The Barefoot Investor : The Only Money Guide You'll Ever Need, 2018/2019 Edition, 6 Audio CDs Included Audio Book

The Barefoot Investor : The Only Money Guide You'll Ever Need, 2018/2019 Edition, 6 Audio CDs Included Audio Book

Preview — The Barefoot Investor by Scott Pape

Money is awesome and all but honestly, living within your means and having free time to spend with friends and family is more awesome. Is it wise to put all your money in joint bank accounts with your partner? There is nothing in it that is particularly groundbreaking or revolutionary.

I'm so grateful i had stumbled upon the name 'barefoot' when i was younger, as it has now made my life easier to find the information i need to get myself on track (after making the typical silly teenage money mistakes). - ING offers a 2.8% (previously 3%) interest rate and refunds all ATM fees. At the time of writing this I think they extended this ATM rebate fee to be global. After reading this book, I called CBA and said that ING were offering me a better rate. I'd been with CBA since the Dollarmite days and had never thought twice about shopping around.

Probably well intentioned but ultimately not helpful. 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.

This was the easiest and quickest non fiction read I've ever had. Scott knows how to turn something as dry as finance into something engaging to read. Not only that, but he gives you concrete steps to improve your finance and tips about what to look for with no bullshit. Some good, straightforward advice - easy to understand, but presented as sexist and heteronormative and classist AF.

A good chunk of what he suggests is common sense, and I have started implementing some of his suggestions. But as someone not even remotely close to buying my own home yet, I won't even get past Step 3 of his 9-step plan for several years yet. So more than half the book is only theoretically useful at this stage of my life. I figured reading a money guide was an essential first step. Scott outlines 9 other steps I will need to follow if I am to realise my goal.

I certainly learned a few things from reading this book and it has made me want to change/improve on a few things to better our finances. I did however find the continual big 4 bank bashing a little over the top.

Ok, for the average person, a lot of what is said in this book is probably good advice. I guess I underestimated myself with how financially savvy I am because I was already either doing most of what is suggested or it didn’t apply to me. Like all self help books I’ve read I didn’t agree with everything and I don’t believe that one financial plan can fit every persons situation.

To a complete beginner these two concepts alone could prove to be completely life altering in the future. With enough time anyone employed in Australia can comfortably grow their wealth and stop stressing over day to day money management.

• In addition, POPULAR Online provides book-ordering services for customers, especially those who wish to purchase books only available overseas.
• But Australians also don’t generally like to be perceived as promoting themselves.
• He also fails miserably when talking about the "average wage", and bases some of his advice around the idea that a lot of his readers will be (or should be) earning around that amount of money, which is obviously wrong.
• After reading this book, I called CBA and said that ING were offering me a better rate.
• If you're an Australian and you want some personal finance advice without all the rubbish, here's your best bet for a down to earth no jargon book.
• This book will show you how to create an entire financial plan that is so simple you can sketch it on the back of a serviette … and you’ll be able to manage your money in 10 minutes a week.

It showed me the mistakes I've made in the past with money and how to correct them. It taught me how to structure my bank accounts and how to be smart with my income so I'm able to handle financial fires when they happen (like not having a job). It taught me the importance of superannuation, allowed me to weigh up the benefits and negatives of property and introduced me to the world of investing.

I have managed to save some when I've needed to, but usually I'm the kind of person that wants to spend, spend spend. As I found myself unemployed, borrowing money to pay for rent and food and feeling bad about life, I also found Scott's book. This book motivated me to take control of my finances more so than I ever have before.

On the whole, despite this being the only finance book I have ever read, it is certainly the best one I've read. There are enough lame jokes to make the author likeable and enough practical advice to make even a lazy person like me take a few small steps to improve his or her financial situation. Some interesting psychological studies are also cited regarding what makes people happy and statistical data is used to good effect. Look, when it comes to money I can now say, I've got this.

It just felt like the guy who's trying too hard to fit in with people he secretly believes aren't as smart as him. He also fails miserably when talking about the "average wage", and bases some of his advice around the idea that a lot of his readers will be (or should be) earning around that amount of money, which is obviously wrong. There were other instances in the book where he distorts the truth to get his message across.

In conclusion, whilst I don’t think there is anything new or mind blowing in what Scott is suggesting in the book. He covers the basics very well and in an easy to read and enjoyable way. I am sure Average Joe could pick up this book and take some sort of action to improve their financial situation and that in itself is a huge achievement, any sort of action by others prompted from your work is a win. Maybe they will follow the entire book step by step, and I hope they do as the advice is extremely sound for a person in any position. This book provides simple, stressfree, logical and easy to follow advice.

But looking past this - the financial foundations are helpful and great. This book is full of stories from everyday Aussies — single people, young families, empty nesters, retirees — who have applied the simple steps in this book and achieved amazing, life-changing results. This book will show you how to create an entire financial plan that is so simple you can sketch it on the back of a serviette … and you'll be able to manage your money in 10 minutes a week. Goodreads helps you keep track of books you want to read.

My hubby was a fan of Scott Pape's newspaper column, though I've never read it. He tells me that used to have a nice line of humour in it too. Overall, it's an easy to read and fairly sound financial strategy, if a little unnecessarily convoluted in places. He's big on people freelancing and giving up massive amounts of their time to try and pull in some extra money and very dismissive of the criticisms that not everybody can or should freelance. I work in healthcare, I can't exactly start running a clinic out of my garage now can I?

Buy the eBook

Pape avoids complicated Jargon that can often be off putting to new comers and instead lays out a set of simple yet actionable steps that anyone can follow. He argues that with just a few minutes each month and a few small tweaks to the readers lifestyle and money management habits anyone can begin to build long term wealth by following his principles. I strongly encourage any reader to put his steps into place as the immediate effect of these actions will hardly be felt yet the long term benefits will see you living a healthier, wealthier and generally leas stressful lifestyle. I certainly hope that this is 'the only money guide I'll ever need', because right now the thought of ever needing to read a future edition of The Barefoot Investor makes me want to stick pins in my eyes.