Tim Sykes was in high school when he made his first million. He acquired $12,415 of gift money at his bar mitzvah and decided to start day trading penny stocks. By the time he was 21, his investment of only $12,415 was worth $1.65 million! Tim saw an opportunity to create money in the stock market, although very risky, and took a shot at it anyways like a true entrepreneur. In college, he would reportedly skip class a lot to day trade penny stocks, and by the time he graduated he was worth an estimated $4.4 million. Once out of college, he personally advised people how to trade penny stocks successfully, and made a nice profit doing so. He later set up his own blog detailing penny stock trading investment strategies, advice, and what investments were the best to make at the current time. He self-reported that his blog brings in around $15-20 million in revenue, and he started all this before the age of 25. Tim Sykes demonstrates many characteristics of successful entrepreneurs, such as seeing a niche in the market to profit form, personally advising people in penny stocks, and starting his own blog with in-depth details regarding stock trading to make profit form, making Tim Sykes a successful young entrepreneur.
Dang, if I had the time to look at the stock market and not be worried to make risks I definitely would. A key trait that all entrepreneurs have to have is being a risk taker and he clearly has that.
Not only was he successful in trading stocks, he also was a successful entrepreneur. He can see a niche in the profit and learn how to market that from an entrepreneurial view and with a stock broker’s view. He is clearly not afraid to invest in the future.
How can I be him? It is crazy to think that someone so young can make that much money! It is nice to know that he didn’t hoard his knowledge and talent and he is sharing it with others.
That is amazing! I honestly wouldn’t know where to start, let alone make millions of dollars while in high school and college. I guess it just goes to show that if you stick to something you’re good at, you can be incredibly successful in life.