A data scientist retired at the age of 36, but how did he save up enough money to leave the industry?
Yaron Goldstein, 36, has an impressive CV having worked at major international brands including Google and Meta, as well as Boston Consulting Group.
Early on in his career Mr Goldstein took the advice of a mentor he met while an intern in New York City and started to read books including Tim Ferriss’s 4-Hour Workweek and Malcolm Gladwell’s Outliers.
These books led him to examine the connection between money and happiness and make him rethink the idea that he could turn into a “guy who focuses his whole life on doing a career”, he told Business Insider.
Taking lessons from these books Mr Goldstein decided to live his life frugally, cutting unnecessary expenditure out and living well within his means.
He avoided spending money every day on Starbucks coffee and instead bought luxury tea every month for $50 (£39.73), more of an initial investment but overall working out to be cheaper.
Mr Goldstein also did not invest in a car while working as he was able to rely on the public transport systems in Zurich and Berlin.
He started his savings early in his career by setting aside a few hundred dollars a month which then progressed to setting aside $1,500 (£1,191.94) monthly.
Mr Goldstein was able to make these savings by living on roughly two-thirds of his income, becoming half as he progressed in his career as he was earning €330,000 by 2020.
On top of these economic efforts he also made the wide financial decision to invest in Tesla in 2016 which only added to his already considerable savings.
Yaron finally retired in May 2023 and now adheres to the four percent rule which dictates that it is safe to withdraw about four per cent of your portfolio each year once you’ve retired.
Yaron said: “No one can ever force you to say success means joining a big company and staying there for 40 years and going up the career ladder.”