Happy Birthday Elon Musk. Elon Musk, the richest person in the world, is the most popular person among the business ecosystem, and investors who aspire to accumulate such wealth always look up to him.
Happy Birthday Elon Musk: The world’s richest person, Elon Musk, turns 51 on today, Tuesday, June 28. Birthday wishes are pouring in for the Tesla & Space X CEO on his birthday, though he has not been much in the public forum post his meeting with Twitter employees earlier this month. Elon Musk is one of the fastest persons to take his wealth from zero to billions, which earning himself several feathers on his crown. He probably accumulate biggest wealth in the history, with a net worth of $234.50 billion as per the Forbes Real Time Billionaires List. Elon Musk has been vocal many times about investing, and has often given his valuable advice on what to do with money.
The Key Investment Lessons to Learn From Elon Musk
In 2012, Musk had stated that his main focus was not on making money, and he always wanted to make a difference for the world. “Going from PayPal, I thought, well, what are some of the other problems that are likely to most affect the future of humanity? Not from the perspective, ‘what’s the best way to make money,’ which is okay, but, it was really ‘what do I think is going to most affect the future of humanity,'” he told at an event. He focused on making the world a better place, and therefore he came up with Tesla. Hence, investors can learn in this scenario that if anybody focus on doing what they love and make a positive impact, they will get results.
Self-Investment is the best investment
“Constantly think about how you could be doing things better, and questioning yourself,” this is one of the best advice that young investors should take up from Elon Musk. The billionaire focused on learning and investing in himself from an early age. In 2002, Musk used his cut of $180 million to reinvest into his other startups such as Tesla, SpaceX, and others when eBay bought PayPal. Tesla and SpaceX had rough starts, even though Musk did not stop investing in his own ventures. In 20 years, he has grown his net worth by an unimaginable 1,500 times. Still he has not stopped here and continued to invest more, with his most recent achievement being the acquisition of the social media platform Twitter.
Do The Things Others are Afraid Of Doing
Elon Musk do not believe in playing safe and building one’s fortune slowly over a decades. Investors should use their skills and pick winning stocks to invest in and then build the portfolio, according to the Tesla CEO. Parallelly, one should also consider betting on long term. Elon Musk’s investment strategies are just a reflection of his beliefs. The billionaire also believes to do something that others normally afraid to do, this makes better returns compared to those who invest in common stocks.
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