$100 Challenge: Bryce enlists The Curve to help sell his drum kit

Bryce: [00:00:31] Well, it's time for another $100 challenge. Let's get going. And welcome back to another episode of Get Started Investing, a podcast where we attempt to answer all the most common money and investing questions from our community. If you're joining us for the very first time, a massive welcome. We strongly recommend that you scroll up and start at episode one. Now, while we are licensed, we are not aware of your personal circumstances. So any information on this show is for entertainment and education purposes. Any advice is general advice. With that said, let's crack on. My name is Bryce and as always, I'm joined by my equity buddy, Ren.

Alec: [00:01:04] How are you? I'm very good, Bryce. Very excited for this episode, partly because it's one of our favourite times of the month, the $100 challenge, but also because we have our two favourite New Zealand podcasters per summer for three months in London. 

Bryce: [00:01:22] I've got it right.

Alec: [00:01:24] Sophie and Victoria, welcome. Thanks for joining. 

Sophie: [00:01:29] Us. So happy to be here. 

Victoria: [00:01:31] Hello. Thanks for having us.

Bryce: [00:01:34] So Victoria and Sophie are from The Curve. We actually went on their show not too long ago, so make sure you jump over and check that out. The Curve is an education platform providing investment and finance content for women globally. It's an awesome platform and we're going to have a lot of fun today because I think last time we spoke it was related to the hundred dollar challenge and it was to for me to get a tattoo. Is that Right? 

Victoria: [00:02:01] I hope you've done it. I want evidence.

Bryce: [00:02:04] We were talking about it today. We were?

Alec: [00:02:06] Yeah. Yeah, we yeah, we were asking for a little bit more than $400, which I think was what was put on the table last time. 

Sophie: [00:02:13] I'm surprised we've got a tattoo artist that's arrived at your door.

Victoria: [00:02:19] No escaping now. 

Bryce: [00:02:21] That would be good. That would be good. Anyway, so in today's episode, the hundred dollar Challenge continues. If you've just joined us for the first time, the challenge is pretty simple. If you invest $100 a month at the market, return every month for 40 years, it compounds into a whopping $350,000. So we've set the challenge of coming up with that $100 by either doing something to save it or doing something to earn an extra $100 a month. 

Alec: [00:02:49] Now, when we jumped on your podcast, which we recorded maybe a month or two ago, we introduced this concept to you guys. Have you embraced it? Are you a $100 challenges? That doesn't quite work.

Sophie: [00:03:03] I'm not going to lie. I haven't kick started by $100 challenge yet, but I have come up with some ideas as to how I can get involved. Have you done anything?

Victoria: [00:03:13] Unfortunately, not yet. That's a bit more expensive than we thought. You know, we're ready to start. We're here again. Hit the ground running. It's a new month. Let's do it.

Sophie: [00:03:25] It. I'm feeling confident like I'm desperately in need of some extra money to invest. And also, 350 for me is like a tangible, exciting outcome when someone's like, you can save $2 by buying cheaper milk. I'm not interested. So I feel like I can get around this challenge.

Alec: [00:03:42] Well, we crunched some numbers beforehand because we've been just saying, you know, basic compound interest calculator, $100 a month for 40 years at 8% return gets you $350,000. But we actually looked at the Australian stock market, the All Ordinaries index from January 1983 to December 2022. So a real life 40 year period. If you had invested $100 a month in that time period, you would have actually ended up with $485,000. So 100 bucks a month for 40 years is almost half a million dollars. 

Sophie: [00:04:24] Such a no brainer, isn't it, when you hear. 

Alec: [00:04:26] That? Well, that's why we keep showing you about it. 

Sophie: [00:04:30] Oh, my God. Just bang on about it forever. Can you bang on this content for like years. Is just so much money. I can't even believe it. It almost sounds like a magic trick. I just like, yeah, I'm still getting used to investing because obviously an expert for me that is just like. 

Bryce: [00:04:47] Well, that's why they say the magic of compounding because it is so unbelievable.

Alec: [00:04:57] So let's get to the challenge for people who are new to the challenge. Every month, Bryce and I commit to doing something and the equity mates community has jumped on board. Vic and Sophie, this month you're going to be committing to doing something, we hope. I guess there's no way we can enforce that. You're on the other side of the world. 

Sophie: [00:05:14] No. Committed. I'm here for you. 

