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

I’ll admit it. This has been one of the books that I have been wanting to read for quite some time. It’s only been now that I’ve had the opportunity to devote some time to reading it. Even if you’re not familiar with Hip Hop or fashion, you’ve most likely heard about the titan also known as “The People’s Shark,” of Shark Tank fame, Daymond John. The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage is not Daymond’s first venture into writing. In fact, it’s his third of four books that he’s written.

Image Credit: The Power of Broke Cover Art

What is amazing about this book is not so much the fact that it speaks to your ability to become a success, but it speaks to it from a personal place for Daymond, who had to hustle from a place of being broke to becoming the person he is today. It is quite telling to read how anyone can have a competitive advantage, even if they don’t necessarily come from a place of having the world as their oyster or being born with a silver spoon in their mouth. He also points out early that you also don’t have to be broke in order to experience the “power of broke.” He notes that it’s really the mindset of the person to truly be hungry or to have the drive to do what’s necessary to get from the bottom to the top.

In this book you’ll find that Daymond capitalizes on his Shark Tank fame by using many references to the show and the characteristics of shark to emphasize the type of mindset that he believes every entrepreneur should possess to be successful. What is unique about this, is that he doesn’t just rely on his own strength to communicate the thoughts through this book. He elicits the help of many other hard driven people who have made a name for themselves by finding the power of broke in their own journey. I think this collaborative work helps to re-emphasize his thought on sharks. Each person highlights a specific trait that will help you find the power of broke.

What I love about this book is that you’re not just relying on one person’s word, thought it would be enough. This book presents many different stories of people’s lives who went from next to nothing to greatness by finding their unique power of broke. It reminds me of the story in the Bible where the prophet asked a woman, what do you have. She presented what she had and it turned her work right side up; a true wealthy place. I would recommend this for anyone who still struggles and wants to be inspired to find their own path. While it may be true that God gives each of us the power to get wealth, it is often found in our dedication to study to show ourselves approved. Study great people and how they did things and you can repeat the process.

 

QUESTION: Do you have a personal power of broke attitude or story of success? What impact has it had on your life?

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