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


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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: 9.5 x 6.4 x 1 inches
  • Shipping Weight: 14.4 ounces
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (141 customer reviews)
  • Amazon Best Sellers Rank: #60,189 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

People are going to either love it or hate it.
Blake Leavitt
Michael Ellsberg's book gives an inspiring and actionable map for anyone who wants to make a powerful and lasting contribution to the world.
Gavin W White
Not only is it packed with practical advice, but it's also a fun read.
Michael R. Del Ponte

Most Helpful Customer Reviews

62 of 67 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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26 of 28 people found the following review helpful By Passion Junkie on September 29, 2011
Format: Hardcover
Great, easy, inspiring read. Lots of useful take-aways. Finished it in about 5 hours.

In summary:
Conventional education does not teach us what we need in order to be financially successful in the world. Michael Ellsberg offers 7 success skills that he believes are essential to success based on his interviews with self-made millionaires. There's a chapter dedicated to each of the 7 skills as well as resources to pursue to learn more about each.

There's a part of me that wants to share the 7 skills here, but I know that if it was me reading this review and someone else had posted the 7 skills in bullet point format, I'd probably read them and think to myself "I know this already". That would have been a tragedy, as although none the 7 skills are long lost secrets, Michael and his self-made millionaire mentors gave me a an eye-opening perspective that has changed the way I do business.

I loved reading the stories of the extraordinary people interviewed in this book. Some are famous... some I'd never heard of... But they're all compelling... and what stood out for me the most was that they approach wealth creation from the perspective of "what can I give" rather than "what can I get". A refreshing change and a perspective I think is becoming more and more common.

A hugely valuable book filled with lots of entrepreneurial wisdom.
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468 of 578 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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19 of 20 people found the following review helpful By F. Tyler B. Brown on January 28, 2012
Format: Hardcover Verified Purchase
Michael Ellsberg, in "The Education of Millionaires", argues the educational model in the United States is not only responsible for perpetuating an "employee" versus an "entrepreneur mindset", but is also broken, too expensive, and ill-suited for the chaotic, flat, disruptive, and digital world in which we live.

Mr. Ellsberg began his freelance writing career doing direct-sales copywriting, where he surely learned how to wrestle his prose into a form that it is both efficient and moving. This book has a power to persuade. I found myself surprised at the degree to which his writing was a call to action for me.

According to Ellsberg, this book was intended to be a launching-off point from which its reader will begin a journey of self-improvement and self-education. He provides throughout the book: links to websites, names of other books, seminar information, and other resources with which the curious can pursue further reading or learning.

"For people in the industrialized world," writes Ellsberg, "middle-class and above, the primary focus of our waking lives between the ages of six and twenty-two is--to a first approximation--grades. To a second approximation, the agenda also includes narrowly defined extracurricular activities, such as sports and music and volunteering, which look good on college applications and entry-level resumes... Have you ever stopped to ponder how utterly bizarre this state of affairs is?"

Later in the book, Mr. Ellsberg interviews PayPal founder, Peter Thiel, who contends, "Formal education has become very status oriented, and very far substantively from what people are interested in accomplishing in their lives and the world. And it's gotten worse as our society has become more tracked," says Thiel.
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