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.
GET FOX BUSINESS ON THE GO BY CLICKING HERE close video LeGlue inventor Tripp Phillips finds small business success after ‘Shark Tank’
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."
We got to ride a pre-production model of a striking new e-bike/e-moped, the Owlet One, with lots of power in a small package.
We first met Owlet at Electrify Expo in Long Beach, CA, where we only had a couple minutes on its bike. But since the company is headquartered nearby in Los Angeles, they emailed us asking if we’d like a longer test ride, and delivered a bike to us for to spend a few hours on this time.
Just to set the stage for this ride: Owlet is a new brand, preparing to ship its first bike. So to start off, we rode a prototype, not the finished version. This means it may come with different features, and we’re not entirely sure when it will ship, either.
The first thing to notice about the Owlet One is its design, which certainly stands out immediately. The bike is made of aviation-grade aluminum, though is still quite hefty, tipping the scales at 84 lbs (but it felt even heavier in our hands).
On top of Owlet’s striking design, the bike is also somewhat of a unique shape and size. Despite offering a format that looks similar to an e-bike at first glance, it rides more like a small moped. This actually puts its 84lb weight into a different perspective – rather than being heavy for a bike, it can be thought of as light for a moped.
But photographs can’t encapsulate everything about the design of the Owlet, because it has one totally unique feature: an adjustable wheelbase.
This can be done by one person in under a minute, though requires a socket wrench and a small amount of elbow grease.
In practice, I found that the adjustable wheelbase probably won’t come up much for riding purposes. The longest wheelbase (or close to it) was the most comfortable and stable to me, and shorter wheelbases were a bit more of a novelty, especially on this powerful bike which can get a little squirrelly on the shorter settings.
Another issue is that it changes the angle of the kickstand, which means you can’t really use the kickstand outside of a narrow wheelbase range. The final bike will supposedly have a different kickstand design, but this will likely be an issue regardless of how it’s redesigned.
But it was good for making the bike small enough to fit into places you might not normally be able to fit a moped-style bike. Between its narrow handlebars and shrunk down to its smallest 44-inch-long setting, it fit into the back of both a Tesla Model Y and an Audi A3 wagon (both with seats down), but not quite into a Model 3 – which I’ve fit multiple normal-sized bikes into the back of, though with the front wheel removed. Though its hefty weight does mean it can be awkward to lift the bike in there in the first place.
And it’s got more power than you’d expect out of most e-bikes too. With a 750W motor (3000W peak), there’s plenty of get up and go, and plenty to keep you going even as you reach closer to its 30mph top speed. This top speed can be lowered through the bike’s computer, to fit your local regulations.
Speaking of regulations, the bike is officially categorized as a motorized scooter, rather than an actual e-bike, as it doesn’t have pedals. It’s in a similar category to electric kick scooters, so you need to have any class of driver’s license to ride it, though it can be used either on or off public roads (but check your area’s regulations for sidewalk use, helmet requirements, and so on).
The shrouding on the front fork does restrict turning radius, but only when walking the bike in tight corners
The throttle we tested was a thumb throttle, though we would have preferred a twist throttle. The thumb throttle is just too twitchy, and on a bike with such peaky acceleration, it could get jumpy. This was especially true with shorter wheelbase settings. Owlet says there will be an option for a twist throttle when the bike ships, but we’d also like to see the software moderate acceleration on the very low end even with the thumb throttle.
And the bike is fully throttle-driven – there are no pedals, only pegs. Owlet plans to offer an option for pegs attached to the front to allow a different, more laid-back seating position.
The motor, kickstand and pegs. This is the final wheel design, rather than the traditional spoked design in Owlet’s press photos above
I tested the bike with a few accessories I had laying around, but because of the Owlet’s unique design, not all of them would fit (the handlebar cupholder seen in some of my photos doesn’t come with the bike, for example, which has no bottle cage mount). You’ll probably want a backpack if you’re planning to carry things on this bike, rather than saddlebags or the like.
