22-year-old Google engineer who earns Rs 1.60 crore a year plans to retire at 35 with Rs 41 crore in savings
energy-sapping deadlines, it occurs to working professionals every now and then that they should earn well and save enough to retire early. For many young people, it is one of their most coveted dreams to invest enough money in the future so that they can do more than just have a job.
Sadly, it does not happen like that, but there are some people who make the right decisions at the right time to realise their dreams of early retirement. Ethan Nguonly, a 22-year-old software engineer at Google, is one of those individuals who is aiming for an early retirement.
And Nguonly has set a target of accumulating $5 million (roughly Rs 41 crore) by the age of 35 to achieve his dream, CNBC reported.
Living in Orange County, California, Nguonly said that it was his parents who taught him about the value of investing money in stocks rather than just saving it because, over a period of time, it could become worthless.
''"[My parents] really explained it to me well. They said, ‘If you leave your money here [in a savings account], over time, it's going to become worthless,' and they said that you should really learn to invest it into something,'' Nguonly told CNBC Make It.
«When I was younger, the main thing I was thinking about was, 'All this money keeps getting bigger and keeps growing, and I'm not doing any work for this,'.
This really exposed me to the idea that my investments could make me money instead of me actually having to actively work for it,» he added.
The young techie took two years to complete his undergrad in computer science from the University of California in order to avoid student debt. Soon after his undergrad graduation, Nguonly secured a job at Qualtrics, a software company, and simultaneously pursued his Masters
