I was a £70-a-day builder after teachers wrote me off at school – now I'm a crypto millionaire on £500k a year

I was a £70-a-day builder after teachers wrote me off at school – now I'm a crypto millionaire on £500k a year

March 9, 2022

A BUILDER has revealed how he went from earning £70-a-day to becoming a crypto multi-millionaire.

Scott Ryder, 34, from Braintree, Essex, was branded an “academic failure” by teachers who said he’d never amount to anything. 


But he’s had the last laugh as he’s now worth more than £5million and is raking in over £500,000-a-year as a crypto trader. 

His business combines crypto with conventional lotteries and Scott believes it will rival Camelot's Euromillions one day.

Speaking exclusively to The Sun, Scott says: “My teachers thought that because I wasn’t academic and a straight A* student, I’d end up in a dead-end job on a minimum wage.

"But they couldn't have been more wrong. I've built a successful business up from nothing by myself and I couldn't be more proud.

"I have an eight-bedroom mansion in Essex and drive an Audi RX8 and a Bentley.

"I live like a celebrity and love spoiling my girlfriend Natasha. We go on around 12 holidays a year – everywhere from the Grand Canyon and Dubai to Thailand.

"My teachers were wrong. You don't need to go to university. I've made millions from my bedroom."

Scott says the only subject he had any interest in at school was maths because of his life-long fascination with the stock market.

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Scott loves treating his girlfriend Natasha to the 'finer things in life'Credit: Scott Ryder
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Scott is worth over £5 millionCredit: Scott Ryder

“As a kid from a working class background my options were limited,” he explains. “After school I initially got a job as a labourer on building sites.

“It never suited me. I always wanted to be working as a trader at a top City firm, but it wasn’t that easy to get into. 

“I scraped Cs in my GCSEs and landed an apprenticeship after school as a carpenter but I never liked it and I wasn’t very good at it.

“Too many people are written off because they don’t fit into the mould of going to university and getting on a big company’s graduate scheme. 

"But crypto is different, anyone can make a success out of it, regardless of your opportunities or background."

Life-changing trip

After three years Scott jacked in his carpenter job and went on a long break to Ibiza for six months.

It was during this trip that Scott, who lives with Natasha, 30, met a group of brokers who changed his outlook on life.

"It made me realise what was possible," he explains. "They were just ordinary guys like me – they didn't have PHDs or loads of letters after their names. They worked hard, believed in themselves and took chances."

In 2009, when he was 21, he came back and landed a job as a junior broker at Oakmount and Partners Ltd.

I'd always dreamed of being a broker and working in finance but I never knew it was possible

"I didn't have any specific qualifications," he admits. "But I'd been recommended for the position by the lads I'd met in Ibiza.

"They saw that I was enthusiastic and had life experience. It's hard graft working on a building site, and you have to put up with the banter and give as good as you get.

"It's the same on the trading floor, it's fast-paced and a lot of banter. You have to be the sort of character who doesn't get fazed by knockbacks."

Fast-tracked

Within six months Scott was closing deals and had been promoted to head of sales at the firm – putting him in charge of a team of 15 people.

He was also raking in a six-figure salary – affording him a lifestyle that he previously could only dream of.

"I was travelling all over the world," he continues. "Buying designer clothes, sports cars and living the high life."

Having established a successful career as a Forex trader, after three and a half years Scott landed a job as a director at Investex Global.

He was trading oil but lost a lot of money when the price crashed in 2014, when he was 26. He lost his job and had to move back into his parents' house – where he stayed for six months.

“It was a huge setback,” he admits. “But I was determined not to give up.”

Branching out to bitcoin


Despite feeling pressured to get a “normal job”, Scott started exploring cryptocurrency – still in its infancy at the time.

A cryptocurrency is a digital-only token which uses cryptography to regulate how the tokens are created, how they’re traded, and how secure they are, without being a managing central bank. 

While living at his parents', Scott began running an exchange where people could buy and sell bitcoin, then priced around £228 each.

He earned a small commission on each transaction and slowly built his business.

Scott says: "Despite its volatility, I knew that it was a growing sector and branched out to create my own firm before launching my own crypto called Lucky Block last November."

He believes crypto tech makes lotteries "fairer and more transparent" than their conventional counterparts.

"They run on something called a blockchain, which is a record of transactions, with the same records stored in multiple locations," he says.

"People buy crypto Lucky Block tokens that are then entered into a draw. Numbers for lottery draws will be ‘picked’ by a random number generator and anyone who matches their tokens with this number will win."

Like the National Lottery, Scott explains how some of the proceeds will go to a charity – with players being able to see exactly where and how much cash it donated. Players are also able to nominate charities or good causes to support.

Scott adds: "Lucky Block token holders are entitled to a dividend – like a shareholder.

"This means even if they don't win they can still earn tokens which are worth cash – how much depends on how the crypto is valued."

Living the high life

Scott's business has gone from strength to strength, but he firmly believes money is for spending.

"Natasha loves the finer things in life and I love spoiling her," he says.

"When I'm not grafting I'm relaxing with friends and family or jetting away somewhere."

Speaking about the burgeoning crypto industry, Scott said: “Crypto is here to stay and central banks need to wake up to that.

“There have already been steps towards recognising it but there needs to be much more acceptance and regulation.

“I know this is seen as a threat by some because they see them as a rival to conventional currencies. What those people don’t realise is it's just another medium.”

Scott says if you want to get into trading you need to do your research.

"Don't expect to be a millionaire overnight," he continues. "It takes years to master any trade. But it is still is an emerging market and there is a lot of room for it to grow. This means there's a lot of money for the right people to make.

"That could be you if you work hard, take your chance and believe in yourself."




SCOTT’S TIPS TO GET STARTED

Scott says: “I built my business from nothing. Just earning small commissions from trading bitcoin before it exploded in value. That quickly added up and gave me something to build on. Here’s how I did it.

  • Watch YouTube videos to understand more about blockchain technology (the system where crypto works).
  • Research bitcoin and constantly study the market.
  • Take crypto courses on Learn2.trade to learn the basics or do free bite-size tutorials on udemy.com
  • Network with people in the industry and get advice from them.
  • Be wary of ‘crypto influencers’ as there’s a lot of false information on social media and a lot of them are just after clicks.
  • Read everything from opinion pieces to news articles on the latest trends and listen to podcasts on crypto.
  • The best strategy is to buy a coin and hold it for two to three years while it’s working on its roadmap.
  • Then over time you can start making predictions. Sometimes you will get it wrong – which is why it's so vital to not put all your eggs in one basket – but when you win you can win really big.

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