Five things about money you should know

1. Do it broke

Daymond John is a tenacious American entrepreneur who, on a shoestring budget, created the urban streetwear brand FUBU, now worth $6 million. Daymond’s journey to success was filled with various roadblocks and false starts- from losing the first $800 dollars he ever made to pay for car repairs after an accident, losing another $16,000 after throwing a poorly attended party, to sinking almost $100,000 into a makeshift factory in the company’s early days. He learnt that sometimes, your best work comes when you’re pushed against the wall.