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Self-made billionaire John Calamos says young people need to hustle — and have a mission in life — to be successful
Self-made billionaire John Calamos says young people need to hustle — and have a mission in life — to be successful

Yahoo

time01-07-2025

  • Business
  • Yahoo

Self-made billionaire John Calamos says young people need to hustle — and have a mission in life — to be successful

John Calamos says young people need to work hard to succeed, but it's OK to change course in life. The billionaire investor and former Air Force pilot shared his advice for young people with BI. Calamos said that having a mission in life is vital, and wealth often comes as you work toward it. Self-made billionaire John Calamos says the road to success can be steep and winding, and wealthy parents should teach their kids that finding meaning in life trumps money. Calamos, 84, grew up in an apartment above his Greek-American family's grocery store, where he started working at a young age. He piloted jets during the Vietnam War before building his business empire. He's the founder of Calamos Investments, which manages assets worth more than $40 billion. Calamos, who published a biography, "The Sky's the Limit," in April, shared his advice for young people and parents with Business Insider. Calamos joined the military after taking to heart President John F. Kennedy's appeal for people to "ask not what your country can do for you; ask what you can do for your country." The convertible-bond pioneer has a similar message for graduates: "You don't get out of school now and say, 'OK, what is the government going to give me?'" he said. "It's not what the government's going to give you, it's what you can do." Calamos said that he was able to become wealthy despite modest beginnings by being "creative, innovative." Being determined and having goals are key to achieving great things, he added. In his book, he writes that young people shouldn't bow to pressure to specialize early, as he found value in a "more winding path." Calamos started off as an engineering student, studied philosophy, switched to architecture, graduated with a degree in economics, then later earned an MBA. "It's OK to change course as you learn more about yourself — what you truly care about and what ignites your passion," he writes. Calamos added that it's crucial to keep learning, stay curious, and look for better ways to do things at every stage of one's career. "This focus on continual improvement, innovation, and learning has been key to my own success," he writes. Calamos shared one of his biggest takeaways from his childhood and suggested how affluent parents might avoid raising entitled children. "What I learned from my parents was just a work ethic," he told BI. "They worked hard all the time." Calamos began working from a young age, first stocking shelves in his family's store, later delivering groceries and newspapers, washing windows, and more. A parent's job isn't to simply hand money to their children, it's to instill in them the values of hard work and perseverance, he added. He said that the message should be, "It's not about the money, it's about the mission — the money is a byproduct." Read the original article on Business Insider

Self-made billionaire John Calamos says young people need to hustle — and have a mission in life — to be successful
Self-made billionaire John Calamos says young people need to hustle — and have a mission in life — to be successful

Business Insider

time01-07-2025

  • Business
  • Business Insider

Self-made billionaire John Calamos says young people need to hustle — and have a mission in life — to be successful

John Calamos says young people need to work hard to succeed, but it's OK to change course in life. The billionaire investor and former Air Force pilot shared his advice for young people with BI. Calamos said that having a mission in life is vital, and wealth often comes as you work toward it. Self-made billionaire John Calamos says the road to success can be steep and winding, and wealthy parents should teach their kids that finding meaning in life trumps money. Calamos, 84, grew up in an apartment above his Greek-American family's grocery store, where he started working at a young age. He piloted jets during the Vietnam War before building his business empire. He's the founder of Calamos Investments, which manages assets worth more than $40 billion. Calamos, who published a biography, "The Sky's the Limit," in April, shared his advice for young people and parents with Business Insider. Forge your own path Calamos joined the military after taking to heart President John F. Kennedy's appeal for people to "ask not what your country can do for you; ask what you can do for your country." The convertible-bond pioneer has a similar message for graduates: "You don't get out of school now and say, 'OK, what is the government going to give me?'" he said. "It's not what the government's going to give you, it's what you can do." Calamos said that he was able to become wealthy despite modest beginnings by being "creative, innovative." Being determined and having goals are key to achieving great things, he added. In his book, he writes that young people shouldn't bow to pressure to specialize early, as he found value in a "more winding path." Calamos started off as an engineering student, studied philosophy, switched to architecture, graduated with a degree in economics, then later earned an MBA. "It's OK to change course as you learn more about yourself — what you truly care about and what ignites your passion," he writes. Calamos added that it's crucial to keep learning, stay curious, and look for better ways to do things at every stage of one's career. "This focus on continual improvement, innovation, and learning has been key to my own success," he writes. Hard work and hustle Calamos shared one of his biggest takeaways from his childhood and suggested how affluent parents might avoid raising entitled children. "What I learned from my parents was just a work ethic," he told BI. "They worked hard all the time." Calamos began working from a young age, first stocking shelves in his family's store, later delivering groceries and newspapers, washing windows, and more. A parent's job isn't to simply hand money to their children, it's to instill in them the values of hard work and perseverance, he added. He said that the message should be, "It's not about the money, it's about the mission — the money is a byproduct."

The episode of Only Fools and Horses banned from airing
The episode of Only Fools and Horses banned from airing

South Wales Argus

time11-06-2025

  • Entertainment
  • South Wales Argus

The episode of Only Fools and Horses banned from airing

The BBC show, created by John Sullivan and starring Sir David Jason, is often regarded as one of the best British comedy shows of all time. As the writer, Sullivan would often use his own life experiences in the show while adding that classic Only Fools and Horses twist. However, there's one episode of the BBC sitcom that was banned from airing for some time after 9/11. The banned episode of Only Fools and Horses The episode, titled 'The Sky's the Limit', first aired in 1990 and follows Boycie, who had mysteriously lost his satellite dish, while Del Boy had just come into possession of one. Rodney heads to Gatwick Airport to meet Cassandra, but when he arrives, he finds that her plane was diverted to Manchester and is left wondering why. At the end of the episode, it's revealed that the three are all linked when Del Boy, Rodney, Raquel and Uncle Albert are watching TV. On the TV, a news reporter says: "The radar transmitter dish, similar to the one shown here, was stolen from the end of Gatwick Airport's main runway during the early hours of yesterday morning. "The theft brought Gatwick Airport to a standstill, has caused chaos throughout Europe, and left thousands of returning holidaymakers stranded." Recommended Reading In the last scenes of the episode, a plane is seen flying dangerously low over the Trotters' tower block. It's understood that those scenes left the episode banned from airing on TV for a while after 9/11. According to Only Fools and Horses Fandom, the episode was inspired by Sullivan's holiday to Portugal when he discovered he was not booked on the plane.

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