The Education of Millionaires by Michael Ellsberg Audiobook | Free Summary

Free Audiobook summary of the book The Education of Millionaires by Michael Ellsberg.People don’t talk about the best-writing author; they talk about the best-selling author.The Death Of Job SecurityThe traditional method of job advancement is no longer viable for two reasons:● Job security is dead; no longer can you work for the same company for the rest of your life.●The internet and technology have enabled much more flexible work styles.That Risky DreamEntrepreneurship is similar to dating in that failure is unavoidable and part of the learning process. What is most important is resilience.If pursuing a risky dream teaches useful business skills along the way, even in the worst-case scenario, the pursuer ends up learning useful skills.Two Kinds Of KnowledgeYou have street smarts and practical knowledge because you learned it "in the real world" and know how to apply it. This knowledge can only be gained through practise.Theoretical, abstract knowledge obtained from books and school has no connection to your experience or the real world. This knowledge is more difficult to apply.Get inspiring big ideas from world's best books, articles, podcasts and videos on nextbigwhat.Subscribe to #BigIdeas podcast by NextBigWhat on your favourite podcast platform:Spotify: https://open.spotify.com/show/70AjydAWmDnwhgCLrjk3yaApple Podcasts: https://podcasts.apple.com/us/podcast/bigideas-by-nextbigwhat/id1666179584Amazon Music: https://music.amazon.in/podcasts/c5a37dd2-f729-4e6b-b671-b4c856bf48ce/bigideas-by-nextbigwhatCastbox: https://castbox.fm/channel/id5282308Pocketcasts: https://pca.st/vur21t8oStitcher: https://www.stitcher.com/show/1053194 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit ideas.nextbigwhat.com/subscribe