Ethan Nguonly, a 22-year-old software engineer at Google, has set an ambitious goal to accumulate $5 million in net worth and retire by age 35. He is aggressively pursuing this aim through disciplined saving, investing, and expanding his real estate holdings.

Early Financial Education

Nguonly’s journey towards financial independence began early, with his parents instilling the importance of investing. They impressed upon him that leaving money in a savings account sees diminishing value over time. This pivotal advice at a young age shaped his financial outlook.

Fast-Tracked Education

In an effort to avoid student debt, Nguonly fast-tracked his college education, graduating with a computer science degree in just two years from UC Berkeley. While working full-time, he concurrently obtained a master’s degree in information and data science within a year.

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Securing a Role at Google

Landing a job at Google had been a lifelong aspiration for Nguonly. In December 2021, he achieved this goal, securing a software engineering role. With his $194,000 annual compensation package, Nguonly is able to fund his investments while maintaining his standard of living.

Utilizing Family Support to Save Aggressively

By living with family for two years after obtaining his bachelor’s degree, Nguonly saved approximately $60,000, which facilitated his first real estate purchase. This allowed him to establish himself in the market before taking on a mortgage.

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Building his Real Estate Portfolio

In early 2022, Nguonly acquired his first investment property in Florida followed by his primary residence in California in 2023. He aims to continue expanding his real estate holdings to generate mostly passive income. However, he has faced challenges managing out-of-state properties.

Investing Cautiously After Costly Lesson

A significant cryptocurrency loss of around $80,000 in 2021 taught Nguonly the risks of speculative investing. This experience prompted a shift to a long-term, cautious approach focused on ETFs and real estate.

Staying the Course Towards Early Retirement

Despite setbacks, Nguonly remains committed to his goal, budgeting intentionally and expanding his investments. He hopes realizing financial independence by 35 will allow him to spend more time with family in his prime years.

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