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The Barefoot Investor: The Only Money Guide You'll Ever Need 2019 Edition (Paperback) $14 Delivered @ Book Depository

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Greetings everyone, Book Depository have updated the listing for this book and it is now for the 2019/20 version :)


Fully reviewed and updated for the 2019-2020 financial year

Thanks to Triple J:

The update from the 2018 Version includes revised figures as well as -

  • The recent Royal Commission into the banking sector.
  • Afterpay-is it good or bad ?
  • Changes to the federal budget .
  • The declining housing market & saving for a home.

Free delivery worldwide
Price includes GST
Available. Dispatched from the UK in 2 business days


As always, enjoy :)

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closed Comments

  • unless you have kids, then you'll need the family version. I think we have different definitions of "only"

    • You can safely skip the family version. He's good with finance, not childhood education.

  • +1

    Has anyone read it? Is it helpful for pensioners, disability and carers? We own our house, try to stick to a budget and have no debts but always looking for ways to save a bit or make some extra cash.
    I don't want to spend $14 on a book that is going to tell me what I already know or doesn't apply to me. Thanks.

    • +1

      Yes. Have read and whilst not in your position or lifestage I'd say the book and its concepts would be highly relevant.

    • +12

      I would say yes, but you don't need the 2019 version. Why not see if your local library has a copy?

    • +6

      Get it out from the library.

    • +4

      Yes but it's cheaper to go to a library.

    • +3
    • It's a good read for anyone but it is extremely focused on younger couples with large debts.

    • -2

      How hard is it to go to your local bookstore and flick through it? If you need to outsource your judgement it doesn't reflect well on you.

    • Says "stop ordering smashed avo toast" when eating out every day

  • Cheaper here if you have an Amazon Prime account. https://www.ozbargain.com.au/node/464960

    • +4

      That's the 2018 version FYI, hence why I posted this as it seems to be the cheapest on the market for the 2019 version currently :)

      • +1

        That blurb is misleading then!

        ** Fully reviewed and updated for the 2019-2020 financial year**

        • +2

          It is! People were saying in the comments that they received the 2018 version, so seems like Amazon may have stuffed up..

          • +5

            @doweyy: got an email from Amazon confirming they stuffed up offering a full refund on return

            • +1

              @Optimus Prime: I got same email, but the day before I had. Omplained and they gave me a full refund and said I didn't need to return. Got email today saying refund has been processed

            • @Optimus Prime: I got that email yesterday too but contacted them tonight and was issued a refund without needing to send it back.

  • +7

    Is there much quantitative advice here? Or is it more qualitative, "don't eat smashed avo for brekkie everyday" sort of advice?

    Does it give you pointers on how to pick stocks, what qualities of index funds to look for, etc?

      • +5

        That's mean @Lorinder. Don't be a meanie.

      • +3

        Someone learnt to use a PC recently.

    • He has a paid subscription service for stocks, so specific advice is in that. He does like index funds though (especially for super, due to low management fees) as he believes over the longterm they perform same as active funds.

      • +4

        as he believes over the longterm they perform same as active funds.

        He's only partly right, index funds perform better than all active funds over long term.

        Obviously someone telling twits what stock to pick is not going to be telling you real information about the alternative to not picking stocks.

    • +3

      Buy bitcoin 👌

    • Very useful, strongly recommend reading. It's easy to read and insightful but I agree with others that you'll be fine with the previous versions.

  • +10

    I've read through the 2017/2018 version and "I Will Teach You How to be Rich" (Abbreviated to IWT - This mainly relates to the US, but it's very interesting to learn how the US works. e.g. Earlier retirement age). I can say that they both give good general advice on how to pick the investments that you should make. I would suggest that it's absolutely your responsibility to understand how money works, and this resource is a great way to begin on that journey. We're not taught this stuff in school, and as Scott mentions, the wrong stuff is taught to us at school. Barefoot does suggest zero credit cards, period. While IWT preaches abuse of credit card rewards. It really depends on how hard you wanna go.

