How to Set Goals Like Elon Musk (Master This)

Summary

If you ever want to have a chance at building great things like Elon Musk does, it’ll help if you learn who he thinks about goal-setting. In today's video, I'll share the fundamental principles he adheres to make things happen at an enormous scale in every industry he chooses to enter. Magic doesn't happen by accident.

Transcript

I mean, if you take away his rockets company, his electric car company, his tunnels company and his brain chip company and his strong meme game, there's nothing really special about Elon Musk, is it? Well, there probably is. And if you want to build something as great as he is now building, you'd better learn how does he thinks about goals? How does he said them? And what is the process he follows in order to achieve them scattered?

Hey, I'm Leon Castillo, founder of Selfmastered, a high performance trading company that helps entrepreneurs scale their businesses by solving their solid bottleneck, their own performance, which was formed the unproductive, overwhelming focus entrepreneurs into laser focused business athletes that can achieve in one day, what they previously achieved in one week.

Hello, friends. So today, I want to talk about Elon Musk himself, and how do I feel he SAT scores because he does something differently that most people like three things actually differently than most people. But before we get into what is the actual process, let's just define what a goal is. A goal is nothing else that a still frame or the future thing. So it's some sort of snapshot of the future that haven't yet happened. But it will happen if we do all the necessary things, in order for it to happen.

This is the law of cause and effect. Each effect has one or several causes. So if we put into the universe, all the necessary causes to get the effect we desire, we will get it this is, in essence, what complexity science is all about.

Now, if this is true, though, why doesn't most people get their goals? Well, for several reasons, but I believe that the single most important factor in people not getting their goals is not having an actual model of reality, not having a clear picture of what is entailed for them to get one specific goal. They have a faulty model of how things work and all the effort and causes and processes that need to happen. For that goal to material. Let's think about it. How long will you need to work on something before that makes you become a billionaire? One lifetime, 10 lifetimes? 100 lifetimes? Probably you think, from your own standpoint, that it is something impossible or very distant in the future.

But what do you think Elon Musk would do to become a billionaire yet again, if all of those companies were taking from it one year, two years, depending on the market opportunity that he seizes, he has become a billionaire, many times over announce 200 billion his personal fortune, so he knows a thing have to learn how to become a billionaire. In other words, he has a very accurate model of reality about the goal of becoming a billionaire. He has knowledge he has wisdom, he has been there done that before. So he pattern recognition system is attuned to that goal. So I want to take him 10 lifetimes probably take 10 months the idea behind this provocative thought is that if you really have experience in wisdom and doing what you want to accomplish, then things are much easier. But if you don't eat, the progress can get very lucky. So you do more things you try, the more causes you put out there that can lead to that effect, the better your chances of having a clear A to Z road to follow to get to that goal.

Now the problem is that this is probably not enough. If what you want to do is create a space exploration company or change the world of car manufacturing through an electric car company, you need to have a specific framework for setting and achieving goals. And this is what we are going to be discussing in this video. Now before we get into that video number two, like subscribe and hit the bell. So you never miss out on any of the juicy details or re release every week. But also, because it is the right thing to do.

There's a lot of people out there that haven't heard about self mastery, then they could probably learn and implement this concept and see positive results in their life and business because this is what it's all about. It's all about results. So please share.

Now, Elon Musk is arguably going after the hardest gurus out there. And he is having success in the process. And why is he able to do all that? Because he essentially does three things that go against the prototypical advice you've heard 1000 times in regards to goal setting in going after things First, make sure that those goals are meaningful. And this is important because if you want to sustain all the necessary hard work that comes from chasing Big Things need to make sure that you are not going to falter in the way that motivation is going to last so that you can pick yourself up once you fall down, because falling down is a warranty. And you do this by setting stretch goals, not smart goals, SMART goals, those that are measurable and accurate and reliable and time bound and all that stuff. They're just not work if what you want is to trigger something inside you that propels you forward to way forward is stretch goals, which are outside of the ordinary they are way beyond your current level of your abilities. And they serve to get slack off the system to motivate teams and to inspire positive momentum.

