What is your net worth? $1,020,000
At what age did you become a net worth millionaire? 58
How did you accumulate your net worth, what are you invested in? Property
What was your highest average household weekly income after tax? $1,471
What is your career? Financial Controller
Do you have children? NO
Do you have a tertiary qualification? NO
Did you inherit any of your money? NO
What's the approximate value of your house? $505,000
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? Dining out.
Do you use your money or your time to help others? YES
What is your greatest financial win? Property price increases.
What is your worst financial mistake? Being a smoker the majority of my adult life.
What advice do you have for others? Spend less than you earn.
What is the point of having a net worth above $1,000,000. What does it mean to you? Independence from being reliant on an employer or the government for income to support myself before reaching pension age.
Finish these sentences:
If you want to build wealth do this… Spend less than you earn.
If you want to build wealth avoid doing this… Confusing needs and wants.
If these questions don’t adequately tell your story, feel free to briefly elaborate here: Saving has more importance to me than investing. Surplus cash gives me options and security which is terribly conservative and not a good example for anyone wanting to build wealth.