Alec: [00:05:16] YBut for people who are new, they may not be aware of Bryce's long running drum kit saga. 

Bryce: [00:05:23] Oh, my goodness. 

Alec: [00:05:23] It was the very first thing he committed to. His parents was sick of his old drum kit sitting, taking up space in a. So he committed to selling it month after month. He's come on the podcast and said he's trying. But Bryce apparently have news. 

Bryce: [00:05:36] The hustle never stops Ren, the hustle never stops. And two months ago, when I was down in Wagga for my sister's wedding, I went full analogue. I had Facebook marketplace ads up, I had Gumtree all the digital avenues to try and sell this. But I went analogue. I went home and I printed out some ads on an A4 piece of paper with a picture of my drum kit and a contact here went down to the Riverina Conservatorium of Music and dropped some flyers at the doorstep of the drum teacher and said, If any of your kids want to buy a drum kit, this is the one to buy. I hadn't heard anything for two months. Just got spammed by bots on Facebook Marketplace. Unbelievable. Then when I asked my parents, Will you bring it to Sydney, the big roadblock is I can't get it from Wagga to Sydney, please bring it to Sydney. They committed to it and we had this on the show last time. Low and behold, the day after they commit to it, a lovely family living on a farm just outside of Wagga who's young kid at primary school is having drum lessons at the Riverina Conservatorium of Music, saw that ad and called me off and said We're going to buy your drum kit.

Sophie: [00:06:44] You've bought it all the way to Sydney? 

Bryce: [00:06:46] No. Well, luckily I was. I managed to call my parents and say. Hey, get out of the. Car, get out of the car. 

Sophie: [00:06:52] Abort mission. 

Victoria: [00:06:54] And they're like, We're halfway here. 

Bryce: [00:06:56] Get out of the car. So they were very fortunate that they didn't have to drive to Sydney and Ren. I am happy to say 1500 dollars now goes towards our challenge. 

Alec: [00:07:09] What are you investing it in?

Victoria: [00:07:11] 1500. That's a lot of money. That's great. 

Bryce: [00:07:14] It is a lot of money. We do have a rule here though, that I now can't put my feet up for 15. We still have to challenge ourselves each month, but I'm going to invest in that. I'm going to split it between ASX 200 and the S&P 570 50 and let it do its work over the next 40 years. 

Sophie: [00:07:36] I can't believe it took so long to sell your drum kit, to be honest. Like, what kind of condition was it?

Bryce: [00:07:42] Whoa, Sophie.

Sophie: [00:07:44] Seriously, I'm nine months to sell it for real change. 

Bryce: [00:07:48] I know. So the condition was actually supreme. The major challenge was that it was in Wagga, which is 500 kilometres from Sydney, and. And everyone was hitting me.

Victoria: [00:07:59] What's the population of Wagga like

Bryce: [00:08:01] 60,000. 

Sophie: [00:08:01] Tiny. 

Bryce: [00:08:04] So in the grand scheme of things, look, I'm happy with the outcome. 

Alec: [00:08:08] I'm just happy we get to stop speaking about the drum kit. 

Sophie: [00:08:13] I needed some new material.

Bryce: [00:08:15] It was so nice. It was actually quite a sad day when I got rid of it because I'm quite, I was quite emotionally attached to it. And then the mother, when they got home and they set it all up, sent me a video of her son playing. 

Alec: [00:08:24] Oh, that's. 

Bryce: [00:08:24] Nice. Yeah, I always shed a tear. Not quite that I. I think it's good. It's a sad day, but I'm glad it's gone to a great home and we get to put the money to work in the stock market. So note that down. If you check out the website equitymates.com, you can track our progress and that 1500 is going to be there. 

Alec: [00:08:43] Yeah. Nice. Well I'll quickly cover off what I did last month and then let's get to throwing some ideas around. Mine was a little bit simpler than Bryce's. I am with one of Australia's major banks. They hooked me when I was a child, literally at school. They came to our school and signed us all up and I've never left them. But as interest rates have been getting higher, I have been getting left behind in my savings account. I checked and I was getting 1.9% interest and there are savings accounts in Australia and I'm sure in New Zealand as well that are now paying more than 5%. And so my commitment this month was pretty simple. I'm going to sign up to the one of the better savings accounts and move the money I've been saving for a house deposit from Commonwealth Bank to this a better savings account I moved to ING shout out. I've gone from 1.9% to 5.5%. That's $100 challenge. I did the maths over a year. It's about $1,000 extra. 

