Elon Musk, the billionaire entrepreneur, made risky financial decisions when he invested all his earnings from PayPal into SpaceX, Tesla and other ventures. While taking such risks may work for some, it's important to consider individual financial situations before making any major investment decisions.
The difference between billionaires and millionaires is that the latter tends to go into conservation mode while billionaires just keep expanding. It's important to pay attention to your money and look at your accounts every day if you want to grow your wealth.
Elon Musk and his team at SpaceX were initially going to buy rockets but after a thinking exercise called going to first principles, they realized they could make their own for a fraction of the cost, leading to the birth of SpaceX.
The significance of luck in achieving financial success and how being passionate about one's pursuits could aid in gaining more luck.
The debate surrounding online content moderation and free speech is ongoing, with arguments for both sides. Some argue that there needs to be constraints and boundaries set around topics related to health, while others argue for complete freedom of speech.
Instead of falling victim to scams or just giving their money away, turning trust fund into a business may create new products/technologies that could serve people and bring immense success like Bezos.