1.“My proceeds from PayPal were $180 million. I put 100 m in SpaceX, 70 m in Tesla and 10 m in Solar City.”
Understand the risk- reward concept. Sometimes, bigger risks bring with them bigger chances of rewards.
Sometimes, you have to put everything on the line. That’s just part of it.
One of the most eye opening books I’ve read, was “Elon Musk: Tesla, SpaceX, and the quest for a Fantastic Future”, by Ashlee Vance. I’d highly recommend you to check it out, to know more about his breathtaking journey in the world of business. Purchase a copy below, and we'll ship it over for free.
2.“If something is important enough, you do it even if the odds are not in your favor.”
In the long run, it is those who persist and keep trying, that succeed. It is really important to love and appreciate what you’re perusing. If you really love what you’re doing, you’ll persist until it’s successful.
3.“I think it is possible for ordinary people to choose to be extraordinary.”
Where you come from, or what you were, had nothing to do with what you can become. Rid your mind of clichés and stereotypes and do what you really want to.
4.“When I was in college I wanted to be involved in things that would change the world. Now I am.”
Born in Pretoria, South Africa, Elon came from humble beginnings. As of 2017, he is worth 16.8 Billion USD.
5.“Failure is an option here. If things are not failing, you are not innovating enough.”
Fail forward. Failure is a part of success.
6.“The first step is to establish that something is possible. Then probability will occur.”
Unless you believe it’s possible, how will you find ways to make it work…
7.“Any product that needs a manual to work, is broken.”
Automation is the future.
8.“I could either watch it happen, or be a part of it.”
Take action. Period.
9.“No, I don’t ever give up. I’d have to be dead or completely incapacitated.”
He says it all. The moment you quit, you lost.
10.“You want to be extra rigorous about making the best possible thing you can. Find everything that’s wrong with it and fix it. Seek negative feedback, particularly form friends.”
Constantly keep asking yourself: “How can it be done better?” and don’t settle till you find an answer. Remember, absolute perfection in unattainable, this leaves an endless room for improvement.
If you want a deeper insight into the mind of one of the most successful inventors of our time, make sure to grab a copy of his biography, below.
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