Bryce: [00:09:49] A thousand extra in interest by changing accounts. Yeah. Including tax. 

Sophie: [00:09:53] Can I ask what the admin involved like. How long did this process take? 

Alec: [00:09:57] Honestly, it was so simple. Like stupidly simple. Why didn't I do it earlier? Simple like 10 minutes this morning. Simple. 

Bryce: [00:10:05] Particularly with a bank. Like I enjoy an online bank and actually don't have any branches. You better hope that they're online. Applications.

Alec: [00:10:13] I don't think you would have to go to a branch for any bank days. 

Bryce: [00:10:16] No, but what I mean is like it. They devote all the resources online. Like they like you, for example. No offence to them. Still pretty shitty online.

Alec: [00:10:24] So anyway, I think we both get a tick this month. 

Bryce: [00:10:26] Yes. Nice. Well done. Well, Sophie and Vic, what. What are they? Out of interest, what are the pun intended? What are the interest rates for savings accounts in New Zealand at the moment? Do you know like they are sitting in the fives as well? I think you guys are a little bit further ahead in terms of interest rate rises compared to us. 

Victoria: [00:10:42] Yeah, we are ready to hit that. In terms of savings accounts, I don't think that high. And just gosh, I mean, I'm just focussed on my bloody mortgage rate at the moment. Yeah.

Victoria: [00:10:55] Every time that money gets sucked out, I'm like, oh, it's like a stab to the heart. 

Bryce: [00:11:01] Were you one of the unlucky ones to get in on? Get it, get a mortgage when the rates were near zero and now experiencing a drastic rise? 

Victoria: [00:11:09] Yeah, I remember last year actually was when my fixed rate came off and I had moved up to the new rate and we were actually in Greece and Cyprus IRAs. We're on our way. The sounds are so bad, but we're on our way to launch. And I checked my bank balance. Just make sure enough money and my new amount and my mortgage payment had come out and I was like, oh, my gosh. I was like, stop, stop the care. I literally have no money. Like, Oh my gosh. It was like, Yeah, it was crazy. 

Sophie: [00:11:41] Was this the moment we were in Greece when we nearly had a head on collision because you were driving on the wrong side of the road? I was like, Did you just check your bank account? That was. 

Bryce: [00:11:50] Well, we are going to take a very short break. And on the other side, we're going to come back and hear from Sophie and Vic, and then our ideas as well. And what can we do for the coming month to make or save an extra hundred bucks. So we'll be right back. All right. So we're here with Victoria and Sophie from the Curve, an education platform providing investing and finance content to women globally. And we're talking about the $100 challenge. We've got some runs on the board finally. Well, I have anyway. Ren, you've been doing it for the last couple of months, but this is the fun part. This is where the rubber hits the road. We need some ideas. I'm desperately needing some ideas. I'm running out. So Soph you seemed pretty, pretty confident that you had some ideas ready to rock and roll. If it involves a tattoo, I'm going to say. So what have we got? 

Sophie: [00:12:37] So I will say my favourite idea is still you getting the tattoo on your lower back. The tramp stamp, which I feel. What was it? Company's Die and Dicks is a forever. 

Alec: [00:12:47] Yeah, that's it. That's it. Right? Right. 

Sophie: [00:12:49] Saying it's still my favourite option. 

Alec: [00:12:51] I'll just remind us how we would get paid for that. 

Sophie: [00:12:54] Well, I'm currently in a very interesting financial situation where you could really be saving a few more dollars. So I would maybe have to take a loan from Victoria to pay you. However, maybe the curve. Maybe the curve sunset. Right. 

Victoria: [00:13:11] Okay. Card. Yeah.

Bryce: [00:13:12] Yeah. Business expense. Not bad.

Victoria: [00:13:15] I don't know how the accountant would feel about that one, but yeah. 

Alec: [00:13:19] Maybe. Maybe if Bryce gets companies to die, but the index is off forever. And then the Raising the Curve logo. Yeah, but it's marketing. Yeah. 

Victoria: [00:13:28] Yeah. Marketing. It's been. Like You thinking I like. 

Sophie: [00:13:33] But I do feel like that saying is so close to your heart that actually it would basically be like, you know, getting your wife's name tattooed. So there's still a lot. 

