The Barefoot Investor: The Only Money Guide You'll Ever Need
That's a bold claim, given there are already thousands of finance books on the shelves.
So what makes this one different?
Well, you won't be overwhelmed with a bunch of 'tips' … or a strict budget (that you won't follow).
You'll get a step-by-step formula: open this account, then do this; call this person, and say this; invest...more
For example, you may not be familiar with the Australian finance terms:
"Two parts of bugger-all" or
"a bees dick"
He talks about superannuation funds (comparable to 401(k)??)
Health insurance is very different between AU & USA
It feels like it will be a quick read and I am sure that the general concepts would probably translate.(less)
Not sure about the advice on relying partially on the pension (will we even still have this government mandated by the time I retire? I'm 30 for reference. Our rapidly ageing population seems to be pointing towards an unsustainable future for the pension), and investing in superannuation (the government alrea ...more
Honestly something I wish I had read straight out of high school and will recommend to everyone I know.
I also couldn't stand all his hypothetical 'this is me, this is you' dialogue throughout, and I'm unconvinced about using Tinder as a metaphor for the best approach for finding a financial advisor. And Barefoot 'date night' as a single person? Taking yourself out for dinner to look at your own bank accounts and superannuation and ca ...more
Overall this book has generally good advice, and is easy to follow. It is a quick read and amusing (Scott has a fun pe ...more
As someone who considers himself well versed in the intricacies of money management I was again struck with awe at how readable the book was for anyone at any stage of their financial learning journey, from the complete beginner for whom this book is eye opening, to a personal finance veteran ...more
Set out in a way that everyone can follow and steps that can be customised to suit each individual, I have taken soooo much from this book!
I just wish I’d read it sooner!
Overall I like his financial approach, and I wish I'd had this book ...more
The only ...more
Personally for me there was too much self-help happy motivational jargon throughout the book, and some pretty unhelpful advice. I don't have the book in front of me now but recall that he talks about just working more if you need more money. A great help to the thousands of under-employed people across the country, no doubt.
He also fails miserab ...more
One thing I disagreed with him on was he believes that paying off the smallest debt is always the best way. This might work on people with mounds of debt that feel hopeless and need a confidence boost on paying ...more
It made me laugh and cry. I want to buy a million of these and give them to strangers.
Just go and buy it - don't borrow it, you'll need to read and re read while on your path to financial freedom.
I love that Scott has covered so many financial situations so easily and in all the same steps. This advice is suitable for those barely making ends meet (or not at all) but also for those who earn mega bucks. It's all relevant.
Just go b ...more
Excellent Book. Practical, Actionable advice. Plenty of directions to financial institutions and personnel for each category of wealth. Definitely one for the shelf in a physical copy.
On the downside, some biased information to support his own arguments, but all done with good intention. I am looking forward to scrutinizing certain sections of this book, when my time comes.
However the advice within (financial literacy, how to pay off debts, don't ignore you're super, how to save, how to be generous with money) is rock solid. I also appreciated the case study examples, and you cant help but appreciate Scott's honesty and own personal lessons.
This book is amazing. It's clear, practical, effective and an easy read. After reading Unshakeable and MONEY Master the Game: 7 Simple Steps to Financial Freedom, this was a bit more easy to implement as it is specifically targeted towards Australia, where the above two books are targeted towards the American economy. Additionally, Scott provides advice that is easy to action.
I would recommend this book to everyone. Even if you just take a few of the steps in the book (which I'll outline ...more
He doesn't half like to waffle on about himself and make crap jokes. I really don't care that he shops at Harvey Norman, what kind of pillow he has or that he didn't care for his wife's first oven. Is is a finance book or a biogr ...more
It nails down to scripts to empower you to talk with your bank manager, super-fund manager, insurance brokers etc; and what to look out for in terms of fees and costs on everyday bank accounts/ ...more
His writing voice is very normie capitalist white Aussie bloke, lots of grating hetero jokes etc. It's also easy to understand and encouraging.
I put off reading this for months because money is boring but I actually enjoyed it and smashed through it in a weekend. Really useful financial literacy primer with a step-by-step guide on how to manage your money. He doesn't consider ethical investment stuff, like ING the bank he recomme ...more
For me there are moral factors in considering banks and investments that he doesn’t consider in this book. Didn’t expect the book to do This because I have different ideals. The main issue was the banks he suggests and investments are connected to bad decisions for the environment. Both UBank and ING invest money in fossil fuels mining. ...more
However I am put off by the mantra throughout the book that attributes your self-worth to financial control. That’s a scary thought and one that I wouldn’t advocate to anyone. So I take the very helpful “date night” advice but avoid the worldview that is encouraged.
It’s a practical guide that will help you motivate and shape your financial six-pack.
It’s written in a pretty understandable language and provides step-by-step instructions that are backed up by reason.
The main touchpoints are how to have banking that is actually beneficial for you, how to choose and what to look for in a superfund and insurance. The book tri ...more