Rich guys and what they taught me – The Wool Guy

by Stephen on October 19, 2009 · Comments

The guy that brokers the wool deals talk me a lesson about getting wealthy

I’m a believer in education, I really am, and my children’s eduction is very important to me. I’ve pursued high-level tertiary education myself, and I regularly attend business and personal development courses.

But I’m also a believer in determination, passion and experience. A huge believer in fact, and sitting next to a guy in the Wool business one evening  after speaking at an Icehouse event, I was reminded of why…

His story went something like this:

He was sacked from his first job packing shelves at K-Mart when he was young. I believe he left school early as he suffered with dyslexia and to add insult to injury, as he walked from his job that day, his boss told he would never amount to anything.

That comment ignited a fire in his belly. He so badly wanted to prove the world wrong.

He now owns and runs a company in the wool industry turning over tens of millions of dollars each year.

The key to his success wasn’t some fancy education – it was something thats hard to teach – it was pure determination, passion and drive to achieve his dreams.

I truely believe some people are born with it. Born with such determination and passion that it’d be hard for them to fail – like Gary van Ner Chuk. I blogged about him a couple of days ago and posted a video in which he explains how school wasn’t really for him. His constant ‘F’ grades told him that.

But get this. During the weekends he was down at the mall earning over $2k selling base ball cards each week, and dispite what the education system said about him, he’s gone on to become famous and build a company  turning well over $60m a year.

A lot of people fail in the ’system’, but one of the things I’ve learnt over my career in is that there’s no substitute for determination and passion. Someone who’s clear about their dreams and has the drive to achieve them, will almost always outsmart someone with only an education.

I’ve also learnt as a father that I’ll only influence my children if I have their attention and respect. More important than my children’s education is that they learn to focus, to be strong in themselves, to form their own opinions and believe they can do anything. Their self esteem is precious to me.

Unfortunately those values aren’t always treasured in the education system, but I am certain it will do a lot more for you over the long term than any single university degree.

Do you agree? What are your thoughts?

If you like this post I would really appreciate if you could share your support on one of these networks. Thanks so much, it makes a huge difference to me.

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  • I should say this guy, was an awesome guy, with such an inspiring story. In fairness to him, the details are a little sketchy so I may not be telling his story perfectly, but the substance and his success is certainly real.

    So my thanks goes to him for reminding me of how important it is to treasure and develop peoples confidence ahead of everything else.
  • i totally agree. i gave 2 jobs i had got. i have a low score from college. but i think i have a lot of passion n determination in what i do. hope to turn around things. thanx for the post. it has inspired me further. Thankfully my father is also very supportive too.
  • ToddSmithPhoto
    I agree. Education can teach you problem solving. It it great for learning research skills. But it also teaches you to get directions from a teacher. It doesn't always give you the confidence to find your own way, to listen to your own heart and to develop a life of integrity based on that.
  • charlesreid
    Does the education system really teach you how to problem solve? No, you should say "become followers". This so called education uses an old out-dated system that worked it the past. Humanity could be so much further ahead if we taught "common-sense" instead of just following a system. Yes, I do believe if you have determination, passion and drive you can do anything. But why is humanity losing its common-sense? We rely on the large majority of people to do the grunt work “following”, if we didn’t have them the system would crumble. We have the technology to put all these followers out of a job. The education system needs a radical change. How do you get the followers to demand change when they may lose their jobs? They won’t. Will governments, business tycoons and terrorists give up their money? No. Money is a weird creation by man, do we need it? We should be focusing more on common-sense, how to get up to date information, being self-sustaining, fostering self-confidence and encouraging new ideas.
  • Lee Imperial
    Myself is a good example of this article, I didn't had any degree or study in college but I landed on my dream job, now I am working in an airline company without any college degree. All I needed was my passion to get this job and determination.
    Great article so motivational and striking to those who want to pursue their dreams.
  • AlisonB
    There are a whole bunch of things that will help you "succeed" in life (and I put "succeed" in inverted commas, because whose to say that the only "success" in life is building a multi-million $ business?).

    If you come from a dysfunctional or abusive family, you're further back from the starting line than someone who comes from a loving and supportive family. Education gives you an advantage over those who do not have an education. That said, not all education is created equal - a good degree from a good university is worth far more than a degree in a mickey mouse subject from a tumbleweed institution that took six years to get. If you enjoy good physical and mental health, you're ahead of the game already. If you come from a particular class background or social milieu where "success" is expected, it's easier to "succeed" than if you come from one where no-one "succeeds" and your "success" automatically puts you apart from your family and your peers. And so on. A motivational American dream ideal that all you need is drive and determination is a tiny part of the story. That's where you start - it's not the be-all and end-all.
  • didic
    Gary van Ner Chuk is an extremely irritating presence in the world of wine. His presentations are childish and unprofessional at best. Arrogant, boorish and just plain ridiculous, his knowledge of wine is questionable beyond a middling level as is his palate. He may be financially successful but that is because he is a good carnival barker. Many frauds throughout history have made piles of money. He's just another in a long line. You used a poor example in your blog and for someone who enjoys education as you do, your spelling is atrocious.
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