Alec: [00:13:43] I would pay you. If you have slightly tattooed. 

Bryce: [00:13:46] Markets now, I'd rather markets die and taxes are Forever. 

Alec: [00:13:55] All right. Well, okay. Okay. We'll keep Workshopping the tattoo idea. But what, what what else can we do? 

Sophie: [00:14:01] Yeah, I've got a few ideas. I'm not sure if you'll be into any of them. The first one is I'm not that hungry. It's called trying intermittent fasting. So you literally just have to cut a meal for the day. So, I mean, it's good for your health, it's good for the bank account. The other option here is apparently fasting for like 24 hours is really good for your health. So maybe it's just one day a week on a Sunday. There's just no food consumed. That was my that was one of my ideas. 

Alec: [00:14:29] So I am a big fan of intermittent fasting, but Bryce over here gets really cranky if he doesn't eat often and will often have emergency protein bars ready to go. So I'm not sure that's quite up your alley. 

Victoria: [00:14:43] I think you know the number of times we've recorded a podcast and so stomach is grumbling in the background. I try. This is a good one for You. 

Victoria: [00:14:50] Too, in terms of time management, you know, to say if they feel that would be recording, not podcast multiple times, so maybe scrape that one. 

Sophie: [00:14:59] Yeah, I just hit some emergency banana bread the other day when we're recording because it was so loud you could hear it in the microphone. So maybe that is not a good one. 

Bryce: [00:15:06] But I guess if you extrapolate that out over a month and you're trying to save a hundred bucks on food or meals, you're only really trying to save $3.30 a day to make that 100 bucks up so you don't even have to scrap a whole meal. 

Victoria: [00:15:22] With groceries. The price that now you could you could do one meal. 

Bryce: [00:15:25] One Avocado.

Alec: [00:15:28] Coffees, coffees. Those days are like five bucks if you go, I'm takeaway. So it's like one coffee every two days. Now. 

Bryce: [00:15:34] Here we go. 

Sophie: [00:15:35] Groceries over here. Okay, Just flag one broccoli awake. Okay, We're flagging that one. That didn't go down very well. I've got a few more. Okay. What was another one? Oh, okay. So this one was called Freeze a B, but I can't remember. It's meant to be Freeze a bagel. Freeze a bird. I mean, what they're saying is they it's like it's. 

Victoria: [00:15:53] Bird. 

Sophie: [00:15:54] Phrase, a bird. So this was basically each weekend I only do free activities for one day of the weekend, so I never go to a ticketed concert. Any kind of situation that involves money. So like maybe on a Saturday or Sunday for the next month, it's only free activities. And in London there's heaps of stuff going on. So like, that'd be easy. 

Bryce: [00:16:18] That's a good one. 

Alec: [00:16:19] I like that. Yeah, I'm just trying to think how much I spent last weekend, but I actually went to the snow last weekend and spent so much money. So yeah, I could have really benefit. 

Victoria: [00:16:29] Goes a few months of $100. 

Alec: [00:16:31] Oh no, I know. Yeah, that's good. I like that. 

Bryce: [00:16:33] Yeah, that's a good one, Fraser. But here's. 

Alec: [00:16:35] The question. Does Sydney have a lot of free events? Yeah, yeah, we like markets and. 

Bryce: [00:16:40] We've got like. 

Victoria: [00:16:41] Bondi to Bronte a few times, you know. 

Alec: [00:16:43] Like drinking in a park. 

Sophie: [00:16:47] Then so that's to alcohol. 

Bryce: [00:16:50] Ren, Breezy zone, right. Technically that. 

Sophie: [00:16:57] Okay there's that one. I also have to exploit my skills, but I'm going to bail on that one because I actually just can't. With all the working hours in my wake. So that's not going to happen. I actually did think I could baby sit like I thought maybe I could do some flyers around, find a cute baby that wants to hang out with me for a few hours a week. 

Bryce: [00:17:18] Yeah, we had some not babysitting, but someone was that you mentioned like Dog.

Alec: [00:17:22] Alice suggested Dog walking, which I think is a good idea, but it feels like a lot of admin to, like, convince people that you're trustworthy with the dogs. If I could skip forward to like, here's a dog walker for an hour, I'll give you 20 bucks. I'd do it. Yeah. 

Bryce: [00:17:37] But obviously.

