I was an immigrant kid who lived in a council house, so started side hustling at age 14… and made £800k by 23
A WOMAN has opened up on her journey on how she made her first £800,000 at the age of 23 after years of financial struggle.
Sitting in front of a camera in a stunning white silk dress, Lily Zaremba explained: “Before you think that ‘she’s pretty, she’s got the looks for it, she’s got OnlyFans, she’s got blah blah blah, she’s got a rich sugar daddy, she’s got a rich family’…
“I ain’t got none of that, okay? Just have to make that clear.”
Lily then started at the beginning, revealing that she was born in Toronto, Canada, and her parents are immigrants.
“My mother is from China, my father is from Poland,” she said. “And both of them came to Canada expecting to obviously have a better life.”
The blonde beauty said she always saw her parents work “extremely hard for their money” and they’d tell her to “work hard” as they believed she would be successful if she did.
“But the math just wasn’t mathing for me,” she shared as paying the bills was a struggle, they didn’t take any vacations, they fought over the lack of money and they lived in “government housing”.
Admitting that she didn’t want to follow the same route as everyone else, she shared: “My first go at entrepreneurship and actually just making money for myself was between the ages of 10 to about 13-years-old.”
Lily said she “got into digital art” and made commissioned artwork for people on a website called DeviantArt.
She’d make between £40 to £120 every month as a result.
Later, she decided to have a go at dropshipping, but confessed she “didn’t realise how much time that required” as she had to research and find a product worth selling.
After four to five months of finding the right product and putting a great deal of advertising behind it, she only made £637.
“My third attempt at making money online was actually one of the most successful for me,” she continued.
“This was me deciding at the age of 19, being a university student, that I was just sick of it. I wanted to crack the code, I wanted to really start making real money online.
“So I decided that my house and my mother’s house basically and our condo… To instead of renting it out to tenants every single month, who was giving us tons of headaches…”
She went on to say that the maximum rent they’d been making off the house, which featured four bedrooms, and the condo, was in total making them between £2,390 and £3,187 a month.
They decided the headache from the tenants wasn’t worth the money they were making from this, so they decided to turn their house and condo into an Airbnb.
They invested nearly £16,000 into their Airbnb and it took off for them. On their first booking, which was for a guest staying for one week, they had made £800.
Through this method, they began making between £6,400 to £10,350 a month.
“The problem was that the majority of this money I was giving towards my mother, of course, making sure that our mortgage was getting paid off quicker,” she continued. “So most of that money that was given towards her.
“Not much of it was much that I could keep to myself.”
Seeing the potential, she decided to find another way to make money and this led her to her fourth venture.
“My whole life changed because of this business model, because of this business,” she said.
“I’m walking like I went from a net worth of 50 cents (40p) at a point in my bank account to then seeing over a million dollars (£800k) in my account and I was like oh my gosh.”
After seeing an old friend get into the same space, Lily said she was introduced to a financial education platform, where she learned how to trade.
She got live sessions to ask experts questions and watch how “they were doing it”.
Lily said she paid £239 to get started.
The entrepreneur said she first tried it on a demonstration account, where she made all the mistakes in order to learn from it.
She then used a real account and saw the “numbers grow and grow and grow” and she eventually made £398 in one day.
Lily said the best part was that she kept all the money she made from it, adding: “I wasn’t sharing it with anybody.”
Urging people to use a regulated broker, she went on to warn people that there will be days where you’ll lose money.
But it was this business route that led to her make £800,000 by the time she was 23.
People were amazed by her story as one person wrote: “You are awesome. My bro has been trying to get me to invest in trading. I’m now sold. Thanks for the insight.”
Another said: “Amazing, i love seeing women being successful. I will start trading once my college workload becomes a little more manageable!”
While a third added: “I definitely need a visual tutorial step by step because it’s confusing”.
Before you think about going into trading yourself, remember that like any kind of investment your money can go up as well as down, and you could end up losing it all.
Also be aware that there are bogus firms out there that will trick people by using the same name, registration number and address of legitimate companies.
Before you begin to trade, you should check the Financial Conduct Authority (FCA) register to ensure the firm you’re using is regulated. Also do a search to make sure the company isn’t on the regulator’s warning list.
You should seriously consider seeking financial advice or guidance before investing. Use Unbiased to find an IFA in your area – although check what fees they charge before making an appointment.