The Wealthy Barber Summary Notes. A summary of “The Wealthy Barber Returns ” by David Chilton. Prepared by Kelsey Flower. The Painful Truth and a Positive. In , he won the award for the highest mark in the country on the Canadian Securities Course. In , he released The Wealthy Barber. I hardly ever review products (forget books!). Having just finished David Chilton's The Wealthy Barber Returns and as someone who has a hard time finishing.
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Original filename: The Wealthy Barber medical-site.info Title: The Wealthy Barber Returns: Significantly Older and Marginally Wiser, Dave Chilton. The Wealthy Barber Returns is on shelves now! Here's the book's Introduction to whet your appetite. I hope you enjoy the book! Please stay in touch with any. DOWNLOAD The Wealthy Barber Returns: Dramatically Older and Marginally on the World of Money By David Barr Chilton [PDF EBOOK EPUB KINDLE].
Pay yourself first and get out of your own way. Too much credit can kill you. Dave speaks like the great chiefs of the past by reminding us that success is far more than money and material possessions. The Wealthy Barber Returns is good, practical advice written in a clear, concise and engaging style.
If you, like most Canadians, are looking for ways to improve your financial situation, this is the place to start. I liked it even better than The Wealthy Barber. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval system, without permission in writing from the publisher.
Includes bibliographical references. Issued also in electronic and audio formats. ISBN 1. Finance, Personal. C46 The opinions and ideas expressed herein are solely those of the author. The author and publisher are not engaged in rendering legal, accounting, tax, insurance, financial, investment or other professional advice or services in this publication. The publication is not intended to provide a basis for action in particular circumstances without consideration by a competent professional.
The strategies outlined in this book may not be suitable for every individual, and are not guaranteed or warrantied to produce any particular results. Further, any examples or sample forms presented are intended only as illustrations.
The depressing chapter for me was that you should list your future RRSP tax as liabilities - I'll ignore that chapter. Spend on what will maximize your enjoyment value. Be aware of your lizard brain - which will get you to acquire "stuff" - that worked well for survival when "stuff" was food; not so much when it's a new car or a bigger house.
View all 5 comments. Nov 30, Jenny rated it liked it. I was very interested in what he'd have to say, over 20 years after "The Wealthy Barber". Not nearly as cohesive or eye-opening, but still nice to get a modern take from him. Things to remember: download an index fund with a 0. Chec I was very interested in what he'd have to say, over 20 years after "The Wealthy Barber".
Check out moneyville. Jan 03, Laura Kyahgirl rated it really liked it Shelves: A lot of his general, but sound advice, has stood me in good stead and, although I read lots of other people's books too, his stuck with me as a good foundation book for beginners. Along with books like , it acknowledges the fact that we're all human and there are important aspects of 'being human' that impact how we deal 3.
Along with books like , it acknowledges the fact that we're all human and there are important aspects of 'being human' that impact how we deal with money and building wealth. This newest book has the same feel and would also be a good starting place for beginners who want some thoughts on a conservative way to go about building a solid financial foundation.
He touches on a really broad range of topics from investing in race horses don't do it! There aren't a lot of hard and fast rules to follow, except the standard, pay yourself first, make sure to use any tax and savings advantages offered by the government, educate yourself, live simple, enjoy life. I like the fact that this is a Canadian centric book. There is a chapter with a ton of resources and websites to look into for further info, recommended documentaries, financial bloggers and reporters, etc.
A lot of reviewers commented against this authors joking style but I didn't find it annoying. Aug 18, Brian rated it liked it. I did like his earnest, self-deprecating also mother- daughter- and son-deprecating humor as well. Probably best for Canadians just graduating from university. May 23, Kayla rated it really liked it Shelves: I've always liked David Chilton ever since watching him on Dragon's Den.
I bought this book ages ago but haven't read it until now. For a Canadian who is new to personal finance and financial concepts, and doesn't really know where to begin with their own finances, this is a perfect book to introduce them to all that and one that I will be recommending if anyone ever states that they want to learn. It is a shorter book that is easy to read short chapters with some light humour thrown in. For someone like myself, who already knows everything in this book and is slightly more knowledgeable with money, it may be a bit boring.
