What is your net worth? $4,095,000
At what age did you become a net worth millionaire? 47
What region of New Zealand do you live in? Auckland
How did you accumulate your net worth, what are you invested in? Hard work + property investments since 1999 and more recently, shares.
What was your highest average household WEEKLY income after tax? $3,200
What is your career? Public service/data management
Do you have children? NO
Do you have a tertiary qualification? YES
Did you inherit any of your money? YES
If YES, how much did you inherit? $25,000
What's the approximate value of your house? $1,900,000
Are you debt free now? YES
Are you in KiwiSaver? YES
Were you taught about money? NO
What is the most enjoyable thing you do with money? Buy board games
Do you use your money or your time to help others? YES
If YES, can you please elaborate. Rather not say
What is your greatest financial win? Having five rental properties in Auckland from the late 1990's.
What is your worst financial mistake? Selling some rental properties too soon.
What advice do you have for others? Get on the housing ladder any way you can. Rent every spare room until you can afford not to. Buy and hold, don't panic in the short term.
What is the point of having a net worth above $1,000,000. What does it mean to you? Independence, security, freedom.
Finish these sentences:
If you want to build wealth do this… Invest in income generating assets.
If you want to build wealth avoid doing this… Having an overdraft apart from a mortgage.
If these questions don’t adequately tell your story, feel free to briefly elaborate here: I had a few lucky breaks along the way, people helping me out when I was struggling, so now I try to do the same.