Elon Musk's Ex-Wife on How to Become a Billionaire
By Jatinder Singh, Associate Partner, Lighthouse International
A great question was asked recently on Quora: 'Will I become a billionaire if I am determined to be one and put in all the necessary work required?'.
Below is the answer that Justine Musk gave, the ex-wife of billionaire Elon Musk (Founder of PayPal, SpaceX & Tesla Motors). It shows how we need more than just determination to succeed...
“The world doesn’t throw a billion dollars at a person because the person wants it or works so hard they feel they deserve it. (The world does not care what you want or deserve.) The world gives you money in exchange for something it perceives to be of equal or greater value: something that transforms an aspect of the culture, reworks a familiar story or introduces a new one, alters the way people think about the category and make use of it in daily life.”
She also highlights powerfully the reality of the world in which business failure rates are sky-high;
“You’re determined. So what? You haven’t been racing naked through shark-infested waters yet. Will you be just as determined when you wash up on some deserted island, disoriented and bloody and ragged and beaten and staring into the horizon with no sign of rescue?”
Ultimately it's easier to start with a determined attitude, but how many people can stay determined? How many people are willing to stick it out when the going gets tough and success is taking longer and longer. That's why having the right support around us is so crucial.
Being a legend and maintaining legend status is bloody hard! It’s impossible to become a legend unless you have the right ingredients and determination at the start is just a very small part.
Develop Your Character & Build Your Network...
One of the most powerful ways that someone can stay determined for prolonged periods, which is what is really needed, is to ensure they have the right network of people around them to help lift them up when they are starting to drown! Character, while incredibly important in this regard, isn’t enough on it's own. It needs a network of people to keep you afloat and punch a few sharks out of your way while you are swimming to safety. 🙂 However as she rightly says, you need to develop the character to create your network. The two pillars work in tandem together.
What stood out to you most from Justine Musk's answer on how to become successful? Feel free to share in the comments below...
Elon Musk image courtesy of OnInnovation @ Flickr