Greetings everyone. Today we have got this book at the best price so far after 50% cashback from SB (capped at $10).
The Barefoot Investor 2019 Edition $20.90 Shipped @ Book Depository
940
disa1377 on 10/09/2019 - 07:38 bookdepository.com (1561 clicks)
Last edited 10/09/2019 - 08:17 by 1 other user
Last edited 10/09/2019 - 08:17 by 1 other user
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I can't see any T&C's about multiple uses not being allowed?
Oops, in the notes:
Cashback is capped at one transaction per customer during the 50% cashback promotional period (as of 9am AEST). Cashback for additional orders will be rejected post campaign.
Great deal, great book. Pitty it's SB but I'll give them another chance to get it right…
I bought it last deal but never got a chance to read it!
it's a guidebook on how to manage your finances better to start saving up / getting out of debt as well as a suggested superannuation fund
good read took a few pointers
Are you trying to be a funny version of jv?
It's a book for people who are generally just bad at spending money. It guides you though managing your income, super and insurance, and tries to change your mentality on savings. It doesn't work with budgets but is a great help for anyone in debt, as it lines them up to knock out each one one by one, then work towards a house - nothing superficial or to do with investments/shares/etc. Just a simple guide intended for people in a bit of debt, who have enough to live but never seem to save.
Has worked wonders with me, and have had mates go into detail on how the book changed their life. People I tried recommending the book to that is.
I highly recommend getting the book, but also dropping a free trial audible credit on it so you can hear the author just ram the methodology into you.
@hey aj: Yes, there is information in there for you. For instance, property is a terrible investment and you should sell most of your properties and invest in things that actually make good returns. If you have multiple properties that you owe nothing on, then good for you, but if you think that means you have nothing to learn, then you'll lose out in the long run.
@fratzhaus: If I've got a decent handle on my finances, is there much in there for me do you think? Only debt is HECS and soon a mortgage, aware of bank fees, churn credit cards, small share portfolio.
@wittyusername: Not really. It's suited to the majority, people with no emergency cash, just people spending their money pay heck to paycheck.
If you don't think that's a lot of people, there are heaps of studies detailing how some people couldn't even handle being hit with a $1000 emergency.
https://www.google.com/amp/s/www.cnbc.com/amp/2018/12/19/60-…This book is for those that want stability in their finances, but we're too lazy to do anything about it. It's designed in actionable 'steps' that the reader can actually do word for word to put themselves in a better position - the kind of stuff you'd probably think is obvious - and it is, it just needs to be laid out in front of some people.
If you don't think that's a lot of people, there are heaps of studies detailing how some people couldn't even handle being hit with a $1000 emergency.
Clicked the link and dismissed the article when the heading said "millennials" as I am not surprised at all that the next generation has no clue on finances.
I then did a quick refresher search and realized that I am regarded as a millennial…
@hey aj: Also mate, reading the article shows that "boomers" are only 20% better off.
The article itself is crap and is based in the US, but the levels remain about the same for aussies. Plus that article is just relaying data from a study, it's overall input is useless.
@fratzhaus: Thanks mate. To be fair, if I got hit with a $1000 emergency that seems like an easy spend to get more points, I'd definitely be using the credit card!
Nope. This guy is absolute against those guys. Unlike other 'advisors' he's not looking to fleece people
Anyone read this and the families edition - is it worth having both, are they distinct enough from each other?
I purchased both, I would say it is worth it. Reason is:
- Th original one is focusing on personal finance, how you manage your finance, decrease your debt and save deposit for a home, super.
- The family one has some ideas overlap to the original one, but there are some good ideas about teaching your kids like saving, never have credit card, reward them to find a good deal, help them to have part time job when studying.I think as a parent, I can extract a little bit of idea and apply to my kids. :)
Original one: why save a deposit for a home in this market?
Isn't renting a better option? Am I missing the bigger picture?You are missing the long term picture. 😀
You never know mate, it is always better to save now, then when the chance come you don't have to regret you should have saved earlier. For example, if property prices drop next year, you have some saving toward deposit more than now.
@codinghelloworld: No cc is pretty naive no? Smart consumer use cc to better manage their cash flow while being rewarded for everyday spending.. Also help build good credit rating for smart consumer by not raking up debt. I would definitely recommend cc to my kids asap. Kogan started his empire using cc cash advance remember?
reward them to find a good deal
So, sign your kids up to ozbargain?
Nah, in the book, the author states that:
- show your electric bill to your kids, challenge them to find other provider which can offer cheaper rate, then your kid will have the balance difference.To me it come to 3 points:
- Help your kids to do research and find the other product on the market.
- Help your kids to negotiate and phone to the provider, challenge the provider to give your kid a better rate.
- Improve kid's confidence when talking with stranger etc.
FYI it is $11.38 after cashback. Cashback value (in my email) is $9.52. Not sure how they get that. I think the cashback is on the pre-GST value which would be 50% of $19 = $9.50. So I guess you get a bonus $0.02.
Hasn't even shipped yet and already you are saving money.
Any hot share tips?
Nope. That’s in Barefoot Blueprint.
