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Mark Cuban on financial advice and his worst investment ever

As the star of the successful ABC series Shark tankMark Cuban knows a thing or two about what it takes to be a successful entrepreneur in the 21st century. If he’s not running his own business, learning techniques to get – and stay – rich are all about learning.

The owner of the Dallas Mavericks recently sat down with Men health for the latest installment of the Wealth of men Series in which he talks about the tricks he learned over the years in becoming a self-made billionaire. The first recommendation he has for aspiring entrepreneurs starts right at home: take the time to invest in yourself and learn skills that may be useful in the future.

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“If you are new to starting out and maybe have a job or not, or if you are completely unsure about your career, I learned early on that I can learn almost anything if I try hard.”

; he says. “I taught myself technology … it was time consuming and painful, but that investment in myself has paid off for the rest of my life.”

While it seems like an obvious solution, it’s actually the only advice Cubans would give to their 20-year-old self if he had to restart his entire career in 2020 with just a $ 20 investment. Given the impact of the pandemic on the job market, Cubans has also thought about monetizing a technology everyone knows but has no idea about all of its functions: Amazon’s Alexa.

“Right now, with the pandemic, we’re trying to go non-contact,” he says. “The ability to use ambient voices to really help your business – nobody does that very well. So I would take care of it and I think I could do a nice little business with it. “

And while you are on your way to fame and success, Cuban recommends keeping your feet on the ground, especially when shopping online. He says it’s wise to be thrifty and negotiate the bigger items you want to buy, but it’s always best to buy the things you buy usually buy more efficiently.

“Take advantage of deals on Amazon and other places that you can buy in bulk,” he says. “If it’s money that you can definitely spend and save, this is the best investment you can make … sometimes the best.” You can make an investment by being a smart shopper. “

And his worst investment yet? Selling milk powder. I think they can’t all be winners.

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