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Alex Becker Channel — His 5 Keys To Get Rich Young - Alex Becker Channel. Machine-transcribed; use the interactive transcript above to jump the player to any line.
This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome? That's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50-page restoration block, or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online makes sense? There's no place like Chrome. Check responses set up require compatibility and availability varies 18 plus. College football is back. So, Hilton called to me the superstition concierge to make your fan rituals a reality. Need a room to match your lucky number? We got you. Want to make sure our team doesn't wash your lucky jersey? Oh, that smells lucky. Hilton's unmatched hospitality can keep up with any superstition. Even a marching bandwicker call at 555 and 55 seconds. Hit it! When you need a team that will do whatever it takes on game day, it matters where you stay. Hilton, for this day. This episode is brought to you by Nordstrom. For 125 years, Nordstrom has been part of your story.
The stylist who found the perfect outfit for your big interview. The first pair of walking shoes for your one-year-old. The tomato soup you shared with your sister at the cafe. These are the moments that make Nordstrom. Nordstrom. Bigger a small. We're here for all of it. Celebrating 125 years with new moments still add. Discover it all in Nordstrom stores and at Nordstrom.com. Boys and girls! Boys and girls! Becker here and do I got a question for you? Are you a starry eyed, dreamy head and a clown's whipper snapper? Does your list of role models include Dan Blaserian, Charlie Sheen, and this douchebag? If you had a million dollars, would you invest 9,999 of it into a Lamborghini? And is your main driving emotion to get back to that girl that wouldn't go to prom with you? Well then, my friend, you might be an A-grade fucking douchebag, but you also want to make money. And hopefully for you, I used to be an A-grade fucking douchebag. And I've been making millions of dollars a year since I was 23. And let me tell you how! All right, so we're going for the most unlikable intro possible.
I want to give many unsubs per intro as per usual. And I think that was the top 10. But guys, let's get to the matter of hand. Today I want to talk about in this video how to become a millionaire at a young age. Or at least how to be wealthy at that young age. You don't need to make a million dollars a year to be rich at a young age. In fact, you only need like 50K a year to be the coolest kid on a college campus. But let's include in this case study, this series of words I'm going to lay on you, that we want to have a goal of making a million dollars a year. And luckily, for you, I've been making a million dollars per year since I was about 23.24. Here is how much I've made in that year, 2013. Took home a couple hundred thousand dollars over a million dollars. And I've been doing no less than that since then. But also being said, I am 30 years old now. My businesses regularly do over a million dollars a month in sales. And so there you go. And if you need proof of that and you're super skeptical, I totally get it. Just go browse around my channel. I've showed my tax returns and bank accounts and logging my strive account. Everything multiple times. Not going to do that here. So take the screenshots and leave them. Let's talk about the bigger thing in hand.
How do you do the same? Now it's not at. Now it's actually not that hard to do if you understand these five things I'm going to lay on you in this video. And no, understand these five things isn't going to make you an instant fucking millionaire. You need to be able to work at it and you need to be competent and smart. But if you're competent smart and you can understand English, you're going to be in a pretty good track if you watch this video. So here are the five things you need to get rich at a young age. Number one, I see this question every single live stream. And if I'm 15 years old, if I'm 16 years old, if I'm 20 years old, if I'm 25 years old, am I holding up to make money? Look, the first thing you need to understand is the thing that holds so many young people back is that your age doesn't fucking matter. Look, if you had the cure to cancer and you were 12 years old, someone would pay you for the cure to cancer. If you can make a business money and you're 12 years old, no one fucking cares. You might now want to pick up the phone as a 12 year old. I'm like, ah, you can make your money. But look, let's say the minimum age here is like 16 to 25. That's like the age range we're shooting at. You can understand that people pay to have their problems solved. And if you can solve people's problems, then you can actually make the money or you can help them solve the problem. They're going to pay you for it.
They don't care how old you are. And here's one thing you need to understand if you're young as well. Look, if you're young, if you're like 16, 18, everything you do is like 10 times more magical than if a 30 year old man does it. Like, I can make a million dollars a year right now. I can make like 10 million dollars a year right now. No one fucking cares because I'm 30. I'm supposed to. If you're like 16 and you make like 50 bucks in a year, people literally shit your pants. You'll be featured in Forbes. So use your age to your advantage or forget about your age. It doesn't matter. Chalker. Understand how people get rich. Look, people don't get rich because they hit their 28th birthday. It's not how it fucking works. And the reason why you have trouble making money at a young age is it's not because you're at a young age because you don't know how to fucking make money and you don't know how people get rich. And a lot of people share the same conceptions, misconceptions about how people get rich. They think you have to have some great idea. Are you need investors? Are you need to work for 15 years? Are you know the stuff? None of those things are bad. I'm not saying, hey, you don't believe in those things. Don't take investors and don't work hard for a long time and don't have a brilliant idea. But I'm saying you can get very rich, at least a million dollars a year rich, which is pretty fucking rich. You're in like the top 0, 0, 1% of the world.
