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)
Honestly something I wish I had read straight out of high school and will recommend to everyone I know.
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
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
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
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
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
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.
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 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
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
The only ...more
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.
Overall I like his financial approach, and I wish I'd had this book ...more
A friend at work was raving about this book that she said has helped her save thousands this year alone. She brought her copy in for me to read, but she needed it back within a few days for the holidays. This means that I had to read this quickly and this means that Mr Pape and I were having a few teething issues, issues that we may not have had if we had a longer courtship :-P.
Don't get me wrong. I love a good Dad joke (even if I am usually the one saying the joke) and ...more
The Barefoot Steps are simply laid out and would be easy to follow but I did feel that there were a few things that were somewhat glossed over....I guess to get you to sign up for his Barefoot Blueprint 😊
I certainly learned ...more
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
First of all: this is a masterful piece of nonfiction writing. This is like if A/B testing was done for books to the nth degree: the content is honed. The short sentences, flowing pages - it all makes you feel smarter, like you're grasping the world of finance in a way you'd normally need a degree to do.
As for his actual content - it's great strategies for saving, and especially ...more
The writing is simple and easy to read - it's certainly written to be accessible to people who n ...more
Last year it was the Life Changing Magic of Tidying Up (which I'm still trying to enact in my everyday life to varied success,) this year I went with The Barefoot Investor, as my plans this year were to just save money.
This book makes it sound very simple. No budgets, just "buckets". Specifically "Blow", "Mojo" and "Grow" buckets (or bank accounts, if you will.)
I think Scott Pape might occasionally suffer from Wh ...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
With that aside, I can appreciate the fact that this book provides everyday Australian's with a simple, easy to follow budget and financial strategy for life. It suits the Australian dream, buy a house, pay off the house, then work towards retirement.
The budgeting strategy is pure gold. Scott shares my disdain for the large retailers and their "no interest for XX months" ...more
I finished the copy I borrowed from the library, and even though I gave my son a copy for Christmas, I will buy another copy for myself. This way my husband can read it as well and can participate in our barefoot date nights! I'm ready to put all the steps into practice and I already feel happier knowing that "I've got this!"
I would absolut ...more
Anyway, last weekend I was at a birthday party and was talking to someone who raved about how this book changed his ...more
I had seen this book on bookshop shelves and knew it was a bestseller, but as I had read other 'money' books in the past that hadn't made much sense to me, I didn't felt the pull to pick it up, even though the name intrigued me.
Fast forward six months, a blog I follow highly recommended it so I decided there was no harm in grabbing it from the library and having a bit of a flip through.
Well, I have read it cover to cover in two days, and will now be popping down to the shops to ...more
His laid back, 'every-man' style of speaking/writing is clear and simple enough for everyone to understand. It's definitely given me some food for thought about finances and I can see myself coming back to it again and again as I progress though the motions that is life.
I am so excited to go on my first Barefoot date and get my finances in order.
Scott Pape in this book turns boring personal (scary) finance into a fun adventure.
Going on dates, embracing an Alpaca attitude, opening a Splurge account, “getting your Mojo, baby!”, domino-ing your debt, investing in your super and shares, saving for your forever home and planning your retirement with the Don Bradman Retirement Strategy! It’s amazing!
I feel like my life ...more
Its unlike other finance self-help non-fiction, in regards to the fact that he actually names banks/institutions which he uses. Firm concrete numbers to help you on your way as well as scripts to help you speak to the people managing you ...more
It's missing a star because despite all the great things about it, I still feel a lot of what he says is 'you can have financial freedom and security - as long as you ...more