CNBC Make It.<\/em><\/p>\n“When I was younger, the main thing I was thinking about was, ‘All this money keeps getting bigger, keeps growing, and I’m not doing any work for this,’.\u00a0This really exposed me to the idea that my investments could make me money instead of me actually having to actively work for it,”\u00a0he added.<\/p>\n
His determination to achieve financial freedom led him to\u00a0complete his computer science degree at the University of California, Berkeley, in just two years, avoiding student debt. He also opted to stay with his family after completing his bachelor’s degree to save money on rent.\u00a0<\/p>\n
He then\u00a0secured a job at a software company while simultaneously starting his\u00a0master’s degree in\u00a0information and data science. He completed the course in August 2022. In the midst of getting his master’s, he also landed a job at Google as a software engineer. He has an annual income of $194,000 (roughly Rs 1.60 crore), inclusive of bonuses and stock units.<\/p>\n
At present,\u00a0he also has close to $135,000 (Rs\u00a01.11 crore) invested across his retirement and other investment accounts, as well as homes in Florida and California. He aims to invest 35% of his take-home pay each year and plans to expand his real estate portfolio in the near future.<\/p>\n
Mr. Nguonly bought an investment property in Riverview, Florida at the start of 2022 and about a year later, bought his primary residence in La Palma, California where he lives with his dog.\u00a0<\/p>\n
He doesn’t spend too much money on food because Google provides free breakfast and lunch. Further, he doesn’t believe in splurging on brand-name clothes and prefers to wear simplistic and affordable clothes. While he loves traveling and usually takes three to four trips a year, he sticks to lower-cost options rather than luxury upgrades,\u00a0such as sharing an Airbnb with a friend.\u00a0<\/p>\n
To reach his $5 million goal, he plans to continue investing in his retirement accounts and adding to his real estate portfolio by buying a new property every couple of years.\u00a0<\/p>\n
Talking about a book that really inspired him on his journey, he said, ”It talks about how you should spend more money on experiences and travel while you’re still young and healthy. This is why I really set out this goal.\u00a0I don’t want to be 67 years old trying to climb up some mountain, I’d rather do it while I’m still able to fully enjoy these experiences.”<\/p>\n
\u00a0<\/p>\n<\/div>\n
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