What was it $70,000 or $80,000 or something like that, Stig? What I also liked about the story is his mother took out a loan against the house. Just to really kind of nurture him and turn him into a great person, which he obviously became. She had him involved in anything and everything that she could possibly have him involved and to keep him away from the drugs on the street. His mother did everything she could to make sure Daymond would succeed. He only lived with his mother, his father really wasn’t part of his childhood or upbringing. With all this going on, he wanted to be different and he found an enormous amount of inspiration from his mother. Just that difficulty in that struggle and he does a great job just kind of telling these stories at the beginning of the book. I think that it’s a very good inspiration for people that might have the same thing.Īnyway, so he’s growing up in Queens, and he talks about how drugs were such a driving force in the community, and how so many people fell victim to becoming a drug dealer in Queens. I like the fact that he’s so open about it, some people might try to hide that, but he’s very open about it. I don’t remember which one it was but he also talked about how immigrants were also, I think are twice as likely to start up their own company because if you have dyslexia, you might have no other choice than to create your own path instead of following other people’s paths. In fact, what did he say? Was it three out of the five sharks on Shark Tank have dyslexia? But in this book, he talks a lot about this idea and I found that quite fascinating. Maybe you have dyslexia, and you’re listening to this, and maybe you’re an entrepreneur, and maybe you didn’t know that. What else I found really interesting in this book, and I didn’t know this, is that a lot of people with dyslexia are entrepreneurs. He always had this drive to make his way and basically create wealth for himself. So he found his outlet to prove himself through being an entrepreneur. He had trouble reading and all the stuff that goes along with it.
He talks a lot about this in the book and how growing up as a dyslexic child, he always felt like he wasn’t smart when he was around his friends. As a young kid, he was always fairly enterprising and what’s interesting about Daymond is he’s dyslexic. Oh, the poor guy.ĭaymond was born in Brooklyn back in 1969, but he grew up in Queens.
So we think that this is going to be a good discussion. His net worth is around $250 million, but we like him. Just so people know he’s not a billionaire. What we’ll do here to start off is we’re just going to tell the story of Daymond John and how he got his background, how he created his brand and created his money. You can use it to your advantage or disadvantage if you do have. Yeah, I really liked it, even though it might not be better to have no money than to have money. I’m curious, Stig, did you like it as much as I liked it? That’s the thing I liked about this book so much. I wasn’t expecting him to have such input into this book, but you can tell when you read it that he had a lot of input and it is such good advice. I guess maybe that’s why I didn’t have very high expectations.
The power of broke pdf tv#
I’m not saying I didn’t have high expectations for it, but a lot of the times when you get a guy like Daymond who is a very big public figure at this point, he’s on TV all the time, they get ghost writers to kind of bang out a book. Like we said in the introduction, we’re going to be covering a Daymond John’s book, “The Power of Broke.” I personally really like this book. We keep you informed and prepared for the unexpected. You are listening to The Investor’s Podcast where we study the financial markets and read the books that influenced self-made billionaires the most. So without further delay, here are our thoughts on Daymond John’s exceptional book, “The Power of Broke.” However, the part of the book that we liked the best was his guidance and recommendations for people that are starting their own business. The book provides some great insights into Daymond’s life before Fubu and how he created the business. After looking through various book recommendations from our audience, we kept getting a similar recommendation with John’s book, “The Power of Broke.” He later became a celebrity figure on ABC’s Shark Tank. John rose to business stardom after creating the global clothing line Fubu. On today’s show, we read a book written by a very popular entrepreneur, Daymond John. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences. Disclaimer: The transcript that follows has been generated using artificial intelligence.
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