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Travis
You're listening to the Travis Makes Money podcast presented by gohighlevel. Com. For a free 30 day trial of the best all in one digital marketing software tool on the planet, just go to gohighlevel.com travis. Hey, what's going on, everybody? Welcome back to the Travis Makes Money podcast, where it's a mission to help you make more money. This is one of our co hosted episodes, which means my producer Eric is in studio and we talk a little bit about some money things. We talk about some. Some cultural things that are happening. Happening. What people are making things like. That's a little bit more conversational and a little bit more fun for us anyway.
Eric
A little more worse.
Travis
Yeah. Eric likes to think that it means that I'm saying that it's worse, but it's just different than the other episodes.
Eric
That's how you introduce me to people.
Travis
Yeah.
Eric
This is Eric. He's just different. He's.
Travis
But Eric's here. What's up?
Eric
I am different. Huh?
Travis
You are different.
Eric
Would you say I'm one of the more different people? You know?
Travis
Yeah.
Eric
Or would you say I'm more same.
Travis
I'd say as everybody. More different people that I know. But also I feel like the majority of the people that are in my life are different people.
Eric
Oh, wow. That's really cool. You see lots of different people. They're all different.
Travis
Yeah. I tend to hang out with people broken and wrong.
Eric
The island of Misfit Toys is your.
Travis
Who are not. Who are not part of the norm. You know what I'm saying?
Eric
Ooh, I like that.
Travis
Yeah, that's a cool. That's a. That's a more complimentary way of saying. Saying that you're deeply welcome.
Eric
Flawed in many ways and strange. I have a clip from one of the stars of the hit film Marty Supreme.
Travis
Wild. Way to introduce this person.
Eric
No, it's Mr. Wonderful.
Travis
Yep. Kevin O'. Leary.
Eric
Nope. Mr. Wonderful.
Travis
Okay.
Eric
Same guy and really nice guy. Known for being kind and cordial and sweet to everybody around him.
Travis
Simon Cowell of Shark Tank.
Eric
There was a really interesting contrast. Did you see this Post from the Oscars. It was a shot of. It was Kevin o'. Leary. I'm not going to try to find it because I know I'm just going to sit there googling and I won't be able to find it. It's Kevin o'. Leary and he wore like like some basketball trading card that he bought for
Travis
like, oh, I did the chain.
Kevin O'Leary
Yeah.
Eric
And he's like wearing like a diamond encrusted suit. And someone posted a picture. It was him on the red carpet, like showing it to somebody. And then like next to him, like ready to be next was an Iranian documentary filmmaker in like a simple suit that is probably going to go to prison when he goes back to Iran for making a documentary about it. Jeez. And someone was like, what a disparity in. In these two. Anyway, gentlemen, it was an interesting post. I didn't know if you saw that.
Travis
I didn't. I see. I saw the. The card that he had.
Eric
You did. You just complete. You're like, I only like crop out the Iranian filmmaker. I just want to see exorbitant wealth.
Travis
Exactly.
Eric
Cuz I'm Travis makes Money.
Travis
That's right.
Eric
You should change your name to just be that legally. And when we shut the show down, we'll just call it Travis has Money.
Travis
That would be.
Eric
He did it.
Travis
That would be such a. Would be such a wild way to introduce myself. But you know how people are like, it's doctor Actually.
Eric
It's makes. It's actually makes money to you.
Travis
It's actually Mr. Makes Money.
Eric
You're still makes money, but you're not even a doctor. It's just Mr. Makes Money.
Travis
That'd be a way to get some press though. Probably podcast host. Legally change his name. Who.
Eric
Which actor was it that did that legally changed their name? Was it Macaulay Culkin?
Travis
I don't know.
Eric
Whereas I think Macaulay Culkin's legal name is like Macaulay. Macaulay. Macaulay Culkin Culkin or something.
Travis
What?
Eric
Hold on. Macaulay. Yeah. In 2019, actor Macaulay Culkin legally changed his middle name to Macaulay Culkin, making his full legal name Macaulay Macaulay Culkin Culkin.
Travis
Which is so funny.
