What is your net worth? 1,120,000
At what age did you become a net worth millionaire? 35
How did you accumulate your net worth, what are you invested in? Mainly property, but have recently started with shares.
What was your highest average household WEEKLY income after tax? $127,000 (annually)
What is your career? Recruitment Consultant
Do you have children? YES
Do you have a tertiary qualification? YES
Did you inherit any of your money? NO
What's the approximate value of your house? $800,000
Are you debt free now? NO
Are you in KiwiSaver? YES
Were you taught about money? NO
If YES, how were you taught? Whilst not officially taught about money, my mum is very frugal, as is my sister, so I have adopted many of their ways.
What is the most enjoyable thing you do with money? Travel
Do you use your money or your time to help others? YES
What is your greatest financial win? We were mortgage free on our first property within four years of owning it (a two bedroom townhouse in central Auckland) by the time I was in my early 30's.
What is your worst financial mistake? Being a late adopter of KiwiSaver.
What advice do you have for others? Live within your means, set financial targets and goals, decide what is a priority to you, and don't buy too much stuff!
What is the point of having a net worth above $1,000,000. What does it mean to you? Freedom and security. Ability to work less hours and spend more time with the family and the ability to travel and have adventures.
Finish these sentences:
If you want to build wealth do this… Live within your means and set financial goals and targets that you can work towards.
If you want to build wealth avoid doing this… Buying stuff that you don't really need. And don't buy something unless you have the cash to do so.