What is your net worth? $2,750,000
At what age did you become a net worth millionaire? Maybe 10 years ago
How did you accumulate your net worth, what are you invested in? Passive income from a commercial warehouse. Index funds.
What is your career? Flight Planner
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? $750,000
Are you debt free now? NO
If NO, how much debt do you have and what is it for? $200,000 on the warehouse
Are you in KiwiSaver? YES
Were you taught about money? NO
What is the most enjoyable thing you do with money? Invest in index funds. Grow my eBike business.www.bespokebionicbikes.com
Do you use your money or your time to help others? YES
What is your greatest financial win? Buying my warehouse. Buying a property in Lake Mangakino for $35,000 and selling it within a year for $250,000.
What is your worst financial mistake? Selling a rental property because I had too much credit card debt - when I was stupid with money.
What advice do you have for others? Save save save. Understand that buying shit doesn't make you happy. Connections with family and friends goes a long way to making you happy. Invest in index funds when you are very young and stay the course.
What is the point of having a net worth above $1,000,000. What does it mean to you? Freedom with my time.
Finish these sentences:
If you want to build wealth do this… Spend less, save more and invest the difference in index funds.
If you want to build wealth avoid doing this… Buying shit.
If these questions don’t adequately tell your story, feel free to briefly elaborate here: I will come and see you Ruth, but it'll be at the end of this year when I start job sharing. (I look forward to it! 😁Ruth)