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Young and Profiting with Hala Taha  (Entrepreneurship, Sales, Marketing)

Daymond John: Learn to Earn, How The People's Shark is Raising a New Generation of Financially-Savvy People | Entrepreneurship | E216

Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)

YAP Media Network

Education, Marketing, Entrepreneurship, Business, Self-improvement

4.8 • 1.3K Ratings

🗓️ 27 March 2023

⏱️ 57 minutes

🧾️ Download transcript

Summary

Growing up in Queens, New York, Daymond John had big dreams and an early knack for entrepreneurship. He sold everything from pencils to reconditioned cars, and while working full-time at Red Lobster, he started his clothing brand FUBU. Because of the tenacity instilled in him by his mother, FUBU eventually became a multi-billion dollar global clothing and lifestyle brand. In this episode, Daymond will share his rags-to-riches story and the lessons he has learned as a seasoned investor on Shark Tank. Daymond will break down his latest book, Little Daymond Learns to Earn, a kid's book written to instill financial and entrepreneurial literacy in younger generations. Daymond will also share how we can instill hope in our youth! Daymond John is a New York Times bestselling author and the CEO and founder of FUBU, the $6 billion global lifestyle brand created to represent overlooked communities. He is also a star and original member of ABC’s four-time Emmy Award–winning TV show Shark Tank, where he invests and helps entrepreneurs grow their own businesses. In this episode, Hala and Daymond will discuss:  - Daymond’s early entrepreneurial itch - How Daymond’s side hustle became the global brand FUBU - Common Sense marketing tactics - What Daymond learned from Jay Abraham - Daymond’s mother’s influence on his life - Becoming a Shark on the hit show Shark Tank - Why most of America does not have financial literacy - How to teach financial intelligence to our kids - Daymond’s 3-dollar rule - Why kids need new national role models - How to take your parent hat off and think like a kid - And other topics… Daymond John was born with a passion for entrepreneurship. Daymond is CEO and founder of FUBU, the $6 billion global lifestyle brand created to represent overlooked communities. He is also a star and original member of ABC’s four-time Emmy Award–winning TV show Shark Tank, helping entrepreneurs and business owners grow their own businesses. His work as an entrepreneur has been recognized by Barack Obama who named him a Presidential Ambassador for Global Entrepreneurship, and he has won four Webby Awards for his work in creating, producing, and hosting Black Entrepreneurs Day.  He continues to work with a number of philanthropic organizations to educate and empower future generations, including My Brother’s Keeper, the Network for Teaching Entrepreneurship, and the NAACP, to name a few. Daymond is a New York Times bestselling author, and Little Daymond Learns to Earn is his first book for children. Of all of his accomplishments, Daymond is most proud of his role as a dad to his daughters. Win 15 minutes with Daymond John: Go to littledaymond.com, purchase your bundle, and enter code ‘YAP’ at checkout! Resources Mentioned: Daymond’s Website: https://daymondjohn.com/ Daymond’s LinkedIn: https://www.linkedin.com/in/daymondjohn/ Daymond’s Twitter: https://twitter.com/thesharkdaymond Daymond’s Instagram: https://www.instagram.com/thesharkdaymond/ Daymond’s Facebook: https://www.facebook.com/TheSharkDaymond/ Daymond’s Podcast Rise and Grind with Daymond John: Rise and Grind with Daymond John Daymond’s Book Little Daymond Learns to Earn: https://www.amazon.com/Little-Daymond-Learns-Earn-John/dp/0593567277 LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course. More About Young and Profiting Download Transcripts - youngandprofiting.com   Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala Learn more about YAP Media Agency Services - yapmedia.io/

Transcript

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0:00.0

I was three months later in the mortgage and I only delivered 20% of clothes and I was about to be

0:18.4

bankrupt and homeless lose my mother's house, and also

0:21.1

lose my business because I didn't have any financial intelligence. And it wasn't that I spent

0:25.3

money on lavish things. So as much as mom helped me and as great as she is, my lack of

0:30.3

financial intelligence, I was about to lose everything that she ever worked for.

0:36.7

Our school system is antiquated.

0:38.9

It is teaching our children right now how to go to shop.

0:42.5

It teaches us how to be good employees.

0:45.2

If you don't teach them financial intelligence to any way in how money works,

0:49.5

the colleges are lined up to give them and issue them $600,000 worth of student debt that they will not pay off until they're into their 50s.

0:58.7

I'm going to go and get this $500,000, $600,000 education that I don't even know if I need.

1:10.1

What is up young and profiteers?

1:13.3

You're listening to Yap, Young and Profiting podcast where we interview the brightest minds in the world

1:18.6

and unpack their wisdom into actionable advice that you can use in your daily life.

1:24.1

I'm your host, Halitaha.

1:25.7

Thanks for tuning in and get ready to listen, learn, and profit.

1:42.0

Damon, welcome to Young and Profiting Podcasts.

1:45.0

Thank you. Thanks for having me.

1:47.4

I'm very excited.

1:48.7

Yeah, fam.

1:49.2

It is a special day today on the podcast, and that's because today we have Damon John

1:53.0

on the show.

...

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