$100 challenge: How Nick made almost $2,000 in 2 weeks

Bryce: [00:00:28] Welcome back to another episode of Get Started Investing, a podcast where we try and answer the most common money and investing questions from our community. Now, if you've just joined us, a massive welcome, we do strongly recommend that you scroll up and start at episode one. While we are licensed, we are not aware of your personal circumstances. All information on this show is for entertainment and education purposes. Any advice is general advice. But with that said, my name is Bryce and as always, I'm joined by my equity buddy, Ren. How are you?

Alec: [00:00:54] Bryce I'm very good, very excited for this episode. It is my favourite time of the month where we do our $100 Challenge episode. We're all about investing for the long term here and this step stood out to us so much that we decided to build a whole content series around it. We took $100 a month and invested it in the broad overall market and just got the average market return over 40 years, that turns into $350,000, we actually had a look at the last 40 years in Australia and it turns into closer to half a million dollars. But you know, conservatively we say $350,000. And so that has spawned the $100 challenge where this year every month we try and save and earn an extra hundred dollars. And it started pretty simple. I was going to do stop buying lunch and take packed lunch or, you know, make coffee at work rather than buying coffee. You were going to call some of your streaming service subscriptions. You did a cupboard clean out and you were going to sell those clothes at the local markets. But from those humble beginnings, we've spawned a whole different type of hundred dollar challenge. And now you're trying to be a dropshipping mogul. 

Bryce: [00:02:09] That's right, Ren. 

Alec: [00:02:10] But it's all in the aim of earning some extra cash and putting that cash into the market.

Bryce: [00:02:15] Yes, Well, what an episode. What a wind up. 

Alec: [00:02:18] Yeah, well, I feel like it's important to contextualise how we got here for people that are new here, because otherwise it's like, what are these guys trying to build a dropshipping business? 

Bryce: [00:02:27] Well, if you knew, you can head to our website and on the resources page you'll find the $100 challenge landing page where you can track everything that we've done from March through until now and the money that we've made. So check it out. It'll give you a good example as well as some of the what some of the listeners have done and some of their team members here at equity markets. They spend some great ideas. But you're right, Ren, we're now moving on to bigger and better things. So Ren, to kick off, we have an opportunity for everyone to make not only 100 but $500. We are looking to grow the equity markets and get started investing community on our newsletters. And rather than paying for ads and pushing that money across Google and Facebook, we are giving away three $500 bills and groceries prize packs to our community. If they sign up and then refer a friend on our newsletter 

Alec: [00:03:23] To a friend, Office. 

Bryce: [00:03:23] Or family.

Alec: [00:03:24] Yeah, that's it. 250 bucks towards your bills, $200 voucher for either Woolworths or Coles and a $50 voucher for us. Three $500 cost of living prize packs. To find out more, any equity mate email has all of the details. If you not subscribed to an equity mate's email, go to equitymates.com/email to subscribe. The competition's running until the end of October, so jump on and get on board.

Bryce: [00:03:51] Love it. All right, well, let's keep moving. Ren, it's your turn to tell me what you're going to do to earn or save an extra 100 bucks. 

Alec: [00:04:01] All right, Bryce. Well, before I tell you what I'm going to do this month, last month, I had come back from Europe, and I just wanted to get back to basics. So some of the important money saving things that I'd done earlier this year, I just wanted to reinstitute stop buying coffees and make them in the office, bring packed lunch, don't buy lunch money hygiene like Uber eats all that stuff. I've bought more than my fair share of coffees this month. That one I haven't done too well on. And I say that as I've got a takeaway coffee cup in front of me. But have you ever seen me buying lunch. 

Bryce: [00:04:40] Well, I don't pay too much attention. 

Alec: [00:04:41] Well, if you had been paying attention, you would say that I've done pretty well with that. Oh yeah. I feel like I'm getting back in good money habits. And so this month I'm going to keep the good money habits. Just keep spending to a minimum, make my own lunch, make my own coffee, that kind of stuff. But it's time to join you on your quest to try and make more money as well. I'm not going to start a dropshipping business. I'll support you with your vehicle. I'll own 50% of it as a business under the agreement. 

