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Why Does Billionaire Mark Cuban Say Saving Money Is Stupid?

I hope all you guys love SharkTank as much as I do! My wife and I love watching it after the kids go to bed and see everybody’s business ideas.

Most people probably don’t know this but Mark Cuban has more money than all the other Sharks combined!

I recently watched a youtube interview with Tai Lopez where Cuban stated:

[Tweet “Saving Money is Stupid – Mark Cuban #fb”]

I was busy working so I had to listen to the interview again to figure out why he said that.

In the proper context, he broke it down perfectly perfect. I will let you watch the interview for yourself below. However, in my opinion he was essentially saying:

[Tweet “Invest in yourself! Don’t just save money to save money.”]

In doing research for this article Cuban has some very colorful comments about debt which I included below.

This isn’t a normal article for realestatefinancehq.com.

Instead, it’s a collection of very interesting quotes and an interview from Mark Cuban.

Let me know what you think about this format on facebook in my group: Real Estate Addict

[Tweet “It doesn’t matter how many times you fail. You only have to be right once and then everyone can tell you that you are an overnight success.”]

[Tweet “If you’ve got $25,000, $50,000, $100,000, you’re better off paying off any debt you have because that’s a guaranteed return.”]

“[Tweet “The one thing in life you can control is your effort. “]If you are willing to put in the effort to start the business and you are willing to deal with the challenges and the fact you might starve or live like a student . . . If you are willing to fight through those via effort and brain power, anything is possible. There is no reason it can’t be you.”

[Tweet ““You’re trying to show them how you are going to make their lives easier . . . There are no favors involved. It’s a win-win for everybody.””]

[Tweet ““If you take a loan, you are no longer the boss,” “]Mark says. “And your customers are no longer the bosses. Your banker is the boss. And if you hit any adversity, like every startup does, the priority becomes taking care of your banker . . . You’re no longer in a position to do whatever it takes to survive.”

Source: https://www.daveramsey.com/blog/practical-lessons-from-mark-cuban