The Barefoot Investor
Five Steps to Financial Freedom in Your 20s and 30s
2006. 220 Pages, Softcover
ISBN 978-1-84112-715-6 - John Wiley & Sons
The Barefoot Investor is about creating the financial freedom to live your dreams, whatever your age. It shows how getting your financial act together can be downright sexy, allowing you to achieve the things that mean the most to you - regardless of your income.
Scott Pape, the Jamie Oliver of finance, writes for the young and hip who want to enjoy life now - not to wait on dead men's shoes. He shows you how to manage your money to do the things you want: whether it's to quit the job you hate to make a career of what you love; buy a cool flat; go backpacking; or build a wealth portfolio for the future. It is packed full of simple tips, tricks, checklists and quizzes that will help you to transform your personal wealth with minimum effort.
By following the Barefoot plan you can make your money work for you. There are five simple steps here showing you how to save it, invest it and let it do the hard work for you so you can tread your own path. At last, you can live your dreams and pay for them too.
From the contents
Introduction: Going Barefoot.
There's a Barefoot Path for everyone.
What does the Barefoot Investor stand for ?
The way of the Barefooter.
The Barefoot Plan for living large in five easy steps.
Step 1 - Keep It Real.
The label game.
Talking 'bout my generation.
The future is going to be expensive!
Step 2 - Look Out for Number One.
Control your cash.
Barefoot Bondage - a little light discipline.
Robbing banks - choosing the right accounts.
Bank fees - the enemy.
Banks v credit unions.
Step 3 - Repo Your Repayments.
More money than problems.
Delving into debt.
Green with envy.
Different types of debt explained.
Paying off your debt - an action plan.
The debt pyramid.
Checking your credit history.
Step 4 - Work Your Mojo.
My humble beginnings.
Why you will become a millionaire - compound interest (the eights wonder of the world).
What are your options.
Becoming a stock jock.
Warren B - the original regulator.
Let someone else do the hard work for you.
Choosing a fund - outsourcing investing.
Farnsey v Barnsey.
What happens if the stock market crashes.
The Mojo action plan.
Step 5 - Have a Backup Plan.
Always use protection.
Why have insurance ?
Insurance explained simply.
The price of love.
We need to talk.
Sorting out your records with the shoebox method.
Chapter 6 - Property: a British Love Affair.
Turning the dream into reality.
Four walls: home or prison ?
When is the right time to buy ?
Why property prices have hit the roof.
Buying v renting.
Getting a deposit.
Chapter 7 - Barefoot Entrepreneurs.
Young, restless and successful.
Triple M - Marriage, Mortgage and Midgets.
Turning youth to your advantage.