You Don't Need That Extra Latte, That Extra Streaming Subscription'—Is Mark Cuban Just As Out Of Touch As

Mark Cuban, the billionaire entrepreneur known for his role on Shark Tank and as the owner of the Dallas Mavericks, shared some financial advice that’s sparked a lot of conversation. In a TikTok video that’s gone viral, user Lindsay responded to his tips with a scathing critique, highlighting just how out of touch his advice seems to be.

Don't Miss:

A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.
These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends

In his original advice, Mark suggested, “Save. You don’t need that extra latte, that extra streaming subscription, going to that fancy dinner. You want to put that in a money market account, earning five, maybe more percent, and watch that sucker grow.”

This kind of advice isn’t new. Many so-called financial gurus have said similar things over the years. However, Lindsay’s response encapsulates the frustration many people feel when billionaires try to give financial tips to the average person.

See Also: Can you guess how many retire with a $5,000,000 nest egg? – How does it compare to the average?

Lindsay starts by calling out Cuban’s disconnect from the everyday struggles of the working class: “Oh, Mark. You did not have to announce how much of an out-of-touch billionaire you are. You cultivated this persona of being, like, the people’s billionaire because of your prescription drug company. I guess when you’re that out of touch, it’s hard to be aware of it.”

She continues by breaking down his advice using a relatable example: “OK, so let’s say that you get coffee once a week, every Friday. It’s got to be that brown sugar, oat milkshake, and espresso, $6.15. You get that every Friday to celebrate getting through the week and to get you to that weekend. But not anymore, because you decide that Mark has a real pulse on the working class and working poor. You decide to forego that little bit of happiness every week. So at the end of the year, you can have $295.”

Trending: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.

Even if you followed Cuban’s advice and invested that money, the returns would be underwhelming. Lindsay points out the harsh reality, saying, “All of that work, all of that denying yourself. And what do you have to show for it at the end of the year? Maybe you can buy Mark Cuban’s shirt, but let’s say you decide to invest it in a money market account like Mark suggested. You might get up to 5% interest. I mean, how much was the inflation in July?”

See Also: Will the surge continue or decline on real estate prices? People are finding out about risk-free real estate investing that lets you cash out whenever you want.

She highlights the bigger issue: the systemic flaws in our economic system. “Why is the issue always that the working class and the poor do something that costs $6 that brings them happiness every week, and not the fact that we have billionaires who are like modern-day dragons just hoarding all the wealth?” Lindsay asks. “The issue is never framed as why does Mark Cuban have three homes? But nobody in the United States who makes minimum wage and works full time can afford the rent of a one-bedroom apartment.”

Lindsay’s video strikes a chord with many who believe small sacrifices won’t resolve the bigger economic inequalities. Rather than blaming individuals for their financial difficulties, she argues that the focus should be on the systemic issues within capitalism.

Reflecting on her younger years, she recalls buying into similar advice and observing older generations working hard but still struggling financially. She criticizes figures like Mark Cuban for suggesting that success is merely a matter of extreme discipline and constant hard work, rather than addressing the flawed economic system.

Read Next:

Don’t miss out on the next Nvidia – you can invest in the future of AI for only $10.
This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.

Benzinga

Benzinga

You Don't Need That Extra Latte, That Extra Streaming Subscription'—Is Mark Cuban Just As Out Of Touch As All The Other Billionaires?