Watford stock trader reveals how you can be financially successful
A business owner and author who works 100 hours a week and made Â£ 170,000 in a year gave his advice for financial success.
Samuel Leach, 28, from Watford grew up financially struggling and shared a single room with his father and brother. Their support made him want to find a way to give back.
He said: âMy parents divorced from a young age, but they supported me through thick and thin. I have spent my time and my career paying them back and looking after them financially.
Mr. Leach discovered his money making chance at the age of 20 when he went to West Herts University to study Marketing and Advertising.
He said: âWhile I was there I was looking for the best paying jobs and found an oil rig, but I needed ten years of experience before I could apply.
âInstead, I started looking for stocks and trading. I decided to take the risk and use my student loan and luckily for me I didn’t lose.
With his student loan he managed to turn Â£ 2,000 into Â£ 178,000 in one year and has never looked back since.
He added, âI started to get bored in college very quickly after going to the markets. Over the past year, I had lost all passion.
âIn my last year I was working for a private bank in London and still doing my own business. They wanted to keep me at the end of a summer internship.
âThey agreed to keep me on a full-time salary, to work only two days a week and I could still be in college. But it didn’t go well, there was a lot of stress.
Shortly after, Mr. Leach was holding a conference at his university to teach people how to trade stocks.
His FCA Samuel and Co Trading accredited business was launched in 2012.
Since 2016, his company has taught over 3,000 people in 63 countries how they can potentially build their wealth through a second income from trading or becoming a full-time trader.
He added, âMy business is teaching people how to trade while continuing to trade myself and it has grown tremendously.
âWe give people the opportunity to trade and we make 50-50 profit shares. We have expanded globally to regions such as New York.
Mr. Leach works 100 hours a week and hopes to retire at 32.
He has just launched his book, The Formula for Success: How to Win at Life Using Your Own Personal Algorithm.
He added, âMy social media followers were asking me how I got to where I am now, so I decided to write a book to explain everything.
âTo be honest, I was going to write a book for future generations. If anything happened to me, I wanted people to know how I had done it.
âI used to read a lot of self-help books but they had never covered a method, like a step by step.
“I work with algorithms every day in stocks and decided to put it into a theory of what you need to apply in your life to achieve what you want.”
Mr. Leach detailed âLeach Theoryâ as an algorithm in which you pick specific traits of five successful people, find what they have in common, and apply them to yourself.
He added, âSuppose if I were to simplify everyone’s behavioral traits, if I were to meet you in person, I would raise my hand to shake yours.
âIt’s a behavioral trait almost like a pattern or an algorithm. Everyone has the ability to create patterns and we do them naturally.
âSay you earn the same amount or more than the five people closest to you. It’s hard to get past that.
âYou want to identify with people who are like what you want in life, that’s the leach theory.
âIf you admire Steve Jobs and Elon Musk, you’re going to have crossover traits, like the way they approach risk.
âYou have to think about how you can implement this trait in your life and create a physical plane. ”
Mr Leach hopes to focus on charity work once he retires and is working on launching a charity called Overwatch this year to help tackle plastic pollution in the ocean.
Asked about his advice for future business owners, he said, âGet used to having sleepless nights. Hard work is not easy.
âIf you want to get into stocks, understand that you need to have a clear vision and an understanding of the basics of finance.
“Success does not happen overnight, it is created over the years.”