What is your net worth? $1,250,000 combined with my husband.
At what age did you become a net worth millionaire? 47 and 53
How did you accumulate your net worth, what are you invested in? Term Deposits, Shares, Managed Funds, KiwiSaver, Property (a section)
What was your highest average household WEEKLY income after tax? Joint income of $1875 and we now only work four days a week.
What is your career? Administrator and Supervisor
Do you have children? YES
Do you have a tertiary qualification? NO
Did you inherit any of your money? NO
What's the approximate value of your house? $975,000
Are you debt free now? YES
Are you in KiwiSaver? YES
Were you taught about money? NO
What is your greatest financial win? Paying off the mortgage early.
What is your worst financial mistake? Not starting to save sooner.
What advice do you have for others? Live below your means and save as much of your weekly income as possible. Budget, budget, budget!
What is the point of having a net worth above $1,000,000. What does it mean to you? It gives us more freedom and choices.
Finish these sentences:
If you want to build wealth do this… Have a budget and set BIG goals. Short term, medium term and long term. Pay off your credit card every month. Just do “something” and once you get used to it you don’t even miss the money.
If you want to build wealth avoid doing this… Stop buying shit you don’t need. You don’t need the newest cell phone, car or latest gadgets. Save as much as you can, I’m talking 50% of your income or the most you can possibly save.