Millionaire #110

What is your net worth? $2,030,000

At what age did you become a net worth millionaire? 48

What region of New Zealand do you live in? Hawke's Bay

How did you accumulate your net worth, what are you invested in? Our own home and a small investment in a pipfruit packhouse that returned us 6X more than we put in.

What was your highest average household WEEKLY income after tax? Personally $83,000 (annually). Household $233,000 (annually)

What is your career? Compliance & Quality Manager

Do you have children? YES

Do you have a tertiary qualification? NO

Did you inherit any of your money? NO

What's the approximate value of your house? $1,200,000 - $1,300,000

Are you debt free now? NO

If NO, how much debt do you have and what is it for? $355,000 total. $61,000 home mortgage and $295,000 for a rental property mortgage.

Are you in KiwiSaver? YES

Were you taught about money? NO

What is the most enjoyable thing you do with money? Contribute towards my children's university education and give to charities that have meaning to me personally.

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

If YES, can you please elaborate. Small amount to local charities and time volunteering on two local trusts/incorporated societies.

What is your greatest financial win? Investment into pipfruit packhouse

What is your worst financial mistake? Buying a brand new car

What advice do you have for others? Always pay extra on your mortgage and teach your children how to manage money.

What is the point of having a net worth above $1,000,000. What does it mean to you? To be able to live a financially independent life in retirement years.

Finish these sentences:

If you want to build wealth do this… Talk about your finances with your partner and children so you're always on the same page. Always have your own money you can spend on whatever you want. We call this our "pocket money".

If you want to build wealth avoid doing this… Trying to keep up with the Joneses. Avoid being a brand follower.

Millionaire #111

Millionaire #109