The Reality of Building Wealth in Your 20s and 30s with Alex Morton

0:00I talk about how I went from a broke college kid to a multimillionaire. it really boils down to just the age old success principles, but I kind of tailor it to like the millennial generation. Because a lot of young people, man, they don't want to listen to somebody with white hair. It is what it is. But to listen to a young guy with a Rolls Royce and some big houses and some jewelry, you kind of blind them with like, hey, this is what I have and this is what I've done. And then you give them real information that they can apply and actually change their life if they want to. This is Right About Now with Ryan Alford, a Radcast Network production.

0:34We are the number one business show on the planet with over 1 million downloads a month. Taking the BS out of business for over six years and over 400 episodes. You ready to start snapping necks and cashing checks? Well, it starts right about now. Hey guys, what's up? We're talking growth today. We're talking success engineering. We're talking to Alex Morton. What's up, brother? What's up, man? Happy to be here. Hey, brother. It's good to have you. You came. I'll just say this. You'd hit my radar a little bit, but the people that I really trust, that I really like, you need to talk to Alex Morton.

1:10I said, all right, I want to talk to Alex Morton. I appreciate that. I know you're a bestselling author. I know you got a lot cooking. Momentum creator, growth catalyst. I'm like, this guy must be in marketing. I liked it as soon as I started reading about you. Let's start wherever you want to start. You know, kind of give them your background, your history, kind of your success journey. I was born in Houston, middle-class America. I saw mom and dad working super hard at a young age. They were in home building, then they had a massive bankruptcy in the mid nineties. And then they got into the insurance business.

1:39So we went from like Houston, Texas to six months in West Virginia, eventually landed in Bexley, Ohio, small town. And really at 14, 15, 16, my dad gives me think and grow rich, rich dad, poor dad, think big and kick ass by Donald Trump. I'm like looking at business and entrepreneurship and be my own boss. And in school, I did okay. I made the honor roll a few times, football, basketball, tennis, whatever, but I was never interested in what they were talking to me in the classrooms. I was always into business and marketing and sales and doing something big. At 18, I left, quote, Ohio. I went to Arizona State for college.

2:15I mean, over there, I fell into real estate, actually. At 18, I saw a million dollar listing. I went and got my real estate license at literally just 18 years old. I was wheeling and dealing. I was stealing agents listings, marketing them as my own campus, making some money. And then I fell into a specific industry and I've been there now for almost 12 years. And I was just super fortunate to hit something at a great time because there was an industry out there that never really had young people marketing. And I saw it and I said, man, if these older folks can make 30, 40, 50, 100K a month, I think young people can really blow this sucker out of the water internationally.

2:50and that's where I made my first million at 24. And it was kind of like this rock bottom to rock star to rock bottom again. And now thankfully I'm back doing some amazing things. So it's been a hell of 12 years. I've spoken in 75 countries around the world. I've made a lot of money. I've spent a lot of money. I've made a lot of mistakes. I've made a lot of good decisions. And now I'm sitting here talking. It's been fun. I watched some of your speaking stuff. You're really dynamic. There's an authenticity to you, man, that really struck me. It wasn't overly produced, but it was still polished. It was authentic.

3:21That's probably had something to do with your success, if I had to guess. You can always tell someone that maybe made a hundred grand one time in a month or even a year, and everything's got to be super formulated and organized, all this kind of stuff. And one of my good friends and mentors, Grant Cardone, which a lot of people know, I love the guy so much, not just because he's a good dude, but he's so raw and real. And he's like, I'm going to tell you the way it is because I've done it. And I feel at my age, Are there people that have made more money than me? Absolutely. But being able to earn dozens of millions of dollars in your low 30s, you learn a lot of stuff.

