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LOS ANGELES - SEP 23: Kevin O’Leary at the “Shark Tank” Season 8 Premiere at Viceroy L’Ermitage Beverly Hills on September 23, 2016 in Beverly Hills, CA.

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OLeary, also called Mr.

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Wonderful, is a Canadian businessman and TV personality from the hit show Shark Tank.

Here is some of hisbest advice for getting and staying rich.

OLeary adds that most peoplespend too much money on clothing.

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According to him, most people wear only 20% of what they own.

OLeary goes out of his way to keep every dollar he makes because he works hard for each one.

He also explained that he only buys objects like watches that he expects willappreciate in value.

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Business isnt an easy pursuit and comes with a lot of hard work and ups and downs.

OLeary highlights the fact that its impossible to be successful at anything without failing a few times.

Failure allows you to grow and motivates you to be successful.

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He also points out that you only need to be right once to succeed as an entrepreneur.

To this, OLeary advises you to put your blinders on and focus on what youre trying to achieve.

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