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.