Eric
He held a public poll on his website bunny ears in 2018 where fans could choose the middle name or over other options like Kieran or the McRib is back. He did it for fun. Okay. So ye. That's Macaulay. Macaulay Culkin Culkin.
Travis
That's really funny.
Eric
That's great.
Travis
What a good move.
Eric
I forgot about that till just now. It's weird the things your brain remembers, you know? Anyway, here's a clip of Kevin o'. Leary.
Travis
Okay.
Eric
Kevin. Kevin o'. Leary. O' Leary, talking about his mother's secret to becoming rich. Okay, you ready? Here we go. Kevin o', Leary, his mother.
Travis
You're doing it again.
Eric
Becoming rich.
Kevin O'Leary
My mother was fiercely independent woman.
Eric
She, Kevin o' Leary's mother, got rich. How will shock you. Those get me every time.
Travis
Yeah, yeah.
Eric
And then you're six pages in and you're like, God.
Travis
You see how is you've exited out of 43 pop up ads, right? Yeah.
Eric
All right, here we go. Kevin o' Leary had a mother with a secret. Here's what it was.
Kevin O'Leary
My mother was fiercely independent woman. She went through a very difficult first marriage to my biological father. It ended in divorce. From that experience, she. She wanted to have her own financial independence for the rest of her Life. She took 20% of her paycheck each week and invested it in just stocks in the S and P that paid dividends and telco bonds. She had that portfolio for 62 years. And when she passed away, I got a call from the executor because I'm older than my brother by two years. He said, you got to come down here. Your mother died a very wealthy woman. I said, I don't think so. We're a middle class family. I saw what she'd done. She'd only spend the interest or the dividends. So this thing grew over 60 years at 8, 10, 15, 20% a year. Her rule was very simple. No more than 5% in any one stock or bond. No more than 20% in anyone's sector, and just keep adjusting it every year. She was not an analyst, just a working gal. I formed an ETF company around those rules, and it's been very successful.
Travis
That's awesome. It's also funny to me what part that you could be totally in the dark on that.
Eric
Yeah.
Travis
You know what I mean? You're like, wait, I don't.
Eric
I don't think that's like no wrong number.
Travis
Yeah, exactly. That's not my mom. But then it also sort of begs the question of what we're talking about earlier. The whole die with zero concept. It's like, I mean, that's awesome that you did this, but like, mom, why didn't you, you know, spend some of this money? Like, what are you. What are you waiting for?
Eric
Right?
Travis
But that also speaks to the traditional, like, personal finance advice that we hear you know, preached all the time, which is that it doesn't take much. Like the, the Scott Galloway thing of, like, good news is I can, I can make you wealthy. The bad news is it's going to take a long time. And that's just the truth. And most people just don't have the discipline to let it sit there. There's always something to spend money on. There's always some reason to take out a second mortgage on your home. There's always some reason to pull your money out of the stocks that you. That's like, working for you. There's always, there's, you know, you get, you see the markets took a dip, and then you panic, sell everything. You know, I was talking to somebody on the show recently who was talking about how he lost everything during the 2008 financial crisis, but basically admitted that it was. He. He was freaking out about all, you know, his stocks were destroyed during that time. So he sold them, and it's like, okay, but if you would not have sold them during that time. And it's easy for me to say that because I didn't. I wasn't an adult during the financial crisis. 11:12, 2008. I was 15.
Eric
No.
Travis
Are you arguing with. Arguing with me?
Eric
How are you 15? How old was I?
Travis
I was born in 92, so I, I turned 16 at the end.
Eric
I was, I was 12.
Travis
Okay, that makes sense.
Eric
I forget. I always forget how old you are. Sorry, go ahead.
Travis
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Travis
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Travis
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Travis
Three years. It's not that big of a deal.
Eric
Way older, in worse shape.
Travis
But yeah, I was. It's obviously easy for me to say but that it was. It's been a big lesson for me to watch other people panic, sell like that. Which is why I just don't. I just made up a rule for myself like I just don't do it. As soon as I invest the money, it's gone. Like, and it. And I just don't touch it. Yeah, it's. I don't. I don't look at it as available to me. It's gone and it's off. It's. I shipped it overseas to go fight my war for me. You know what I mean? Like, it's.
