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.”