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【管理訊息】理財百科/29歲就財務自由 他分享5祕訣
2024/05/14 02:28:46瀏覽98|回應0|推薦0

理財百科/29歲就財務自由 他分享5祕訣

 2024-05-12 19:50 ET

實現財務自由是多數人的夢想,研發人工智慧耳機的ThirdEar AI創辦人丹尼爾·喬治(Daniel George)在29歲時便實現了經濟獨立的目標,提前退休了。

2018年,24歲的喬治取得博士學位後,在谷歌的實驗室Google X工作,負責早期一項祕密的月球計畫人工智慧部分。2020年,他離開到摩根大通(JP Morgan)擔任副總裁,並一直工作至2023年。

喬治表示,從2017年只有1000元開始,23歲的他便將收入積極投資股票,並在30歲前賺進第一桶金,獲得超過百萬元。到2023年,他在美國一年的支出,不到投資所得的2%,於是他選擇離職。

喬治說,他不需要再為賺取薪水而煩惱,可以從事自己最熱愛的工作。他把時間都花在新創公司ThirdEar AI上,這是一項能在沒有提示的情況下提供即時協助與建議的人工智慧技術。以下是喬治分享實現財務自由的五個建議:

1.避免為教育背債

喬治在印度喀拉拉邦(Kerala)長大,父母年收入不到2萬美元;如果不舉債,根本無力負擔他在美國受教育的費用,甚至無法在印度上私立大學。因此,他決定就讀印度的一所公立大學,那裡學費便宜許多;後來直接申請到伊利諾大學香檳分校攻讀博士學位。

喬治指出,他的教育過程整體來說沒花一分錢,他用一半的獎學金支付生活費,剩下的另一半用來繳學費還綽綽有餘。

2.年輕時便積極投資股票

喬治在獲得Google X全職工作後,便開始將所有積蓄用於投資。他將開支控制在薪酬的10%以下,並把稅後的每一塊錢都投入股市--主要是科技股。他表示,除了股票,他沒有投資其他項目,也沒有現金儲蓄

喬治指出,由於複利是呈指數增長,因此越早投資越好;雖然高獲利伴隨著高風險,但在市場上投資的時間勝過時機,即使股票下跌,如果能熬過夠長的時間不賣出,股價通常會再回升。

3.一開始在生活成本高的城市工作,但不要長期定居

在舊金山、紐約與西雅圖,許多工作的報酬可能比其他城市高,但通常也存不了錢,因為生活成本相對也很高。

喬治說,在就業初期,當沒有太多開支時,搬到這些城市代表可以充分利用高收入來迅速累積儲蓄;當想定居下來時,便可以搬到生活費用低得多的地方,來讓儲蓄的價值倍增。

4.學會薪資談判

喬治表示,在研究所畢業後馬上獲得Google X的第一份工作,他也立即接受了。他的一些朋友,沒有博士學位,入職的職位也比他低,卻拿到三倍的股票薪酬,因為他們透過談判,向谷歌展示了其他公司提供的條件。

5.找到志同道合的伴侶

喬治與妻子是在Google X認識的,兩人在消費與投資上有著相同理念,並分攤所有開支。他說,他們都喜歡過著簡單的數位遊民生活,重視旅行與體驗,勝過擁有昂貴的物質財富,這也是他能提前退休的原因。

喬治建議,如果想要有個伴,找到志同道合的伴侶是長久幸福與成功的最重要因素之一。        

 

I invested most of my salary for 7 years and had enough to retire at 29. My best tips: Start young, take risks, and dont settle in expensive cities.

Daniel George traveling in Iceland.Courtesy of Daniel George
  • Daniel George worked at Google X and then as a VP at JPMorgan after receiving his Ph.D. in 2018.

  • During his Ph.D., he started investing most of his income. By 2023, he was living off 2% of his investments.

  • He has shared five things that were key to achieving financial freedom and quitting his job at 29.

This is an as-told-to essay based on a transcribed conversation with Daniel George, a cofounder of ThirdEar AI. He provided documents to verify his finances. The following has been edited for length and clarity.

At the age of 29, I reached financial independence to retire early.

After finishing my Ph.D. at 24 in 2018, I worked at Google X, leading AI for secret early-stage moonshot projects. In 2020, I left for a VP role at JP Morgan and stayed with the firm until 2023.

Starting with only $1,000 in 2017, I had aggressively invested my income in stocks and crossed my first $1 million in my late 20s. By 2023, my yearly expenses in the US had become less than 2% of my investments, so I left my job.

