After entrepreneur Alfred Nickson grew up on welfare and lived in one of Miami’s poorest neighborhoods, he was determined to get financially free so that he could send his mother into retirement. He began his entrepreneurial journey at the age of 19 and became a millionaire at the age of 25. Nickson now spends most of his time coaching and empowering others in financial literacy.
“Humble beginnings led me to do something different, ”Nickson shared during an interview Black company. “That made me want to be successful. I had to break the chains of poverty. I always knew I wanted to be successful but just didn’t know what it was going to be. “
Entrepreneur switches from welfare to millionaire
Nickson always had a vision of living a life larger than the welfare lifestyle he saw every day.
The young visionary grew up in an apartment with two bedrooms with 14 people and 1 bathroom. For most of his childhood, he remembers waking up around 4 a.m. to make sure everyone can shower and get to work on time. Seeing his mother struggle and watching his family tackle multiple jobs was enough motivation for him to embark on an entrepreneurial journey.
Shortly after graduating from high school, Nickson was introduced to the domestic business profession by his mentors. It was at this point that he received his basic entrepreneurship training and learned valuable leadership lessons that he continues to use today. But Nickson says the early years of his entrepreneurial journey were far from easy.
“I made $ 1,500 [total] in my first three years, ”says Nickson. “Imagine if you worked hard for three years and made only $ 1,500. But I tell people that those three years really had my roots. I learned more there than what we’re doing now. It was the construction phases that drove me to where I am. “
After this three-year apprenticeship, he immersed himself in the financial industry. Alfred noted a lack of financial literacy in his community, particularly regarding life insurance, wills, trusts, and taxes. He became passionate about educating his community through his home business. Within his first four months of starting his business, he had a high five-figure income. Within four years he made his first million dollars.
Despite making over $ 10 million from his businesses, his greatest accomplishment is retiring his mother and helping thousands of other people meet their first six- and seven-digit sales goals.
Tips for becoming a millionaire success
Nickson found his success as one of the youngest executives ever to be inducted into the Network Marketing Hall of Fame. He believes it is important for others to consider home business options to fuel their journey of success. More importantly, Nickson shares that you need to have a why that’s strong enough to motivate you to move on and grow as you learn.
“I couldn’t turn around and go home and tell them [Mom and Dad] It was too hard, ”says Nickson. “I’ve dated successful people who were willing to show me the way, but I hadn’t paid the price yet. For the first three years I ground and studied. My mother was my reason why [I kept going]. I tell people all the time that the how doesn’t matter if your why is strong enough. “