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Uni dropout turns loan into lavish £30k a month lifestyle


A UNIVERSITY dropout used his student loan to earn tens of thousands of pounds a month playing the stock market.

Elijah Oyefeso went to the University of Buckingham to study business management but dropped out after successfully investing his student loan in stocks.

Oyefeso, 21, from Camberwell, now trades on the stock market for just one hour a day to earn his income.

He now lives the high life in London, staying in a £5,000-a-month flat in Kensington. He also recently bought a £125,000 Mercedes GTS.

As well as expensive cars he has an extensive collection of watches including one from Cartier worth £21,000.

He told the Daily Mail: "On a good month, I earn between £70,000 and £80,000."

Oyefeso said: "If you work hard you don't need to look at the price tag, you just get it."

Oyefeso claims he bought his first Mercedes aged 18 but soon faced jealousy from his peers in the south London neighbourhood after his success and now has no friends from the area where he grew up.

He said: "They've come from the same area and they're still in the same area and went to school in the same area."

The 21-year-old appeared in Channel 4’s new programme Rich Kids Go Shopping that follows how rich youngsters make and spend their money.

In the programme he claimed his income on a "bad month" is between £20,000 and £30,000.

HIGH FLYING: The 21-year-old poses with one of his cars

However he said he once lost £10,000 in a single day.

Oyefeso is now hoping to build his brand, DCT Training Group, and is now helping others invest in stocks but his advice costs £107 a month.

"You want to leave a name when you're gone. Think about JP Morgan, the assets are worth 2.6 trillion. So that's a lot.”

Now that he is comfortably wealthy, Oyefeso has decided to do something for someone else - he's building a house in Africa for his mother.

He said: 'It's a surprise I haven't told her yet.

'It's going to be five bedroom,' he said, and estimates so far it will cost £76,000.

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