The richest man in the world, according to Forbes magazine, has been in the news in recent days after buying Twitter for 44 billion dollars. this is how it is now the social network joins the tycoon’s list of companies, such as: Tesla, SpaceX, The Boring Company, Open AI and Neuralink.
Elon Muskwho rose to fame with his dream of colonizing space, has called himself a “free speech absolutist” when trying to justify their move to carry out said purchase.
(See also: Mark Zuckerberg says the two things people shouldn’t spend money on)
With a fortune of more than 220,000 million dollars, the billionaire has ventured into many businesses and has lived through failures and successes over a span of three decades. That is why he offered some advice for those who dream of reaching as far as he did.
The advice of Elon Musk to increase your money
The tycoon is always looking for a place in his tight time to share some ideas or opinions on his new acquisition, Twitter, and He recently decided to answer one of the questions that, according to him, they ask him the most.
According to his publication, many of his followers they are anxious to know how they can earn more and more money.
Musk’s response was clear: “Buy shares in various companies that make products and services that you believe in. Only sell if you think your products and services are trending badly. Don’t panic when the market does. This will serve you in the long run,” he stated.
His advice basically indicates that people should invest their money in brands, products or companies that they have extensive knowledge of and like what it is about. And that, in addition, they do not feel afraid when it is necessary to replace or sell them.
Since I’ve been asked a lot:
Buy stock in several companies that make products & services that *you* believe in.
Only sell if you think their products & services are trending worse. Don’t panic when the market does.
This will serve you well in the long-term.
— Elon Musk (@elonmusk) May 1, 2022