Mark Cuban doesn’t believe in complicated financial advice. Instead, the billionaire entrepreneur offers clear, direct money rules that can help regular people make smarter decisions.
If you’ve made a few financial missteps — or want to avoid big ones — these seven Mark Cuban money rules could help get you back on track.
Cuban warns against relying solely on risky stocks — so consider diversifying with assets like gold. If you’re over 50, you may qualify for up to $10,000 in free metals with a qualified purchase. Get your FREE 2025 Gold Information Kit and learn how physical gold can help protect your savings.
1. Invest in yourself first — it pays the best return
Mark Cuban says the best investment you can make is in your own skill set. The more you learn, the more you can earn.
But many people make the mistake of putting all their money into stocks or crypto without improving their own earning power. That’s backwards.
Once you’re earning more, make sure you’re also managing it wisely with professional support.
Pro Tip: If you’ve got at least $100,000 invested, try SmartAsset — a free service that matches you with up to three vetted financial advisors in your area after a quick questionnaire.
2. Avoid FOMO investing — most people lose
The Fear of Missing Out (FOMO) causes many to jump into stocks or crypto based on social media hype or hot tips from friends. Cuban warns that unless you’re doing real research, you’re gambling — not investing.
He suggests sticking to index funds or holding cash until you understand the landscape.
Looking for a more stable option while you build knowledge and avoid risky bets? Gold has historically been a reliable investment for protecting your savings. Open a gold IRA to help shield your money from inflation, market swings, and economic uncertainty.
3. Build six months of savings — no exceptions
Emergency funds aren’t just for rainy days. Cuban says they’re your first line of defense against bad decisions — like taking a terrible job out of desperation or cashing out investments early.
Most people have far less than six months saved. But even a small monthly contribution builds a financial cushion over time.
Earn up to 3.8% interest on your emergency savings and unlock a potential $300 signup bonus with SoFi Checking. (Offer may change without notice.)
4. Keep your spending lean — even when you’re winning
Just because you start making more money doesn’t mean you should spend more. Cuban says many people make this mistake and trap themselves in a lifestyle they can’t afford long term.
He encourages living below your means, regardless of income level — because wealth comes from what you don’t spend.
If you have over $150,000 in investments, consider talking to a professional financial advisor. WiserAdvisor is a free service that can match you with a pro in your area.
5. Avoid student loan traps — college is not one-size-fits-all
Cuban is vocal about the dangers of overpaying for a degree. Many people borrow tens of thousands for a diploma that doesn’t deliver career value.
Instead, he recommends low-cost schools, scholarships, and community college pathways. The goal? Minimize debt and maximize ROI.
If you’re already burdened by education costs, consider creative ways to ease the burden without taking on more loans.
Pro Tip: Americans have $30 trillion in untapped home equity, yet most can’t access it without taking on debt. Hometap lets you unlock up to $600K of your wealth without monthly payments or personal liability.
6. Stop using credit cards — unless you’re winning
Cuban doesn’t mince words: If you carry a credit card balance, you’re “an idiot.” It sounds harsh, but his point is clear — high-interest debt drains your future.
Too many people rely on credit for everyday expenses and then drown in fees. Cuban urges you to only use credit cards for points and perks — and to pay the balance in full every month.
If you’re going to use a credit card, make sure it’s actually working for you — not against you.
Pro Tip: This credit card can contribute to growing your money. Get a $200 bonus in bitcoin or 50+ other cryptos after spending $3000 in the first 90 days. Enjoy up to 4% instant rewards with no annual fee or foreign transaction fees. Start building your portfolio just through everyday purchases.
7. Buy in bulk — it’s a guaranteed return
While Wall Street fluctuates, Cuban says buying in bulk offers an “immediate return on investment.” Household staples, like toilet paper or coffee, are cheaper per unit when bought in bulk — and inflation-proof your pantry.
You’re missing an easy savings win if you’re not stockpiling essentials when prices are low.
Want even more ways to stretch your dollars on everyday must-haves? Slash expenses on dining, travel, eyeglasses, prescriptions, and more with AARP — just $15/year with auto-renewal. Join now and save hundreds.
Start where you are — and stop repeating mistakes
Mark Cuban didn’t grow up rich. He built his fortune by avoiding debt, spending smart, and investing in himself. His rules are simple — but powerful.
Even if you’ve made financial mistakes, these strategies can help you fix them — and build a more secure future. The key is to start now and keep going.
Once you’re back on track, make sure your money works as hard as you do. If you have over $150,000 in savings, consider speaking with a vetted financial advisor. Zoe Financial is a free service that matches you with top professionals in your area.
Add a Comment