    I would also suggest reading "The Subtle art of Not Giving a ****" and "Everything is ******" by Mark Manson. These two books focus on goal alignment. When your spending is in line with your goals, you might see interesting savings here and there. Like I stopped being contracted to Optus for a phone I don't actually need to upgrade every year. That frees up a decent amount for investing / saving. I think all of these books have definitely helped my financial situation.

    As for avo smash, neither of them suggest stuff like this. Not even not going for a morning coffee. In fact, most other books on looking after yourself suggest you should absolutely do your own little rituals for wellbeing.

    HTH

  • You can also get the CD audiobook for $13.86 AUD
    https://www.bookdepository.com/Barefoot-Investor-Scott-Pape/…

  • Who wrote the book first?

    • I've seen some long winded landing pages for online stuff like this, but wow, his is long. $397 for the last year of his services and the entire backlog later in the year. Not sure if it's worth it or not

      • +11

        To be honest, if you already saving money by always paying your credit card on time, finding the better bank for mortgage or saving interest, I don't really think this book really helps much. And if you are relying on him for the information on which share to buy or what investment to go to, then he might not be able to help much longer if he is shutting down the business.

        • Hes sold a million copies of the book and is committed to updating it yearly. His primary job now is an author of books.

        • Btw, I didn't get the book, I listened to the audio book on Amazon Audible during trial period. A chance to try it out before buying.

        • +2

          akte hit the nail on the head - this guy is nothing more than a mouth piece for simple ideas and common sense.

  • +3

    page 1 says don't fritter your money on oz bargain.

    • BS. Say it ain't so.

    • +2

      But we're here to save money.

      • +1

        'Gotta spend money to make money', I chanted as I spent over $500 on non-essential goods this weekend.

  • -8

    This book is rubbish if you have zero common sense, or just very poor lol. The testimonials are a funny read.

    • +2

      So it's not for poor or stupid people?

    • +2

      $14 for some common sense is quite worth it.

    • +2

      This book is rubbish if you have zero common sense

      No book is going to help someone with zero common sense…

    • +19

      @SirMurduck
      Sorry to disagree. This book is not rubbish, unless of course an excellent rocket scientist such as yourself deems learning of any kind far beneath you ;p

      I am a retired banker (old school… definitely not a non-ethical candidate who would fit in well at a Royal Commission on Banking & Finance). I have spent the last 18 years as a volunteer debt counsellor.

      During that time I have counselled a variety of people from the most disadvantaged to the most privileged members of our society. Financial illiteracy, like cancer, herpes etc., does not discriminate between the rich and poor, or the most highly educated to the least.

      I have often recommended this small text as a starting point, and that included folk who were arrogant enough to believe they were the smartest people in the room. Even the most highly intelligent can easily lack common sense, and those who were classified as street people or homeless, can possess incredible 'street smarts' to survive.

      We never know until we walk a mile in another's shoes… and be prepared to learn something new, even basic, every day :)

      • This is the most valuable comment in the whole thread.

    • +1

      I would say the opposite. The ones without common sense will find this book extremely useful.

  • Publication date 01 Jul 2018.

    Looks like the 2019 isn't even released yet.

    https://www.angusrobertson.com.au/books/the-barefoot-investo…

  • The Barefoot Investor is shutting down his business

    https://au.finance.yahoo.com/news/barefoot-investor-shuts-bu…

    • He's a clever fella, there are a horde of people who've senselessly dumped money based on his published buy tips. With the incoming recession or downturn no doubt the ambulance chasers will be starting a class action against his 'business'. Closing it down now, completely hedges him from action.

    • +3

      Solid clickbait post.

    • "As a blue collar worker, the share insights and general financial advice have made/saved me a small fortune over the last 7 years….

      “I have 8 of the stocks recommended,"

      This is the problem with these set ups. Either you are giving advice/ making recommendations, or you are not.

