The Barefoot Investor

by Pape, Scott

• ISBN13: 9780730397533
• ISBN10: 073039753X
• Edition: 2nd
• Format: Paperback
• Copyright: 2022-04-11
• Publisher: Wiley

Summary

**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.

Author Biography

Scott Pape is the Barefoot Investor.

Since 2002, he’s reached millions of Australians through his email newsletter, national weekend newspaper columns, appearances on TV and radio and his bestselling books, The Barefoot Investor (2016) and The Barefoot Investor for Families (2018).

He has worked with the heads of government, schools across the country, AFL and NRL teams, bushfire survivors, and some of the most vulnerable people in our community.

In 2020, Scott was awarded a Medal of the Order of Australia (OAM) for ‘service to the community and to financial education’.

Scott gave up his financial services license in 2020 to become a volunteer financial counsellor.

He lives in country Victoria with his wife, Liz, and their four children on their family farm and is often seen belting around in an old ute that doesn’t need to be locked.

barefootinvestor.com.au

Table of Contents

Read this first xi

Prelude: Living Barefoot xiii

The alpaca attitude xvii

Part 1: Plant

Step 1: Schedule a Monthly Barefoot Date Night 4

Money talk is better with garlic bread and wine 7

Barefoot banking 13

The world’s cheapest super funds 23

Your insurance sorted in one beer 37

How to live like a multimillionaire right now 47

Step 2: Set Up Your Buckets 58

The Serviette Strategy 61

Step 3: Domino Your Debts 76

Removing the brainwashing 79

Domino your debts (except your HECS-HELP and your home) 91

Part 2: Grow

How to double your income 109

Step 4: Buy Your Home 120

How to buy your home in 20 months 123

Step 5: Increase Your Super to 15 Per Cent 140

Your Golden Ticket—becoming an investor 143

The automatic millionaire—how to put your investing on autopilot 159

Should I buy an investment property? 171

How to be a hero—investing for your kids (or grandkids) 179

Step 6: Boost Your Mojo to Three Months 190

The power of Mojo—never worry about money again 193

Part 3: Harvest

Step 7: Get the Banker off Your Back 202

The curious case of the postcode povvos 205

How to save $77641 and wipe almost seven years off your mortgage 209

Step 8: Nail Your Retirement Number 218

The Donald Bradman Retirement Strategy—why you don’t need $1 million to retire 221

Finding your financial advisor on Tinder 235

It’s not about you—a gift for your family 243

Step 9: Leave a Legacy 246

Building your legacy—a very special Barefoot Date Night 249

Freedom starts today—you don’t have to wait... 257

We’ll meet again 261

I’ve got this 263

A final word 264

Where to get more info 265

Index 269