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Book Review – The Barefoot Investor July 29, 2012

Posted by Meike Suggars in Book Review, General, Personal Insurance.
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1 comment so far
The Barefoot Investor - Scott Pape

The Barefoot Investor –
Scott Pape

Written by Scott Pape,
Published by Pluto Press Australia, 2004 – pre-GFC!

Topic – personal financial management

In one sentence – a hassle free, step-by-step guide to controlling your money so you can control your life

What I liked – this book shows how everyone can be financially independent and build wealth, no matter what you earn. There are no scary terms or principles yet it’s not patronising so you don’t feel like an idiot for not knowing all of this stuff. There’s no reason why you can’t take the first step straight away.

What I didn’t – Scott thinks car insurance is more important than personal insurance! But how do you pay your car insurance premium if you have no income because you’re sick and can’t work?!

What I learned – how interest free store offers really work and how badly they can bite you if you don’t completely clear the loan before the xx months are up.

Perfect for – anyone who groans when they get a bill, seriously wondering how the hell they’re going to pay it

Score: 3.5/5

What others said: http://www.amazon.com/gp/aw/d/1841127159

What else? Be careful if you buy the book from an overseas website – you want the Aussie version not the English adaption!
You might have heard Pape on Triple M and ABC radio, or read his column in the Herald Sun.

Don’t forget, it’s important to seek proper financial advice before buying any financial product to make sure it’s right for you and your own personal situation. Don’t just rely on a book.