The Wealthy Barber Returns: 5 Takeaway Tips - coffee with Julie (2024)

FAQs

Is The Wealthy Barber worth reading? ›

The Wealthy Barber (1989) is a timeless guide to achieving financial security and building wealth. Here's why this book is definitely worth reading: Full of practical financial advice, it provides actionable steps for managing money and ensuring a comfortable future.

Even though The Wealthy Barber is encouraging in some ways, it's too out of date as a beginner's guide to personal finance. My recommendation is to stay within the past decade for anything to do with personal finance; possibly less if it's about a specific product.

In 2011, Chilton released a second book in the wealthy barber series, called The Wealthy Barber Returns. This book covers many of the same topics as the original, but lacks the fictional barbershop narrative and addresses more recent developments in financial markets.

If you were one of the few people that did not read his first book, don't bother. I think you are better off reading the Wealth Barber Returns. It's not a sequel. It's actually nothing like his first book.

The Wealthy Barber (full title: The Wealthy Barber: The Common Sense Guide to Successful Financial Planning) is a financial planning book franchise by Canadian author David Chilton. The first book in the series was in the business fable genre, using the story of fictional characters to convey financial advice.

Invest ten percent of all your earnings for a long-time growth. Roy recommended that his pupils invest their ten percent into real estate and/or mutual funds. Roy (The Barber) also talks about how compound interest will make them much wealthier than they thought.

The Wealthy Barber, Updated 3rd EditionEveryone's Commonsense Guide to Becoming Financially Independent. In this 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.

The 10% saving solution. The first recommendation in the book, Wealthy Barber, is to have 10% of your paycheck directly go out into an account for long-term growth. As your income increases, your 10% will obviously also increase.

A barber can make $100,000 a year by providing excellent customer service and building a strong client base. This can be done through offering quality haircuts, styling services, and other beauty treatments. Additionally, the barber should strive to create an inviting atmosphere that customers enjoy visiting.

David Chilton's bestseller The Wealthy Barber is an introduction to basic principles of personal finance. These principles are illustrated by means of a fictional story about a teacher (Dave), an auto plant worker (Tom), and a small business owner (Cathy) who seek financial guidance from a local barber (Roy).

How many pages is The Wealthy Barber? ›

Roy's (and thus Chilton's) primary message is that steady, “boring” investments over time are the best way to accumulate wealth. (Shortform note: The original version of The Wealthy Barber was published in 1989. This guide is based on the updated third edition of the book, released in April 2022.

The barbershop aboard the Enterprise-D was run by the Bolian barber Mot, "the best barber in Starfleet", befitting the Federation's flagship. At least three more Bolian barbers worked at the barbershop, including V'Sal. Two male Humans (one named Setti) and a Human female were also among Mot's staff.

The 10% saving solution. The first recommendation in the book, Wealthy Barber, is to have 10% of your paycheck directly go out into an account for long-term growth. As your income increases, your 10% will obviously also increase.

A barber can make $100,000 a year by providing excellent customer service and building a strong client base. This can be done through offering quality haircuts, styling services, and other beauty treatments. Additionally, the barber should strive to create an inviting atmosphere that customers enjoy visiting.