Victoria: [00:17:37] You know, I've never met someone that loses more things in her life than some people. Right. Okay. So I think trust said you were lost. That was on the bus.

Sophie: [00:17:52] Although I'm not that bad, I wouldn't forget a human being. Well, I mean. 

Victoria: [00:17:55] I told her I was like, so I was like. So if you need to get those tiles that you put on your item so then you can find them. And she's like, Yeah, I bought them, but I lost them.

Alec: [00:18:04] Oh my God, how can you lose them? You know, the whole Point that you just open your phone, you know, and. 

Sophie: [00:18:10] I don't want to talk about it.

Bryce: [00:18:13] Fair enough. 

Sophie: [00:18:14] I got that one. And then the other one I did actually have I had one more one more kind of maybe potentially average idea of and then you can pipe in back. The other one I had was and the other one I had was like a thank you, but no thank you. So every week if I have a friend that says Let's do dinner, I always say no to one of my options. So because I think the thing is, I tend to be like, yeah, I love to hang out, love to hang out, and I don't really plan my social engagement, but I think if I was to say, actively say, okay, I'm only doing one awake or whatever, and I have to say no to somebody or move it to the next week, I honestly think that would save me quite a bit of money. 

Bryce: [00:18:57] I was blown away when we just came back from the States and had some time in New York, and I'm sure it's the same vibe in London and you're probably experiencing it right now. But a lot of the people there were saying that they go out on average like five times a week. The culture in Manhattan is just like exactly that. Yeah, Yeah. Hey, mate, they're after work. After work because there's just so much going on in the buzz of the city. Regardless of how much you spend, you will just be so tired as well. [00:19:26][28.5]

Sophie: [00:19:29] But also I only really drink cocktails, so drinks are expensive. So if you go out for a drink, it's like $25 for a cocktail over here. And I just went non-alcoholic for a month. I'd be saving. 

Bryce: [00:19:39] That's non-alcoholic. 

Alec: [00:19:41] But surely, actually, you're $100 Challenges the easiest. Just switch from cocktails to wine. 

Sophie: [00:19:46] But I hate it and I get weird and I get so drunk so quickly. I have one drink and I'm like, Let's go. 

Bryce: [00:19:53] You got to commit to the challenge. So if you look at me, it does it. 

Sophie: [00:19:56] All right. Okay. Okay.

Victoria: [00:19:58] Yeah, I think that's one of my ones to go home. Stay home. I am always so guilty of being the last one, last one out, the last one at the party. And if you are. 

Sophie: [00:20:09] Actually you just like

Victoria: [00:20:10] I Know it's so bad, I even see myself curfews and I'm like, Oh, no, this time I can break it. I say it's just I just hate going home. You're setting your. 

Alec: [00:20:20] Drunk self curfews are never going to work I feel. 

Victoria: [00:20:23] I know I never has. I've tried multiple times. 

Sophie: [00:20:27] I was trying to sort of get off the air and you're like, Man, it's time. 

Victoria: [00:20:33] I literally have to set myself an alarm, I think, and say, Go home and then put a reminder every 5 minutes. So it's just annoying to go home. But imagine talking to someone who's alarm goes Off and goes home. For me, I want to set myself a challenge that I go home by midnight every night. And even when I'm out on the weekends and when I do, not only am I saving money, but I'm going to transfer $100 and into a savings account every time I do that. So we'll say for the next month I save a lot of money or. 

Bryce: [00:21:05] Targets on stories I do. And we can share the challenge. [00:21:07][2.7]

Victoria: [00:21:10] Coming home drunk at. 

Alec: [00:21:12] And if anyone is in London and sees Vic out after midnight, snap a photo submitted to Rising the Curve and still name and shame. 

Sophie: [00:21:24] Do you know what she'll do? I bet she'll just be at parties like mine. Right. Then to my house. A colleague of mine. I'm going to try that with all my friends and family. I'm just going to start calling them and just see if I can get it up and I'll pay you 150 in 40 years time and see what they say. 

Alec: [00:21:43] What? What if you just borrow $100 from the company every month? 

Victoria: [00:21:47] Yeah, well, we did kind of think about that. Putting each, putting, having a joint account and putting in $100 and investing it. And I think that for us, if it's kind of like out of sight, out of mind, well, think for me, I think and also for then I think that's, you know, we can't touch it and we're kind of holding each other. Ball, I think it is probably going to work the best to be honest, and we'll start seeing it grow and we'll get really excited, but also having a joint account that kind of feels like marriage material. So I don't know.

