353- What Rich People Teach Their Kids About Money with Daymond John

The Marie Forleo Podcast

Marie Forleo

Education, Self-improvement

4.7 • 1.7K Ratings

🗓️ 4 April 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want to raise kids who are money-smart and successful? Then listen up, because this is definitely not taught in schools. Daymond John, bestselling author, entrepreneur, and Shark Tank investor shares a proven 3-step money plan even a 6-year-old can understand. Get ready to set yourself and your kids up for financial freedom.

Transcript

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0:00.0	We are at a different time in age right now where the data shows that 50% of kids today graduating
0:07.4	will retire with a job title that doesn't exist today, right? So that means that
0:12.8	no financial intelligence, you get to 17, 18 years old, you acquire $700,000 worth of debt for
0:18.8	a career you don't even know you want. Hey, it's Marie Forleo and welcome to another episode of
0:26.3	The Marie Forleo Podcast and MarieTV, the place to be to create a business in life you love. So,
0:31.9	I get a text from my friend, Damon John, a few months ago telling me about this amazing project
0:38.2	that he was working on, all about financial literacy. You guys know how much I love money?
0:42.6	This got me really excited. Then he told me it was all about the new children's book,
0:47.5	designed to help kids and their parents talk about money, get better with money, and have a healthier
0:53.3	relationship with money. And I was like, you got to come on the show.
0:57.2	Damon John is the CEO and founder of Fubu. He's also a star on ABC's Emmy award-winning TV show
1:04.5	Shark Tank. Damon served under President Barack Obama as a presidential ambassador for global
1:09.9	entrepreneurship and works with my brother's keeper, Network for Teaching Entrepreneurship,
1:14.6	and the NAACP to advocate and empower future generations. Damon is a New York Times best-selling
1:22.0	author. And his first children's book, Little Damon Learns to Earn, is available wherever books are sold.
1:28.0	Oh my goodness, Damon! Look, look, look, look, look, look, look, little Damon learns to earn. I
1:34.0	had so much fun reading this. You read the book. I know you did because you, oh my god, you
1:40.2	you thank you. Thank you. It's amazing. So, I am so thrilled to have you back on the show. And in
1:45.4	the intro, I was saying, when I got the text from you and Ted, and I was like, wait, what is this
1:49.2	project? I'm like, we have to talk about this. This is why I wanted to have you on. First of all,
1:54.4	money is one of my favorite topics ever. Yes. Money influences every single part of our lives,
1:59.0	which is so important that we talk about it not only as adults, but with our kids.
	...

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