Eric
What country?
Travis
It's gone. Shut up.
Eric
What country?
Travis
This is not a political podcast.
Eric
If you had to bomb one country, you had the button. What do you bomb? Okay, Anyway.
Travis
Yeah, so. So people panic, sell, and then. And then lose out on all the gains that happened from 2008 to now. So it. Yeah, putting. Putting a little bit of money into the S P and just letting the markets do their thing is the boring, guaranteed way to make sure that you end up with some money at the end of your life.
Eric
I want to see if Kevin said the story better on the Diary of a CEO podcast. So let's see what happens. You know what I'm saying?
Travis
Let's see.
Eric
This is the diary of the CEO podcast with Kevin O'. Leary.
Travis
Here's what he said, the shocking truth.
Eric
Kevin O' Leary says this $28 habit is keeping you from or keeping you poor.
Travis
Okay.
Eric
Every time you get paid, do this. Kevin o' Leary says this is the way.
Kevin O'Leary
That is the stupidest thing you can ever do.
TurboTax Announcer
What is the most.
Eric
Put that in the soundboard.
Travis
Yeah.
Eric
And then let me spam it when you talk. All right, here we go. This is Kevin o'. Leary, the dumbest thing you could ever do.
Kevin O'Leary
That is the stupidest thing you can ever do.
TurboTax Announcer
What is the most important thing for
Travis
someone who's just trying to grow their money?
Kevin O'Leary
So I learned this from my mother, and I actually built a whole company around it. Yeah, there she is. So
Eric
I love when he does these things on the part. I'm like, that's messed up, bro.
Travis
When Steven does that.
Eric
Yeah. Here, let me make Kevin o' Leary cry.
Travis
Let me just derail you real quick.
Eric
Because, you know, he tries to look. He tries to look like, what are you thinking? But, you know, he engineered with 50 data scientists, like, what will make Kevin O' Leary cry on my podcast. And he's like. He's jumping for joy inside. He bring. He gets pleasure from the pain of others.
Travis
Totally.
Eric
That's what I always say when Steven Bartlett's on screen. Like, he.
Travis
Okay, but have you ever been in that position?
Eric
He's a sadist.
Travis
When you're interviewing somebody and they, like, choke up a little bit, and you're like, man, that must have been a Good question. Pat myself on the back.
Eric
No.
Travis
Okay, well, never mind.
Eric
I don't get joy. I'm not Stephen Bartlett. I don't get joy from the suffering of others. That's what people say when they see him.
Travis
That just makes that. That sounds you. That makes you sound super, super alpha, bro.
Eric
Honestly, when I ask questions.
Travis
Why is crying? Why is crying?
Eric
As Tim Grover would say, emotions make you weak. Which I don't necessarily agree with that one. Yeah,
Kevin O'Leary
I haven't seen that picture in. Damn. I mean, what she did, the performance was extraordinary. And with that, she put my brother and I through college. She took care of her family, fell on hard times.
Eric
He's just gonna. He's just gonna tease it, I bet. Well, I was gonna see if it was a better version of the other story, but I think he's gonna cut around, like, what did she do?
Travis
I think it's basically when I saw
Kevin O'Leary
the results, I said, that's it. That's how I'm gonna invest for the rest of my life.
Travis
So talk me through this. I want as much detail as possible.
Kevin O'Leary
Let's start with this.
Eric
30 seconds.
Kevin O'Leary
Like me for my bluntness.
Eric
Oh, it's just a teaser. Yeah, I got. I just got clickbaited.
Travis
You got got.
Eric
I hate this on YouTube, though. You got a teaser? I need. I want the data.
Travis
Well, you got to know that that was what it was going to be like from Diary.
Eric
That's why. And that's why no one should listen to that show. I. I'll die on that hill you
Travis
sent me, the one of the. Of Satan being interviewed.
Eric
Yeah, that was pretty good.
Travis
That was pretty funny.
