What is your net worth? $2,100,000
At what age did you become a net worth millionaire? 35
How did you accumulate your net worth, what are you invested in? Saved, worked consistently, bought property and invested.
What was your highest average household WEEKLY income after tax? $5,000 (husband & wife)
What is your career? Scientist/business analyst/mother
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? $2,000,000
Are you debt free now? NO
Are you in KiwiSaver? YES
Were you taught about money? NO
If YES, how were you taught? I taught myself by reading and learning in my early 20s.
What is the most enjoyable thing you do with money? Protect my family - legacy and insurances.
Do you use your money or your time to help others? YES
What is your greatest financial win? Myself - being educated.
What is your worst financial mistake? Not investing in share market earlier in life and not reinvesting dividends.
What advice do you have for others? Stop making thoughtless purchases. Keep your car forever. Spreadsheet all expenses and savings. For the women - Don’t be scared to think hard about complex financial things!!
What is the point of having a net worth above $1,000,000. What does it mean to you? A legacy for my family. Freedom to make changes.
Finish these sentences:
If you want to build wealth do this… Lower spending and start saving regularly - invest your savings in low fee index shares.
If you want to build wealth avoid doing this… Pissing your money up the wall. Learn to cook.