Millionaire #131

What is your net worth? $1,230,000

At what age did you become a net worth millionaire? 35

What region of New Zealand do you live in? London, UK

How did you accumulate your net worth, what are you invested in? My partner bought a flat in 2007 and made her regular payments into her mortgage and sold it in 2020. We used the equity from that to buy a 3 bedroom house. In addition, we heavily invest into our workplace pension funds, and Vanguard ETF products. We also inherited $100,000 NZD when one of our parents died in 2020. We try to spend as little as we can save as much as possible.

What was your highest average household WEEKLY income after tax? $3,800

What is your career? IT Relationship Management and HR business partner

Do you have children? NO

Do you have a tertiary qualification? NO

Did you inherit any of your money? YES

If YES, how much did you inherit? $100,000

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

Are you debt free now? NO

If NO, how much debt do you have and what is it for? $666,000 - all mortgage

Are you in KiwiSaver? NO

Were you taught about money? NO

What is the most enjoyable thing you do with money? Go to café

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

If YES, can you please elaborate. Donate money to WWF and other charities.

What is your greatest financial win? Buying Vanguard ETF

What is your worst financial mistake? I knew I wanted to buy a house in a few months, but I kept money in the markets in Q4 (forth quarter of) 2018. Right before the markets went down and I lost 5% of my deposit money in the months before buying.

What advice do you have for others? Buy (share investments) early and buy often.

What is the point of having a net worth above $1,000,000. What does it mean to you? If I lose my job tomorrow, I don’t need to panic about keeping a roof over my head, food on table.

Finish these sentences:

If you want to build wealth do this… Buy for long-term

If you want to build wealth avoid doing this… Quick-fix.

Millionaire #132

Millionaire #130