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4.8 out of 5 stars
4.8 out of 5
2,051 global ratings
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The Barefoot Investor, Revised and Updated Edition: The Only Money Guide You'll Ever Need

The Barefoot Investor, Revised and Updated Edition: The Only Money Guide You'll Ever Need

byScott Pape
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Amazon Customer
5.0 out of 5 starsFor real: The only money book you need
Reviewed in Australia on 21 November 2017
I never buy financial advice guides because I dont see the value in contributing to an already wealthy persons bank account. the Barefoot Invester is my one exception. I purchased this in January 2017 having returned from overseas 12mths earlier with no savings + multiple debts + my car as only assert. Its now November 2017 and I have saved a home deposit (admittedly not 20%) + $3,000 savings + $2000 buffer. Most of my savings and payments are now automatic and I know as a single woman on just below average wage I dont need to worry about bills.

I cant reccommend this book highly enough for anyone wanting practical and achievable advice.
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29 people found this helpful

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victor matthews
1.0 out of 5 starsIf You Want to Retire Wealthy - Don't Buy This Book
Reviewed in Australia on 22 May 2020
If you want to work hard all your life until you reach retirement age, own your own home and retire with a small income to supplement the govt pension then this book offers a pathway to achieve mediocrity.

However if you want to retire youngish, and not rely on the govt, because you have enough wealth to support yourself and family in your latter years, then the advise given in this book will ensure you fail.

The author has a narrow and limited understanding of how money works, and lacks both the foresight and insight to advise on any asset classes other than his beloved stock market.
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31 people found this helpful

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From Australia

Lily Malone
TOP 500 REVIEWER
5.0 out of 5 stars No Boring Budgets!
Reviewed in Australia on 7 August 2017
Verified Purchase
So the beginning of this was a bit 'rah rah' motivational for me... with lots about the author's personal scenarios on his farm (there was a fire) and more to do with alpacas and planting trees. Once we got past the metaphorical though, this book got extremely useful, very practical, and it got there fast.
It nails down to scripts to empower you to talk with your bank manager, super-fund manager, insurance brokers etc; and what to look out for in terms of fees and costs on everyday bank accounts/credit cards etc etc. Beating the banker is a key aim, and who doesn't like the idea of that?
It's also got a nice touch of humour which made me giggle in parts.
My hubby was a fan of Scott Pape's newspaper column, though I've never read it. He tells me that used to have a nice line of humour in it too.
So it's a good read in terms of language and style, and it has some excellent information that I intend to follow. I don't think I'm chopping up my credit card as he advocates, but beyond that, the amount you need to retire comfortably, and how superannuation will get you there, was the biggest benefit to me. Oh - and the back of the book - stuff about legacy? That's a great reminder that you can't take the whole lot with you when you fall off your perch.
There's a lot in this book about less is more - and you don't need huge incomes to get started (who knew that people earning more than $70k/year are not necessarily happier than those earning less??), you do need to start saving/growing money now though, or as young as you can as the greatest lever for wealth creation is time. Oh, and there are no boring budgets in this book, although there are definite buckets for your money!
Thank you Scott Pape for sharing such insight and knowledge. I have a feeling it's going to become a bit of a Bible.
p.s. I bought this on Kindle sale... I think that speaks to my financial management ;)
22 people found this helpful
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Amazon Customer
1.0 out of 5 stars Playing to a popular narrative
Reviewed in Australia on 28 February 2020
Verified Purchase
I am a grandmother who bought five copies of the 2019 Barefoot Investor believing the advertising and reviews that it would be a very helpful money management guide for my adult and almost adult grandchildren. I gave three copies as Christmas gifts (2019). The fourth copy was part of a birthday gift for an intelligent fifteen-year-old boy who is interested in investing. Because of his age, I thought I had better read the book carefully to reassure myself that it there was nothing offensive to a young teenager under adult age.

To say I was dismayed by the politicisation of this book and the anti-male bias is speaking mildly. I am also angry to have wasted good money on offensive material.

Scott Pape uses unusually provocative language. The author's narrative dismisses the financial industry as full of cheats, described as ageing, balding, old white men whose principal goal is to cheat innocent people. Not only is that not true, it is insulting at many levels.