But you get very rich with an unoriginal idea and a business that doesn't take any investment to start. I've done it. I've seen hundreds of people doing it. I'm not even trying to convince you to use my business model that I used, which was SEO and email marketing. But I've seen tons of people do it in every single fucking niche out there, real estate, stock market, consulting, doing paid traffic management. It just goes on and on. And more so, you don't need to understand how people get rich and the second part, you need to understand that the ways that people think people get rich are fucking stupid. If you watch an episode of Shark Tank, you probably think it takes some massive risk and some brilliant, wacky idea to get rich. That's not true. That's not true. You can pick up the phone and convince someone to give you $5,000 a month if you can provide a service for them that they'll pay for. You just need a fucking cell phone. You have a cell phone? Good. You're in a perfect position. Let's talk about how to actually make the money. All right. So this point is a real doozy. So I ripped out the whiteboard of truth and justice. Let me make sure it's actually displaying right. Fantastic. I got it set up. We're going to get this done in one go. So look, you know, understand, like here's a business and you need to understand where business is make money at. Okay. Businesses make money when something is sold.
Okay. And so your business can literally be as simple as like here's you. Fuck no, I don't want to drop files. Here's you. Here's the customer and here's the product. Okay. And if you want to make the most money easily and this is you with your sunglasses, okay. This is you like going to the club with the 50 bucks in your bank account and like you're like, yo girl, I got I'll get you bottle service. I'm a top of the line. Top of the line. That was me. That was me when I was 20. This is you, you little douchebag and where you want to be at when you're starting a business is a lot of guys will go, they'll try and start their business. They'll try and join a company. They'll try to learn skills, which I'm going to talk about here in a second to put some way below the point of sale. Look, your company can literally just be you and your product, which is a service, which could be anything. It could be a membership site. You're selling. It could be an info course. It could be providing a service for a company. It could be you teaching someone something new. It could be a drop shipping proc. It could be fucking anything. But most important thing is you need to get right up and snug where the point of sale is
that. And that's the point where the customer gives you money for your shit. You don't need to be down here. You don't need to be working down here in the company. You don't need to be over here accounting. You need to be right here. Okay, and it's completely possible that with multi-million dollar your business, just you. This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome, that's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50-page restoration block. Or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses set up require compatibility and availability very 16 plus. Call us footballers back. So Hilton called to me the superstition concierge to make your fan rituals a reality. Need a room to match your lucky number? We got you. Want to make sure our team doesn't wash your lucky jersey? Oh, that smells lucky. Hilton's unmatched hospitality can keep up with any superstition. Even a marching bandwink up call it 555 and 55 seconds.
Hit it! When you need a team that will do whatever it takes on game day, it matters where you stay. Hilton, for this day. This episode is brought to you by Nordstrom. For 125 years, Nordstrom has been part of your story. The stylist who found the perfect outfit for your big interview. The first pair of walking shoes for your one-year-old. The tomato soup you shared with your sister at the cafe. These are the moments that make Nordstrom. Nordstrom. Bigger a small. We're here for all of it. Celebrating 125 years with new moments still add. Discover it all in Nordstrom stores and at Nordstrom.com. Queue sitting there. And so what do you do? You get to the point of sale by learning how to sell to people. You learn how to go and find customers and get them to give you money for shit. That is literally what comes down to. What most young people do is they don't do this. They dabble around this and they do everything they can not to learn to where to not to know how to be at the point of sale. What is the point of sale? It's like if you can pick up the phone and your product is a service.
You pick up the phone, you call a company that can use that service and you sell it to them. The company gives you $5,000. The result? You just made $5,000. You go and provide the service. You are at the point of sale. If you are anywhere else, it becomes harder and harder to make money because you're not in control of the traffic coming in or the volume coming in. The people that can give you money for shit and you're not in control of how much they spend or buy and you're getting a percentage of whatever it is. It's very, very easy to build a business when you were the person at the point of sale. That being said, let's talk about the next step. All your business really is. When you're first starting out and now look, I run a business where here's me at the top, and then there's my COO and then there's our lead developer and then there's our head of support and there's head of email marketing and then they don't even get me started at Spector and then there's employees below them and there's like employees below them and there's like employees below them. There's a whole lot of shit going on. You need to understand if you're starting a business when you're starting off, as a company I'm trying to build, it's going to be worth $100, $200 million.
