Happy Birthday Elon Musk: richest person in the world, Elon Musk 51. have become on Tuesday, June 28. The Tesla CEO is being wished on his birthday, even though he hasn’t been on a public platform much since meeting with Twitter employees earlier this month. Elon Musk Has become one of the fastest men to take his wealth from zero to billions, earning many feathers on his crown. He probably has the greatest wealth in the history of humanity with a net worth of $234.50 billion, according to the Forbes Real Time Billionaires List.
Being the richest person in the world has made Elon Musk popular among the business ecosystem globally, and many investors who aspire to accumulate such wealth look up to him. Elon Musk has been vocal about investing, and often gives advice on what to do with the money.
Here are important investing lessons to learn from Elon Musk
money is not everything
Musk said in 2012 that his focus was not on making money, and that he wanted to make a difference to the world. “Going from PayPal, I thought, OK, what are some other problems that could affect the future of humanity the most? Not from a ‘what’s the best way to make money’ perspective, he said at an event, Which is fine, but it’s really ‘what I think is going to impact the future of humanity the most.’ He focused on making a difference by making the world a better place, and that’s why he came up with Tesla. Thus, investors The lesson you can learn in this scenario is that if you focus on what you love and make a positive impact, you will get results.
Best investment is self-investment
“Constantly think about how you can do things better, and question yourself,” is one piece of advice young investors should take from Elon Musk. From an early age, the billionaire focused on learning and investing in himself. When eBay bought PayPal in 2002, Musk used his $180 million cut to reinvest in other startups like Tesla, SpaceX, and others. Even though Tesla and SpaceX had a bad start, Musk hasn’t stopped investing in his own ventures, and in 20 years, he has increased his net worth by 1,500 times. And he didn’t stop there, and continued to invest more, his most recent achievement being the acquisition of his beloved platform, Twitter.
take risks, do what others are afraid to do
Elon Musk doesn’t believe in playing safe and building his fortune slowly over several decades. According to the Tesla boss, investors should use their logic skills and choose the winning stocks to invest in and then build the portfolio. Betting on the long term should also be considered, and Elon Musk’s investments are just a reflection of his beliefs. Billionaires also believe in doing something that other people would not normally do in order to get better returns than those who invest in common stocks.
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