What is your net worth? $1,120,000
Are you filling this out as an individual or a couple? Couple
At what age(s) did you become a net worth millionaire? 45
What region of New Zealand do you live in? Christchurch
How did you accumulate your net worth, what are you invested in? Term deposit, Hatch, Kernal
What was your highest average household WEEKLY income after tax? $6,500 (I think this is monthly, Ruth)
What is your career? Teacher
Do you have children? YES
Do you have a tertiary qualification? YES
Did you inherit any of your money? YES
If YES, how much did you inherit? $40,000
What's the approximate value of your house? $850,000
Are you debt free now? Yes
If NO, how much debt do you have and what is it for? $20 on credit card (I think that can be considered debt free 😉, Ruth)
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? NO
What is your greatest financial win? Owning our house
What is your worst financial mistake? Not investing
What is the point of having a net worth above $1,000,000. What does it mean to you? I need to save more
Finish these sentences:
If you want to build wealth do this… Invest
If you want to build wealth avoid doing this… Spending