These two tycoons share a series of personal characteristics and habits. I know all the details.
Although there is no magic formula to achieve success, there are habits and rules that help on the path of personal and professional discipline. Two people who have this very much in mind are the tycoons Elon Musk and Bill Gates.
Elon Musk and Bill Gates save in the same way
The millionaires They save 20% or more of their net salary, every month. Because they are big investors, their money accumulated over time. After 10 years, they began to accumulate significant wealth, with an average wealth of US$3.3 million.
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Furthermore, both are austere. One of the common denominators is being aware of how money is spent, trying to look for quality but at a low price. Its rules are the following:
- Do not spend more than 25% of your net salary on housing.
- Do not spend more than 15% of net salary on food.
- Do not spend more than 10% of your salary on entertainment.
- Do not spend more than 5% of annual pay on vacations.
The recipe for success: what is the 5-hour rule that Musk and Gates use about?
According to the rule, and just as its name says, it is about reserving five hours of our week, which can be distributed one hour for each day, for a specific practice or learning, such as readingthe reflection wave experimentation that contributes to the growth of our soul and intelligence.
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Changes. Since Musk bought Twitter, he has been making a series of modifications to the social network that aim to balance costs with income.
Michael Simmonsan expert in business issues, detailed how various internationally recognized businessmen and celebrities applied the five-hour rule in their weekly routine:
- The creator of Microsoft Bill Gates He usually reads 50 books a year.
- The director of Goal Mark Zuckerberg Read at least one book every two weeks.
- The creator of Tesla, SpaceX and owner of X Elon Musk He grew up reading two books a day.
Lastly, the ruler establishes that everything learned and internalized during those hours must be put into practice in the work project, but also in lifethat we want to carry forward and thus fulfill our dreams.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
