What is your net worth? $1,200,000
At what age did you become a net worth millionaire? 06/06/2019
How did you accumulate your net worth, what are you invested in? Auckland property
What was your highest average household WEEKLY income after tax? $2,500
What is your career? Contractor
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? 0
Are you debt free now? NO
If NO, how much debt do you have and what is it for? $700,000 for property
Are you in KiwiSaver? YES
Were you taught about money? YES
If YES, how were you taught? Just standard stuff. Got told to start as early as possible and try not to waste my 20's.
What is the most enjoyable thing you do with money? Honestly at this point it has been all about getting it. We haven't spent a whole lot yet. We did buy a car this year though. That was cool.
Do you use your money or your time to help others? NO
What is your greatest financial win? Bought property for $300k sold for $670k. Used the capital to buy 2 more. Similar gains.
What is your worst financial mistake? Probably not diversifying enough.
What advice do you have for others? Don’t waste your 20s. Hustle hard.
What is the point of having a net worth above $1,000,000. What does it mean to you? Not a lot really. I think for me the magic number is ~$2-3mill. I think at that point you can afford to retire.
Finish these sentences:
If you want to build wealth do this… Save money. Invest it.
If you want to build wealth avoid doing this… Vices. Eating out. Fancy stuff. Live like you are broke.