Mental health and financial stress are intricately linked and most of us know when we are struggling mentally, it is important to reach out. But it’s crucial to remember there is help at hand for financial worries also, writes the Barefoot Investor.
According to the banking regulator, one in 10 Australian mortgages are paused right now, so if you were in hot water before COVID hit, don’t just sit there bubbling away, call to speak to a financial counsellor right now, writes the Barefoot Investor.
Being stuck at home during stage four coronavirus restrictions has given us one thing — time. Start by getting a better deal on your home loan, turn your trash into cash, or get your kids to do it, and find the best ways to brighten your financial future, writes the Barefoot Investor.
The price of gold may be on the rise but it’s not quite as shiny as it seems. When it comes to long-term gain, it pays to follow the golden rule — only invest in things that regularly put money back in your pocket, writes the Barefoot Investor.
Despite the COVID crisis, money questions have been flooding in from readers about how to buy and trade stocks, or even gold. Maybe it’s down to raiding super, or the government stimulus, but the key to financial control is first to get out of debt, writes the Barefoot Investor.
Fact is, every generation must play the financial hand they’re dealt, and as a result of coronavirus one generation just got handed the Joker. But there are ways they can still fight their way up the money ladder, writes Barefoot Investor.
We are in the midst of a deadly pandemic that shows no sign of slowing, but before you turn to the volatile stock market to make some extra coin — there are easier (and safer) ways to invest your money, writes Barefoot Investor.
Coronavirus is causing all sorts of stress but succumbing to scammers on Facebook or borrowing right now to invest will only make it worse. The Barefoot Investor says sorting your finances — and trying a weighted blanket — can help us all sleep more easily in these trying times.
Whether you’re getting ready to expand your family or you’re still in your 20s and having fun, paying off your debts remains the most important step on the road to financial freedom, writes the Barefoot Investor.
Right now we’re in the early stages of reopening the economy and riding a wave of optimism after a long lockdown, but by September we’ll be smack bang in the deepest recession in living memory. So now’s the time to hatch a plan that gets you on the front foot, writes the Barefoot Investor.
As coronavirus panic descended it seems low interest rates and the fear of missing out made everyone start buying shares. Whether that was a wise move remains to be seen, writes the Barefoot Investor.
More than 1.8 million Australians have seized on the chance to dip into their superannuation. But family finance guru Scott Pape details why it could be a very bad decision.
Aussies are the biggest punters on the planet and credit cards used for gambling are a huge money spinner but it’s time to pile pressure on banks to put families before their profits, writes the Barefoot Investor.
Clearing your name after you’ve become the victim of identity fraud can take hours of work so the best approach is to keep yourself safe from scammers, writes the Barefoot Investor.
This Mother’s Day we’re going to celebrate dedicated, courageous, ferocious mothers who never back down. Here are just a few inspiring lessons — from real mums — that we can all learn from, writes the Barefoot Investor.
It looks like we may be heading into a deep recession but that’s no reason to start raiding your super and all the more reason to start preparing immediately. None of us knows what’s ahead but the best we can be is ready, writes the Barefoot Investor.
The government has opened up the flood gates for Australians facing hardship during the COVID-19 crisis to access their super. But as Barefoot Investor explains, you should think carefully about dipping into your nest egg to help pay your mortgage.
Make no bones about it: we are at the start of a very, very steep curve — the Financial Crisis Curve. And when we reach our peak rate of infections it could be financially devastating, writes Barefoot Investor.
When you’ve lost your income it can be hard to know just what you should be spending your money on. The Barefoot Investor reveals three simple steps to help you get through the coronavirus crisis and why a “loan holiday” may not be the best thing for your mortgage.
Those who have lost their jobs or their small businesses during this coronavirus crisis are being offered a gamble by the government by being allowed to withdraw super. So how do we play our hand, asks the Barefoot Investor.
As the coronavirus crisis deepens it’s natural for us to worry about our finances. And while we are facing global uncertainty, there is one measure no one should turn to, writes the Barefoot Investor.
The past three weeks have been emotionally harrowing, especially for older people, but making investment decisions now is like being a mad shopper in Coles, hurtling down the aisle to claim the last pack of toilet paper. Panic won’t pay off in the long-run, writes the Barefoot Investor.
Barefoot Investor Scott Pape is warning Australians not to make rash money decisions fuelled by coronavirus panic — and says financially, it’s not all doom and gloom.
What happens after a bushfire when the media moves on and the cameras stop rolling. A new documentary with the Barefoot Investor reveals the unglamorous reality of getting back on your feet.
