Arnold Schwarzenegger has a message for young people aspiring to success: "Stay hungry."

Schwarzenegger invoked the title of one of his early films Friday in an inspirational speech formally inaugurating the museum chronicling his life.

He was born in the town of Thal, just outside Graz, Austria's second-largest city.

Schwarzenegger described the museum as a "symbol of will," attesting to the fact that "everyone has a chance."

He also unveiled a bronze statue of himself showing him flexing and in trunks as the young bodybuilder from Austria who went on to Hollywood glory before becoming governor of California, The Associated Press reported.