Millionaire #142

What is your net worth? Approx $1,200,00

Are you filling this out as an individual or a couple? Individual

At what age(s) did you become a net worth millionaire? 60

What region of New Zealand do you live in? Manawatu-Whanganui

How did you accumulate your net worth, what are you invested in? A paid-off house, KiwiSaver, Managed Funds and an inheritance.

What was your highest average household WEEKLY income after tax? $1,500

What is your career? Nurse

Do you have children? NO

Do you have a tertiary qualification? YES

Did you inherit any of your money? YES

If YES, how much did you inherit? $300,000 (2 separate inheritances)

What's the approximate value of your house? $700,000

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? Give to others

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

If YES, can you please elaborate? Free childcare for friends, gifts of money for young extended family members, charity donations, care for my elderly family.

What is your greatest financial win? Investment gains in last 5 years.

What is your worst financial mistake? Not knowing about how to invest earlier.

What advice do you have for others? Start early, invest outside KiwiSaver, educate yourself, don't mistake conspicuous consumption and consumer goods for financial success. Don't believe you are entitled to a certain standard of living.

What is the point of having a net worth above $1,000,000? What does it mean to you? Security, freedom to leave my job to care for my mother before she died. Time to follow interests.

Finish these sentences:

If you want to build wealth do this… Save before you spend. Don't save what is ‘left over’, instead pay your savings first.

If you want to build wealth avoid doing this… Do not equate your worth as a person with the money you spend. Avoid comparing yourself with others.

Millionaire #143

Millionaire #141