In today’s episode, Derrick Kinney interviews successful entrepreneur, investor and one of the sharks from the hit TV show Shark Tank, Daymond John, on how his successes and failures have taught him that financial intelligence is the key to business and personal success.
What You Will Learn:
● How Daymond shares about his false perception of money as a kid and how he didn’t start to really make money until it was a byproduct of doing something he was passionate about
● Money is a tool that can be used for good or for bad
● Daymond shares how early on he was almost homeless due to his lack of financial intelligence
● What the power of broke is and why it’s crucial to business success
● The 3 main things you need to be aware of if you are considering starting a business
● What it looks like to empower those around you for mutual success
● The 3 parts to the negotiation process
● Why it’s important to be selfish in a good way
● How giving is such an important factor in financial success
Inspirational Quotes:
● “Overnight success takes 15 years.” - Daymond John
● “Money is a tool..and if you know and have financial intelligence, and you know how it works then you are able to build things with that tool.” - Daymond John
● “Whether you’re making $30,000 a year or $30,000,000 a year, financial intelligence is crucial.” - Daymond John
● “Sometimes we halt negotiations halfway through because we internalize way more and we’re not thinking about the best interest of that person or we’re not asking the right questions.” - Daymond John
● “What can I do that’s in my control to make a positive difference?” - Derrick Kinney
Recommended Resources:
● Power Shift by Daymond John
● 5 Ways Your Resentment of Money is Ruining the World (free download)
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