QuoteProject
My mother said, "Money is a great slave but a horrible master." It was her version of a French proverb.
Daymond John
ShareWTF𝕏

Interpretation

What this quote means

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.

Themes

MoneyControlMasterSlaveWisdom

In practice

Example use cases

Discussing financial education with students.

More from Daymond John

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
I do today what people won't, so I achieve tomorrow what other people can't.
Daymond JohnRead
It will never be a perfect time, you can only make time perfect.
Daymond JohnRead
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.
Daymond JohnRead
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.
Daymond JohnRead
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?'
Daymond JohnRead

Similar quotes

I've found that the chief difficulty for most people was to realize that they had really heard new things: that is things that they had never heard before. They kept translating what they heard into their habitual language. They had ceased to hope and believe there might be anything new.
P.D. OuspenskyRead
We must sow the seed, not hoard it.
Saint DominicRead
Our prayers run along one road and God's answers by another, and by and by they meet.
Adoniram JudsonRead
For solving a surprisingly large and varied number of problems, crowds are smarter than individuals.
Michael ShermerRead
The higher a man stands, the more the word vulgar becomes unintelligible to him.
John RuskinRead
Acts that proceed from your calm center are always more effective than acts that proceed from fear, guilt, or anger.
Alan CohenRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.

Quote by Daymond John | QuoteProject