Table of Contents Title Page Copyright Page Dedication Introduction SUCCESS SKILL #1 - HOW TO MAKE YOUR WORK MEANINGFUL AND YOUR MEANING WORK SUCCESS SKILL #2 - HOW TO FIND GREAT MENTORS AND TEACHERS, CONNECT WITH ... SUCCESS SKILL #3 - WHAT EVERY SUCCESSFUL PERSON NEEDS TO KNOW ABOUT MARKETING, ... SUCCESS SKILL #4 - WHAT EVERY SUCCESSFUL PERSON NEEDS TO KNOW ABOUT SALES, AND ... SUCCESS SKILL #5 - HOW TO INVEST FOR SUCCESS SUCCESS SKILL #6 - BUILD THE BRAND OF YOU SUCCESS SKILL #7 - THE ENTREPRENEURIAL MIND-SET VERSUS THE EMPLOYEE MIND-SET EPILOGUE GRATITUDE NOTES INDEX “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 mind-sets 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 homes in on seven key success skills that help put you back in the driver’s seat.” —Jonathan Fields, author of Uncertainty: Turning Fear and Doubt into Fuel for Brilliance “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, creator of WhiteHotTruth.com PORTFOLIO / PENGUIN Published by the Penguin Group Penguin Group (USA) Inc., 375 Hudson Street, New York, New York 10014, U.S.A. Penguin Group (Canada), 90 Eglinton Avenue East, Suite 700, Toronto, Ontario, Canada M4P 2Y3 (a division of Pearson Penguin Canada Inc.) Penguin Books Ltd, 80 Strand, London WC2R 0RL, England Penguin Ireland, 25 St Stephen’s Green, Dublin 2, Ireland (a division of Penguin Books Ltd) Penguin Books Australia Ltd, 250 Camberwell Road, Camberwell, Victoria 3124, Australia (a division of Pearson Australia Group Pty Ltd) Penguin Books India Pvt Ltd, 11 Community Centre, Panchsheel Park, New Delhi–110 017, India Penguin Group (NZ), 67 Apollo Drive, Rosedale, Auckland 0632, New Zealand (a division of Pearson New Zealand Ltd) Penguin Books (South Africa) (Pty) Ltd, 24 Sturdee Avenue, Rosebank, Johannesburg 2196, South Africa Penguin Books Ltd, Registered Offices: 80 Strand, London WC2R 0RL, England First published in 2011 by Portfolio / Penguin, a member of Penguin Group (USA) Inc. Copyright © Michael Ellsberg, 2011 All rights reserved Library of Congress Cataloging-in-Publication Data Ellsberg, Michael. The education of millionaires : it’s not what you think, and it’s not too late / Michael Ellsberg. p. cm. Includes bibliographical references and index. ISBN : 978-1-101-54449-5 1. Success in business. 2. Practical reason. I. Title. HF5386.E435 2012 650.1—dc23 2011019060 Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording, or otherwise), without the prior written permission of both the copyright owner and the above publisher of this book. The scanning, uploading, and distribution of this book via the Internet or via any other means without the permission of the publisher is illegal and punishable by law. Please purchase only authorized electronic editions and do not participate in or encourage electronic piracy of copyrightable materials. Your support of the author’s rights is appreciated. http://us.penguingroup.com For my greatest teacher of all, Jena. Your journey of self-education inspired this book. “[A] whale-ship was my Yale College and my Harvard.” —Ishmael in Moby-Dick (Read in colleges across the land; written by a high school dropout) GET ARTICLES, RECOMMENDATIONS, TIPS, AND INVITATIONS TO FREE CLASSES— JOIN MY PRIVATE E-MAIL LIST Send an e-mail to [email protected], with “private list” in the subject heading, and I’ll put you on my e-mail list, regularly sending you all the goodies described above. I’ll also e-mail you, as a thank-you for purchasing this book, these two free PDF reports related to my book: ■ The Dropout Revolution: Why Today’s Savviest Kids Are Forsaking Debt and Educating Themselves—In this free PDF report you will learn why many kids today are choosing to avoid student loans and to educate themselves. Featuring interviews with some of today’s hottest young entrepreneurs and rising stars, this report is sure to inspire you, challenge you, and make you think. 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