Millionaire #164

What is your net worth? $1,600,000

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

At what age(s) did you become a net worth millionaire? 44

What region of New Zealand do you live in? Waikato

How did you accumulate your net worth, what are you invested in? An owner-occupied property and then upgrading once mortgage free. We also have rental property.

What was your highest average household WEEKLY income after tax? $2,500

What is your career? Manager

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? $1,4000,000

Are you debt free now? NO

If NO, how much debt do you have, and what is it for? $900,000 on rental property

Are you in KiwiSaver? YES

Were you taught about money? NO

What is the most enjoyable thing you do with money? Make it work for me!

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

If YES, can you please elaborate. I enjoy speaking to friends and family about becoming debt free. A career change into this field is on the cards.

What is your greatest financial win? Being mortgage free twice by 40 whilst paying off a student loan and having parental leave (all on pretty average salaries)

What is your worst financial mistake? Not saving and investing early enough.

What advice do you have for others? Start early, even with just a few dollars, and start building the habits.

What is the point of having a net worth above $1,000,000. What does it mean to you? Getting financial freedom which will allow us options in the future to switch careers.

Finish these sentences:

If you want to build wealth do this: Start from an early age and diversify if you can.

If you want to build wealth avoid doing this: Spending it or putting it all in one kind of investment.

Millionaire #165

Millionaire #163