NEXT CHAPTER: 'Shark Tank' star shares his 'most exciting' investment yet.
"Think about it, no financial intelligence is taught to these kids, and at 18 years old, they can get $750,000 worth of debt for a career they're not even sure they want, and they won't pay that off until they're late into their fifties or even sixties, or maybe never," John explained.
"Shark Tank" investor and"Little Daymond Learns to Earn" author Daymond John said he wants to leave a financial literacy legacy on"The Claman Countdown" Tuesday, March 21, 2023., according to his agency The Shark Group, John claimed his kids' book strays from the industrial "old system" of work and promotes creating careers for ourselves.
The "Shark Tank" star also gave a big takeaway for parents, encouraging them to contribute to their children’s future successfrom their favorite companies or brands, as opposed to the physical or material products. "Here’s what I would do for my grandson: he loves Tonka trucks," John pointed out. "I buy him a little Caterpillar truck, I buy him a share in Caterpillar at the same time. I then take a picture next to him with the Caterpillar truck and the share, and later on, six or seven years later, I do that with Disney and everything else... all his toys, he realized, are worth crap. His stock's over $20,000.
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