Here are some quotes which I believe are offensive, sexist, racist and completely unnecessary to the main message of the book:
"Truth is, buying alpaca as pests is like taking heroin for a headache: they're basically camels without humps, and with the aggression of Tony Abbott" [Tony Abbott was formerly prime Minister of Australia and a long-serving, hard-working Member to his community; "... middle-aged men ruin everything"; "another bunch of (mostly) white, balding men - our nation's politicians - haven't exactly covered themselves in glory."; "Fund managers like to eat at expensive restaurants and drink expensive wine... and then charge it to their expense account. Guess who ultimately picks up the tab? Hard-working super members. It's kind of like the opposite of sponsoring an African kid: 'part of your fees help us feed our (pasty, white, tubby, pin-striped-suit wearing) executive his lobster and wild prawn medley'."; "It was all fairly tame, as these things tend to be. Other financial experts, mainly old white men with far less hair than me (think Kochie) had given their evidence..."; "Case in point, for one of my columns I spent two days researching, interviewing and writing about how money can keep women trapped in violent relationships." Money also traps working men and fathers in violent relationships, so why the gender narrative? Why not just use the word 'people'?

I believe Amazon should remove this book from its website until the author, who himself is making millions as a financial adviser, redresses the offensive commentary.
7 people found this helpful
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L Harrison
TOP 500 REVIEWER
5.0 out of 5 stars Deservedly 5 stars.
Reviewed in Australia on 8 April 2021
Verified Purchase
A lot of useful information, keen insights on important issues, and a few dad jokes that nearly cost the author a star. :D

The only group I felt were underrepresented in the book were those who, whether by catastrophe or bad planning, find themselves five years out from retirement and with little accumulated. In fairness, this was something weighing on my mind because a friend, at 60, just lost everything. Is it even possible to achieve a comfortable retirement after a financial disaster like that? After fire, floods, Covid, and later-life divorce, I'd like to see Scott Pape's take on what can be done.

Back on track: If there's just one book you're willing to read on this subject, Scott Pape should be the author of it. A very well-deserved 5 stars.
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Amazon Customer
5.0 out of 5 stars Yep. I'VE GOT THIS, NOW.
Reviewed in Australia on 14 October 2017
Verified Purchase
Practical, commonsense, ROADMAP. Part of the struggle to be in control is feeling like you don't know where you're going. The exact steps... the route... the priorities... knowing what to do, how, when and why.
The sense of empowerment from this book is uplifting.
Thanks Scott Pape, for giving me the roadmap, and the confidence, to say: I've got this now.
2 people found this helpful
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Amazon Customer
5.0 out of 5 stars Loved this book!
Reviewed in Australia on 8 January 2020
Verified Purchase
Very well-written, clear and highly practical guide to help you manage your money! The world would look very different, if there would be more people like Scott Pape, the author of this book: loyal, honest, generous, trustworthy, committed to provide for loved ones and help others. Thanks Scott Pape! What a great book! I recommend everyone to read this book!
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Lyn R.
4.0 out of 5 stars Practical, Demystifying Product about Money
Reviewed in Australia on 4 September 2019
Verified Purchase
For everyday useage, this book can be a lifesaver for avoiding debt and bankruptcy. In Scott Pape's imitable style , he takes us through a journey of making saving for things interesting, and goals achievable. He enlarges on subjects applicable to people from all walks of life. Gifted writer who knows his 'stuff'.
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Edgard Lopez
5.0 out of 5 stars As a farmer I understood the concepts quite clearly!!
Reviewed in Australia on 16 December 2018
Verified Purchase
I bought this book, as I have seen the reviews and seem the right choice of financial book. Scott Pape lives in a farm and I felt that I related to his way of presenting this book. Now, I will apply his financial methods - Plan, Grow & Harvest.

A simple and funny book to read, in fact I read it in 3 days between the daily routine of farming and making notes on my computer. Great book!!
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Amazon Customer Kay
5.0 out of 5 stars best book ever
Reviewed in Australia on 10 October 2018
Verified Purchase
I have turned my whole world around thanks to Scott Pape.
My hubby has been saying things to me over the years that only rang true after reading Scotts book (twice) for that I am thrilled.
Everyone should have at least one copy in their library.
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Beverley Kennedy
5.0 out of 5 stars Financial Freedom & Self-worth
Reviewed in Australia on 5 January 2017
Verified Purchase
This book speaks straight from the heart of Scott Pape. His strategy and reasoning is reassuring and inspiring. I have already got copies of this book for my grown up children and spreading the value of this book with friends and colleagues. Top book! Top Author 🙏
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Dave R
5.0 out of 5 stars Very empowering, plan english and believable outcomes
Reviewed in Australia on 15 March 2017
Verified Purchase
Great, easy reading! Written in a way to make the reader comfortable with all the information. Well done Scott Pape!
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