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close video Daymond John’s ‘Little Daymond Learns to Earn’ teaches kids financial intelligence

The Shark Group CEO Daymond John discusses the SVB collapse and the launch of his new children’s book on ‘The Claman Countdown.’

After finding self-made success at a young age with his clothing and lifestyle brand, then building influence as an entrepreneur and mentor, "Shark Tank" investor and FUBU founder Daymond John decided he wants to leave behind a learn-to-earn "legacy" for America’s future leaders.

In order to do that, John said on "The Claman Countdown" Tuesday he’s embarked on his "most exciting" investment yet, writing a children’s guide to financial literacy and explaining monetary concepts at their most basic levels.

"I'm about to teach children magic," John told host Liz Claman. "I'm going to teach them how to get out of their parent's house at 18 years old. I'm going to teach them how to make $1 into $3. I'm going to teach them how to make their money work for them… there's no book like this in schools at all."

Growing up, not many picture books told stories of how to start your own business or become a successful entrepreneur and innovator – but John expressed he’s trying to change that.

‘SHARK TANK' STAR KEVIN O'LEARY DESTROYS ‘REALLY BAD POLICY’ IN DEMOCRAT-RUN STATES

"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. (Getty Images)

While overseeing more than $6 billion in various product sales worldwide and previously writing five best-selling books, 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 success by gifting stocks from 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." close video Small businesses could be saved through collaboration: Daymond John

Congress should provide numerous benefits for small businesses

Another investment option into your kids’ future, John suggested, is by reading the new book with them while "their minds are sponges."

He then went a step further to discuss how America got itself into monumental debt "because we are not teaching our kids."

“I’m going to teach them how to get out of their parents house at 18 years old. I’m going to teach them how to make $1 into $3. I’m going to teach them how to make their money work for them there’s no book like this in schools at all.” – Daymond John, FUBU founder and Shark Group CEO

"This is going to be my legacy because I want all of celebrities, all of the financial institutions because it's not a scam, I want them all to say, I want my kids to say: my daddy started a conversation where it became popular or the trend to create books for little children who aren't like us or tainted with what to do in life," John said.

"I want everybody who's watching this to compete with me, top me, and make sure we have all these kids of ours, our future, they start to understand how to process money," he continued.

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Tripp Phillips, who got his start on ‘Shark Tank’ at 11-years-old, gives an update on the success of his company LeGlue.

Parents can’t give their kids everything, John noted while quoting Claman’s late father, but they can help them overcome some of life’s most common challenges.

"Look at the Fords, the Carnegies and the Mellons, none of their kids own any of the Teslas and the Instagrams of the world, why? First generation makes it, second enjoys it, third destroys it," the investor said. "So if you don't have any kind of financial intelligence, I don't care who you are, if you're getting trust fund money, you're done."

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UK restores diplomatic ties with Syria

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UK restores diplomatic ties with Syria

The UK has re-established diplomatic ties with Syria, David Lammy has said, as he made the first visit to the country by a British minister for 14 years.

The foreign secretary visited Damascus and met with interim president Ahmed al Sharaa, also the leader of the rebel group Hayat Tahrir al-Sham (HTS), and foreign minister Asaad al Shaibani.

It marks the latest diplomatic move since Bashar al Assad’s regime was toppled by rebel groups led by HTS in December.

In a statement, Mr Lammy said a “stable Syria is in the UK’s interests” and added: “I’ve seen first-hand the remarkable progress Syrians have made in rebuilding their lives and their country.

“After over a decade of conflict, there is renewed hope for the Syrian people.

“The UK is re-establishing diplomatic relations because it is in our interests to support the new government to deliver their commitment to build a stable, more secure and prosperous future for all Syrians.”

Foreign Secretary David Lammy shakes hands with Syrian interim president Ahmed al-Sharaa in Damascus. Pic: X / @DavidLammy
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Foreign Secretary David Lammy with Syria’s interim president Ahmed al Sharaa in Damascus. Pic: X / @DavidLammy

The Foreign, Commonwealth and Development Office has also announced a £94.5m support package for urgent humanitarian aid and to support the country’s long-term recovery, after a number of British sanctions against the country were lifted in April.

