A Book I Like: "The Barefoot Investor" by Scott Pape (an Ethical + Funny, Licensed Financial Advisor)

IVI on 19/01/2019 - 12:02
Last edited 19/01/2019 - 12:30 by 1 other user

This is a recent find, for me. Others may know about it:

  • "The Barefoot Investor" (for adults)

Nothing to buy, ie, if you Library has it ;~)

I Strongly Recommend the Audio-Book edition (Free in your first Trial month of Audible-membership: Audible.com)…but not because it may be free for you.

Scott Pape's Aussie humour mix better with his sound and wise advice, to get you "off" credit cards and high-fee banks, etc.

I get what he's advising and - if true - he's telling you what HE uses, ie, which company and which product, several times, for HIS own investments.

If you like to read, do that… but it you want the "Full Monty" ie, experience, get the Audio Book.

Enjoy, and may you enjoy peace and prosperity, as your reward for giving his advice a go!

Anyone else here know of "The Barefoot Investor"? Does its advice work?

(Oh, there's another version for Kids, meant for parents to teach & show by example, I think:

  • "The Barefoot Investor for Families"

'dunno if its got an Audio-Book edition, yet)

Financial Book Scott Pape

Comments

  • Tech5 on 19/01/2019 - 12:09
    +1

    …

  • [Deactivated] on 19/01/2019 - 12:15
    +2

    Umm. Glad you read it?

    You seem to have really liked it but don't get carried away. Dime a dozen for self help books, granted this one is more palatable to read.

    The contents are all approximately the same.

    • IVI on 19/01/2019 - 12:50

      Actually, the author names Companies & Products, eg:

      • Super fund with AU's lowest fees

      How to choose your own shares, ie,
      for a Self-Manage-like Super a/c
      ie, WITHOUT all the extra paperwork
      of a "real" SMSF

      etc.

      And… FYI, I haven't Read it…
      I'm ~4+ hours into Hearing it ;~)

      • Baysew on 19/01/2019 - 12:54

        I'm ~4+ hours into Hearing it ;~)

        …Naked,
        for the
        Full Monty
        experience.

        • IVI on 19/01/2019 - 12:57

          Well, it's been ~40 deg's near here…

          And the pool gets inbuilt after we pay
          off our Tesla…

      • [Deactivated] on 19/01/2019 - 12:59

        I have these books on Audibles but after going through 3-4 (not including ones I have gone through physical copies), they all sound the same.

        I'll summarize them for you - the comfortable and knee jerk reaction to money is the reason for unnecessary spending. Unnecessary spending is liabilities that would otherwise be assets.

        Some may name specific products and companies and the way to choose these companies follows the same principle above because it is choosing an investor to act on your behalf, but these investors may change their operational principles so beware.

        All sound advice that comes at the cost of emotional comfort, ie. being the average carefree consumer.

        These authors sell their books and even give out trade secrets (no real secrets remaining these days short of insider trading). They'll withhold further specifics and that's where they sell you the courses. Every time.

        • IVI on 28/03/2019 - 08:37

          I see that even 'Barefoot offers subscriptions to a Newsletter… Yep, I see the pattern.

          Still, for a first timer, the book can help one to win a good return on the "investment" made in buying it

          Again, if one hasn't had an Audible account, the cost of that first book can drop to Zero ("First Audible book free")
          …but you'd still need the book to get/confirm correct spelling of some of the recommended service providers.

  • bdl on 19/01/2019 - 12:19
    +5

    I prefer "The Barefoot Ozbargainer" by jv

    • [Deactivated] on 19/01/2019 - 12:27
      +6

      "The Impenetrable Thrifter" by TightBottom

    • Baysew on 19/01/2019 - 12:37
      +9

      "The Benefits Of The Two Party System (Liberal and Labor) in Australia" by Diji1

  • kerfuffle on 19/01/2019 - 12:27
    +1

    A non-weird post from IVI for once.

    The Barefoot Investor is a bestseller for a reason.

    • IVI on 19/01/2019 - 12:52

      Thanks, I think… ;~)

      Yeah, but there are lotsa
      bestseller out there…

      It's nice to find one that
      seems (AFAIK, so far) to
      merit the title.

