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? 34
What region of New Zealand do you live in? Christchurch
How did you accumulate your net worth, what are you invested in? In my business which I sold 18 months ago. Plus our personal home and two commercial properties.
What was your highest average household WEEKLY income after tax? It was $2,000 per week when I had the business.
What is your career? Currently in between things as I have sold my business. Looking to invest my money.
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? $2,000,000
Are you debt free now? YES
Are you in KiwiSaver? YES
Were you taught about money? YES
If YES, how were you taught? I was taught to keep debt to a minimum and my mother taught me frugalness.
What is the most enjoyable thing you do with money? We had an amazing four month trip to South East Asia with our kids last year... that was a really good way to spend it.
Do you use your money or your time to help others? YES
If YES, can you please elaborate. Board chair at local primary school. Volunteer fire firefighter. Soccer coach and business mentor.
What is your greatest financial win? Running my business for 20+ years and then selling it.
What is your worst financial mistake? Buying a lemon of a vehicle.
What advice do you have for others? Go hard on getting rid of debt.
What is the point of having a net worth above $1,000,000. What does it mean to you? It gives me freedom.
Finish these sentences:
If you want to build wealth do this… Kill your debt and build your war chest of wealth.
If you want to build wealth avoid doing this… Buying s**t you don’t need by trying to keep up with the Joneses!