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The Economic Times
The Economic Times
Trending Desk

Canadian billionaire Kevin O'Leary calls Gen Z 'idiots' for wasting money on coffee and sandwiches

Canadian billionaire Kevin O’Leary has blasted "idiots" Gen-Z workers for “pissing away” their money on a daily cup of coffee and sandwiches. Shark Tank investor and businessman, who doesn't mince his words, discussed the "stupid stuff" people spend their money on. “Stop buying coffee for $5.50. You got to work and spend $15 on a sandwich – what are you, an idiot?” Mr O’Leary said in a clip shared to Instagram. “It costs you 99 cents to make a sandwich at home and bring it with you. Bring your own water, own drink or your own coffee mug."

He shared an important tip for investments for the youngsters in his latest piece of advice and asked them to save and invest this amount instead. According to him, these small everyday indulgences add up to thousands of dollars annually, which could compound into significant wealth over time.

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Kevin O’Leary also noted that many young professionals spend nearly $5.50 on coffee and around $15 on sandwiches every day, adding up to more than $5,000 a year. He called these expenses “stupid stuff” that quietly eats away at long-term financial growth. According to him, investing that same amount consistently could turn into millions over time through the power of compounding.

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