If you’ve ever wondered how the “young rich” do it, you’re in for a treat.
In this episode of the Knowledge for Men podcast, I sit down with Alex Morton, a young entrepreneur who generated more than $1 million in income by the age of 25.
You’ll discover the steps Alex took to overcome poverty, develop an abundance mindset, and build a wealthy life and…more importantly…how you can take the lessons from his life and apply them to your own to achieve the financial success and freedom you’ve been after for so long.
Who is Alex Morton?
Alex Morton is 24 years old and is the youngest Royal Ambassador in the Health and Nutrition Company, Vemma, which is one of the top positions in the compensation plan.
He lives in Las Vegas, NV and his team has over 15,000 members in 25+ countries. Alex has over 50,000 social media followers and his monthly earnings are exceeding $100,000.
Alex Morton’s Favorite Success Quote
“Make it happen.” – Alex Morton
Key Points from My Interview with Alex Morton
1. Take Your Craft Seriously
One of the biggest mistakes that first-time entrepreneurs make when moonlighting or creating their first “side hustle” is to treat their new business like a hobby. Sure, they put in some work, but they don’t take their craft as seriously as they would a C-level position at a Fortune 500 business.
And this is a big mistake.
To create real wealth and abundance, you must take your work seriously. You must treat your business like a business and treat yourself like the CEO. Set and meet deadlines. Give 110% every single day. Constantly and ruthlessly evaluate your progress, your output, and the quality of work you are producing.
Success requires seriousness.
So whatever your craft is, take it seriously. Create a conscious plan for improving yourself. Seek out the advice of experts, coaches, and mentors who have achieved the goals you’ve set for yourself. Educate yourself and act as if your life depended on massive success.
That is the only way to achieve your big vision.
2. Success Requires a Commitment to Delayed Gratification
A few decades ago, researchers set out to discover the “secret” to lifelong success. And they did so in a rather weird way. By sitting a bunch of kids down in a room and putting a marshmallow in front of them. They told the children that they could either 1) Eat the marshmallow right now or 2) Wait ten minutes and get to eat two marshmallows instead.
As weird as this study might sound, the implications were profound.
They discovered that the children who were unable to delay gratification (e.g. they ate the marshmallow) were more likely to be addicted to drugs, in poverty, or imprisoned regardless of their socioeconomic background. More interestingly, they found that the children who delayed gratification achieved greater success in every area of their lives. From better health to happier marriages, to greater financial abundance.
Delayed gratification was the key to all of them.
Unfortunately, delaying gratification is not easy.
Our brains are not wired to put off what is pleasurable now for an intangible reward later.
But if you want to achieve success, you need to beat your brain and discipline yourself to delay gratification.
It might be easy to go out with your friends instead of working on your business, but it will ultimately lead to failure.
It might be easy to spend money that you don’t have because you want something now, but it will lead to bankruptcy.
It might be easy to procrastinate and goof off when you should be working, but it will lead to regret.
Be willing to delay gratification and get the work done now so that you can reap rewards that you can only dream of later.
3. Just Make it Happen
On your journey to success, whether in business, in health, or in your relationships, you are going to have times where you want to quit.
There will be times where it all seem too damn hard and you just don’t want to put in the effort and keep going.
And it is in time like this that you need to man up and just make it happen.
If you quit, if you give in, then you are proving everyone else right and proving yourself wrong. If you quit, then all of the haters, all of the naysayers, and all of the critics are proven right because you were too weak to keep going.
Do not let this be your legacy.
When the going gets rough, just make it happen.
Put your nose to the grindstone and do whatever it takes to overcome the obstacles in front of you and achieve the success you’re after. You might have to work late nights, you might have to move back in with your family, you might have to take out a loan so you can fly across the country and attend a life-changing seminar. Whatever it is, do it.
It won’t be easy, but it will be worth it.
4. You Need to Find Your Why
When most people set out to start a business or become financially successful, the fuel that drives their ambition is simple. “I want to make more money.”
But this is never enough.
The desire to earn more and achieve financial success might be enough to get you to 6-figures. But it won’t help you build a lasting empire and legacy wealth. It is insufficient to help you create a remarkable life.
To achieve success at the highest levels, you must have a strong burning ‘why’ that fuels every goal you’ve set.
If you don’t have a strong reason to do something–especially something hard–you will quit the second adversity arises.
So find your “why”. Figure out what it is that drives you.
Do you want to create an exceptional life for your family and the people you love? Do you want to solve big problems in the world and help eliminate the type of suffering you endured as a young man? Do you want to create a legacy and max out this one life you know you have while you still can?
Until you find your ‘why’, you will quit at everything you attempt.
But once you have an indomitable reason to succeed, you will find a way to do it come hell or high water.
5. Lead by Example
If you are an entrepreneur or business executive you must lead by example.
Your subordinates and employees do not follow what you say, they follow what you do.
If you expect your employees to show up to meetings on time but you are always 20 minutes late, then they will eventually start disregarding your requests and will lose respect for you.
If you expect your employees to work weekends, but you only show up 4 days a week, they will quickly follow suit and lose their hustle.
You must lead by example.
Expect more from yourself than you expect from any of your followers and you will quickly build lasting respect and loyalty.
Alex Morton’s Influential Books
Think and Grow Rich by Napoleon Hill
The Secret by Randa Byrne
The 10x Rule by Grant Cardone
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