Friday, February 1, 2013

Michael Ellsberg's "The Education of Millionaires"


If you have not yet read Michael Ellsberg's controversial book, "The Education of Millionaires", pick up a copy right now. It may change, not only your career, but the way you think about today's educational system forever.

As Michael Ellsberg walks you through a curriculum rarely (or never) received in traditional schooling, be prepared to grip on tight to courage and determination because it's going to be a bumpy ride. In a series of seven "Success Skills", which act as quasi-nonlinear chapters, Ellsberg mixes personal experiences, testimonials and raw facts to concoct this post/pre/anti-college guide. By interviewing self made pioneers such as Dustin Moskovitz (Facebook), Marc Ecko (urban fashion designer), Matt Mullenweg (Wordpress) and Maria Andros (video marketing), he gives the reader specific information as to how to "build your brand, take your business in hand, and create an entrepreneurial mindset". This  guide is truly an essential to anyone looking for optional paths in life.

The success skills outlined in the book:

  • #1: How to Make Your Work Meaningful and Your Meaning Work (or, How to Make a Difference in the World Without Going Broke)
  • #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 Mind-Set Versus the Employee Mind-Set (Become the Author of Your Own Life)
The crucial point here, is how he stresses the importance of teaching yourself. That skill takes a lot of work, but once basically acquired, allows for infinite possibilities in life.

Our criticism: There needed to be more on the subject of those that did choose to go to college, and detailed points as to the pros and cons of doing so. The subject was delved into, but it would have allowed for a clearer view if say, a column outlining said pointers had been drawn.
The absence of "what to do as an employee" was also slightly bothersome. The book mainly focalized on future entrepreneurs and big thinkers, barely mentioning the individuals that chose to work for those very people. Obviously, not everyone wants to create their own business, and plenty feel perfectly confortable complying with other's demands all the while contributing a few of there own. How to work for other people rather than with is also a key aspect of "the real world" worth dissecting.

☑ Recommended for aspiring entrepreneurs, parents of teenagers and young adults, and all the creative minds in between.

Where to buy:
- Amazon

Recommended on:
- Goodreads

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