The Barefoot Investor
Scott Pape · 2016
The Barefoot Investor (2016) is a book by Scott Pape on Personal finance system. Scott Pape's plain-talking 'serviette strategy' replaces budgeting guilt with a simple automated system of buckets and bank accounts that takes about ten minutes a week and walks you from drowning in debt to a fully funded, fee-light retirement.
Practical 'buckets' money plan that became one of the best-selling finance books ever.
Three of the ideas you’ll keep
The Clif summary of The Barefoot Investor pulls out 7 insights. Here are the first three.
- Split every pay automatically into three buckets - Blow (60-70% for living plus a guilt-free splurge), Grow (long-term investing and super), and Mojo (safety cash) - so your money is directed before you can blow it.
- Open separate fee-free accounts (Daily Expenses ~60%, Splurge 10%, Smile 10%, Fire Extinguisher 20%) and set the splits on autopilot; willpower is unreliable, plumbing is not.
- Schedule a monthly Barefoot Date Night - go somewhere nice with your partner and do the money admin together so finances become a shared ritual, not a fight.
The other 4 — and the full 8-minute summary — are in the app.
What’s inside: 9 chapters
The whole summary runs about 8 minutes, read or listened to.
- Stop Budgeting, Start Plumbing
- The Monthly Barefoot Date Night
- Set Up Your Buckets and Bank Accounts
- Domino Your Debts
- Buy Your Home Without Drowning
- Make Super Do the Heavy Lifting
- Invest Like Don Bradman
- Build Your Mojo Safety Net
- Nail Your Number and Leave a Legacy
Finish The Barefoot Investor tonight.
Read or listen to the full summary in about 8 minutes, then keep the ideas with a minute of review a day. Start with the 2-minute quiz — no card required.
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