Little Daymond Learns to Earn
What’s inside...
Little Daymond sees something he really wants to buy but doesn't have enough money. His mom suggests using his talents to solve problems. Inspired by his creativity and with help from his friends, Daymond starts a T-shirt business. Together, they discover their unique strengths and work towards their goals, learning about saving, spending, budgeting, and borrowing along the way. This story, crafted by bestselling author and Shark Tank star Daymond John, aims to ignite children's interest in financial literacy and prepare them for future success.
Age
5-8
Length
40 pages
Text complexity
Character compass
Little Daymond
Mom
Discussion points
What are some ways Daymond earned money in the story, and what can you think of doing to earn some yourself?
How did Daymond feel when he first started his job and how did his feelings change throughout the book?
What does it mean to be responsible with money? Can you think of a time when you were responsible or could have been more responsible with your money?
Why is it important to save some of the money you earn? What are you saving money for?
Tip: Role play these questions
Before reading, ask your child what they know about earning and saving money to gauge their initial thoughts.
As you go through the book, point out the expressions on Daymond's face and ask your child how they think he's feeling, tying it back to what's happening in the story.
After reading the book, encourage your child to come up with a small business idea or chore that could help them earn money, discussing the steps and responsibilities involved.
Use real-life examples of financial responsibility and tie them back to the book to help solidify the concept for your child.
Key lessons
Example Lesson: Value of Hard Work
Explanation: Little Daymond learns the importance of hard work as he takes on small jobs to earn money for a new toy. Through his efforts, he realizes that hard work is essential to achieving goals.
Real-World Application: Children can apply this lesson by taking on age-appropriate tasks or chores around the house, learning that effort leads to rewards.
Example Lesson: Financial Responsibility
Explanation: As Daymond earns money, he must decide how to spend or save it. He learns about budgeting and prioritizing needs over wants, a foundational financial lesson.
Real-World Application: Kids can learn to manage their allowances or birthday money, making decisions about saving for bigger items or spending on small pleasures.
Example Lesson: Creativity in Problem Solving
Explanation: When faced with challenges in earning money, Daymond uses creative solutions to overcome them. This teaches children that thinking outside the box can lead to success.
Real-World Application: This lesson can encourage children to think creatively when they face difficulties in school projects or in resolving conflicts with peers.
Example Lesson: Importance of Perseverance
Explanation: Throughout the story, Daymond faces setbacks, but he doesn't give up. Instead, he persists, teaching kids the value of perseverance in achieving objectives.
Real-World Application: Children can mirror this trait when dealing with academic challenges or learning new skills, understanding that persistence pays off.