What is your net worth? $2,400,000
Are you filling this out as an individual or a couple? Individual
At what age(s) did you become a net worth millionaire? 2018
What region of New Zealand do you live in? Wellington
How did you accumulate your net worth, what are you invested in? Property
What was your highest average household WEEKLY income after tax? $120,000 (annually)
What is your career? Accountant
Do you have children? YES
Do you have a tertiary qualification? YES
Did you inherit any of your money? YES
If YES, how much did you inherit? $200,000
What's the approximate value of your house? $850,000
Are you debt free now? NO
If NO, how much debt do you have and what is it for? $550,000 for two rental properties
Are you in KiwiSaver? YES
Were you taught about money? NO
What is the most enjoyable thing you do with money? Holidays
Do you use your money or your time to help others? YES
If YES, can you please elaborate. I work in a hospice shop 10 hours a week.
What is your greatest financial win? When I renovated houses to sell again.
What is your worst financial mistake? Investing in a business I knew nothing about.
What advice do you have for others? Investigate everything thoroughly that you invest your money into.
What is the point of having a net worth above $1,000,000. What does it mean to you? I don't have to worry if I need to or want to spend money on something.
Finish these sentences:
If you want to build wealth, do this… Start by saving 10% of your income.
If you want to build wealth, avoid doing this… Investing in anything you haven't researched thoroughly.