- Publisher: Stoddart Pub; ` edition (Feb. 1 2002)
- Language: English
- ISBN-10: 0968394736
- ISBN-13: 978-0968394731
- ASIN: 0773762167
- Product Dimensions: 14 x 1.5 x 21.5 cm
- Shipping Weight: 680 g
- Customer Reviews: 80 customer ratings
- Amazon Bestsellers Rank: #5,860 in Books (See Top 100 in Books)
The Wealthy Barber: The Common Sense Guide to Successful Financial Planning Paperback – Feb. 1 2002
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The Wealthy Barber takes the form of a novel, though it wouldn't win many awards for plot, setting, or characterization. The narrator, Dave, a 28-year-old school teacher and expectant father, his 30-year-old sister, Cathy, who runs a small business, and his buddy, Tom, who works in a refinery, sit around a barber shop in Sarnia, Ontario, and listen as Ray Miller, the well-to-do barber, teaches them how to get rich. The friends are at the age when most people start thinking about their future stability; among the three of them, they face almost every broad situation that can influence a financial plan. Ray, the Socrates of personal finance, isn't a pin-striped Bay Street wizard. He is a simple, down-to-earth barber dispensing homespun wisdom while he lops a little off the top. Ray's barbershop isn't the place to learn strategies for trading options and commodities. Instead, his advice covers the basics of RRSPs, mutual funds, real estate, insurance, and the like. His first and most important rule is "pay yourself first." Take 10 per cent off every pay cheque as it comes in and invest it in safe interest-bearing instruments. Through the magic of compound interest, this 10 per cent will turn into a substantial nest egg over time. This book isn't about how to get rich quick. It's about how to get rich slowly and stay that way.
Chilton's common-sense approach has obviously hit home since his book first appeared; with more than 1.5 million copies sold to date, The Wealthy Barber is the best-selling book ever of any kind in Canada. Some of the financial details have been updated in recent editions, but the story and fundamental advice are timeless. It's probably not the last book you'll want to read on the subject, but it's a good starting point for learning about financial planning. --Edward Trapunski
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Even after all of these years, the information is simple, direct and with proper care can assist almost anyone with their own financial planning and long term financial goals.
The key is really to just keep it simple!
A copy was gifted to me from my father years ago and I have continued the tradition with my own kids.
Would recommend it to anyone.
Top international reviews
My husband stated that this book was brought to life as if you were reading it through the eyes of the people they were trying to convey. He really enjoyed it and was pleased with the suggestions and tips the book gave throughout the whole read.
Overall, my husband was very happy, and would recommend to anyone looking at purchasing this book, to do it. Took him 2 days to read!