Bill Gates shares seven rules for students to prepare them for the real world. He emphasizes the importance of accepting that life is not fair, and that self-esteem must be earned through accomplishments. Gates also reminds students that success takes time and hard work, and that mistakes will have consequences. He encourages students to embrace opportunities, even if they seem menial, and to take responsibility for their actions. Finally, Gates reminds students to appreciate their parents and the sacrifices they have made for them.