YAPClassic: How Daymond John is Empowering The Next Generation Through Financial Literacy | #BlackEntrepreneurs

Young and Profiting with Hala Taha

YAP Media Network | Hala Taha

Entrepreneurship, Business, Marketing

4.8 • 1.5K Ratings

🗓️ 23 February 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

When Daymond John was 10 years old, his parents got divorced. His father left and Daymond never heard from him again. As a result, Daymond had to find scrappy ways to make money so he and his mom could put food on the table. Over the years, Daymond has found other creative ways to solve problems and generate profit, which is how he built a $6 billion clothing brand. In this episode of YAPClassic, the People’s Shark will unpack how he built FUBU and why he’s focusing on empowering the next generation through financial literacy. This episode is part of a special YAP series honoring Black History Month called #BlackEntrepreneurs. 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 - 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 - 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. 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. Free Webinar, Crush Your Sales Goals in 2024: Sign up for Hala's free Pipedrive webinar on February 28th at https://youngandprofiting.co/Sales Help Save Palestinian Lives: Donate money for food, medical supplies, and shelter for the people of Gaza at https://givebutter.com/savegaza LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course. 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 Book Little Daymond Learns to Earn: https://www.amazon.com/Little-Daymond-Learns-Earn-John/dp/0593567277 Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Indeed - Get a $75 job credit at indeed.com/profiting Economist Education - Get 15% off any course at education.economist.com/PROFITING and use code PROFITING Airbnb - Your home might be worth more than you think. Find out how much at airbnb.com/host 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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's episode is sponsored in part by Shopify Indeed, Economist Education, and AirB&B. Shopify
0:07.6	selling online so you can focus on successfully growing your business. Sign up for $1 per month trial period at Shopify.com
0:15.2	slash profiting.
0:16.7	Indeed is the hiring platform where you can attract interview and hire all in one
0:21.0	place. Start hiring now with a $75 sponsored job credit at indeed.com
0:26.2	slash profiting. Looking to sharpen your business skills with courses tailor-made for
0:30.9	executives and professionals, then check out economist education.
0:35.3	Get 15% off any course, only available at education. economist.com slash profiting.
0:41.0	Enter promo code profiting at registration. If you want to generate
0:44.4	extra income and have space to share, you should definitely check out AirB&B.
0:49.1	Your home might be worth more than you think. Find out how much at Airbnb.com
0:53.7	slash host. As always you can find all of our incredible deals in the show
0:57.6	notes. What is going on young and profitors? And you know what? This concept of young and
1:17.9	profitors has been on my mind because I had a lovely listener reach out to me on LinkedIn and she said
1:25.1	hala I'd love listening to your show I listen to it all the time and I always laugh
1:30.7	a little because when I hear the name Young and Profitors I think I'm more like middle age and profiting and I told her no way
1:39.6	That is not how you should be thinking when When I say young improfitors, I mean young at heart.
1:46.2	I mean you're never too old to learn something new.
1:49.4	I mean that as long as you learn you stay young and by the way we're always going to be as
1:55.2	young as we ever will be today. We are always young and profiting as long as we're
2:00.9	learning and so whenever I say young and profitors
2:04.0	know that I'm speaking to everybody of all ages.
	...

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