What is your net worth? $2,250,000
At what age did you become a net worth millionaire? 35
How did you accumulate your net worth, what are you invested in? Housing, business, commercial property, shares and PIE funds.
What was your highest average household WEEKLY income after tax? $2,850
What is your career? Finance Business Partner
Do you have children? YES
Do you have a tertiary qualification? YES
Did you inherit any of your money? YES
If YES, how much did you inherit? $500,000
What's the approximate value of your house? $1,325,000
Are you debt free now? YES
Are you in KiwiSaver? YES
Were you taught about money? YES
If YES, how were you taught? Books recommended to me by my mother (mostly real estate investing and books like "The Richest Man in Babylon").
What is the most enjoyable thing you do with money? Travelling
Do you use your money or your time to help others? YES
What is your greatest financial win? Having a house in Auckland at the right time.
What is your worst financial mistake? Buying a rental property in the worst street of Manurewa at age 23.
What advice do you have for others? Read Mr Money Mustache's "The Shockingly Simple Math Behind Early Retirement".
What is the point of having a net worth above $1,000,000. What does it mean to you? Not much other than peace of mind as it's currently mostly in our home.
Finish these sentences:
If you want to build wealth do this… Maximise your savings percentage by minimising your biggest expenses (for most people this is housing, groceries and transport).
If you want to build wealth avoid doing this… Lifestyle inflation!
If these questions don’t adequately tell your story, feel free to briefly elaborate here: Nothing to add here other than I think this is a great idea! I would love to have this data-set - we need some good NZ stats on FIRE -)