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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: $1.69
You Save: $12.31 (88%)
Buy New/Used/Collectible from $1.69
Avg. Customer Rating:  (78 reviews)
Sales Rank: 7709
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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| Editorial Reviews:
Product Description
" . . . quite simply the best financial self-help book."
--Money Book Club, Book-of-the-Month Club
In this new and updated edition of one of the biggest-selling financial-planning books ever, David Chilton simplifies the complex puzzles of personal finance and helps you achieve financial independence. With the help of his fictional barber, Roy, and a large dose of humor, Chilton shows you how to take control of your financial future--slowly, steadily, and with sure success. Chilton's plan (detailed in an entertaining story) is no get-rich-quick scheme, but it does make financial independence possible on nothing more than an average salary.
This third edition has been updated with assistance from the Arthur Andersen Corporation, and covers the Taxpayer Relief Act of 1997 and other recent developments.
Even if you consider yourself a financial "basket case," Chilton explains how you can easily put an effective financial plan into action.
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| Customer Reviews: Read 73 more reviews...
 Great book August 24, 2008
Easy to understand, interesting read. Recommend for anyone looking for the basics for learning to become financially independent.
great July 19, 2008
This is a great book, everyone should read it if they are interested in building wealth and having a comfortable retirement.
It's Time to Re-Discover Common Sense! June 29, 2008
1 out of 1 found this review helpful
Get rich schemes are out of control today. Beyond the schemes, many people seem to use the lottery their own personal retirement plan.
This is not a get rich quick book, but a common sense guide to becoming wealthy over time. Told though thoughts of a "wealthy barber," this book goes back to basics to teach wise saving and investing techniques. It also reinforces ideas that many have learned over time.
There are several powerful concepts to investing in the book. One of the most important concepts is: Pay yourself first. Although simple, it has profound implications on becoming financially secure.
Another powerful concept is how to invest wisely. The Wealthy Barber talks about the good and bad sides of stock market investing, real estate investing and more. The book also exposes some of the wasteful ways of spending money such as buying cash value life insurance as opposed buying term insurance and investing the difference.
I found the book refreshing and insightful. Great for the beginner as well as advanced investor, these ideas should never go out of fashion. I try to apply many of these principles in my own life and encourage others interested in doing the same.
Overall, this is an excellent book to re-discover common sense and learn the basics of saving, investing, patience, and the magic of time to become wealthy. Highly recommended!
The Re-Discovery of Common Sense: A Guide to: The Lost Art of Critical Thinking
A concrete financial book presented for the layman April 5, 2008
The Wealthy Barber presents an exceptional explanation of the intricacies of financial planning told from the chronicles of an unlikely millionaire barber. For those seeking guidance preparing for retirement and ensuring your financial house is in order, this book is a superb foundation. This book will be especially rewarding to those that find difficultly traversing through bland financial books as Chilton's distracts you from the boredom via his story telling. The stories on their own merit might not rank high; however, just as using salt and butter to get your vegetables down (those of you with an affliction to certain vegetables will understand), the story serves a purpose and successfully will ease you through the material.
My version of the book was purchased in Canada and I am not aware of whether there is an American version, so I should note that in my book it deals with Canadian Investments such as RRSPs (the US equivalent to a Roth IRAs). However, all the financial advice is fully relevant across the board thus any confusion in semantics will be easily clarified.
The financial information explained in The Wealthy Barber is impeccable. The purpose of the book is not to educate one on the particulars of reading financial statements and deriving internal rates of return; the function is to provide a solid understanding of how to plan for retirement. Chilton does an outstanding job explaining the virtues of dollar cost averaging and compounding interest so that even the most non mathematical people will easily grasp the content. The information is flawless and the book is read effortlessly thus I highly recommend this book.
Great Primer on Personal Finance Habits February 26, 2008
1 out of 1 found this review helpful
"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
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