Why it never hurts to fork out for a pair of shoesby Wealth Architects / 29.08.2018
You’ve probably heard of The Barefoot Investor before. Pre-sales for his upcoming book have already surpassed the final instalment of the Harry Potter series. But here’s why you don’t have to tread down the tricky path towards financial independence in bare feet all by yourself.
It’s important to begin by saying this is by no means a criticism of what Scott Pape – the Barefoot Investor – teaches in his books.
After all, he has sold more than one million copies. You don’t achieve that without offering your readers valuable financial insights in the process.
He’s also got a lot more people interested in their finances, which is never a bad thing.
But just because you can take the barefoot approach to financial independence, doesn’t mean you have to.
What the Barefoot Investor preaches
Scott wrote his first book back in 2004. That was the same year a Victorian bushfire burnt his home to the ground and forced him to walk out with nothing more than a shirt on his back.
It’s a pretty powerful background story. Especially when you consider that over the next two years he re-built everything he lost.
Of one of his most successful books, ‘The only money guide you’ll ever need’, Scott says:
“I absolutely believe that if you read this book and you put in place the steps, regardless of where you are right now, you will be financially fireproof.”
This sounds great and all. And the content and the practices Scott preaches are quite good.
But it’s like reading a book about how to get fit or how to be healthy.
Knowledge is all but useless if you have a habit of never holding yourself accountable.
Your best foot forward
Say you sign up at a gym. Your trainer will make it their number one priority to hold you accountable and make sure you stay on track.
They’ll start you off with a tailored plan suited to your individual needs and goals. One that’s easy-to-understand and achievable enough to keep you motivated.
As you improve, your plan becomes more complex: you lift more, your technique improves, and your assets (aka your guns) get bigger. Most importantly, each step of the way you’re being guided by a professional.
A tailored financial plan is no different
We not only feed you knowledge – we tailor your plan to your individual needs and keep you on track with your goals in the process.
So if you’d like to find out more about how you can implement a life-long financial strategy – and actually stick to it – then come drop by (and we promise not to judge you if you rock up not wearing any shoes).
Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.