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4.8 out of 5 stars
4.8 out of 5
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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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Top positive review

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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

victor matthews
1.0 out of 5 stars If You Want to Retire Wealthy - Don't Buy This Book
Reviewed in Australia on 22 May 2020
Verified Purchase
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.
31 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.
8 people found this helpful
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"Alberta"
1.0 out of 5 stars Info excellent however book arrived dirty and very damaged.
Reviewed in Australia on 6 December 2020
Verified Purchase
The book contents are great, I already have a copy and bought this one as a birthday present for my niece. I’m very disappointed with the physical condition of the book. It arrived looking like it had been dropped on the corner and then stood on. The cover and all pages on one corner are bent and folded, and it was covered in dusty dirt. It is in no condition to read, let alone give to someone else. A total waste of money because I now need to go to a bookstore and buy another copy.
2 people found this helpful
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LB
1.0 out of 5 stars Kindle format doesn’t work
Reviewed in Australia on 10 February 2021
Verified Purchase
I would like my money back. The kindle format has many pages missing, jumping from page 36 to 55. Same thing happen to a friend that bought the kindle book. It’s impossible to read. The intro (the only thing I could read properly) has many, many sexist and heteronormative comments, I don’t care what the author says, it was written for heterosexual men.
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LB
1.0 out of 5 stars Kindle format doesn’t work
Reviewed in Australia on 10 February 2021
I would like my money back. The kindle format has many pages missing, jumping from page 36 to 55. Same thing happen to a friend that bought the kindle book. It’s impossible to read. The intro (the only thing I could read properly) has many, many sexist and heteronormative comments, I don’t care what the author says, it was written for heterosexual men.
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David Hamilton
1.0 out of 5 stars Ability to build wealth
Reviewed in Australia on 23 June 2020
Verified Purchase
Extremely basic and instills nothing but working harder rather than working smarter. Disastrous and ridiculous number of Bank accounts and little to no idea about real estate as an option!
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Rama B.
1.0 out of 5 stars Disappointed
Reviewed in Australia on 16 December 2020
Verified Purchase
Disappointed as could not find many changes from 2019 edition
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Dawson Street
1.0 out of 5 stars Overstated & Overrated
Reviewed in Australia on 24 September 2020
- First up, this bit on the front cover may be overstated - "The Only Money Guide You'll Ever Need" - I'd caution anyone reading a finance book with that as the headline!

- Throughout reading, I found the book talks in themes of simple common sense, is easy to follow and likely has helped people manage their finances better than they have previously. (A good thing).

- For me (as a reader of other finance books previously) there doesn't seem to be any new or unique ideas. I felt I was reading already established and well understood finance concepts albeit expressed differently, interfaced to present times in Australia.

- I'm not sure it is the authors intent to make it feel like these finance concepts are new or unique but this was how it was projected to me throughout the book. "Gimmicky" is perhaps the word I'm looking for.

- I felt the language set used by the author in making his points was rather absolute to the point of being dogmatic at times (much like the proclamation on the front cover). I find this approach abrasive and arguably dismissive of alternative ideas which may merit consideration

- Throughout the book I was confused. The author appears to have went to some length to describe himself as nice, friendly, very down to earth, simple kinda guy with no pretence. Just another regular guy (with no shoes) trying to make his way through life as best he can for him and his family (just like everyone else). He is here and written this book to help you along with him to achieve a positive financial outcome. Great!

- However when reading his opinions on certain subject matters, I felt the mood change and the writing came across as incredibly brash, arrogant, conceited and smug. A considerable amount of this was cloaked under sarcastic humor. To what purpose does this serve?

- On consideration, I am not sure why this book attracts the strong reviews it does but good luck to the author.

Overall: Overrated - but I accept that many likely have found benefit from it which is good. As above I very much dislike the writing style at times and feel that a lot of the opinion within the book should be handled with significant caution. (I'm rating this book 1 star because of this)

Wish I'd spent my money on a reasonable bottle of red wine or invested it for the next 40 years instead. Perhaps I could use the projection math to determine what my investment return could have been. Oh well.
3 people found this helpful
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X
1.0 out of 5 stars Average Advice - seriously dumbed down
Reviewed in Australia on 14 July 2021
If you compare this book to other wealth acquisition titles then you'll realise just how average this advice is. I returned it after reading the first few chapters.

The fact the author specifically mentions ING Everyday Account just cements how everyday his advice is, plus makes me suspect he's being sponsored by ING.

I'd recommend finding books on specific subjects such as real estate investing, options trading/stock market investments, precious metals etc if you want to increase financial iq. This book is the slow track to success and focuses on playing it safe.

It doesn't mention much about acquiring assets, just liabilities. Increasing your super to 15% is dangerous in a world where your super can be wiped out overnight in a crash. I personally know people who lost over $10000 when the market blipped in early 2020 so it's bad advice to follow.

Read and follow his advice at your own peril.
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Jarod
1.0 out of 5 stars Don't take money advice from someone who can't afford shoes
Reviewed in Australia on 8 January 2018
From the first couple of pages you'd think he was a fairly shrewd investor, however this book goes on to prove that the only people who should be reading it are the same sort of people who fall for ponzi schemes. Honestly if you're enough of a dullard to believe or use anything from this book then you're as bad as an investor as the guy who wrote a book boasting about how he was an 'investor' who doesn't even make enough money to afford shoes. Hopefully there is a book out there by the rich well dressed investor, although I imagine it would be far less relatable to the average dullard who would find the barefoot investor very relatable and aspirational.
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Juan Pablo Riveros
1.0 out of 5 stars 'Barefoot' Quality
Reviewed in Australia on 29 March 2020
Very poor quality, Amazon won't let me upload pictures but some pages are stitched together and some of them are tilted about 40 degrees. Will be returning this item.
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