by Rushali 
Investment is one such field in which the age factor is almost non-existent. People or shall I say kids of any age can invest and grow their money or in that case pocket money and that is the beauty of savings and investment.
There is a very famous saying “Make your money work hard for you” and it all implies in the field of investment, in fact, this is the only field which rewards you for being as early as possible.
Finance experts have been explaining this for quite a long time by explaining the compound principle and the power of an investment.
The crypto space is evidently proving this, you just needed to be early and have faith in this promising technology, the early you are the richest you can be.
Even if we overlook the impacting nature of this blockchain tech we cannot overlook the money-making and growing abilities of this so-called unregulated space.
Yes, you can invest in stocks, companies, startups, mutual funds, and the list is unending but, cryptocurrency is the only field that can give you 12000% returns on your saving. The only caveat being the risk, but in any case, we shouldn’t and can’t overlook the risk factor. If you are putting your money in anything other than fixed deposits then you are somewhat exposing your money to risk. You have to think about why the fixed deposits are safe and why other investment instruments hold risk because of the diminishing returns from Fixed deposits.
If you compare the returns then you will have a fair idea of the phrase that more the risk merrier the reward.
Fixed deposits give you around 5-6 percent in a year, mutual funds give you 10-12 percent in a year, stocks being even riskier can give you 20-25 percent returns and crypto can give you 200-300 percent returns. Now you can see for yourself why everybody terms crypto as the riskier investment.
Also, crypto rewards can get even bigger if you are an early investor then the risk of losing your capital becomes almost non-existent.
Let us take an example of a guy who invested in bitcoins when it was trading around in cents and thinks of his investment now, the risk of losing the capital is next to impossible because a 30000 dollar instrument cannot drop down to cents even if we consider the worst-case scenario too, until or unless someone turns back time.
Anyway, these are just opinions and it is up to you to do your math and it is always advisable to do your own research before investing. This is not any kind of financial advice.
Today we will be talking about the youngest, I mean literally the youngest bitcoin millionaire of planet earth.
Eric Finman, this guy is the epitome of an example of what could unfold if you choose the right place and time to put your savings and pocket money in.
We will also take a look at his current net worth.
Introduction
Eric Finman was born in 2002 in San Francisco, California, and is famously known as the youngest bitcoin millionaire at the age of 18.
We can’t really talk about his education because that was the thing he exchanged for this net worth. That’s a very interesting story which we will discuss in the latter part.
Let us look at some other activities he has done and is presently indulging in.
Well, let us look at his current achievements
Currently, he is working as the Manager of Metal pay, it is a company that can be described as Paypal on steroids as it holds the same concept of sending money instantaneously in every part of the world but, the users are rewarded with cryptocurrencies for using Metal pay.
Eric Finman has also contributed as the Project Marketing lead for the company Coinbits and under his hood coin bits has seen some huge growth in the userbase.
Among his other notable achievements, in 2017 Finman worked with Nasa on a project in which they launched a mini Satellite containing recordings of notable figures and celebrities and also regular people.
Eric Finman in 2013 founded the online education forum known as Botangle after facing hardships in his own education and the education system as a whole disappointed by the behavior of teachers towards the student.
Coming to the interesting story behind his millionaire title.
So, Finman was quite disappointed with the education system and the schools overall in his education years so he decided to strike a deal with his parents that If he could turn the 1000 dollars saved up for his higher studies in a million by the time he is 18 then he can eventually consider dropping out of his further education and the parents agreed so, he invested the 1000 dollars in bitcoins and other cryptocurrencies like Ethereum etcetera. when it was trading for around 12 dollars each and by the time of 2018 he became the youngest bitcoin millionaire. One can consider this as a stroke of luck but, I consider this a long-term vision that unfolded perfectly for him.
Also Read : David Carlson Net Worth
Eric Finman Networth
The 20-year-old genius millionaire holds more than five million US dollars most of which came from his early bitcoin investments when it was trading around ten dollars. If you come to think of it this could be just a starting and if he puts his money into the right causes then it can turn him into one of the world’s richest when he reaches a certain respectable age. Vitalik Buterin should look out for him.
I doubt I can find anyone younger in this crypto space to write about, although this is Cryptocurrency and the speculations could be endless.
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