Kevin O'Leary maintains a strict no-loan policy for family members, opting instead to gift them money with the understanding they cannot ask him again.
He believes giving money without expectation can help avoid awkward family disputes, especially for a wealthy individual like himself.
O'Leary emphasizes the importance of keeping family and financial matters separate to preserve relationships during gatherings like Thanksgiving.
Despite his wealth, O'Leary acknowledges that money can sometimes ruin family dynamics, as it attracts those who want it without reciprocation.
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