Bryce: [00:05:13] No, it is not. 

Alec: [00:05:15] But have you heard of Amazon Mechanical Turk?

Bryce: [00:05:20] No. No idea. 

Alec: [00:05:22] Okay, so you heard of AI? 

Bryce: [00:05:25] I've heard AI.

Alec: [00:05:26] All the buzz these days are all AI is just computers trained on bucketloads of data? Yes. And then it's just predictive. It's like based on the hundred million data points I've been trained on, I can predict that what I need to generate, that's essentially what generative AI is. 

Bryce: [00:05:45] Yes. 

Alec: [00:05:46] How do we create the hundred million data points to train AI on? 

Bryce: [00:05:52] How do we create the data points? 

Alec: [00:05:54] How do we organise and store and properly label and categorise all of this unstructured data in the world? To be able to train AI. 

Bryce: [00:06:05] Capture?

Alec: [00:06:06] Well, yeah, actually a little bit. 

Bryce: [00:06:08] When I'm not a robot. 

Alec: [00:06:09] Whenever you have to identify like the four squares with a motorbike in it or like which ones have a stop sign. Yeah, that's studies and fed into training AI. But artificial intelligence requires a lot of human intelligence at the moment and there's a couple of different platforms. So there's an Australian company appen that created these massive datasets to train AI on and then sold it to like the big tech companies. But Amazon Mechanical Turk is another platform where you can sign up and help structure and train help categorise data essentially and get paid for it, get paid Amazon.com gift cards if you're not in the US. And so I figured, you know, I did online surveys earlier this year and that was a great money spinner, so I figured I'd have a look at this and there are some. So you just Google Amazon Mechanical Turk, also the Mechanical Turk for those interested. Do you want to know the origins of the word or do you not care? 

Bryce: [00:07:14] Well, people may be interested. Why? It's called Amazonian Mechanical Turk. 

Alec: [00:07:18] Like back in the day, there was like a chess playing, like robot that was created in, like, the Middle Ages, and everyone had their minds blown. Turns out that was actually someone hidden in a compartment underneath. And they were playing. And it was horrible. Yeah. And it looked like it was a mechanical, but it was actually person. So the person there was the person doing all the work, but it looked like, yeah, AI or a robot. And that's the same principle here that like, um, this is the human effort behind the flashy artificial intelligence. So anyway, I went on the website and had a look, and there are some tasks which give real online survey flashbacks like this: extract general data and items from shopping receipt. You get paid $0.01 per receipt. 

Bryce: [00:08:07] Per receipt, not per item. 

Alec: [00:08:09] Yeah. Yeah. So it's like, you know, like, can AI read what's on a receipt? No, you got to train it to do that. So you, you categorise a million receipt and then you train the AI and it knows how to write the million and first receipt. So that's one. So I was like, Oh, this doesn't look great. But then there's some more interesting ones. Identifying addresses in Atlanta, Georgia, 3.15 per address. Not bad, I think for a bunch of them. Address ID in Brampton, Ontario, 7.50. Okay. Now we're talking there's actually a lot of identifying addresses. I guess AI is not very good at that. But, you know, there's a whole bunch of other things. Menu transcriptions. Tell us what item this is. And essentially all you're doing is categorising data. As I write. This could be interesting. It did occur to me that a lot of my ideas are just real, like getting paid for my labour time. Yeah, yeah. 

Bryce: [00:09:09] Massive task. 

Alec: [00:09:11] But I was always kind of down this path and I was like, I think this would be an interesting thing to bring to the show. A lot of people wouldn't have heard about it. I figured, you know, like I'm on the couch watching TV at night and I'm just punching out a few. Like, what item is this? Like, let's see how much money I can make. 

Bryce: [00:09:27] Okay. 

Alec: [00:09:28] So I signed up. Amazon said, We'll get back to you in a few days. I was on the bus this morning coming in and I got this email. 

