The Barefoot Investor by Australian Scott Pape is an excellent book and it has been instrumental in changing the financial direction of not just Australians but also of Kiwis. Many people have asked me to work out what the Kiwi equivalents are of the providers he recommends. I’m not saying this is a conclusive list, but I’ve given it my best shot.
This week I sat down and took a bit of an ‘end of year’ look at how 2018 has been financially for our household. I don’t do this on a set date each year, I just felt interested this week so I checked it out. Being the over-sharer that I am I thought you may also be interested?
I met Pete when he dropped me an email telling me he had found my podcast and “burned through both seasons”. Pete and his family have plenty of time to do this because they have currently taken a year away from New Zealand to hang out in Vietnam. In this guest blog post, Pete explains it’s extremely doable and incredibly worthwhile. Take it away Pete…
This question was sent in by Declan a while back, but it is one that crops up in my inbox relatively consistently as well, so I thought back to what I did and what I would do if faced with the situation he is proposing again.
Each week I receive great emails from YOU where you ask me all sorts of questions regarding life and money. Tim got in touch asking about how to go about changing banks and he had the following questions…
I have fielded the question “why don’t you buy a Lifestyle Property?” more times than I can count. I actually have this cracking rural lifestyle on 900m² because I live at the end of short cul de sac in town. I could have bought a 10 acre plot on the outskirts of town but I would be stretching myself financially (and physically) to do it.
At age 44 it feels like a bit of a milestone, to finally turn my back on ANY access to credit and lending of any kind. I seriously feel a bit like a grown up now and I’m kicking another Australian owned bank to the curb and chopping up my credit card.
I have reached a point where I’ve learned a bit more about myself. When I heard that the stock market had “plummeted” it actually didn’t unnerve me at all. Warren Buffet would say that I have not lost anything, because I didn’t sell, the value of my investments has simply changed and by my calculations, I’m down 4%. If I freaked out and sold then I would have locked in my losses. But I didn’t and I won’t.
Once WE as adults become better with money then it’s natural that we want to enlighten our kids, grandkids, nieces and nephews so this book is a must read in my view because it guides you through the steps of how to do it WITHOUT annoying the hell out of the child.