Sophie: [00:22:14] I love it, but I reckon there's like strength in numbers, you know, the idea of doing it with a friend I kind of love because it's like. Also, then you can call on someone if it's a Saturday night and you're like, Oh, I totally can't afford to go out. And then you've got your friend that's kind of you're chasing that, you know, you're saving lives. Oh, my God. 

Victoria: [00:22:35] I just fell over. Sorry. 

Alec: [00:22:36] Do you need to sort it or. 

Victoria: [00:22:39] That should be fine. Sorry. 

Bryce: [00:22:41] Some great ideas there. I think we need to commit to some, Ren. 

Alec: [00:22:46] Yeah, well, Bryce and I, we're both going to Europe next month, and so I had a think about what I could do to save money overseas. And I've got two that I'm going to commit to. The first one is Very cool. Yeah, yeah, yeah. My in 40 years, my future self will thank me. No, my first one is no checked bags, so just carry on. Oh, all I need is a linen shirt or two. 

Victoria: [00:23:28] Oh, gosh. 

Sophie: [00:23:29] Your poor girlfriend. You're going to like pun, you smell? 

Bryce: [00:23:32] She's going to be, like, around 40 kilos.

Victoria: [00:23:35] Oh, yeah. She'll be lugging all your stuff. . 

Alec: [00:23:38] No, she's actually enforcing. Well, not enforcing it, but I think she's keen to do it, so. Yeah, watch this space. But that's number one. And then number two. So this is a shout out to my parents who are currently doing the sort of we're almost retired long service leave around the world trip. And they introduced me to this company called Airalo. Has anyone heard of them? 

Bryce: [00:24:02] No. 

Sophie: [00:24:03] No. 

Alec: [00:24:04] So they, they do esims. And so I'm with Telstra and Telstra charge ten bucks a day for a gigabyte of data when you're roaming overseas. Whereas I was looking. So I'm mainly going to Italy. I was looking just before with Airalo you can buy a sim. Five gigabytes of data for 30 days, unlimited calls and texts for about 20 Aussie Aussie dollars. Equity mates just a quick correction. Upon listening back I realised I made a slight mistake. You don't get unlimited talk and text with these sims. In fact, you get the opposite. You get zero talk in text, you only get data. But the fact of the matter is it's 2023. You can do everything over the internet. You make calls via Messenger WhatsApp, you send text through that or iMessage. And so when I'll be travelling, I'll have no talk or text, but I won't need it because I'll have this e-sim.

Bryce: [00:25:08] To keep your same number? 

Alec: [00:25:09] I think so, yeah. $20 to ten bucks a day. And I'm there for, like, two weeks. So quick math. 140 bucks compared to 20. Save 120 bucks right there. 

Bryce: [00:25:24] Yeah, that's a good one.

Sophie: [00:25:25] Does it count as saving if you haven't actually spent it, though? 

Bryce: [00:25:29] Yeah. We're pretty liberal over here.

Alec: [00:25:30] I mean, it's. It's more Of a concept. It's like. It's about sharing tips and tricks.

Bryce: [00:25:39] Well, I'm going to try and earn a couple this month. So they obviously had a big windfall with the drum kit. So this I was supposed to have some plants at home that I want to sell off indoor plants. One of the well, I wouldn't say latest right. 

Alec: [00:25:55] Where we've got to the selling furniture part of the Show. 

Victoria: [00:25:58] I feel like You're going to have nothing much 

Bryce: [00:26:03] Honestly, I have.

Alec: [00:26:04] A lot of blood pumping through my body and I could sell some of it 

Bryce: [00:26:09] That is my Challenge. Yeah, but I think what I committed to, what I didn't commit to last episode, but what I was going to do this episode and by the time I come back from it will have done it is the Kirribilli market's one of those one of those sort of Saturday markets here in Sydney. We did a bit of a spring clean out at home and have a bunch of clothes and bits and pieces that are good quality but can go to a good second-hand home. So we're going to get a market stall for pre-loved goods at the Kirribilli markets on a Saturday and see if we can sell 100 bucks worth of stuff and that actually costs 110 bucks to hire the stall. So I need to make up 210. Yeah. To tick this box. 

