I'm ashamed of what has happened to Canada. And I'm not leaving a $1.5 trillion deficit to my kids. No chance in hell is that happening.

So much of life is a negotiation - so even if you're not in business, you have opportunities to practice all around you.

Nobody forces you to work at Wal-Mart. Start your own business! Sell something to Wal-Mart!

When I turned 50, something clicked in my head and I said, 'I'm not going to live to 100. I'm half-cooked already.' I set the family down and I said, 'Listen everybody, we're now entering the decade of Daddy. We're going to start doing things that I want to do.

When you come to 'Shark Tank,' the only person you should listen to is me, because you know you're getting the truth. I'll decide if it's worth it, and after I'm finished, the rest of the people can look into it.

Imagine how foolish you'd look if, like one clever salesman who once pitched to me, you tried to license your product to a big industry player without knowing they just launched a competing product. With the right background research, he could have avoided that and other landmines - and so can you.

The practical reality of managing cars in the family - I do 36-month leases. I think they're horrible investments. And you want to give them back after their warranty is over.