The Barefoot Investor The Only Money Guide You'll Ever Need Book Review
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The Barefoot Investor by Scott Pape is a comprehensive guide to personal finance and wealth creation. It has been a bestseller in Australia and has helped millions of people gain control over their finances. In this book review, we will dive deep into the book’s content, its style, and its effectiveness.

Overview of the book

The Barefoot Investor The Only Money Guide You'll Ever Need Book Review

The book is divided into nine chapters, each covering an essential aspect of personal finance. It starts with Pape’s personal story and philosophy towards money, which is centred around the idea of “mojo.” According to him, mojo is the confidence and motivation that comes from having control over one’s financial situation.

The book spans nine chapters that cover a simple seven-step plan for financial freedom and crucial aspects of money management.

In the first chapter, Pape introduces his philosophy towards money, emphasizing the importance of developing financial confidence, or “mojo.” He shares his personal story and outlines his approach to achieving financial freedom.

The second chapter delves into the importance of setting up a solid financial foundation, including creating a budget, establishing an emergency fund, and protecting one’s assets with insurance.

Chapter three explores debt management strategies, including how to pay off credit card debt and mortgages efficiently. Pape also provides advice on negotiating with banks and creditors.

Chapter four covers the topic of investments, including the basics of stocks and bonds, how to choose a superannuation fund, and how to invest in real estate.

Chapter five focuses on setting up automatic systems for managing money, including how to automate bill payments, savings, and investing.

Chapter six covers the concept of “smile” accounts, which are separate savings accounts for specific financial goals, such as travel or buying a home.

Chapter seven is all about simplifying finances, including consolidating bank accounts, reducing expenses, and avoiding financial scams.

In chapter eight, Pape introduces the Barefoot Steps, a simple seven-step plan for achieving financial freedom. He provides practical tips and tools to help readers implement each step.

Finally, in chapter nine, Pape offers advice on how to stay motivated and continue building wealth in the long term. He also briefly touches on the importance of giving back and charitable giving.

Writing style

One of the most impressive aspects of The Barefoot Investor is Pape’s writing style. He uses a conversational tone that is easy to read and understand. He also shares personal anecdotes and stories to illustrate his points, making the book relatable and engaging.

Pape also uses humour throughout the book to lighten the mood and make finance less intimidating. For example, he refers to credit cards as “vampires” and encourages readers to “kill them off.”


The Barefoot Investor is effective because it provides practical advice that readers can easily implement in their daily lives. The Barefoot Steps, in particular, are a simple and actionable plan that anyone can follow.

Pape also emphasizes the importance of automation, which is a key component of his budgeting and savings strategies. By automating payments and savings, readers can set themselves up for financial success without having to think about it too much.

The book’s emphasis on building habits and routines is also effective. Pape acknowledges that personal finance is not just about numbers, but also about mindset and behaviour. By focusing on creating positive financial habits, readers can improve their overall financial health and well-being.


While The Barefoot Investor is an excellent guide to personal finance, it does have some limitations. For example, the book is geared towards an Australian audience, and some of the specific recommendations may not be applicable to readers in other countries.

Additionally, the book focuses primarily on personal finance and wealth creation, which may not be a priority for everyone. While Pape briefly touches on the importance of giving back and charitable giving, the book is primarily focused on individual financial success.


Overall, The Barefoot Investor by Scott Pape is a fantastic resource for anyone looking to improve their financial situation. It provides practical advice, tools, and strategies that anyone can implement, regardless of income or financial situation. Pape’s conversational writing style and humorous tone make the book engaging and accessible, while his emphasis on habits and automation makes his strategies effective. While the book has some limitations, it remains a valuable guide to personal finance and wealth creation.

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