Bryce: [00:09:36] Okay. 

Alec: [00:09:38] Greetings from Amazon Mechanical Turk. We have completed our review of your Amazon Mechanical Turk worker account and you will not be permitted to work on Mechanical Turk at this time. Please note that customer support is unable to change this decision and cannot share insight into invitation criteria. If our criteria in the invitation changes, we may contact you to complete your registration in the future. 

Bryce: [00:10:01] Your Australian maybe.

Alec: [00:10:02] I've just been completely poor, so no. So I was looking online that people from all over the world to do this. But I was reading on Reddit that a lot of people have been rejected from like Germany and Australia, just like around the world. And I was like wondering like, yeah, what the guy was. Apparently people just get rejected for no reason and then might get invited weeks or months later. And it's really maybe to keep supply and demand constant. Things are going for one cent. You know, there's probably already a lot of supply of workers on the platform, but unfortunately that really put a spanner in the yeah, my $100 challenge because I found that out this morning. 

Bryce: [00:10:41] So long story short is.

Alec: [00:10:44] I'm just going to just just try not to spend much [00:10:46][2.0]

Bryce: [00:10:47] You're back to basics again. 

Alec: [00:10:49] Yeah. So I don't really have anything this month, but hey, how interesting is Mechanical Turk? 

Bryce: [00:10:54] Well, I mean, loosely interesting. No, I mean, like. 

Alec: [00:11:00] All right, It's one of the more interesting.

Bryce: [00:11:01] No, no. As in, like, the as you pointed out, the effort required to. If you're getting paid a cent per receipt, it feels like there'd be a lot of heavy lifting involved too. We're not so much heavy lifting but a lot of lifting involved to make.

Alec: [00:11:17] Yeah. Yeah. Coin. Yeah. I don't think I'd do that one. I just would have been, it would have been interesting to see like what? I don't know, a couple of hours a week. You could like, yeah, I could punch out receipts pretty quickly. 

Bryce: [00:11:28] Well yeah, surely there's also, I guess not that like even if can't when you put the camera over. Yeah. I say. 

Alec: [00:11:35] Here's how I. 

Bryce: [00:11:36] Turn it into text. 

Alec: [00:11:36] Here's how I found out about this because on thought starters in our weekly a monday email by the way, sign up to our emails. There's a lot of good stuff in there. I included this article about how a growing number of datasets are being created using AI because people are like signing up to platforms like this and then punching all the receipts into like a Google lens and then just putting that information in. And then what the risk is, is it's not correcting AI biases, but it's reinforcing them because the AIs and rating datasets and then being trained on. What its output was. If that makes. So if you want to find out more about that, sign up to our weekly email. But that introduced me to this Amazon Mechanical Turk platform and the rest is everything that I just said before. 

Bryce: [00:12:25] Nice. Back to basics for you then, Ren.

Alec: [00:12:28] That's it. [00:12:28][0.3]

Bryce: [00:12:28] Nice. Nothing wrong with that, though. 

Alec: [00:12:30] Maybe this week I'll actually win myself off buying coffees and I'll go back to.

Bryce: [00:12:34] And I'll keep it. And I'll pay close attention to your lunch habits. All right. We're going to take a quick break. And then on the other side, we're going to have a look at my progress with the $100 challenge and where we're up to with the Dropshipping kingdom that we're trying to build. So stick around. We'll be right back. Welcome back to get started Investing. We're talking about the $100 challenge. Ren has just enlightened us on Amazon Mechanical Turk. 

Alec: [00:13:04] Something I will not be doing.

