What is your net worth? $6,000,000
Are you filling this out as an individual or a couple? Couple
At what age(s) did you become a net worth millionaire? 44
What region of New Zealand do you live in? Auckland
How did you accumulate your net worth, what are you invested in?: Property/commodities
What was your highest average household WEEKLY income after tax? $4,000
What is your career? Customer Services
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? $300,000
What's the approximate value of your house? $2,900,000
Are you debt free now? NO
If NO, how much debt do you have and what is it for? $7,000,000 for investment properties
Are you in KiwiSaver? YES
Were you taught about money? NO
What is the most enjoyable thing you do with money? Changing my phone every six months - wife hates it!
Do you use your money or your time to help others? YES
If YES, can you please elaborate. Helping friends/family members
What is your greatest financial win? Creating a great property portfolio with great consistency
What is your worst financial mistake? Some bad property buying decisions
What advice do you have for others? Avoid buying depreciating assets like cars on debt. Do not have a credit card if you cannot pay it in full on a monthly basis. Create a habit of recording your earnings and expenses.
What is the point of having a net worth above $1,000,000. What does it mean to you? It makes me feel proud
Finish these sentences:
If you want to build wealth do this… Invest in appreciating assets like real estate/shares - you have to be in it to win it. Hold them for as long as you can.
If you want to build wealth avoid doing this… Avoid buying depreciating assets like cars on debt. Do not have a credit card if you cannot pay it in full on a monthly basis.