The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage

by Daymond John

Those deep pockets you may or may not have, they’ll never be deep enough to buy all the passion, ingenuity, and determination it takes to have success over the long haul. Even if you’ve got money behind you, there’s no guarantee that it will see you through. It’s the money in front of you that counts, after all. It’s the money you need, not the money you have, that makes all the difference.

It’s the money in front of you that counts, after all. It’s the money you need, not the money you have, that makes all the difference.

Let’s face it, when you’re up against all odds, when you’ve exhausted every opportunity, when you’re down to your last dime…that’s when you’ve got no choice but to succeed.

When you’ve got nothing to lose, you’ve got everything to gain.

Because if you’ve got to succeed to survive, you will. Trust me on this.

helps to be so hungry you have no choice but to succeed.

insight, instincts, and information

You will never create anything new.

all there will ever be is a new form of delivery, a new way to market, and a new way to figure it out.

form of delivery, a new way to market, and a new way to figure it out.

“A fool can learn from his own mistakes, but a wise man learns from the mistakes of others.”

there are no new ideas—only new ways to execute those ideas.

YOU ARE THE BRAND.

the odds aren’t exactly in your favor, but they’re not against you either, so find a way to get out in front—then find a way to stay there.

think within reach. And this was me practicing what I would go on to preach.

you’ve got to be willing to try new approaches, adapt to changing technologies, adjust your thinking.

persistent authenticity

if you can’t put it on a bumper sticker, the guy behind you will never figure you out.

finding that spot where your passion and talent and interests all meet,

Why fail on your own dime and on your own time if you don’t have to?

“Failing is a part of succeeding.”

everybody’s tired when they’re trying to succeed. That’s when most people quit. But we knew success was just around the corner.”