Eric
I should have saved that of the show.
Travis
But, yeah, that. That is the boring slash real way to build wealth is a little bit of money over a long period of time. The only caveat that we like to throw in on the show is to make sure that you can also enjoy life in the meantime and that you're not just continually only putting money away for some distant future date where I will finally travel and see the world or drive my dream car or live where I want to live once I'm 70. It's like, well, first of all, you're not guaranteed to make it to that age. Second of all, like, do you want to. Do you want. Like, are you gonna be able to do the same things at that age that you can do now, like, drive the same cars or go for a, you know, go. Go climb Kilimanjaro or whatever? You know what I mean? It's like, you keep Putting off these things all the time just for the sake of being in a better financial position in the future. Then it's like what you're. You know, you're. You're purposefully choosing a worse life at present to have a better life in the future, which is a. Typically a great thing to do. But if you do it too much, then you're sacrificing the only true thing that we have in this life, which is the present. You know what I mean? Like, the future doesn't exist. The only thing that ever exists is the present. So if you always and only continually sacrifice for the future, then you know you're never going to enjoy the present as much, which is the reason for this show. So, yes and yes to all these things. To be financially disciplined, to put money away and to let it work for you. But, you know, maybe that just means you got to make a little bit more money, because if you're. If you're looking at it, you're like, man, if I put 20% of my earned income into stocks, I would have no money left over to, you know, whatever, take my family on vacation or to drive the car I want to drive or whatever. Then it's like, okay, well, then get to that number a different way. You know, like, if that number's 1,000 bucks a month or 2,000 bucks a month or 500 bucks a month, then it might start as 20% of your current income. But then start asking yourself the question, how can I make this 5% of my current income so that I can enjoy life now and then also enjoy life in the future? So.
Eric
But yeah, let me ask you this about Kevin o', Leary, okay? In the hit film Marty supreme, which I haven't seen. Which you haven't seen.
Travis
Wait, wait, hang on. Did Chalamet win?
Eric
No. No Oscar wins for Marty supreme at all.
Travis
Really? Yeah. Who ended up winning best actor.
Eric
Best actor was Michael B. Jordan for Sinners.
Travis
Fair enough.
Eric
No.
Travis
In TikTok Encounter us short dramas, emotionales rapidosi difficiles dejar descarga TikTok ahora.
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Travis
Okay.
Eric
No, it should have been Timothy Shot. I was largely.
Travis
I haven't seen Marty.
Eric
I was largely okay with every win, but. And I knew Sinners would win Best Actor and Best Picture or Best Director, but I thought Marty supreme was better, you know? But yeah, I. To me. To me, Timothee Chalamet and Marty supreme is like a top 10. It's like top 10 performance, like, ever. Yeah, like just such a good performance. Okay. In the film, though, Timothee Chalamet character is subjected to being spanked with a ping pong paddle by a character played by Kevin o' Leary in exchange for something. I won't spoil what it is. Okay, but you already know he got spanked with a paddle. You've seen the memes.
Travis
I didn't know that.
Eric
Actually, I did tell you that. I already told you that.
Travis
I don't think so.
Eric
Yep. Because I told you the thing someone said because they did multiple takes and I showed you the meme where someone said they just want to see how pink Timmy's cheeks would get.
Travis
I'm doubtful. I don't remember this at all.
Eric
Well, I do.
Travis
I don't think you showed me.
Eric
Okay, so I have to ask you this. So I have to ask you this. You love a good deal. What deal would have to be on the line. What's a minimum amount of money on the line for you to allow Mr. Wonderful to spank your little butt cheeks with a ping pong paddle?
Travis
I'd pay for it.
Eric
Like I'm getting paid. How much? How much to let them spank you with a ping pong paddle? I mean, bare ass.
Travis
It wouldn't be that much because I really like. It would be. I don't feel like it would hurt that much. A ping pong paddle.
Eric
Yeah, but you. Yeah, the pain is not the. It's not the piece.
Travis
But I'm saying, like, it wouldn't be like $10 million.
