What is your net worth? $1,400,000
Are you filling this out as an individual or a couple? Couple
At what age(s) did you become a net worth millionaire? 55
What region of New Zealand do you live in? Wellington
How did you accumulate your net worth, what are you invested in? Rental. TRSS (Teachers Retirement Saving Scheme)
What was your highest average household WEEKLY income after tax? $1,000
What is your career? Teacher
Do you have children? YES
Do you have a tertiary qualification? YES
Did you inherit any of your money? YES
What's the approximate value of your house? $200,000 (I suspect this is a typo! - Ruth)
Are you debt free now? NO
If NO, how much debt do you have and what is it for? $600,000 on the house we live in, $100,000 on a rental.
Are you in KiwiSaver? YES
Were you taught about money? NO
What is the most enjoyable thing you do with money? Travel
Do you use your money or your time to help others? YES
If YES, can you please elaborate. Carer for special needs children.
What is your greatest financial win? Buying a rental and it doubling its value in three years.
What is your worst financial mistake? Selling a house at a loss because of the partner I had at the time.
What is the point of having a net worth above $1,000,000. What does it mean to you? Hoping to retire soon.
Finish these sentences:
If you want to build wealth do this: Pay off debt.
If you want to build wealth avoid doing this: Spending everything you get.