Need to buy a present for a young person who owns every single consumer item known to mankind?
Give them a hand to break the cycle of spending money like there’s no tomorrow and putting it all on their credit card by buying them “The Barefoot Investor: 5 Steps to Financial Freedom” by Scott Pape
The Barefoot Investor: 5 Steps to Financial Freedom
by Scott Pape
Scott holds an Australian Financial Services License (AFSL) so he knows what he’s talking about and he’s regularly invited to spread his “5 Step Barefoot Investor” message at corporate keynotes, schools, indigenous programs and prisons throughout the country.
Instead of working in the finance industry as a broker/banker/financial advisor he’s decided to make a living helping young people notoriously uninterested in financial matters understand the complex and often bewildering world of money management.
Scott is well regarded by the finance industry and media, regularly giving impartial financial tips on Australian Radio (Triple M, ABC Radio) & TV (“The Nest” on SBS ) as well as in his newspaper column.
Sir Richard Branson probably said it best when he stated, ‘The Barefoot Investor makes finance fun’.
It is Scott’s unique ability to combine his knowledge, experience and infectious humour to achieve what most people thought was impossible – to carve a niche in the financial market targeted at younger generations.
The main strength of Scott’s book is that as a young person himself, he understands the behaviour of young people driven to compete with friends to buy expensive cars, clothes, gadgets and spend big at pubs, clubs and bars partying several nights a week with reckless abandon.
To begin, Scott quotes Tyler Durden (Played by Brad Pitt) in the movie “Fight Club”:
Scott writes in a language thats easy to understand and knows that his suggestions have to be easy to implement & practical otherwise they’ll be ignored eg:
“[If you want cheap car insurance] don’t modify your car. For one, it makes your car more susceptible to theft, which means your insurance costs will go up, and secondly you’ll look (and sound) like a w*anker”
“The best way to finance a car is cold hard cash. Failing that, take out a small loan to get a reliable second-hand car that will get you safely where you need to go”
“If you’ve got personal debt [eg: personal loans or credit cards], you’re effectively owned until you pay it off. You’re not in control, and you’re going backwards fast”
“By using the well-known, time honoured strategy of dollar cost averaging .. we’ll soon have you timing the market and beating the pants of the so-called experts”
Using Google Books you can peek inside and read a few pages of the “The Barefoot Investor” before you decide to buy a signed copy from Scott’s new website barefoot.com.au