What is your net worth? $1,234,000
At what age did you become a net worth millionaire? 35
How did you accumulate your net worth, what are you invested in? Property (main house), KiwiSaver, shares.
What was your highest average household weekly income after tax? $2,400
What is your career? Online Manager
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? $900,000
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? Spend it on travel.
Do you use your money or your time to help others? YES
What is your greatest financial win? Focusing on paying down the mortgage.
What is your worst financial mistake? Bad investment and removing money from the market at a low point.
What advice do you have for others? Pay down debt and save, save, save. Stop buying junk and frittering away money.
What is the point of having a net worth above $1,000,000. What does it mean to you? Not a lot at this point as we need a lot more liquidity and savings. You can’t buy groceries with a house!
Finish these sentences:
If you want to build wealth do this… Invest early and often.
If you want to build wealth avoid doing this… Buying expensive cars, homewares, clothing and restaurant food.