While HTS is still classified as a proscribed terror group, Sir Keir Starmer said last year that it could be removed from the list.

The Syrian president’s office also said on Saturday that the president and Mr Lammy discussed co-operation, as well as the latest developments in the Middle East.

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Since Assad fled Syria in December, a transitional government headed by Mr al Sharaa was announced in March and a number of western countries have restored ties.

In May, US President Donald Trump said the United States would lift long-standing sanctions on Syria and normalise relations during a speech at the US-Saudi investment conference.

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From May: Trump says US will end sanctions for Syria

He said he wanted to give the country “a chance at peace” and added: “There is a new government that will hopefully succeed.

“I say good luck, Syria. Show us something special.”

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Defiance in Tehran as Khamenei makes appearance

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Defiance in Tehran as Khamenei makes appearance

They rose to their feet in ecstatic surprise, shouting “heydar, heydar” – a Shia victory chant.

This was the first public appearance of their supreme leader since Israel began attacking their country.

He emerged during evening prayers in his private compound. He said nothing but looked stern and resolute as he waved to the crowd.

He has spent the last weeks sequestered in a bunker, it is assumed, for his safety following numerous death threats from Israel and the US.

His re-emergence suggests a return to normality and a sense of defiance that we have witnessed here on the streets of Tehran too.

Earlier, we had filmed as men in black marched through the streets of the capital to the sound of mournful chants and the slow beat of drums, whipping their backs with metal flails.

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Defiance on streets of Tehran

This weekend they mark the Shia festival of Ashura as they have for 14 centuries. But this year has poignant significance for Iranians far more than most.

The devout remember the betrayal and death of Imam Hussein as if it happened yesterday. We filmed men and women weeping as they worshipped at the Imamzadeh Saleh Shrine in northern Tehran.

The armies of the Caliph Yazid killed the grandson of the Prophet Muhammad in the seventh-century Battle of Karbala.

Shiite Muslims mark the anniversary every year and reflect on the virtue it celebrates, of resistance against oppression and injustice.

But more so than ever in the wake of Israel and America’s attacks on their country.

The story is one of prevailing over adversity and deception. A sense of betrayal is keenly felt here among people and officials.

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Many Iranians believe they were lured into pursuing diplomacy as part of a ruse by the US.

Iran believed it was making diplomatic progress in talks with America it hoped could lead to a deal. Then Israel launched its attacks and, instead of condemning them, the US joined in.

Death to Israel chants resounded outside the mosque in skies which were filled for 12 days with the sounds of Israeli jets. There is a renewed sense of defiance here.

One man told us: “The lesson to be learned from Hussein is not to give in to oppression even if it is the most powerful force in the world.”

A woman was dismissive about the US president. “I don’t think about Trump, nobody likes him. He always wants to attack too many countries.”

Pictures on billboards nearby draw a line between Imam Hussein’s story and current events. The seventh-century imam on horseback alongside images of modern missiles and drones from the present day.

Other huge signs remember the dead. Iran says almost 1,000 people were killed in the strikes, many of them women and children.

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Officially Iran is projecting defiance but not closing the door to diplomacy.

Government spokeswoman Dr Fatemeh Mohajerani told Sky News that Israel should not even think about attacking again.

“We are very strong in defence and as state officials have announced, this time Israel will receive an even stronger response compared to previous times,” she said.

“We hope that Israel will not make such a mistake.”

But there is also a hint of conciliation: Senior Iranian officials have told Sky News that back-channel efforts are under way to explore new talks with the US.

Israel had hoped its attacks could topple the Iranian leadership. That proved unfounded, the government is in control here.

For many Iranians, it seems quite the opposite happened – the 12-day war has brought them closer together.

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Secret Service seizes $400M in crypto, cold wallet among world’s largest

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Secret Service seizes 0M in crypto, cold wallet among world’s largest

Secret Service seizes 0M in crypto, cold wallet among world’s largest

Secret Service quietly amasses one of the world’s largest crypto cold wallets with $400 million seized, exposing scams through blockchain sleuthing and VPN missteps.

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