What Problem Are You Trying to Solve?
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Elon Musk’s 2007 Interview & Trading Parallels – Part 4
Key Takeaways:
- Trade with purpose.
- Pursue financial freedom.
- Stay focused through setbacks.
Elon Musk wants to use Tesla to solve critical problems — excessive carbon emission, oil pollution, oil spillage, and the world’s over-dependence on oil. He made Tesla cars fully electric, 100% electric, with no need for internal combustion. Unlike hybrid cars that combine internal combustion with electric batteries, Tesla runs on electricity alone, pushing the world to reduce its reliance on oil-powered vehicles.
The same thinking extends to SolarCity and Starlink. Musk is championing green energy — solutions that are friendlier to the ozone layer and reduce humanity’s dependence on oil and gas. He identified a problem and is solving it by pushing out products and services that were once oil-dependent but no longer need to be.
What Problem Are You Trying to Solve as a Trader?
You are going into trading for a specific reason. What problem are you trying to solve? Are you trying to make yourself financially independent, self-reliant, and self-sufficient? Are you pursuing financial freedom — the ability to live life entirely on your own terms?
When you look at the real world, it comes with many disadvantages that trading can help you overcome. In the markets, there is no ageism. The market doesn’t care how old you are — nobody can tell you that you are too old.
There is no discrimination based on education, race, tribe, or gender. It doesn’t matter whether you are a PhD holder, a professor, or a school dropout. It doesn’t matter whether you are male or female.
There is no age of retirement in trading. Nobody can fire you, nobody can sack you, unless you fire yourself. Nobody can retire you unless you retire yourself or health issues force that decision. Nobody can order you around. You do things at your own pace and at your own convenience.
Trading as a Tool for Personal Freedom
Just as Elon Musk is using Tesla and his other ventures to solve the critical problem of carbon emission and oil dependence, traders use trading to solve critical problems in their personal and family lives. The problems of financial insecurity, dependency, and lack of freedom.
You want to take care of your family. You want to make yourself financially secure. You want the freedom to live and work on your own terms. That is the problem trading is designed to help you solve — and keeping that purpose front and centre is what will drive you through the difficult periods every trader inevitably faces.