3:54And I feel like I know how to just give people the truth. So why mess around with all the marshmallows and rainbows? Just tell people how it is. And if some people like you, love you or hate you, that's not even my business. My business is to give people the formula to go out there and win. And that's that. What defines success for Alex Morton? Did you know your credit card points and miles can lose value to inflation? Credit card companies often reduce the redemption value of your points and miles. Now, imagine a credit card with rewards that can grow in value. With the Gemini credit card, you can earn Bitcoin or one of over 50 other cryptos instantly with no annual fee.

4:35Every swipe at the store or gas pump earns you instant rewards deposited straight to your account. Visit Gemini.com backslash card today. Check out the link in the description for more information on rates and fees. Again, if you're looking to invest in Bitcoin but don't know where to start, the Gemini credit card makes it easy. Issued by WebBank, some exclusions to instant rewards apply. This is not investment advice and trading crypto involves risk. Check Gemini's website for more details on rates and fees. It's changed, man. At 21, when I'm making no money a month and I see the possibility of making$40 ,000 a month, I wanted to party, have fun, spend money, cars, watches, clothes, all this kind of stuff.

5:17And now at 32, in my personal growth journey, obviously has extrapolated out. Money to me is just one of the spokes on the wheel. My biggest goal now is to be the best newly married, the best husband I could possibly be, be the best leader I could possibly be. I feel like money is a massive part of success, but it's really living on purpose, being fulfilled at the end of the day. And a lot of people say, I just want to go change people's lives and I want to help people. And to me, it's like I want to make a ton of money, but I want to do it by helping a lot of people and making a difference. So that's where I kind of sit now on this idea of success.

5:50And I also believe it's a moving target. You have an entrepreneur get to 100 grand a year. Immediately, they want 200 grand a year. It's this progressive realization of what you really want. When we talk about this industry being in it 12 years, what exactly are we talking about? Network marketing. I'm one of the highest paid, probably the most money ever earned under 35. And that's not ego. I'm a very humble guy. It's just that's what it is. But there's pros to our industry. There's cons. Some people love us. Some people despise the industry. But I've used this as the platform to build my name, my brand, and to impact people in 75 countries around the world.

6:28So for me, it's been a great environment for growth. Network marketing comes with a stigma. Absolutely. And I feel like you're breaking it daily. How do you define network marketing? It's the idea of instead of spending money on billboards, magazine ads, TV commercials, movie previews, YouTube ads, it's the idea of word of mouth. And obviously it works. It makes sense. Like you look at these companies like Amway, Arbonne, Mary Kay, right? They're doing$5 billion,$7 billion a year. And it works. I think network marketing, this is my opinion, doesn't mean it's fact. I think it's the best opportunity for someone that doesn't have a surplus of cash to go start a business.

7:06They can get started for two, three, four, five hundred dollars. It's not guaranteed, but they can get to six, seven and even eight figures a year through hard work, learning, persistence. But there is a stigma because there's a lot of people in our profession that do it super bad, super wrong. They market it terrible. They say it's a get rich overnight thing. Dude, it's not a get rich click. It takes time just like anything else. But yeah, network marketing has given me my shit. It's given me a lot, man. So you obviously are pushing certain products, certain services. What have been the cash cows of the 12 years?

7:36Where I really hit my first home run was a healthy energy drink. Imagine I'm in college. I'm an Arizona state. Number one party school in the country, right? Oh, yeah. And everybody's slamming Red Bull, Rockstar, Monster. And I'm like, dude, instead of drinking that, drink this. You're going to get paid for it. It went viral. I was like at Ohio State. I was at Michigan State. I was at ASU. I was at University of Texas in Austin. Tens of thousands of young people just going bonkers with this thing. And then I kind of grew up and I realized it's not even about really the product so much, the physical product so much.

8:07It's about freedom. I fell into a company where I've been now for six years. And it's obviously been the grand slam of my career where it's real financial education. It's cryptocurrency. It's Forex. It's e-com. And it's just education. We don't invest money. We don't make money on brokers, but we give people some of the education that if they grew up in the middle class America or in Ecuador or Peru or in poverty, their parents never taught them about how to make money, how to multiply money, how to save money on taxes. That's what I've been a part of. And that's been the biggest catalyst financially for sure in my career.

