Discover Bodo Schäfer’s timeless principles for achieving financial independence, developing a millionaire mindset, and living with purpose and balance.

Michael Ellsberg, author of The Education of Millionaires, writes:

“You’ve been taught a false belief. You were told that if you study hard in school, get into a good university, and graduate successfully, you’re guaranteed success in life. But the world doesn’t work that way anymore. If you want to thrive in today’s world, you need to focus on developing practical, real-world skills.”

There are countless opportunities for small businesses — you just need to know where to look. Here are some of Jeffrey Fox’s best strategies for finding your next big idea.

Jack Ma, the founder of Alibaba, once said:

“Poor people are the hardest to satisfy.
Give them something for free — they’ll think it’s a trap.
Tell them it’s just a small investment — they’ll say the profit is too low.
Ask them to invest big — they’ll say they don’t have money.
Suggest they try something new — they’ll say they lack experience.
Offer them a traditional business — they’ll say it’s too hard.
Introduce a new business model — they’ll say it’s a scam.
Tell them to open a store — they’ll say they’ll lose their freedom.
Tell them to start their own business — they’ll say there’s no proof it’ll work.”

When speaking to high school students, Bill Gates shared 11 lessons that, in his opinion, young people would never learn within the walls of school. He emphasized that constant lessons in optimism and political correctness often produce a generation disconnected from reality — which inevitably leads to disappointment in adult life.

“I managed to reach the pinnacle of success in the business world.
Many people see my life as the embodiment of achievement.
But aside from work, I had little joy. Wealth, to me, became nothing more than a habit — just a fact of life.”