Father Warns His Son Not to Read Barefoot

Dear Scott,

I’m 17 now, and I read The Barefoot Investor for Families when I was 14. I was in Dymocks and saw your book. My dad sighed and said, “You won't like it, why don’t you pick out Harry Potter or something”. He eventually gave in and bought it for me. I’m so glad he did, because your book started my financial journey. On my 15th birthday, I opened a bank account. Since then, I’ve invested $5,000 in a diverse share portfolio (thank you, index funds!), started contributing to my super, and started a business doing data entry for medical firms. I owe you a lot.

Jed

Hi Jed

Dude, you are literally sticking it to the man … your old man!

Still, I bet he’s damn proud of what you’ve achieved: to be an investor (inside and outside of super!) and to have opened up a small business as a teenager?! Seriously, you rock.

Everyone talks about the power of compound interest, yet the truth is that almost everyone watches it pass by.

Not you.

You are setting yourself up to be a compounding machine.

Scott.