The 24-year-old dropped out of college but is now making millions a year with no regrets, including earning $250,000 without having to lift a finger.
A college dropout earns $258,000 in passive income every year after developing a real estate portfolio worth nearly $7 million.
Stallon Zayya, 24, from Sydney, is earning big money from his positive properties in Wollongong in southern New South Wales.
He also owns a six-figure cryptocurrency and non-fungible token (NFT) wallet, as well as a lucrative e-commerce business that has earned him $10 million in sales.
Mr. Zayya’s entrepreneurial streak began in high school when a YouTube channel he created about gaming took off in 2014, earning him $4,000 a month.
He then went to college doing a double major in finance and financial planning.
While in school, he dabbled in the drop-shipping industry – where he purchased products directly from the manufacturer to fill a customer’s order, then resold them for a slightly higher price.
Its online business started slowly, but when Covid-19 hit Australian shores in 2020, things started to pick up speed considerably.
He made $500,000 in 50 days selling a pet brush.
“‘Screw that’, I thought, and decided to drop out of college,” Mr Zayya recalled, speaking to news.com.au.
Fast forward three years and Mr Zayya bought his mother a luxury car and earlier this month bought his fourth property, with all his real estate assets worth $6.8 million.
The Sydneysider is the first to admit he failed to make any money.
While in college, Mr. Zayya was determined to find his niche, but it took him a while to find out what he was good at.
He worked briefly at a sneaker resale business but admitted that “it didn’t work for me”.
The then-teenager eventually stumbled upon dropshipping and researched extensively, learning that most of the success came from advertising and jumping into a trend early on.
Mr Zayya squandered money on seven different products before stumbling upon the winner – a pet brush.
“You can only sell it for a period of about two to four months and then the market becomes saturated,” he explained.
Other successful products he has sold include two-in-one shorts for men, shoes and hairbrushes for women.
“I sell pretty much anything that works,” he said.
For each product, he earns around $300,000 on average, before he has to move on as competitors start selling the same items.
Last year, the company generated $9.8 million in sales.
At the same time, Mr. Zayya invested in NFT and cryptocurrency. He poured around $250,000 into Ethereum – although it would be worth much less now after the cryptocurrency crash.
He also bought an NFT valued at over $165,000 and sold land in Facebook’s virtual reality Metaverse for $150,000.
“It came at a time when I had over a million dollars in cash right there,” he said. “For me personally, I hate dead money, I’d rather go through with it and invest it.”
With his fortune growing, Mr. Zayya decided to buy his first property.
“My goal is to have 10 properties by age 30,” Mr Zayya said.
He’s on the right track, with four under his belt already at 24.
In April last year he bought his first property, a house in Wollongong for $1.3million.
He had to pay a 20% deposit, but due to his huge fortune, it only took seven days for a bank to approve his home loan.
Then, just two months later, in June, when the Australian property craze was in full swing, Mr Zayya bought two more properties.
One was priced similar to his first purchase, at $1.31 million, and he also bought a block of units in an off-market deal for $1.55 million.
“I immediately found tenants, nothing remains unlet, at most five days,” he said, explaining that they were all well oriented.
With property values in Australia rising by an average of 25% last year, Mr Zayya has also seen windfalls after having his homes revalued by the bank.
His first home valued at $1.32 million rose to $1.72 million and the $1.31 million property is now worth $1.73 million.
Its best investment was the block of units of $1.55 million which soared to $2.1 million.
Using equity from these, he was able to purchase his fourth property earlier this month, a two-unit block for $1.275 million.
“It’s basically free property because of equity,” he added.
“That brings the total annual rental income of approximately all of my properties to $258,000.”
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