What is your net worth? $1,250,000
Are you filling this out as an individual or a couple? Couple
At what age(s) did you become a net worth millionaire? 41
What region of New Zealand do you live in? Waimakariri
How did you accumulate your net worth, what are you invested in? Home, work superannuation fund, KiwiSaver, mutual funds.
What was your highest average household WEEKLY income after tax? $4,000
What is your career? Air Traffic Controller and Physiotherapist
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? $850,000
Are you debt free now? NO
If NO, how much debt do you have and what is it for? $100,000 mortgage and $4,000 interest-free store card.
Are you in KiwiSaver? YES
Were you taught about money? NO
What is the most enjoyable thing you do with money? Travel
Do you use your money or your time to help others? YES
If YES, can you please elaborate. Donate gluten-free food and toys with our kids.
What is your greatest financial win? Signing up to work superannuation.
What is your worst financial mistake? Waiting five years to sign up for work superannuation. Wish I did it from day one!
What advice do you have for others? Invest a little often and early. As soon as you start working!
What is the point of having a net worth above $1,000,000. What does it mean to you? The start of changing our family tree!!
Finish these sentences:
If you want to build wealth do this… Invest consistently.
If you want to build wealth avoid doing this…: Keeping up with the Joneses.
If these questions don’t adequately tell your story, feel free to briefly elaborate here: Both grew up in poverty. But both sets of parents pushed education as a way to escape. Learnt about money from books and YouTube in 2017 when kids were young and we were struggling. Dove in head first and gained $900,000 in net worth in 5 years. #budget2017 became our mantra when turning down social engagements at the beginning!!! Work superannuation and KiwiSaver have changed our lives!