Millionaire #175

What is your net worth? $2,090,00

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

At what age(s) did you become a net worth millionaire? 40's

What region of New Zealand do you live in? Auckland

How did you accumulate your net worth, what are you invested in? Through property

What was your highest average household WEEKLY income after tax? $2,400

What is your career? Retail branch manager

Do you have children? YES

Do you have a tertiary qualification? NO

Did you inherit any of your money? YES

If YES, how much did you inherit? $100,000

What's the approximate value of your house? 1,300,000

Are you debt free now? NO

If NO, how much debt do you have and what is it for? We have no mortgage on our family home. Farm for retirement has a mortgage of $158,000. We have a factory for retirement income with a mortgage of $124,000.

Are you in KiwiSaver? YES

Were you taught about money? NO

What is the most enjoyable thing you do with money? I love saving...

Do you use your money or your time to help others? NO

What is your greatest financial win? Selling our rental at the right time and using the money to clear as much debt as possible.

What is your worst financial mistake? Getting a horse off a friend - they live forever and do nothing but cost you money.

What advice do you have for others? Save and buy what you need with cash. Don’t get a credit card. Don’t use any type of ‘buy now pay later’ scheme. Don’t buy a horse for you or your children!

What is the point of having a net worth above $1,000,000. What does it mean to you? We know when we are ready to make the shift to our farm we can sell the family home and will have money to invest for a passive income and money to have a dream lifestyle.

Finish these sentences:

If you want to build wealth do this: Save, put money into Kiwisaver... and know where your money is going.

If you want to build wealth avoid doing this: Don’t live beyond your means...

Millionaire #176

Millionaire #174