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Why 'Shark Tank' Investor Kevin O'Leary Refuses To Spend $2.50 On a Cup of Coffee (cnbc.com)
An anonymous reader shares a report: Kevin O'Leary has invested hundreds of thousands of dollars in small businesses over the course of his tenure as a star and investor on ABC's "Shark Tank." But there is one business to which he refuses to fork over his hard-earned dollars: coffee shops. "Do I pay $2.50 for a coffee? Never, never, never do I do that," O'Leary tells CNBC Make It. "That is such a waste of money for something that costs 20 cents. I never buy a frape-latte-blah-blah-blah-woof-woof-woof for $2.50." Instead, he makes it at home. "I drink coffee, one cup every morning," he explains. "It costs about 18 cents to make it, and I invest the rest." That idea -- saving small sums and investing continually -- is central to O'Leary's personal finance advice. "The truth is, there is a lot of crap you don't need," he explains.
The sad part is, most of the money goes to the corporation and shareholders. Very little goes to the actual person providing the service, which is where it should be.
Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
That is how capitalism is supposed to work. If you think that is sad, you don't understand capitalism. As long as there are plenty of people willing to work cheap, shareholders will do continue to do whatever it is that they do that makes our country great.
If you must moderate, please moderate as irrelevent, not something bad, because I'm sure someone will find this interest