Eric
You're at a party and Mr. Wonderful's there and he says, I want
Travis
to spank you for the story, bro.
Eric
Help me out. Okay.
Travis
I don't know. 10 grand.
Eric
10 grand?
Travis
10,000? You wouldn't let Kevin O' Leary spank you with a ping pong paddle for 10,000.
Eric
I've done far worse for far less.
Travis
But I'm saying it doesn't seem like that wild of like.
Eric
So wait, so hold on. I just wanted.
Travis
Okay, because I guess it's depends on context. If there's doing it to humiliate me, then the numbers way.
Eric
So you're saying in the context of a movie different. But Kevin o' Leary himself. You would let him do for free? Look, for the. If I. Wait, I need to know this. If I can get Kevin o' Leary to spank your ass with a ping pong paddle for free, you'll let him?
Travis
Yes. If you can pull that up. If you can pull that off. I will. If I do that just for the content and the story, but especially like at a party. You're at a party with like a bunch of people coming, like a dinner party hanging out.
Eric
So say you're having a dinner party and Kevin o' Leary comes out in front of like, say your childhood hero, like entrepreneurs, like really high level people you would let. You would drop.
Travis
If you can pull that off with no help from me, then I would do that.
Eric
I don't think you'd be able to help in this situation.
Travis
I'm saying, like, if you were like, I know somebody. I lock down Kevin o'.
Eric
Leary. I lock down Kevin o'.
Kevin O'Leary
Leary.
Eric
He has a ping pong paddle.
Travis
That'd be like. That'd be like you getting tased by
Eric
Steve O. Yeah, that's my dream.
Travis
Yeah. I'm a simple man.
Eric
That's actually my dream. Really?
Travis
Well, we'll get Steve O for one of these dinner party filmings and we'll
Eric
get him to taste how much. How much to get stevo to spank Mr. Wonderful. Yeah, dude.
Travis
Anyway, no, I feel like that's not like. I don't know. That doesn't sound.
Eric
That's crazy to me.
Travis
It doesn't sound like a humiliation.
Eric
I would, like, I would be human.
Travis
Context would be like, it's Kevin o'.
Eric
Leary.
Travis
If somebody's for content trying to do that for the purpose of humiliating you, then that's. That's a little bit different. In which case I would have a much higher number. But if it's just like.
Eric
But there is a number.
Travis
Oh, yeah. There's always a number, bro. If you, if you, if you're sitting there thinking there's no number, you're lying to yourself.
Eric
Yeah.
Travis
Like, if somebody. It's. It's easy to say that you would turn Even watching. We're watching Beast Games.
Eric
Yeah.
Travis
And now that, that's. Now that this was the second season, you know, the people that are on the second season obviously watched the first season and so they had all of these estimations in their mind and they were so confident telling people throughout the show, if I get bribed with this thing, there's no way I'm taking it. Absolutely not. No chance at all. And the first time they get tempted with a bribe to do something in the show. Like, most of them took the bribe and they're like, it's just so different when you see the money sitting in front of you. And it's like, yeah, if. If you're sitting there telling yourself there's no number, you're. You're lying to yourself. There's always a number.
Eric
That's why I like Wheel of Fortune, because it's just good, clean fun. Like, nobody has to, like, betray anybody, you know, Totally. Just so you know, just for Marty supreme, The scene took 40 takes.
Travis
40 takes.
Eric
They had a hinged. A fake paddle that was hinged, but it broke on the first take, forcing a Lear to use a real ping pong paddle. Timothy Chami refused to use a stunt double for his backside, insisting on performing the scene himself to ensure was his own ass immortalized. And the director pushed for intensity, demanding harder hits, which resulted in a shoot that lasted for hours and concluded around 4am GE.
Travis
So you'll do take like three days.
Eric
We're doing 40 takes.
Travis
You're moving the goal post.
Eric
And he just said, yes, I just talked.
Travis
You're moving the goal.
Eric
I honestly think, and I. I don't know if this is crazy, but if. I think if I dedicated good amount of time and I. I told Mr. Kevin O' Leary that I have a man's ass ready for you to hit with, I think he would do it for love of the game next time he's in the area. So it's just something I know He's
Travis
a pretty busy guy.
