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How I Came To Australia By Boat And Retired Aged 50 Without A Degree
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A financially savvy former [https://www.change.org/search?q=refugee refugee] will retire next year at the age of 50 despite never getting a university degree.<br><br>Tung Nguyen, 49, fled Vietnam by boat to Australia with his mother and father in 1979 when he was just three-years-old. <br><br>He now works in Sydney's inner west as a senior corporate finance manager with Link Group specialising in investments and equities. <br><br>His wife, Sylvia, is a project manager and the pair are planning to retire when their daughter finishes high school at the end of next year.<br><br>The secret behind Mr Nguyen's wealth is how he capitalised on using his self-managed superannuation fund to invest in gold and cryptocurrency. <br><br><br><br><br>Tung Nguyen, 49, arrived in Australia from Vietnam at the age of three and has now earned enough money to retire with his wife by the time he turns 50<br><br>The finance guru said he has been investing in gold for as long as he can remember.<br><br>'We were on the losing side of the [Vietnam] war and mum got dad out of a prisoner of war camp using gold, so ... I understand the value of gold in a crisis,' he told the Australian Financial Review.<br><br>Mr Nguyen's mother had bribed a prison guard in South Vietnam to release his father from the camp before the family were able to flee to Australia.<br><br>His mother has since died and his father remains in Sydney.<br><br>Mr Nguyen explained he became sick of paying for 'average financial advice' from professionals in 2015, which led him to start investing on his own.<br><br><br><br><br> The secret behind Mr Nguyen's wealth is how he capitalised on using his self-managed superannuation fund to invest in gold and [https://nhanlambangcap24h.com/ https://nhanlambangcap24h.com/] cryptocurrency<br><br>While neither he or his wife have any qualifications in finance, they managed to start filling their self managed super fund with bitcoin and gold investments.<br><br>Cryptocurrency, specifically bitcoin and etherium, account for around 20 per cent of Mr Nguyen's wealth.<br><br>Typically gold and cryptocurrency are not ideal for a retirement investment because of their volatility but Mr Nguyen is confident that now is the time to buy in.<br><br>He said money printing throughout the pandemic and wars in Ukraine and Israel are destabilising the value of the dollar. <br><br>Mr Nguyen plans to spend his retirement travelling with his wife while helping other people learn the tips on how to gain a fortune like he did through writing a book. <br><br>He recently started a Facebook group with the goal of advising people how to invest in order to save $1million.<br><br>'It seems like a good end of a chapter, my wife and I could keep working ... and have more money, but we wouldn't be happier,' Mr Nguyen said.
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