Millionaire #201

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.

Millionaire #202

Millionaire #200