Millionaire #79

What is your net worth? $1,025,000

At what age did you become a net worth millionaire? 44

What region of New Zealand do you live in? Taranaki

How did you accumulate your net worth, what are you invested in? Houses and Shares.

What was your highest average household WEEKLY income after tax? $1,600

What is your career? Postie

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? $125,000

What's the approximate value of your house? $380,000

Are you debt free now? NO

If NO, how much debt do you have and what is it for? $800,000 for rental houses

Are you in KiwiSaver? YES

Were you taught about money? YES

If YES, how were you taught? Grandparents and Robert Kiyosaki book

What is the most enjoyable thing you do with money? Family holidays

Do you use your money or your time to help others? YES

If YES, can you please elaborate. Not sure if this counts but we give a lot to charity shops.

What is your greatest financial win? Selling Xero shares for more than double what we paid.

What is your worst financial mistake? Buying a rental house in a bad area.

What advice do you have for others? Live frugally and Invest weekly. Buy investment property.

What is the point of having a net worth above $1,000,000. What does it mean to you? Freeeedommmm!!!!!!!!!!!!!

Finish these sentences:

If you want to build wealth do this… Buy a house. Buy Index Share Funds every payday.

If you want to build wealth avoid doing this… Spending too much on the latest fashions or fads.

If these questions don’t adequately tell your story, feel free to briefly elaborate here: Try not to buy high and sell low. Unavoidable sometimes.

Millionaire #80

Millionaire #78