What is your net worth? $1,630,000
At what age did you become a net worth millionaire? 36
How did you accumulate your net worth, what are you invested in? Property investing.
What was your highest average household WEEKLY income after tax? $1,870
What is your career? Web design but previously a property investor.
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? $1,100,000
Are you debt free now? NO
Are you in KiwiSaver? YES
Were you taught about money? YES
If YES, how were you taught? Save. Be diligent and frugal.
What is the most enjoyable thing you do with money? Buy more property.
Do you use your money or your time to help others? YES
What is your greatest financial win? Don't know.
What is your worst financial mistake? Being over leveraged and losing hundreds of thousands of dollars and half my portfolio. Not watching my cash flow and having too much debt.
What advice do you have for others? Start, stay focused and never quit.
What is the point of having a net worth above $1,000,000. What does it mean to you? Almost financially independent.
Finish these sentences:
If you want to build wealth do this… Buy and hold real estate.
If you want to build wealth avoid doing this… Purchasing lottery tickets, hire purchase and silly spending.
If these questions don’t adequately tell your story, feel free to briefly elaborate here: When you begin it feels impossible. You must leverage your time and money. If you don't have money, leverage someone else's. Stay focused. Being a multi-millionaire isn't the goal. The goal is financial independence. They are very, very different.