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| | Location: Home » Small Business » Public Finance » The Wealthy Barber, Updated 3rd Edition: Everyone's Commonsense Guide to Becoming Financially Independent | November 23, 2008 |
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| The Wealthy Barber, Updated 3rd Edition: Everyone's Commonsense Guide to Becoming Financially Independent | 
 enlarge | Author: David Chilton
Publisher: Three Rivers Press
Category: Book
List Price: $14.00
Buy New: $0.01
You Save: $13.99 (100%)
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Avg. Customer Rating:  (79 reviews)
Sales Rank: 13841
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Edition: 3 Upd Sub
Number Of Items: 1
Pages: 224
Shipping Weight (lbs): 0.5
Dimensions (in): 8.3 x 5.3 x 0.6
ISBN: 0761513116
Dewey Decimal Number: 332.024
UPC: 086874513112
EAN: 9780761513117
ASIN: 0761513116
Publication Date: November 25, 1997
Release Date: November 25, 1997
Availability: Usually ships in 1-2 business days
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| Customer Reviews:
 Great Primer on Personal Finance Habits February 26, 2008
"The Wealthy Barber: Everyone's Common-Sense Guide to Becoming Financially Independent" by David Chilton is an enjoyable read that introduces basic personal-finance habits that can lead to wealth if practiced and implemented as taught.
The lessons are taught in story fashion by a "wealthy barber" named Roy to a few disciples over a few weeks of visits. The lessons are basic, but that does not mean they are not important. In fact, for many people, these basics are all they will need to better their finances while preparing for a better financial future. This book will not prepare you to become the next Warren Buffet, nor will you be a market genius. There are many more things you can learn on this subject as well, but this book is a nice little primer. Some of the dialog between the characters is a bit corny, if not irritating, but then you can also look at it and laugh at Chilton's use of light humor to teach important topics.
As I mentioned, the lessons are basic, but they are sound. The strategy of paying yourself at least ten percent of your pay first is not new, and is taught in many ways by many people. That does not make it less important, and most people would be better off if they implemented it. I also liked that there was discussion on wills, life insurance, and responsibility. Pointing out that some people do not need certain types of insurance is as important as pointing out that some people do.
We have all heard that social security may not be around in the future. And those receiving only social security now are barely making due. It is in all of our best interests to plan for retirement. The lessons taught in this book serve as a good reminder of things we should be doing and looking at, and hopefully will encourage many people to start planning and seek out more information on this important topic.
While "The Wealthy Barber" won't teach you the path toward the Forbes 400 list, it does provide some excellent basic advice on personal finance. Considering the debt that many have, combined with the lack of savings, compounded by the dim outlook for social security, following the advice of this simple little book could make a huge difference in many people's financial futures. I recommend it highly for anyone that needs a head start on planning for their future. I also recommend it for those that want a quick enjoyable read on some basic financial strategies to motivate you to learn more.
Reviewed by Alain Burrese, J.D., author, speaker
Hard-Won Wisdom From The School of Hard Knocks, Hapkido Hoshinsul, Streetfighting Essentials, Hapkido Cane, and The Lock On Joint Locking series, and articles including a regular column on negotiation for The Montana Lawyer
 Great advice horribly written February 10, 2008
4 out of 6 found this review helpful
The writing is as bad as the financial advice is good. Page after page of cringe-inducing prose. A tragic parade of verbs attempting to take the place of "said." Dialogue, characters, and scenes so phony that the whole embarrassing exercise is called into question. Yet...
...the financial advice is perfectly sound. In some cases it's even insightful and, depending on the reader's background, potentially life-changing.
One might wish wholeheartedly for a better executed narrative, but at the end of the day, Chilton deserves credit for what he does accomplish: Those willing to slog their way through his material can definitely benefit, in some cases greatly.
A must read! August 1, 2007
0 out of 1 found this review helpful
Everyone should read this book. It is an enjoyable read. It gives the reader valuable information in a way that is not confusing or induces boredom. I am giving copies of this book as Christmas presents this year to family members who are joining the workforce for the first time.
Fantastic and Educational Parable June 23, 2007
0 out of 1 found this review helpful
Beyond Paycheck to Paycheck: A Conversation About Income, Wealth, and the Steps in Between (Total Candor)
Perhaps the quickest read of all financial planning books. Full of most of life's most important financial lessons from one of society's least likely sources: a barber with more money than anyone expects. Through anecdote the barber teaches his curious disciples the key money lessons you needed to know years ago - but probably still don't.
You'll learn quite a bit by reading "The Wealthy Barber." Take notes, however - there's no glossary or index making it's referential value somewhat limited. But then again, the story is so good, you can read it again later if you find you need a refresher.
 Good book June 18, 2007
0 out of 1 found this review helpful
The book uses the story approach to teach you something, and does it well. The storyline keeps you interested, so you don't fade off reading boring financial info. I learned a lot from reading the book, and have read about 3 or 4 other personal finance books that have been pretty redundant in information.
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