Bryce: [00:13:07] Unfortunately. Got pied on the way in on the bus this morning. So has been left stranded but will continue with the back to basics for the hundred dollar challenge. Not buying coffees or lunch, but it is my turn, Ren. And as you said at the last challenge, I said that I wanted to build something that would generate ongoing income, but it was with the caveat that it would take a bit of time. And that was the Dropshipping business model. Quick refresher Dropshipping is essentially where you create a website. You find suppliers who plug into the back of the website for products that you want to sell. People then buy through your website. But when the order goes in, it just goes straight to the supplier and they deliver it. You don't me or us as the business owners don't have to buy any of the inventory or be involved in any of the logistics. We're purely at the front marketing the product. It's taken off. It's massive. Lots of young kids love it on YouTube. Driving around Ferrari's site, I claim. 

Alec: [00:14:08] And Bryce wants to be one of them. 

Bryce: [00:14:10] I am gonna be one of them. So according to Google, the steps where you need to choose a name, do some competitor research, find a reputable dropship to build your online store, market the business, and then analyse and improve. Pretty simple. So I said that the budget was going to be about 268 bucks through the end of 2023. That was to set up Shopify, which is the back end that I'm going to use, and then also put some money towards marketing. So where am I out of set up Shopify? Good news is I'm getting three months for $3.

Alec: [00:14:44] Oh, okay great.

Bryce: [00:14:45] And then it goes to 56. So I've got three months to get my first sale out the door. Yep. So that's really given a lot back to my marketing budget, which we'll get to in a moment. Obviously, the main thing here is finding a product. Last time we spoke, Ren, you were really bullish on the idea of getting a really niche, weird and wacky kitchen.

Alec: [00:15:07] No, no, that's the thing. It's not niche. It's just weird and wacky. But like the most effective dropship, as I say, like, you know, bathroom or kitchen products where it's something that's broadly applicable but no one really has seen before, you know, like a weird onion chopping thing or, you know, like a new kitchen or bathroom caddy or, you know, people have like different things they put in their sink to, like, make it easier to wash up. So things that are broadly applicable, so not niche. And then I then there's like a really effective video showing how cool this thing is. Yes. Oh, how helpful it is that for me that is like quintessential dropshipping. And because it's just plastic from China, you buy it from Alibaba for like $0.05. Yeah. And you sell it for five bucks, so you become margin. 

Bryce: [00:15:52] On it, right moment, five bucks, 24.99. 

Alec: [00:15:54] Well, yeah, yeah, yeah. Like for me that is like quintessential dropship. So I was quite bullish on that. Yeah. This is your, this is your thing.

Bryce: [00:16:00] So, so I started playing around with Google Trends to get a sense of like because you want high search volume If you don't have the ability to execute an amazing marketing campaign, you still want it to be a product that is generally searched for. 

Alec: [00:16:14] Yeah, I think. Yeah. Okay. Yeah. Come on. 

Bryce: [00:16:16] What are you going to say? 

Alec: [00:16:17] I think like you could people far less smart than you have executed good marketing campaigns online. Yeah, Like you have the ability to do it. Yeah, absolutely. It's just do you have the bullet? 

Bryce: [00:16:30] Yes, absolutely. So I started so that the most popular and successful dropshipping is actually in fashion and accessories. It's just like huge volume, low per unit cost from Alibaba in China but you can sell it pretty decent margin and just constant purchasing. So I typed it in and I'm starting the shop. I think the caveat is my shop is not going to be a single product, okay? It's going to be multiple product.

Alec: [00:17:02] It doesn't really matter because most dropshipping would be like an Instagram video ad with a buy now and it takes you straight through to the buy page so people aren't going to be going through the front door of your website. 

Bryce: [00:17:12] No, they're not. So then I thought about what else, what other drivers do we have here? So we have timing. We're coming in here in Australia to summer. We've got the festive season coming up. People are going to be thinking about gifts. They're going to be thinking about getting back into the summer vibe. 

Alec: [00:17:29] Yeah, a Christmas Dropshipping business would do well. 

Bryce: [00:17:33] Yeah, so. 

Alec: [00:17:34] Presents. 

Bryce: [00:17:35] Presents. But like then I'm thinking cost of living. Like you don't want something that's a high like per item cost, you know, you don't want the electric scooters that in the hundreds of dollars you still want that low low. 

