did you know elon musk just shared the guiding force behind its pursuits
recently the ceo of tesla and spacex elon musk revealed what it takes to be a successful person
elon says a person has to work for at least 80 hours a week to be successful moreover elon
further says that it could be as much as 100 hours if you want to change the world in which you live
basically it is just only one word that i'm sure many of you guys have never heard about
and it is totally not a rare philosophy among the richest people in the world
last week elon shared a post on twitter from author william mccaskill who announced the release
of his new book what we owe the future along with the retweet was musk's comment worth reading this
is a close match for my philosophy the philosophy he is referring to is what drives him motivates
his pursuits and is at the core of his decisions this directing force is powerful to the point that
it makes elon musk look like a superhuman from his god-gifted brain to his incredible ability to work
for around 120 hours straight per week however it is unbelievably simple it comes down to just one
very practical word that i'm sure very few of you have been told of which is long-termism stay till
the end to find out why musk is very optimistic about his endeavors to colonize mars welcome back
to elon musk evolution where we tell you the most recent news about elon musk and his multi-billion
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icon right next to the subscribe button so you will be notified of all my future uploads the word
long-termism indicates the viewpoint of taking a long-term approach to short-term decisions
according to effective altruism it is particularly defined as the view that positively influencing
the long-term future is a key moral priority of our time it is the basis of elon musk's innovation
equation and the core of his brilliant startup strategy but it is just not the theory itself that
has directed elon to become one of the greatest innovators of our time and the wealthiest person
in the world it is the way he applied his theory to his business however musk's family was wealthy
during his early life and he mostly lived with his father after his parents divorced in 1980 it was
a choice he made two years after the divorce and later regretted musk has become estranged from his
father as a child musk's pharyngeal tonsils were removed because doctors presume that he was deaf
but his mother later concluded that he was just thinking in another world musk developed an
interest in computing and video games at the age of 10 and bought a commodore vic-20 he learned
computer programming using a manual and at age 12 he sold his first code of a basic based video game
he created called blaster to pc and office technology magazine for approximately five hundred
dollars ashley vance described elon as an awkward and introverted child it can be clearly seen how
intelligent musk was from the start researchers have been working out to find several ways that
can help someone yield success in their business and they always concluded that long-termism is
one of the best ways here are the three basic ways in which you can apply long-termism to
your business to yield success number one be grounded in optimism optimism is the center
of the idea of long-termism psychologically you cannot expect a positive future to be the outcome
of a negative approach in the present according to the harvard business review
it has been indicated statistically that there are a lot of financial advantages to being optimistic
in other words optimism produces success which is why the best developers are not pessimistic about
the present but they are actually optimistic about the future improvement requires vision and vision
involves forward thinking that expands beyond the scope of what could drive success in the present
we certainly view the future from a different viewpoint and make decisions differently when
we are grounded in optimism elon musk is not the only rich person who fields choices
with a future forward mindset actually the famous five-word investing advice of warren buffett
is very closely associated number two prioritize the future the viewpoint of long-termism
emphasizes that we should not be morally blind to the interests of the future the businesses
that operate under the same viewpoint tend to become those that operate for generations to come
it is the human instinct to praise the past while esteeming the present over the future according
to psychology today it is also human nature to seek instant satisfaction and concentrating only
on the pursuit of short-term wins is frequently a good way to damage long-term success in businesses
the major reason behind this is that it often leads to losing sight of overarching goals
and cutting corners the outcome is momentary benefits that fight off clients in the long haul
number three invest as if time is infinite business should be developed for the long term and
it should survive many decades to come sometimes this all means going as far as starting projects
that we know we cannot finish in our lifetimes it simply means being happy and letting go of
our attachment to seeing the results knowing that while we may never individually enjoy the fruits
of our work others will naturally people tend to make choices compared to the time they recognize
that they have take for example the economic phenomenon of increased spending during or
after times of catastrophic events whether that be natural disasters or international unrest
people spend money more frivolously when they notice their time is limited
on the other hand when we take a long-term approach to life and where we invest resources
whether that be time energy or money we more readily invest in the things that may not
produce an immediate benefit rather than invest in those that take much more time and produce a
much greater benefit have you ever wondered how elon musk got successful in such a short time
elon musk revealed in a podcast show that he only sleeps for at least six hours to remain productive
because sleeping less decreases total productivity in an episode of the joe rogan experience podcast
musk admitted that he tends to work a lot and even schedules his meetings at one or two in the
morning furthermore he said that i tried sleeping less but then total productivity decreases
i don't find myself wanting more sleep than six hours elon musk explained his work routine and
mentioned that there were times when he constantly worked for several weeks he said i would just sort
of sleep for a few hours work sleep for a few hours work seven days a week some of those days
must have been 120 hours or something nutty in 2018 tesla employees told business insider
that they have frequently seen their boss falling asleep while curled under tables desks and even
on the factory floor as the head of spacex one of elon musk's most recent achievements came earlier
this year when the aerospace company launched a rocket carrying a tesla roadster to space
and making it one of the most powerful commercial rockets in the world separately spacex booked its
first private passenger to fly around the moon aboard its bfr aircraft during an event held on
monday evening the identity of the traveler was exposed at the company's california headquarters
elon musk has been a quality businessman and he's proved his work in a short time his countless
hours of work might even explain why he has an unwavering wish to take possession of mars
he might be talented enough to start the project in his lifetime but he won't be able to see it
through and experience his vision for it to come to life with a long-termist philosophy it can be
clearly seen that elon musk's view of time is not just limited to his own generation musk said if
you make something that has high value to people and frankly even if it's something if it's just a
little game or some improvement in photo sharing or something if it has a small amount of good for
a large number of people i think that's fine stuff doesn't need to change the world just to be good
however when it comes to fielding decisions allocating resources and inspiring innovation
there is always something to be gained from applying its core components even if you are not
naturally an optimistic long-termist it can serve as a guiding force that drives success by creating
a solid base for launching growing and maintaining a business considering all the achievements that
elon musk gained do tell us your views about the long-termism in the comments section
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