However, I still enjoyed this. It was a quick and entertaining read. Jan 13, Mustapha Safadieh rated it liked it. This isn't so much a book on investing; it;s more like a guide to Canadian financial planning. Although guide wouldn't be the best word either, because this is mostly just a discussion of many different possibilities and actions.
This would've have been a Godsend a few years earlier, any young Canadian probably just about to head into college would benefit greatly from this book, especially if they haven't read anything on Canadian personal finance before. I didn't find it particularly useful This isn't so much a book on investing; it;s more like a guide to Canadian financial planning. I didn't find it particularly useful until the last 4 or 5 chapters however.
Second last chapter is called Potpurri and it offers a LOT of new reading material related to the subject, and I'm always thankful for that.
Sep 13, Jason rated it really liked it.
I really liked this book. I didn't give it a 5, because it just didn't hook me like the original wealthy barber did. I loved the first half, but the last half where he gives his more random thoughts was sub par.
The topics were excellent, the advice current and helpful. I especially like his thoughts on credit cards, and have made it a must read section for my 19 year old daughter View all 7 comments.
Dec 06, Louise rated it did not like it Shelves: Maybe The Wealthy Barber was a better read, but I didn't read it and instead jumped into this "sequel. That wouldn't have been as bad, but Chilton tries to be funny in his writing. He's about as funny as a stand up comedian laughing at his own jokes when no one in the crowd is. View all 3 comments. Dec 29, Jaidee rated it liked it Shelves: I really wish the author would not attempt so much humor though as I found it detracted from the content.
View 1 comment. Nov 21, Abdul rated it really liked it Shelves: Dave Chilton, author of The Wealthy Barber always swore he'd never write a sequel to the book that sold more than two million copies nationwide. But 22 years later, the sequel has arrived -- The Wealthy Barber Returns.
In his new book, Chilton tackles society's addiction to debt and touches upon many important and well-known personal finance lessons -- lessons he says have become lost in today's world of plummeting savings rates, skyrocketing debt and disappointing investment returns My Take: This short book which feels like a collection of essays on different topics is not a complete overhaul of the original book, but rather complements it and updates it where needed.
It does not discuss hugely new or complex concepts.
The author earned my respect by not only reiterating the good old solid foundations and advice he bestowed upon us mere mortals in this tough financial world but revisiting one or two pieces of advice that were perhaps valid two decades ago but no longer apply today. In a way, he is not afraid of correcting his own advice which I respect about him.
Not biased towards his views from 20 years ago. I have learnt a few new things from this book and it is not easy to summarise all my take aways here. I might add them to my review at a later date once I have taken enough notes of my own and reflected on the book.
I had to look up to similar concepts or products here in the UK but the same principles apply once you have adapted them to your own financial products and tax laws.
I still hugely recommend reading his first book which is still gold and foundational before reading this book. It serves as a reminder of key concepts, more detailed discussion of some concepts and a few new concepts and tips. Dec 31, Dylan Blanchard rated it really liked it. Read this as a follow up to the original Wealthy Barber They overlap in content but the approach is different. For intro'ing people to personal finance, I'd recommend reading this book first, and then following up with Returns.
This was an interesting read because it touched on a lot of the same topics as the first book, but provided additional ways of looking at the tactics, often using a personal story of someone the author had interacted with. Basically a bunch of usually simplified case stud Read this as a follow up to the original Wealthy Barber They overlap in content but the approach is different. Basically a bunch of usually simplified case studies in different aspects of personal finance.
Again, another relatively quick read that's easy to go through and refer back to. Worth the hours, for sure. Mar 16, Jamie Finn rated it it was amazing. This book is easy to read, funny, and provides a straight forward approach to managing your finances. Love this book so much! Feb 07, Oliver rated it liked it. I found the first half of the book really boring from a technical side although it was amusing.
