Four tips from Elon Musk: how to succeed and become rich

By SSPDaily editionJan 22, 2024 21:03 PMSociety
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Four tips from Elon Musk
Four tips from Elon Musk. Source: finance.yahoo.com

It's not a given that following Musk's advice will make you a billionaire. However, they will probably make you a stronger leader, a bolder entrepreneur, and simply a happier person.

GO, a business advice website, has published an up-to-date article about the most interesting recommendations of Elon Musk for everyone who wants to succeed. In particular, the richest man on the planet talked about the importance of eternal values, perseverance, and self-development.

Be useful to others

Musk has built his personal and corporate brand on the concept of improving the human race - namely, space exploration and the creation of emission-free cars.

In 2021, on a podcast, he said: "Do things that are good for your fellow human beings, for the world. It's hard to be useful. Very hard."

This philosophy has made Musk the richest man in the world, but is it practical advice?

"'Being useful' is not just about providing a service or product," says Finn Whitley, a leading author of The Small Business Blog, executive coach, former risk manager and investment analyst. "It's about filling a gap, a void in society that needs to be filled. In general, strive to have a positive impact, and the money will inevitably come."

Grow the pie, don't take pieces from other people

In one of his many interviews, Musk shed new light on the mindset of trying to "grab your piece of the pie."

"Some smart people take questionable positions from a moral standpoint," he told the interviewer. "This is often because they have a zero-sum mindset at a basic level. If you have that mindset, the only way to succeed is to take something away from others. If the pie is already divided, then the only way to get more pie, from their point of view, is to take someone else's piece. But this is wrong... It is much better to work on increasing the pie, that is, to create more than consume."

Become an avid reader

Like many other successful people, Elon Musk believes that reading is part of the foundation of success.

He said: "I would advise people to read a lot of books. Try to absorb as much information as possible, and also develop good general knowledge to have at least a rough idea of the knowledge landscape."

Work hard and be persistent

Musk is known for his rigorous work schedule, reaching 80-100 hours a week. He even once tweeted: "No one has ever changed the world by working 40 hours a week."

At the same time, the entrepreneur not only works hard, he also effectively overcomes setbacks.

The first three launches of SpaceX's Falcon 1 rocket ended in disaster, and Musk watched as the rockets crashed, burned, ran out of fuel, or fell to the ground. But, like all great innovators, he kept moving forward.

As a result, his Falcon 9 has achieved an impressive 99% success rate with only two failures in 232 launches.

About this difficult experience, Musk said: "Persistence is very important. You must not give up until you are forced to give up."

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