Eric
This is a side project. Wait, can I use Joanna? If me and Joanna, like most tag team making this happen.
Travis
Yes.
Eric
Is that okay?
Travis
Yes. Although when you first said that, I was like, I'm not gonna volunteer Joanna to get spanked by Kevin. If I could get that seems like something that's outside of my.
Eric
I will say Joanna would take the opportunity to spank you with a ping pong paddle. If you're like, just take out any rage you've accumulated over the years. You'd be.
Travis
There's probably a lot of people. There's probably. There's a line.
Eric
Can me and Joanna take turns? And Jackie, I don't think you would survive if we gave Jackie full reign. She's here. Let's get her. Hey, bring her in.
Travis
We have a ping pong paddle.
Eric
All right.
Travis
Anyway. Okay, well.
Eric
Okay, so the takeaway is Kevin o' Leary's mom is a wonderful lady.
Travis
Yeah, exactly.
Eric
Ripped the goat.
Travis
And that's it for episode of the show. Remember, money only solves your money problems, but it's easier to solve the rest of your problems. Money in the bank. So let's solve that one first. You're on the Travis Makes Money podcast. If you do get spanked for money, put it in the S like Kevin o' Leary's mom suggested that you do, and we'll catch you next episode. Peace. Like.
Episode Title: CO-HOST | Make Money Using Kevin O’Leary’s Mom’s 20% Rule
Host: Travis Chappell
Co-host/Producer: Eric
Release Date: March 26, 2026
In this episode, Travis Chappell and co-host Eric explore a classic but often overlooked approach to wealth: Kevin O’Leary’s mom’s 20% rule for long-term investing and money management. Through genuine, humorous banter, they reflect on how traditional advice stacks up against modern realities. The episode is both informative and relatable, focusing on actionable financial habits while making plenty of room for laughs and candid asides—emphasizing their signature tone that celebrates making more money without shaming listeners for their spending choices.
Key Clip: Eric plays a clip of Kevin O’Leary describing his mother’s path to wealth.
Summary:
Notable Quote:
"She took 20% of her paycheck each week and invested it... She only spent the interest or the dividends. So this thing grew over 60 years at 8, 10, 15, 20% a year. Her rule was very simple. No more than 5% in any one stock or bond. No more than 20% in anyone's sector, and just keep adjusting it every year."
— Kevin O’Leary [05:10–06:10]
Discussion:
Notable Quote:
"The good news is I can, I can make you wealthy. The bad news is, it’s going to take a long time. And that’s just the truth. Most people just don’t have the discipline to let it sit there."
— Travis [06:40–06:55]
Discussion:
Notable Quote:
"If you always and only continually sacrifice for the future, then you know you’re never going to enjoy the present as much, which is the reason for this show."
— Travis [15:21–15:34]
Actionable Insight:
Humorous Segment:
Notable Exchange:
Eric: "What's a minimum amount of money on the line for you to allow Mr. Wonderful to spank your little butt cheeks with a ping pong paddle?"
Travis: "I'd pay for it." [19:02–19:04]
"If you’re sitting there telling yourself there’s no number, you’re lying to yourself. There’s always a number."
— Travis [22:20]
Kevin O’Leary’s Mom’s Financial Wisdom
[05:10–06:10]
See above—her rules provide the central theme for the episode.
On Discipline and Investing
"As soon as I invest the money, it’s gone... I shipped it overseas to go fight my war for me. You know what I mean? Like, it’s gone."
— Travis [11:12–11:21]
The Value of the Present
"The future doesn’t exist. The only thing that ever exists is the present."
— Travis [15:15]
Closing Wisdom:
"Money only solves your money problems, but it’s easier to solve the rest of your problems with money in the bank. So let’s solve that one first... And if you do get spanked for money, put it in the S&P like Kevin O’Leary’s mom suggested."
— Travis [24:13]
For Further Action:
Apply the 20% rule—automate your investments, diversify, and commit to the slow, steady path. But don’t forget to actually live along the way.