What is your net worth? $2,500,000
Are you filling this out as an individual or a couple? Couple
At what age(s) did you become a net worth millionaire? 50 & 52
What region of New Zealand do you live in? Bay of Plenty
How did you accumulate your net worth, what are you invested in? House, Bach, KiwiSaver and a few shares
What was your highest average household WEEKLY income after tax? $2,400
What is your career? Both of us are nursing
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? $1,200,00 & $950,000
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? Enjoy our Bach & holidays (pre Covid)
Do you use your money or your time to help others? YES
If YES, can you please elaborate. Financial help to children. Paid off daughter’s student loan and paid her rent while studying for three years. $15,000 for son towards home deposit.
What is your greatest financial win? Paying mortgages off early & cutting down work hours by one day a fortnight.
What is your worst financial mistake? Job choice. Both of us are nurses & still waiting for pay equity claim.
What advice do you have for others? Avoid debt, and pay off your mortgage as soon as possible.
What is the point of having a net worth above $1,000,000. What does it mean to you? Financial security. We have choices now and in the future. It minimises stress regarding money.
Finish these sentences:
If you want to build wealth do this: Live within your means and avoid debt. Consider purchases - do you really want or need it?
If you want to build wealth avoid doing this: Impulse buys. Trying to keep up with others.