The Education of Millionaires: Everything You Won't Learn in College about How to Be Successful by Michael Ellsberg, Hardcover | Barnes & Noble
The Education of Millionaires: It's Not What You Think and It's Not Too Late

The Education of Millionaires: It's Not What You Think and It's Not Too Late

3.9 11
by Michael Ellsberg
     
 

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The myth: If you get into a good college, study hard, and graduate with excellent grades, you will be pretty much set for a successful career.
The reality: The biggest thing you won't learn in college is how to succeed professionally.

Some of the smartest, most successful people in the country didn't finish college. None of them learned their most

Overview

The myth: If you get into a good college, study hard, and graduate with excellent grades, you will be pretty much set for a successful career.
The reality: The biggest thing you won't learn in college is how to succeed professionally.

Some of the smartest, most successful people in the country didn't finish college. None of them learned their most critical skills at an institution of higher education. And like them, most of what you'll need to learn to be successful you'll have to learn on your own, outside of school.

Michael Ellsberg set out to fill in the gaps by interviewing a wide range of millionaires and billionaires who don't have college degrees, including fashion magnate Russell Simmons, Facebook co-founder Dustin Moskovitz and founding president Sean Parker, WordPress creator Matt Mullenweg, and Pink Floyd songwriter and lead guitarist David Gilmour. Among the fascinating things he learned:

  • How fashion designer Marc Ecko started earning $1000 a week in high school with his own clothing business, and later grew it into an empire.
  • How billionaire Phillip Ruffin went from lowly department store employee with no college degree, to owner of Treasure Island on the Vegas Strip.
  • How John Paul DeJoria went from homelessness to billionaire as founder of John Paul Mitchell Systems Hair Care Products.

    This book is your guide to developing practical success skills in the real world. Even if you've already gone through college, the most important skills weren't in the curriculum-how to find great mentors, build a world-class network, learn real-world marketing and sales, make your work meaningful (and your meaning work), build the brand of you, master the art of bootstrapping, and more.

    Learning the skills in this book well is a necessary addition to any education. This book shows you the way, whether you're a high school dropout or a graduate of Harvard Law School.

Editorial Reviews

Publishers Weekly
After a slow start, this book launches into a series of riveting interviews and life lessons featuring hugely successful business people, such as Russell Simmons and Sean Parker, who didn't finish college, and instead forged their own path. Ellsberg, who blogs about entrepreneurialism for Forbes.com, is zealous about following one's passion, and maintains that college courses are woefully insufficient for tackling real life. Instead, it's better to embrace risk within a framework of unstinting work and "street smarts." As he explains: "We've basically just trained ourselves to be cogs in a machine…skills we've been training 16 years to develop have no impact in the workplace at all." He also argues that "no single skill you could possibly learn correlates more directly with your real-world success than learning sales." Ellsberg suggests valuing life-long learning and voracious reading. (Oct.)
-Dale J. Stephens
"Success in the twenty-first century depends on street smarts, not book smarts. It has to do with your motivation, network, passion, and ability to make other believe in you. You'll learn stuff in college, but you won't develop these skills-which are requisite for success in life. Whether you go to college or not, The Education of Millionaires will help you learn what it takes to succeed in today's entrepreneurial economy."
-Peter Thiel
"Michael Ellsberg's book is provocative and wise. Tuition is skyrocketing, job prospects are grim, and the race for bogus credentials has turned into a runaway status competition for positional goods. The Education of Millionaires offers a renegade path for anyone who wants vital skills without the crushing burden of student debt."
-Keith Ferrazzi
"Your success in a knowledge society depends on mastery of soft skills and practical intelligence-and yet they don't show up in college or high school curriculums. Ellsberg's rebellious book provides a street-smart education to fill the gap."
-Lynda Resnick
"As Michael so aptly explains in this delightful read: your education starts in the crib and ends when you take your final breath. In a fully realized life, it is all about lifelong learning."
-Matt Mullenweg
"Self-education is the key to upgrading your mind and your life. Michael's book teaches you how to unlock the education available outside of classes, all around you."
-Jenny Blake
"This book is a masterpiece. Gripping and whip-smart, The Education of Millionaires will forever revolutionize your thoughts on the connection between education, career success and prosperity. Ellsberg is careful to avoid 'motivational fluff' and instead provides mind-blowingly sharp (and humorous) brass-tacks advice on how to profit handsomely by becoming a lifelong learner."
-Scott Banister
"If entrepreneurs were running schools, instead of bureaucrats, schools would be teaching a lot more of the skills and mindsets found in this book. Since they're not, this book is a necessary antidote to a traditional college education."
-Cameron Herold
"This is the must read of the next era of education. This one book could be all the education you ever need to massively outperform even the Ivy League. The secrets contained are brilliant and simple to adopt."
-Simon Sinek
"Just like the entrepreneurs he highlights in his book, Ellsberg challenges the conventional wisdom of what it takes to make it in this world. If you have an idea and the drive, nothing can stop you. And Ellsberg proves it."
-Josh Kaufman
"You don't need a degree to live life on your own terms: you need economically valuable skills. Ellsberg's book is the blueprint for entrepreneurial education."
-Jonathan Fields
"Provocative and timely, Ellsberg lays bare what he sees as a giant hole in much of traditional education-a focus on 'academic' knowledge and a de-emphasis on the knowledge and skills necessary to actually succeed in life. Drawing from a wealth of interviews with successful entrepreneurs, he hones in on seven key success skills that help put you back in the driver's seat."
From the Publisher
"Success in the twenty-first century depends on street smarts, not book smarts. It has to do with your motivation, network, passion, and ability to make other believe in you. You'll learn stuff in college, but you won't develop these skills-which are requisite for success in life. Whether you go to college or not, The Education of Millionaires will help you learn what it takes to succeed in today's entrepreneurial economy." - Dale J. Stephens, founder of Uncollege.org