Alec: [00:26:52] So are you, are you doing, are you selling your plants or are you selling your clothes. 

Bryce: [00:26:55] Well, I haven't sold the plant, but then I'll take the plant. But I'm also going to do the clothes and. 

Alec: [00:27:00] Do you want to use the platform that we have here as free advertising? When are you going to be at the Kirribilli markets? Do you have a date night? 9th of July. 9th of July. If you want to go see Bryce, buy his shirt and he'll also be selling Slurpees per dollar. 

Bryce: [00:27:15] Yeah, I'm going to take a lot of the good quality gear from the office as well. Just start flogging that off. 

Alec: [00:27:27] We got a whole bunch of books. Go sell some bought through. 

Bryce: [00:27:30] I'll take the books anyway. That's my commitment. 

Sophie: [00:27:32] Oh, it's getting dire when you know you're setting up a store to sell your some.

Victoria: [00:27:37] I had before I left for London. Actually, I made some friends. We got together and we sold all our clothes. It was great. We sold so much. Oh, well, you also feel great for the environment because you're not throwing all this stuff away. It was actually a win win. 

Bryce: [00:27:52] Look, I do want to set up a dropship business and have it all automated. That's spitting out $100 each month. But Ren's not giving me the permission to. 

Alec: [00:28:01] Absolute permission to set. 

Bryce: [00:28:03] That up over a number of months. It's one of those things where I need to plant the seed and let it grow in six months time. So I got another one. 

Sophie: [00:28:09] So I've got one for the class. Okay, What about if you start some kind of, like, voice coaching service, you know, like people make a lot of money from or you could do voiceover work that is so good for extra money. 

Victoria: [00:28:27] A foot model or hand model. 

Sophie: [00:28:31] Just exploiting your body. 

Alec: [00:28:32] Yeah, that is quite good. 

Alec: [00:28:35] Bryce Has a good deep voice. I reckon that would be people that want him to voice overs. 

Sophie: [00:28:40] I agree with you. Give it a go. I reckon if I feel like tonight, like I think I could imagine it. 

Bryce: [00:28:46] All right, well feel free to reach out to your community as well for ideas. The more ideas, the merrier. The merrier for this. And if we can get a bit of a groundswell of $100 challenge ideas going. 

Alec: [00:28:59] Oh, I thought you wanted a groundswell for you doing voiceover work. 

Bryce: [00:29:02] I mean, that's like. That is also that if anyone makes voiceover work, I'm here all day, every day. 

Alec: [00:29:09] But look, I think that's probably a good place to leave it. Yeah, plenty of ideas. And just a reminder, $100 invested every month for 40 years at 8% works out to be $350,000. But over the last 40 years in Australia it has worked out to be $485,000. Small things, selling your clothes at a store, babysitting and not losing the baby, whatever it is, going home at midnight. They add up over time and can make a real difference when we're all done. 

Bryce: [00:29:41] And just before we go, either week or so, do you want to just give to get started? Investing in equity makes the community a bit of a a spiel about what you're doing at the curve, where we can where they can find more about you and and yeah, a bit of an elevator pitch. 

Sophie: [00:29:55] Okay. So if anyone wants to listen to our podcast, you can just search the curve. It's kind of different to what these guys are doing, which is awesome, is an absolute professional, has worked in the industry for like 13 years. As a fund manager, I know nothing about finance and investing, so it's kind of a teacher student vibe. So you can find us on socials at the curve with like four on the because we couldn't get the curve. We tried to buy then charge us ten grand, so we said, No, you can find us. 

Victoria: [00:30:27] These are money saving tips. 

Alec: [00:30:28] Yeah, that's years of the hundred dollar challenge right there.

Bryce: [00:30:32] Yeah, right. We'll save that for next time, but definitely go and check it out. We love what you guys are doing, and we had a great time coming on your show, which I think was released in the last couple of weeks by the time this goes to air. So yeah, we had a great time. So make sure you go and check that out, you on our socials and we'll share a lot of the ideas that have come from this. And yeah, let's try and get a bit of a groundswell going. The more ideas the merrier, because I feel like, as you said so far, there's only so many things I can sell in my house for people. Anyway, we'll leave it there. It was great to see you both. And thanks so much for coming on. 

Victoria: [00:31:08] Thanks for having us. 

Sophie: [00:31:09] Yeah, so much fun. Thanks for having us.