Millionaire #181

What is your net worth? $5,500,000

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

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

What region of New Zealand do you live in? Taupo

How did you accumulate your net worth? What are you invested in? Residential property and KiwiSaver

What was your highest average household WEEKLY income after tax? $6,000

What is your career? Veterinarian

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? $85,000

What's the approximate value of your house? $900,000

Are you debt free now? NO

If NO, how much debt do you have and what is it for? $850,000 for residential property debt. Our primary residence is debt free.

Are you in KiwiSaver? YES

Were you taught about money? NO

What is the most enjoyable thing you do with money? Spend money on outdoor gear for family adventures.

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

What is your greatest financial win? 2021 sell-off of three houses during the Covid property boom.

What is your worst financial mistake? Trying to flip houses.

What advice do you have for others? Live within your means. Consistently save. Leverage up sensibly.

What is the point of having a net worth above $1,000,000. What does it mean to you? Work less. More quality time with family. Feeling of security in retirement.

Finish these sentences:

If you want to build wealth do this… Be patient.

If you want to build wealth avoid doing this… Be inconsistent.

Millionaire #182

Millionaire #180