Millionaire #90

What is your net worth? $1,200,000

At what age did you become a net worth millionaire? 62

What region of New Zealand do you live in? Auckland

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

House = $600,000

Investments = $600,000

Use a broker for shares, index funds, ETF, bonds, crowdfunding

Invest via Sharesies, Hatch, Harmoney, Squirrel, Kernel, Jasper

What was your highest average household WEEKLY income after tax? $1,500

What is your career? IT

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? $600,000

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 Work part-time. I can do what I want without worrying about money.

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

If YES, can you please elaborate. Educate the younger generation about finance

What is your greatest financial win? Pushpay

What is your worst financial mistake? Tried to time the market

What advice do you have for others?

Have goals and a plan to get there

Educate yourself about finance

Stick to the plan

Be comfortable about your risk level

Put your kids into Kiwisaver as early as possible.

What is the point of having a net worth above $1,000,000. What does it mean to you? Being financially secure and having the freedom to make my own choices.

Finish these sentences:

If you want to build wealth do this… Have a plan and stick to it

If you want to build wealth avoid doing this…

Be clear about needs and wants.

Needs are important, wants are not

“We buy things we don't need with money we don't have to impress people we don't like.”

Millionaire #91

Millionaire #89