05/20/2026
Inflation is a real problem in this country, but if you are spending $28 on lunch all of the time, that is why you are broke.
Spending $28 on lunch while earning $70,000 a year is "just stupid," according to Shark Tank investor Kevin O'Leary. In a recent appearance on The Diary of a CEO podcast with host Steven Bartlett, O'Leary argued that small habitual expenses are quietly costing young people a fortune in lost wealth.
"I can't stand when I see kids making $70,000 a year spending $28 for lunch," O'Leary told Bartlett. "Think about that in the context of that being put into an index fund and making 8% to 10% a year for the next 50 years." O'Leary broke down the math: investing just $28 a week into a low-cost index fund at an average 8% annual return would grow to nearly $800,000 over 50 years.
O'Leary's recommended solution is simple: automatically invest 15% of your salary before you have a chance to spend it. "If you're making $70,000 a year and you put 15% aside from when you're 25, you'll have over a million and a half dollars if you just invested it in the stock index in the S&P 500," he said.
Critics point out that saving at the rate O'Leary recommends is a tall order for many young Americans facing high rents, student debt, and stagnant wages. O'Leary, however, insists that building wealth is less about income and more about habits.