Elon Musk’s Perspective: 20 Shocking Quotes on Finance That Will Change Your Life!

Born on June 28, 1971, in Pretoria, South Africa, Elon Musk is an entrepreneur, engineer, and inventor known for his work in creating and leading several high-profile technology companies.

Elon Musk has been known for his intense work ethic and hands-on approach to his businesses. His personal life, including his relationships and his frequent interactions on social media platforms, particularly Twitter, often garners media attention.

Here we have some inspirational quotes from Elon Mush on finances, business, and successful. Do you apply any of these quotes to your daily life?

• I always invest my own money in the companies that I create. I don’t believe in the whole thing of just using other people’s money.

• When Henry Ford made cheap, reliable cars, people said, ‘Nah, what’s wrong with a horse?’ That was a huge bet he made, and it worked.

• Failure is an option here. If things are not failing, you are not innovating enough.

• I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better.

• I don’t create companies for the sake of creating companies, but to get things done.

• I think it’s possible for ordinary people to choose to be extraordinary.

• You get paid in direct proportion to the difficulty of problems you solve.

• Constantly seek criticism. A well-thought-out critique of whatever you’re doing is as valuable as gold.

• I think it’s important to have a future that is inspiring and appealing.

• I take the position that I’m always to some degree wrong, and the aspiration is to be less wrong.

• I don’t believe in process. In fact, when I interview a potential employee and he or she says that ‘it’s all about the process,’ I see that as a bad sign. The problem is that at a lot of big companies, process becomes a substitute for thinking. You’re encouraged to behave like a little gear in a complex machine. Frankly, it allows you to keep people who aren’t that smart, who aren’t that creative.

• If you’re a co-founder or CEO, you have to do all kinds of tasks you might not want to do… If you don’t do your chores, the company won’t succeed… No task is too menial.

• If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.

• My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70 million in Tesla, and $10 million in Solar City. I had to borrow money for rent.

• I’d rather lose my money than any of my friends’ money or investors’ money.

• Some people don’t like change, but you need to embrace change if the alternative is a disaster.

• Take risks now and do something bold. You won’t regret it.

• The first step is to establish that something is possible, then probability will occur.

• I’d rather lose my money than any of my friends’ money or investors’ money.

• Don’t let anything hold you back. Imagination is the limit. Go out there and create some magic.

Over the years, Musk’s ventures and innovations have earned him numerous accolades and recognition, including listings on Forbes’ list of the world’s most powerful people and Time magazine’s list of the 100 most influential people in the world.

Need some more inspiration on business and finance quotes? Check out these quotes by billionaire Richard Branson!