Sydel Sierra, 35, from Perth became a millionaire by 30 despite ‘scraping away at a minimum wage job’ at 27
A young mum-to-be has revealed how she turned $900 into millions after becoming frustrated with her minimum-wage job and budget lifestyle.
Sydel Sierra, 35, from Perth, chooses between her limited-edition Aston Martin, a Porsche and a Maserati every time she needs to leave the house.
She paid $4.5million cash for her Gold Coast ‘family home’ and is happy to drop $30,000 on a nice weekend away.
She is also completely debt-free.
But Sydel didn’t come from money – and just seven years ago she was ‘scraping by’ on minimum wage while she ran her parents’ martial arts academy.
She was earning $750 a week ‘swapping time for money’ and budgeted for even the most basic ‘luxuries’.
‘I pay $3000 a night for a hotel room now when I travel – the old me wouldn’t believe it – I would have had to stretch for a whole three week trip,’ she told FEMAIL.
The self-made multi-millionaire has kept her down-to-earth personality despite making more money than she ever thought possible.
In 2016 everything changed when she decided to take a huge risk and invest her entire savings in crypto currency.
‘I kept hearing about it, so I read up on it and decided to have a go,’ she said.
The young woman’s life now revolves around luxury – pictured here with a $3million Aston Martin
Sydel has travelled the world ‘a few times’ in luxury since ‘making more money’ than she ever dreamed possible
‘I saved up $2,000 and I was so scared to invest it,’ she admitted.
But one of her investments took off. She had put $900 in and within three months it had turned into $110,000.
‘It was unbelievable I had never seen six figures before,’ she said.
‘I was terrified to manage my own money. I didn’t want to make one wrong click and have it all disappear,’ she said.
Despite her fears the young woman went from strength-to-strength and admits the gains were sometimes overwhelming.
‘I would take $100,000 out to pay for part of my holiday – refresh the page and the investment had gone up by $200,000,’ she said.
Before making it with crypto currency the young woman worked in the family business – taking home $750 a week
She now spends more ‘on one night in a hotel’ than she would have earned in a month
The young woman went on to ‘scrape the cream off the top’ off her investments to fund a new ‘high-roller’ lifestyle – and says it is important to be able to ‘hit the cash out’ button.
‘It’s important not to get too emotionally attached to the numbers on the screen – you need to turn them into real money by cashing out,’ she said.
‘Because then crypto-winter comes and the funds pull back by 90 per cent.’
These ‘winters’ can feel long and are ‘less fun’ but Sydel has managed to get through them without sacrificing the finer things – or getting a ‘job’.
Speaking to FEMAIL Sydel revealed she is happy to drop $30,000 on a weekend away – and is able to splurge like never before
‘There’s less shopping sprees and splurging. But once you have been doing it for long enough you get ready for winter – and take enough out to fund your lifestyle before it drops off,’ she said.
‘Timing is important – people buy at the top and then get cynical. You have to be patient because when the next gold season comes it is better to have some skin in the game than none,’ she said.
The young woman has a $4.5million crypto portfolio – but has also used her success in the space to buy investment property including homes, and farmland to diversify her portfolio.
Sydel was so excited when she started making money that she taught her parents how to do it too.
Sydel helped her parents ‘get into’ crypto investing and was proud of them when they walked into the bank and ‘paid all their debt with one checque’
‘They walked into the bank and paid off all their debt with a single cheque,’ she said.
She said her parents were like many ‘middle-class’ business owners with a few different debts and mortgages.
She said she could have done it for them but teaching them how to do it felt incredible.
‘They are now retired and are doing a lot of travelling,’ she said.
The mum-to-be mostly travels or ‘lives a holiday lifestyle’ on the Gold Coast. She says ‘working’ is more of a hobby.
‘I have written books, run a crypto training program and love public speaking,’ she said. ‘I just do things that I enjoy when I feel like doing them.’
Sydel now chooses between a Porsche, Aston Martin and Maserati when she leaves home each day – though she is expecting a baby so the Maserati will soon be her primary vehicle as it’s the only one suitable for a baby seat
But she no longer has to ‘trade hours for money’.
In fact she often only puts a few hours a month of active effort into her portfolio.
Sydel could have retired after her first year of crypto investing, however decided to do a ‘slow fade out’ at the academy as it was a family business.
She has helped other people learn to trade and claims the end of 2024 and start of 2025 will be lucrative for people in the industry.
‘This comes about every three or four years – I got in before it happened in 2016 and benefited again in 2021,’ she said.
She said in 2021 she helped one woman invest who saw great success.
‘She put in $4000 and is now worth over $9million,’ she said.
Sydel is gearing up for the next gold season and suggests newbies invest some money in a ‘safe’ option like Ethereum – which won’t have the huge financial rewards but will grow over time.
She says to then to pick a more risky ‘coin’ because sometimes they can bring incredible dividends – like her $900-$110,000 turnaround.
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