Barefoot Investor Quotes

Success isn’t found in the eyes of others: buying things you don’t need, with money you don’t have, to impress people you won’t know in 20 years’ time.

Baumeister says that people who succeed don't have more willpower than you: they just develop better daily routines and habits, which after a while become automatic and require less thought — less conscious energy.

Sixty-two per cent of Australians believe they cannot afford to buy everything they really need. When we consider that Australia is one of the world's richest countries and that Australians today have incomes three times higher than in 1950, it is remarkable that so many people feel their incomes are inadequate.

​The average wage in Australia is $78 832, according to the ABS. If you plug that into globalrichlist.com it shows that you're in the top 0.28 per cent of the richest people in the world by income. Yes, even on the average Aussie wage you're richer than 99.72 per cent of the global population.

That's the way I look at our marriage. Yes, we're parents, uncles and aunties, friends and bosses, but at our core we're just two big kids doing our best to create a life for our kids that makes us proud.

At any stage of the game — regardless of your educational level, upbringing or age — you can decide to leapfrog the pettiness of people to achieve your goals. When you make a commitment and have the courage to stick with it through thick and thin, you'll double your income — and more.

Inflation is like a moving treadmill. Prices don't stand still — they keep increasing year on year (5.5 per cent per annum over the past 45 years in fact). If you stick your money under the bed, or in a transaction account earning 0.1 per cent interest per annum, then you're doing the equivalent of standing still on that moving treadmill. It's not safe. It's incredibly risky and it will have a devastating impact on your retirement.

Youth and adult suicide rates have doubled or tripled over the past forty years. The biggest-selling drugs are those treating depression, anxiety and stress. The onset of depression now occurs at age fourteen, anxiety at age eleven. Obesity and diabetes have reached epidemic proportions.

The Barefoot Investor by Scott Pape.

obvious reason: giving people extra money to buy a home just filters through the market and makes them all more expensive. The real winners of the first home buyer policies are people who already own

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mortgage.