What is your net worth? $980,000 (Close enough!)
Are you filling this out as an individual or a couple? Couple.
At what age(s) did you become a net worth millionaire? 63.
What region of New Zealand do you live in? Southland.
How did you accumulate your net worth? What are you invested in? Invested a redundancy payment of $200,000 in 1999. Always saved 5-8% of our income. Both have KiwiSaver.
What was your highest average household WEEKLY income after tax? $1,000.
What is your career? Contracting and Administration.
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? $450,000.
Are you debt free now? YES.
Are you in KiwiSaver? YES.
Were you taught about money? NO.
What is the most enjoyable thing you do with money? See it grow steadily.
Do you use your money or your time to help others? YES.
If YES, can you please elaborate. Family holidays.
What is your greatest financial win? Redundancy for my husband.
What is your worst financial mistake? Not having enough understanding of compound interest and building finances in general.
What advice do you have for others? Talk about money. Start savings early and join KiwiSaver.
What is the point of having a net worth above $1,000,000. What does it mean to you? To have a comfortable life long after you finish earning an income. Freedom to choose.
Finish these sentences:
If you want to build wealth do this… Ask others how they do it. Always save before you spend.
If you want to build wealth avoid doing this… Living beyond your means.