Comments on: The Wealthy Barber http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/ Personal finance that makes cents. Common sense advice on topics from high interest savings accounts, frugality, cd rates, money market accounts, mortgage rates, how to get out of debt, money management and more. Sun, 21 Mar 2010 18:16:06 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Marc http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-143985 Marc Tue, 12 Aug 2008 03:37:23 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-143985 For a Good Stuff version of this book with all the narrative removed, simply read it with a highlighter and pen in hand. Mark up the good stuff. Then it's highly visible when you need to come back to it. For a Good Stuff version of this book with all the narrative removed, simply read it with a highlighter and pen in hand. Mark up the good stuff. Then it’s highly visible when you need to come back to it.

]]> By: emmanuel ngwa http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-115428 emmanuel ngwa Sat, 02 Feb 2008 11:53:17 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-115428 I have read Automatic Millionaire by David Bach and a book by Sueze Orman.I often advise my friends at work (those who often asked me for investment tips) to save 5 dollars a day.This translates into 150 dollars a month.If you can do this for 5 months, then I know that you are ready to take control of your finances. I have read Automatic Millionaire by David Bach and a book by Sueze Orman.I often advise my friends at work (those who often asked me for investment tips) to save 5 dollars a day.This translates into 150 dollars a month.If you can do this for 5 months, then I know that you are ready to take control of your finances.

]]> By: Ask the Readers: Personal Finance Books as Gifts? ? Get Rich Slowly http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-107862 Ask the Readers: Personal Finance Books as Gifts? ? Get Rich Slowly Sat, 08 Dec 2007 00:04:14 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-107862 [...] relates common sense personal finance advice in the form of a folksy story. This is a good book (my review), and comes in both U.S. and Canadian [...] [...] relates common sense personal finance advice in the form of a folksy story. This is a good book (my review), and comes in both U.S. and Canadian [...]

]]> By: Building a Personal Finance Library: 25 of the Best Books About Money ? Get Rich Slowly http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-80908 Building a Personal Finance Library: 25 of the Best Books About Money ? Get Rich Slowly Sat, 10 Mar 2007 19:50:13 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-80908 [...] This book offers good, general personal finance advice in the guise of a novel. Several friends meet once a month at the barber shop where the titular character dispenses wisdom on saving, investing, buying a house, and so on. The advice here is excellent, often backed by clear examples. The book’s conversational tone may appeal to some who might otherwise be turned off by personal finance. [My review.] [...] [...] This book offers good, general personal finance advice in the guise of a novel. Several friends meet once a month at the barber shop where the titular character dispenses wisdom on saving, investing, buying a house, and so on. The advice here is excellent, often backed by clear examples. The book’s conversational tone may appeal to some who might otherwise be turned off by personal finance. [My review.] [...]

]]> By: Get Rich Slowly » How and Why to Start an Emergency Fund http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-7166 Get Rich Slowly » How and Why to Start an Emergency Fund Fri, 08 Sep 2006 15:08:33 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-7166 [...] In The Wealthy Barber [my review], David Chilton writes: “I’m not against emergency funds, but I do feel that $2,000 to $3,000 is much more realistic than $10,000. If you’re afraid that an expensive emergency looms in you future, establish a $10,000 credit line at your bank.” Chilton believes most people have insurance to cover many emergencies, and $2,000 or $3,000 is enough to meet the needs insurance will not cover. In the meantime, if you need more, you can liquidate investments. [...] [...] In The Wealthy Barber [my review], David Chilton writes: “I’m not against emergency funds, but I do feel that $2,000 to $3,000 is much more realistic than $10,000. If you’re afraid that an expensive emergency looms in you future, establish a $10,000 credit line at your bank.” Chilton believes most people have insurance to cover many emergencies, and $2,000 or $3,000 is enough to meet the needs insurance will not cover. In the meantime, if you need more, you can liquidate investments. [...]

]]> By: rmark http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-5555 rmark Mon, 14 Aug 2006 19:50:12 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-5555 "The Wealthy Barber" is the best beginners book out there. Add to it "Four Pillars of Investing" by Bernstein,and "Common sense on Mutual Funds" by Bogle, and you have a fairly complete library in only 3 books. "Your Money or Your Life" is a philosophy book, not a personal finance book. “The Wealthy Barber” is the best beginners book out there. Add to it “Four Pillars of Investing” by Bernstein,and “Common sense on Mutual Funds” by Bogle, and you have a fairly complete library in only 3 books.

“Your Money or Your Life” is a philosophy book, not a personal finance book.

]]> By: Terry http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-1436 Terry Mon, 10 Jul 2006 00:57:20 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-1436 Great review of the Wealthy Barber. I linked to it today from my article entitled "Transforming Debt Into Wealth". -Terry Great review of the Wealthy Barber. I linked to it today from my article entitled “Transforming Debt Into Wealth”.

