"Problems just get bigger"- Shark Tank's Robert Herjavec comments on whether success makes all the challenges disappear

Shark Tank investor Robert Herjavec doesn't believe that people's problems go away as they get wealthier. In a November 14 YouTube video on his channel, Robert recounted a memorable incident while delivering a speech.

During the event, he said that someone approached him and confided that if only they were successful and wealthy, their life would be easier, and all their problems would vanish. The Shark Tank star found it eye-opening how many people view money and success as the ultimate solution to their struggles.

Reflecting on the incident, Robert explained that people have a misconception of success that the more they get, the easier their life becomes. However, he shared that he believed the opposite and that the "problems just get bigger" with success.

"People have this misconception of success; that it's finite. That there's this magic door you walk through and it says success on the door, and once you walk through that door, it's all unicorns and puppy dogs and lollipops. Guess what? The problems just get bigger" he said.

Robert further emphasized that if someone isn’t happy “today with nothing, striving, and working hard,” they won’t find happiness with “lots of money” either. He explained that happiness isn’t tied to a specific goal but rather reflects who a person truly is.

The Shark Tank investor concluded that great wealth merely amplifies the qualities and character of who someone already is in the present.

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"So embarrassing to pay it off" - Shark Tank investor Robert Herjavec's biggest mistake with money

In a November 14 YouTube video titled 20 Questions Billionaires Get Asked Every Day, Shark Tank star Robert Herjavec further talked about his biggest mistake with money.

Robert explained that money is hard to make and that people should be extra careful with their mistakes that involve money.

"Money's hard and you could make lots of mistakes with money. The thing I've learned over time is you want to be very careful with mistakes you make with money because once you spend a dollar, it's gone, it ain't coming back," he said.

Offering an example, the Shark Tank investor shared a money-related incident from his own life which caused him a lot of embarrassment.

One of the biggest mistakes he made was when I was in his 20s and he invested in stock because his godfather told him that it was "gonna go through the roof" and that they could make a "ton of money on it".

Robert shared that, at the time, he knew nothing about the stock market and had no understanding of what the company did. He invested in the stock purely because he saw it as a quick way to make easy money.

"I knew nothing about the stock market, I knew nothing about the stock, I didn't know what the company did. You know what I saw? I didn't see a stock I saw easy money," the Shark Tank investor recalled.

He invested $2,500 in the stock, with half of it borrowed from his credit card. Eventually, the company collapsed, and the value of the stock plummeted from $2,500 to just $200.

Robert added that since he had bought the stock on margin, he had to borrow money from his parents to cover the loss. He admitted feeling deeply embarrassed about having to pay them back.

"The biggest mistake I've ever made, that you should make Don't chase easy money because there's no such thing," he concluded.

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Shark Tank season 16 episodes air every Friday on ABC.