Latest / Making Cents / The Kiwi Teenager With Four Businesses Bringing In Six Figures
Transcript
- 0:00There's nothing quite like starting young, but most of us don't build a business before we can vote, never mind several of them.
- 0:07Hamish Sutherland is 17 and already onto his fourth venture.
- 0:12He felt the spark to get ahead pretty early on, but turns out it's kind of hard to get a job when you're eight.
- 0:18But rather than let a tricky little thing like employment law hold him back, he just decided to start his own business instead.
- 0:26By 13, that was a lawn mowing and water blasting business.
- 0:29At 15, he wrote a Kindle book that made $60,000.
- 0:34And then he decided he would try investing into a property project.
- 0:38Now he's interested in building new businesses and just got back from an entrepreneurship intensive in Malaysia.
- 0:45Again, can I repeat, he's 17.
- 0:48Yes, I also feel old and tired right now, but also very much inspired.
- 0:53Learning young, I think, actually gives you the opportunity to not create these preconceptions of business.
- 0:59What it's like, look, the world of work is changing fast and there can be a freeze response when we see so much change and don't necessarily know where we fit into it.
- 1:11But Hamish is looking for the opportunity in the change.
- 1:15Stuff is moving so fast.
- 1:17It's not what works, it's what can can I do, what skills do I have, what am I good at?
- 1:22And for me, it's people.
- 1:23And look, he's impressive, but it's frankly also not easy when you're trying to go a different path.
- 1:29When you're going for it from such a young age, sometimes people refuse to take you seriously, which can have real consequences for what you're trying to create.
- 1:39Got a salesman, he came up, he said, nice to meet you to my mum, and he completely ignored me, even if I wasn't even buying the property.
- 1:46I would have thought you at least say hello, but actually I was his customer, so.
- 1:50Welcome to Making Sense.
- 1:51It's the podcast for people who want financial freedom without giving up their coffee.
- 1:56I'm Francis Cook, a financial journalist and fellow financial freedom seeker who makes money simple for you.
- 2:02Today, it's building big, not taking no for an answer.
- 2:06This episode of Making Sense is supported by Odoo, the affordable way to get your business working Smarter.
- 2:13Go to odoo.com, that's o d double o dot com, for more.
- 2:17I want to help as many people as possible build a better life for themselves by understanding and taking control of their money.
- 2:24You can be part of how that happens.
- 2:26First, make sure you're subscribed wherever you like to listen, whether it's YouTube, Apple Podcasts, or Spotify.
- 2:32And then send your favorite episode to a mate.
- 2:35Then we can all level up with money together.
- 2:37The show grows, and I can keep bringing you the money info, so that actually moves the dial.
- 2:42Hey, Mish.
- 2:43Welcome.
- 2:44I've got to say, one of the things, I say this all the time.
- 2:48Everyone I talk to about money stuff always says, I wish I started earlier.
- 2:52That is the most common thing I hear.
- 2:55You might be the only person who I doubt falls into that.
- 2:59Because you have been thinking about this, the stuff actively since you were eight, right?
- 3:04Tell me about it.
- 3:05Yes, it was eight years old.
- 3:07The little, little me at eight.
- 3:09But starting at eight is an interesting task because you're so young that I don't know, but people just think it's a little weird, especially family, when you say, hey, mom, I want to start a business.
- 3:19And then she goes, are you crazy?
- 3:22But, you know, it is interesting to be that young and try these things that are traditionally for people a lot older than what I was.
- 3:33Well, yeah, because I don't think I even started thinking about this stuff properly until I was in my late 20s.
- 3:37So certainly you were well ahead of me.
- 3:39What do you think sparked it so young for you?
- 3:42Like, was this something that was talked about at home or you got ideas from friends, like, what happened there?
- 3:47Money was talked about a lot in my house, but I think the main thing for me was just that the opportunities were there and I could see them as a little kid.
- 3:59I wanted to do more because I was trying to get employed at 8.
- 4:04So I sort of.
- 4:05People didn't.
- 4:06Obviously people didn't hire me.
- 4:07Eight years old, that would be just weird and probably not legal, to be honest.
- 4:11But yeah, I was just looking for these opportunities and I tried to find them.
- 4:16But I think that you don't need money to be talked about at home.
- 4:19You just need to go, I want this.
- 4:23How do I get it?
- 4:24And then work towards it, even if it's in small parts.
- 4:27Interesting.
- 4:28Okay, so you wanted a job at 8.
- 4:31People said, no, don't really think we can employ you.
- 4:35What was your response to that then?
- 4:37Well, I never actually got anything back.
- 4:39I handed out my CV in person, I called people.
- 4:42I did everything you're supposed to, but I don't think I ever even heard back from anyone, which was disappointing because I was like, you know.
- 4:51But I think I didn't understand it, 8 years old, why they couldn't hire me.
- 4:54Because I don't know, when you're young, it feels like you're like, oh, I'm, I'm old, but I'm not.
- 4:59You know, you're eight years old, so it's like, yeah, it doesn't make any sense.
- 5:03Okay.
- 5:03You pivoted from that and you started towards your current obsession, which is building businesses.
- 5:09I kind of love that at 8 years old.
- 5:11Well, no one will hire me.
- 5:12I guess I'm just a business owner.
- 5:14Exactly.
- 5:15Big, big task for an 8 year old, that's for sure.
- 5:17So where did you start?
- 5:18Started doing Handy Hamish.
- 5:20So that was my first business.
- 5:22It was lawn mowing and landscaping, which I've done when I was 8.
- 5:25And I was like, I'm not getting hired.
- 5:27I want to make my own business.
- 5:28So I went to the neighbors, right?
- 5:30And I knock on the door and I will give a little bit.
- 5:33It is easier or something, you know, when you're quite young because kids like, oh, that's so cute.
- 5:37Like, you want to make some money.
- 5:39But then there's.
- 5:40There is a transition period when it becomes, oh, you're a preteen, go away.
- 5:44You know, like, it's like you're annoying me rather than you're cute.
- 5:47So the Handy Hamish was the main start of all the business ventures that I've done so far.
- 5:52But that was probably the most fun one I had.
- 5:54It was the most active and probably the hardest one as well, I would say.
- 5:58I look back at some of my first jobs, didn't start anywhere near as young as you, but cafe work, and I look back at some of that stuff and I'm like, that is the hardest I've ever worked for
- 6:08the least amount of money.
- 6:09It's kind of crazy how that ends up.
- 6:12But you built on that, right?
- 6:13So you had your, your handyman work.
- 6:15Incredible.
- 6:16But you certainly didn't stop there.
- 6:19Now I lose count when I try to divvy up what you've done.
- 6:23So I think by my count, you've had four actual businesses, but a million and one side hustles to get to where you are now at 17.
- 6:33But run me through, because I'm sure I've missed things like what businesses have you built inside hustles?
- 6:37What's your count?
- 6:38Oh, to be honest, I don't really.
