What is your net worth? $3,500,000
Are you filling this out as an individual or a couple? Couple
At what age(s) did you become a net worth millionaire? 60
What region of New Zealand do you live in? Auckland
How did you accumulate your net worth, what are you invested in? Salaries, investments, bonus, and shares
What was your highest average household WEEKLY income after tax? $10,500
What is your career? Retail
Do you have children? NO
Do you have a tertiary qualification? YES
Did you inherit any of your money? NO
What's the approximate value of your house? $1,500,000
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? Donate to charities and give gifts.
Do you use your money or your time to help others? YES
If YES, can you please elaborate. Donations, and volunteer mainly with animal welfare charities.
What is your greatest financial win? Becoming debt free before retiring from paid employment.
What is your worst financial mistake? Not going into index funds sooner.
What advice do you have for others? Index funds
What is the point of having a net worth above $1,000,000. What does it mean to you? Independence
Finish these sentences:
If you want to build wealth do this… Look at all frivolous spending, review all ad hoc expenses, and use low fee investing.
If you want to build wealth avoid doing this… Spending too much on nice to haves.