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.

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Source: Slashdot – Why ‘Shark Tank’ Investor Kevin O’Leary Refuses To Spend .50 On a Cup of Coffee