--- title: How to Retire at 35 - Money Lessons from Ethan Nguonly description: Ethan Nguonly A FIRE enthusiast, is on track to retire at 35 with $5 Million. Here are the lessons he learned and wants to share with us. image: https://www.financialplanningindubai.com/hubfs/How%20to%20Retire%20at%2035%20%28350%20%C3%97%20250%20px%29-2.png --- [![Financial_Planning_in_Dubai_logo](https://www.financialplanningindubai.com/hs-fs/hubfs/Financial%20Planning%20in%20Dubai%20Logo_9090-2.png?width=90&height=90&name=Financial%20Planning%20in%20Dubai%20Logo_9090-2.png "Financial_Planning_in_Dubai_logo")](https://www.financialplanningindubai.com/?hsLang=en-gb) - [Home](https://financialplanningindubai.com/) - [Blog](https://www.financialplanningindubai.com/blog) - [Services](https://www.financialplanningindubai.com/services) - [Islamic Investments & Takaful Plans](https://www.financialplanningindubai.com/blog/salama-hyat-plus-takaful-plan) - [Medical Insurance](https://www.financialplanningindubai.com/blog/topic/medical-insurance) - [Free Resources](https://www.financialplanningindubai.com/free-finanical-tools) - Tools - Calculators - [S&P 500 Investment Calculator](https://financialplanningindubai.com/sp-500-investment-calculator/) - [Life Insurance Calculator](https://www.financialplanningindubai.com/life-insurance-calculator) - [SIP Calculator](https://financialplanningindubai.com/sip-calculator/) - [Lumpsum investment calculator](https://www.financialplanningindubai.com/lump-sum-investment-calculator) - [Inflation Calculator](https://www.financialplanningindubai.com/inflation-calculator-uae) - [Net-Worth Calculator](https://www.financialplanningindubai.com/blog/free-personal-balance-sheet-template-networth-statement) - [The Best Budget Planner for Expats](https://www.financialplanningindubai.com/expat-budget-planner) [Book A Discovery Call](https://www.financialplanningindubai.com/meetings/damodhar?hsLang=en-gb) # How to Retire at 35 - Money Lessons from Ethan Nguonly ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) 8 Sept 2023, 10:39:23 ###### [Early Retirement,](https://www.financialplanningindubai.com/blog/topic/early-retirement) [Fire](https://www.financialplanningindubai.com/blog/topic/fire) I wish someone had taught me this when I was 22!🤔 Twenty-two years old, Ethan Nguonly is on track to retire at 35 with a 5 Million Dollars Retirement Corpus. His current investment value is $135,000, diversified across his retirement portfolio, real estate, and stocks. But was it easy for him to get here? Did he get lucky? No, he did not... In fact, he made a few big investment mistakes before getting here😳. ## Big Mistakes He lost $80,000 in cryptocurrency investments and margin trading in 2021 and 2022. While many would have quit investing or would have gambled more to regain the money they lost. Ethan Nguonly learned lessons from his mistakes, made amendments, and is on track to make it big. He spends less than he earns, invests the difference, and stays focused on his early retirement goal. ![How to Retire at 35-2](https://www.financialplanningindubai.com/hs-fs/hubfs/How%20to%20Retire%20at%2035-2.png?width=750&height=400&name=How%20to%20Retire%20at%2035-2.png) ### Key Lessons  The following are the lessons he learned and wants to share with the world; ▶ Plan to retire early and Start Investing for retirement early. There is no point in trying to climb a mountain at 67 ► Idle money in a bank will lose value while investing will help grow wealth and achieve financial goals. ► Only invest money you have - Do not borrow or leverage. Leverage is a twin-edged sword. It can multiply profits and losses. Are you keen to grow wealth💰, retire early, and achieve your financial goals🏆? ✅ Here is an opportunity to learn how to do that. ### Introducing the "Money For Life and Beyond" Webinar - Discover how to make your money work for you, invest wisely, and secure a prosperous future. 🌟 Highlights: ✔️Introduction to budgeting, investing, and retirement planning ✔️Q&A  ✔️Practical tools to apply what you learn 📅 Date: Saturday, 16th September 2023 ⏰ Time: 5.00 Pm 📍 Url: [https://bit.ly/money4lifewebinar](https://bit.ly/money4lifewebinar) Save Your Spot! Mark your calendar and prepare for an empowering webinar experience! [#Webinar](https://www.linkedin.com/feed/hashtag/?keywords=webinar&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7105794352446124032) [#Dubai](https://www.linkedin.com/feed/hashtag/?keywords=dubai&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7105794352446124032) [#UAE](https://www.linkedin.com/feed/hashtag/?keywords=uae&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7105794352446124032) [#FIRE](https://www.linkedin.com/feed/hashtag/?keywords=fire&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7105794352446124032) ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) Author, Blogger & Independent Financial Advisor. My goal is to give you actionable tools for creating passive income and building wealth. More than 10,000 expats have already used my ideas to jumpstart their journey towards financial independence. Connect with me to start yours... Share this article on [mailto:?subject=Check%20out%20How%20to%20Retire%20at%2035%20-%20Money%20Lessons%20from%20Ethan%20Nguonly%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/how-to-retire-at-35](mailto:?subject=Check%20out%20How%20to%20Retire%20at%2035%20-%20Money%20Lessons%20from%20Ethan%20Nguonly%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/how-to-retire-at-35) ##### Read more - [The Real C-Suite – The Only Title That Matters 🏆](https://www.financialplanningindubai.com/blog/breadwinner?hsLang=en-gb) - [The Wealth Secret 99% of Investors Ignore – Will You?](https://www.financialplanningindubai.com/blog/the-iceberg-of-investing?hsLang=en-gb) - [From Risk to Reward? 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