You're trying to build, it's just a company that makes you million dollar. What you're trying to do is make a company that makes you million dollars a year so you can go buy Lamborghini and look cooler and get a spray tan and it's show off the chicks. That's what you're trying to do. You don't need to do any of this shit. What most young people do is they don't learn the sellable skills. They don't learn the skills that make the bills, the things go to Qing. I sound like a real smart guy in this video. You must be very impressed. Look, what a lot of people will do is they'll go to school for business so they can work at one of these levels right here. They learn skills like coding or they learn skills like management or they learn stuff. It's all at one of these levels right here. The skills you want to have are the CEO skills. What is the CEO skill? My one and only job is to make sure people come through the fucking door and they give us money so that all the people down here can get money and do their jobs. That is my job. If there isn't anybody down here to do their jobs, I get to keep all the money. The way my company works is of course I keep the profit after everybody makes all their
money. I eat last. But if there's no one really eating after you, you just get to eat like a fat pig. Is this the best business to scale to the freaking moon? No, but you're fully capable of making a million dollars. You're doing this. It's not that challenging. What your business can come down to is you and your product. If your product involves tons of people to build and stuff like that, you're going to need a staff, you're going to need all that stuff. If there's tons of products, you can sell that don't take anybody. Your product could be a drop shipping product. You get import products in from China and then it's basically sell them at a profit margin. You can do consulting where you basically help people with their social media or their pay traffic manager. You can do email marketing to info marketing where you basically run an email list where you collect a bunch of people who are interested in a certain subject. Let's say guitar lessons and you create a guitar lesson site. All these skill sets right here, the customer is directly paying you for the shit that's in your head. You see how that works? When you have that, it's so much easier to make money because the money just goes directly to you and then you give the people to the shit. It's as simple as business ever.
What you must focus on is learning a sellable skill. Examples of sellable skills, then all you need to learn how to do is sell that skill. That's it. You sell it and then you sell it. That's fucking it. That's all there is to it. If you can do that, becoming a millionaire isn't that hard. For example, I would run an SEO service for businesses in my first years. I also create SEO software. I do SEO info marketing. I did everything because I really want that Lambo money. I was a very short-sighted lost youth. Anyways, what I would do is I would contact businesses and I would do their SEO for them. I would rank their websites, hiring Google, so they got more customers. In turn, they'd pay me money because I made them money. It was as simple as that. I'd also go and also create info products to teach people how to do certain things. For example, I would rank websites in Google and businesses would pay me for the customers that I would send them. I'd basically send a guitar training website where I'd play a little bit of guitar and say, you should go get this website and I'd send customers to their guitar websites and the guitar websites would pay me for their customers. Point of sale. I was at the point of sale and I was selling my skill which was getting them customers.
You could also go and do something like email marketing and info marketing where you build your own email list and then you teach people the lessons and the skills that they got on your email list to join. All of these things are your skill set and you learn how to get people to your skill set, get people to you and then get them to pay you for the shit they want to learn or do or the problem that they want to solve. That's it. Last and final lesson. You have to start now. The number one thing that is on your side when you were young is you were able to make mistakes and you have lots of time. Okay, I'm 30 right now. I've been doing this for a while but I wouldn't be as successful as I am now if I started when I was 28, 29. I would still be learning all the lessons. I learned when I was 22 starting off doing this. Okay. It took me like a year and a half, two years to really good at this and that's when I made a million dollars a year. Now that's a lot longer than it takes some people. Not everyone. My results are above average and income I make but the amount of time it usually takes people to make their first dollars. I'm pretty low average results in that area. Having said you have to start now. That's why envy people are 16 years old watching this video because look, from 16 to 20, you
can make all your fuck ups. You're going to learn all your lessons that are going to make you a multi-millionaire later on in your life. But the most important thing is you have to get those training wheel years behind you. You can't waste four or five years in college, get out when you're 23, 24 and then start a job and then build your business. It doesn't fucking work like that. The reason why I can run any other 30-year-old who's been working a nine to five job for the last 10 years into the ground if they want to go head to head with me and entrepreneurship is I've been doing this for eight years. That's why. So I started early. You must start now. You can't start two years from now. You can't start three years from now. Your life is finite and you need to get those lessons out of your way as fast as possible. You need to make your mistakes as fast as possible. You need to get your first few businesses out of your way as fast as possible. If you want to be really fucking rich, you're going to have to have years of experience. Your first business is not going to be your most successful one. Your second one is not going to be your most successful one. Your third one probably isn't going to be. It's going to be that fourth or fifth one. It's going to take years to get that fourth and fifth one. You can completely make millions of dollars a year very quickly at a high profit margin
in your first or second business. But you must start now. You cannot start tomorrow. You can't start five years from now because your greatest advantage is that you have tons of time to learn this so that when you get to the right page of 30 where shit actually starts mattering in your life, you are already set, you're locked and loaded. It's like you're jumping off the gunship and your freighter doom suit with your mini-gun and you're ready to kick some ass and set up jumping off the helicopter on the first day of training and be like, what do we do now? You don't want to be that guy. Be a fucking hard ass by the time you hit 30. Start now. Start now. That's it. This episode is brought to you by Born in Roma Fregrances by Valentino Beauty, the iconic fragrance duo. Donna Born in Roma O'Dipar Fum is a feminine fragrance featuring juicy black current, central
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