Something that is outside of what you will normally achieve in a specific timeframe will force you to look at new ways of doing things. And if one proof of that, let's say that Elon Musk said that he wanted to create a more efficient space exploration company where you could reutilize the rockets, that would be a great endeavor, but it wouldn't sound sexy. What did it What did he say you on the other hand, he said I want to make humans a first multiplanetary species. That is a stretch goal, that is something that motivates him, and that what has the best minds in the world willing to work for him.

This is the first step when setting goals, make sure their stretch goals, make sure you care about them, so that others can also care about them. And they can get the same motivation that you get for chasing them, then to unit to reason, those cause and effect relationship from first principles.

First principle is when you break down a complex problem into simple constituent parts that cannot be subdivided much further. And that's how you learn how to think and how to create a more efficient system. Essentially, you learn how to create proper thought and processes that lead to new results. So how did Elon Musk use first principle? Well, when he first started the rocket business, he went to Russia to try to buy our rocket, and he realized that were super expensive. But if you looked into the individual components, he realized that he could create one from scratch, and a 2% of the cost and essentially, really making space exploration one or two orders of magnitude cheaper.

He also did the same thing with batteries. Batteries were very expensive for Tesla. But if he looked at the individual materials that were in battery, you could buy them from a fraction of the price in the London Metal Exchange. And that's what he did he find new ways of using individual elements in order to create more complex realities at a fraction of the cost. That's what first principle looks like. And let's say you want to use that in your personal life.

Let's say that your stretch goal is I'm going to make 100k This next quarter, and you've never done more than 20k. So that's a that's a stretch goal. And if you look at individual components, how do you get to 100k? Well, you need something to sell, you need one product, you need one client that is interested in have resolved with this product and three units to sell it, you need a price, right? Let's say that you're setting a high ticket offer for 5k. So you need 20 people in one quarter to get to those 100k.

This is first principle in action. It is very simple. 20 clients, five candy offer 100k over the poor. And what's missing is step number three, which is systems thinking. So Elon Musk, as all great scientist is a system thinker, understand cause and effect relationship with then a system. So it's not only about having a goal, understanding what a first principles of cause and effect that lead to that goal, but also what are the interrelation between all of those causes. Because oftentimes, you may have a clearer idea of what should be done, but you do not know what might happen in the way to that goal.

For example, let's say that you effectively want to sell your program to 20 people. But then how do you sell it? Let's say you sell it over the phone, you are not going to be closing 100% of your calls, most likely, you're going to close about 20%. So how many calls do you need? You need what you need 100 people on the phone and how do you get 100 people on the phone? While you probably need to use some sort of direct outreach.

Let's say that you're doing cold emails, direct outreach, you're asking people to jump on a call with you out of 100 people that do jump on a call with only 1% Let's say that they'd be willing to meet and might be interested. So that's how you make those numbers bigger. Now You need work you need 10,000 people contacted in order to get those 100 calls so that you can have those 20 clients. And this is systems thinking, understanding the cause and effect relationship happened within an environment that you can tweak to perfection, the case of Elon Musk will be well, if I want to make humans a multiplanetary species, what do I need? What I need cheap rockets, I need an incredible team, I need funding from the government, I need a bunch of stuff and you build a machine, the systematic machine that will lead you to that goal.

So remember, Elon Musk is able to do all of those things he's able to do because one hears start from stretch goals. He's building stuff that is exciting to himself and to the people that work with and for him to it's all based on first principle is about reasoning, what are the core constituents of a problem and trying to find new solutions that other people may have overlooked? That's how you make huge gains in efficiency. And three systems thinking things will not happen in a vacuum cause effect relationship happening by environment, and you need to understand what is the actual pathway that will take you to that goal and without having a clear systematic understanding, it is very hard because you will start pay attention to random occurrences that you will not know how do they relate to the problem at hand.

So three things stretch goals, first principles and system thinking. If you start applying all these things in your business, let me tell you, you are going to have incredible efficiency gains.

I hope this was useful subscribe, and let me know in the comments, what should I cover next?