2 months ago
"Shark Tank" prima and investor Kevin O'Leary says he "forbids" couples to merge their finances, informing that lacking your ain financial personality could spell disaster should your individual life return a move for nan worse.
"You must, successful this society, support your ain financial identity. You person to. Because 50% of marriages extremity successful divorcement for financial accent complete nan first 5 years of marriage, and moreover if you person a semipermanent business and thing would hap to your spouse, specified arsenic death… [and] you don't person your ain financial identity, you're successful nan wilderness successful America," he told FOX Business' Stuart Varney connected Monday.
‘SHARK TANK’S KEVIN O'LEARY ARGUES WITH CNN HOST OVER TRUMP'S FINANCES: ‘WHAT FRAUD?’
OLeary Venture Chairman Kevin OLeary issues a informing to couples to refrain from merging their finances. (Kyle Grillot/Bloomberg via Getty Images / Getty Images)
"You must person a in installments standing and a financial personality and an relationship and your ain finance accounts conscionable for your ain survival, truthful erstwhile group show me, 'We're going to merge our account,' I said, ‘What, are you nuts? Absolutely not.’" he continued.
O'Leary said he forbids nan shared financial believe successful his ain family, adding that he "forces" prenuptial and cohabitation agreements.
"I want financial owed diligence connected important others because I'm a realist. I woody successful nan existent world," he told Varney.
KEVIN O'LEARY DELIVERS HIS TOP TIPS FOR BUILDING BUSINESSES, PINCHING PENNIES AS COSTS SOAR
O'Leary Ventures Chairman Kevin O'Leary warned that merging finances could spell disaster for individuals should thing hap to their matrimony aliases spouse. (iStock / iStock)
Adding to nan conversation, he based on successful favour of prenuptial agreements for addressing unequal financial accounts, pointing to his ain domiciled arsenic an investor successful HelloPrenup and asserting that nan level forces group to inquire important financial questions of their imaginable partner.
"If you're building that financial pillar together, it's because you want that harmony to last. I'd reason nan prenup helps a batch more. I really do," he said.
SHARK TANK HOST GETS BLASTED FOR PUTTING ‘SUCCESS’ ABOVE HAVING LOVING FAMILY: ‘DEFINITION OF HELL’
The O'Leary Ventures chairman has antecedently urged couples to support their financial identities separate, pinch a post to X connected Sunday calling for finance accounts, ETFs, stocks and bonds to beryllium kept successful an individual's ain name.
"You do not person to merge that pinch your important other. Ever," he said successful nan video shared pinch nan post. "There's perfectly nary request to do that."
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