What is your net worth? 1,080,000
Are you filling this out as an individual or a couple? Couple
At what age(s) did you become a net worth millionaire? 65
What region of New Zealand do you live in? Southland
How did you accumulate your net worth, what are you invested in? Home, classic car, investment, and KiwiSaver.
What was your highest average household WEEKLY income after tax?: $120,000. (Ruth here: I suspect this is the annual gross income. $2,307 weekly, gross)
What is your career? Contractor and administration
Do you have children? YES
Do you have a tertiary qualification? NO
Did you inherit any of your money? NO
What's the approximate value of your house? $500,000
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? Save first
Do you use your money or your time to help others? NO
What is your greatest financial win? KiwiSaver
What is your worst financial mistake? Not joining KiwiSaver earlier
What advice do you have for others? Save first - always
What is the point of having a net worth above $1,000,000. What does it mean to you? Financial freedom in retirement.
Finish these sentences:
If you want to build wealth do this… Save 8 - 10% of your income.
If you want to build wealth avoid doing this… Buying new cars.