Introducing the $100 challenge: How we turn $100 into $350k

<p>We’ve done the calculations. If you invest just $100 every month for 40 years, you can accumulate over $350,000 - thanks to the magic of compound interest. So, we decided to set ourselves a challenge. Every month, we’re going to look for a way to add an extra $100 to our investment portfolio. We need a plan to save or earn an extra $100 each month to reach our investment goals.</p><br><p>Here’s our ideas for March:&nbsp;</p><ul><li>Sell drum kit&nbsp;</li><li>Do online surveys (<a href="https://www.attapoll.com/" rel="noopener noreferrer" target="_blank">AttaPoll</a>)&nbsp;</li><li>Shop around for a cheaper phone plan </li><li><br></li></ul><p>We don’t want to do it alone either! Join us on this journey by sharing your ideas on <a href="https://equitymates.com/contact-us/" rel="noopener noreferrer" target="_blank">equitymates.com</a>. </p><br><p>If you enjoyed&nbsp;<strong>Finfest</strong> 2022&nbsp;and want to be part of an even bigger <strong>FinFest in November 2023</strong>, <a href="https://equitymates.com/finfest23/" rel="noopener noreferrer" target="_blank">register your details</a> and we’ll be in touch with Earlybird access details.</p><p>-----</p><br><p>If you want to let Alec or Bryce know what you think of an episode, contact them <a href="mailto:contact@equitymates.com" rel="noopener noreferrer" target="_blank">here</a>.&nbsp;</p><p>Stay engaged with the Equity Mates community by joining our <a href="https://community.equitymates.com/" rel="noopener noreferrer" target="_blank">forum</a>.&nbsp;</p><br><p>Want more Equity Mates? Come to our<a href="https://equitymates.com/" rel="noopener noreferrer" target="_blank"> website</a> and explore! You’ll find information on our full network of shows, including our Equity Mates Investing Podcast, book recommendations, blogs, news, and more.&nbsp;</p><p>*****</p><p><em>In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land,