How Elon Musk Became Rich

I feel fear quite strongly so it’s not that I don’t have fear. But if I think it’s important enough then I just override the fear. -Elon Musk

He’s the man who founded Paypal and Tesla. This man is truly in the race to apex.

Elon Musk started out in college, barely scraping by. He worked just enough to pay bills and provide himself with just barely enough to keep him fed. This young man eventually graduated with a double major in physics and economics. He wanted to be where the action was – Silicon Valley – and he would eventually get even closer.

One day while looking for a job, he called up a prominent business figure for an internship. The newspaper from which he read about this figure didn’t provide any contact information, so he hunted that fellow’s phone number down himself and straight up called him.

“I’m looking for a job, bro.”

“What?! How’d you get my number, you stupid little-”

“Please, I found your job on the newspaper, and I found your number with great difficulty, but still managed to find it. I really want this job.”

With some persistence and persuasion, he eventually got the job.

When the Internet was still at its infancy, nobody had confidence that it would grow so immensely. But Musk saw an opportunity and jumped at the chance – eventually dropping out of his Ph.D program in pursuit of creating a venture, which would eventually become known as Paypal.

He later sold Paypal for $1.5 billion to eBay. That same year, he launched SpaceX with the money he made.

Then he made Tesla. At the time, it was a high-risk, high-reward venture. How would he compete with Hyundai, Toyota, Mercedes-benz, and Honda? Who’d buy an electric car, and there weren’t even much charging stations available.

Tesla is now a trailblazer in energy-efficient automobiles with revenues of billions of dollars per year. In fact, Tesla’s power cannot be measured in just dollars, but also in its influence over older and much more established car manufacturers, who are now under pressure to produce energy-efficient and electric cars of their own to compete with Tesla.

Musk risks it all to gain it all. He’s said publicly, “Failure is an option here. If things are not failing, you are not innovating enough,” and, referencing a SpaceX launch in 2012, “I feel very lucky.” What he cannot control are twists of fate, though he can control the risks he is willing to take and the consequences he is willing to deal with if he fails. Failure always occupies his mind — it’s just a matter of life.

This man might fall in the future and go bankrupt. He’s just getting started, though. We’ll see how far this man can go in his race to success.. or failure.

The Lesson-

If you got the guts to risk it all, and if you’re willing to keep failing and risk losing everything, then you should keep at it and see how far you can go.

Conquer your fears

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