Alec: [00:17:47] So there's a, there's a like, there's a trust element like if you're getting up into that range, like people aren't going to buy an electric scooter from Bryce's. Bargains.com, like they're going to buy it from the manufacturer and get the warranty. All that stuff. Like you want something, maybe like a kitchen or bathroom item that's 24.99. And if it isn't dry, it's like, that's okay. 

Bryce: [00:18:09] So then, long story short is just to start finding suppliers. And so there are businesses that exist as pure dropshipping suppliers. And what they do is they like the middleman. They will go out and find your product and then and then send it through. You need an ABN to really effectively get in and log in. So I had an ABN back at uni when I was selling sunglasses under the trading name, summer days, day days. And so I thought the easiest way to get this and it had had expired about 12 months ago. The easiest ways you can just go in and reapply for that ABN if it's the same sort of structure, sole trader, summer days, blah, blah blah. So I just went in re-engage that I've got my ABN back.

Alec: [00:18:55] Did it cost anything?

Bryce: [00:18:57] No. So ABN plugged in. So I'm now signed up with Shopify, which is the front end and two Dropshipping companies, one called Dropship Zone here in Australia. You don't get the Asian unit pricing though. So then I'm like, I need to go to Asia to get the two cent products, I signed with AliExpress as well. I should say. Shopify make this all super easy, super easy.

Alec: [00:19:21] No, no. 

Bryce: [00:19:22] Not an ad. Not an ad at all. So what I've landed on my store is called Summit Daze, which is back from the days of university, Summer DAZE and I'm going with accessories. I'm going to start with sunglasses because the search volume on sunglasses is ridiculous. 

Alec: [00:19:38] Well, it's funny you say that. I broke my sunnies recently and Alice lost her sunnies at a hands. So we are sunglasses less people living in Coogee moving into summer. So we are Prime customers. 

Bryce: [00:19:53] Well, I'm just going to flick you my website where it's up at the moment. I'm going to put it in the WhatsApp for you and producer Sascha. You can jump on and have a look at that. The password is going to be summer to get in because it's not publicly available yet. But to give you a sense of where I'm at, I've got one product in there. 

Alec: [00:20:10] Well, so I've just gone on it. So Equity Mates, you might notice if you follow us on Instagram or something like that, there's a lot of typos and I am responsible for my fair few. But Bryce is like allergic to proofreading. There's a banner at the top of his website. Get a ahead for Kristen. Yeah. Oh, I think you know, I think you make first. Yeah. [00:20:39][28.8]

Bryce: [00:20:39] I do. it's authentic. It's authentic. So where I am at is I've got a supplier over in China. Is plugged into the back end that I can search not only sunglasses, not only jewellery, but any products that we want. And you plug it in, it then brings in all of the information. So what I'm going to commit to over the next month and I'll put this link in our show notes so that anyone who's listening along can check out the Summer Daze website. It is build out the product page, and then we need to choose one or two products that we can physically get to then do some videos for marketing. One thing that I thought would be good actually is hats for big heads, because that's me.

Alec: [00:21:24] That's a challenge close to your heart. Yes. Super niche, though. 

Bryce: [00:21:27] Yeah, I know. Very niche. There are a lot out there. 

Alec: [00:21:29] You've kind of inspired me with how easy you've made it all. 

Bryce: [00:21:33] Say it's easy. 

Alec: [00:21:34] If you look at it. I kind of now want to do a weird and wonderful kitchen product.

Bryce: [00:21:37] Well, bring it on here. 

Alec: [00:21:38] Oh, do I do. I don't want to sort out an ABN. Can you do multiple dropshipping websites with the same ABN? Yeah, you could. Couldn't you? 

Bryce: [00:21:45] I guess so. 

Alec: [00:21:46] Yeah. Well, maybe I'll maybe because my Mechanical Turk thing didn't work. I'm going to join you in the Dropshipping journey. 

Bryce: [00:21:53] Okay. 

Alec: [00:21:54] I'll get to find a product. 