Buy BTC n HODL
Rookie all in Substratum and Bitconnect!!!!!!
Edit. Please don't do this
Funds are safu
WHADDAMIGONNADOOOOO?
Can U redeem this multiple times?
Nope, additional cash backs will be cancelled after the promo. They won't actually land that is.
Right. So basically like I can only redeem it once and that's it.
It's a good book, bit basic but good
Has that much changed in 3 years?
I'd be curious if ING is still recommended for the savings accounts, considering the cut the interest rates took this financial year. (though not sure when the 2019 version came out?)
Around Oct/Nov 2018 it went to the presses
ING is still recommended in the 2019 version lol
Interest rates for starters, housing prices and the best super options.
Your council library will probably have this in ebook form for free.
I just signed up for 1 month free audible and got the eBook for free. You get to keep the eBook even after your free trial ends.
Does both version (normal and family) available for free with your method?
I’m not 100% sure. I only saw the normal (2019 updated) version, but I wasn’t looking for the family version.
Scam book that serves as nothing but an advertisement for certain super funds and ETFs. You'd be better off sitting down with a financial adviser to sort this kind of thing out.
Do you know if the author has profited in any way by directing readers to a preferred super?
I agree with you on seeking advice from a financial advisor, it's how I got my affairs all sorted and started my portfolio in the property market. Information that is tailored around your circumstances is much more beneficial than general advice.
But this book is tailored to people who cannot even save some money from each paycheck. I think that is why it is so popular on OzBargain.
Strongly disagree mateoka. Everyone is entitled to their opinion, but your blanket accusation contradicts the testimonies of literally thousands of Aussies and many endorsements from people in the know. If any of these "financial advisers" you do trust (many of whom don't have financial independence themselves) wrote a better book I'm sure it would supersede this one as Aus's best selling financial guidance book. Unless you're calling conspiracy, in which case here's some more tinfoil for your hat.
If you think it's all common sense: great. But why would you condescend to those who have never quite managed to take control of their spending, saving, super, insurance and investments? And all those who were able to follow the steps in this book (or others like it) to finally escape bad debt and feel a sense of control and hope for the future?
tldr: We found it practical, realistic, relatable and reliable. YMMV.
Agreed.
My wife and I are on pretty decent incomes but always seemed to have nothing in the bank account. Combining elements of this book along with budget management apps like YNAB has seen our bank balance increase very quickly and bills no longer take us by surprise and demolish what is left in our account.
Disagree it’s a scam but it’s also no silver bullet. It won’t work for everyone as everyone’s circumstances are different.
I would even go as far to say as to the typical tight arse ozbargainer the book contains everything you already know. Agree its a good starting point for people who have little idea about money however.
Not when it comes to sorting your life insurance. Rarely discussed on OZB.
Yep this and all the insurances attached (or that you can opt for) and how complex the different offerings can be to even make a claim… Big area that needs investigated.
Pretty sure I saw this with 2019 revision in Kmart for $18.
Your posts are nearly as annoying as ivis
Are you the new JV??
Unlike JV, I feel like I actually have something to contribute to the community.
If you find this book revolutionary, you have a lot of catching up to do in getting your finances straight.. Its uber basic stuff
TAXI!
You manage to both condescend and humblebrag in one short comment.
smug superiority: nailed it.
Ta
Lol. Er… ;)
You're right, it is "uber basic stuff" but with people like you calling it out for being "uncool", many of your peers will continue to lack "uber basic knowledge".
Isn't that better for me
i have completed the audiobook. like many motivational books out there it's mostly common sense. especially when you are a migrant from Asia it's pretty much what you been taught all along
if you are ozbargin regular you already possess the conscious mindset to save. then what scott took it further is to pay off your home then invest in shares. I find it is the complete opposite to what other investment books suggest to borrow money from bank and level 5 times in property.
if you are ozbargin regular you already possess the conscious mindset to save.
Save money? This is where people come to inflict themselves with social anxiety and spend money on products they don't need.
haha true.
Cheers OP, grabbed a copy! $10 after cashback for this book is a good price
This book is primarily geared towards those with debt, who have trouble saving, or haven't done their own research on the best bank and home loan rates. It's great if that's what you need. But don't expect anything too advanced. It's not really for those who already have a handle on their finances and want to invest or majorly grow their savings.
It's also geared towards anyone who hasn't really considered a financial plan, or what their retirement is going to look like, or have any kind of clue why Super matters, why they should be contributing to Super, why they should want to buy property.
All these years and he still can’t afford shoes or even thongs
Is it worth buying this book, or would a borrow from the library be better? Does anyone who owns the book actually pick it up for a re-read of certain parts or the totality of it?
Already spent about $30 on book depository under this deal and bookshelves are almost bursting, so want to know if it's really worth having a copy at home.
I borrowed it as his writing style i find too long winded. Just copied the points that were relevant to me.
Also he says he will be updating it every year so the info may become out of date anyway.
Ah, thanks. Sounds like a textbook kinda read.
Ended up borrowing the e-audio.
$19 on Amazon AU (free shipping with Prime), but no Book Depository cashback deal.
Oops nvm, seems I'm half asleep
Good price