Kids and money

Parents, You’re Doing it Wrong

When I was fifteen I would sit in English class and read the Financial Review. (This, of course, made me wildly popular with the ladies.) Looking back on it I was always going to become the Barefoot Investor: I started working when I was in primary school (for coins!), and...

Money Management

Barefoot Goes to Church

“Did you get a letter … from the Bishop?” my mother asked casually over coffee a couple of months back. I looked at her for a full 30 seconds in silence. “I get a lot of letters from old people”, I told her (only half-jokingly). “I think he wants to...

Kids and money

How Not to Raise a Spoilt Brat

Recently, I received the following email: “Hello Scott, We’re a PR firm representing a toothpaste company. We’ve commissioned some research on how much Aussie kids get from the Tooth Fairy. Can we pay you to comment on the research for our press release?” “No” was my firm answer. I mean,...

Money Management

Johnny Depp Did a Bad, Bad Thing

Grab some popcorn. Dim the lights. Settle back in your easy chair. Today we’re going to watch one of the world’s top actors, Johnny Depp, in his most challenging role yet. The story starts in 2010 when Depp reportedly walked off the set of the movie Black Mass when the...

Money Management

The Power of a Simple Plan

A couple of years ago my wife dragged me along to the opening of an art exhibition. Dutifully, I stood there with a glass of bubbly in one hand and a quizzical look in the other. I felt as out of place as a sober dude on a dancefloor. Worse,...

Superannuation

The Ticking Time-Bomb in Your Super Fund

I’ve never told you this before. If you think you’re close to ‘kicking the bucket’ (well, 55 and over), you need to read this. And if you have someone in your life who’s in the bucket-kicking zone, you should share this column with them — because it will save them...