In a recent statement, billionaire entrepreneur Elon Musk shared his thoughts on why he doesn’t wear a watch, citing that his phone serves the same purpose. Musk emphasized the importance of prioritizing needs over wants and investing in things that generate returns.
According to Musk, he used to own expensive watches but eventually realized that they were a waste of money. He questioned the need for a watch when his phone can display the time. Musk encouraged people to reassess their spending habits and invest in things that can generate profits.
Musk’s statement reflects his frugal and practical approach to life. He emphasized that he doesn’t live to impress others or prove his wealth. Instead, he focuses on making smart financial decisions that can benefit him in the long run.
Musk’s words of wisdom serve as a reminder to prioritize needs over wants and to be mindful of our spending habits. By investing in things that generate returns, we can create wealth and achieve financial stability.
As one of the most successful entrepreneurs of our time, Elon Musk’s advice is certainly worth considering. His approach to life and finance is a testament to his success and a reminder that sometimes, the simplest approach is the most effective one.
