What is your net worth? $4,500,000
Are you filling this out as an individual or a couple? Couple
At what age(s) did you become a net worth millionaire? Not really sure but some time soon after the GFC recovery.
What region of New Zealand do you live in? Auckland region
How did you accumulate your net worth, what are you invested in? Saving for a house and retirement as soon as I started work.
What was your highest average household WEEKLY income after tax? $2,200
What is your career? Naval rating and project and program manager.
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? $1,200,000
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? Being able to help my son through private school, university and into a home.
Do you use your money or your time to help others? YES
If YES, can you please elaborate. Volunteer work in an unrelated area. Board member of a school, and we run community classes and special events.
What is your greatest financial win? After 15 years of working, going to university to get a skill that allowed me to lift my salary.
What is your worst financial mistake? Buying a leaky home - although this hurt financially initially, holding onto it has allowed us to recover from the loss.
What advice do you have for others? Growing wealth is about doing the right thing everyday. There's very few people who become wealthy overnight. It's about setting a goal and being disciplined.
What is the point of having a net worth above $1,000,000. What does it mean to you? Being able to retire early and help family to get ahead.
Finish these sentences:
If you want to build wealth do this… Understand the difference between good and bad debt. Set goals and develop a plan for getting to your goal. Remember wealth is more than just having money; it includes time with loved ones and being able to sleep at night.
If you want to build wealth avoid doing this… Bad debt - cars, credit cards, and keeping up with Mr and Mrs Jones.
If these questions don’t adequately tell your story, feel free to briefly elaborate here: Time fixes bad financial decisions so if you're young, then most situations are recoverable. Being disciplined with money will get you there long before the next get-rich-quick scheme. Getting an education that allows you to earn more is one of the biggest financial superchargers there is.