"Michael Ellsberg's book is provocative and wise. Tuition is skyrocketing, job prospects are grim, and the race for bogus credentials has turned into a runaway status competition for positional goods. The Education of Millionaires offers a renegade path for anyone who wants vital skills without the crushing burden of student debt." - Peter Thiel, co-founder of PayPal, creator of the Thiel Fellowship

"Your success in a knowledge society depends on mastery of soft skills and practical intelligence-and yet they don't show up in college or high school curriculums. Ellsberg's rebellious book provides a street-smart education to fill the gap." - Keith Ferrazzi, author of #1 NY Times bestseller Who's Got Your Back

"As Michael so aptly explains in this delightful read: your education starts in the crib and ends when you take your final breath. In a fully realized life, it is all about lifelong learning." - Lynda Resnick, vice chairman of Roll International, Teleflora, and PomWonderful

"Self-education is the key to upgrading your mind and your life. Michael's book teaches you how to unlock the education available outside of classes, all around you." - Matt Mullenweg, creator of WordPress.org

"This book is a masterpiece. Gripping and whip-smart, The Education of Millionaires will forever revolutionize your thoughts on the connection between education, career success and prosperity. Ellsberg is careful to avoid 'motivational fluff' and instead provides mind-blowingly sharp (and humorous) brass-tacks advice on how to profit handsomely by becoming a lifelong learner." - Jenny Blake, author of Life After College

"If entrepreneurs were running schools, instead of bureaucrats, schools would be teaching a lot more of the skills and mindsets found in this book. Since they're not, this book is a necessary antidote to a traditional college education." - Scott Banister, founder of IronPort Systems, Banister Capital

"This is the must read of the next era of education. This one book could be all the education you ever need to massively outperform even the Ivy League. The secrets contained are brilliant and simple to adopt." - Cameron Herold, author of Double Double, former COO of 1-800-GOT- JUNK?

"Just like the entrepreneurs he highlights in his book, Ellsberg challenges the conventional wisdom of what it takes to make it in this world. If you have an idea and the drive, nothing can stop you. And Ellsberg proves it." - Simon Sinek, author of Start With Why

"You don't need a degree to live life on your own terms: you need economically valuable skills. Ellsberg's book is the blueprint for entrepreneurial education." - Josh Kaufman, author of The Personal MBA

"Provocative and timely, Ellsberg lays bare what he sees as a giant hole in much of traditional education-a focus on 'academic' knowledge and a de-emphasis on the knowledge and skills necessary to actually succeed in life. Drawing from a wealth of interviews with successful entrepreneurs, he hones in on seven key success skills that help put you back in the driver's seat." - Jonathan Fields, author of Uncertainty

Product Details

ISBN-13:
9781591844204
Publisher:
Penguin Publishing Group
Publication date:
09/29/2011
Pages:
272
Product dimensions:
6.00(w) x 9.10(h) x 1.00(d)
Age Range:
18 Years

Meet the Author

Michael Ellsberg spent the last year and a half learning from some of the most successful people on the planet who don't have college degrees. He blogs about entrepreneurialism, career development, and education at Forbes.com.

For more information, please visit ellsberg.com.

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Education of Millionaires 3.9 out of 5 based on 0 ratings. 11 reviews.
Anonymous More than 1 year ago
Anonymous More than 1 year ago
A truly necessary book that bursts the bubble of expecting formal education to be the end all be all to success. It's not. And he makes a great supporting argument. He tells it like it is and keeps it real. Great read for a different perspective.
Anonymous More than 1 year ago
I've devoured the Education of Millionaires a couple of times, and glean something more from it each time. Let's cut to the chase: the Education of Millionaires provides a very useful framework for equipping yourself to succeed on your own terms. For those with very different expectations, or such a deep need to justify not taking action, you just aren't going to be happy with this book. However, if you've ever had an inkling that there was more out there than you learned in school, were overwhelmed by the enormous amount of content available online, and wished someone would equip you with a way to navigate it to achieve your goals, this book is it. How could you not be delighted with a book that not only gives you an actionable system, but myriad examples of how the exact steps have been used by others to great effect? Seems to me Michael Ellsberg does everything short of holding your hand while you do the work of making your life succeed. If you're looking for a way to move forward with your goals, I highly recommend Michael Ellsberg's the Education of Millionaires, and then taking action on what you learn. Best wishes for your great success!
Anonymous More than 1 year ago
-pinkysue- More than 1 year ago
I am a huge proponent of education and attaining knowledge, but have consistently left school before achieving that special piece of paper called a Bachelor's Degree. This book gives tons of street cred to people who have excelled in business without having this particular piece of paper. It is great for ANYONE who thinks they'll be involved in the business world at any time in their life. (So, everyone who needs to make money for a living.) Before you invest thousands, tens of thousands, or hundreds of thousands of dollars in college or grad school, read this book!! Approach your education with a strategy and a purposeful outcome. Do not get trapped paying for something that can't possibly achieve an appropriate ROI. Be Prepared!! Higher Education is a PURCHASE in a free enterprise system: BUYER BEWARE!!!
Anonymous More than 1 year ago
The insights in this book are invaluable and make an immediate impact on the reader. I only wish someone had written this book 10 years ago. Excellent piece of work!
The_Rip_Phelan More than 1 year ago
The how to get there is what's most evident in this book. Teach them how to fish is the best way to describe the approach of the author. All the people he mentions have tons of information and worth way more than 8 years of college.
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Narges Zali More than 1 year ago
This makes for a beautiful addition to the four hour work week! Buy it, its well worth it!
Anonymous More than 1 year ago