Kevin O’Leary: Why Early Retirement Doesn’t Work

“Shark Tank“ star Kevin O’Leary says the FIRE movement — financial independence, retire early — isn’t all it’s cracked up to be. He knows from experience, so here’s what he does instead. » Subscribe to CNBC Make It.: The concept of FIRE — financial independence, retire early — is a growing movement that has ignited among young people. There is a litany of blogs, podcasts and Facebook groups dedicated to helping people retire early, sometimes even in their 30s or 40s, by practicing habits like extreme frugality, saving or investment. But star of ABC’s “Shark Tank“ and self-made business mogul Kevin O’Leary isn’t sold. “This whole idea of financial independence, retire early doesn’t work. Let me tell you why,“ O’Leary tells CNBC Make It. “It happened to me.“ O’Leary sold his first company, Softkey Software Products (which was later re-named The Learning Company), to the Mattel