Millionaire #56

What is your net worth? 1,100,000

At what age did you become a net worth millionaire? 35

How did you accumulate your net worth, what are you invested in? Lucky with one property in Auckland. Inheritance. Now investing in shares. Have a reasonable NZ Defence Force super scheme.

What was your highest average household WEEKLY income after tax? $1,500

What is your career? Pilot

Do you have children? YES

Do you have a tertiary qualification? NO

Did you inherit any of your money? YES

If YES, how much did you inherit? $250,000

What's the approximate value of your house? $800,000

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? Family holidays: Local weekend trips plus overseas holidays.

Do you use your money or your time to help others? NO

What is your greatest financial win? Buying a rundown property in Auckland, renovating and subdividing that property.

What is your worst financial mistake? Buying 2 properties (not investment properties) which we quickly sold to buy others. Costly mistake that one.

What advice do you have for others? Start early and start small.

What is the point of having a net worth above $1,000,000. What does it mean to you? My salary is all mine (no mortgage payments).

Finish these sentences:

If you want to build wealth do this… Use the force (of compounding interest).

If you want to build wealth avoid doing this… Focusing on only one investment stream i.e. residential property or shares.

Millionaire #57

Millionaire #55