What is your net worth? $2,100,000
Are you filling this out as an individual or a couple? Couple
At what age(s) did you become a net worth millionaire? 60
What region of New Zealand do you live in? Bay of Plenty
How did you accumulate your net worth, what are you invested in? Bought property, invested in ETF's, worked hard, and saved every cent we could.
What was your highest average household WEEKLY income after tax? $1,200
What is your career? Database Engineer
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? $980,000
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? Go caravanning, spend money on my hobbies.
Do you use your money or your time to help others? NO
What is your greatest financial win? Bought property at a low price, sold at a high price. Ditto with shares.
What is your worst financial mistake? Did not buy more shares, ETFs at the low of the market.
What advice do you have for others? Work hard, save your money, and don't try to live like the "rich".
What is the point of having a net worth above $1,000,000. What does it mean to you?: Financial freedom, early retirement.
Finish these sentences:
If you want to build wealth do this… Save 10% of your expendable income, pay extra on your mortgage, don't use credit cards. Stay far far away from buy now pay later schemes.
If you want to build wealth avoid doing this… Living like an influencer, if you cant pay cash dont buy.