The Barefoot Investor The Only Money Guide You'll Ever Need

by Pape, Scott

• ISBN13: 9780730324218
• ISBN10: 0730324214
• Edition: 1st
• Format: Paperback
• Copyright: 2017-04-03
• Publisher: Wiley

Summary

** Reviewed and updated for the 2020-2021 financial year**

This is the only money guide you'll ever need

That's a bold claim, given there are already thousands of finance books on the shelves.

So what makes this one different?

Well, you won't be overwhelmed with a bunch of 'tips' … or a strict budget (that you won't follow).

You'll get a step-by-step formula: open this account, then do this; call this person, and say this; invest money here, and not there. All with a glass of wine in your hand.

This book will show you 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.

You'll also get the skinny on:

Saving up a six-figure house deposit in 20 months

Doubling your income using the 'Trapeze Strategy'

Saving $78,173 on your mortgage and wiping out 7 years of payments

Finding a financial advisor who won't rip you off

Handing your kids (or grandkids) a $140,000 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 simple steps in this book and achieved amazing, life-changing results.

And you're next.

Author Biography

SCOTT PAPE is the Barefoot Investor. A fiercely independent investment advisor who, for over a decade, has reached millions of Australians through his newspaper columns, and on TV and radio. In 2014 he and his family lost everything in a bushfire...but what they did next—that's the real story.

Table of Contents

About the author xiii

Prelude: Living Barefoot xv

The alpaca attitude xix

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 fund 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) 93

Part 2: Grow

How to double your income 107

Step 4: Buy Your Home 118

How to buy your home in 20 months 121

Step 5: Increase Your Super to 15 Per Cent 136

Your Golden Ticket — becoming an investor 139

The automatic millionaire — how to put your investing on autopilot 153

Should I buy an investment property? 165

How to be a hero — investing for your kids (or grandkids) 173

Step 6: Boost Your Mojo to Three Months 184

The power of Mojo — never worry about money again 187

Part 3: Harvest

Step 7: Get the Banker off Your Back 196

The curious case of the postcode povvos 199

How to save $77 641 and wipe almost seven years off your mortgage 203

Step 8: Nail Your Retirement Number 212

The Donald Bradman Retirement Strategy — why you don’t need $1 million to retire 215

Finding your financial advisor on Tinder 229

It’s not about you — a gift for your family 237

Step 9: Leave a Legacy 240

Building your legacy — a very special Barefoot Date Night 243

Freedom starts today — you don’t have to wait ... 251

We’ll meet again 255

Index 261