Googler Living On $194K In Orange County, CA | Gen Z Money

CNBC Make It

CNBC Make It

8 min, 30 sec

Ethan Nguonly, a 22-year-old Google software engineer, shares his journey towards financial independence through frugality, education, and strategic investing.

Summary

  • Ethan attributes his drive for financial freedom to his parents' early emphasis on education and investing.
  • He finished his bachelor's degree in two years and completed a master's while working full-time at Google.
  • Ethan values the work-life balance and perks at Google, which save him about $4,000 annually.
  • He practices moderate budgeting, enjoys traveling, and invests heavily in ETFs, real estate, and retirement accounts.
  • Ethan aspires to retire by 35, continues to invest in rental properties, and looks forward to family life.

Chapter 1

Early Beginnings and Financial Mindset

0:02 - 21 sec

Ethan discusses his frugal lifestyle, the influence of his parents, and his desire for financial freedom.

Ethan discusses his frugal lifestyle, the influence of his parents, and his desire for financial freedom.

  • He strives to live frugally without compromising quality of life.
  • His parents instilled the importance of education and investing.
  • Ethan's goal is to achieve financial freedom early.

Chapter 2

Investment Interests and College Experience

0:40 - 59 sec

Ethan shares his interest in investing from a young age and his accelerated education to avoid debt.

Ethan shares his interest in investing from a young age and his accelerated education to avoid debt.

  • Developed an interest in stocks during his youth.
  • Graduated from UC Berkeley in two years to stay debt-free.
  • Sacrificed the traditional college experience for financial goals.

Chapter 3

Master's Degree and Joining Google

1:50 - 32 sec

Ethan pursued a master's degree while working full-time and achieved his dream of being employed by Google.

Ethan pursued a master's degree while working full-time and achieved his dream of being employed by Google.

  • Completed his master's degree in one year while working at Google.
  • Always dreamed of working at Google and finally achieved it.

Chapter 4

Big Tech Culture and Perks

2:28 - 36 sec

Ethan appreciates the organized and balanced culture at Google, along with its employee perks.

Ethan appreciates the organized and balanced culture at Google, along with its employee perks.

  • Finds the structured environment and work-life balance at Google better than startup culture.
  • Enjoys perks such as free lunch and personal development reimbursements.

Chapter 5

Budgeting and Lifestyle Choices

3:12 - 43 sec

Ethan discusses his budgeting approach, travel preferences, and daily living expenses.

Ethan discusses his budgeting approach, travel preferences, and daily living expenses.

  • Doesn't adhere to a strict budget but ensures reasonable spending.
  • Prioritizes travel and manages to save on meals by eating at Google.

Chapter 6

Savings and Investment Strategies

3:57 - 1 min, 31 sec

Ethan shares his saving habits, investment allocations, and his experience with cryptocurrency investments.

Ethan shares his saving habits, investment allocations, and his experience with cryptocurrency investments.

  • Invests over $2,800 monthly across non-retirement and retirement accounts.
  • Keeps minimal liquid cash, preferring to invest in assets that outpace inflation.
  • Learned from a costly cryptocurrency mistake and now invests cautiously.

Chapter 7

Real Estate Ventures and Homeownership

5:52 - 48 sec

Ethan discusses his real estate investments and his strategy for saving for his first home.

Ethan discusses his real estate investments and his strategy for saving for his first home.

  • Owns an investment property in Florida and a primary residence.
  • Saved for his first home by living frugally and staying with his parents.

Chapter 8

Future Plans and Retirement Goals

6:56 - 1 min, 24 sec

Ethan outlines his plans for early retirement, family life, and his continued pursuit of growth.

Ethan outlines his plans for early retirement, family life, and his continued pursuit of growth.

  • Aims to retire by 35 to enjoy freedom and pursue passions.
  • Plans to keep buying rental properties and investing in his portfolio.

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