Millionaire #87

What is your net worth? $7,056,000

At what age did you become a net worth millionaire? 30

What region of New Zealand do you live in? Auckland

How did you accumulate your net worth, what are you invested in? Starting a business

What was your highest average household WEEKLY income after tax? $3,365

What is your career? Semi-retired

Do you have children? Yes

Do you have a tertiary qualification? Yes

Did you inherit any of your money? Yes

If YES, how much did you inherit? $330,000

What's the approximate value of your house? $3,300,000

Are you debt free now? No

If NO, how much debt do you have and what is it for? $539,000

Are you in KiwiSaver? Yes

Were you taught about money? No

What is the most enjoyable thing you do with money? Enjoy our bach/lifestyle block.

Do you use your money or your time to help others? No

What is your greatest financial win?: Selling our business

What is your worst financial mistake? Selling a commercial building at the wrong time.

What advice do you have for others? Focus on the big financial picture and be mindful of where your money goes.

What is the point of having a net worth above $1,000,000. What does it mean to you? Financial freedom and the ability to retire early if we so wish.

Finish these sentences:

If you want to build wealth do this… Focus on assets that will produce a passive income which in turn will become your main income.

If you want to build wealth avoid doing this… Spending on big ticket fun things before having an income producing asset base.

Millionaire #88

Millionaire #86