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The Education of Millionaires: Everything You Won't Learn in College About How to Be Successful Paperback – September 25, 2012
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"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, cofounder of PayPal and first outside investor in Facebook
"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 the #1 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, 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, 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: Master the Art of Business
"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
About the Author
- ASIN : 1591845610
- Publisher : Portfolio; Updated ed. edition (September 25, 2012)
- Language : English
- Paperback : 288 pages
- ISBN-10 : 9781591845614
- ISBN-13 : 978-1591845614
- Item Weight : 8.8 ounces
- Dimensions : 5.3 x 0.62 x 8.2 inches
- Best Sellers Rank: #86,940 in Books (See Top 100 in Books)
- Customer Reviews:
Top reviews from the United States
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I recommend thinking long and hard about school, your actual situation, and the consequences of dropping out.
If you are a high school student considering going to college - you probably shouldn't even read this book. It is especially dangerous for you.
Deciding whether or not to go to school is a highly personal issue, it varies greatly from case to case. This book implies that isn't true and makes the situation out to be far worse than it is. By choosing misleading statistics and quoting Peter Thiel (who has a vested interest in non-credentialed and therefore cheaper labor) the author applies an air of legitimacy to what are essentially half truths.
Remember that this guy's job for this book is to inspire and empower you. The book does a great job at that, but don't take it as a reliable source text with regards to your own personal journey.
If you can prevent these traps from getting you, it has a great message of empowerment and wonderful stories of people who succeeded *despite* not having a college degree.
TEOM is an excellent read, and a reference, that will move Life Philosophy and shift attitude faster toward that goal of an independent, comfortable, meaningful life.
The biggest waste of money is a business major. There are enough books and online courses out there for entrepreneurs and business-minded individuals that are demonstrably cheaper than a four-year tuition college or university. Colleges and Universities are alarmingly behind the times when it comes to competing in the new business/entrepreunership digital age.
A good friend from Korea told me to read business books and this was shown in thr suggested reading. I started and could not stop.
This book explained how and why I was not successful. Ellsberg put his heart and soul into stressing why a formal education does not work today. Would have liked to have had a book like this in college. Either way, I am movong forward thanks to reading this!
A) a great read. Irreverent, energetic, full of great tales of losers turned successful.
B) lots of hands on, basic tips on how to practice the art of success.
C) a wealth of information on where to turn to dig deeper into the topics of marketing and sales.
If you are already a sales or marketing expert, I recommend instead buying something that digs right into those fields. If you are a self starter, but new to this whole entrepreneur thing, or would like to become a self starter, there's no better book than this one.
Success is a skill in and of itself. You can have the skill of success without being very skilled at your trade. If you listen to the radio or watch lots of movies you already know this. The skill of success is broken down into three categories and it makes perfect sense.
You've heard the cliche, "It's not what you know, it's who you know." That's true, but how do you find good mentors to help you and successful people to add to your network. The answer is counter-intuitive, but brilliant.
There's more to it, but those are the things that really stuck in my mind. Overall, I love this book and I believe it's worth it's weight in gold. Get it.
Top reviews from other countries
Although this is a book everyone who wants to improve their life will learn fro,. In particular I would say that everyone about to go to college/uni, who is in college/uni, and the parents of those children would do well to read this, too. Just get a copy.
I will be sure to come back in 6 months and let you know if I put any of these principles into action and what difference it made.
Ellsberg's post '8 Steps to Getting What You Want... Without Formal Credentials' prompted me to buy his new book and I'm glad I did. Ellsberg has gone out and done a lot of hard work and research so we don't have to.
This inspiring guy has managed to contact some of the most successful and richest men and woman in the world and interview them (Including Sean Parker of Napster & Facebook fame), and guess what? All them dropped out or did not go to college. These successful people have passed on words of wisdom to Ellsberg which he has presented to us in his fantastic book.
"If your gut tells you that investing in your own continued learning informally would be the most effective for you, then don't let the salesmen of formal credentials scare you out of it. The other option, of course, is to spend years of your life in an undergraduate or graduate program, dropping major cash on tuition, incurring foregone earnings, and going into massive debt in order to rack up ever-more formal credentials, so you can "compete" with millions of others getting the exact same credential each year" - From the 8 Steps Blog Post
The Main Message:
The main message in this book is `You don't need to get thousands of Pounds/Dollars/Yen or Euros into debt by going to college or university, to learn something you'll probably never need for your career and to become successful in life'. Ellsberg does point out that `Education' is in fact extremely important to move yourself up the ladder of success, but you don't need letters after your name to do it.
"Education is still necessary to learn how to do the great work that gets you paid" - Michael Ellsberg
What will You learn?
Some of the things you'll learn about in this book are the powerful tools that Ellsberg calls `Success Skills' such as:
How to find meaning in the work you do
Networking & Mentors (Tim Ferriss points out, if you lost everything in life then your `Net-Worth is linked directly to your Net-Work'.
Marketing - It's not all that fluffy
Sales - A totally new approach
How to invest in your own success
How to create `Brand You'
How to banish your `Employee Mindset' and create a `Entrepreneurial Mindset' - Even in your own job.
Ellsberg expresses the importance of these and gives you tasters throughout, however he makes sure you understand that you have to take responsibility for your own `Self Education' and he helpfully tells you where to find excellent resources in all these areas. One which I went out and bought was `SPIN Selling by Neil Rackham'.
This book is a `How To' for you and me to get moving with our business plans and careers. And yes, sales is a major part so if sales terrifies you, then this will change the way you perceive sales forever and will help you understand why it's a major component to your success.
How much are you willing to invest in you? The value of this book is probably a couple of grand in personal consulting fees from Michael Ellsberg alone and we get it for £12. Do I really have to tell you to purchase this Gem of a book?
I learned a lot of things from this books on topics on networking, marketing, sales, how to make a living, branding, difference between entrepreneurs(winners and NOT victims) and employees (losers victims) and how to change your mindset and more.
In every chapter he interviews a lot of very successful people out there millionaires billionaires with or without college or high school education. A lot of successful people like Seth Godin, Russel Simmons, facebook founders and many more.
He also teaches you how to become better at lets take an example as marketing, sales where he speaks a little bit about it and then he recommends a lot of good books on the topic on how to develop those crucial skills.
I really recommends this book to everyone.
I have to reread the book again and begin taking notes and write down the books recommends and research more about the stuff he's talking about.
Even though I'm not 100 % sure that all Michael says is true or that I always agree with him on every single point. I still think this is an awesome book that's why I gave it 5 stars.
So go buy it!!