I think it is effective to really drive home the basics with humor and different perspectives but it didn't do much for me personally. He acknowledges this himself, direct quote from book: I found the second half more enjoyable and learned a few things like why the Dow Jones is a horrible index very topical since as I was reading this book it had the largest point drop in history.
I think this is a good beginner personal finance book. Apr 10, Mike Bercier rated it liked it. I thought that the book was OK. I have read other finance books with better information and a plan on how to not only get out debt but also to plan for my retirement. He suggested that the idea of using a line of credit to download things or go on vacation as long as you pay it off before downloading something else on the line of credit.
Not everyone has the discipline required for something I thought that the book was OK. Not everyone has the discipline required for something like this. Secondly, there would be interest that is working against you with these downloads.
Then he contradicts himself later on in the book with this comment "Prioritize, think before you spend and don't wear the costume of consumer debt to pretend you're wealthier than you are. Track your spending to see where your money is actually going. I don't think I would recommend this book to anyone who is looking for some kind of plan to follow. It came with A great book with 47 different principles to follow, a workbook including doing a budget and figuring out one's net worth.
It also came with 8 Cd's that I can listen to on my drive to and from work. Jan 08, Kristal rated it really liked it Shelves: Fast read, and I've now read the book twice. I like how the chapters are bite sized chunks of advice. Makes it easy for things to sink in, and I liked his humor.
This book encouraged me to open up and RRSP at 23 and realize the magic of compound interest the example of the twins- one who saves between the ages of has more money at age 65 than the brother who saved between the ages of !! I also appreciated his insights about investing and how much a person will approximatel 3.
I also appreciated his insights about investing and how much a person will approximately need for retirement. Some criticisms though: Also, I cannot agree with Chilton with regards to not having an emergency fund.
He says he doesn't recommend them because people will be tempted to dip into them for entertainment reasons and it may stop people from doing long term saving for retirement. I understand where he's coming from, but I still think emergency funds are so important because relying on credit when poop hits the fan just creates a secondary emergency- a pile of debt.
Still though, decent financial book I would recommend to your average person. Oct 19, Helder Martins rated it liked it. It seems basically a revision for what he did in his previous book. But without entering the barber story. He basically told what he learned since then in his own personal story. There are some changes on his advises since the previous book, namely the mutual funds.
Not all that dramatic. It's just that they might not be that certain even if they have a history of great success in the past 10 or more years. In the long run it might be lucrative though. I felt that he was more vague in specific sol It seems basically a revision for what he did in his previous book. I felt that he was more vague in specific solutions. But I guess in this book he passes more the idea that most of the paths to follow are uncertain, and that it might be good for some and bad for others in what concerns investing.
I would like to hear more about the "lower risk" solutions. Maybe they are not that much addressed because of the very low return rate? Oh well, He is pretty stern in the idea of "pay yourself first" though, not keeping your money idle somewhere and the need to save for retirement and to master the control of your "spending" lizard.
He actually presents some original ideas to make it harder to do a compulsive download. And also the book is too canadian oriented: P maybe it doesn't help that I'm not canadian. Nov 24, Dominic Bellavance rated it it was amazing Shelves: Probablement un des meilleurs livres de vulgarisation sur les finances personnelles que j'ai pu lire.
Dec 13, Kara rated it liked it Shelves: Sometimes it's pretty Canada-specific RRSPs, "we Canadians", etc , but still communicates some great general principles about saving and managing your money. I liked his silly, self-deprecating humor- kept the subject light and entertaining.
But by the end, I'd cried a little and reluctantly doubled my monthly saving commitment, so something must have worked. Jan 16, Jeff Macdonald rated it it was amazing. His advice is straightforward, his self-deprecating humour abundant.
I laughed and learned throughout. Highly recommend! Jun 22, Alex Ristea rated it it was ok. I think I preferred the original better. Not much substance here and a bit too conversational. Nov 14, Sandra Tisiot rated it it was amazing.
Exceptional on every level.
A must read to gain clarity over our money. Keeping it simple is the most important lesson.