Kevin O'Leary says you can become a millionaire on $69,000 a year by investing 20% weekly. Here's the actual math on why he's right.
20% of $69,000 is $13,800 a year. That's $265 a week into the S&P 500.
At the historical average return of ~10% annually, $265/week hits $1M in roughly 22 years. Start at 25, you're a millionaire at 47. Start at 30, you're there by 52. Most people think millionaire by 65 is the best case. This math says you can beat it by nearly two decades.
The part most people miss: the first $100K takes about 7 years. The second $100K takes 4. The third takes 3. By year 15, you're adding $100K every 18 months. Compounding doesn't feel like anything for the first decade, then it turns into a machine.
$265/week sounds impossible on $69K until you realize the median American spends $3,000/year on takeout and $2,500 on subscriptions they forgot they have. The money exists. The discipline is the hard part.
Kevin's actual insight here isn't "invest more." It's that the gap between $0 invested and $265/week is the single largest wealth decision most people will ever make. The first dollar is harder than the millionth.
NEWS: Dutch regulators (RDW), which just approved @Tesla FSD (Supervised) in the Netherlands, have just issued an official statement:
"Due to the continuous strict monitoring of the driver in the vehicle, the system is safer than other driver assistance systems. We have thoroughly researched and checked this system, more than a year and a half.
The RDW has issued a type approval for Tesla's driver's assistance system, FSD Supervised. This driver's assistance system has been extensively researched and tested on our test track and on public roads for more than a half years. Safety is paramount for the RDW. The proper use of this driver's system makes a positive contribution to road safety."
This approval from the RDW clears the path for approval in other European countries. Tesla owners in the Netherlands will be receiving FSD (Supervised) on their cars shortly. Amazing day!
De toekomst van mobiliteit is aangebroken
FSD Supervised has been approved in the Netherlands 🇳🇱 & will begin rolling out in the country shortly!
Trained on billions of kilometers of real-world driving data, it can drive you almost anywhere under your supervision – from residential roads to city streets & highways
No other vehicle can do this.
We're excited to bring FSD Supervised to more European countries soon
Macrohard or Digital Optimus is a joint xAI-Tesla project, coming as part of Tesla’s investment agreement with xAI.
Grok is the master conductor/navigator with deep understanding of the world to direct digital Optimus, which is processing and actioning the past 5 secs of real-time computer screen video and keyboard/mouse actions. Grok is like a much more advanced and sophisticated version of turn-by-turn navigation software.
You can think of it as Digital Optimus AI being System 1 (instinctive part of the mind) and Grok being System 2. (thinking part of the mind).
This will run very competitively on the super low cost Tesla AI4 ($650) paired with relatively frugal use of the much more expensive xAI Nvidia hardware. And it will be the only real-time smart AI system. This is a big deal.
In principle, it is capable of emulating the function of entire companies. That is why the program is called MACROHARD, a funny reference to Microsoft.
No other company can yet do this.
I am proud to announce that I have successfully completed the world’s first USA coast to coast fully autonomous drive!
I left the Tesla Diner in Los Angeles 2 days & 20 hours ago, and now have ended in Myrtle Beach, SC (2,732.4 miles)
This was accomplished with Tesla FSD V14.2 with absolutely 0 disengagements of any kind even for all parking including at Tesla Superchargers.
Review of @Tesla FSD (Supervised) in the WSJ:
"Driving has always felt like a chore to me. The first time I let the vehicle (Model Y) take control, something shifted. As the car guided itself through traffic, I felt tension melt away. A few days before the federal EV tax credit expired in September, I traded in my 7.5 year-old Model 3 for a Model Y with FSD.
For someone like me, who likes to stay in control, surrender has never come easily. Yet here I was, cruising through traffic in quiet surrender to the car’s code and sensors. It felt like liberation. And now I have something better than a chauffeur. My car never tires, panics or wavers; it doesn’t jolt at brake lights or grumble at traffic jams. It simply drives, with quiet confidence and near-perfect composure.
People often worry that technology makes us lazy. Maybe it does. But in my case, it has done something subtler: It taught me to trust in the rhythm of the ride. It’s a small miracle I never expected from a car."
Most people don’t know that Tesla has had an advanced AI chip and board engineering team for many years.
That team has already designed and deployed several million AI chips in our cars and data centers. These chips are what enable Tesla to be the leader in real-world AI.
The current version in cars is AI4, we are close to taping out AI5 and are starting work on AI6. Our goal is to bring a new AI chip design to volume production every 12 months. We expect to build chips at higher volumes ultimately than all other AI chips combined. Read that sentence again, as I’m not kidding.
These chips will profoundly change the world in positive ways, saving millions of lives due to safer driving and providing advanced medical care to all people via Optimus.
Send an email with three bullet points describing evidence of your exceptional ability to [email protected].
We are particularly interested in applying cutting edge AI to chip design.
Thanks,
Elon