The bike’s owl-like headlights fit well with the brand name. The charging outlet is in the “beak”
Owlet says the bike’s 1500Wh battery (made with 2170-format cells) can take you around 40-60 miles, and comes with a 350W charger for a ~5 hour charge. Based on our test ride, we think this range is reasonable or perhaps even conservative – but I’m also a pretty lightweight rider at 155lbs, and always remember that e-bike ranges vary widely depending on terrain and rider.
The seat has a very cool look to it and is comfortable to sit on, partially due to integrated seat suspension. The front fork also has 3.5 inches of suspension travel. I’d have liked for both suspensions to be a little looser, but that is again likely due to my relatively light weight.
All of this comes with a caveat: we rode a prototype here, not a final bike. So the bike was missing some final features, some features weren’t working (like the headlight), and so on. Owlet says that specifically the LCD and foot stands will be changed, but we imagine other tweaks are possible (we hope one of the LCD changes makes it easier to read with polarized sunglasses – it was a bit tough, which is true of many, but not all, bike computer screens).
Owlet also has plans for a future bike, the Owlet 2, which is more solidly in the moped category, with a less wild design and higher range and top speed. Owlet shared an early prototype fact sheet with us, but given the One is already a bit of a ways out from delivery, don’t hold your breath for the 2 yet.
In short, the Owlet is a fun, quirky ride with a very design-forward ethos. If you’re looking for a bike that doesn’t look like any other, it could be worth looking into. Though it’s definitely on the unorthodox side and you have to be willing to accept its eccentricities when compared to more conventional two-wheeled devices.
The company is taking $50 refundable deposits for its bike, which it has said it wants to ship around March – but it also says that it’s waiting for a minimum batch quantity of preorders first, and that shipments would take 3-6 months after that, so we imagine March could be optimistic. If you want to get in line, you can reserve one here.
The bike will cost $3,995, though early reservers can get it for $2,995, along with an engraved serial number and a 1 year warranty/service package. Owlet wants to have service locations around LA and possibly one in New York, to begin with. It will distribute the bikes by shipping them directly to customers.
If you’re an e-bike/motorcycle/scooter owner, charge them up at home with rooftop solar panels. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing on solar, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. – ad*
FTC: We use income earning auto affiliate links.More.
CMC North America’s new, electric 65L tracked aerial lift is perfect for working indoors, lifting two workers and 500 lbs. of material to heights of over 65 feet – previously unheard of reach for a unit this size.
Officially capable of lifting a maximum weight of 507 lbs. to a maximum working height of 65 feet (hence, 65L) and maximum lateral reach of 34 feet, CMC says its new 65L is an ideal solution for both indoor and outdoor maintenance crews.
To deliver on that promise, CMC says operators can leverage fully 90 degrees of rotation for its two-man basket, as well as 180 degrees of turret rotation. Articulation that, when combined with the 65L’s narrow track that lets it go through a 36″ man door, will enable operators to access even the trickiest work areas.
The new 65L lift is also relatively light weight. Coming in at “just” 6,569 lbs., CMC says its 65L can safely operate on delicate flooring surfaces such as finished hardwood, tile, or marble – making it ideal for work within museums, schools, or shopping centers. The company also says the remarkably low PSI exerted by the 65L also reduces potential damage to landscaping or other ground surfaces when compared to heavier options.
A murder investigation has been launched after a woman’s body was found in the boot of a car in east London.
Detectives said a murder inquiry has been launched into the “suspicious” discovery in Ilford.
The woman, who has not been named but is from Corby in Northamptonshire, may have been the victim of a “targeted incident”, police say.
“Fast track” enquiries were made after the force was contacted by a member of the public with concerns about the welfare of the woman.
This led to the discovery of a body inside a car boot.
Northamptonshire Police said: “The investigation is ongoing and there will be continued police activity over the weekend in various locations, including Corby and Ilford.
“Although we believe that this was a targeted incident and there is no wider risk to members of the public, extra patrols will be taking place in Corby in the coming days for reassurance purposes.”
Detectives from the East Midlands Special Operations Unit major crime team and the Metropolitan Police are working on the case, to try and establish the circumstances that led to the woman’s death.