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Barefoot investors book, thoughts?

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#1 Charli73

Posted 21 January 2017 - 07:31 PM

So I do love to read The barefoot investors column each week and it all common sense..
Anyone read his latest book?
I think I could change to a lower free super fund but setting up 3/4 extra bank accounts right now seems crazy as I can't do anything with the mortgage as it's fixed too..
hubby isn't interested in a date night to discuss money either, he says it's just my job to manage it (even though he makes more $ than I do)...

Any feedback if all the changes have made a difference?

Edited by Charli73, 21 January 2017 - 07:31 PM.

#2 galba

Posted 21 January 2017 - 07:42 PM

I joined up on the website and it gives you access to the facebook page where you can ask lots of questions.

#3 Morally Bankrupt

Posted 21 January 2017 - 07:56 PM

I haven't read the book but since I don't know anything about shares etc I subscribed for a year to the Barefoot Investors club.  While I didn't end up doing much of the stuff he recommended I did find it interesting as there were a lot of other financial things I didn't know about. I really like the way he explains things and they also have podcasts, recommended shares and newsletters etc.

#4 Bearynice

Posted 22 January 2017 - 05:53 PM

My DH has the book and is currently reading it. Im not sure that it would be something that I would buy if your husband isnt interested in working together on the budget.

It seems like there is lots of relevant info for us in there [mid 30's couple with kids]

We havent implemented much yet.. but have discussed a few things along the way.

Personally I cant wait for DH to finish reading it so I can have a read!

#5 Amy 1976

Posted 22 January 2017 - 08:50 PM

My DH and I just bought and read the book. We love having date night and are putting in place all of the suggestions so far as they apply to our circumstances.

It is good advice and if followed will put you on the path to financial freedom.

#6 sandgropergirl

Posted 22 January 2017 - 08:54 PM

I haven't bought the book but do read the columns, i think his advice is very sensible

#7 Charli73

Posted 22 January 2017 - 09:57 PM

I'm going to make some calls tomorrow about our super, that's the only thing I can change right now..

Even though DH and I are with low cost industry super funds they still charge fees which are kind of high so that's one starting point I guess..

#8 Jaffacakes

Posted 22 January 2017 - 10:34 PM

Just finished reading it and relieved to know that we are doing most of the basics. I would like to get more into shares though so will be re-reading that section and I'm also considering setting up salary sacrifice for super (have recently restarted back in the workforce so haven't gotten around to it yet).

With regards to the multiple bank accounts, I'm going to have a better look at the interest rates on the accounts he recommends but as we have an offset account I'm not sure if it will be worth it (plus too confusing). I already use his principles though and have money put aside for emergencies, for splurging, long-term goals etc. within the offset account (I use YNAB to keep track of what is what) - with long-term savings (ie. do not touch money) transferred directly to the loan account.

#9 Overtherainbow

Posted 24 January 2017 - 06:04 PM

If you want to learn more on shared, try the ASX share game for free when it comes up.  Also try and find Anita Bells pocket guide to shares.  When you sign up for etrade, most sites have recommendations to help.

I'd try and get the book through the library, it's free :-). If you find it's one you want to keep referring to, then buy it.

#10 nom_de_plume

Posted 24 January 2017 - 06:13 PM

As someone who works in finance, I find he is great at distilling often complex information and making it understandable for the lay person. Definitely worth a read and his advice is relevant and applicable to most people.

#11 Rilee's~Mama

Posted 30 January 2017 - 10:56 AM

Thanks for starting this thread OP, I was coming in to do the same!!

I ordered the book from book depository after seeing it mentioned in multiple threads in EB. Just finished reading it over the weekend and looking forward to getting started.

I was looking at the Barefoot Blueprint on the website, but can't really justify the $400 for a year's subscription. I think I'll see how I go with the Date Nights and implementing the Stages.

As a single parent with a mortgage I really need to do something with my finances, so I'm pretty excited to see how it all comes together.

#12 goody2shoes

Posted 30 January 2017 - 03:07 PM

If you are looking for some good solid financial information for everyday people, Noel Whittaker's books are excellent.

#13 ~ river song ~

Posted 02 February 2017 - 08:41 AM

I'm a total convert to this book and Barefoot. I've become the equivalent of an evangelical bible bashed lol. I read the book in one day and finally feel I've found a system that actual is simple and works for us. Even just a few weeks in we've smashed through some debts that were hanging over us, got a better deal on our insurance and banking. Adjusted our super and started putting more away in savings.
It's not a 'get rich quick' load of rot it's about being smart with your money so you can have some security and not be stressed out about finances all the time. Sensible and simple advice.

#14 NastyAH

Posted 02 February 2017 - 09:01 AM

I bought it too thanks to this thread! Also read it in a day. Loving the simplicity and no bs. Our finances are pretty ok but that's only by fluke so the simple, structured format has really clicked with me.

Thanks for the recommendation!

#15 Sunshine streaming

Posted 04 February 2017 - 07:04 AM

May I ask if anyone has signed up to the yearly membership and actually used the investing advice with success?

#16 Charli73

Posted 04 February 2017 - 08:15 AM

I didn't as I don't really have the spare cash right now and my only shares were a failure but I would be interesting to hear of anyone's successes too..

#17 nasty_maiden

Posted 08 February 2017 - 04:50 PM

Is his new book very similar to the old one?

eta: by old book, I mean the five steps to financial freedom book

thank you!

Edited by nasty_maiden, 08 February 2017 - 04:52 PM.

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