The Wealthy Barber: The Common Sense Guide to Successful Financial Planning
NON FICTION BOOK REVIEW
Title: The Wealthy Barber: The Common Sense Guide to
Successful Financial Planning; by David Chilton; Publisher,
Stoddart; Paperback; 205 pages; $14.95;
Reviewer: A. T. Connellan, "The Wealthy Barber is an investment
guaranteed to return a dividend. I liked this book, and I'm thinking
of giving it--to my barber."
Wealthy Barber is more than a catchy title
Other than a very catchy title, what is it about a Canadian book
that has sold over a half-a-million copies of 31 editions in three
years, and occupied a high spot on everyone's Best Seller List
for more than a hundred weeks? What it is, is an everyman's/woman's
plan for amassing wealth.
David Chilton, the 32 year-old former stockbroker of Kitchener,
Ontario, found one way. He wrote a 204 page volume, sold over
500 thousand copies at $14.95. It doesn't take a MENSA IQ to
calculate that if he lives to a hundred and ten, this fellow will never
be strapped for the cost of a haircut.
Writing in a pragmatic, colloquial, easy to understand fashion,
the author spins his tale through a six month time block of periodic
encounters in Roy Miller's Sarnia barbershop. Mr. Chilton is
sneaky-smooth in the way he uses this scene to slide
understanding into the readers subconscious to implant the
process, and desire, for wealth acquisition.
Wealthy Barber Miller, a devout believer in the true-isms "A dollar
saved is two dollars earned," and "the value of compound interest,"
serves up a practical plan among the hair-clippings for Dave,
his sister Cathy, and friend Tom to the murmured assents of two of his
"graduates." In the process, the most complex elements of the
financial market place are rendered into cognitive quotients.
All of the usual investment vehicles are trenchantly examined along
with wills and tax planning. The result is the shaping of a individualized
approach driven by enlightened self interest.
Most of us fail to follow our self-dictated instincts. We allow others
to intimidate us into inertia. Others who, if they were that smart, would
be rich and golfing not selling. If nothing else, this is the book that
will neutralize the smooth blandishments of
Mutual Fund/Stockbroker/Insurance/Real Estate Salespeople,
provide a financial yardstick, and instill the self confidence of being in charge.
The Wealthy Barber is an investment guaranteed to return a
dividend. I liked this book, and I'm thinking of giving it--to my barber.
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