-Terry

]]> By: Get Rich Slowly » Independence Day Break http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-1111 Get Rich Slowly » Independence Day Break Mon, 03 Jul 2006 14:32:43 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-1111 [...] My review of The Wealthy Barber [...] [...] My review of The Wealthy Barber [...]

]]> By: Get Rich Slowly » How I Choose Personal Finance Books http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-716 Get Rich Slowly » How I Choose Personal Finance Books Tue, 20 Jun 2006 17:41:37 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-716 [...] I also like books that give concrete suggestions. I don’t like the very popular Rich Dad, Poor Dad because it’s long on sermonizing and short on actionable ideas. Contrast this with a book like The Wealthy Barber, which admits that there are varied approaches to personal finance, and recommends specific, sensible courses of action for many of them. [...] [...] I also like books that give concrete suggestions. I don’t like the very popular Rich Dad, Poor Dad because it’s long on sermonizing and short on actionable ideas. Contrast this with a book like The Wealthy Barber, which admits that there are varied approaches to personal finance, and recommends specific, sensible courses of action for many of them. [...]

]]> By: Jason C http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-343 Jason C Fri, 09 Jun 2006 14:59:12 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-343 Thank you VinTek and J.D. for the replies. I'm 31, married without children, still renting and have a decent paying job. Anyway, I suppose I'm starting a little late but, at the risk of sounding cliche, "better late then never". J.D.: I will keep an eye out for those reviews. VinTek: I will take a look at both those books. Thanks again! Thank you VinTek and J.D. for the replies.

I’m 31, married without children, still renting and have a decent paying job. Anyway, I suppose I’m starting a little late but, at the risk of sounding cliche, “better late then never”.

J.D.: I will keep an eye out for those reviews.

VinTek: I will take a look at both those books.

Thanks again!

]]> By: J.D. http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-342 J.D. Fri, 09 Jun 2006 14:39:47 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-342 I haven't read any investment-only books yet, but I have <i>The Only Investment Guide You'll Ever Need</i> by Andrew Tobias and <i>Rule #1</i> by Phil Town out from the library, and hope to do reviews on them soon. I haven’t read any investment-only books yet, but I have The Only Investment Guide You’ll Ever Need by Andrew Tobias and Rule #1 by Phil Town out from the library, and hope to do reviews on them soon.

]]> By: VinTek http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-341 VinTek Fri, 09 Jun 2006 14:38:15 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-341 Jason, It depends on how old you are. If you're young (20s), I think that "The Only Investment Guide You'll Ever Need" by Andrew Tobias will give you a good foundation for the rest of your life. If you're older, then "The Random Walk Guide to Investing" by Burton Malkiel is good one; it does a little more emphasis on asset allocation, which is helpful because as you get older, you'll start shifting your strategy away from growth toward capital preservation. Jason,

It depends on how old you are. If you’re young (20s), I think that “The Only Investment Guide You’ll Ever Need” by Andrew Tobias will give you a good foundation for the rest of your life. If you’re older, then “The Random Walk Guide to Investing” by Burton Malkiel is good one; it does a little more emphasis on asset allocation, which is helpful because as you get older, you’ll start shifting your strategy away from growth toward capital preservation.

]]> By: Jason C http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-337 Jason C Fri, 09 Jun 2006 13:27:22 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-337 Thanks for the review! I've been looking for information on investing. I'm just starting to explore my options and I'm getting a little overwhelmed. Can anyone recommend an investing 101 book or web reference? Thanks for the review! I’ve been looking for information on investing. I’m just starting to explore my options and I’m getting a little overwhelmed. Can anyone recommend an investing 101 book or web reference?

]]> By: dan http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-329 dan Thu, 08 Jun 2006 20:16:16 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-329 I was wondering if you'd read "The Wealthy Barber." I read it a month ago and have raved about it ever since. In fact, I was thinking of buying one for my younger siblings because it has such good advice. I'm also planning to open a mutual fund and follow the 10% savings plan. It's an excellent book. I was wondering if you’d read “The Wealthy Barber.” I read it a month ago and have raved about it ever since. In fact, I was thinking of buying one for my younger siblings because it has such good advice. I’m also planning to open a mutual fund and follow the 10% savings plan. It’s an excellent book.

]]> By: Justin Thibault http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-328 Justin Thibault Thu, 08 Jun 2006 19:46:11 +0000 http://www.getrichslowly.org/blog/2006/06/08/the-wealthy-barber/#comment-328 Don't forget "The Richest Man in Bayblon" in your list. I have a theory that all personal finance advice books use this as the original reference. Don’t forget “The Richest Man in Bayblon” in your list. I have a theory that all personal finance advice books use this as the original reference.

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