Inside Trump University

This Issue: Why Success = Your Ambition + Know-how

Issue 54

Knowledge Plus Ambition = Success

Data from the U. S. Census and other sources tell us that people with college degrees usually earn more money than people who don't have them.

But no matter how hard you scour the Internet, you won't find any statistics aboutthe growing number of self-educated entrepreneurs who are joining the ranks of the supremely successful. Some of them have college degrees, some don't. It doesn't matter that much. A combination of knowledge and ambition propels them into the ranks of the extremely wealthy.

A good place to study these new achievers, and find inspiration, is Entrepreneur Magazine's Young Millionaires 2006 list.

There you'll meet young entrepreneurial millionaires like Tina Wells, founder of the Buzz Marketing Group, Maureen Kelly, founder of Tarte Cosmetics and Jeff Fluhr, founder of StubHub. You'll also find Andrea Lake, one of the Apprentice candidates from last season.

And you'll find out something else pretty interesting. When Entrepreneur asked each of these young millionaires the question, "When did you first realize you had made it?" not a single one answered, "The day I graduated from college" or, "The day I earned my MBA." Every one said something like "The day my products got into QVC" or, "The day The Wall Street Journal profiled my company." It's progress in the real world, not an academic setting, that makes the difference.

So study hard and add the skills you need. But don't omit raw ambition from your success formula. If that's missing, all the book learning in the world won't bring you the riches you want and deserve.

Michael Sexton is President of Trump University. To make sure you have the real-world knowledge to put your enterprise on the map, investigate our premier class on entrepreneurship, The Entrepreneurship Mastery Program.Classes now forming.

The Trump/Kiyosaki Road to Riches

An exclusive look between the covers of our new book, Why We Want You to Be Rich

Why We Want You To Be Rich: Two Men, One Message describes a path to wealth that you won't find in other books. We'd like to share some of our unusual advice today on the Trump blog.

You Need to Live Well to Get Rich

Most financial authors advise people to live below their means. One actually recommends taking your daily cappuccino money and investing it in mutual funds instead. We don't like that advice. It means living below your means. We believe in expanding your means instead. The real path to riches is to live bigger by playing to win - but in smart ways so that you do win.

You Must Invest to Win

Most financial experts tell you that the whole point of investing is to play is so safe that you cannot lose money. Those experts have it wrong. They're not focusing on winning. They're focusing on not losing. And that is a very big difference. The key to getting rich is to invest so intelligently that you win consistently.

Making Money Should Be Fun

Instead of sticking with safe investments that don't excite you, grow rich by doing things that you really enjoy. Have fun. Become an entrepreneur and start your dream business. Invest in real estate. Make deals with interesting partners who can advance your interests. You'll learn and earn more by having fun than you will by being overly prudent. Plus, you will supercharge your desire to win and earn even more.

Remember, Higher Earnings Do Not Mean Higher Risk

Many people believe that investingis like gambling. The more you want to win, the more you have to risk, and the more you stand to lose. In our new book as in our lives, we have proven that nothing could be further from the truth. The key is to find smart ways to win big. We have done it. You can do it too. It is part of our new way to get rich.

Donald J. Trump is Chairman of Trump University. Robert T. Kiyosaki, an international entrepreneur specializing in mining and real estate, is author of the runaway bestseller Rich Dad Poor Dad. Learn more by reading Why We Want You To Be Rich: Two Men, One Message by Donald J. Trump and Robert T. Kiyosaki.

The Trump Flagpole

I recently went to war with the City Council in Rancho Palos Verdes, California, over - of all things - an American flag and a flagpole.

I have a 70-foot flagpole with a gorgeous American flag waving over my Trump National Golf Club. I thought it was the epitome of patriotism.

Apparently, some members of City Council thought otherwise. They tried to get me to take down the flag, saying it was too tall. When they voted on it, two of the five members of City Council actually voted against letting the flag fly.

Personally, I don't understand how they could do that. They were voting on taking down the American flag! That's rather anti-American.

The City Council received hundreds of emails from angry citizens - including war veterans - who were thrilled with the flag and wanted it to remain.

I'm obviously very happy with what happened in the end. It's a great day for the American flag and what it represents.

Donald J. Trump is Chairman of Trump University. For more insights on building a business that expresses your values, enroll in The Entrepreneurship Mastery Program. Classes now forming.