- Scott Pape finally put an end to the ‘pathetic excuses’
- I wish I had changed my electricity source sooner.
The barefoot investor has revealed the investment he regrets not making sooner, claiming it is one of his “most embarrassing confessions”.
Scott Pape believes he could have earned a 30 percent return on his money over the years if he had gone solar sooner.
He revealed that he had installed solar panels on his ‘shearing shed’ and immediately saw the benefits.
“Well, upon reflection, it turns out I had the same excuses people give me for not investing in the stock market,” Pape wrote in the The Sunday Telegraph.
He said he found the idea of getting the right solar quote rather boring and a bit complicated.
Mr Pape said he was frightened by the idea of ”cowboys” and scammers in the solar energy trade.
On top of that, she said life was too busy with her four children.
“Okay, all my excuses were not only pathetic, they also cost me money,” he wrote.
Scott Pape revealed that he had given up on solar panels on his home for too long and it cost him
He revealed he had his 11-year-old son read Finn Peacock’s ‘The Good Solar Guide: Seven Steps to Small Bills for Australian Homeowners’, before searching online for solar providers near him.
She used solarquotes.com.au to find her postcode and quotes from solar panel installers in her area.
She then checked online reviews for three solar companies near her location, liked two, and rejected one.
He said both companies called him the same week and visited his home.
Within 30 minutes of touring Mr. Pape’s house, taking some photos and looking at his latest electric bill, they had disappeared again.
Mr Pape said quotes arrived by email later that week and both companies had designed similar systems for roughly the same price.
“Look, the numbers don’t lie: In most cases, you’re going to get a higher return on investment from installing solar than from most other investments,” Pape said.
“Learn from my mistakes and have your kids do it! Seriously, it’s a piece of cake. Hi, honey!”
The barefoot investor said he had entrusted his 11-year-old son with most of the research.
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