Elon Musk is a world renowned, innovative CEO known for his work with massive successful organizations like Tesla and Space X. But before he was a wealthy billionaire leading these companies, Elon Musk lived on a very frugal budget…
Musk lived on one dollar a day
To see if he had what it takes to be able to feed himself off of $365 a year, in order to save money to use elsewhere & pursuit of his dreams, Elon survived off of hotdogs and oranges he bought in bulk. By doing this, Musk realized he didn’t need a massive salary to survive, and allowed him to focus on going after less traditional goals.
Humble beginnings for the now billionaire, wouldn’t you say?
Now, we understand this isn’t feasible for everyone. Not even possible for some. Many of you are parents, and providing for a family off of $1.00 a day just wouldn’t work. But, it is the catalyst for a few questions to arise: Is there an area of my budget that I could cut back on in order to focus my financial attention elsewhere? Is there a goal I am putting off to accommodate another aspect of my life?
Setting a budget (feasible, but also strict one) in order to reach your goals is vital to being satisfied and happy. Could you be so passionate about pursuing your dreams, that you also could budget like Elon Musk?
If you’re looking for assistance creating a budget and reviewing expenses, give Hacker Accounting a call at (602) 375-5251 today to speak to one of our financial gurus who are dedicated to helping you save and spend your money wisely.