How Billionaire Elon Musk Once Lived on $1 a Day

June 20, 2016 – 01:27 pm

young muskDo you have what it takes to lead the life of an entrepreneur? If you think you do, try living off only a dollar a day for a month. It’s a challenge Elon Musk once faced to see if he had what it took to be successful.

Before he became the billionaire he is today and before he became a millionaire at the age of 28, Elon Musk was once a starving college kid at Queen’s University in Ontario, but not because of circumstance — it was his choice.

The Tesla and SpaceX CEO talked about his early days in college in detail to astrophysicist Neil deGrasse Tyson on Tyson’s “StarTalk Radio” podcast. According to Business Insider, when Musk was a freshman and sophmore in college, he was fascinated with how he could help shape humanity through the internet, energy efficiency and space exploration.

Sure, Musk was also concerned with finding a job after graduation, but he also had a master plan in the works — he would move to the United States after college (which he did, eventually transferring to the University of Pennsylvania his junior year) but look to start his own tech company rather than finding a normal job. He knew that path would take sacrifice and discipline.

Musk explained to Tyson:

“I mean, in America it’s pretty easy to keep yourself alive … So my threshold for existing was pretty low. I figured I could be in some cheap apartment with my computer and be okay, and not starve.”

Musk decided to live on a $30-a-month food budget. He bought hot dogs and oranges in bulk and sometimes traded off with pasta and tomato sauce.

Musk was able to pull it off for at least a month, and he felt comfortable knowing he didn’t need a substantial salary to survive.


Source: nextshark.com

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