- 6:40I don't have a.
- 6:41I was, I was thinking about this this morning.
- 6:43I like, oh, wow, I've done it.
- 6:44I've actually done quite a lot of things and I, I probably up to something like 20 or 30, like, things that I've tried.
- 6:50But I think the most important lesson for me was that you don't get it right on the first go.
- 6:56Like you never do.
- 6:56And even people won't see what you do behind the scenes, but they will see the success that you have later.
- 7:03And they're like, oh, how did that come so easy?
- 7:04It was like, it didn't.
- 7:06Didn't come easy.
- 7:07So 20 or 30 are the four businesses I've had.
- 7:10Mainly it was a Hani Hamish one, and then there was the publishing.
- 7:13But, yeah, there's probably 20 or 30 actual side hustles that most of them absolutely went and I lost heaps of money on.
- 7:19So, yeah, tell me more about that.
- 7:21Okay.
- 7:22What was your worst side hustle?
- 7:23I think my worst side hustle was probably when I tried affiliate marketing, and I was.
- 7:29Didn't go well, that's for sure.
- 7:30Run us through what affiliate marketing is.
- 7:32So affiliate marketing is where you go on a platform, which.
- 7:35There's lots of different platforms for affiliate marketing.
- 7:38You.
- 7:38You see someone else's product and they want you to do the promotion for them instead of doing it themselves.
- 7:44And then every time you get a sale, you get a commission so that you're.
- 7:47You're becoming an affiliate for them.
- 7:48So it's like a funnel.
- 7:50Yeah, exactly.
- 7:50Yeah.
- 7:51Like a funnel from you to them.
- 7:53And it sounds great in theory.
- 7:57I have seen it really not work out for you.
- 7:59I'm not surprised this didn't work out for you.
- 8:01Tell me what went wrong.
- 8:02I just did it in a really young way.
- 8:05Like, I just, you know, I just didn't understand it, but I did.
- 8:07I did really give it a go.
- 8:08And I never got a sale ever.
- 8:10Not even once.
- 8:11I see a lot of people talk about affiliate marketing as if it's like this really easy.
- 8:14You can just make money online in your sleep.
- 8:16And I'm just like, I think it's probably actually one of the harder ones.
- 8:19Yeah, marketing's definitely a tough.
- 8:22A tough business to be in any type of marketing at all.
- 8:24What about one of the memorable ones?
- 8:26What's a side hustle that you look back on?
- 8:28You're like, that was a wild idea.
- 8:30My most memorable side hustle as such was probably when I got scammed.
- 8:35It wasn't ideal and I'm not proud of it, but I think it's really important to show that you'll fall for a few scams.
- 8:42I definitely did.
- 8:44My scam was someone from my school had posted, actually.
- 8:47Well, they didn't post it.
- 8:48They got their account hacked.
- 8:50So embarrassing, looking back.
- 8:51But they posted.
- 8:52I have a person who, if you give them money, they'll Put it in crypto and they'll give you like two times back.
- 8:57I just so bad talking about it.
- 8:59Like a crypto investing scam.
- 9:00Yeah, they're so common and they can look super like people copy my profile and message my followers and try, like, pretend to be me, and they catch people.
- 9:09It can look super legit.
- 9:11He had his bank account like it.
- 9:12And it was even a kid's bank account.
- 9:14Like, the scam was quite detailed.
- 9:16And I went to my parents, I said, oh, I want to invest in this.
- 9:20And they said, are you sure?
- 9:22And I said, no, but I like, I want to give it a go.
- 9:26And then they said, okay, maybe just put in much money you're prepared to lose.
- 9:30I put in a hundred dollars.
- 9:30And at the time it was a lot of money.
- 9:32And so didn't work out, obviously, or did in the.
- 9:35I logged into their accounts, which was just a fake website, $12,000 I had, and I was like, okay.
- 9:42Then they were like, oh, pay us more money to be able to withdraw.
- 9:46And then I.
- 9:47I knew it was a scam at that point.
- 9:48And I was like, back then, at the end, my parents were like, oh, can you show me this Instagram account from this crypto advisor and this lady in bikini and a supercar?
- 9:58So, yeah, it was.
- 9:59I probably should have thought that one through a little more, but I didn't.
- 10:02That's really funny.
- 10:05But can I just say that, like, a lot of.
- 10:08As you're building, as you said, there's a lot of scams out there.
- 10:11There's a lot of failure out there.
- 10:12What's that classic saying about an overnight success is five years in the making?
- 10:17You know, so everyone has to go through these quite difficult learning experiences to go through that young, while you're still living with your parents, while you've still got that safety net.
- 10:28I mean, that to me feels like a huge safety net, a huge way to be able to learn.
- 10:34I mean, is that how you've approached it 100%?
- 10:36Like, starting a business is really hard.
- 10:38It's much easier when you're younger.
- 10:40Especially because I think when you're younger, you don't have as many preconceptions about what it's like.
- 10:46Because when you get older and older, you start to see and you start to have your own.
- 10:50Not even beliefs, just ideas of what something can be.
- 10:52But when you're younger, I think actually gives you the opportunity to not create these preconceptions of business, what it's like.
- 10:59Of the side hustles that you've done.
- 11:01Obviously you've got some.
- 11:02Some great good ones, some ones that didn't work out.
- 11:05But I remember we've talked before about you even at school.
- 11:09Had some side hustles.
- 11:10Was I right?
- 11:11Yeah, you know where I'm going, eh?
- 11:12Exactly.
- 11:13Uniform one, yes.
- 11:14Okay, so you identified a problem, you had a solution.
- 11:17Walk us through.
- 11:18First of all, I just wanted to say sorry to my teachers.
- 11:21It's probably not the best behavior, but it's all right.
- 11:24I was doing it for a good cause, for myself.
- 11:26So when you forget your PE gear at school, it's scary.
- 11:30I'm like, oh, jeepers, I'm going to get big trouble.
- 11:33Yeah, Big trouble.
- 11:33Yeah.
- 11:34So I remember I would bad marketing, but I'd use that fear and I'd be like, hey, I think you're getting in heaps of trouble.
- 11:41Would you like to rent my PE?
- 11:42I don't have PE next period.
- 11:43Or I rented out like five times in one day for like $20 per time because I was so scared.
- 11:48Probably not.
- 11:49Not good taking advantage of fear.
- 11:51But I made like a hundred dollars in one day just by.
- 11:53I couldn't do it every day, but.
- 11:55And then my mom put the clothes in the wash and said, you're not doing that again.
- 11:58That smells terrible.
- 12:00So it was not good.
- 12:01But I think it was a great learning experience that there is a market for anything.
- 12:06There's so many opportunities, even if it seems dumb.
- 12:10I'm just saying I actually think that's brilliant business.
- 12:13You identified a problem, you had a solution, you charged appropriately.
- 12:17That's just good business.
- 12:18Of course it is.
- 12:19Yeah.
- 12:19And you say, you know, marketing through fear.
- 12:21Well, that's kind of one of the most core marketing tactics there is.
- 12:26It is.
- 12:27It's true.
- 12:27What about in terms of what you have built, that you felt as was a success, even if you're not doing it anymore, and what you learned from that as you're looking for building your next thing?
- 12:37My publishing, that was my best business that I've had so far.
- 12:41But what I learned from it was that you have to be super careful about because I.
- 12:46The money I made was a lot of money, but I didn't actually get a lot of money because the.
- 12:53I was on Amazon.
- 12:54So they took fees and they took printing fees and they took selling fees, and by the end of it, I barely had any.
- 12:59So I think the.
- 13:00The biggest lesson I learned was always look.
- 13:03Not even the fine print, because that's just an overall lesson, but always look at what you're going to get in the end.
- 13:08Because it can look like a lot, but not actually be a lot.
- 13:11Yeah.
- 13:12And so that was when you self published a book?
- 13:14Yeah, I, it was 12.
- 13:15But one of them, one of them was the one that took off because I enjoy cooking, so it was a cookbook.
- 13:20And yeah, I did quite well.
- 13:22Yeah.
- 13:23That's amazing because there was a real Amazon self publishing gold rush for Wale and it's really died off.
- 13:29And I wonder if it is that same thing that people learn, the same thing that you have that kind of works out really well for Amazon.
- 13:35Yeah, well, definitely.
- 13:36I, I, it was during COVID when I first started it, I was 11 or 12 and for the first while it was like nothing.
- 13:43Like I knew it, no sales.
- 13:44And then all of a sudden I had one sale and then I had three, then I had five and then eventually it got onto top 100 kids cookbooks in Amazon and by that time then it just blew up.
- 13:55And in total now it stopped selling.
- 13:56Now like I'm not advertising at all.
- 13:58I moved on.
- 13:59But in total it did 80,000 when I was 12.
- 14:01So it was, it was quite a significant amount of money.
- 14:04So.
- 14:05Wow.
- 14:06How much of that did you get to keep?
- 14:08I don't remember.
- 14:09I think my profit margin was about 20%.
- 14:12Yeah.
- 14:13So not, not a lot.
- 14:14Yeah, yeah.
- 14:15You'd be looking at the top line number and be like, I've made it.
- 14:17And then even you're getting like a real good chunk afterwards.
- 14:20You're still like, oh, but where did.
- 14:22All my money go?
- 14:22Why did, why did you take it?
- 14:23I did all the work, but yeah, I guess using their platform.
- 14:26But I still think it might be a little much that they take, but guess it's their, their choice, their platform.
- 14:31Oh, I know, it's, it's really funny because I did a couple of books the traditional way and people will, you know, talk to me about my various income streams and they'll be like, oh, and your books.
- 14:42I'm like, that is not an income stream.
- 14:44That is a, that's a credibility stream rather than income stream.
- 14:48That's to show that you can, you're a credible person.
- 14:51Right.
- 14:52You do not make a lot of money from books unless you're David Williams.
- 14:55But we're not David Williams, so it's not going to work.
- 14:58Exactly.
- 15:01Yep.
- 15:01Oh my God.
- 15:02Read me to filth.
- 15:02I love that.
- 15:05It's true, right?
- 15:07Yeah.
- 15:07I always talk about it as a PR exercise, but I like your explanation even better.
- 15:13So what did you do with the money that you have built up through this Time, you know, you were trying these ideas, giving it a go, making some solid money at various points.
- 15:23You are of course a teenager at that point.
- 15:25If I'd made that much when I was a teenager, it would have all gone on lip gloss and the movies.
- 15:32What did you spend it on?
- 15:33Well, I have to say there was no, maybe not the Glip Boss, but there was movies involved in there.
- 15:38I have a really nice car, which I absolutely love.
- 15:40So there was some spending, but I invested a lot of it, most of it actually.
- 15:46So I invested in a real estate property, which is quite a funny story.
- 15:51And I also invested into the stock market.
- 15:53So I did lots of research and I picked some safe ones and I picked some not safe ones and I lost some money, but I also made some money.
- 16:00So it's all.
- 16:00Yeah, it's all a balance.
- 16:01So for me, I think the most important thing and my parents sort of saying to me, balance it up, don't just save it all and definitely don't just spend it all.
- 16:09Yeah.
- 16:09What's your thoughts on that particular.
- 16:12Particularly as I think you're spot on.
- 16:14You do want to.
- 16:15You're an amazing time of your life.
- 16:16We can be building something big for the future and like compounding is so on your side right now, but you also gotta live.
- 16:25So did you have like a percentage split or did you just kind of play it by ear?
- 16:29There was no science behind it, it was just play by ear.
- 16:32Often I would say, if I really want something, really want it, I'm gonna buy it.
- 16:37And because I had that money, I just bought it.
- 16:40Like I, my PlayStation, I love playing games.
- 16:42I had a PS4, I was like, I had PS5 and I just bought it.
- 16:46I was like, that's what I want, I'm buying it.
- 16:47But if I didn't really want it, I just didn't.
- 16:49I like, I made a really hard cutoff.
- 16:51Do I really want it?
- 16:52Yes.
- 16:52No.
- 16:53Am I going to buy it?
- 16:53Yes.
- 16:54No.
- 16:54So very much the values based spending thing.
- 16:57Yeah.
- 16:57Yeah, I love that.
- 16:59Okay.
- 16:59You mentioned investing in property and there's a funny story behind that.
- 17:03Is it to do with age?
- 17:04Because I imagine trying to buy an investment property young could be like the potential for A, legal roadblocks B, people not taking you seriously.
- 17:14Huge.
- 17:15100%.
- 17:15So it was an age thing.
- 17:16I think I just turned 17, so it's from my other side hustle as well, the money I'd saved up.
- 17:20And so I went down to Christchurch because that's where we'd done a lot of Research, me and my mom about different investments and all that, all that kind of property stuff.
- 17:29We went down, we went into the broker real estate office.
- 17:33We got a salesman, he came up, he said, nice to meet you to my mum and he completely ignored me.
- 17:38He didn't even look at me, not even once.
- 17:40He looked at me and my mum not once but twice, told him that I was buying it and he still didn't look at me.
- 17:48Definitely misjudged that completely.
- 17:50Even, Even if I wasn't even buying the property, I would have thought you'd at least say hello.
- 17:55But actually I was the one who.
- 17:56I was his customer.
- 17:57I was like, you're just ignoring me.
- 17:59So I think that was probably the most.
- 18:02Not even.
- 18:02Not discriminated because I feel like that's quite a harsh word.
- 18:04But maybe, yeah, maybe discriminated that I like as a young person that I was.
- 18:09Yeah, that must be frustrating because I mean you've built a lot of stuff, you've worked really hard and like, yeah, of course you're young but you're the one there with the money to even be pushed back from your
- 18:20mom, I guess, a little bit.
- 18:22Welcome to how it feels to be a woman going to a car yard.
- 18:25You're going to be really great partner in the future because you're going to understand all this stuff.
- 18:30But is that for like, did you end up going to work with someone.
- 18:33Else right from the get go?
- 18:34As soon as I left the real estate office, I said no.
- 18:38I was like, I want a different salesman.
- 18:39Good for you.
- 18:40Love that.
- 18:41So what did you end up doing on the property front?
- 18:43Because that's intriguing.
- 18:44Property can be tricky.
- 18:45Well, definitely young because there's all sorts of legal roadblocks, but I ended up investing as a fractional investing.
- 18:52So I invest in a rental property with my parents because that's what they're into.
- 18:55But there's all sorts of other ways you can do fractional investing with platforms and there's developers who actually do this, particularly online that they'll sell parts like, like a stock.
- 19:05You can do fractional investing, which means you don't buy whole stocks of a shares$300, you buy $10 of it.
- 19:11And that works because the platform will let you.
- 19:14You can do that all the time.
- 19:15But for me, I did it with my parents and so I bought a property in the Ramire area.
- 19:20So amazing.
- 19:22And I imagine looking for an investment properly, we looking for something sort of smaller like unit townhouse.
- 19:28Yeah.
- 19:28Something that would be easily rented because I don't Want to be up for a massive amount of money each month, particularly when I'm younger and I'd like to be enjoying, you know, school and sport and all that, you
- 19:38know, all the young person stuff.
- 19:39I didn't want to be up for a massive amount of money, so I bought in an area that was good rental.
- 19:44But actually, to be honest, it hasn't gone ideal for me with the property markets.
- 19:48I bought at the peak sometime.
- 19:51Yeah, something like that.
- 19:51I bought at the peak and it.
- 19:53Oh, it was an idea.
- 19:55And I'm like looking at the market, I'm like, oh, that's all my money.
- 19:57There you go.
- 19:59So you'll be holding it for quite some time, waiting for that to be.
- 20:01I think so, yeah.
- 20:02Yeah.
- 20:03Look, I already know a comment we're going to get, so I want to put it to you so that we can talk about it because people are going to like, it's fair and it's not fair in terms of.
- 20:12People are going to say, well, did you have much help from your parents?
- 20:15Whether that was financial, whether that was information and things like that, how much support did you get from the family and how much do you think that helped you along your journey?
- 20:27This is a question particularly with my friends, because my friends come from all areas of life.
- 20:33Yes, I did get help from my parents.
- 20:35I'm not going to deny that.
- 20:37But I also think that particularly even just listeners right now, if you're listening and you're young, you're already taking the first step because you're seeking that opportunity without someone helping you do it.
- 20:48Like you already doing it yourself.
- 20:49So if you have help, that's awesome.
- 20:52If you don't, that you can also do, you can do it on your own, but you really, you have to seek out the opportunity.
- 20:57And it's not easy because I see particularly on social media, people going, oh, I made.
- 21:03Here's how I made $10,000 in a month.
- 21:05Easy.
- 21:05Like, you know, they'll say, even say easy in it.
- 21:07And it's like, that doesn't work.
- 21:09Well, maybe that business works, but you have to try a lot of times before it's even going to get close.
- 21:13So that people are like, I've tried, so it doesn't work.
- 21:16It's like, no, you tried for like five days.
- 21:19Like, it's not going to just happen like that.
- 21:21What do you think was the biggest thing that moved the needle for you to actually build something real?
- 21:27Not getting.
- 21:27They're not being able to get a job because I wanted to make money and I Couldn't do it.
- 21:31And I like to figure out problems.
- 21:33And I think that could be the same for a lot of people, particularly because the job market for 16-24s has been the lowest amount of jobs that you can get.
- 21:42That is, I think, ever.
- 21:44Or is it maybe 20 ever been.
- 21:46I think the last time I checked, this could be out of date, but it was the worst in 30 years, at least.
- 21:51Yeah.
- 21:51So it.
- 21:52And it's super.
- 21:53Like the youth unemployment is really hard.
- 21:55You look for another way to do something that you want to do.
- 21:58If you want to make money, go and do it yourself.
- 22:00Don't complain that you can't get a job.
- 22:01Just, I will.
- 22:02I can't really say that I definitely complained, but I would say complain if you're doing something.
- 22:06Yeah, complain if you don't.
- 22:07Yeah, complain if you're doing something.
- 22:08Exactly.
- 22:09That's right.
- 22:10I often say, like, I.
- 22:12I don't want to hear complaints if you're not doing anything about it.
- 22:14If you are working hard and trying to change it.
- 22:17Cool.
- 22:17Complain away.
- 22:19Within limits, definitely.
- 22:20Yeah.
- 22:20I gotta say, like, I think your generation as well, particularly, I get the vibe, and then this might, this will be a huge generalization, but I get the vibe that your generation is particularly motivated to get that hustle
- 22:33going.
- 22:33Like, I see a lot of people who are far more switched on to the opportunities that are out there than certainly people from my generation were.
- 22:41And sometimes I wonder if it's the Internet that people just sort of see other ways of living and are like, oh, and get ideas.
- 22:48And sometimes I'm just like, I don't know, maybe it's the environment.
- 22:51What do you think pushed you to be looking for opportunities?
- 22:56Is it that feeling of there is so much opportunity out there, or is it that feeling of, oh, oh, heck, there's not much of a safety net.
- 23:03I have to make my own opportunities.
- 23:05Maybe a mix of both.
- 23:06Like, walk me through your mindset.
- 23:07Well, I think there's two different parts.
- 23:09I think the first one is, yes, there's definitely significant amount of opportunity for young people, particularly today with online, because you don't, I wouldn't say hide behind a screen, but you can.
- 23:20If you're young and you're in person, people will underestimate that's just going to happen.
- 23:24There's.
- 23:25There's no going around it.
- 23:26So if you're behind a screen, people might not do it.
- 23:29Especially if you have those skills.
- 23:30I think that there's lots of opportunity, but that actually sometimes creates not a very good image.
- 23:36Because people will be posting, I think social media is the biggest one.
- 23:39People will be like, as I said, making crazy claims how I made 10 grand in five days.
- 23:44You know, just young people look at it and go, oh, it's so easy.
- 23:47I'll just do that.
- 23:47And then they try it.
- 23:49But what they're trying won't work straight away.
- 23:52And the threat and opportunity, I would say, particularly with AI, that's the massive topic talked about at the moment.
- 23:59There's lots of opportunity for business owners and also jobs.
- 24:04But in a job you're not going to make extra money because you use AI, you're just going to get your job taken out because AI is a thing.
- 24:11So particularly when you're in business, you can use AI to your advantage.
- 24:16And as a young person, I think that there's a lot of hesitation even for me.
- 24:20I don't know if I want a job, I don't think I do, but I'm not sure yet.
- 24:24I'm scared that there might be many jobs specific because AI will take them all.
- 24:29So opportunity and threat, definitely.
- 24:31But I think I would be leaning more towards the side of threat for jobs and benefit for business, at least in the short term.
- 24:39That is such a good perspective and I haven't thought about it that way.
- 24:44That's actually really sort of reshaped some of how I'm thinking about it because I personally feel quite conflicted about AI too.
- 24:50But I'm also a bit like, well, it's here, the genie's not going back in the bottle.
- 24:54But I think potentially maybe that is.
- 24:56Yeah, because I run a business these days, it's easier for me to take that sort of sit on the fence thing of like, well, there are some things it's useful for and some things it's scary for.
- 25:04And maybe that's a position of.
- 25:06As a business owner.
- 25:07Of course I would see it that way.
- 25:08That's super duper interesting when you're looking at how things look like they might unroll in the future.
- 25:16None of us, of course, have a crystal ball, but you, as you are launching into adulthood, I'm sure you're doing your best to look into the crystal.
- 25:23Ball, figure it out.
- 25:24Right, so what do you see as like potential opportunities that you want to lean into?
- 25:30I think for me, from a business perspective, it's so hard to say because there's just stuff is moving so fast.
- 25:37I.
- 25:38I had one business that I was going to start and I research everything about it and I, I went on my trip to Malaysia and that took I was two months.
- 25:49So when I got back that business wasn't available anymore.
- 25:52Like it was just mental.
- 25:53So the business was AI receptionist.
- 25:55So creating.
- 25:56No, I don't, what I don't want to do is I don't want to take jobs.
- 25:59But for businesses that can't afford a receptionist or something in that area and AI would pick up the phone and AI could book the appointment and that was a really good idea at the time.
- 26:09I did the numbers and it looked great.
- 26:10But as soon as I thought it was a good idea, so did everyone else.
- 26:14So there was so many businesses that just, yeah, just took it and I was going out of a tradies nothing.
- 26:20And then within two months I'd search up and I could scroll through the number.
- 26:23It just popped off.
- 26:24I was.
- 26:25It's amazing.
- 26:25It was actually incredible.
- 26:27Not at the time, but looking back it was really.
- 26:30It's scary.
- 26:30I think it is scary.
- 26:31But there is opportunity, but there's also that threat.
- 26:34So you gotta, you gotta balance it out.
- 26:36That, that is wildly fast.
- 26:37So within two months that went from great to done.
- 26:40Exactly.
- 26:41And that's why it's so hard to predict what I'm going to do next.
- 26:45You got to find something that's not going to get completely wiped out.
- 26:48This episode of Making Sense is supported by Odoo.
- 26:51And honestly, if you're running a small business or a side hustle, this one's worth paying attention to.
- 26:57Odoo is an all in one business management platform.
- 27:01We're talking 70 apps covering everything from accounting, invoicing and sales to inventory, hr, project management and even your website.
- 27:11All of it in one place.
- 27:13Here's what makes it different from the usual software juggle.
- 27:17Those apps are fully integrated with each other, so your sales are automatically talking to your accounting, your inventory updates in real time.
- 27:25Your data isn't scattered across five different topics tools.
- 27:28It works together so you don't have to stress about making it fit.
- 27:33The first app is free and if you want access to everything, it starts from just $34.40 Aussie dollars per month.
- 27:40One subscription.
- 27:41No death by a thousand cuts.
- 27:44It's all in one.
- 27:45It's fully integrated and it's genuinely affordable.
- 27:48Go to odoo.com that's o d o-o.com to try it.
- 27:52Free for 15 days.
- 27:54If this episode is your kind of thing, you'll want to check out the Market Memo too.
- 27:58It's my weekly newsletter where I break down how to actually invest.
- 28:02All plain English chat about how the share market really works and how you can get it working for you.
- 28:09It's everything I wish I'd had when I was starting out.
- 28:12Head to Francisco Co NZ Invest.
- 28:16I'll also pop that link into the show notes for you.
- 28:19Right back to it.
- 28:20You mentioned the Malaysia trip because at just 17, you did just go off on an intensive entrepreneurship course in Malaysia.
- 28:28Tell me about that, how you found it, what you wanted to get out of it and what it was like heading over there at this young age.
- 28:35Going over there was scary stuff that I.
- 28:38I like being scared.
- 28:39I'm pushing my comfort zone.
- 28:41Getting on the plane, definitely a scary feeling.
- 28:43I remember sitting there going, what am I doing?
- 28:46Am I crazy?
- 28:47I think I am.
- 28:48The course was nice, the people were nice.
- 28:51I did struggle with some of the language apps because it's in Malaysia, but the course is in English.
- 28:56I would say the workshop itself.
- 28:59Either I knew what they were talking about or I had absolutely no idea because the stuff I knew.
- 29:04I remember the topic that I was quite versed in was marketing and social media and the topic I had no idea about was business math and, and business math.
- 29:14I could not do business math.
- 29:15It was just, it was so bad.
- 29:16I can't do math.
- 29:17I'm not great at math at all.
- 29:18As soon as I saw letters, I was like, oh, I'm gonna struggle.
- 29:21So I did a struggle.
- 29:22I don't even think I passed it.
- 29:23I'm not sure yet.
- 29:24And I got the grades, so yeah.
- 29:26Oh, it's so my poor mum.
- 29:28My mum's a math teacher by trade and she tried to teacher me through the final years of high school.
- 29:33Don't recommend it.
- 29:34Don't recommend it for a good teenager parent relationship at all.
- 29:38It was blood.
- 29:39Poor mom.
- 29:39She did her best, but I, I just still will see the spreadsheets and the Excel, you know, like you can do all sorts of amazing things with it.
- 29:51My partner, thank God, will do things in Excel and he'll show me it and I'm like, looks great.
- 29:56Don't know what you're up to.
- 29:58And it's funny, isn't it?
- 29:59You can be very business minded and very interested in this stuff and still find that nitty gritty.
- 30:03I kind of think there's like, there's a creative aspect to business which doesn't always necessarily mesh well with things like maths.
- 30:12It's not great.
- 30:13Differently.
- 30:13Tell me a bit about.
- 30:14Because you said that you like scaring yourself.
- 30:17Same time, kind of.
- 30:18It sounds a bit like you like pushing your boundaries, right?
- 30:21And is that sort of what you're using this for you, like, going into these opportunities, seeing where you can push a little harder and how far you can get with it, is that sort of the mindset?
- 30:30Yeah, push.
- 30:31Pushing the boundaries, I would say, is the most important thing for me, because every time I do it, it shows that I can go further.
- 30:38So it's scary.
- 30:40I know it is, but I'm gonna do it anyway.
- 30:43That's the mindset you gotta have.
- 30:44Because if you don't do that, you're not gonna get new things from doing the same stuff.
- 30:49It's just not gonna happen.
- 30:49It doesn't just fall 100%.
- 30:52So what do you think was the biggest thing you got from this, the workshops in Malaysia that you're going to now use going forward?
- 31:01Oh, I would probably say the international exposure that I had, I mean, in terms of people.
- 31:06So learning about other people's cultures before you work with them, particularly if you're in a new country, you should learn how people interact with each other there.
- 31:16Because I think a great example is when you go for a handshake in Malaysia, at least from what my friends in Malay had told me and how people reacted when I did it.
- 31:27You don't squeeze.
- 31:28You just do that.
- 31:30And if you squeeze, it's a sign of aggression.
- 31:32So I.
- 31:32Apparently I was being aggressive to everyone.
- 31:34It's just, you know, here it's nice, firm handshake.
- 31:38People like that.
- 31:38It people shows respect there.
- 31:40It's not.
- 31:41So you got to really be careful.
- 31:43You could throw.
- 31:43I think I throwed off the wrong image.
- 31:45To lots of people, I would.
- 31:46Nice, firm handshake.
- 31:47And I thought they just had really not.
- 31:48Well, some of the people didn't have strong hands.
- 31:50I was like, what are you doing?
- 31:51So.
- 31:52But no, apparently I was showing aggression.
- 31:54But I.
- 31:54You gotta learn the culture.
- 31:55That's fascinating.
- 31:57And those little things can be everything for a relationship.
- 32:00Right.
- 32:00That actually touches on something that this episode hasn't gone out, but it will have by the time this one goes out.
- 32:06I was just going through an episode that we recorded the other day where they were talking about New Zealand.
- 32:12We're so good at having ideas.
- 32:15We're not good at taking it to the world, which has really, really stuck with me because I think that's true, that we are this little island, and I think the tyranny of distance has kind of snuck its way
- 32:27into our brains.
- 32:29And yet everything is so digital now that that distance doesn't always apply in the same way anymore.
- 32:35So that's really interesting.
- 32:36And you Taking on that global mindset, you're like, I need to understand how to interact with people first before selling anything to them.
- 32:44Definitely people, People are important.
- 32:47People skills are important.
- 32:48In my opinion, the thing young people struggle with the most as technology becomes more and more prevalent, which it is, everyone has technology, even if it's a small way, a big way, everyone does.
- 33:00I know so many people have tried business and I'm like, what do you want to do?
- 33:06And they know exactly what they want to do, but they don't want to talk to people about it.
- 33:09Like, if you want to build a website for someone, you're not just going to be able to build it and just money come to you, you have to talk to them.
- 33:15And I said to someone, you should call the company and say, do you want a website?
- 33:19I'm doing this, this is who I am.
- 33:21And.
- 33:21And they were like, I don't want to call.
- 33:23I said, well, it's not just going to happen, you have to call.
- 33:26It's the people skills, I think are the thing that young people struggle with the most because they have to do it less and less every day with the technology.
- 33:34That's a really good point actually, because it's, it's you, you build up these muscles by just making yourself do it repeatedly.
- 33:41Right.
- 33:42So if you don't have to do it as much, that's going to be turn into your weakness.
- 33:46For me, I've been just doing people skills or people stuff for so long.
- 33:49I just love people, I love talking to people and that's.
- 33:52It's not even a skill, that's just my passion.
- 33:55But some people aren't like that.
- 33:57Particularly introverted people who are on social media, I find it quite disappointing, but also I completely understand why that is the situation.
- 34:06Yeah, yeah, I, I think it's going to be something that we're all going to have to start actively working on, to be honest, as screens become more and more embedded in our lives.
- 34:14Coming back to what you mentioned earlier about your AI business idea and how fast that moved.
- 34:21So there was an opportunity and then there wasn't.
- 34:23So where does that leave you now?
- 34:24Are you working on anything currently?
- 34:26Are you now casting about looking for new ideas?
- 34:29Currently I am working on something.
- 34:30So I thought to myself, what can I make that will actually not get wiped out within two months?
- 34:36Because that I would say probably not the best experience.
- 34:38So it's really hard to find something that's not definitively wiped out.
- 34:43Even car washing can be wiped out.
- 34:44There'd be robots doing it Any even labor can be wiped out.
- 34:47So it's like, I guess it's finding the thing that will last the longest.
- 34:51And for me, I think I'm just still figuring it out.
- 34:53Are you still thinking AI would be part of that?
- 34:57For me, maybe not.
- 34:59Maybe in some way, yes, definitely.
- 35:01Google has AI, so probably that kind of thing.
- 35:03Yes, but maybe not directly with AI because I'm not a super coder.
- 35:07I know some smart people and I'm not anywhere close to what their level is.
- 35:11So I have a friend that I had do some work for me, particularly on the coding side.
- 35:15He's been recruited by us, a company in the US and he's making way more than what anyone is back here.
- 35:21Like, he's just, I just like.
- 35:23No.
- 35:23Disappointed.
- 35:24Yeah.
- 35:24Similar age.
- 35:24Yeah, he's.
- 35:25He's gone.
- 35:26Oh, he's going next year.
- 35:27And I'm like, oh, I really, I could use him.
- 35:29He's so useful.
- 35:30He's also such a nice guy.
- 35:31And I'm like, oh, it's so disappointing.
- 35:33But I'm, I'm not at the same coding level.
- 35:36I've got to play to my skills.
- 35:37And I think as time goes on, it's not.
- 35:39What works is what can I do, what skills do I have, what am I good at?
- 35:43And for me, it's people.
- 35:45I'm good at talking to people.
- 35:46I'm good at selling to people.
- 35:47But maybe for you it's coding or maybe for you it's marketing.
- 35:52Anything.
- 35:52I so agree with what you just said.
- 35:54I think the future is going to be figuring out what are you uniquely good at and then how do you apply it in the current situation?
- 36:03And I do think the more human skills are going to be the ones that are harder to replace, harder to get by.
- 36:11So you're looking at those.
- 36:12Are you sort of looking at any areas where they might apply for you?
- 36:16Sales.
- 36:17I think sales, because for me, having an AI go, hello, welcome to this business, can I sell this to you?
- 36:24No, you just hang up straight away.
- 36:25It's like it's a scam.
- 36:26But if it's a person, well, you probably hang up straight away as well.
- 36:30But, you know, maybe.
- 36:31Maybe last a little longer.
- 36:33I definitely.
- 36:33You even just search up like conversion rates between people selling and AI, it's massively different.
- 36:39It's.
- 36:39I think that's going to be the hardest thing to replace.
- 36:41And even if the voice is super spot on and it's exactly like a person, it doesn't have that human animal.
- 36:47It's not going to connect.
- 36:47You it might not understand the product.
- 36:49The questions, what, what if they ask, what do you do to predict sustain sustainability?
- 36:55The AI is going to be, I do not compute.
- 36:57Like, it's not going to work.
- 36:59It won't work at all.
- 37:00That human creativity element as well.
- 37:02I also think like AI is again, not saying this is right or wrong.
- 37:07This is just what exists.
- 37:08AI tends to scrape the Internet or everything that's there and then give you the middle of the road answer.
- 37:13They give you an amalgamation of everything that exists and then gives you the most cookie cutter version of what you're asking for based on everything else that's out there.
- 37:21So if you want to push the boundaries, try something new, get something a bit bespoke.
- 37:28AI is almost certainly not.
- 37:31You're going to need a person for that.
- 37:32That's not replaceable.
- 37:33Right.
- 37:34And that's kind of a good thing to know.
- 37:35And lean into this one time where I created, I tried to create a trading algorithm with AI.
- 37:42It said, wow, this is amazing.
- 37:43You've created more than hedge funds.
- 37:46And I'm like, whoa, that's so cool.
- 37:47And I was like, 13.
- 37:49And then I tried and I was like, I lost all my money.
- 37:51And it went, oh, you're right, that wasn't a good idea.
- 37:54I was like, well, you just lost all this money.
- 37:55You're too late now, isn't it?
- 37:57It's really frustrating.
- 37:58Yeah, that's hilarious.
- 38:02Speaking of with all of the, the social media and the digital world, because you also have built up, especially through the handyman side of things, built up a really strong social media following.
- 38:15Do you think social media is an important tool now?
- 38:19If someone's wanting to get into the.
- 38:20Business world, become an entrepreneur 1000%.
- 38:24Like, I think social media is an absolute blessing and a curse to society.
- 38:29And that's quite a cliche thing to say, but I think it is.
- 38:32Social media is an amazing tool.
- 38:34It's pretty much free advertising.
- 38:36Like, if you post a video, it is not hard to get a hundred views.
- 38:39Do you know how many people.
- 38:40100.
- 38:41You got to look at a hundred people in a room and be like, wow, that's such a small.
- 38:44It's not a small amount of.
- 38:45It's a heaps of people.
- 38:46So you're advertising, you post a video and you get a viral video of 500,000 views.
- 38:51That's.
- 38:52That's like 10 times the size of Eden park of people.
- 38:56And you're advertising.
- 38:57It's not costing you anything at all.
- 38:59So you're showing people whether it's your personal brand or whether it's your business that you're advertising for or whether it's anything else.
- 39:06You're getting all this free exposure and all you're doing is posting videos and you know it's not costing you a cent.
- 39:12Yeah.
- 39:13How do you look at using that for whatever your future projects might be?
- 39:17Do you have a process in mind of how you would use social media for whatever those plans are?
- 39:24So I do.
- 39:25I think it's probably not going to be for advertising because the people that I'm going to be advertising to aren't the ones following my social media, which is disappointing, that's for sure.
- 39:33But I would really like.
- 39:35They're mostly younger people looking to get into the space and getting tips and tricks from me with my limited business experience even still, I don't know, 10.
- 39:45Years ish of trying things and experimenting.
- 39:48But no, it doesn't really feel like that.
- 39:49But I want to help them do something.
- 39:53So what I did, I set up, I said I want to hire.
- 39:57Well, not even hire, but just get people give them their first job.
- 40:01I guess this comes back to the thing, you know when you apply for a job and it goes, you have to have two, one to two years of sales experience.
- 40:06It's like, oh, I don't have that and you're an entry level job.
- 40:09How am I supposed to get the experience if I can't work?
- 40:11And it's like they're like, oh, it's not my problem.
- 40:13It's like, well it's my problem and I'd like to solve it.
- 40:15But anyway, given their first job so they can put something on the CV and they have sales experience, they get these jobs.
- 40:21So that's the first thing helping them do that.
- 40:23But also getting them started because I think the hardest thing is getting started.
- 40:26If you have an exact direction, it's like, can you sell this?
- 40:30Yes.
- 40:30Can you call this person?
- 40:31Yes, I can.
- 40:32That it directed.
- 40:33It's a job for them, might not be that great but it helps them start out.
- 40:37So that's what I've been doing and it also benefits me.
- 40:39So it's a win win for everyone.
- 40:41Nice.
- 40:41So that's basically sort of your mindset as you're going through businesses as well.
- 40:45Is it sort of like, okay, identify, I've got to find this goal and work backwards from there of the strategy of how I'm going to then make that happen?
- 40:53Yeah, I, well, I don't like marketing, I don't like the ads and I like selling.
- 40:57I like talking to people.
- 40:58So if other people who are talented in that can do it for me, gain experience and get stuff on their cv, that's just, that's just good business.
- 41:06Right?
- 41:06Yeah, gotcha.
- 41:08What's the other thing of like, you don't need to be good at everything in business.
- 41:11You just need to be like, good at identifying who is going to be good at that and then employ them.
- 41:15When you get sick, you go to the doctor.
- 41:17When you have a car, as you go the mechanic.
- 41:20When you need to do sales, you don't try and do it yourself.
- 41:22You get, what if you can?
- 41:24And I get.
- 41:25It's different for everyone.
- 41:26You get someone who's good at it.
- 41:27It's quite, it's quite easy, but it's also quite hard at the same time.
- 41:31100%.
- 41:32I think one of the things that I really enjoy as we're talking, because we've, we've talked a little bit before this podcast, and you always really have had this attitude, at least when we've been chatting, of you're not
- 41:43waiting for permission for things.
- 41:45You're just like, I would like to try a thing.
- 41:46Here we go.
- 41:48Which I think is the most freeing attitude that usually takes people decades to land on.
- 41:55Certainly I was in my 30s before I was like, oh, I can just try things.
- 41:59I don't have to wait for someone to tell me I can.
- 42:02So I think it's incredible that you've landed on that this young.
- 42:06But the whole sort of not waiting for permission and just trying things can, I think sometimes both help and hurt.
- 42:12It's mostly help and I think it's the best thing to embrace.
- 42:15But there's a downside to it too.
- 42:16So when have you found it helps?
- 42:18When have you found it hurts?
- 42:19Oh, it's definitely.
- 42:20This is just a complete work on for me.
- 42:23So I think that helps because you will go out, you'll try and find these opportunities.
- 42:27You will start to understand and learn from other people.
- 42:31For me personally, why it hurts me is because I started so young.
- 42:35This is the preconception.
- 42:37Even when I was younger, I created for myself eight years old, and I said, I know what I'm doing.
- 42:42I don't need anyone else to help.
- 42:43So I could be taking advice from Jeff Bezos and I'd be like, oh, no, I'm good.
- 42:48I know what I'm doing.
- 42:48It's just terrible mindset.
- 42:50And I know, I know that it's bad and I still do it.
- 42:52And it's, it's, it's a work on for me.
- 42:54Everyone has Work ons.
- 42:55It's my work on.
- 42:56I'm terrible at taking advice.
- 42:58I think the best way to take advice is to listen to people's perspective.
- 43:02Take what you think is useful and selectively use it.
- 43:05Don't take everything they say, use it, but don't not listen, which is what I do.
- 43:10So I gotta work on that.
- 43:11That is hard though, right?
- 43:12Cause you, you also have to be quite sure on what you're doing and you have to have a direction.
