Shark Tank Star Daymond John: 5 Steps To Becoming a Millionaire

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2023-09-05 13:10:28  • 4 mins

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

Find Out: What To Do If You Owe Back Taxes to the IRS

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.

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