The Mindset Of Elon Musk
Start writing a post
Politics and Activism

The Mindset Of Elon Musk

One of the great minds of our time.

5879
The Mindset Of Elon Musk
SoFakingPodcast

You might know Elon Musk as the guy who invented PayPal, Tesla and SpaceX. Or maybe you know him as the guy who's on a mission to eliminate global warming through sustainable energy. Maybe you've heard of him as the second guy in Silicon Valley to create 3 companies with a market cap over 1 billion.

Elon Musk is one of the greatest entrepreneur stories, so today we are going to analyze the mindset of Elon Musk and how he built up a net worth of $14.2 billion.

Elon was born in South Africa. His father was an engineer and his mother a model. He got his first computer when he was nine years old, and when he was 12, he learned how to code computer games by himself and created a game called "Blaster," which he sold for $500.

After finishing high school in South Africa, Elon had a dream to come to America, even though his parents were against it. He went against his parent wishes and moved. He wasn’t able to get to United states directly, so he went to Canada first where he lived with some relatives and worked minimum wage jobs.

When he was 19, he started college in Ontario, Canada, but two years after starting he got a full ride scholarship to the University of Pennsylvania, so he moved to America and started school there. Later, Elon started facing depression which pushed him into philosophy and religion.

He was constantly confused because he didn’t understand which questions he needed to ask in order to learn. He eventually came to the conclusion that in order to ask the right questions and learn the right things, he would have to expand human consciousness. In order to expand human consciousness he would to focus on three things, expanding the internet, renewable energy and space colonization.

After graduating college, Elon started graduate school at Stanford, where he was supposed to study applied physics and material science. But two days after staring graduate school, he dropped out and started an IT company with his brother, which they named Zip2.

When starting his business, Elon did nothing but work. He lived in his warehouse and showered at the school locker rooms for two whole years as a way to save money. But it was all worth it, because in 1999, AltaVista – the biggest search engine of the time – bought Zip2 for $307 million.

Now, Elon had money for the first time. So he bought a home, a nice car and a private jet. He then promptly got right back to work. That same year he started an online payment system called X.com.

One year later, X.com merged with Confinity and was renamed to PayPal in 2001. By 2002, eBay bought PayPal for $1.5 billion, and Elon got to walk away with $180 million.

What would you do if you had just made $180 million? Elon took the $180 million he made and reinvested in his businesses.

He put $100 million in SpaceX, $70 million in Tesla,and $10 million In Solar City. He had to borrow money for rent. He was borrowing money left and right but had no way to pay it back because he was reinvesting all his money in his businesses.

Now, Solar City is America’s #1 solar energy provider with a valuation of 1.5 billion dollars. Space X has rockets in space and is valued at $12 billion. And finally, Tesla is getting ready to completely change the car industry and is valued at around $30 billion.

So what can we learn from Elon Musk? Sometimes we have to be crazy, and go all in. And if you want to change the world, then change it. on’t rely on anyone else to do it for you.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Featured

a God story.

testimony.

3058
a God story.

many of you have someone in your life you admire the most. a parent, a superhero, a celebrity.

Keep Reading... Show less
Religion

God, What's Next?

What you're probably asking yourself during your season of waiting.

3169
God, What's Next?

We spend most of our lives waiting for something. Maybe you're waiting for a job opportunity to open up, or for a professor to email you back because you procrastinated on your assignment, or maybe you're waiting for the next chapter in your life to start. Whatever the case maybe be for you I want to let you know that your season of waiting is not in vain! It may seem like it but your season of waiting is a crucial part in your walk with Christ. You may not have a walk with Christ and I encourage you to be open to starting a relationship with him but even your time of waiting isn't in vain. Waiting is a hard thing to do but it is so worth it in the end. The Bible even tells us this in Ecclesiastes.

Keep Reading... Show less
Featured

Reasons Why Taking A Girls Trip Is Always A Good Idea

After all, laughter is the best medicine.

2546
Reasons Why Taking A Girls Trip Is Always A Good Idea
Libby Redd

Sometimes all you need is a weekend to be in the presence of your best friends.

Keep Reading... Show less
Featured

An Interview with Abraham Lincoln

Hosted by Shane and Bob.

2239
Ethan Menzies

*Cue Epic Newsroom Music*

Keep Reading... Show less
Featured

4th Of July Is The Best Time To Vacation

The 4th of July is truly an amazing time to be with the people who make you feel the most alive and appreciate all the freedom that we do have.

2942
4th Of July Is The Best Time To Vacation

My family doesn’t vacation much. But my earliest childhood memory of vacation is going down to the beach for the 4th of July.

Keep Reading... Show less

Subscribe to Our Newsletter

Facebook Comments