Book Review: The Wealthy Barber Returns by Dave Chilton

Summary: The Wealthy Barber Returns is a financial advice book and a sequel to Dave Chilton's Book "The Wealthy Barber". It's a quick read as it's full of short, conversational sentences, examples, pithy quotes and "insights". The basic premise is to spend less than you make and save the difference.

Do I recommend it? Yes, with caveats.

Not the worst book you could read for financial planning, especially as a new graduate. Doesn't address the student loan crisis. Better than Dave Ramsey because there's no shouting or derision. Obviously doesn't address the pandemic or climate change and how that might affect one's view of the future and therefore potential spending habits.

"Wealth flows from savings, not income." - Dave Chilton

What's good about it? It's great if you need brainwashing - I mean, constant reinforcement - to set your savings plans into motion.

Not so great if you are annoyed by being told the same thing through multiple examples (although I recognize that sometimes people need to be able to see themselves on the page). If you're easily annoyed by old men telling you what to do with your money, you're better off looking to The Financial Feminist.

This Canadian-based author discusses Canadian banking and investment tools, but is still full of good advice to start saving and investing. Potentially irritating for Millenial and Gen Z, although he does acknowledge that you shouldn't ever count on an inheritance.