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Just watched an interview with Daymond John and honestly, one thing he said stuck with me. The guy went from a $40 budget with FUBU to building a $6 billion fashion brand, and now he's worth $350 million. But what really caught my attention wasn't the success story—it was what he said about the worst business advice he ever got.
He basically said the worst advice was an attitude. Someone told him it didn't matter if you burned through relationships or people because, well, they had money to lose anyway. Daymond John straight up rejected that. He was like, when you discard people, that's horrible. And I think he's onto something there. A lot of hustlers get caught up in the grind and forget that people matter more than quick wins.
But here's the real issue Daymond John keeps bringing up: financial intelligence. He admitted he almost went bankrupt three times—twice when he had nothing, once when he actually had money. Why? Because nobody taught him how to manage finances. He grew up without that generational wealth knowledge, without access to real financial education.
What blew my mind is his point about athletes and lottery winners. About 65% go broke within three years of leaving the league or winning big. People judge them like they're idiots, but Daymond John doesn't see it that way. These are people who competed against millions, reached the absolute top of their field, but nobody ever taught them financial intelligence. They didn't know what they didn't know.
That's why he's now pushing 'Little Daymond Learns to Earn'—trying to get financial education into schools. He wants to change how we teach kids about money management, working with celebrities, banks, and school systems to make it happen in different cities.
It's a different angle from the typical Shark Tank narrative, but it makes sense. Success isn't just about making money. It's about understanding how to keep it, how to respect the people around you, and how to pass that knowledge forward. Daymond John gets that, and that's probably why he's stayed relevant for so long.