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M**8
Highly recommended for financial advice
Highly recommended - looking forward to reading this
M**G
A must read for your young adult children
After reading The Barefoot Investor I immediately purchased 3 more copies as gifts for my young adult children. Much of what I read in the book aligned with the common sense approach to money management that I have lived (I am now 60), however the author's easy to follow and fun approach via a series of explicit steps is something I am sure my kids will enjoy following. Not to mention, hearing from an expert closer to their age is likely to get more traction than sage advice from their father.The book is an easy and entertaining read. The occasional testimonials throughout the book underline the practical results that can come from following the steps, although there is a small risk that to some readers these might be a little annoying. If so, then just skip over them. Ultimately, what an individual gets out of the book will come down to their willingness to follow the low risk approach that will eventually result in financial independence.This is a must read for anyone that desires financial independence, whether you are just starting out or heading towards the end of your working life. Even if you are highly financially literate, I am sure there will be something positive that you will take from this book.
N**W
no nonsense self help financial book with step by step guide
I have heard a lot about barefoot investor and have been part of the local facebook group for a while. I happen to be travelling and had about 10 hours to kill so decided to start reading Scott’s book, to see what the fuss is all about.I have read 20+ financial related topics, and from now on, this book will be the number 1 book i will recommend to all my friends and colleagues, who needed help in understand how money works, as well as sorting out their personal financial goal. Book is very easy to read, with no nonsense step by step guides, which should be fairly easy to follow for most people.Well done Scott on writing this book. I finally understand why people rave about your book now.
P**N
Financial principals
The book is easy to read and to understand financial concepts. Lived how the author helps establish a plan to be financial savvy and healthy.
M**Y
Gratitude
Inspiring. I felt a torch light up inside of me as I read my way through Scott's book. Coming across this book couldn't have come at a better time in our lives. Just the day before my wife and I had been discussing our finances, and how we were stuck in a rut with no forseable way out. I felt lost. I had even said to my wife, 'I'm sorry, I don't know what to do'. Our financial situation was dire and we were drowning in debt. This was odd considering that together we net $4000 a fortnight. I thought, how can we possibly be struggling so bad with this much money. I was then told about this book, and though I have only just finished it and about to start our first Date Night, I feel a breath of life, positivity and hope return to our lives. I am looking forward so much to clearing our debt and taking control of everything, while we watch our nest egg grow. I know this will work for us, and I am dedicated more than ever. Thank you, thank you, thank you Scott
J**R
An Australian Dave Ramsey
This book was really fun to read. Pape is consistently interesting and engaging. It was not particularly life-changing for me: most of his advice concerns things I've already been doing for years. But there are many people out there for whom this book is exactly what they need.Pape is like an Australian Dave Ramsey. The book is written in very Australian language, and the situations he discusses are usually specific to Australia. Yet many of Pape's principles and steps are identical to Ramsey: both emphasise paying off debt quickly, but not before you set up an emergency fund (as Ramsey calls it) or "Mojo" (Pape's term). Being Australian, Pape is a lot more laid back, and, unlike Ramsey, does not push a strict budgetary system.One of the things that comes through in this book is that Pape is a man of integrity and compassion - he has a genuine concern for those who feel trapped by debt or a fearful for their financial future. This is an excellent book, and Pape appears to be an excellent mentor.
A**R
A good read and good advice.
Scott Pape is a legend when it comes to finance.I read the book with interest and was very proud when I read the last chapter ( I am retired) and found that I was in the exact position that Scott said I should be in retirement. I have property investments fully owned, a share portfolio with no debt and superannuation giving my wife and I a good cash flow in our retirement.Unknowingly I had followed Scott's financial plan through my working life and it has certainly paid off for me. He mentions common sense in financial affairs and this is very true. We are fully self funded, getting no payment from the Government and if everybody followed Scott's plan we would have a far less reliance on Government benefits and the country would be in a far better state.I always read Scott's column in the Sun Herald every weekend, it is good reading and good advice. A great book every one should read and follow.
D**T
Relevant for Australians
Good common sense advice in this book that is relevant to Australian situations. Definitely worth a read. I learned what some investment terms mean and feel less daunted about taking the big leap into the stock market as a beginner. The pitfalls of ongoing debt, especially that which banks try to encourage you to stay in through things like investment loans and credit cards, was a real revelation. I like the fact that it is independent and tries to empower you to take responsibility first and foremost. After reading this book I began to question the motives of some financial advisors who try to sell you products to their advantage through trailing commissions etc. Educate yourself and be more informed and self -reliant about money first. This book is a good start for beginners and those wanting to get a handle on their money and debt.
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