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How to be successful like Elon Musk?

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Elon Musk

The richest man in the world right now is Elon Musk. Not wanting Jeff Bezos to forget it, he says.

On Monday, the CEO of Tesla Inc. responded to a tweet from Jeff Bezos with an emoji of a silver medal with the number 2. The response from Mr. Musk seemed to be a reference to the fact that Mr. Bezos is the second-richest person in the world, after Mr. Musk.

In response to a tweet from Amazon.com Inc. founder Jeff Bezos that cited a 1999 article casting doubt on the tech giant’s business model, Mr. Musk posted a tweet of his own.

Mr. Bezos tweeted on Sunday night, “Listen and be open, but don’t allow someone tell you who you are.” “As one of the most successful businesses in the world today, Amazon has completely changed two separate industries.

As of Friday, Mr. Musk’s estimated net worth was $222 billion. The Bloomberg Billionaires Index shows that it has increased by more than twice over the previous year. The projected net worth of Mr. Bezos is $191 billion.

Messrs. Attempts to reach Musk and Bezos for comment were not immediately returned.

Early this year, Mr. Musk passed Mr. Bezos in wealth, largely due to a significant increase in the valuation of Tesla and his personal rocket company, SpaceX.

Table of Contents

Elon Musk’s life lessons

How to be successful like Elon Musk

Being eager to learn

Musk has a physics and economics bachelor’s degree, but he taught himself rocket science by reading books on propulsion and rockets.

This need for knowledge developed early in life. Musk learned how to code when he was a young boy and later sold his first game, Blastar, for roughly US$500.

When he was admitted into Stanford’s PhD programme in energy physics/material science in the mid-1990s, the father of seven knew that formal schooling would continue, but he also recognised a better possibility. Musk left after just two days to start Zip2, a software company that was later sold for US$307 million.

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Possess a sharp vision

When making cold calls to experts like Jim Cantrell, an aerospace consultant who had previously worked for NASA before co-founding SpaceX with Musk, Musk employed his well-practiced elevator pitch, which contributed to his success with SpaceX.

Musk’s vision begins with identifying a goal, comprehending the goal, and determining why the goal is important.

X.com and PayPal were both created by Elon Musk, an online billionaire, according to Cantrell. Musk could have retired on a beach drinking Mai Tais after selling X.com to Compaq for 165 million dollars in cash, but musk made the decision that humanity must evolve into a multi-planetary species. I want to use my money to demonstrate that humanity is capable of doing this, which is why I’m calling you. I need Russian rockets to do this.

Revert to the fundamentals

“I base my analysis on the physics method. You reduce things to their most basic forms, or fundamental truths, in a given field, and then you reason your way up from there, according to Musk.

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Don’t let doubters influence you

“When Henry Ford produced affordable, dependable vehicles, some individuals argued that a horse would suffice. He placed a significant wager, and it paid off, according to Musk.

If you have faith, it will happen.

How to be successful like Elon Musk

One of Musk’s success factors has been his boundless imagination, which he used to transform these fantastical concepts into reality.

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What we take for granted today – being able to communicate with people across great distances, send photos, fly, and access enormous amounts of data like an oracle – would appear to be sorcery a few hundred years ago, the author claims. A few hundred years ago, all of these things would have been regarded as magical.

Make errors

You’re doing something correctly if things aren’t going perfectly at first.

Here, failure is a possibility. You are not innovating enough if things are not failing.

Be laser-focused

In the early years of Tesla, Musk was rumoured to sleep under his desk and labour nonstop until the issue was resolved without losing focus. The creative entrepreneur is even rumoured to put in as many as 120 hours a week, with 80 being the ideal amount.

In 2018, Musk tweeted, “There are lot simpler places to work, but nobody ever changed the world on 40 hours a week.” However, if you enjoy what you do, job (most of the time) doesn’t feel like work.

Work incredibly hard.

Work arduously, said Musk. “I mean, all you have to do is work 80 to 100 hours every week. This raises the likelihood of success. Even if you put in the same amount of labour, if other people put in 40 hours per week and you put in 100, you will know that you will do what they do in a year in four months.

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Improve the future

Despite possessing more than $300 billion in his bank account, Musk is more interested in the opportunities that money may open up. He actually doesn’t want to pass away wealthy since that would be a sign of failure because he didn’t use his money wisely. Instead, he thinks his wealth will be used to establish a base on Mars.

According to Musk, you want things to get better in the future. “You want these brand-new, thrilling items that improve life.”

Big dreams

If Musk can teach us anything, it’s to dream extraordinarily large dreams that are out of this planet.

Musk stated earlier this year that “we don’t want to be one of those single-planet species; we want to be a multi-planet species.” Nearly 50 years have passed since people visited the moon last. That’s too much time; we must return and establish a permanent base on the moon. then establish a city on Mars to develop a space civilization.

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