" I operate on the physics approach to analysis. You boil things down to the first principles or fundamental truths in a particular area and then you reason up from there "
Elon Musk
Here are Elon Musk Books
1. Reinvest Profits Into Your Vision
Musk doesn't spend his billions on lavish lifestyles. Instead, he reinvests profits into his vision of making humanity a multi-planetary species, advancing clean energy and transportation . This shows his passion, dedication and long-term thinking essential for successful entrepreneurship.
2. Pursue Your Passions
Musk believes pursuing your passions is key to success. He started SpaceX because he was frustrated the US space program wasn't more ambitious . His goal is to solve technical problems that help everyone, not just make money.
3. Take Calculated Risks
Musk has taken more risks than most. By 2002 he had already sold his first two companies and invested the proceeds into SpaceX and Tesla . He's not afraid to go where he has little experience to uncover unexpected insights.
4. Understand Branding is King
Musk understands the importance of branding. While he may come across as immature at times, he's certainly having fun becoming the world's richest man . His unpredictable behavior hasn't hurt his businesses.
5. Invest in Yourself
Musk's best investments include companies he founded like PayPal, SpaceX, Tesla and The Boring Company . He's generated his wealth primarily through companies he started, not passive investments. Investing in yourself is key.
6. Embrace Failure as a Stepping Stone
Musk sees failure as a stepping stone to success. He knows every hurdle his businesses overcome helps everyone else solving the same problem . Failure is a necessary part of innovation and growth.
7. Aim to Solve Global Issues
Musk's companies aim to tackle issues like climate change and explore space . He's pushing for a sustainable future on Earth while laying groundwork for life on Mars. Solving global problems is a worthy goal.
8. Prioritize Efficiency and Cost Savings
Musk begins by asking basic questions to find cost savings and better user experiences . He uncovers insights that help his businesses run better than competitors by not taking anything for granted.
9. Surround Yourself with Talented People
Musk has mentored thousands of people . He's built teams of talented engineers and designers at his companies. Surrounding yourself with great people is critical to achieving big goals.
10. Enjoy the Journey
Despite being a workaholic, Musk seems to be enjoying himself more lately . He's stoked controversy with lawsuits, dope smoking, and wild social media outbursts. Elon Musk is proof you can have fun while becoming incredibly successful. Learn more : Real - Time Billionaires