Book Review: The Wealthy Barber

Book Review: The Wealthy Barber by David Chilton

I picked up this book from my bookshelf this weekend and couldn't put it down. Yes, it's that good. This book is a very practical look at how any person can put their finances in order. The things that appeal about this book are:
-It's a fictional story so it's easy to follow.
-It's simple and the premise is simple and easy to grasp.
-It's Canadian written and geared to Canadians.
-It covers all the basics of good financial planning without getting too technical.

In short, if there is only one book you read about finances in life (and apply) this is the one. Like many other books it espouses "pay yourself first" as the core principle. What makes it different is it covers some other basics like
-Why a will and life insurance are totally important (and what kind and how much insurance does someone need)?
-What do you do with your 10% (where and how to invest it)
And many others practical things that some of the books miss. And it assumes that managing your finances is not something you want to spend a lot of time doing. I like how Chilton has a realistic view of human nature when it comes to saving and budgeting (basically that we are weak) and makes this part of the book. If you already know that you won't read this book and want a good summary, check this one out here.

The best part of this book is its accessibility. You don't have to be an accountant to be able to manage your finances wisely and build wealth for yourself and your family. I rate it 4.8 ninja stars out of 5.