What is your net worth? $1,300,000
At what age did you become a net worth millionaire? 32
How did you accumulate your net worth, what are you invested in? Accumulated by the following points:
1. Saving
2. Investing in shares - got lucky in A2Milk, Trade Me, Charlie’s orange juice
3. Property buying at the right time in Auckland
4. Side hustle - I call it an after hours hobby
5. Number plates flipping (I only touch investment plates)
I am invested in the following
1. Bitcoin
2. Shares ASX (spec stocks)
3. Silver Bullion
4. Term deposit
What was your highest average household WEEKLY income after tax? $87,000 (annually)
What is your career? Sales
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? $630,000
Are you debt free now? NO
Are you in KiwiSaver? YES
Were you taught about money? YES
If YES, how were you taught? I was very lucky, my dad owned his business since 1991.
My dad told me “cash is power, don’t be scared and negotiate hard if you have cash “
Dad also said “never spend all. Income of $100, save $20-40. Pay yourself first before you even think of spending!”
What is the most enjoyable thing you do with money? The most enjoyable thing I do with my money is buying Bitcoin.
I’m a strange weird person, it takes me way too long to think if I wanted a pair of jeans, I can’t justify paying $130 for a pair of Lee branded jeans, but I am OK to spend $10,000 on bitcoins without any stress or thinking!
Do you use your money or your time to help others? YES
What is your greatest financial win? Investing in mining company shares and also scooping up a bunch of investment number plates at $1,000 each.
What is your worst financial mistake? I lost my investment in Pike River Coal Mine. Feeling sorry for people I loaned money out to friends which burnt a lot of bridges and I lost friends over loan advances.
What advice do you have for others? Do not rely on your day time job, always have different streams of income.
Think abundance and go after your piece of the pie.
What is the point of having a net worth above $1,000,000. What does it mean to you? It’s means nothing! Auckland and overall, NZ, is a very expensive place to live in. If you keep thinking about the number $1,000,000 you will get lazy, but if you set yourself a target $5,000,000, you will stay hungry and work towards it.
Finish these sentences:
If you want to build wealth do this… Increase your income stream, build passive income.
If you want to build wealth avoid doing this… Stop been Lazy, stop instant gratification. Know the difference between needs and wants.
If these questions don’t adequately tell your story, feel free to briefly elaborate here: It takes money to make money? That is a method. Look at all the immigrants that came to NZ with nothing and now they own buildings and businesses.