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The Education of Millionaires: It's Not What You Think and It's Not Too Late Hardcover – September 29, 2011


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Product Details

  • Hardcover: 272 pages
  • Publisher: Portfolio Hardcover (September 29, 2011)
  • Language: English
  • ISBN-10: 1591844207
  • ISBN-13: 978-1591844204
  • Product Dimensions: 6.4 x 1 x 9.3 inches
  • Shipping Weight: 14.4 ounces
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (163 customer reviews)
  • Amazon Best Sellers Rank: #106,315 in Books (See Top 100 in Books)

Editorial Reviews

Review

"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)

Review

"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 )

"Ignore the stats, break the rules, devote yourself to something meaningful. You won't get that in an MBA program. But you'll get it from Ellsberg and his self-educated millionaires-and plenty of proof that true and sustained success can only be defined on your own terms."
(-Danielle LaPorte, author of The Fire Starter Sessions ) --This text refers to an out of print or unavailable edition of this title.

More About the Author

Michael Ellsberg was born in San Francisco in 1977 and lives in New York. Michael sends manifestos, recommendations, tips, and other exclusive content to his private email list, which you can join at www.ellsberg.com.

Customer Reviews

This book is a very fast read, and it's enjoyable and educational.
KC Baker
Regardless of what happens, I know I am just getting started...and this book will definitely be by my side.
Meganutella
Highly recommended for college students about the truth and value of an education.
Trixycat77

Most Helpful Customer Reviews

71 of 80 people found the following review helpful By Blake Leavitt on November 8, 2011
Format: Hardcover Verified Purchase
I found this book to be highly entertaining and enlightening. A lot of the books I've been reading lately have been great but mainly re-affirming what I already know. Michael gave me quite a few great new ideas and numerous entertaining stories to back his arguments and make his points. I felt as though he readily admits that for some, higher education may be a totally feasible option, but the main question would be "to what cost?" His ending Epilogue about the coming "Education Bubble" sums it all up incredibly well. Most people (including most of my colleagues) graduate University with HUGE amounts of debt only to be able to find jobs serving you & me at Starbucks or similar high-school type jobs. There is no way that they'll be able to pay off there school loans at their income levels and even if they file for Bankruptcy they still owe on their student loans. Having been well over $50k in debt and working behind a shovel for minimum wage with a college degree, I know the overwhelming stress that creates. It's enough to make you want to off yourself! So the question is, why pay all that money & go through it all in the first place when there are other options like khanacademy.org (which has a HUGE selection of completely free educational videos, including everything from Trig, to Economics, to Art History!) or other resources he lists in his book.

I am a person who has purchased online training seminars/ courses for business & investing, reads a non-fiction business/ self-help book about every other month and has even shelled out over $7k/seminar for similar weekend seminars. I also hold a Bachelor of Science in Business Administration with an emphasis in entrepreneurism & finance.
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521 of 639 people found the following review helpful By Reviewer on October 7, 2011
Format: Hardcover Verified Purchase
First: i would rate 2 1/2 stars if possible but not three!
The premise of this book was really promising. I thought it was going to be, based on the preface, about people who have educated themselves and become experts or broke new ground in technology, finance, and other fields.

What I got: multilevel marketing scams and sleaze. It starts about the third chapter, where he mentions his 'friend' Eben Pagan.. I looked up the guys name and his site.. something in my gut just told me something was very very wrong.. well I looked up his name and it turns out he was one of those 'dating' 'seduction' hustlers. It just got sleazier from there, Ellsberg goes on to say how you should 'lift people ' like Pagan up - and then people will lift you up... does this sound like a non-financial ponzi scheme or what? Ellesberg never mentions Pagan's past, he just says the "runs a 30 million internet marketing company" - gee just like the founder of Zappo's eh? Ellesberg is not upfront about this, implying he knows its a liability and undermines his point. He often refers to copy writers who launched products that made ## million in sales but, suspiciously, never mentions what those products or companies were.( In fairness, he does point out who his personal friends are.)

Then I started to notice all the plugs for his buddies in the pages and I felt like I had paid for an advertisement. I 'thought' having a column on Forbes that this guy would be somewhat respectable, but I should have known better having first heard of him from a link to Tim Ferris (The four hour hustle)'s web site. The cross-marketing is annoying an undermines credibility..
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59 of 71 people found the following review helpful By Jenny Blake on September 29, 2011
Format: Hardcover
Ellsberg's book is a referendum against the notion that higher education is mandatory for self-made success (in fields other than law and medicine that require highly trained professionals). The book comes at a critical time as more and more graduates find themselves buried in debt but without a job to show for it.

Through dozens of in-depth interviews with movers and shakers, Ellsberg uncovers what he sees as the seven key self-education categories for career success -- that they DON'T teach you in college.

The millionaires he interviews are self-taught and self-made -- and their stories are inspiring for anyone who is looking to rely less on others (school, teachers, managers, companies) for career success and more on themselves and their highest creative faculties.

The seven key success skills Ellsberg highlights are:
1. How to make your work meaningful and your meaning work
2. How to find great mentors and teachers, connect with powerful and influential people, and build a world-class network
3. What every successful person needs to know about marketing, and how to teach yourself
4. What every successful person needs to know about sales, and how to teach yourself
5. How to invest for success (the art of bootstrapping)
6. Build the brand of you (or, to hell with resumes!)
7. The entrepreneurial mindset versus the employee mindset -- become the author of your own life

This book is a page-turner and a must-read -- I read it on one cross-country plane flight, then immediately gave it to my brother (a more recent graduate) and said "do not pass go until you finish this book."
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