The Wealthy Barber Returns Paperback – Aug 15 2011
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Top Customer Reviews
While I love to write, to sit down and actually read a book is a chore for me. Few books do a good enough job at capturing my interest to get me past the first few pages, let alone the first chapter. I`m a lousy reader. Yet, I read this book, cover to cover, in three nights with the television on and the sound muted, a miracle for me. I even missed a good portion of Monday Night Football. Need I say more? Well, I`m going to anyway.
The "The Wealthy Barber Returns" is written in a relaxed, humorous, conversational style that I found very appealing. It begins with some sage advice on the pitfalls of over-borrowing, describing the forces that draw us into debt traps and the basic human weaknesses that drive us to keep up with others in the quest to accumulate things that, in the end, are of little enduring value. I agree that the false sense of security provided by an abundance of available credit forms a dangerous mindset that can lead to disaster, especially when that credit line is represented by a mortgage on the home. For most people the concept of a Home Equity Line of Credit is too much of a temptation, leading to the illusion of short term gain followed by the reality of long term pain. Dave even takes a couple of refreshing swings at the banks for their tendency to want to lend us up to our rooftops. He recounts one story where a woman he sent to the bank to get a very modest secured line of credit was immediately up sold to the max despite her history of debt accumulation. I'm sorry to report that this is not uncommon.Read more ›
If you are already saving a chunk of your income, this book offers nothing new. The first half is all about living beneath your means and tucking away 10% of your pre-tax income away before you see it - common knowledge for anyone remotely interested in their financial well being. The remainder of the book is devoted to talking about the miracle of compounding returns (again, nothing revolutionary), or has discussions regarding indexes and some of the various investment vehicles available to Canadians. This is where I hoped to glean the most benefit, but aside from Dave preaching that you shouldnt try to beat the market (and rightfully so), on the key questions of RRSP vs TFSA vs RESP, the answer is a resounding.... 'it depends'.
Bottom line. Well written book, but very, very basic information. Would not buy again if given the option... I'd rate it a 5 or a 6/10, tops.
Most recent customer reviews
Very easy read with a lot of practical, up to date advice. Chilton mixes humour with learning and the tiny chapters made it easy to pick up for a few mins at a time (have three... Read morePublished 9 days ago by Amazon Customer
I liked that the book is humorously written and that the topics are broken up into lots of small bite-sized chapters, which makes it a fairly easy read. Read morePublished 13 days ago by Taters
Didn't find there was as much content in this one than the first. Still a nice and overall interesting read.Published 29 days ago by Jean-Marie Prévost
i bought this book for my son, so he can learn to start early , and get out of the rat race early.Published 1 month ago by ANGELWINGS
Old wine in a new bottle in a good way. Nice read to reiterate the importance of money.Published 1 month ago by Gordon Martin
Thanks Mr. Chilton for making this my most joyfully informative read in a long time. And thanks for so unreservedly educating us these most needed financial concepts.Published 2 months ago by Ali Ebrahimi
Good read for anyone looking for an overview on how to look at your moneyPublished 2 months ago by Owen