Bryce: [00:21:58] Have a look. Check it out. So where I'm at at the moment is we're really now going down the path of building out more product. And also there's a whole heap of back end stuff to look at customer service, blah, blah, blah. But marketing as well know, so I'll commit to that by next month. 

Alec: [00:22:15] So I guess you told us the password for your website, but by the time this episode goes out, it will not be password protected. Well, the password would be quite ineffective because everyone knows it. So. okay, so you going to launch this month? Oh, we can actually we're going to get are we going to get first sale by the next hundred dollar challenge episode. 

Bryce: [00:22:32] What it'll require is I need a native physical product myself to do a video. So it's going to depend on the shipping times from. 

Alec: [00:22:38] Well, maybe like people might listen to this and say they want a support Bryce. 

Bryce: [00:22:42] True. Well, I've got a pair of Slater Sunnies up. 

Alec: [00:22:46] 24, 99.

Bryce: [00:22:47] 24, 99, polarised of male and female. There's multiple colours as well if you click on the product designer. Seven. Colours available. 

Alec: [00:22:55] One piece of feedback is right now your lens colours just like C1, C2, C3, C4, C5, C6, C7. Let's get a bit of actual colours going on in there. 

Bryce: [00:23:06] Yes. So that's pulling straight from the supplier on fast and loose. 

Alec: [00:23:12] Alright. Well, look, I think that's enough about us. And we should remind ourselves that all of this Dropshipping chart is in aid of a $100 challenge where we're trying to earn some extra money to then invest in the stock market, because we know even a little bit now a couple of pairs of sunglasses here, a weird and wonderful kitchen product there invested over a long period of time, can really add up, but it's not the only way to make money. And the equity mates community have been getting around the hundred dollar challenge. 

Bryce: [00:23:39] Which is great. And we met Nick at the dumb money screening. 

Alec: [00:23:42] Yes. He mentioned that he well, he asked what we were doing for the hundred dollar challenge and then started talking about an idea that he has been pursuing. And you abruptly shut him out and said, Stop talking, put your phone in his face and said, Give me your number. Save it for the podcast. Yes. And that's where we left it. 

Bryce: [00:24:03] Let's give him a call to see how he's trying to earn an extra hundred bucks. 

Nick: [00:24:10] Hello. 

Bryce: [00:24:11] Nick, It's Bryce and Ren from equity mates. How are you going it? 

Nick: [00:24:14] Good thanks, how are you guys?

Alec: [00:24:16] Good. We're good. We're excited to hear about what you've been doing. But maybe. Maybe start with a little bit about yourself and where you're coming from with all this. 

Nick: [00:24:25] Yeah. Yeah. So I'm a 21 year old student from Western Sydney and I'm currently studying to be on the high school teacher. I was on my work placement for the past four weeks, which is unfortunately unpaid, and I was thinking about ways to make a bit of extra cash on the side, and that's when I got into that match betting.

Bryce: [00:24:43] Nice. So the $100 challenge for you then is centred around match betting. So for people who are unaware of it, what is it? 

Nick: [00:24:51] So I'll get into how I found out about it. But I mean, I'm not really like a big, big punter or anything, unlike Bryce and his sport. But yeah, I was having a gaze on since it was like final season and I noticed a bookie was offering boosted odds on some random matches. But basically I did the math. Figured out I could back that team with these boosted odds and then late, late or back the other team with like a certain amount of money or the like. Pretty match betting is just basically when you take advantage of like boosted odds, bonus bets and other promotions to quote unquote bet on the team to win so that you make money regardless.

Alec: [00:25:30] Yeah. Now I've had a little bit of experience with this. Back when I was at uni there was one bookie I can't remember which one that was doing, boosted odds on rugby union. And so what we would do was we would bet on one team with the boosted odds through that bookie, I think the favourite through that bookie. And you'd get like sort of two bucks odds and then you'd bet on the underdog with another bookie and the odds would be above $2. So if the underdog won, you would make money. And if the favourite won with the boosted odds, you'd get your money back. That was a fun little time at uni, so it's a nice throwback, you know. I guess you're at uni and much, match betting continues. Big question is, are you actually making any money doing it?