      Anyway, speaking of Nuclear…

      • brendanm on 19/01/2019 - 13:00
        +15

        Why do you format your posts in such an odd way? Trying to learn haikus?

        • IVI on 28/03/2019 - 08:41

          I'm going to make my 1st Million
          as creator + promoter of patent-
          pending: "Jazz Haiku"

          …after I successfully CONVERT
          Aussies' fear of Nuclear Energy
          to a Love of Abundant Cheap "
          from ~2029:

          • YouTube "Pedersen TEDxCopenhagen"

          ThoriumRemix.com - Start with:

          • YouTube "ThoriumRemix 2011"
  • AdamFury on 19/01/2019 - 12:49

    Bought this book myself a few weeks ago actually so sounds like I'm missing out on the full monty experience! Good book.

    • IVI on 19/01/2019 - 12:53

      Hey, I'm not from these parts, &
      the Audio-Book is just one more
      chance for me to learn "Aussie"

      Audible has one for you (free, if
      you take up a Trial membership,
      for new members…)

  • Gunther on 19/01/2019 - 12:52

    I prefer "Investing for Dummies" - serious.

    • swapsey on 19/01/2019 - 15:24

      You mean the one by Eric Tyson?

  • serpserpserp on 19/01/2019 - 16:20

    I think I read this book back when it was a first edition. Like when he was riding the coattails of Jamie Oliver "Naked Chef" (kinda pinched his promotion idea).

    Good advice but if you are already a good saver probably nothing new here. The clear deliniation of "buckets" for you savings is good to have for people that can't figure that out.

    I should take a gander of his newer stuff, I'm sure it is better than it was 15 years ago or whenever he did his first book.

  • 203132 on 19/01/2019 - 20:29
    +2

    It's a great book for those who do not think much about personal finance.

    I think it does well selling a mind set for those with lack of knowledge in personal finance and poor saving habits (due to lack of eduacation in High School.

    I would read the book with an open mind. There are some good things in there and some that aren't so applicable. For example, I like the fact that you recommends you call up your bank to talk about getting discounted mortgage rates.

    As an ozbargainer, when he advises the reader not to get a credit card…I just laughed.

    A great take from the book for me, was to get my Super sorted out ASAP.

    • IVI on 28/03/2019 - 08:43

      You mean: "edumacation"

  • iforgotmysocks on 20/01/2019 - 08:07

    Never heard of it

  • Dpkmax on 21/01/2019 - 00:34

    i have read this book.
    I have also heard the audible version and yes its true Scott's Aussie humor is great. Lucky he voiced the audible section no one else could have done better.
    I strongly recommend reading this book or listening to the audio book.
    This book has changed my thinking . Before this book I never seriously thought about budgeting. I use to hate living off on budgets.
    But this book has a different concept and very nicely explained in a layman's term by Scott.
    Not only me i have known many who have benefited by this book.
    If you read it do give a go on his techniques It will surely benefit.
    Tread your own Path

    • IVI on 28/03/2019 - 08:57

      It's in the same category as,
      eg: "Rich Dad, Poor Dad"

      Eg, it assumes the reader
      may Not have had parents'
      guidance with early saving
      (by kids), emphasizing the
      Entrepreneurial Way of Life

      Ie: Generating income-gener-
      ating ventures that don't
      need much attention (& cer-
      tainly don't have a 9-5 work-
      schedule)

  • cashless on 28/03/2019 - 13:17
    +1

    Seems like OP compulsively hits
    return button on the keyboard
    leaving the impression that they
    must have a very narrow screen
    width, or is incapable of typing
    lines longer than about 6 words.
    Or perhaps I have got it wrong
    and he/she's trying to write
    poetry?

    • IVI on 31/03/2019 - 02:03

      Haven't you ever read
      a slim newspaper col.?

      Actually, I like
      the idea of "Jazz Haiku"
      so much better…

      …even if I got the #
      of syllables/line wrong,
      above

  • LakeVostok on 28/03/2019 - 22:00

    I love it and have learnt many new tips from this book which has changed my outlook on finance.

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