Great price for this book.
Works out to be $6.90 after 7% cashback and $2 bonus cashback from Shopback!
** Fully reviewed and updated for the 2019-2020 financial year**This is the only money guide you'll ever need
CamelCamelCamel.
Why does this keep changing every year apart from it being his strategy to make a return on his book every year
He gives exact product recommendations. Product terms and conditions change frequently, so recommendations become irrelevant from year to year. Book is updated so the recommendations aren't out of date.
Should I wait we're close to 2020 now
It's updated for the current financial year, so really there won't be a new one for another 6 or so months
and he still can't afford a pair of slippers!!
Haha. You cracked me.
I grabbed a copy, hopefully both bonus and cashback tracks!
Don't forget your Dunlopillow
Oo…
Honestly, this book could be posted to OzB at RRP and I'd still upvote it.
If you have a decent understanding of finance this book probably isn't for you - but if you're in the majority of Australians who could use a gentle steer in the right direction the investment in this book will pay itself off (quite possibly literally) thousands of times over.
Absolutely well said !!!
Thanks OP. Got a copy of BF. Having read the audio book wanted a physical copy to gift the missus.
Last time this went on sale it was sold out during the day :-(
read the audio book
wut?
audible
read
a cautionary message in this deal just before click frenzy!
very nice!
Hmm I can see it for 9.50$ but unable to add it to cart …tried 3 times.
Perhaps the allocation is exhausted?
yep, same here.. and now back up to normal price.
…and now its back to 9.50
It's showing as $19.00 for me
Edit: Never mind, it's back at $9.50
Thank you, got it when it was back at $9.50
Hmm ..it is back in stock 20 minutes later ..!
Big W has it for $9.50 too if you don't have Amazon prime for free shipping.
Thanks. Got it off Big W for $9.50.
For those who've bought in previously, what sort of return per annum can a new investor expect from said bare foot?
Couple of hundred bindi and likely sunburn
Didn’t buy it.
Saved $9.50 !
Exactly. Who needs to buy a book on saving money. OzBargain is free!
OzBargain should have it’s own chapter in Scott’s book. If a spendthrift, at least get a bargain.
Read at the Big W, take pictures of important area you need. Put it back on the shelf. Now you read the book and saved $9.5….lol
I didn't buy it when it was $19, so I saved even more!
Ready to collect at Big W for me already. Hmm…
It's really a book for people who have no idea about saving. I think most people here wouldn't need it.
TLDR of book:
Get a bank with no fees
Get a super account with low fee's (Hostplus have a good one).
You should live off 60% of you income, 10% to short term savings (New clothes you want etc) 10% to long term (Holiday) 20% to blowing away your existing debts.
and invest into LICs.
Unfortunately, AFIC’s shot through the roof.
Is the paperback better than Ebook? and where is an available e-book?
What's difference For families?
if it's the only money guide you will ever need why is there a new one every year?
They update their recommended banks and super funds etc.
This year is ING and HostPlus respectively.
HostPlus (Indexed Balanced) like previous years?
Sounds like it, Sorry I'm at work so can't confirm.
if it's the only money guide you will ever need why is there a new one every year?
It's just marketing speak. Serious investors would reference multiple sources/publications/seek professional advice etc
I just spent the last 3 hours reading the book. It's full of serious no brainers really. Not that many people do it or even know about it but it's just basic training on financial literacy and getting all your ducks in a row. No doubt if it is followed to the letter over a large period of time it would create millionaires.
I can summarise in about a paragraph, it's very simple stuff that is logical. Cut up and pay off your credit cards, maximise your earning potential, put your money into 3 accounts, (essentials, non essentials, saving/rainy day fund), increase your super contribution to 15%, save up a house deposit, buy a house, put half your extra income into paying off your house quicker/half into index funds and allow compound interest to do it's work. Retire a multi millionaire.
That's the gist of it but obviously he goes into more detail, it's well worth a read, it's well more than $9.50 worth of valuable advice.
@sirlothie: Thanks for info :)
large period of time it would create millionaires.
How long?
Cut up and pay off your credit cards
Then we won't have Bargain points here 😅
@capslock janitor: Lol the Barefoot investor says there is no good reason to have a credit card. And for example a qantas point is worth .06 cents. A credit card is the worst financial decision you can make, I know from personal experience.
Probably in 20 years if you played your cards right you could have a significant net worth.
@sirlothie: well, I don't believe that applies to everyone,I've never paid 1cent of interest on credit cards however I do save on my Mortage interest as I keep all my regular expenses on the credit card for during the interest free period usually 55days and keep the cash on the offset account until the due date.
Plus flybuys points or ANZ reward points + free travel insurance ( Already claimed a stolen Gopro roughly $500 ) + lounge passes + free flights + initial offers when you apply for a credit card + fee free on international transactions, I can keep going…
@UrbionPT: well he actually lists all these reasons as why people justify having credit cards but he reckons that nobody actually pays their credit card in time and it ends up snowballing. for nearly everyone. except you so thats good, if it works for you, it works for you.
i think his whole package of advice is tailored for Mr Joe Average who lives a totally average life but everybody's life is different. a lot of his advice doesn't apply to me, wouldn't work for me, but i gleaned a fair bit out of it.
you would only follow it word for word if you lived a textbook, normal life with no exceptional circumstances.
Thanks been meaning to get this. Bargain with shopback cashback $2 plus 7%
Officeworks price match
Beat it by 5% of the matched price
How to make money? Write a book on how to make money.
How to make money? Run a course on how to make money.
How to make money? Play stock market with other people’s money, at a fee.
What’s the differnce between this book and his last release, barefoot for families??
Anyone read both?
Have not read either, but I would assume a single bloke has different financial interests than that of someone married with kids.
I have read both - the families one is written for parents with children (think jam jars for kids earning pocket money during early years -> teaching them to cook meals when the get older etc as preparation for moving out of home).
The first book mainly focuses on financial literacy simplified - a lot of it is straight forward and common sense - nevertheless still a good reminder. Personally I feel most people would get something out of it (ie being introduced to the use of insurance bonds for investments).
I liked both books. I even bought a few of them in July and gifted them to some uni aged students at taekwondo class who I felt could benefit as they got older.
Doesn't seem to have the "Family" one price matched to Bigw yet.