One of my business partners would remind me that no fashion line lasts forever, that we would hit the down curve eventually, and that we needed to look for new brands that complement the first one.
Daymond JohnRead
My mother said, "Money is a great slave but a horrible master." It was her version of a French proverb.
Interpretation
Money can be useful if controlled wisely, but it can lead to problems if it controls you.
This quote emphasizes the importance of maintaining a healthy relationship with money. It suggests that while money can serve us well and provide for our needs when we control it, letting it dictate our lives and decisions can lead to discontent and imbalance.
In practice
Discussing financial education with students.
One of my business partners would remind me that no fashion line lasts forever, that we would hit the down curve eventually, and that we needed to look for new brands that complement the first one.
I do today what people won't, so I achieve tomorrow what other people can't.
It will never be a perfect time, you can only make time perfect.
While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and other thorny issues… In other words, they don't have the financial literacy to scale their businesses and attract investors.
Learn as many mistakes and what not to do while your business or product is small. Don’t be in such a hurry to grow your brand. Make sure that you and the market can sustain any bumps that may occur down the road.
When looking at trends I always ask myself basic and timeless questions about business, and the one I seem to always come back to is, 'How is this different than anything else in the marketplace?'
It is better to have a permanent income than to be fascinating.
No man was ever wise by chance.
[I] learned ... that friends are a good source of food and soul when one has not yet gotten the hang of cooking or living (as opposed to dying) alone. That nothing-not booze, not love, not sex, not work, not moving from state to state-will make the past disappear. Only time and patience heal things. I learned that cutting up your arms in an attempt to make the pain move from inside to outside, from soul to skin, is futile. That death is a cop-out. I tried all of these things.
Don't be too quick to draw conclusions from what happens to you; simply let it happen. Otherwise it will be too easy for you to look with blame... at your past, which naturally has a share with everything that now meets you.
My religious superstition gave place to rational ideas based on scientific facts, and in proportion as I looked at everything from a new standpoint, I grew more happy day by day.
When we are young, we spend much time and pains in filling our note-books with all definitions of Religion, Love, Poetry, Politics, Art, in the hope that, in the course of a few years, we shall have condensed into our encyclopaedia the net value of all the theories at which the world has yet arrived. But year after year our tables get no completeness, and at last we discover that our curve is a parabola, whose arcs will never meet.
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