Redefining Success W/ Daymond John l GaryVee Audio Experience

Saving

Gary and Daymond highlight the lost art of saving money and the dangers of living in debt. Gary reminisces about a time when saving was a common practice, contrasting it with today's culture of zero savings and full debt 1. Daymond shares a personal story about the financial wisdom he gained from his experiences with FUBU, emphasizing the importance of living within one's means and making prudent investments 2.

When I really thought about it, the five people that saw me in first class going to LA, and the five people that saw me coming back, I got them maybe 2 hours later. But you know what? It was a difference of $60,000.

--- Daymond John

They both stress the need for financial intelligence and ownership in today's economy.

   

Education

Daymond and Gary discuss the critical role of financial education for children. Daymond explains his approach to teaching kids about money management, emphasizing the importance of understanding needs versus wants and the value of investments 3. Gary supports this by highlighting the need to redefine success for younger generations, focusing on happiness and contentment over material wealth 3.

Teach kids that at five to six to seven years old, they will start off with the fundamentals on what to use with financial.

--- Daymond John

Daymond's mission is to instill financial intelligence in children, aiming to break the cycle of poor financial decisions perpetuated by the current education system 4.