By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
FinOracle
  • Finance
  • Crypto
  • Technology
  • More
    • CivitasAI Readiness Index
    • Tech Sovereignty Index
    • CivitasAI Health Index
    • Predictions
    • Financial reports
    • Opinion
    • SWOT
Notification
  • HomeHome
  • My Feed
  • My Interests
  • My Saves
  • History
Personalize
FinOracleFinOracle
Font ResizerAa
  • HomeHome
  • My Feed
  • My Interests
  • My Saves
  • History
Search
  • Quick Access
    • Home
    • Contact Us
    • Blog Index
    • History
    • My Saves
    • My Interests
    • My Feed
  • Categories
    • Economy
    • Travel
    • Gossip
    • Business
    • Fashion
    • Health

Top Stories

Explore the latest updated news!
Microsoft Unveils Massive AI Data Center Capacity Amid OpenAI’s Expansion | FinOracle

Microsoft Unveils Massive AI Data Center Capacity Amid OpenAI’s Expansion

Andreessen Horowitz Refutes Reports of India Office, Labels Claims ‘Fake News’ | FinOracle

Andreessen Horowitz Refutes Reports of India Office, Labels Claims ‘Fake News’

IRS Raises Capital Gains Tax Brackets and Other Key Thresholds for 2026 | FinOracle

IRS Raises Capital Gains Tax Brackets and Other Key Thresholds for 2026

Stay Connected

Find us on socials
248.1kFollowersLike
61.1kFollowersFollow
165kSubscribersSubscribe
Made by ThemeRuby using the Foxiz theme. Powered by WordPress
Investing

How I Retired at 29: Tips for Young Investors

Mark Eisenberg
Last updated: 20.06.2024 12:53 pm
By Mark Eisenberg
Share
How I Retired at 29: Tips for Young Investors | FinOracle
Photo: Finoracle.net
SHARE

Indian Ph.D. Graduate Achieves Financial Independence at 29

At just 29 years old, an Indian Ph.D. graduate has achieved financial independence and retired early. After completing his Ph.D. at the age of 24 in 2018, he worked at Google X, leading AI projects. Subsequently, he held a VP role at JP Morgan until 2023. By aggressively investing his income in stocks, he surpassed $1 million in his late 20s. With yearly expenses of less than 2% of his investments, he made the decision to retire and pursue his passion for building his startup, ThirdEar AI.

Contents
Indian Ph.D. Graduate Achieves Financial Independence at 29Analyst comment

Here are the key factors that enabled him to achieve financial independence:

1. Avoiding Educational Debt: Growing up in Kerala, India, where his parents made less than $20,000 a year, he couldn’t afford an undergraduate education in the US. Instead, he studied at a government college in India, making it much more affordable. Through hard work and ranking among the top 0.1% on a college admission test, he earned the opportunity to study engineering and physics at the prestigious India Institute of Technology Bombay. Opting for a Ph.D. program at the University of Illinois instead of pursuing a costly master’s degree, he received a tuition fee waiver and monthly stipend.

2. Aggressive Stock Investing: While earning his Ph.D., he made a side income through part-time work and summer internships at tech companies. Initially, his savings sat in a bank account earning negligible interest. However, in his final year, he began investing in stocks, focusing primarily on the tech market. Upon starting at Google X, he invested all his savings, spending less than 10% of his compensation and ensuring that every dollar after taxes went into the stock market.

3. Strategic City Choices: Working in expensive cities such as San Francisco, New York, and Seattle allowed him to take advantage of higher compensation. By keeping expenses low, he could rapidly accumulate savings. However, his long-term plan was to move to areas with significantly lower living costs to maximize the value of his savings.

4. Effective Pay Negotiation: Recognizing the importance of negotiating pay, he worked on acquiring multiple job offers and learning negotiation strategies. This approach paid off when JPMorgan approached him, resulting in nearly double the initial compensation offered.

5. Finding a Like-Minded Partner: Meeting his wife at Google X proved to be influential in his early retirement journey. Sharing similar goals, they each invested their savings separately and adopted a minimalist lifestyle. This mindset and financial compatibility allowed them to split expenses equally and prioritize experiences over material possessions.