This week the stock market got a smack in the gob, but instead of panicking let’s view short-term uncertainty as the price you pay for higher long-term returns, writes the Barefoot Investor.
The finance industry has trained customers to expect advice to be “free”, but that’s the most expensive way to get it. Still, most Aussies would rather have it for “free”, no matter how much it costs them in the long run, writes the Barefoot Investor.
There’s nothing scarier for parents than the thought of not being able to afford a good education, so those with kids in preschool or primary school should start getting serious about their savings, writes the Barefoot Investor.
This exclusive edited extract is No. 6 from The Barefoot Investor for Families: Your kids must promise to never, ever get a credit card. And the best way to help them avoid ruining their financial futures is to cut up your own, writes the Barefoot Investor.
In this exclusive edited book extract, the Barefoot Investor Scott Pape tells readers how to help get their children into their first home and set them up for life.
Christmas may be over … but it’s not too late to give your kids and family a gift that will last through 2019. All you need is a couple of hours to spare and a fireproof, waterproof safe, writes the Barefoot Investor.
Christmas may be known as the time for “giving”, but to most school-aged kids it’s really a time for “getting”. Parents should beware of expectation creating entitlement, writes Scott Pape.
When it comes to low-cost index super funds, Aussies are like the flat-earthers of the finance world, openly questioning the validity. And the result is… last year Aussie super funds swiped $32 billion in fees, robbing future retirees of hundreds of thousands from their nest eggs, writes Barefoot Investor.
Barefoot Investor Scott Pape has called on parents to avoid giving out cash to their children for Christmas, declaring it a complete cop out.
The best Christmas gifts are educational so consider giving books to your loved ones and not only will it not break the bank, but they may learn something life-changing, writes Scott Pape.
Afterpay is like the financial equivalent of marijuana because it acts like a gateway financial drug — training young people to rely on the bank’s money rather than banking on themselves, writes Barefoot Investor.
Right from the start I have said I believe blockchain technology will eventually transform entire industries and, at some stage, online payments, however, the truth is right now many cryptocurrencies are junk and Bitcoin is still a punt, writes the Barefoot Investor.
In life the smartest people are those who fearlessly ask the simplest questions, and then back themselves. No one cares more about your money than you do, so when it comes to “financial experts”, trust your gut, writes the Barefoot Investor.
LAST week, investment group Stockspot came out with its annual Fat Cat Awards, which ranks the worst-performing super funds and this is one award you do NOT want to win. So it’s time to take a closer look, writes the Barefoot Investor.
AS dozens of students across the country sit down to do their final exams this week, it’s important to remember the three really important tests in life and learn how to ace them, writes the Barefoot Investor.
THE share market is like a rollercoaster with breathtaking climbs, gentle dips, and at least a few stomach-churning plunges on the way. If you want financial security, you’ll need to take the ride, but you have to fit your own safety harness, writes the Barefoot Investor.
THE biggest risk retirees face isn’t the short-term wobbles of the share market, it’s running out of money before they die. But when it comes to our financial luck, we all have the power to change things before it’s too late, writes the Barefoot Investor.
BY taking on record household debt at a time when interest rates are at record lows, plenty of overstretched people may well find their financial lives will end up in the toilet some time in the next decade. The most important thing is to ask yourself is am I prepared, writes the Barefoot Investor.
THE Barefoot Investor’s new book has only been out a week but it has already become the fastest-selling book across Australia, as Scott Pape turns kids’ lives around.
THE greatest investor in history, Warren Buffett, is essentially telling investors that he thinks his own stock is cheap. So who are we to argue, writes the Barefoot Investor.
IN case he is in danger of becoming the John Farnham of the Aussie book publishing industry, the Barefoot Investor has replied to readers asking if they really need to buy ANOTHER money guide.
THE Barefoot Investor Scott Pape’s highly-anticipated new book has finally hit shelves. Here’s how it can help your kids become money smart.
BAREFOOT Investor Scott Pape wants to create a generation of kids who aren’t stupid with money. This is his dead-simple plan.
IN this extract from his new book The Barefoot Investor For Families, Scott Pape explains how your teenagers can help you save money and earn it for themselves.
HE’s an Australian finance phenomenon who has already changed life for thousands of adults. Now he wants to do the same for your kids — with jam jars, jobs and food.
AUSTRALIAN kids are getting handed pocket money without having to do a scrap of work, new research has shown. The Barefoot Investor says parents need to put an immediate stop to it.
Original URL: https://www.themercury.com.au/business/barefoot-investor/page/4