Ramit SethiRamit Sethi: The No-BS Guide to Living a Rich Life

Dave Ramsey & Kevin O’Leary Didn’t Get Rich Skipping Coffee

26 Nov 2025 · 0 min

Watch on YouTube

0:24

In this YouTube segment, personal‑finance influencer Ramit Sethi ridicules the popular narrative that famous financial personalities such as Dave Ramsey and Kevin O’Leary built their fortunes by forgoing small daily expenses like coffee. He asserts that their wealth is the result of strategic career choices and investment decisions, not micromanaged frugality. Sethi also points out the irony of these figures lecturing average Americans—particularly low‑income individuals—about cutting trivial costs like coffee or Rice Krispies, suggesting that such advice distracts from the real drivers of financial success.

By the way, was it rice and beans that made Dave Ramsey wealthy? No, of course not. No, he doesn't talk about that though. Uh, did Kevin O'Leary become worth hundreds of millions of dollars from not spending money on coffee? No, no, no. But instead, he loves to lecture the average American about buying coffee. Buying coffee is not what made these people wealthy. It was their career and their investments. But it's a lot more fun to lecture poor Americans about not buying Rice Krispies.