What is your net worth? $1,300,000
At what age did you become a net worth millionaire? 41
How did you accumulate your net worth, what are you invested in? By working my ass off as a freelance copywriter and investing in property.
What was your highest average household WEEKLY income after tax? Was or is? Currently I’m living off passive income of around $600 a week after tax and after mortgage payments, plus any extra I make as a freelance copywriter.
What is your career? Freelance copywriting and property investment.
Do you have children? NO
Do you have a tertiary qualification? YES
Did you inherit any of your money? YES
If YES, how much did you inherit? My Grandad died when I was 26 and I inherited $70,000, which I invested into my second property.
What's the approximate value of your house? $600,000
Are you debt free now? NO
Are you in KiwiSaver? NO
Were you taught about money? NO
If YES, how were you taught? I wasn’t taught but I was brought up with good financial sense.
What is the most enjoyable thing you do with money? Holidays
Do you use your money or your time to help others? YES
What is your greatest financial win? Working for the Labour government - seriously.
What is your worst financial mistake? Buying an apartment in a leaky building.
What advice do you have for others? If you want to be financially comfortable you have to make lots of sacrifices, and take calculated risks with your money. Also, think hard before you have kids!
What is the point of having a net worth above $1,000,000. What does it mean to you? Passive income - I now work because I want to, not because I have to. I also have more time to give back and pay it forward.
Finish these sentences:
If you want to build wealth do this… Save. Save. Save. Invest. Invest. Invest.
If you want to build wealth avoid doing this… Spending on frivolous things. Following fashion. Dining or drinking out too often. Holidaying too often. Having credit card or high interest debt. Hire purchases.