What is your net worth? $1,090,000
At what age did you become a net worth millionaire? 58
How did you accumulate your net worth, what are you invested in? Family home, savings and sharemarket.
What was your highest average household weekly income after tax? $2,300
What is your career? Seaman
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? $450,000
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? Have choices as to what we can do.
Do you use your money or your time to help others? YES
What is your greatest financial win? Getting my current job.
What is your worst financial mistake? Failing to sell poor investments.
What advice do you have for others? Invest in yourself, your greatest asset.
What is the point of having a net worth above $1,000,000. What does it mean to you? Not much really, comes back to having choices. Not having to meet mortgage payments is great.
Finish these sentences:
If you want to build wealth do this… Keep saving, it allows you to take any opportunity when it presents.
If you want to build wealth avoid doing this… Spending on things you don't really want.