By Larry MacDonald August 26, When David Chilton in wrote and published The Wealthy Barber , it was a huge hit, selling over 2 million copies. For one thing, The Wealthy Barber Returns is an easier read. And I did laugh out loud in places. To illustrate, he tells a story about his father. The content is also better in The Wealthy Barber Returns.
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It was through The Wealthy Barber that I learned that Paying Yourself First is the way to go and it remains to be my most important financial piece of wisdom. No story line in this one, but lots of humor. Ten years later, he still looks the same as the original book I did a side by side comparison of course and has not significantly older as he claims in the title of his new book.
The way David writes reminds me of how I write like its a conversation except he writes a gazillion times better of course. He talks about financial advisors, what common personal finance abbreviations mean, why its a good idea to be oblivious in the stock market, and he even mentions about some great personal finance blogs you should follow namely the Canadian personal finance gurus Preet Banjeree and Squawk Fox.
You can read an excerpt of his book in the Toronto Star. He does make a good point that with the RRSP, it can be very difficult to predict your income when you withdraw from it. Do you put your children first or your retirement first? He suggested that you could recruit grandparents to help with RESP contributions and that approaching this subject with your parents might be difficult but he gave an easy tip:.
Haha that is the best trick in the book ever, if you ask me! Creating motiviational competition and guilt between inlaws is like getting two Christmas presents from your separated parents Hey! The coolest part of this book is that he actually gives his real number in the book and I am tempted to call it to see if it is really him. Judging by his friendly, personable personality, I am taking a guess that it really is his phone number listed in the book.
Anyone want to test it and see? When I emailed him or so I thought his publisher to ask for a review copy of his book, I was surprised that he replied back himself! Readers, what are your thoughts on The Wealthy Barber Returns? Have you tried calling his number?
I agree RRSPs were the only game in town at that time, most people were aware of. I wrote a story about annuities you may want to review. The end part…retirement how can we spend and enjoy our money have better protection and pay less taxes is an important one. Dave Chilton really hit the nail on the head regarding paying yourself with his first book. Also having a lot of money in RRSPS only delays taxes in the future, with tax changes one like clawbacks see age amount, and OAS one could pay more taxes in retirement not less.
LOL better than nothing right? I need to pick this up for my holiday reading. Dave Chilton- Thanks for visiting!!!! This is the first personal finance book I read at about the age of It also help set me up to a lifestyle of savings first rather than consumption. Great review. I have not read his second book however you have just convinced me to! Good review. I saw this book at the store a few days ago but I thought it might be the original book with an extra updated chapter or two.
But no, a new book! Save all that RRSP contribution room for when you are in the highest possible tax bracket shortly before retirement. Nice review. I was just about to do one as well. I like Mr. Found myself chuckling a few times throughout the book. And that chapter about how moot it is to try and beat the market is quite telling.
LI- Awesome, you read his book too? I love his sense of humor, and really enjoyed the family members aspect of it all.
Haha, I wonder what his daughter and son thinks of all this? Your Name. Your Email. We may receive compensation when you click on links to those products or services. Book Reviews. Young Written by Young Modified date: December 8, This is a must read book especially if you have read the life changing Wealthy Barber book. As you all know, The Wealthy Barber is one of my all time favourite personal finance books and I believe one of the very first ones I have read , so you know that when David Chilton announced that he was writing another book, I was waiting with delirious anticipation to read his second book, The Wealthy Barber Returns.
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Book Review: The Wealthy Barber Returns
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.
Review: The Wealthy Barber vs. The Wealthy Barber Returns by David Chilton
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Reviewed: The Wealthy Barber Returns
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. It is so simple.
The Wealthy Barber Returns
It was through The Wealthy Barber that I learned that Paying Yourself First is the way to go and it remains to be my most important financial piece of wisdom. No story line in this one, but lots of humor. Ten years later, he still looks the same as the original book I did a side by side comparison of course and has not significantly older as he claims in the title of his new book. The way David writes reminds me of how I write like its a conversation except he writes a gazillion times better of course. He talks about financial advisors, what common personal finance abbreviations mean, why its a good idea to be oblivious in the stock market, and he even mentions about some great personal finance blogs you should follow namely the Canadian personal finance gurus Preet Banjeree and Squawk Fox.