What is your net worth? $1,600,000
At what age did you become a net worth millionaire? At 45
What region of New Zealand do you live in? Waikato
How did you accumulate your net worth, what are you invested in? Property, stock, shares
What was your highest average household WEEKLY income after tax? $2,000
What is your career? Self-employed agricultural 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? $1,000,000
Are you debt-free now? NO
If NO, how much debt do you have and what is it for? $600,000 mortgage
Are you in KiwiSaver? YES
Were you taught about money? YES
If YES, how were you taught? Parents and reading
What is the most enjoyable thing you do with money? Travel
Do you use your money or your time to help others? YES
If YES, can you please elaborate. Tutoring
What is your greatest financial win? Property - subdivided a section off.
What is your worst financial mistake? Selling our first home too soon.
What advice do you have for others? Read Barefoot Investor ASAP
What is the point of having a net worth above $1,000,000. What does it mean to you? Not much until we have no debt.
Finish these sentences:
If you want to build wealth do this… Read The Barefoot Investor.
If you want to build wealth avoid doing this… Spending over 60% on daily expenses.