Kevin O'Leary highlights Gen Z's costly habit of spending on expensive lunches, warning it may compromise their financial future. He emphasizes the importance of redirecting these small expenses into investments. Investing just $28 weekly could amass nearly $800,000 in 50 years at an 8% return rate. O'Leary notes that millennials and Gen Z often indulge in unnecessary luxuries, contributing to their financial struggles. He advocates for practical changes like brewing coffee at home to save money and emphasizes long-term financial security over immediate pleasures.
If a young person invested just $28 a week-the cost of a single pricey lunch-into a low-cost index fund earning an average annual return of 8%, they'd have nearly $800,000 after 50 years.
Surveys show millennials alone spend up to $1,000 a year on coffee-a habit O'Leary calls "financially dangerous."
These choices aren't just about frugality-they're about prioritizing long-term financial security over fleeting indulgences.
I can't stand when I see kids making $70,000 a year spending $28 for lunch. I mean, that's just stupid.
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