Daymond John lives by the mantra “rise and grind.” He even wrote a book titled, Rise and Grind: Outperform, Outwork, and Outhustle Your Way to a More Successful and Rewarding Life (Currency, 2018). However the Shark Tank investor wasn’t born with a relentless work ethic–he realized it from watching his mom. Even when juggling three jobs, Margot John at all times made time to maintain her son motivated. To this day, she continues to be his No. 1 inspiration. –As told to Graham Winfrey
Nearly each side hustle my mom did I ended up doing later in life. When I was a child, we’d go to the train station in her big Cadillac Eldorado and take people from the subway to the bus for 50 cents apiece. In a while, I had a rideshare enterprise. Because we did not have a lot cash, my mom would sew my clothes. She taught me to stitch when I was 10, and 10 years later I sewed a few hats, stood on the corner, and began an organization known as FUBU. There were many things I saw my mom do that I’d end up emulating, not realizing that she was giving me my first entryway into these businesses.
I can think way back to being a younger, dyslexic child and her saying to me, “Do me a favor. While I’m cooking, I want you to read me the Wall Street Journal.” I must have read hundreds of hours of the Wall Street Journal to my mom at 11 or 12 years old, not realizing how finance could be a major a part of my life as I grew up and became an investor.
As Covid-19 was unfolding she was the same mother, saying, “Where is there opportunity? What do you have to do with your current inventory?” I couldn’t simply say I was going to call all my companies. She’d say “What are you doing internally? How are you educating yourself right now?”
She is a constant learner and at all times seeks info. She by no means settled for something, so it was a constant education.