How Aussie family got rid of their debt and saved $1million by following the ... trends now

How Aussie family got rid of their debt and saved $1million by following the ... trends now
How Aussie family got rid of their debt and saved $1million by following the ... trends now

How Aussie family got rid of their debt and saved $1million by following the ... trends now

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An Australian family have transformed their finances by following advice from the Barefoot Investor, Scott Pape. 

Within nine years of implementing Mr Pape's guidance from his book 'The Barefoot Investor', Sam and his family not only paid off a $10,000 debt but also amassed $1 million in savings. 

Sam wrote a letter thanking Mr Pape for changing his family's life forever, which was published in his weekly Barefoot Investor column.

'Nine years ago I committed to following the Barefoot principles to change our family tree,' Sam wrote. 

'When we started, our net worth was minus $10,000, and last week we hit the magic $1,000,000!

'When I realised our position, I instantly remembered you saying most people overestimate what they can do in one year, but underestimate what they can do in 10.

'Within nine years of implementing Pape's guidance from his book, Sam and his family not only paid off a $10,000 debt but also amassed $1 million in savings.' 

An Aussie has turned his family's life around after following the financial strategy in Scott Pape's (pictured) book the Barefoot Investor

An Aussie has turned his family's life around after following the financial strategy in Scott Pape's (pictured) book the Barefoot Investor

Replying to Sam's heartfelt email, the financial guru praised him for his hard work and financial success.

'It's worth

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