Nick: [00:26:11] Yes. The name of the game is like the $100 challenge, but I'll give you some numbers. So between the 8th of September and the 22nd of September, so roughly two weeks, I ended up making $1,944.

Alec: [00:26:26] Wow.

Bryce: [00:26:29] That's more than a hundred dollar challenge. 

Nick: [00:26:30] But yeah, I will throw in a little disclaimer. You might not certainly make that much money all the time doing it, but I think what helped was a lot of these like initial sign up. So not not sign up bonuses, but when you sign up, you'll get like deposit bonuses. So, yeah, those those are kind of hefty, which helped out the bulk of it. 

Alec: [00:26:48] Yeah, it's a good time to be doing it, I guess with finals footy, like all these bookies are, you know, pumping the promotion. Um. 

Bryce: [00:26:54] Nick, two caveats for me, I think I also got around this at university and we got around it and it, it went through college, Everyone was getting on it and it got to a point where the sports betting agency shut you down. If they figure out that you're doing this like it's not, it's not that they condone. 

Alec: [00:27:12] Because it's not illegal. It's just like, yeah. 

Bryce: [00:27:14] You're playing the system. Yeah, you're paying the system. And I think also like Ren's point in his situation, you came out even, but obviously it's not always guaranteed that you will not lose money. So I think that just a caveat to those listening that are looking to pick this up, that you can lose money, match betting. 

Nick: [00:27:35] And I think I think like another big risk is like becoming addicted to that buzz, you know what I mean? Like they get from winning money. So it's definitely something that needs to be considered. Like you say, with investing, you don't want your emotions to get the better of you. I guess. 

Alec: [00:27:52] So, Nick The hundred dollar challenge is all about earning or saving a bit of extra money and then putting that money in the stock market because as we keep hitting $100 invested a month over 40 years, the average market right of return turns into $350,000. So the question is, you've made over a grand doing this in a couple of weeks. Um, has any of that gone into your investing account or have you just put it back in it back through the sports betting?

Nick: [00:28:19] Yeah. Yeah. And it was, Yeah. Smart enough to take my money out I guess. But yeah, I just, I DCA into a few different ETFs, but I've also just recently bought into the hype around and Clavier you.

Alec: [00:28:35] Okay getting into the idea yeah yeah. 

Nick: [00:28:38] Yeah yeah we'll see how that goes I guess.

Alec: [00:28:40] Nice, well I think that's a fascinating way to make an extra bit of money. I'm sure it's piqued people's interest. We weren't going to say, you know, what platforms and all that stuff, but if people do want to learn more and maybe figure it out for themselves, what's what were the best resources you used to figure this out?

Nick: [00:28:58] Yeah, so I kind of just happened to stumble across it and then ended up downloading a few different platforms and looking into it more. But I know that there is this one website called Bonus Bank, which seems pretty decent. They have like a free subscription option where you can do some like tutorials on match betting and whatnot. So it's pretty good. 

Alec: [00:29:17] Well, it's a whole other world, but yeah, if people can take some money off the bookies, great. Because I certainly take enough money off Australians. So I love that, Nick, good luck with your studies and I'm sure we'll speak again soon. 

Nick: [00:29:31] Yes, appreciate it guys.

Alec: [00:29:32] Now, Equity Mates, we don't often talk about gambling here on the podcast, but because we have just spoken about match betting, probably worth us saying chances are you're about to lose. For free and confidential support, call 1 800 858858 or visit gamblinghelponline.org.au. 

Bryce: [00:29:53] Well thanks to Nick and if you have $100 challenge idea hit us up at contacted equity mates dot com or on our Instagram we'd love to get you on the show to hear about how you are saving or making an extra hundred dollars but we'll leave it there. Plenty of work to do over the next month. Well I think looking forward to it. We'll pick it up next week.