A 16-year-old from Walthamstow, East London, is preparing to buy himself a Mercedes Benz A-class costing £30,000 after turning £150 into £61,000 in less than a year.
How, you might ask, and how do I? YouTube, amazingly.
Edward Ricketts initially earned his £150 working a summer job and came up with a wily way to increase that sum by a pretty penny.
Edward earned his money playing the stock markets after learning the trade from YouTube videos, of which he watched five hours a day.
The business studies student learned how to profit by buying and selling global currencies online from the online video sharing platform – which is literally the most productive YouTube rabbit hole I’ve ever heard of.
He sought advice from a successful trader he’d seen bragging about his luxurious lifestyle on Instagram, but who said he would never succeed without formal training.
The teen, who lives at home with his 54-year-old security guard dad, Oscar Ricketts, and his two siblings, kind of showed him and stuck it to the man.
Edward told Mail on Sunday:
I keep up with the news because it makes a massive difference. The pound is affected by Brexit and I’ve been taking advantage.
The shrewd businessman is so good at his job, he now has 100 clients willing to pay him £155 for his tips on the markets.
Edward, who has eight GCSEs, is thought to be the UK’s youngest foreign exchange dealer – and can’t wait to spend his earnings on a holiday to America for his family, and a car – when he is old enough to drive.
He’s also bought himself a Louis Vuitton wallet and a pair of £800 shoes. But he still sees himself as a saver and hopes to go into property investment when he’s got enough in the bank.
His dad is proud of him, he says, after being initially dubious about his son playing the markets.
Keep making gains, Edward!
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A former emo kid who talks too much about 8Chan meme culture, the Kardashian Klan, and how her smartphone is probably killing her. Francesca is a Cardiff University Journalism Masters grad who has done words for BBC, ELLE, The Debrief, DAZED, an art magazine you’ve never heard of and a feminist zine which never went to print.