What is your net worth? $3,000,000
Are you filling this out as an individual or a couple? Couple
At what age(s) did you become a net worth millionaire? 40
What region of New Zealand do you live in? Auckland
How did you accumulate your net worth, what are you invested in? Property & Shares
What was your highest average household WEEKLY income after tax? $2,700
What is your career? Tradesman
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? $190,000
What's the approximate value of your house? $600,000
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? Travel. Help others.
Do you use your money or your time to help others? YES
If YES, can you please elaborate. Support children in Cambodia
What is your greatest financial win? Codan Ltd (CDA.ASX) (Australian tech company)
What is your worst financial mistake? Penny dreadful stocks (low priced, highly speculative and volatile low cost shares)
What advice do you have for others? Where to begin??? Get financially educated. Live within your means. Start investing early.
What is the point of having a net worth above $1,000,000. What does it mean to you? Financial independence. The luxury of having options & choices.
Finish these sentences:
If you want to build wealth do this… Spend less than you earn. Invest the difference. Do it for a long time.
If you want to build wealth avoid doing this… Nothing.