What is your net worth? $3,000,070
Are you filling this out as an individual or a couple? Couple
At what age(s) did you become a net worth millionaire? 51 and 60
What region of New Zealand do you live in? Currently in Western Australia but relocating back to Rangitikei in the next year or two.
How did you accumulate your net worth, what are you invested in? Four properties. Two in NZ, and two in Australia. Shares (Aus and NZ). Super funds (Aus and NZ).
What was your highest average household WEEKLY income after tax? $2,750
What is your career? Safety Advisor and Light vehicle mechanic/builders trade assistant.
Do you have children? NO
Do you have a tertiary qualification? NO
Did you inherit any of your money? YES
If YES, how much did you inherit? Husband inherited $700,000
What's the approximate value of your house? $500,000
Are you debt free now? NO
If NO, how much debt do you have and what is it for? Approx $326,000 on two mortgages. One in NZ is $50,000, and one in Australia is $276,000.
Are you in KiwiSaver? YES
Were you taught about money? YES
If YES, how were you taught? I taught myself in my late 40s.
What is the most enjoyable thing you do with money? Help others. I gift $75 each week to my mother. I have a Pearler (like Sharesies) micro account for my niece and nephew.
Do you use your money or your time to help others? YES
If YES, can you please elaborate. Volunteer at Roebourne Races and am a committee member for a local Heritage Group.
What is your greatest financial win?: Two properties are mortgage free
What is your worst financial mistake? Buying camper trailers. Not having the financial knowledge in my 20s to invest. I was never taught about investing - now I see it’s a no brainer.
What advice do you have for others? Start investing young and commit to investing regularly
What is the point of having a net worth above $1,000,000. What does it mean to you? Freedom to do what I want and buy what I want if I need it.
Finish these sentences:
If you want to build wealth do this… Start investing regular amounts in your 20s and continue this through your whole life. Buy quality items. Be generous.
If you want to build wealth avoid doing this… Avoid buying brand new cars that only lose value. Buying things that gather dust in your house.