#96: Why You Shouldn't Go To College, Own a House, or Buy Stocks
The Jay Ferruggia Show
Jay Ferruggia
4.9 • 1.6K Ratings
🗓️ 10 May 2016
⏱️ 52 minutes
🧾️ Download transcript
Summary
In this episode, Michael Ellsberg busts myths on following the traditional path to success. Tune in to discover the real steps to financial security, personal freedom, and lifelong happiness.
We discuss…
2:16: How did Michael get started as a writer?
3:18: The strange thing that happens when you make strangers hold eye contact in a bar
5:42: Why Michael started studying college dropouts
7:27: The one life skill that all successful people practice
9:05: Why is college a waste of time?
12:37: Think traditional stock investing is a good source of income? Think again
17:02: Michael's SAFE plan for financial investing (and why it'll actually make you money)
20:58: How to reverse years of bad spending habits and re build your bank account
22:42: What do Ancient Greeks and today's leaders have in common?
25:27: Super skills vs. market skills and which ones you should work on
27:38: Using your "happiness exchange rate" to experience more fulfillment
32:56: The unfortunate reality of over-prioritizing your goals
37:20: Why buying a home can crush your financial growth and personal development
44:33: How to build your tribe and find "true wealth."
If you want more from Michael, be sure to check out his website at www.ellsberg.com and his two books:
The Last Safe Investment
The Education of Millionaires
You can also find him on twitter @MichaelEllsberg and at Facebook.com/MichaelEllsberg.
This episode is brought to you by Onnit Total Human Optimization. Get your Shroom Tech Sport, Alpha Brain, Hemp Force and more incredible supplements and fitness equipment at onnit.com/Renegade. And use the coupon code "Renegade" at checkout to save 10%.
Thank you for listening.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | What's up everybody? Thanks for tuning in to another episode of the Renegade |
| 0:17.0 | Radio Podcast. This episode is brought to you by Onet Total Human |
| 0:20.8 | Optimization. On it has the highest quality supplements made from earth-grown nutrients. |
| 0:26.0 | This is top of the line stuff, my friends. |
| 0:28.0 | They also have some of the best functional fitness equipment available anywhere |
| 0:32.0 | and some of the most badass |
| 0:34.8 | t-shirts which are just incredibly soft made a bamboo great fit and |
| 0:39.4 | really cool designs so go to on it |
| 0:43.7 | dot com slash renegade right now to save 10% on your order that's |
| 0:49.3 | oh n n n i t slash renegade and you can save 10% on your order. |
| 0:55.7 | Today's guest on the show is Michael Ellsberg. |
| 0:58.9 | We had a great conversation about the essential skills |
| 1:02.3 | you really need to excel in a 2016 world and beyond. |
| 1:07.0 | I really enjoyed it. I mean learning these things will do far more for your future security than investing in stocks and bonds and buying |
| 1:16.7 | property and all the things that you're you know supposed to do and told to do and |
| 1:21.2 | we also discuss why going to college and why owning homes are also really bad |
| 1:26.6 | ideas. So I want you guys to listen to this with an open mind if you could do that for me and just you know realize please don't think |
| 1:35.2 | that it's too late to make any of the changes we discussed here you know don't |
| 1:38.9 | think well should I made this mistake and I made that mistake and I invested all |
| 1:42.2 | this money in my college education and I made that mistake and I invested all this money in my college education |
| 1:44.1 | and I bought this house. It's not too late to undo some of those things so keep an open mind and I hope you |
| 1:50.8 | enjoy it. Here's my discussion with Michael Ellsberg. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Jay Ferruggia, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Jay Ferruggia and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.