Elon Musk's genius reputation is amplified when you realize that everything he does is mutually reinforcing in the short and long term.
His end goal is to colonize Mars.
His short term goal is to run profitable businesses.
Consider how everything else he does gets him closer to both goals.
At the surface level, all the businesses give him the financial means to innovate.
That's important, but its not the point.
I'll let the article I'm ripping this quote from explain.
Tesla makes battery packs that SolarCity can then sell to end customers. SolarCity supplies Tesla’s charging stations with solar panels, helping Tesla to provide free recharging to its drivers. Newly minted Model S owners regularly opt to begin living the Musk Lifestyle and outfit their homes with solar panels. Tesla and SpaceX help each other as well. They exchange knowledge around materials, manufacturing techniques, and the intricacies of operating factories that build so much stuff from the ground up.
Each business gives him knowledge that helps every other business.
The collective engineering advancements are critical for survival on Mars.
We can apply the same ideas to our lives.
Our goals don't have to be furthering the species.
You can use the goals you already have.
I'm going to demonstrate with one of my over-arching personal goals.
For me, that is to
- Have passive income from multiple internet based business streams that are relatively low maintenance
- Be location independent and time independent
All your projects, education, and conversations should converge to your top goal.
I do not know at what point these skills and projects will converge into the holy grail of financial independence early in life.
Elon does not know at what point his projects will converge into space colonization.
I do know that my probability of reaching my goal of FI increases dramatically with each of these activities, so I'll stay the course.
Elon does know that his probability of reaching Mars increases with each of his activities, so he'll stay the course.
Isolate your top goal and the general time frame you want to achieve it.
Analyze your main activities consuming your time and attention.
Are they converging at the right point?
- The Stairstep Model of Entrepreneurship
- The Millionaire Fastlane and Unscripted by MJ DeMarco
My plan is still vague and I really need to get more specific.
I need to choose a main route to FI but I'm delaying the decision.
Writer? Sell ebooks, courses, real books, freelance write, content market.
Marketer? Join startups and help them sell stuff. Make commissions and/or take equity.
Coder? Get paid to learn by working at a startup for a while. Build and sell my own stuff over time.
I think they are all viable paths, but I really should choose soon.
In the meantime, I'm doing a bit of everything by writing these journals, finishing my CS degree, and working one marketing project.
The good news is that all of these benefit from building an audience.
Help me out by subscribing to my newsletter.