Tuesday, September 27, 2011

Self made millionaires and billionaires invested in themselves and not in formal education

Source: AtGoogleTalks Youtube channel

"The richest billionaire executive on the planet and the lowest-status minimum-wage worker have at least one thing in common when it comes to work: they both have 24 hours in the day. So what distinguishes the high-earning executive from lower-paid workers? It's the amount of capital they are able to combine with that 24 hours each day. Not just capital in the form of money and business systems, but also the amount of intangible 'human capital' they bring to their work: knowledge, wisdom gained from experience, mindset, the ability to sell their vision effectively to others, and the 'social capital' of their business connections.

Michael Ellsberg has spent the past year interviewing some of the most successful investors in human capital on the planet, for his book 'The Education of Millionaires: It's Not What You Think and It's Not Too Late'. These millionaires and billionaires all reached their success while sidestepping one of the most popular (and expensive and time consuming) forms of human capital: formal higher education. In so doing, they learned how to make fast, lean, low-cost-high-payoff investments in their own human capital, in the real world. In this talk, Michael Ellsberg explains how to make the most fast-acting, direct, high-impact investments in your own human capital and career success, based on what he learned from these masters of self-education and from his own experience."

The video is 53 minutes long.



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