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Research from Zippiafound that nearly nine out of 10 self-made millionaires built their fortunes by starting businesses.
You want to get rich?
Do what Musk did build a business.
If you want to get rich, youre going to have to put in the hours.
Elon Musks otherworldly work ethic and relentless pace are the stuff of corporate legend, withInc.
reportingthat he puts in 80- to 100-hour workweeks every week.
However, the typical 40-hour workweek is likely to deliver typical results and typical results never made anyone rich.
Musk makes all spending decisions by answering one question,per Forbes.
The publication quotes Musk as saying, Will this activity result in a better product or service?
If not, I stop those efforts.
If the company does that, word-of-mouth advertising will spread the message for him.
So, whats the lesson?
Ignore conventional wisdom and put all your eggs in the one basket that has the best shot at success.
Thats because it reinvested nearly all of its profits into research and development.
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