What's the Big Idea?
Michael Ellsberg is a contributing writer for Forbes and author of The Education of Millionaires: It’s Not What You Think, and It’s Not Too Late, a bootstrapper’s guide to investing in your own human capital. After graduating with high marks from the prestigious Brown University, Ellsberg spent a good part of his twenties living with his parents. He'd done exactly what he was supposed to, and yet he still found himself struggling to make ends meet.
Inspired by his own failures -- from catastrophes at work to a humiliating rejection from a fiction publisher -- he has become a fierce advocate for another kind of education. To write the book, Ellsberg interviewed some of the most successful people on the planet who didn’t complete college (Facebook co-founder Dustin Moskovitz and Sean Parker, designer Marc Ecko, Pink Floyd guitarist David Gilmour) looking for common themes and experiences, which he culled into a “Syllabus for a Successful Life."
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What's the Significance?
The majority of today's recent graduates and the newly unemployed who find jobs will do so on the "informal job market" -- without using a job search engine or submitting a formal application.
80% of hiring happens on the informal job market, where formal credentials are much less important than who you know and job requirements are flexible. This includes outside referrals (somebody who knows somebody) and promotions within a company. "If you know somebody who knows somebody who works in an organization that is hiring, you can get a referral and it doesn’t really matter what your GPA was or how you did on your tests or your credentials. What matters is that you have a great resume of results that you have gotten in the real world and that you’re a good networker, that you know people," says Ellsberg.
That means that jobseekers should be focusing less on what specific skills they have or don't have, and more on becoming a skilled networker. "That, to me, is the number one skill, and of course also learning the skills of the area that you want to do business in, to have a career in, which you’re unlikely to learn in college," says Ellsberg.
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This economy has us in survival mode, stressing out our bodies and minds.
- Economic hardship is linked to physical and psychological illness, resulting in added healthcare expenses people can't afford.
- The gig economy – think Uber, Lyft, TaskRabbit, Handy – is marketed as a 'be your own boss' revolution, but it can be dehumanizing and dangerous; every worker is disposable.
- The cooperative business model can help reverse wealth inequality.
Meanwhile, Spaniards are the least likely to say their culture is superior to others.
- Survey by Pew Research Center shows great variation in chauvinism across Europe.
- Eight most chauvinist countries are in the east, and include Russia.
- British much more likely than French (and slightly more likely than Germans) to say their culture is "superior" to others.
A new study explores how certain personality traits affect individuals' attitudes on obesity in others.
- The study compared personality traits and obesity views among more than 3,000 mothers.
- The results showed that the personality traits neuroticism and extraversion are linked to more negative views and behaviors related to obesity.
- People who scored high in conscientiousness are more likely to experience "fat phobia.
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