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9:44crypto and nfts anything and everything that's kind of falling out of digital currency there's an education that you do and promote and there's a network aspect i guess a layering of compensation for that education we've got great traders and educators that teach people how to trade and multiply money and all that and then there's people like me that are sales marketing leadership momentum because I've been a part of close to probably 2 billion now in team sales. So I go in there and help just explode the marketplaces and build the business. What's your key to success in sales? Asking me that at 32, it has a lot to do with just telling the truth.

10:22In 2022, I feel like there's so much overhyped nonsense. And when you just tell a prospect, whether it's car sales, insurance, network marketing, ad agency, when you just tell people the deal, this is what it is, This is what it costs. I feel like you're going to close more deals instead of running around the bush all the time and overhyping, underdelivering, telling the truth, being transparent. It has a lot to do with confidence and how the salesperson sees themselves. Literally, their self-image of who they are. That's a big factor when it comes to closing small deals or multimillion dollar deals.

10:54I know you guys are doing tours. I know you've been on the road a ton. What's that process? Is that getting people to these events and promoting the education? Talk to me about that as kind of part of your ecosystem. I was just in, let's see, Los Angeles, Phoenix, Arizona, Dallas, Texas, Chicago, D.C., Maryland, New York, and then Milwaukee, Wisconsin, and then Miami, Florida. And in these environments, sometimes we'll have people get up and they'll talk about how they grew their account from zero to one or two or three million in crypto or Forex trading. But for me, being one of the more featured speakers, I go in there and I talk about how I went from a broke college kid to a multimillionaire.

11:32It really boils down to just the age old success principles you can hear from Thinking Girl Rich and Earl Nightingale, my mentor, Bob Proctor. But I kind of tailor it to like the millennial generation because a lot of young people, man, they don't want to listen to somebody with white hair. It is what it is. But to listen to a young guy with a Rolls Royce and some big houses and some jewelry, you kind of blind them with like, hey, this is what I have. And so what I've done. And then you give them real information that they can apply and actually change their life if they want to. Talk to me about some pinnacles, some things that like, oh, shit, I had no idea that was going to happen.

12:06And it happened. And you may not have even appreciated it in the moment. Talk to me about some things you look back on and have that kind of reflection. There was a moment in 2014 where I was walking into or 2013. I was walking into another presentation because in our business back then it was living room after living room after living room. And then it was hotels after hotels. And then it turned into arenas. We went to Lagos, Nigeria and 5000 people show up. But I was walking into a room and I'm 23 years old and the CEO of my first company calls me. He said, you know what I just did? I said, what?

12:37He said, I just looked at your commissions. I paid you a million dollars faster than I've ever paid anybody in my career. You're the youngest and fastest ever to do it. And in the moment I was walking into a presentation, it didn't even like register in my mind. And I talk about that now because I was so busy being effective and productive. I wasn't even thinking about the numbers, but there's been a lot of moments, man. I remember walking on stage for the first time in front of 7 ,500 people in Las Vegas. And right before I went on, all of a sudden, I was just overwhelmed with emotion, dude. I just couldn't stop crying.

13:09I don't know what the hell was going on. But I was just so proud of myself getting kicked out of the dorm rooms, getting handcuffed in Tempe, Arizona, 18 to now, holy shit, look where I am. But there's been a lot of moments. There's also been some major downfalls. I went from almost 2 million bucks to down to less than 90K in my savings account, 30 pounds overweight, pretty much depressed and anxiety, crying myself to sleep, freaking out. There's been a lot of moments of pinnacles of success. And there's been a lot of moments of, dude, this isn't rock bottom. I don't know what the hell it is. But I feel like all of those moments make me and make us who we are.

