I hope you enjoy the book! Please stay in touch with any questions and comments. Until recently, I believed I would never write another personal-finance book. Neither my knowledge nor a mere pages would allow for that. And by no means is it the definitive word on how to manage your finances. I really hope you enjoy and benefit from its ideas.
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Goodreads helps you keep track of books you want to read. Want to Read saving…. Want to Read Currently Reading Read. Other editions. Enlarge cover. Error rating book. Refresh and try again. Open Preview See a Problem? Details if other :. Thanks for telling us about the problem. Return to Book Page. While you're at it, learn a thing or two about your personal motivation and how to point it in the right direction.
And laugh your socks off, too! I thoroughly enjoyed this book! Very smart. This fast-paced journey through the world of personal finance will help a lot of people.
I loved it! It's down to earth, fun to read and wise to all the mistakes people make in managing money. Get A Copy. Paperback , pages. More Details Other Editions 4. Friend Reviews. To see what your friends thought of this book, please sign up. To ask other readers questions about The Wealthy Barber Returns , please sign up.
Is it worth reading both the first one and this one? If not, which one is more worthwhile to read as someone in their early 20's? Rhyme This book is a good intro to the basics of personal finance. It's an easy read and hilarious; you don't need to read the 1st one, just dive straight w …more This book is a good intro to the basics of personal finance. It's an easy read and hilarious; you don't need to read the 1st one, just dive straight with this one.
See 1 question about The Wealthy Barber Returns…. Lists with This Book. Community Reviews. Showing Average rating 3. Rating details. More filters. Sort order. Start your review of The Wealthy Barber Returns. Apr 22, Cory rated it liked it Shelves: ebook. There are no shocking new insights in this book, it's more like a collection of quick little essays written by someone with a lot of common sense and experience when it comes to managing money. A decent and easy read if you want a general overview of how to manage i.
Also, the author's self-deprecating but lame sense of humor did not really add anything to the book, at least not for me. Jul 10, Ryan Smith rated it it was amazing. Jan 22, Daniel rated it it was amazing Shelves: non-fiction. I must be a financial geek - I loved this book. A big change from his previous book is his view of mutual funds - and choosing a good fund family with good fund managers that have a good track to beat the market - it doesn't work. Get index funds as the costs of cdn mutual funds are way too high.
He stands by his recommendation for term insurance - regardless of how many death threats he's received from insurance salespeople. Whole life is ok only if you don't have any debt, have maxed out yo ok. If you get RRSPs, re-invest your tax refund - don't spend it. And, don't expect historical returns from the stock market as the sovereign debt crisis will be with us for a while If teachers start wanting to do leveraged investing, get out of the market now! Some people are using credit lines as another source of revenue - that's kinda scary.
You do need to pay off the principal one of these days. Be aware of the Diderot effect - buying a house that is too big for you isn't the worse part, it's the other expenses that come with the larger house and the nicer neighborhoud's expectations as these will bankrupt you. The bank is not your friend. If they are willing to give you a large mortgage, they aren't doing it in your best interest but theirs only.
Stay away from lines of credits. RESP are great and don't be afraid of enlisting the grandparents to contribute - and he suggests playing both sets of grandparents "against" each other 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: "I can't afford it. Reminder: what percentage of my working-years income does my pension pay? Buy an index fund with a 0. Check ou 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: finance-personal , humour , educational , investing , non-fiction. 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 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: own-physical-book , 4-stars , non-fiction. 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.
Review: The Wealthy Barber vs. The Wealthy Barber Returns by David Chilton
With that pragmatic opening advice David Chilton sets off to provoke our thoughts about money; spending, saving and happiness. He uses stories and humor to take the intimidation out of financial planning. He was pulling his hair out watching us get deeper and deeper into financial troubles. He teaches us that a small cutback hardly even a sacrifice in our spending rate can dramatically improve our savings rate and give us peace of mind and comfort into retirement.
Book Review: The Wealthy Barber Returns
More than 20 years later, all of it being in the financial industry, I had the opportunity to read the sequel The Wealthy Barber Returns and I loved the book. I read the book from cover to cover in one sitting during a 3 hour flight from Toronto to Nassau. The book was smart, funny, witty and just plain brilliant. Chilton has a great conversational writing style that is very entertaining and impactful. I felt like Chilton was right beside me talking to me but when I talked back to him I was disappointed that I got no response.
Reviewed: The Wealthy Barber Returns
About a year and a half ago, I realized how ignorant I was with regards to money and started to educate myself in matters of personal finance in order to resolve my ignorance. Since then, I have read a number of books and articles, significantly improved my spending, started living below my means, and started saving. As I began my journey to becoming financially literate, one book that I was always recommended was The Wealthy Barber by David Chilton The book being nearly 3 decades old, I was hesitant to read it since I know financial matters are time sensitive. The first time was in January The second time was just last month to get a refresher before starting his first book. The illustration that caused me to do so was the following from this book: twins open up RRSPs.