Scott Pape, better known as the Barefoot Investor, hit back at an angry critic who labelled him a

Australia’s biggest personal finance guru has hit back at an angry critic who labelled him a ‘joke’ in a scathing letter.

Scott Pape – better known as the Barefoot Investor – shared the fiery note from a man named Luke in his weekly Monday newsletter, often dubbed the ‘finance bible’ by readers.

Luke accused the bestselling author of ‘brainwashing the public’ by encouraging them put money into savings accounts while ‘the fake CPI numbers are off the charts with inflation‘.

Scott Pape, better known as the Barefoot Investor, hit back at an angry critic who labelled him a 'joke'

Scott Pape, better known as the Barefoot Investor, hit back at an angry critic who labelled him a 'joke'

Scott Pape, better known as the Barefoot Investor, hit back at an angry critic who labelled him a ‘joke’

‘If you really want to help people, teach them about sound money,’ he claimed.

‘You’re only slightly better than the fake news financial pundits on MSM (mainstream media).

The letter writer also accused the Reserve Bank of Australia and other central banks of ‘manipulating’ money, before insisting that fiat currency – unlike precious metals and Bitcoin with a finite supply – are inferior.

Mr Pape responded in a shrewd rebuttal to the man.

‘It sure is nice to be back at the crease,’ Mr Pape joked in the opening of his reply.

He went on to mock the writer’s spelling errors and ‘take a swing’ at his bizarre assertions.

The Barefoot Investor, Scott Pape, pictured with wife Liz

‘So I’m guessing you made a typo when you said ‘FIAT (as in government-backed currency) is garage’, he wrote.

‘I’m sure you meant to write ‘garbage’ but I’m going to run with ‘garage’, because the savings strategy in the Barefoot Steps is all about having a getaway car ready for when life happens.’

Mr Pape ridiculed the man for his ‘world goes to hell’ views on hyperinflation, and his belief that the ‘powers that be are manipulating and lying to you’.

‘That’s not a worldview that equates to happiness, sunshine and cupcakes,’ he said.

His take-down ended by backing his own ethos of ‘systematically’ saving and investing in profitable businesses and holding them ‘for the long term’.

‘Is that all too idealistic for you?’ he asked.

‘Maybe. Yet which outlook leads to a more peaceful life?’

Mr Pape is the author of the bestselling book The Barefoot Investor which has sold more than 2million copies

Mr Pape is the author of the bestselling book The Barefoot Investor which has sold more than 2million copies

Mr Pape is the author of the bestselling book The Barefoot Investor which has sold more than 2million copies

Mr Pape wrote his first book, The Barefoot Investor, in 2016, which went on to sell more than 2million copies.

In 2018 he launched The Barefoot Investor for Families, and most recently Barefoot Kids, which sold 204,352 copies in eight weeks from its publication on November 7 last year.

He describes himself as ‘a country bloke from the bush who enjoys helping people take control of their own money’.

Recently, Mr Pape shared his advice on how Australians could save up to $5,400 each year by selling belongings they no longer need.

Source: | This article originally belongs to Dailymail.co.uk

You May Also Like

Greatest Showman director ‘Michael Gracey hired to create Sainsbury’s Christmas advert’

The Greatest Showman’s director has reportedly been hired to create Sainsbury’s Christmas…

Hurston Waldrep Height, Weight, Net Worth, Age, Birthday, Wikipedia, Who, Nationality, Biography

Hurston Waldrep is a Florida Gators school baseball pitcher. He went to…

Where To See SBS Gayo Daejeon 2022 Date And Time

SBS Gayo Daejeon 2022 is here and we have lots of amazing…

Kai Beckstrand Height, Weight, Net Worth, Age, Birthday, Wikipedia, Who, Nationality, Biography

Individuals are interested to find out about Kai Beckstrand Age. Subsequent to…