“Shark Tank” investor Kevin O’Leary has advice for couples tying the knot — ditch the ballroom, buy some pizza, and invest the difference.
O’Leary isn’t just theorizing for couples getting married. He told CNBC Make It that when he and his wife, Linda, got married more than 25 years ago, they opted for a low-cost celebration centered around pizzas and beer.
“I said to my wife, ‘Why go in debt?'” O’Leary said. “Let’s invite our friends over, let’s buy a few cases of beer, and I’ll order some pizza.”
The Opportunity Cost of ‘I Do’
The financial logic behind O’Leary’s frugal festivities is the concept of opportunity cost.
The average wedding costs more than $34,000, according to industry website The Knot. For many young couples, that capital represents a significant portion of their net worth — money that O’Leary says is being burned on a single night of celebration, when it could be used to start or grow a business.
“We saved a fortune,” …
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