If your dream is to buy a house or get out of credit card debt, if you want to know what is actually happening with your superannuation or think it’s time to look into life insurance, if you have a little spare cash and don’t know where to put it, or if you’re feeling like you need to look into the stock market or set up school funds for your kid’s, then you need to read on.
The scary fact is that not many of us know a lot about our money. We know it comes in, we know it goes out but for most of us, that’s about where it stops. You might have a partner that looks after all the family finances, you might prefer to stick your head in the sand and pretend that credit card statement never arrived or you could be part of the mindset ‘if you can just make that little bit extra, all will be ok’.
My wise uncle once told me “Rayne, the more you earn then more you spend” and ultimately, he was right. If you’ve been on this journey with me for a while you’ll know that I’m a single mum of three kids, and whilst the background of my career path is colourful (finance broker, baby products, owner builder, started and ran a cooking business, restauranteur, founded a PA business and now blogging), I never dug deep enough into the comings and goings of my finances, neglected to follow through with financial goals and worst of all, I’ve never felt in control.
Without wanting to go too deep into my personal money history I will start my story with a coffee I had with one of my most loved and respected girlfriends, Lucy Cornes. She was over on a work trip from her home town of Adelaide and we had about 45 minutes between gigs to chew the fat. True to form, I had a mini meltdown. There’s something about the combination of a non-judgemental friend and months apart that really makes me soften, take off my mask and just lose it. Sorry Luce! At the end of our coffee date, or as we like to call them our ‘meetings’, she made me pinkie promise to immediately leave the coffee shop and buy The Barefoot Investor. So I did! And it was life-changing.
I couldn’t put the book down. This simple to follow step by step guide was showing me a way to not only take back control over my finances but give me confidence that I could achieve financial goals on my own and as a single mum, this was such a powerful feeling. There were no strict budgets or confusing formulas to follow, just easy valuable advise on how to take what you already have and do it better, much better.
I now know exactly what my super fund is doing, I have great life insurance, I’ve purchased my own car with cash, I’m saving for a deposit on a home, I have a plan for the kids school fees and I’ve started little nest egg accounts for the kids when they grow up.
Although I still have a long way to go, I feel in control of my finance which in turn makes me feel safe, gives me options and helps protect the little ones I love so much.
If you’re anywhere between 15 to 70 years old, single or married, or just want to check in with your finance so you know what’s going on, I urge you to pick go and get this book.
Here is a link to The Barefoot Investor.
If you’re already fan I would love to hear about your experience!
Editor: Rayne Bryant