What is your net worth? $1,038,905.30
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? Property, Investments and KiwiSaver.
What was your highest average household WEEKLY income after tax? $4,500
What is your career? Work in IT
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? $1,100,000
Are you debt-free now? NO
If NO, how much debt do you have and what is it for? Mortgage of $752,580.00 on this property but my net worth has taken that into account.
Are you in KiwiSaver? YES
Were you taught about money? NO
What is the most enjoyable thing you do with money? The freedom to purchase big-ticket items in cash, if required.
What is your greatest financial win? Not being in dumb debt for years, as in credit card debt, loans etc (except for mortgage).
What is your worst financial mistake? Many moons ago while in my 30’s using my credit card to buy a car.
What advice do you have for others? Learn about investing, BITCOIN, NTFS, Metaverse.
What is the point of having a net worth above $1,000,000? What does it mean to you? Not a lot, but it does place me in a more positive position than my parents were ever in. I have no debt except our mortgage. Our rental is now paying for itself. Currently, I pay for a mortgage and living costs for a family of four, on a single wage.
Finish these sentences:
If you want to build wealth do this… Invest in yourself, learn all you can about how to invest and everything else that comes up like BITCOIN, NTFS etc.
If you want to build wealth avoid doing this… Using credit cards, getting loans for dumb things like cars or big-ticket items. Except for a mortgage but if you can avoid that as well, do that.