I once shared one room with my dad and brother… now I'm a multi-millionaire and splashed out on a Ferrari | The Sun
A DAD-of-one who once shared a room with his dad and brother has told how he became a multi-millionaire.
Samuel Leach, 32, lived in a seven-bed mansion and owned a Ferrari in this twenties after starting his business as a student at the University of Hertfordshire.
During his childhood Samuel, who was born in Watford, shared one room with his family in a five-bed house share.
He rebelled in school during his teenage years and was kicked out of college for not turning up.
Yet by the age of 21, he was making £4,500-a-month.
Now he's worth £10million and lives on a country estate with his girlfriend and three-year-old son.
Read More On Wealth
I grew up poor & hungry on benefits… now I’m a multi-millionaire
I grew up on council estate – now I’m a millionaire… here’s how I did it
Samuel told the Sun Online: "A teacher told me I'd amount to nothing and ten years later I'm pulling up alongside her at the traffic lights in a Ferrari 488. I had to chuckle."
But Samuel's success came from a difficult upbringing.
When Samuel was nine years old his dad lost his successful job as a cartographer when Sat-Navs became popular.
He added: "He drew maps for a living so when Sat-Navs came in his job was redundant.
Most read in Money
Brits on Universal Credit to get £301 Cost of Living cash from TODAY
Exact code to spot when £301 cost of living payment lands in your bank TODAY
Primark issues major online shopping update – and customers will love it
Cadbury is launching a new flavour Twirl – and choc fans can't wait to try it
"My Dad disguised how little we had really well. We lived in one room of a five-bed house share in Watford.
"We had egg rolls and really basic food for dinner. It was a dark time. We were living off very little."
It taught Samuel he never wanted to worry about paying the bills.
He was kicked out of college after failing to turn up and enrolled a year later with a more determined mindset.
"I spent a year playing XBox. When I went back to college I'd learnt my lesson," he said.
"I was a year behind my friends and really didn't like that."
Samuel's real inspiration hit when a teacher told him he could earn a £2,000 university bursary if he got a triple distinction, the highest grade.
He said: "I heard free money and suddenly my brain switched on. I had to have it. I earned the highest grade that year."
Samuel went to the University of Hertfordshire and started practicing making trades on the London Stock Exchange.
He wrote the shares he wanted to buy on a piece of paper and watched for how well they did, imaging making or losing the money.
One summer he earned a place at the UK's most prestigious privately-owned bank after arriving two hours early with a 50-page report on why he deserved the job.
He said: "I got it and as an intern worked as efficiently as senior staff members. They offered me a permanent position as an assistant project manager."
In his third year of university Samuel spent three days at the bank, studied for his advertising degree and set up his own trading business Samuel & Co Trading.
Most days he woke at 5am, checked the stock market, headed to London for work, got home, checked the stocks and did his university work over his dinner every night.
"I did that for seven months. It was making me so ill.
"I allowed myself to finally quit the bank when I started making three times my salary in my own business. I was getting £4,500-a-month so I took a leap of faith," he added.
"By the time I left university I had turned that £2,000 from 2012 into more than £170,000 just by trading."
Samuel went through a phase of revving around town in a flash black Ferrari with the number plate FTSE SAM, but sold it in 2019.
He added: "It was more hassle than it was worth. One morning I started it up at 6am and it startled a deer so badly it got stuck in my fence. I had to call the fire brigade and try to explain to my team why I was late.
"Now, I want to use my money to help people. I don't need the cars and expensive houses."
Samuel's business now runs an Ofqual-registered 16-week diploma in financial trading that costs just £6,500.
He added: "I want to educate people in how to be more financially savvy so others who had upbringings like mine can do well for themselves. It's an ultimate game changer."
Source: Read Full Article