The Barefoot Investor

Book description

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.

Table of contents

  1. About the author
  2. Prelude: Living Barefoot
  3. The alpaca attitude
  4. Part 1: Plant
    1. Step 1: Schedule a Monthly Barefoot Date Night
      1. Money talk is better with garlic bread and wine
      2. Barefoot banking
        1. How did you get your current bank account?
        2. Banishing bank fees from your life forever
        3. Get some interest, brah!
        4. Get some Mojo, baby
        5. And if you have a mortgage...
      3. The world's cheapest super fund
        1. ‘I've got this'
        2. The greatest tax dodge in Australia
        3. Middle-aged men ruin everything
        4. Your super fund can gobble up a third of your savings in fees
        5. The $226 484 difference
        6. What about fancy investment options?
        7. The super fund I use
      4. Your insurance sorted in one beer
        1. The golden rules of insurance
        2. Private health insurance — do you even need it?
        3. Protecting your family
      5. How to live like a multimillionaire right now
        1. Back to the future
        2. Jerry Seinfeld talks garbage
        3. How much is enough?
        4. #BarefootRich
        5. Socks and jocks
        6. Your car
    2. Step 2: Set Up Your Buckets
      1. The Serviette Strategy
        1. Introducing the Serviette Strategy
        2. Manage your money in 10 minutes a week
        3. Putting it all together: Serviette Strategy + your new accounts = happiness
    3. Step 3: Domino Your Debts
      1. Removing the brainwashing
        1. Who taught you about money?
        2. Your first credit card
        3. Stand for something
      2. Domino your debts (except your HECS-HELP and your home)
        1. Domino 1: Calculate
        2. Domino 2: Negotiate
        3. Domino 3: Eliminate
        4. Domino 4: Detonate
        5. Domino 5: Celebrate!
        6. The move to monthly Barefoot Date Nights
      3. Recap of Part 1: Plant
  5. Part 2: Grow
    1. How to double your income
      1. You're joking … right?
      2. It was the best of times; it was the worst of times
      3. Welcome back to high school
      4. How to earn $5000 in an hour
      5. The ultimate payoff
      6. Please, give me your excuses
      7. Get a bit on the side — fast
      8. Swing on the trapeze
      9. How you can double your income
      10. Prove them wrong
    2. Step 4: Buy Your Home
      1. How to buy your home in 20 months
        1. Yes, housing is ridiculously expensive
        2. Is rent money dead money?
        3. Mistake #1: They're waiting for a crash
        4. Mistake #2: They buy a home they can't afford
        5. Mistake #3: They buy an investment property first
        6. Mistake #4: They rent but forget to save
        7. Mistake #5: They don't consider other options
        8. How to save for a deposit
        9. Home is where your heart is
        10. How we bought our family home
    3. Step 5: Supercharge Your Wealth
      1. Should I buy an investment property?
        1. Don't put down this book!
        2. Why borrowing to invest kills compound interest
        3. Debt is a four-letter word
        4. A tale of two investors
        5. How to really make money in property
        6. Property vs shares
      2. Your Golden Ticket — becoming an investor
        1. Leave your emotions at the door
        2. The Boxing Day sales
        3. Becoming a business owner
        4. But I don't have any money to invest!
        5. Introducing the thinking person's SMSF
        6. So should I buy shares inside (or outside) of super?
      3. The automatic millionaire — how to put your investing on autopilot
        1. Little blue biros
        2. Faceplanting on a treadmill
        3. The final quarter of your grand final
        4. Never worry about money again — boosting your super to 15 per cent
        5. No willpower needed
        6. Automatic millionaire super scripts
      4. How to be a hero — investing for your kids (or grandkids)
        1. The number one secret to raising financially fit kids is …
        2. Lower income earners
        3. Higher income earners
        4. How not to raise a spoilt brat
        5. Paris Hilton, Donald Trump and your kids
        6. A letter to my boys
    4. Step 6: Boost Your Mojo to Three Months
      1. The power of Mojo — never worry about money again
        1. Recap of Part 2: Grow
  6. Part 3: Harvest
    1. Step 7: Get the Banker off Your Back
      1. The curious case of the postcode povvos
        1. Postcode povvos
        2. The millionaire next door
        3. Don't do it for the kids
      2. How to save $77 641 and wipe almost seven years off your mortgage
        1. Rule 1: Don't get the bells and whistles
        2. Rule 2: Don't fix your rate
        3. Rule 3: Get the cheapest rate possible
        4. The $22 064 phone call
        5. Revealed: the mortgage industry's dirty little secret
        6. Point the Fire Extinguisher at your home loan
        7. The proudest day of my financial life
    2. Step 8: Nail Your Retirement Number
      1. The Donald Bradman Retirement Strategy — why you don't need $1 million to retire
        1. Give us a hand, cobber
        2. Fear and loathing
        3. You do not need a million dollars in super to retire
        4. What your retirement will look like
        5. Introducing the Donald Bradman Retirement Strategy
        6. You'll never, ever, run out of money
        7. The three-bucket retirement solution
        8. Where will you get three years of pension payments for Mojo?
      2. Finding your financial advisor on Tinder
        1. Find your financial advisor the Tinder way
        2. What to do if you've already got an advisor
        3. Be dumb smart
      3. It's not about you — a gift for your family
    3. Step 9: Leave a Legacy
      1. Building your legacy — a very special Barefoot Date Night
        1. How will you be remembered?
        2. Give your money
        3. Give your time and your money
        4. Recap of Part 3: Harvest
  7. Freedom starts today — you don't have to wait ...
    1. A sense of purpose
    2. Strong personal relationship/s
    3. Financial security
  8. We'll meet again
  9. Index
  10. Are You Ready to Take the Next Step?
  11. EULA

Product information

  • Title: The Barefoot Investor
  • Author(s): Scott Pape
  • Release date: January 2017
  • Publisher(s): Wiley
  • ISBN: 9780730324218