What is your net worth? $1,400,000
At what age did you become a net worth millionaire? 61
What region of New Zealand do you live in? Manawatu
How did you accumulate your net worth, what are you invested in? Property (now sold except for our own home). NZ Funds, Booster KiwiSaver and cash.
What was your highest average household WEEKLY income after tax? $850
What is your career? Retired
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? $1,000,000
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? Spend on my hobby.
Do you use your money or your time to help others? YES
If YES, can you please elaborate? Have helped two children with deposits on homes.
What is your greatest financial win? Selling the rentals.
What is your worst financial mistake? Not starting much earlier in investment property.
What advice do you have for others? Save and read about investing.
What is the point of having a net worth above $1,000,000? What does it mean to you? Being financially comfortable and not having to worry about paying those unexpected Bill's.
Finish these sentences:
If you want to build wealth do this… Read The Barefoot Investor.
If you want to build wealth avoid doing this… Spending every cent you earn.