Elon Musk by Ashlee Vance

Elon Musk - Top 5 Rules of Success

Today, Elon Musk is one of the 30 richest people in the world. The total value of Elon Musk is more than 70 billion and it is very likely that in the next five or ten years, Elon Musk will be included in the list of the ten richest people in the world. You will find out at the end of this book how it all happened but for now, if I were to write something to compliment him, Elon Musk is called the real Iron Man of today's world. Some people even say that if there is anyone else who is revolutionizing technology after Steve Jobs, it is Elon Musk. So today I will tell you five habits of Elon Musk that made him very successful from the book named as “Elon Musk by Ashlee Vance”. If you understand these things and practice them in your life, you too can become a successful person. If you follow only ten percent of them, you too can lead a very successful life. At the same time, there is a good chance that you will become a billionaire. So let's get started.

Habit no. 01, (Reading books for brain development)

Elon Musk's childhood was troubled. His parents divorced. He was beaten by school children. On one occasion, some children beat Elon so badly that he had to be hospitalized for a week. So no one considered Elon Musk a special child in any way, but there was one thing that was special about Elon Musk. He read a lot of books since childhood. He read school books as well as all the other books in which he was interested. His mother says Elon Musk spent five to ten hours a day reading books. He would sometimes finish two books a week. Whenever he was not at home, his mother would go to library that was near to his Elon house to look for him, and interestingly, he was always in the library and reading books. There were two libraries near his house and he read all books. He often asked librarians to bring more books to libraries. When Elon Musk couldn't find anything to read, he finished reading the Encyclopedia of Britannica. Elon Musk's colleague once asked him how he knew so many things like rockets and planets. "I read a lot of books," Elon Musk said seriously. So the first thing that will help you become like Elon Musk is to read books and learn more.

Habit no. 02, (Active creator)

It wasn't that Elon Musk just read books and didn't do anything practical. He loved to play games like other children, so he learned coding by reading books at the age of twelve and coded a game called Blaster. He also received a $500 reward for his work. The game was recently developed by a software engineer and added to the Play Store, which you can find in the Play Store and play on your mobile. He was born in South Africa but did not like the government there at all. Therefore, it is impossible for them to work in the army for the government there because it was necessary for the people there at that time. So he left South Africa and went to Canada. He did small jobs in Canada and then moved to the United States to complete his education. He studied physics and business in the United States. When he completed his education, he was unable to find work and the use of the Internet was on the rise. So he decided to start an Internet-based company. The idea was to convert business information books into software and make them available to the public on the Internet. That way people won't need books. Simply put, he wanted to move his local business to the Internet, and the business turned out to be very lucrative for him, as his company, zip2, was later bought by Compaq for $307 million. Elon Musk made $22 million from the business. Elon Musk was only 28 at that time. So you should also try to take action as soon as possible to achieve your goals in life because goals are in the lives of many people but successful are those who pursue their goals.

Habit no. 03, (Do not just do good but be the best)

Now 28, Elon Musk could spend the rest of his life at home, but he didn't. Because they didn't think it was a great achievement. He had to do something even bigger in his life. He wanted to do something that would make a big difference in the world and benefit people. So Elon Musk collected all the money he earned and went to the finance line. Elon Musk found it very difficult to send money from one place to another. He found that it took weeks or even months for a check to move from one country to another. So he decided to start a company that revolutionized the finance industry and then he created a well-known payment system for sending money from one country to another, which we know today as PayPal. Elon Musk created PayPal with a lot of great people and these people are also called PayPal Mafia because they made a lot of other successful business even after this business. For example, the founder of YouTube was also a member of the PayPal Company then EBay eventually bought PayPal for 1.5 billion, and Musk's share came to 180 million. Now again with that much money, Elon could have bought a lot of islands and lived comfortably on them, but he didn't. Elon Musk then raised his money and set up a variety of companies to save humanity. First they built SpaceX, Tesla and Solar City. Just a few years ago, Elon Musk started another company called The Boring Company. So the third lesson we learn from this story is to never settle for good. Keep working until the last drop of blood in your life. Because sitting idle makes a person incompetent and sick. So think about doing the biggest thing and have the courage to take action.

Habit no. 04, (Solving people's biggest problems)

Now many people will think that Elon Musk was a greedy man who wanted to make as much money as possible. That is why he did not give up even after earning so much money. But that's not true because after reading so many books since childhood, his dream was to do something that would make a big difference in the world. So in 2002, Elon Musk formed a company called SpaceX, which aimed to one day send ordinary people to Mars so that people could make their home on Mars. Because if something happened to our planet tomorrow, we would be able to live on Mars. But no one believed in Elon Musk's dream except his own. No one at the company was willing to work with him, so Elon Musk spent $100 million of his $180 million to build it. Then in 2006 he saw that we need fossil fuels for energy today, so Elon Musk focused on working on solar energy, so that we don't destroy our world using petrol, diesel and gas. Like today we are all polluting the whole world by spreading pollution in every way. The goal of solar energy is that we can solve the world's electricity problems by generating electricity from sunlight. Not only that, but in 2003 he started working for Tesla. Tesla's goal was to provide people with electric vehicles that would reduce pollution. He kept the design of these cars very beautiful because people did not like small electric cars at all. So they started making big and beautiful electric cars. And all these cars looked like sports cars and they are very good for the environment. Elon Musk's dream is for everyone to use his car to create a lot of pollution around the world. They have also given another facility to their customers that whoever buys their vehicles should also give them the facility to charge them lifetime for free. That means after that people will not have to spend money on petrol, diesel and gas at all. And that is why many of the world's largest companies do not want it to succeed if it succeeds in its goal of benefiting the world, which will hurt not only many companies but also many countries. So you have to set big goals in your life and try to solve as many people's problems as possible. Because only those who solve people's problems and help people are successful in life.

Habit no. 05, (Never give up and trust yourself)

Elon Musk is running many companies at the same time because he is trying to solve many people's problems at the same time. One company from the people is not handled properly and Elon Musk is handling four companies. All these companies are worth billions of dollars in which they spend all their time. In an interview, how he handle so much. What motivates him to do so much work every day? Elon Musk replied that I want to feel great when I think about the future of the world and that is why the intention to create a better future keeps me motivated even in difficult times. There was a time in 2007 and 2008 when Elon Musk and his wife divorced. All three of Elon Musk's companies were bad at that time. The market crashed and everything was in deficit. All three failed to launch the SpaceX rocket. At that time, Elon Musk's Tesla Company was about to close because Elon Musk's company had only one week's money left. At the time, Elon Musk had only two options: shut down his Tesla Company or invest the rest of his money in PayPal because no one else wanted to invest in Tesla at that time. Now think of what Elon Musk would have done then. He invested all his money in the Tesla Company and eventually his sacrifice paid off. The fourth rocket launched by SpaceX was successful. As a result, NASA signed a $1.5 billion deal with them and a company then placed a $40 million order to Tesla to build the battery. The same company paid another $50 million to Tesla and acquired a 3% stake. Tesla has since received a $450 million loan from the government, which Elon Musk has repaid. Solar Energy has since become the largest solar company in the United States. Even today, Elon Musk's business faces a lot of challenges, but his spirits are high because people love him and have high hopes for him, so there's a good chance Elon Musk will succeed in his endeavors.

I have told you all these things in the form of a summary of a book called: