Leading Amazon Expert Adam Hudson reveals why it’s essential to have multiple streams of income in today’s economy.
Stuart: Hi guys and welcome, this is Stuart, CEO of Zadel Property Education. I’m joined with Reliable Education’s Adam Hudson. Adam, how you going mate?
Adam: Good mate. Good to see you.
Stuart: Awesome. Great to see you. We’re at the Harry Dent event live here up in Brisbane. Harry’s onstage right in those doors at the moment. Adam just got off stage. Mate, great presentation.
Adam: Thank you. Good to be up on stage.
Stuart: Nothing like having an Aussie present to an Aussie audience and especially after Mr. Dent here forecasting his views on the property market which may or may not be accurate this time around, who knows.
Adam: Who knows, yeah.
Stuart: But certainly interesting times ahead for everyone and the world is changing, and you know that more than anyone. So, what’s the key from your message today? How did you go today? What do you want to tell our people? What’s a tip you got?
Adam: I think for people watching this, I think anybody in your audience, Stuart, watching this is, you know, you’d have to be blind Freddy not to be a little bit nervous about what’s happening in the stock markets globally and the property markets locally, and I think it’s never a bad time to have additional streams of cash flow. So I think the important thing is you don’t let fear overtake you and put you into a state of stasis. At the same time, be smart but always be looking at ways to diversify your income streams. As Robert Kiyosaki says, you got to have multiple income streams. Warren Buffet says the same thing. They don’t have to be glamorous, they just have to work. So that’s why people might laugh at me teaching people to sell wedding cake toppers and things like that. But at the end of the day, those transactions could be the ones that get you through a downturn if it does eventuate.
Stuart: I love the presentation. It just made sense. And if anyone’s been paying attention to Australia, we’ve got an election coming up soon and we may even have a change of government and if you look at what that government is proposing in terms of property, capital gains, tax and relation expenses in property for property investors, yeah, many of us is saying it’s actually quite scary what could happen for people in this country. Most of our wealth is in property and now would be the time to start diversifying what’s the best way to do that.
Adam: Well, look, I’m…
Stuart: It’s kind of a leading question.
Adam: Yeah, it’s a leading question. Amazon, obviously, works as one of those solutions, but finding a way to add value to a market, whatever that is, the great thing about Amazon is you don’t need to build a website, you don’t need to find the traffic, you don’t need to convince people that it works. Right? So it’s just a vehicle. But innovation is always what we should be doing in our life and trying to add value to a marketplace.
Stuart: I think you hit it on the head. Two words – we’ve been saying it for 13 years. The key to an entrepreneur is to add value, you get rewarded according to the marketplace. Mate, thanks for your time.
Adam: Good to see you.
Stuart: Can’t wait to present you again back to our people. We got to get them some more of this education.
Adam: I love your people. They’re some of the best I’ve come across. Seriously, your audience is so well-educated and so well-balanced in their approach. I’m not just saying that – we work with other promoters, as you know, but there’s different audiences and you always are among the best. So, I thank you.
Stuart: I agree… we say they’ve been “Zadelified”.
Adam: Yeah! There’s something to it, mate, for real.
Stuart: Plenty of them in the room today, which is great to see it as well. Anyway, I hope you enjoy this. Catch you next time and stay safe. Cheers!