I have to be honest—I’m not the biggest fan of Elon Musk. But there’s no denying his impact. Ignoring the billionaire visionary behind Tesla and SpaceX? That’s a huge mistake.

During my last trip to Bali, I stumbled upon some profound insights from his biography. Here’s the deal: Musk didn’t build a $250 billion empire by playing it safe. He tore up the rulebook.

Whether you’re a fan or not, these 10 lessons from Musk can reshape your approach to business.

1. First Principles Thinking

What it is: Musk asks why and strips everything down to the basics.
Takeaway: Want to innovate? Challenge every assumption. Don’t take things at face value.

2. Cutting the Red Tape

What it is: Musk eliminates unnecessary rules to move faster.
Takeaway: Ditch bureaucracy. Simplify your processes to get things done.

3. Action Over Analysis

What it is: His motto? “Do it now, ask for forgiveness later.”
Takeaway: Speed trumps perfection. Take action and adapt as you go.

4. No Room for Underperformance

What it is: Musk cuts underperformers, even top execs.
Takeaway: Make the tough calls. Protect your team and culture.

5. Purpose Over Profits

What it is: Musk is driven by a mission to improve humanity.
Takeaway: Build a business that inspires. People want to follow a purpose, not just a profit.

6. Master Your Craft

What it is: Musk leads from the front. He’s deep in the details.
Takeaway: Be a master at what you do. Earn respect through knowledge and involvement.

7. Unmatched Work Ethic

What it is: 100-hour weeks are the norm for Musk.
Takeaway: There’s no shortcut to success. Put in the hard work.

8. Risk-Taking is Essential

What it is: Musk risked everything to save Tesla and SpaceX.
Takeaway: Big rewards require big risks. Don’t play it safe.

9. Set Impossible Goals

What it is: Musk’s deadlines are famously unrealistic, yet they drive performance.
Takeaway: Push your limits. Set ambitious targets to achieve more than you think possible.

10. Obsess Over Every Dollar/Pound

What it is: Musk scrutinises every expense, down to the smallest detail.
Takeaway: Focus on efficiency. If you don’t track costs, someone else will.

Why This Matters to You

Musk built his empire by tearing down the conventional wisdom and challenging the status quo. You can do the same.

Here’s what you can start doing today:

• Question everything.

• Eliminate inefficiencies.

• Take bold actions.

• Find a purpose that inspires you.

I’m heading back to Bali soon, armed with 38 new books. Because the key to a millionaire mindset? Continuous learning.

Want to dive deeper? Check out my episode where I break down these principles and show you how to implement them: Watch below.

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