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'You Never Ask Me for Money Again': Kevin O'Leary Explains Instead Of Investing In Family Members' Businesses, He Gifts Cash With A Caveat

By Yahoo! Finance   |   Sep 28, 2024 at 06:13 PM EST
'You Never Ask Me for Money Again': Kevin O'Leary Explains Instead Of Investing In Family Members' Businesses, He Gifts Cash With A Caveat

Kevin O'Leary, the renowned investor, shares his strategy for handling family members asking for money: giving a one-time gift with a clear boundary of no future requests. This approach emphasizes setting expectations and maintaining financial and family relationships. Consulting a financial advisor is recommended for such decisions.

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