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Going barefoot

The Barefoot Investor, Scott PapeAround 12 years ago, I bought my first ever personal finance book, Scott Pape’s ‘The Barefoot Investor: Five Steps to Financial Freedom’.

Now, over a decade later, The Barefoot Investor has released his second book, ‘The Only Money Guide You’ll Ever Need’.

“Woah!” I thought when I saw the new book title, “‘The Only Money Guide You’ll Ever Need’? That’s a bloody big call Scott Pape!”

However, unlike most movie sequels, this book is actually, well… good.

Scott’s ethos is one that I share: those that get into debt to maintain a façade of wealth and status by buying fancy cars and houses they can’t afford will never be financially independent.

How does it work?

Far from providing readers with unrealistic goals or vague motivational speaker type babbling, The Barefoot Investor puts you in a position to live life on your own terms, or to use Scott Pape’s own phrase, “tread your own path”.

‘The Only Money Guide You’ll Ever Need’ is divided into three sections: planting, growing and harvesting your wealth. These sections will help you tackle banking, superannuation, insurance and debt through a series of regular date nights (with yourself or with your partner) coupled with Scott’s own quirky suggestions of what type of restaurant to go to and what food to order.

Cute Couple Eating Mexican food and talking about personal finance
Finance and fajitas. Sounds like a great date to me.

There’s nothing vague about Scott’s plan, and this is what makes the book different. He tells you what bank account he uses, which super fund he invests with and how to decide what insurance you actually need and who to buy it from.

The Barefoot Investor advocates for Australians buying their homes in order to “get the banker off your back” and salary sacrificing superannuation not only for the tax benefit, but so you will live a comfortable retirement.

Who should read it?

While probably best aimed at people in their 20 and 30s, The Barefoot Investor also offers valuable advice for those closer to retirement, with a plan to live comfortably even if you haven’t taken control of your finances at an earlier stage.

barefoot
As you can see, I actually read this book.

This book is super easy to read and contains tangible steps that will make a substantial difference to the future of any motivated reader.

Should you buy it?

I have lent my copy to multiple friends, and have bought copies as gifts (you owe me Scott Pape). I can’t give a better endorsement than that.

 

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5 Comments

  1. Miss Balance Miss Balance January 29, 2017

    Scott Pape is one of my all time favourite finance writers. I second this – buy the book, you won’t regret it!

  2. Miss Money Box Miss Money Box January 29, 2017

    He really is one of the best, with a very approachable style.

  3. doingdadstuff doingdadstuff January 30, 2017

    Thanks for checking out my review. 😉 I like your writing style. I’m still a bit stuck on implementing the principles of Scott’s book but it’s plain English which a dolt like me needs when it comes to the black magic of finance. I’ll be watching your blog with interest (get it? a lame financial pun…ugh)

  4. Miss Money Box Miss Money Box January 30, 2017

    There’s a lot of principles in the book, and it will take time to put them into motion and even longer to achieve results. Totally worth it though. Also, love a good finance pun 🙂

  5. andrepartridge andrepartridge April 3, 2017

    Scott Papes book is a great read! If you haven’t already, take a look on my blog and there are a few more books that are worth reading. I’m looking forward to more of your posts!

Comments are closed.