So, if you have a kid aged at least 12, you can become a millionaire. Oh, wait. I misspoke. That kid can become a millionaire without having to be in Hollywood. All they need to do is invest in cryptocurrency and play their cards right.
Take it from Erik Finman.
Erik Finman invested $1,000 in Bitcoin at the age of 12 in 2011. As of this recording, he has a net worth of about $4.5 million. All from Bitcoin.
At the age of 12, Finman knew he hated school. Please try your hardest to make your children love school, by the way.
In an interview with Cheddar News, Finman said his older brother brought him to a protest following the financial crisis of 2008. He recalls running from the police and seeing a man wearing a bitcoin shirt. He described the man as a hippie. He asked the man what bitcoin was.
That prompted Finman to research the cryptocurrency himself and he decided, along with his brother, that it was the next big thing.
Fiman struck a deal with his parents to be able to skip college in pursuit of an unorthodox education.
The deal? He had to turn $1,000 in cash that his grandmother gave him into an impressive $1 million.
I don’t know about you but if I was 12 and I was given $1,000, I would probably come home with the latest Xbox games.
Finman was a different breed apparently.
He spent every day for three years trading. At age 15, Finman sold $100,000 worth of bitcoin, founded an education startup, and dropped out of high school.
For eight years, he’s grown his bitcoin holdings from about 100 to 450. He officially became a millionaire at age 18.
He is now 20. He’s invested in a competitor cryptocurrency that he says will “kill” Facebook’s forthcoming Libra cryptocurrency.
The world is watching his next move but regardless of the result of his venture, he has already proven how cryptocurrency, and the right trading strategy can turn $1,000 into millions.