Business is fundamentally about creating value by solving a problem. Anybody with a great idea, regardless of their circumstances, has the potential to turn that idea into success with hard work and determination. Unfortunately, our school system clearly hasn’t prepared our kids, or us, to manage our money.
Today’s guest, Daymond John, is best known as ‘The People’s Shark’ on ABC’s Shark Tank, but now he’s tackling financial education head-on with his children’s book, Little Daymond Learns to Earn, teaching kids the basics of money and starting their own businesses. He has a true passion for teaching kids about finance, entrepreneurship, and the value of hard work. Daymond is also the CEO and founder of FUBU, a $6 billion fashion brand he started with only $40 and a van.
This episode of Dad Saves America was produced with the support of the Arthur N. Rupe Foundation.
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Outline:
[0:00] Intro
[1:19] Daymond’s first business
[7:47] Mastering the sales pitch
[10:38] Growing up with a great mom and no dad
[12:48] Raising kids is punishing but fulfilling
[15:58] Make space for your partner’s strengths
[18:43] Put your values into practice
[26:00] Talk about money with your kids
[31:22] Money is necessary, but it’s not the point
[37:34] Everything needs to be earned
[43:54] Daymond is the American Dream
[46:01] Outro
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Watch the video version on YouTube: https://youtu.be/8zhzTydiVnk
Make a tax-deductible donation to Dad Saves America: ⁠⁠⁠⁠https://secure.anedot.com/emergent-order-foundation/dad-website?⁠⁠⁠⁠
Visit our website: ⁠⁠⁠⁠https://www.dadsavesamerica.com/⁠⁠⁠⁠
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Dad Saves America is a channel dedicated to celebrating heroic fatherhood while teaching the next generation of fathers strategies they can utilize in parenting their children. We believe strong children come from a strong family. We’ve had many experts in the studio, including Jonathan Haidt, Dr. Drew Pinsky, Troy Kotsur, John Mackey, Ben Askren, and Adam Carolla.