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Penny · Money & Wealth Mindset

The Barefoot Investor

by Scott Pape

Three key ideas

  1. The book says money is split into buckets for current spending, financial safety, and long-term growth.
  2. Labeling money does not create extra income.
  3. Automation can make a plan easier to keep by moving money at predictable times.

The five 2-minute lessons

  1. 1.Give every dollar a job
  2. 2.Let transfers run, then check them
  3. 3.Keep safety money within reach
  4. 4.See your debts before you pay them
  5. 5.Fit the plan to where you live

From the comic

This balance has two reservations and no receptionist.

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