What is your net worth? $2,300,000
At what age did you become a net worth millionaire? 45
What region of New Zealand do you live in? Otago
How did you accumulate your net worth, what are you invested in? Property
What was your highest average household WEEKLY income after tax? $4,000
What is your career? Middle 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? $1,020,000
Are you debt free now? YES
Are you in KiwiSaver? YES
Were you taught about money? YES
If YES, how were you taught? Work hard. No debt. i.e. don’t buy if you can't afford it.
What is the most enjoyable thing you do with money? Ability to help family and also to travel.
Do you use your money or your time to help others? YES
If YES, can you please elaborate. I help my family, sister and sister in law.
What is your greatest financial win? Property
What is your worst financial mistake? Bridgecorp
What advice do you have for others? When young buy property. You think it is a stretch but your income will grow.
What is the point of having a net worth above $1,000,000. What does it mean to you? Security
Finish these sentences:
If you want to build wealth do this… Do not get into debt. Or pay it off way quicker than banks want you to.
If you want to build wealth avoid doing this… Credit card debt
If these questions don’t adequately tell your story, feel free to briefly elaborate here: I am all for spending and enjoying life but only if you can afford it. I gamble but don't spend more than I can lose.