Customer Reviews

The Wealthy Barber

5 star:		(4)
4 star:		(2)
3 star:		(0)
2 star:		(0)
1 star:		(1)

 

 

I just finished the Wealthy Barber again...7 years later. Along with The Wealthy Barber Returns and can only say it was GREAT. I was a good saver during my high school years and managed to put myself through college. That continued after the entering the workforce, but i did need to use my RRSPs to buy my first house.
Now 3 houses, 2 kids and a loving wife later, i was in desperate need of a financial Kick in the Butt. I regularly contribute to my company sponsored pension plan, but my insurance is insufficient and my dept load is out of control!!!!
I have made an appt with my advisor to go over my needs and requirements and hopefully discuss some other vehicles to help me achieve my goals!!!

Thanks
david for 2 outstanding personal finance books for the masses

First off, I should point out that I'm a big fan of David Chilton. He "gets it."

On the topic of basic money management, there is some good advice in this book (pay yourself first, the 10% rule). For anyone struggling to pay down debt, or avoid living beyond their means, they may need more specific guidance and encouragement found elsewhere, perhaps in a Dave Ramsey book.

There's at least one critical flaw in this book, however. When it was written in the late 1980s, Canadians didn't have many options for low cost investment vehicles. Through the narrative of this book, Mr. Chilton advises readers to "pick a mutual fund with a good manager." The author himself has debunked this fallacy in the intervening years. Mr. Chilton does an excellent job explaining this in an interview with the Globe and Mail's Rob Carrick:[...]

Mr. Chilton fights the good fight, going toe to toe with Kevin O'Leary on CBC in an entertaining video here: [...]

I would advise potential readers to pick up a copy of this book's sequel titled "The Wealthy Barber Returns" rather than the original. Here's a link to that: The Wealthy Barber Returns : Dramatically Older and Marginally Wiser, David Chilton Offers His Unique Perspectives on the World of Money

Another book to consider would be Andrew Hallam's "Millionaire Teacher." For more advanced reading, the Canadian Financial Wiki "Finiki" and it's associated "Financial Webring Forum" will steer users toward sound investment strategies.

Excellent. Down to earth. Good analogies! Just order the new one! Looking forward to more words of wisdom. Not too dry as some finance books can be!

Everyone should read this book. Too many people can't manage their own money and will have to rely on the Government (which essentially means savers like me). I make an average living but one day I want to be wealthy, I don't relish being punished for my thrift.

very informative and great financial advice. Anyone interested in simple financial advice should read DAvid Chilton's book. I also enjoyed the sequel to this book.

The book is fine but there was zero tracking for my product and the fact that it said it was within Canada once received about 2.5 weeks later, it came from the states. The book was in good condition

Good Book! This book was very well priced,and was in excellent condition when I recieved it. The whole transaction was done in a timely manner.