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The Education of Millionaires: It's Not What You Think and It's Not Too Late | [Michael Ellsberg]

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

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 in 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.
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Publisher's Summary

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 in 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 cofounder 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 $1,000 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 clerk with no college degree to owner of Treasure Island on the Vegas Strip.
  • How John Paul DeJoria went from homelessness to billionaire as the 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 on 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, whether you're a high school dropout or a graduate of Harvard Law School.

    ©2011 Michael Ellsberg (P)2012 Gildan Media Corp

What the Critics Say

"Michael Ellsberg's audio 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, PayPal, first outside investor, Facebook, 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 audio book provides a street-smart education to fill the gap." (Keith Ferrazzi, author of the #1 New York Times best seller Who's Got Your Back)

What Members Say

Average Customer Rating

4.0 (73 )
5 star
 (36)
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3 star
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2 star
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Overall
4.1 (67 )
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Story
3.6 (67 )
5 star
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4 star
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3 star
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2 star
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Performance
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  •  
    David United States 01-30-13
    David United States 01-30-13
    HELPFUL VOTES
    5
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    "I can't get past the introduction"
    Would you recommend this book to a friend? Why or why not?

    Maybe the book, not the audio book.


    What was most disappointing about Michael Ellsberg’s story?

    I couldn't get past the introduction.... The narrator drags out the last letter of the last word in each sentence. He sounds like a "Vally Girl" when he talks... It's super annoying.


    Would you be willing to try another one of Erik Synnestvedt’s performances?

    Absolutely NOT


    Did The Education of Millionaires inspire you to do anything?

    Not yet


    5 of 5 people found this review helpful
  •  
    Zac Burnsville, MN, United States 11-03-13
    Zac Burnsville, MN, United States 11-03-13 Member Since 2013
    HELPFUL VOTES
    3
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    "Good book, horrible narration"
    Would you recommend this audiobook to a friend? If so, why?

    No, narration was awful


    Would you be willing to try another one of Erik Synnestvedt’s performances?

    Never again. He was painful to listen too. Shame on the author for hiring this guy.


    Did you have an extreme reaction to this book? Did it make you laugh or cry?

    It was like listening to nails on a chalkboard with Eric's narration. I know that is harsh, but it honestly was that bad.


    Any additional comments?

    Really great book, it is unfortunate with the narrator made it unpalatable.

    3 of 3 people found this review helpful
  •  
    dan Denver, CO, United States 02-20-14
    dan Denver, CO, United States 02-20-14 Member Since 2013
    HELPFUL VOTES
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    "Great book, narration could be better"
    Would you recommend this audiobook to a friend? If so, why?

    Yes. This book is full of very useful information. If you liked the 4 hour workweek, then this is definitely a good read.


    How could the performance have been better?

    The narrator's use of inflection at the end of each sentence made me want to stop listening. In fact, I will not pick another audible book with this narrator due to this.


    2 of 2 people found this review helpful
  •  
    Felecia Delray Beach, FL, USA 08-16-12
    Felecia Delray Beach, FL, USA 08-16-12
    HELPFUL VOTES
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    "Great Book"
    Would you recommend this audiobook to a friend? If so, why?

    Heard about the author from Tim Ferriss's blog. Best use of my audible credit in a long time


    2 of 2 people found this review helpful
  •  
    TMM Texas 12-13-13
    TMM Texas 12-13-13
    HELPFUL VOTES
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    "Suprisingly Good"
    What made the experience of listening to The Education of Millionaires the most enjoyable?

    I stumbled upon this book by accident and I am glad that I did!Lots of useful info and insight into how successful people became successful. Lots of useful info and stories about how others put themselves into a position to win.Also questions the idea of going to college. Even if you did go to college you can learn something from listening to this analysis and hearing some very unique stories.


    What did you like best about this story?

    Sales,Copywriting,Marketing, and positioning advice on how to get ahead. Stories of successful people I had not heard of before that can be contacted. Lots of great tips and biographies for those interested in getting to the next level.


    Have you listened to any of Erik Synnestvedt’s other performances before? How does this one compare?

    No, I have not.


    Any additional comments?

    2 Parts to this download. Listen at 1.5x speed. Get it, its worth it. After you listen to it, pay your Kid 20.00 to listen to this then turn in a book review.

    1 of 1 people found this review helpful
  •  
    Jason Scranton, PA, United States 03-21-12
    Jason Scranton, PA, United States 03-21-12 Member Since 2011
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    "Save your credits"

    Mr. Ellsberg is not a millionaire himself and the poor advice contained in this book shows it. If you are interested in making the entrepreneurial journey learn from those who have done it-- How to Get Rich by Felix Dennis or The Millionaire Real Estate Investor.

    5 of 9 people found this review helpful
  •  
    L Doll East Coast, USA 11-11-14
    L Doll East Coast, USA 11-11-14 Member Since 2013

    L

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    "Great Reference for Anyone Who Hungers for More"
    Would you recommend this audiobook to a friend? If so, why?

    This is an audiobook I would recommend to anyone interested in entrepreneurship. The Education of Millionaires is well-documented, straightforward and insightful regarding what society teaches the middle class about becoming a millionaire - or doing well in life with a college education - and the truth about who really does become successful and how.


    What other book might you compare The Education of Millionaires to and why?

    I wouldn't compare this book to another book, but I would pair it with Outwitting the Devil by Napoleon Hill. This book is just as motivational, insightful and inspirational.


    What about Erik Synnestvedt’s performance did you like?

    He spoke true to the brand of the book.


    0 of 0 people found this review helpful
  •  
    Jennifer L. Cook East Texas 07-01-14
    Jennifer L. Cook East Texas 07-01-14 Member Since 2013

    Bar10jen

    HELPFUL VOTES
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    "Good Listen - Great Information"
    Would you recommend this audiobook to a friend? If so, why?

    It is a good book on marketing


    What other book might you compare The Education of Millionaires to and why?

    Purple Cow is also another good book and The Slight Edge


    Which scene was your favorite?

    Just the overall simplification of marketing yourself


    Was this a book you wanted to listen to all in one sitting?

    Not really


    Any additional comments?

    Good listen, great information on marketing and education

    0 of 0 people found this review helpful
  •  
    Amazon Customer CARLSBAD, CA, United States 06-25-14
    Amazon Customer CARLSBAD, CA, United States 06-25-14 Member Since 2010

    the Zepto

    ratings
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    12
    3
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    Story
    "Harvard MBA graduate for web data entry!?"
    This book wasn’t for you, but who do you think might enjoy it more?

    Not really sure.


    Any additional comments?

    One of the stories in the introduction talked about a hiring process, which involved a high school dropout and a Harvard MBA graduate as candidate. The position was a $10/hour web data entry position. If you have any common sense, you know who got the job.The author bashed the emptiness of the MBA's education. Where's the street smart the book's talking about of trying to hire a Harvard MBA for web data entry?

    0 of 0 people found this review helpful
  •  
    M. Levit 11-02-13
    M. Levit 11-02-13
    HELPFUL VOTES
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    "Solid Thesis"
    Would you recommend this audiobook to a friend? If so, why?

    I'd recommend this book to demonstrate how little we learn in college and how much we're dependent on ourselves to innovate and think.


    Would you be willing to try another one of Erik Synnestvedt’s performances?

    It was a dull read but could have been a performance.


    Was this a book you wanted to listen to all in one sitting?

    I felt captivated by the book. I've based a presentation to college students on what I learned.


    0 of 0 people found this review helpful
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