Millionaire #106

What is your net worth? $1,400,000

At what age did you become a net worth millionaire? 30 years old

What region of New Zealand do you live in? Auckland

How did you accumulate your net worth, what are you invested in? Properties and Shares

What was your highest average household WEEKLY income after tax? $2,860 (single) or $5960 (combined husband and I)

What is your career? High School Teacher and husband is a Nurse

Do you have children? YES

Do you have a tertiary qualification? YES

Did you inherit any of your money? NO

What's the approximate value of your house? $2,200,000 - $2,500,00

Are you debt free now? NO

If NO, how much debt do you have and what is it for? $1,000,000 (mortgages)

Are you in KiwiSaver? YES

Were you taught about money? NO

What is the most enjoyable thing you do with money? Spend it on my daughter and dining out.

Do you use your money or your time to help others? YES

If YES, can you please elaborate. Charity donations and spend it on family for emergencies or treats etc.

What is your greatest financial win? Our properties

What is your worst financial mistake? Buying more properties right away rather than waiting.

What advice do you have for others? Knowledge is wealth, always look at ways to upskill and challenge yourself. Take risk, learn new things.

What is the point of having a net worth above $1,000,000. What does it mean to you? It means a lot to us so we can give back to our daughter and to make sure she will be financially stable as she gets older. Because growing up, we’ve from a migrant family and we didn’t have much (our parents would work two jobs to make ends meet and we couldn’t even afford stationery for school) so knowing we have this much net worth is a great milestone for us.

Finish these sentences:

If you want to build wealth do this… Start investing now whether it’s with property or shares or in yourself.

If you want to build wealth avoid doing this… Impress other people. It’s the worst thing you can do.

Millionaire #107

Millionaire #105