How I Turned a Side Hustle into £1M in Just 4 Years

From Side Hustle to Millionaire: How Lewis Cromptom Achieved Side Hustle Success and Financial Independence in Four Years

Ever wondered how someone could achieve a £1million fortune in just four years starting from a side hustle? Let’s delve into the inspiring journey of Lewis Cromptom, a former retail worker who turned his dream of financial independence into reality.

Identifying the Turning Point

Lewis Cromptom, 35, from Norfolk, had an epiphany that altered his life path. Observing his superior’s stressful life and insufficient pay, he decided he wanted something different. During an interview with Express.co.uk, he said, “When I looked at my boss’s boss, I saw a stressed-out man who wasn’t paid that well. I didn’t want that for my life.”

This realization prompted Cromptom to make a daring move—investing half of his annual salary (£10,000) on a credit card into mentorship for trading, a decision that catapulted his financial career.

From Modest Beginnings to Financial Freedom

Instead of buying products or starting a company, Cromptom invested that £10,000 in mentorship to gain financial knowledge and freedom. “I didn’t want to lead an average life; I wanted control over my destiny and to spend time with my kids without being chained to a nine-to-five job,” he mentioned.

Within seven months of trading as a side hustle, Cromptom managed to quit his job, supporting himself with around £1,000 a month from trading. Though his living conditions were modest (renting in Paddington for £700 a month), he balanced his income with part-time counseling, which matched his academic background in sociology and theology. Importantly, trading took up merely 30 minutes of his day.

The Principle of Low-Risk, High-Reward

Cromptom’s journey to financial independence wasn’t solely driven by money. Instead, he placed a high value on freedom and flexibility, wishing to travel and live on his own terms. This motivated him to excel in trading, which subsequently led to his next venture.

After attaining success in trading, the company that had initially mentored him invited him to give back by educating others. Cromptom realized his passion for teaching and its value. A few years later, he launched his own educational company, Star Trading, aiming to share the same low-risk, high-reward approach that built his success. “Regardless of how much money you have, never start with more than £1,000. Early mistakes should be made on smaller sums, not large ones,” he advised.

Investing in Education

Cromptom is a firm believer in the power of education. “Trading is a skill set, not gambling. My passion for education possibly comes from my teacher parents, but I believe that investing in education is critical to any skill, including trading,” he emphasized. “You need a mentor you can trust to help you succeed. Proper education separates investors from gamblers, and you don’t want to gamble with your hard-earned money.”

Four years from the start of his journey and now residing in Norfolk, Cromptom has amassed a £1million fortune, primarily through property investments and growing his business. Reflecting on his achievements, he said, “It felt amazing. I remember when the business hit its first half a million. It was incredible. However, it has always been about the impact rather than the cash.”

Empowering Others Through Financial Education

Moving forward, Cromptom’s mission is to help a million families live with less stress and more enjoyment through financial education. “To achieve long-term success, learning the skills yourself is essential,” he concluded.

For those looking to achieve similar financial independence, Cromptom’s journey serves as a testament to the power of education, strategic risk-taking, and a relentless pursuit of freedom. Click Here for more personal finance tips and strategies.