I dont need to worry about earning a salary again, so I can work on whatever Im most passionate about. I spend my time building my startup, ThirdEar AI, an AI that gives real-time help and suggestions without prompts.

Here are the ways I was able to do it:

1. Avoid educational debt

I grew up in Kerala, India, where my parents made less than $20,000 a year. I wouldnt have been able to afford an undergraduate education in the US or even go to private colleges in India without taking on debt. So I decided to study in a government college in India, which is much cheaper.

I studied hard for a test that students in India take every year for college admissions. I was ranked among the top 0.1% and got to study engineering and physics at the Indian Institute of Technology Bombay, a top public university in India. The entire cost was only about $1,200 a year, including tuition, housing, and food.

Instead of taking on debt to pursue a masters degree, I applied directly for a Ph.D. program at the University of Illinois Urbana-Champaign.

You can apply directly for Ph.D. programs in the US without getting a masters degree first. Ph.D. students at US universities will often get their tuition fees waived and receive a stipend from day one — usually $2,000 to $3,000 monthly. You get a free masters degree two years into the Ph.D. program, saving you time and money.

I moved to Illinois in 2015. In two years, I received a free masters degree. After just one more year, I finished my Ph.D. early at age 24.

My entire education didnt cost me anything overall. I only needed half of the stipend I received to cover living costs; the leftover income was far more than the cost of my undergraduate degree.

2. Invest aggressively in stocks when youre younger

I also made a side income during my Ph.D. by working part-time and doing summer internships at tech companies. Most of the money I made initially sat in a bank account, earning negligible interest. In the final year of my Ph.D., I slowly started buying stocks.

I learned more about investing. When I started working full-time at Google X, I began investing all my savings. I spent less than 10% of my compensation at Google X and invested every dollar after taxes in the stock market — mostly tech stocks. I didnt invest in anything other than stocks and kept no cash savings.

The earlier you invest, the better because of compounding exponential growth. However, this growth is coupled with a lot of risk and volatility. However, time in the market beats timing the market. Even if stocks go down, they usually will go back up if you can wait long enough without selling.

When youre young and working, you can handle the risk and market volatility because you have an income from your job and lower living costs.

When youre older or retired, you probably want to diversify into safer, less-volatile assets like bonds, treasuries, and regular savings accounts.

3. Work in expensive cities at first but dont settle in them

In San Francisco, New York, and Seattle, the compensation for many jobs can be much higher. This doesnt usually help toward saving because the cost of living there is also high.

Moving to these cities early in your career when you dont have much expenses means you can take full advantage of this high income to accelerate your savings rapidly.

When I started working at Google X in Mountain View, California, I made about $270,000 a year. I shared a nice apartment with friends, ate most of my meals at Google offices, and didnt have other major expenses, so I spent less than 10% of my income.

Eventually, when you want to settle down, you can multiply the value of your savings by moving to places where living expenses are significantly lower.

4. Learn to negotiate pay

For my first job at Google X, I was given an offer right after grad school and accepted it immediately.

I had friends who joined at a lower-level role than me without a Ph.D. but were getting paid triple the stocks because they negotiated by showing Google counter offers from other companies.

When JPMorgan approached me about a job a couple of years later, I had a lot of leverage because I made sure to get several offers from tech companies and hedge funds. I also invested some time to learn about negotiation strategies.

I leveraged other offers, avoided specific numbers when discussing salary expectations, and looked at all aspects of my pay package when interviewing at JPMorgan. I negotiated my pay well and got nearly double the initial compensation they offered.

5. Find a partner who has similar goals

My wife and I met at Google X. We were around the same age and had both done Ph.D.s in AI. We had similar income, and we each have roughly equal savings invested in separate stock accounts.

We share the same mindset about spending and investing, splitting our expenses equally. We both enjoy a minimalist digital-nomad lifestyle, valuing travel and experiences over owning expensive material possessions, which is why I could retire early.

If you want one, finding the right partner is one of the most important factors in your long-term happiness and success.

Read the original article on Business Insider

https://ca.finance.yahoo.com/news/invested-most-salary-7-years-181442762.html

https://www.instagram.com/dan7geo/

Daniel George

Startup Founder, ex-Google ex-JPMorgan AI Scientist, Digital Nomad, Onebagger, PhD AI / Astrophysics, Living in 25+ countries since 2021

( 知識學習商業管理 )
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