The Wealthy Barber
by David Chilton
A 1989 Canadian classic told as a story: three young people visit a barber who teaches them to pay themselves first, buy adequate insurance, save for a home, and invest steadily. The format is gentle and the advice is fundamental. Some specifics are Canadian and dated; the principles are universal.
Read it if…
you want a friendly, story-based introduction to money for yourself or a young adult.
Skip it if…
you want current, US-specific detail.
Three things you will actually use
- Pay yourself first; the rest adjusts.
- Insure what you cannot afford to lose.
- Invest steadily and ignore the noise.
Do this first
Set up a ten-percent automatic transfer the day after payday, the barber's first rule.
Our verdict
A warm classic; dated details, timeless core.
Compare with other Money books
Retire Before Mom and Dad
Rob Berger · Money
Numerate and sensible; a good second money book.
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