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Why 'Shark Tank' investor Kevin O’Leary refuses to spend $2.50 on a cup of coffe

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rugorak:
(warning - one of those annoying autoplay videos)

https://www.cnbc.com/2017/12/04/kevin-oleary-wont-pay-2-point-50-for-coffee-instead-he-invests-it.html

Old news to the crowd here but always good to see something like this out there.

DS:
He probably has people sucking up to him who just bring him coffee haha

Enigma:
I posted this article on my Facebook.  This is what my financial heroes look like.  Loved his quotes.

"Do I pay $2.50 for a coffee? Never, never, never do I do that," ..."Because if I don't buy it, the money is going to be invested and make money every year for me while I'm sleeping." - Kevin O'Leary

NoStacheOhio:

--- Quote from: Enigma on December 07, 2017, 12:10:45 AM ---I posted this article on my Facebook.  This is what my financial heroes look like.  Loved his quotes.

"Do I pay $2.50 for a coffee? Never, never, never do I do that," ..."Because if I don't buy it, the money is going to be invested and make money every year for me while I'm sleeping." - Kevin O'Leary

--- End quote ---

He sleeps during business hours? ;)

libertarian4321:
O'Leary has it right.

After years of peer pressure (I have lots of friends/relatives in Vermont, who are fanatical about Keurig and Green Mountain coffee), I finally broke down and bought a Keurig at a really low "Black Friday" price.

I realized I was paying about ~60 cents a cup with it, which is way too high (to say nothing of the $3 Starbucks coffee).  I'm a multimillionaire, but there is no way I can afford to rationalize paying 60 cents for a cup of coffee.

So I invested a few bucks in refillable K-cups, and now have my cost down to about 25 cents a cup.

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