What Lesson You Can Learn From Elon Musk On How You Can Become A billionaire In The Next 21 Years.
It is said that at the turn of the century the steel tycoon, Andrew Carnegie, who was once the wealthiest person in America, wrote out his life goal to spend the first half of his life accumulating wealth and the last half of his life giving it all away.
Even to this day, just slightly 100 years since his death his ventures are still donating his wealth to charity.
Of the Forbes billionaires list, it takes an average of 21 years to make their first billion. Of all the billionaires, Elon Musk follows the simplest method that almost any individual can follow to become a billionaire in their lifetime.
Elon got his start early by designing his own video game at 12 years old that he sold at 17 for $500. Between the ages of 24 and 28, he and a friend worked on Zip2 which sold for $400 million and Elon made a net profit of $22 million. At 28 he also started X.com which became PayPal which sold when Elon was 31 for $1.5 billion that made Elon $180 million.
At age 32, he started Tesla and Space X, at age 36 he launched Solar City, at age 45 Open AI, and at age 46 Nero Link. Next came Boring company which as of 2022 Elon has a net worth of $270.1 billion dollars even making him richer than Jeff Bezos.
So how is the average person going to be able to do this? Elon started with $500 and reinvested his profits to his next venture. When he sold Zip2 he bought a car for a million dollars and reinvested most of the rest into starting X.com. When he sold X.com he started Tesla and Space X.
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Elon made some critical decisions on what to do with his money. When someone buys a home and sell their home for a profit much of the time they buy a bigger home or splurge in some way.
As you see in the documentary about millionaires in 1999, Elon lived in a simple home considering the amount of money he had.
When most people get a surge of money they think about ways to spend it, and certain people think about how to grow it. People overcomplicate making money.
In David Bret Patrick’s book your “Next 5 Moves”, he talks about how to take an item, sell, and reinvest the profits into something else, sell it and do it again.
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If you take $1,000 and flip it 10X you are a millionaire, flip it 20x you are a billionaire. Do you think you can flip $1,000 dollars over the next 21 years to become a billionaire?
$1,000
$2,000
$4,000
$8,000
$16,000
$32,000
$64,000
$128,000
$256,000
$512,000
$1,024,000
$2,048,000
$4,096,000
$8,192,000
$16,384,000
$32,268,000
$65,536,000
$131,072,000
$262,144,000
$524,288,000
$1,048,000,000
Pegman teaches people how to start with a $1,000 flip watch to make $200. Then flip 10 watches into $1,000, flip 10, $10,000 watches that is $200,000, then flip exotic cars, then flip million dollar cars, then mega mansions, then buy and sell businesses. So it goes on and on.
There are business brokers who buy and sell businesses. Dan Pena teaches people how to buy and sell businesses at his castle in Scotland. His students have made over a trillion dollars.
How do you start?
I’m sure many of you have the drive to become wealthy and that is why you are reading this post. By following these steps, just imagine how much simpler it will be to retire at an early age and enjoy the rest of your life. Elon started at 12 however, he did not take things seriously until in his 20s.
Just like the TV show “Undercover Billionaire” where in season #1 Ben Sterns and season #2 Grant Cardone were dropped off in the middle of now where, with just $100 dollars, no contacts, just their skills and built a million dollar business in 90 days.
What skills do you need to have to build a million-dollar enterprise in just 90 days?
Most companies go after one customer at a time. We use what is known as joint ventures or group marketing where we acquire a customer, and that one customer may bring us hundreds, thousands or depending on the size of the deal it could yield tens of thousands or hundreds of thousands of new customers.
The first time I did this I made a deal with Joel Broughton who sent out an email to his customer base. Over the next six hours after sending out that email, I made $14,100 within my very first 24 hours in business.
The next time I did this I put a project like this together with Al Nin. We landed a deal with his dentist and partnered up with several beauty salons where we provided them with marketing material which turned into 3,200 new patients in the first 90 days. They brought in an average $2,000 per patient for a total of $6.5 million over the next 12 months.
People love the idea of leveraging someone else following to build their own customer base. Going from the concept to putting it into action can be too much to ask of small businesses as they often have many challenges they are already facing. I want to invite you to partner up with us and work together as a team. We created a short cut to make it as easy as possible to help you be successful.
I want to invite you to visit 90daymillionaire.alphalifestyleacademy.com
I had a blast recording today’s episode, I’m glad I could help you, stay healthy, and have a great day!
