Shark Tank Star Daymond John: 5 Steps To Becoming a Millionaire
Daymond John has an estimated net worth of $350 million but thats not what earned him a place on the GOBankingRates 100 Most Influential Money Experts list.
A self-made man, John turned a $40 budget into FUBU, a fashion juggernaut worth $6 billion. He leveraged his business success as a springboard to fame and now enjoys the spotlight as a Shark Tank shark, motivational speaker and New York Times bestselling author.
See: 6 Steps To Take To Become a Millionaire by 30
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If anyone has advice worth listening to about how to make it rich, its Daymond John. Luckily for aspiring millionaires, hes outlined a five-step process for joining the two-comma club.
1. Set Goals but Let Them Evolve
Like so many ambitious teenagers, Daymond John dreamed of being rich, and at 16 he set a goal to become a millionaire by 30.
At 22, he found himself buying and selling cars to scrape by. He still had two numbers in his mind $1 million and 30 years old but they were just abstract ideas.