Achieving financial independence at a young age requires a combination of smart financial choices, strategic career moves, and a supportive partner. This Indian Ph.D. graduate serves as a role model for those aspiring to follow a similar path.

Analyst comment

This news can be evaluated as positive. The Indian Ph.D. graduate’s achievement of financial independence at a young age is inspiring and showcases the potential for success through strategic planning and smart financial choices. As an analyst, it is likely that this news will have a positive impact on the market, as it highlights the potential for individuals to achieve financial independence and early retirement through investment and career opportunities.

TAGGED:AIALSAntAPIARArtBankBank accountBuildingCarCareerCatCESChoiceCiscoCitiCollegeCostDebtDollarEducationEngineerengineeringExpenseExperienceFactFeeFinancial independenceFordGoalGoogleGovernmentIceIllinoisImportIncomeIndiaIndividualInterestInternshipInvestmentInvestorIonJPMorganKeralaLearningLifeLightMarketMaster's degreeMaterialMindMindsetMoneyNationNegotiationNew YorkOppoOpportunitiesOreParentPHPhysicsPlanningPortPotentialProjectRetirementSan FranciscoSavingSeattleShipStarStockStock marketStrategic planningTaxTeaTechnoTechnologyTimeTireUniversityUSVanVestingXperi
Share This Article
Facebook Copy Link Print
Mark Eisenberg
ByMark Eisenberg
Mark Eisenberg is a financial analyst and writer with over 15 years of experience in the finance industry. A graduate of the Wharton School of the University of Pennsylvania, Mark specializes in investment strategies, market analysis, and personal finance. His work has been featured in prominent publications like The Wall Street Journal, Bloomberg, and Forbes. Mark’s articles are known for their in-depth research, clear presentation, and actionable insights, making them highly valuable to readers seeking reliable financial advice. He stays updated on the latest trends and developments in the financial sector, regularly attending industry conferences and seminars. With a reputation for expertise, authoritativeness, and trustworthiness, Mark Eisenberg continues to contribute high-quality content that helps individuals and businesses make informed financial decisions.​⬤

Related Stories

Uncover the stories that related to the post!
Mondelez Defies Exit Calls, Revamps Russian Arm Amid Scrutiny | FinOracle
Business

Mondelez Defies Exit Calls, Revamps Russian Arm Amid Scrutiny

Southwest Airlines Exposes New Boeing Risk in Annual Report | FinOracle
Stock Market

Southwest Airlines Exposes New Boeing Risk in Annual Report

Diocese's 0k Investment in Building Stronger Marriages in Western KY | FinOracle
Business

Diocese’s $100k Investment in Building Stronger Marriages in Western KY

ConsenSys Makes Case for Ethereum ETF | FinOracle
Ethereum

ConsenSys Makes Case for Ethereum ETF

LumaFusion Android Update: Closing in on iOS Version | FinOracle
World

LumaFusion Android Update: Closing in on iOS Version

Taboola Reports Cash Flow Surge to Over  Million in Q2 | FinOracle
Business

Taboola Reports Cash Flow Surge to Over $26 Million in Q2

SEC Settles 0K with TrueCoin Over Misconduct | FinOracle
Crypto

SEC Settles $700K with TrueCoin Over Misconduct

Target Exceeds Q2 Projections with Sales Surge | FinOracle
Business

Target Exceeds Q2 Projections with Sales Surge

Show More
FinOracle

Ready for Core Web Vitals, Support for Elementor, With 1000+ Options Allows to Create Any Imaginable Website. It is the Perfect Choice for Professional Publishers.

  • Quick Links
  • AI
  • AR
  • US
  • Market
  • CES
  • Ion
  • Potential
  • SEC
  • Port
  • War

Quick Links

  • My Feed
  • My Interests
  • History
  • My Saves

About US

  • Adverts
  • Our Jobs
  • Term of Use

© 2025 All Rights Reserved. Design & Developed By Selentium Group AG

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Continue with Google
Continue with Microsoft
Not a member? Sign Up