A little outdated in some ways, and the writing is cringeworthy at times (for the love of all that is good and holy - put the thesaurus away and just say "says" from time to time!), but the advice is sound and easy to understand. I am glad I read it and will likely skim it again to make sure I got some things right. Would be a very good gift (there's an updated version, I believe) for people in college/just finishing, newlyweds...
Great easy intro book to managing your finances without knowing a whole lot about finances :P
Forget the textbook jargon and just chit chat with your neighborhood friendly barber to get the secrets to wealth. This is a great book for beginners to finance and even to personal development.
David Chilton makes it easy to pick up on key tips to improve your finances and not in the typical manner. This book is not about budgeting and it's a breath a fresh air.
The main thing he really hones in on is save 10% for you, for your long term growth and watch compound interest do it's thing.
I feel like this book is a more modern version of Richest Man in Babylon, told in stories, dialogue, and relatable circumstances and situation in this day and age. (not the Babylonian times haha).
very engaging n easy to follow way of explaining the common sense of financing — some things are quite outdated or irrelevant to me atm but still good stuff to think about later on !!
I was among the first to read and review this book for the finance section of an Ontario newspaper when it was first released back in 1989. David Chilton lived in a nearby city and was pushing hard to get reviews. I loved it because it took the dry lessons of personal finance and turned them into a parable about a barber who knew the secret to financial success. I knew the book would be a hit and said so. The rest is history.
This personal finance book is presented in a non-threatening and easy to understand manner. The main character's father guides him to a local barber who has done well financially by following sound financial principles. The barber dispenses his knowledge to some pupils during weekly meetings in his barbershop. I highly recommend this book, especially to those new to the subject of personal finance.
This is my second time through the book. I reread it since I am recommending it to a couple of younger fellows; thus, I am needing to be up to speed on it for our future discussions. It is readable, enjoyable, and has a number of profitable ideas. The case he makes for mutual funds is ok for many, but some will prefer to own particular stocks. While he advocates not using credit cards, their convenience combined with self discipline makes them a useful tool. Of course, they are like fire, a useful tool but a fearful master. Some places are actually funny when it comes to the banter between the three seeking information, the barber, and the three fellows who hang out in the shop. I recommend it to all, but for folks in their 20's and 30's, it is prime reading material.
A must read for any friend, it approaches personal finance in a nonchalant, meaningful, practical and funny way which makes the read a breeze. I wanted to read the book for its content on personal finances, but I ended up being caught in the story and enjoying it for its storytelling.