- 43:16And yeah, like you say, the flip side of that is that it's sometimes hard to take on board the feedback that you actually need as you're looking around and you're looking for new opportunities.
- 43:24Now how do you filter through ideas to find that gut instinct of this could be a good one?
- 43:30Like to you, what makes a good.
- 43:32Business if you enjoy, doesn't matter if it fails and it doesn't matter if it fails anyway, but if you enjoy it.
- 43:39I remember when I was doing car detailing just for fun when I was a lot younger and it's just, yeah, well pretty much I was making money and I got to see the coolest cars.
- 43:47I think I cleaned a Porsche GT3 and I was like, I do this for free.
- 43:51I do, I pay them to clean this car.
- 43:53So if you do something you enjoy, you're not working.
- 43:55And I know that that said a lot, but it's true.
- 43:58Yeah, I love that so much.
- 44:00Whereas I'd be like that's a what now?
- 44:02Car.
- 44:03So that one wouldn't be for me.
- 44:05Yeah.
- 44:06What do you think is the next step for you?
- 44:07Like if I get in touch with you in a couple of years and say come back on the pod and inspire us all again.
- 44:12Where do you hope you'll be?
- 44:14What do you hope you'll be working on?
- 44:16Taking some time to think about it without jumping right into it is the most important and my perspective because I've always been a super long term thinker and that has got me in some really weird situations with all
- 44:29sorts of bits of life.
- 44:31Doing what you're doing at the present, doing it well and then thinking, not thinking.
- 44:36You got plan ahead but don't plan too far.
- 44:38That's always been my struggle.
- 44:39I've always tried to be.
- 44:41I don't want to do this because in 40 years time it's not going to work out.
- 44:45Don't do that.
- 44:46It's bad idea.
- 44:47That's what another work on for me.
- 44:49Yeah, yeah, 100.
- 44:50And I think that's a trick as you said, about how things are Moving so fast in the business and career world now is.
- 44:57It is actually really hard to plan.
- 44:59And it's like, oh, but in 10 years that'll be gone.
- 45:01It's like, well, maybe in that time I'll adapt.
- 45:03And it's hard to balance that ability to back yourself, to adapt with also looking for.
- 45:10You are trying to build something long term, right?
- 45:12Definitely.
- 45:13I, I remember this.
- 45:14The perfect example was when I was talking to my uncle and he was telling me, oh, you know, he's quite in, he's very into the AI space.
- 45:22And he was like, maybe within 30 years, we don't know how everything's going to go, but stuff will be free.
- 45:28And I'm like, I will do everything.
- 45:30And I'm like, well, what am I building this for?
- 45:32If everything's going to be the same and everything's going to be free, then what am I doing?
- 45:36I'm just wasting my time.
- 45:37But that scared me.
- 45:38I'm doing all this work.
- 45:39Am I even going to get anything out the back end?
- 45:41But you can't think like that because you have no idea what's going to happen.
- 45:43Well, yeah.
- 45:44Do you ever find that a little bit?
- 45:45Because I sometimes look at the future and it feels a bit murky and I still have sort of 15 years of work history to fall back on somewhat.
- 45:53Even if a lot of that is now obsolete.
- 45:55There are skills in there that I'm like, okay, I can repurpose that.
- 45:57But do you ever sort of look at the future and be like, potential for paralysis is truly huge.
- 46:01Oh yeah.
- 46:02Well, I was talking to this guy who did websites.
- 46:04It was a professional job.
- 46:05He owned a business.
- 46:06He said, within a year my business will be gone.
- 46:08Like that, Just like that.
- 46:10And he's been in business for 15 years, been doing websites.
- 46:13He said, within a year I will not have a business anymore.
- 46:16He's worked, he's built this from the ground up.
- 46:1815 years and it's wiped out within one year.
- 46:20And he didn't even do anything wrong.
- 46:22It feels almost unfair.
- 46:24But that's, that's how it's going at the moment.
- 46:26It's.
- 46:26It's quite scary.
- 46:27And nothing is.
- 46:28Nothing feels long term.
- 46:29It does feel a little shaky.
- 46:31Yeah.
- 46:32Yeah.
- 46:33I guess in that position, what do you do?
- 46:34I, I guess you just have to back yourself to pivot to something new.
- 46:37Right.
- 46:37I think gaining the skills, any skills that you'll be able to apply to lots of different paths of life.
- 46:44Um, for me it's sales.
- 46:46You can sell lots of different stuff, but for Someone else.
- 46:49It could be graphic design or it could be interior design.
- 46:53You know, maybe an AI's replaced the online part of that, but maybe you need some sort of special in person.
- 47:00You don't know until it happens, but something that you can have broad amount of skills that's not gonna get completely wiped out.
- 47:07I think anything with computers at the moment, scary.
- 47:10You're either going to be wiped out or you're going to be at the back end.
- 47:13There'll be just a split because people who are wiped out won't have a job, but the people who are really good at it will keep advancing AI and they'll get paid the most.
- 47:21So you're either going to make a lot of money or just no money at all.
- 47:24So it's like, which end do you.
- 47:25Or of course you want to be on the more end.
- 47:27So it's hard.
- 47:28Yeah.
- 47:28And I do think, like, what you were saying before about looking for creating your own opportunities as we go into this brave new world, I kind of feel that's.
- 47:39That's kind of where I land on the only way to handle all of this instability, this change, is that at least if you're building your own thing, you can watch this happen and you can say, oh, that, that
- 47:51looks like it's going lean this way, and you can take a bit more sort of control of it.
- 47:57I kind of feel like that's the only response.
- 48:00It's not necessarily even saying that's a good or a bad response.
- 48:04I'm just sort of like, I think it's the only response.
- 48:06Only there's only.
- 48:07Yeah, I'm sure.
- 48:08Yes.
- 48:08Okay.
- 48:08If people want to keep in touch with you, your journey.
- 48:12Are you still keeping the social media up to date?
- 48:14How can we keep tabs on your next amazing business venture?
- 48:18100 I have mainly.
- 48:20I mainly do Instagram and TikTok and it's handy.
- 48:22Hamish.
- 48:22It's both of them.
- 48:23If you want even want to contact me and ask questions, I'm always happy to keep young people that want to ask questions.
- 48:28I'm no expert, but I do have a little bit of experience in it.
- 48:31Yeah, well, yeah, I just keep coming back to you.
- 48:34Like a decade of experience at 17.
- 48:36You're launching into adulthood far better than I did.
- 48:41Perfect.
- 48:42Hey, thank you so much, Hamish.
- 48:43Love having you on.
- 48:45Now, if this episode was helpful to you, do of course, hit subscribe so that you never miss a trick with your money and send this episode to a friend so we can all level up together next time.
- 48:54Have a great day.
- 48:57This podcast can only give you general information about how things work in most situations.
- 49:02It's not individual financial advice.
- 49:04If you're after that, a financial advisor is always the best bet.