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Statistics New Zealand recently updated their household net worth data, and we are about to take you through what you need to have in terms of Net Worth to be considered in the top 1%, 5%, 10% and 50% of wealth in New Zealand. As always with data like this you need to be careful not to read too much into this or compare yourself too much but their are lessons we can take from it too and start thinking about our businesses now and into the future. Get our $20,000 business planning tool for free: https://nextadvisory.nz/ If you're interested in working together in other ways: let's connect over a quick call: https://calendly.com/philsmith/ Instagram: / nextadvisory.nz 0:00 Intro 5:10 Beyond property: shares, bonds, pensions, businesses 6:38 Thresholds: Top 10%, Top 5%, Top 1% 13:39 Staying the course: consistency, compounding, long-term returns 14:06 KiwiSaver went from $100k to $150k in 15 months; why the first $100k matters 16:11 Treating a business as an asset 19:01 Headlines vs reality 26:33 Median Individual Net Worth by Age brackets