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Articles - The Barefoot Investor - Scott Pape

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Should I Ask My Kid How Much He Earns?

Hey Scott, I’ve been following you for years. Your recent take on “Should I tell my kids how much I earn?” got me wondering about the flip side: Should I ask my son how much he earns? He’s 26, still living at home, working full time since TAFE. He pays a bit of rent, chips in for bills, says he’s saving for a house one day. We get on great: good chats over Sunday dinner, ...


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My Sister-in-Law is a Bludger

Scott,

I am over it! My husband’s sister, her partner and their three kids have been living off my in-laws for five years. They moved in to ‘save for a rental’. Five years and another baby later, still nothing. The partner only just started working after four years of unemployment. Meanwhile, my husband and I have sold our first home, have relocated, and ar...


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Thanks for Nuttin’, Albo

Scott,

I think I know your answer but I’ll ask it anyway. I’ve just been reading that in the US Trump is bringing in 50-year loans to help people get into their first homes. I’ve googled it and found that some banks here will do 40-year loans, which would help lower our repayments. Given all the homes we’ve been looking at around Albany have increased in va...


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My final column

This is my last column for the year.

And the biggest lesson I learned this year wasn't about money – it was about time. We get 4,000 weeks, if we’re lucky. I’ve burned through half of mine, and time is speeding up.

My life is vanishing between the scramble – “Hurry up! We’ll be late. Where is your water bottle? Do you have your water bottle? I packed your water bo...


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His Spreadsheet Says "No More Kids"

ScottMy partner and I have started talking about having a second child. He's convinced we can't afford to raise two kids in Australia to the age of 18. He even built a spreadsheet to prove it! Everyone I talk to says "you just make it work", but this is not enough to get my partner over the line. He earns $90,000, and I'm currently working part time in retail while studyi...


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