The journey of Daniel George from IIT-Bombay to Silicon Valley’s tech giants and eventual entrepreneurship is a testament to the power of financial discipline, have a look at his net worth
Daniel George, a distinguished graduate of IIT-Bombay embarked on a remarkable financial journey that culminated in his ability to contemplate early retirement at the young age of 29.
Who is Daniel George IIT-Bombay techie, biography, age, wife, education, company and net worth
Armed with a bachelor’s degree in engineering physics from IIT Bombay, Daniel George’s trajectory included stints at tech giants Google and JP Morgan.
At the age of 24, fresh from a summer internship in the United States, Daniel George secured a coveted position at Google with a substantial annual salary of $265,000 (approximately Rs 2.2 crore).
His dream job at Google X provided not only a fulfilling work environment but also a plethora of perks, from unlimited food and drinks to recreational facilities like ping-pong tables, video-game rooms, and even free massages.
However, George’s financial acumen didn’t stop at earning a lucrative salary. Realizing the impact of taxes on his income, he delved into self-education on finances and taxes, learning to optimize his retirement accounts to minimize tax liabilities. This proactive approach marked the beginning of his journey towards financial independence.
In a conscious effort to save more, George embraced a frugal lifestyle. He chose to walk or bike to work, eliminating the need for a car. His three daily meals at Google further contributed to cost savings, and by sharing an apartment with friends, he managed to keep housing expenses low, even in the expensive Silicon Valley.
Contrary to the trend of splurging on cars and houses, George opted to invest most of his earnings. His philosophy centered around early savings by allowing his money to grow and compound exponentially. This disciplined strategy laid the foundation for his financial success.
By 2020, George was investing over $75,000 annually into tax-advantaged accounts, showcasing both his commitment to financial planning and his ability to capitalize on opportunities. Although he had amassed enough wealth to retire and return to India, a significant personal development led him to stay in the U.S. — he met his future wife, also an AI scientist at Google.
A pivotal career move in June 2020 saw George join JP Morgan to lead applied AI projects, doubling his compensation. Despite this increase, he continued to live modestly, with his only possessions being clothes, a mattress, a bed, and a 65-inch TV. His disciplined financial habits resulted in reaching his first million dollars in savings at the age of 27.
In August 2023, at 29, George decided to take a bold step. He quit JP Morgan and co-founded a startup named ThirdEar AI with friends. George expressed confidence in his ability to risk starting his own company, free from the constraints of worrying about earning a salary. He believes that, thanks to his early investments, passive income generated will be sufficient to cover family expenses when he and his wife decide to settle down and potentially have children.
By the year 2020, despite having enough money to retire and return to India, George chose to stay back in the US because by that time he had met his future wife, who was also an AI scientist with Google. He revealed that two years ago, at the age of 27, he reached his first million dollars in savings as his stock portfolio had done well, and he had also been investing all his paychecks and the large bonuses of 70% of his base salary from JP Morgan. Then last year in August, at 29, George quit JP Morgan and cofounded a startup named ThirdEar AI.
Daniel George invested enough money to retire at 29.
By 24, he started at Google X.
His starting salary was $265k/year.
By 26, he invested over $500k.
At 27, he had reached his first million dollars in savings. https://t.co/c1I4LPzX2M— MY VΛLUΞ PICKS (@myvaluepicks) January 13, 2024
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