13:42At the end of that, it builds our character and it builds our passion for what we're doing. 100 % right. The journey is everything. But anyone that tells you the journey is one straight line is both full of it and never really had a true journey. I do want to talk to you a bit about more specifics around crypto and those things. There's still this air of unknown and mystery kind of with blockchain and crypto. Let's give them a little taste for just some of the general principles you're kind of talking about. They're kind of part of your crypto Bible. I'm a part of one of the largest financial educational companies on the planet right now.

14:15In 2016, I did not know what Forex was and I knew Bitcoin, but I didn't know what the hell Bitcoin was at all. And honestly, I was not an early adapter. I was like, dude, this is digital. It's weird. I don't even know what is it, what's going on. But when you're ignorant about something, it doesn't mean you're stupid. It means you just don't understand it. I kind of dove into it and I had these different conversations. I was shaking hands with people that were really doing this. This truly is the future. The idea of a decentralized currency, not just Bitcoin, but these currencies go peer to peer without all this government interaction and taxes and all this crazy stuff.

14:51And then you fast forward to 2022 and you got people like Gary V staking his whole existence on NFTs and cryptocurrency. This is what I tell people, whatever income you're earning from your job or your business, take a small percentage of that monthly and put it in to some of these projects that sound good to you. I am not a rocket scientist. I got kicked out of Arizona States business school, man. You don't have to be a mathematician, right? But I've been able to earn lots of money because I'm taking advice from people that know what the hell they're talking about. I would say go find some good people that understand crypto, NFTs, and all these things and just look at some of these numbers, how big these companies are, their projects, the founders, and put some money.

15:30And this is not financial advice, but Bitcoin, Ethereum, everything linked to the meta world and the metaverse. These are coins that they can 2X, they can 3X. Dude, some of them can 15X. We put money, my wife and I put 50K in Shiba coin. My buddy came over with his barber from New York. He's like, you got to get a cut from my barber. And he's like, yo, put some money in Shiba. And I didn't even mean to do it, but I did 10 and 20. I'm like, you know what? Let's just put 50K in there. Do that 50K turned into a lot. Tread lightly. I still think it's a little bit of gambling in there. And I'll say that because I always tell the truth.

16:01But if you can do your due diligence and find some good projects you're about, I think it's a no brainer to put a little bit of money into some of these projects and look where this will be five, 10 years down the road. That's good advice. There's a layer of gambling to it. Starting small is key. What's the Alex Morton formula for success? What are those things that have made you successful? Getting super clear on what you want, you know, the vision you have for you in your life. And then number two, very fast there, you've got to find your vehicle. I'm not hating on religion. I believe in God.

16:31I'm very spiritual. But a lot of people go to temples, mosques and churches on Sundays and Fridays. They get pumped up with all this positive information and they have nowhere to apply it. You've got to have a vehicle and an opportunity. Maybe it's network marketing. Maybe it's interning at a big company like yours. Maybe it's going to work for some fashion designer in Beverly Hills to learn what's going on. So I think knowing what you want, finding the vehicle and opportunity, knowing who your quote mentors or mentor is going to be that's going to guide you. Where can everybody learn more about Alex Morton, follow along with your journey?

17:04Where's all the places they can find you? Right now, it's Alex Morton Mindset on Instagram, Alex Morton Mindset on YouTube. I really appreciate the rawness, the realness, and the references were on point. So I appreciate you, brother. I appreciate you too, man. It's been fun. Hey, man, you know where to find Alex Morton mindset. He just told you, you know where we're at. Search for Alex Morton. You'll find all the highlight clips from today. You know where I'm at. I'm verified on all the platforms at Ryan Alford. We'll see you next time. This has been Right About Now with Ryan Alford, a Radcast Network production.

17:34Visit RyanIsRight.com for full audio and video versions of the show or to inquire about sponsorship opportunities. Thanks for listening.