What is your net worth? $5,000,000
At what age did you become a net worth millionaire? 45
What region of New Zealand do you live in? Auckland
How did you accumulate your net worth, what are you invested in? Mainly residential real estate in Auckland.
What was your highest average household WEEKLY income after tax? $3,100
What is your career? Customer Services
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? $2,000,000
Are you debt-free now? NO
If NO, how much debt do you have and what is it for? $3,500,000 for investment properties
Are you in KiwiSaver? YES
Were you taught about money? NO
What is the most enjoyable thing you do with money? Freedom to not worry about money, it is just there if you need it.
Do you use your money or your time to help others? YES
If YES, can you please elaborate? Sponsoring underprivileged kids in Asia.
What is your greatest financial win?: Buying my own house which is mortgage free now.
What is your worst financial mistake?: Could have bought better but that's just an afterthought
What advice do you have for others? Start early, save hard, be disciplined with the money, keep your wife happy and she will look after you.
What is the point of having a net worth above $1,000,000? What does it mean to you? It just makes me feel secure.
Finish these sentences:
If you want to build wealth do this… Save and invest. Sooner rather than later.
If you want to build wealth avoid doing this… Buying depreciating assets like cars, electronics on the full RRP.