Rhys’s Reviews > The Barefoot Investor: The Only Money Guide You'll Ever Need > Status Update

Some financial advice and books are decent but seriously 95% of what I've read so far is classic charlatan behaviour, he's making these massive and impossible promises while he distorts the way the world actually works.
His two actual pieces of advice aren't very good
1. "put your savings onto a high interest bank account and don't touch it" - there's no bank account that even matches inflation. Bank accounts are barely better than hoarding cash.
2. "Put your as much of your income in to your super because you'll be taxed at a lower rate than income tax"
So, "tax minimization" but in a way you actually can't use that money for literally decades, so it's purely whatever surplus money you have.

The other piece of advice is having a separate bank account for the purpose that it's "out of sight, out of mind" and slightly more difficult to access so you don't treat it as fungible. It's probably the better piece of advice but it's not exactly profound, it just rests on the assumption that readers waste their money on as he has said "keeping up with the Jones's"

I'm annoyed because he literally said "it doesn't matter if you're low income, I helped people get a million dollars by retirement"
He tries to be down to earth by talking about farm shit but he's literally just an accountant. He has this rhetoric of being against bankers but then his advice literally is all about finance through banking