      Personal financial advice is advice, but general advice is not, as it really is just general information.

  • A$18.47 A$29.95?

    • $14 again :)

  • +7

    I’ll save you guys money. The entire book is basically:

    1. Budget your money be frugal (skip the avocado on ur toast and get free coffee)
    2. Buy index low cost funds every month with your savings e.g vanguard
    3. Low cost super fund like hostplus and put in index fund salary sacrifice to save tax
    4. Start as young as possible

    That’s it
    Also he came out on TV recently and said Australian economy is in big trouble

    • -3

      Low cost super fund like hostplus

      They are on the higher level of fees compared to other industry funds.

      Australian super has lower fees so even though their returns were slightly less their net return has been higher.

      You can use the Chant West AppleCheck that hostplus provides for free.
      https://hostplus.com.au/super/join/compare-us

      • That is Hostplus Balanced. He recommends Hostplus Indexed Balanced. They are very different.

        • +2

          He recommends Hostplus Indexed Balanced. They are very different.

          His recommendation performs worse
          https://www.ajfp.com.au/2018/10/30/8127/

          • @spaceflight: Correct. I wasn't agreeing with him, just saying they are different. Here is an excerpt from a past post of mine "I have read the book and when researching Hostplus Indexed Balanced found that it consistently under performs the index that it is supposed to track which is a concern. I have found many others asking the same question on forums with no-one able to find an answer why."

            • @turbodude: I haven't read his book so was only going by what Bargaingeek said about the recommendation being a "Low cost super fund like hostplus"

              I was trying to say that hostplus are not necessarily low cost because I did not know what option was being used.

              Hostplus doesn't even have the Indexed Balanced available in the Chant West AppleCheck. I wonder if it is because it doesn't perform well against other funds.

  • Is marriage saving money?

    • only if you never break up and don't spend in frivolous things

      • +1

        That's hard, I thought most of modern men live in a slavery type of life.

        • +2

          What if it is a marriage of 2 men

    • +3

      I've seen it work out rather well financially for many women.

      • +4

        You are right, so biased against men in many cases where they have done nothing wrong at all.

        • Other than picking the wrong partner.

          • @idonotknowwhy: Do most people meet from Friends of friends or online?

            • @Yaren24: Doesn't matter how you meet.
              You date, you pay attention, you move in together as a 'trial', you may more attention, then you decide.

              • @idonotknowwhy: I think the hardest part I faced was that people are always changing, women change their minds so frequently in some cases. It's just safe to be MGTOW

                • @Yaren24: Yeah it's definitely safe, if that's what you want from life. Nothing wrong with that :)

  • -6

    Ah, the great Barefoot “here is financial advice BUT I’m not giving you financial advice” Investor who makes the majority of his income from commissions on the products he recommends.

    • +5

      He refuses to take commissions from products he recommends.

  • -1

    Here’s some financial advice.
    Save yourself $14

    • +1

      Thanks. I got 2 grams instead.

  • +1

    Can somebody who bought this new edition tell me if he changed his recommendation of Hostplus for super? Cheers!

    • +2

      He still recommends them

      • Thanks!

  • -6

    This guy won't even shoot a buggered up burnt sheep ('BUBS') after a bushfire. What a prat! Left it to the Department of Environment and Primary Industry. "They'd find her soon", he said in relation to one BUBS.

    Page xv, Barefoot BS.

  • Price has gone up to $18.47 :(

  • +2

    Still $14 for me! Just purchased 1 minute ago.

  • Fang! This book gonna become Ozbargainers Little Red Book!

  • It's showing as $18.47 for me and it was showing that last night - is it just showing different amounts for diff people? I even tried the link via Incognito…

    • Yeah seems like the price keeps bouncing around, it might drop again later today so keep an eye out :)

  • tip no.1:
    do not go to www.ozbargain.com.au

    • How else do I save money on things I do and do not need?

  • +1

    Deal is back

  • Deal is back and don't forget 10% cash back from cashrewards.

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