Young Australian E-Commerce Entrepreneur Mentors Others On Financial Freedom

Throughout the U.S. the statistics on repayment of tuition loans, mortgages, business loans, and credit card debt appear far from encouraging. Even with President Biden’s tenuous student debt cancellation program (now facing temporary legal blocks), the enormity of student debt and other borrowing measures are becoming repayment albatrosses.

While the idea of taking out loans to ease financial stress and build a future can be helpful, these approaches can often handcuff the borrower into spending years working to pay them back.

Cam Moar, a young successful Australian entrepreneur, believes this type of debt isn’t a life anyone should want for themselves. He is the founder of 6 Figure Drop Shipper, a successful dropshipping company, an online retail business model where the retailer does not need to maintain inventory of the items they sell. A large part of Moar’s objective and drive is to educate others to avoid the pitfalls of a debt-filled life.

“It’s a trap and the system isn’t really designed to allow us to escape it in a healthy or sustainable manner,” says Moar. “No matter how much you earn from a 9-to-5 job, a salary can’t make you financially free.”

Moar is an unrepentant believer in the idea of financial freedom, and his young professional life is a testament to that belief. At just 21 years old, the former high school dropout and Aussie-born entrepreneur is making six figures per month from dropshipping, and together with his business partners, he has trained over 3,000 Australians to do the same.

Moar’s advocacy of financial freedom is fueled by his own experiences growing up and the steps he took to become financially independent at a young age. This reporter sat down to learn about Moar’s journey as a young adult in helping others educate themselves to strive for financial freedom and build a sustainable life moving forward.

Berger: Alright, let’s start with why you chose to get into dropshipping in the first place. Dropshipping has gained a lot of interest over the years. Were you concerned you were jumping into a crowded market?

Moar: Actually, I kind of stumbled upon it, thanks to my childhood friend and cofounder, Reza Qorbanie, who was making good money with it. He was my mentor and helped me build and grow my first business. I think that having a mentor eased any prior concerns I had about the sector and the potential opportunity. Since then, we have teamed up to teach other people around the world how to get started.

Berger: Speaking of your childhood, which remarkably wasn’t all that long ago, what were your circumstances growing up?

Moar: We weren’t well off as a family, but things really started going bad for me after my parents split up. To put it plainly, it wasn’t the prettiest of divorces. I was about 13 at the time, and it affected me mentally and financially all the way through high school. I eventually got kicked out of school and had to start an apprenticeship as a tradie (tradesperson) at 16 years old, a carpenter specifically.

Berger: How was that experience?

Moar: [Laughs] It was the kind I’d like to forget to be honest.

Berger: [Laughs]. Tell me about it.

Moar: It was a four-year apprenticeship, and I was making $600 every week, which was lower than the national minimum wage. I was working 60-hour weeks and had no time for my girlfriend because I was always busy and tired. Also, I wasn’t a big fan of my boss, making the job even more uncomfortable.

Berger: So, how did you get out of it? Many people find it hard to make huge life changes, such as quitting their jobs, even if they’re feeling unsatisfied.

Moar: Before e-commerce, my tradie job took my boss and me to the homes of many of our wealthy clients. We would spend a lot of time installing kitchen cabinets, taking measurements for new furniture, etc. Being around those homes and observing how rich people lived and the freedoms they enjoyed inspired me to want that life for myself. So when dropshipping came around, I grabbed onto the idea.

I was already over three years into my apprenticeship when I reached out to Reza. We had grown up together. We played sports and went to high school together, so when I saw what he was doing with his business, I was intrigued and reached out.

Reza taught me his strategies for finding viable products, setting up a website, running social media ads, and other marketing components. I made $19,000 in sales my first month, which was mind-boggling for me. I committed to it, and the money kept growing.

I hit $50,000 and $100,000, and it kept going up until I recorded over $250,000 a month. At this point, it was a no-brainer to quit my tradie job, even though I had only six months to round off my apprenticeship. I joined Reza and essentially became the face of our company.

Berger: That’s an amazing journey for anyone, specifically for someone so young. Explain what life looks like for you now.

Moar: It’s certainly a far cry from the kid who had to work 12 hours of unforgiving physical labor daily, made less than minimum wage, was up by 5:30 am every day, and was scared to death that this would be his life for the next 40 years.

I can provide the best life for myself, my girlfriend, and my parents. I’m able to travel the world, hire people to run most of the business, and invest in other ventures.

Berger: In your time building and scaling your own business, what are some of the principles and lessons you’ve picked up that helped you attain financial freedom? Specifically, the types of lessons to apply beyond dropshipping.

Moar: I’ve learned that while opportunities don’t come only once, as the popular saying goes, you should still take full advantage of the ones that come your way. Seizing opportunities has been so important.

Also, seeking out mentors has been highly beneficial. I didn’t have to spend hours scouring YouTube videos, buying courses, and failing repeatedly. Reza had already attained success, so I followed his blueprint. This way, I learned the pitfalls of dropshipping without having to fall into them. Without him, my e-commerce success would have taken much longer than it did or may not have even happened.

I believe in starting immediately and learning the rest on the way. This doesn’t counteract my point about mentorship. It just means not waiting until you have all the steps figured out because one’s drive can grow stale if you do that.

It comes down to believing in yourself and moving immediately on that belief. Also, no matter how much you make, spending money irresponsibly is a huge mistake. When I mentor and advise people now, I stress the importance of partitioning income into savings, investments, and cash spending. The nice thing is if you’re making six figures a month, breaking up the money becomes less of a problem.

Berger: Let’s close with your relationship to success. You’ve attained a great deal of wealth at a very young age, so how do you wrap your head around expectations and future goals?

Moar: I stay unsatisfied. I don’t believe success is a destination. It’s an ongoing phase that keeps expanding. I never wish to stop learning and growing my network. More money-making opportunities arrive this way, but it’s important not to become buried in them, or you’ll just end up back where you started. Only this time, you’ll have the finances without the freedom. It’s good to hire people or automate and outsource parts of your business so it can grow without you having to devote more time to it.

Moar represents a new, burgeoning segment of the younger generation interested in carving their own path without making the debt mistakes that can derail dreams. Rather than keeping the knowledge to himself, he’s interested in a more noble and collective idea of sharing information so others can learn and succeed.

His efforts warn that regret can, unfortunately, be the ultimate destination for people with an entrepreneurial drive who spend their lives behind a desk building someone else’s business. “As the saying goes, if you think taking risks is costly, wait until you get the bill for regrets. If you’re still young like me, you’ve got the most important resource of all—time. Start using it now,” he says.

With the concept of time comes the ability to engage in the all-important lessons found in mentorship. Moar discovered his mentor, and it made all the difference. For the younger generation, an established sense of social connection and information sharing is already built-in. Adding mentorship to the expansion of networks might very well represent the secret ingredient that takes entrepreneurial dreams to the next level.

Interviews have been edited and condensed for clarity.