How to turn $100 a week into $500,000 with ASX shares
Image source: Getty Images
Investing can seem daunting at first — especially if you’re starting small. But here’s the good news: you don’t need a huge salary, a stock-picking superpower, or perfect timing to build serious wealth.
All it takes is consistency, patience, and a long-term mindset.
In fact, by simply investing the equivalent of $100 a week into quality ASX shares or exchange traded funds (ETFs), you could turn that into over $500,000 over time — without taking extraordinary risks.
Let’s break down how it works.
The power of compounding
If you invest $100 per week — or $400 a month — and achieve an average 10% annual return, which is in line with historical averages (but not guaranteed), here’s how your portfolio…