Daymond John’s Tip for Success: ‘It’s not your day job that’ll make you rich, it’ll be your homework’

Daymond John is well-known as the founder of the FUBU clothing company and his role as one of the Sharks on ABC’s Shark Tank. Before tailored suits and fine fashion became a regular part of his life, John was all about the hustle.

“A lot of people believe you’re supposed to quit your day job, but no,” says John, who worked at Red Lobster locations in Baldwin and Green Acres on Long Island for several years. “If I were to just quit my job, I would have needed about $250 thousand over the course of that six-seven years to do that.”

John maximized the assets at his disposal, sleeping just three to four hours per night while taking home $30-$40 thousand a year — with insurance and all the shrimp he could eat — while working on FUBU at night. During that time, he quickly learned an important piece of knowledge: “It’s all about balance and slowly investing … it’s not your day job that’ll make you rich, it’ll be your homework.

Listen to Scott Shannon’s full interview with Daymond John below.

 

The season finale of Shark Tank airs Friday night (May 12) at 9pm on ABC.

 

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