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The Barefoot Investor Kindle Edition
**This Classic Edition has been updated for 2022 and beyond**
THE ALL-TIME #1 AUSTRALIAN BESTSELLER
This is the only money guide you’ll ever need.
That’s a bold claim, given there are thousands of finance books on the shelves.
Yet there’s a reason this book is in one in every 20 Australian homes.
You’ll find out 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.
The Barefoot Steps stand the test of time. In this classic edition, you’ll get the skinny on:
- Saving up a six-figure house deposit in 20 months
- Doubling your income using the ‘Trapeze Strategy’
- Saving $77641 on your mortgage and wiping out almost 7 years of payments
- Handing your kids (or grandkids) a $140000 cheque on their 21st birthday
- Why you don’t need $1 million to retire …with the ‘Donald Bradman Retirement Strategy’
Sound too good to be true? It’s not.
This book is full of stories from everyday Aussies—single people, young families, empty nesters, retirees—who have applied the Barefoot Steps, freed themselves from crippling debt and achieved amazing, life-changing results.
And you’re next.
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From the Publisher
- ASIN : B09YGYTL39
- Publisher : Wiley; 2 edition (19 April 2022)
- Language : English
- File size : 10642 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Enabled
- Word Wise : Enabled
- Print length : 279 pages
- Best Sellers Rank: 21,037 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
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Reviewed in Australia on 10 February 2021
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Top reviews from Australia
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However if you want to retire youngish, and not rely on the govt, because you have enough wealth to support yourself and family in your latter years, then the advise given in this book will ensure you fail.
The author has a narrow and limited understanding of how money works, and lacks both the foresight and insight to advise on any asset classes other than his beloved stock market.
I cant reccommend this book highly enough for anyone wanting practical and achievable advice.
To say I was dismayed by the politicisation of this book and the anti-male bias is speaking mildly. I am also angry to have wasted good money on offensive material.
Scott Pape uses unusually provocative language. The author's narrative dismisses the financial industry as full of cheats, described as ageing, balding, old white men whose principal goal is to cheat innocent people. Not only is that not true, it is insulting at many levels.
Here are some quotes which I believe are offensive, sexist, racist and completely unnecessary to the main message of the book:
"Truth is, buying alpaca as pests is like taking heroin for a headache: they're basically camels without humps, and with the aggression of Tony Abbott" [Tony Abbott was formerly prime Minister of Australia and a long-serving, hard-working Member to his community; "... middle-aged men ruin everything"; "another bunch of (mostly) white, balding men - our nation's politicians - haven't exactly covered themselves in glory."; "Fund managers like to eat at expensive restaurants and drink expensive wine... and then charge it to their expense account. Guess who ultimately picks up the tab? Hard-working super members. It's kind of like the opposite of sponsoring an African kid: 'part of your fees help us feed our (pasty, white, tubby, pin-striped-suit wearing) executive his lobster and wild prawn medley'."; "It was all fairly tame, as these things tend to be. Other financial experts, mainly old white men with far less hair than me (think Kochie) had given their evidence..."; "Case in point, for one of my columns I spent two days researching, interviewing and writing about how money can keep women trapped in violent relationships." Money also traps working men and fathers in violent relationships, so why the gender narrative? Why not just use the word 'people'?
I believe Amazon should remove this book from its website until the author, who himself is making millions as a financial adviser, redresses the offensive commentary.
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/credit cards etc etc. Beating the banker is a key aim, and who doesn't like the idea of that?
It's also got a nice touch of humour which made me giggle in parts.
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.
So it's a good read in terms of language and style, and it has some excellent information that I intend to follow. I don't think I'm chopping up my credit card as he advocates, but beyond that, the amount you need to retire comfortably, and how superannuation will get you there, was the biggest benefit to me. Oh - and the back of the book - stuff about legacy? That's a great reminder that you can't take the whole lot with you when you fall off your perch.
There's a lot in this book about less is more - and you don't need huge incomes to get started (who knew that people earning more than $70k/year are not necessarily happier than those earning less??), you do need to start saving/growing money now though, or as young as you can as the greatest lever for wealth creation is time. Oh, and there are no boring budgets in this book, although there are definite buckets for your money!
Thank you Scott Pape for sharing such insight and knowledge. I have a feeling it's going to become a bit of a Bible.
p.s. I bought this on Kindle sale... I think that speaks to my financial management ;)
Top reviews from other countries
Its supposed to make you 'gaurd your money but instead it just leaves you feeling theirs something not quite right with the guy for thinking it was OK.
Using barefoot implied an element of connection with animals and earth which resonated with me.
Instead there was a lack of empathy using such an upsetting analogy.
Definitely a recommended read