Principles of Elon Musk's Success

Elon Musk is often considered to be the public person who has been the most imaginative and inspiring in the 21st century.

He is also one of the most successful businesspeople of the modern age and is known for taking some of the most significant risks in the corporate world. He is the one responsible for the transformation of many different things, such as electric and autonomous automobiles, online payment systems, and high-speed public transit, and currently, he is working on a mission to colonize Mars.

Musk comes in at number 23 on the Forbes list of the wealthiest people on the planet and also holds the 25th spot on that publication’s ranking of the most powerful people in the world.

As can be seen from the information shown above, Elon Musk must have put in a significant amount of effort, time, and patience in order to create and operate a number of businesses that have proven to be highly successful and inventive.

We are going to go through six life lessons that Elon Musk employs, some of which are for productivity, some of which are for general life, and some of which are sort of meta things that we can learn from, hopefully, to assist us in living our own best lives.

First and foremost, attaining success does not in and of itself improve one’s quality of life.

Despite his enormous success, whenever Elon is questioned about his methods, he frequently responds by stating that he would not recommend his way of life to many other people. This has a connection to an interesting idea developed by Tim Urban known as “pixel theory.”

The point that is being made here is that even if we live in a pixel, life itself is a picture. When we think of someone who is wealthy and successful, we tend to think of them in terms of the larger picture, such as the fact that they are the wealthiest people in the world, that they hold all of the power and influence, celebrity, and status, and that they engage in interesting activities.

But these people’s lives are only as big as a single pixel in the bigger picture. As a result, the overarching story of a person’s life has less impact on whether or not that person is happy and content, and whether or not they find purpose in life and in the things that they do. A lot of attention is also paid to their trip and the things they do every day.

And if Elon is telling people that he won’t promote his lifestyle, then we shouldn’t be so eager to try to lionize it and assume that this is the model for how we should spend our lives. Instead, we should live our lives in accordance with our own values and principles. We shouldn’t be so quick to try to adopt absolutely everything in someone else’s life philosophy.

What we should do instead is pick the important parts that resonate with us and that we can apply to our own lives. We can do this by choosing the important bits that resonate with us and that we can apply to our own lives.

The Second Lesson: Never Be Afraid of Failing

The fear of falling short of our goals is the primary reason we do not achieve what we desire. We are terrified of being unsuccessful, so we do not submit applications for the jobs of our dreams. Another reason we don’t talk to the person we like is that we don’t want to risk being turned down.

Failure is not unfamiliar territory for Elon Musk. He had not one, but two unsuccessful rocket launches, which together cost in excess of sixty million dollars. Nonetheless, he devised a contingency plan. He made a solemn oath that the firm would be shut down if SpaceX was unable to successfully launch its first rocket before it exhausted its $100 million in funding. In light of this, they made one more effort to make it work.

Elon has been perilously close to experiencing financial and business collapse several times, not just with Tesla but also with the many other firms in which he has invested. Fear is natural, and there is a certain amount of failure that may occur; what separates you from the rest of the pack is the ability to push on in spite of the setbacks you experience.

Lesson Three: Take a Shower Every Day

You are not the only one who thinks that some of their finest ideas come to them when they are washing their hair in the shower. In point of fact, when asked on Reddit what one habit he practices on a daily basis that has had the most significant beneficial influence on his life, he simply responded that it was bathing.

Elon enjoys taking lengthy showers every day because they help him get into the appropriate frame of mind and because he believes that his creative potential is stifled when he does not have access to a shower.

According to the findings of a recent survey, 72 percent of respondents consider the time they spend in the shower to be excellent thinking time. The fact that you are more concerned with cleaning up that hard-to-reach region beneath your shoulders than formulating a plan for your important assignment may make this assertion seem illogical; nonetheless, scientific research corroborates your position. You may break out of a mental rut by taking a shower, get yourself back on track when you’re lacking motivation, and enjoy a better night’s sleep as a result.

Fourth Lesson: Reading

Elon provided this response when he was asked how he was able to establish SpaceX without having a degree in rocket science. Elon Musk spent ten hours reading each day when he was a young man, long before he became the CEO of Tesla or even before he cofounded PayPal. He appears to constantly have a book in his hands, and he reads for a total of 10 hours each day. In the event that it was the weekend, he would be able to read two volumes in a single day.

Elon himself claims that at one point when he was in the third or fourth grade, he ran out of books to read in the school library and at the local library and that he attempted to get the librarian to buy books for him. Elon was in the third or fourth grade at the time.

Elon Musk learned the craft by reading about rocket construction. As a result of the unreasonably high expenses associated with building a rocket, Musk came to the conclusion that he could do it himself after researching how to accomplish it. He worked hard because he wanted to reach a certain goal and fill a certain need for knowledge. He did not give up until he had learned all he wanted to know.

And he is hardly the only illustration of the problem. Reading is a hobby that all 1,200 wealthy people in the study have in common, which shows that this is one of the things they have in common. However, those that are successful don’t simply read anything. They are very picky about the material that they read because they prioritize gaining knowledge above having fun. They hold the belief that reading books is a method to gain knowledge and understanding.

Lesson Five: Set Stretch Goals

a former executive at Space X has spoken about how demanding Elon Musk was when it came to setting goals. Since the company’s objective was to create a car that could travel from Los Angeles to New York on a single tank of fuel, it was decided that the team would spend one year working on the vehicle and testing all of its components.

The following year, when they left for New York, all of the vice presidents thought to themselves in private that the car would be lucky to make it to Las Vegas. However, what actually occurred was that the car made it to New Mexico, which was twice as far as they had ever anticipated, and Elon is still upset about it.

Elon has this insane standard of achievement that he sets not just for himself but also for his team. Individuals do state that he can be quite demanding, have a very short temper, and dismiss people if he believes that they are not being slender enough or are not moving quickly enough.

And when it comes to a company like Tesla, the original release date for the Tesla Roadster was meant to be in 2006, which was a wildly ambitious goal, but it didn’t happen until 2008. Therefore, it took around two years longer than other rivals would have, yet it was nonetheless completed more quickly.

Lesson Six: Pay attention to nothing except what really matters.

Elon Musk said the following in one of his commencement speeches:

I would recommend putting more of your attention on the signal rather than the noise. A lot of businesses become confused, and as a result, they spend money on things that do not truly make the product better. As an example, at Tesla, we have never invested any money in marketing or advertising. We poured all of our resources into research and development as well as production and design in an effort to produce a vehicle of the highest possible quality.

The gist of what he is trying to convey is that we need to concentrate our efforts on the critical 20% of activities that are responsible for 80% of the outcomes. And this is really a valuable lesson to remind ourselves of on a consistent basis, such as, are we doing the thing that’s generating results? Or are we just doing things that make us feel like we’re working and that other people see as us being productive? But it isn’t going to gain us the things that we want to get out of life, particularly if we aren’t enjoying ourselves along the way.

When we think of work as something that has to be difficult and that has to include pain, we have a tendency to assume that things need to be more difficult than they really are. Because of this, we often find ourselves doing things that on the surface look like work but are really just a waste of time.

You May Love: How To Avoid Distractions like a Billionaire

Leave a Reply

Your email address will not be published. Required fields are marked *

2 replies on “The Underlying Principles of Elon Musk’s Success”


This error message is only visible to WordPress admins

Error: No feed found.

Please go to the Instagram Feed settings page to create a feed.