David Barr Chilton - The Wealthy Barber Returns

Copyright 2011 by David Barr Chilton

All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval system, without permission in writing from the publisher.

Library and Archives Canada Cataloguing in Publication

Chilton, David Barr, 1961

The wealthy barber returns : significantly older and marginally wiser, Dave Chilton offers his unique perspectives on the world of money / David Chilton.

Includes bibliographical references.

Ebook edition.

Issued also in print and audio formats.

1. Finance, Personal. I. Title.

Edited by Susan Chilton and Fina Scroppo

Book design and production by WeMakeBooks.ca

Cover photographed by Terry Manzo

The following information is intended as a general reference tool for understanding the underlying principles and practices of the subject matter covered. The opinions and ideas expressed herein are solely those of the author. The author and publisher are not engaged in rendering legal, accounting, tax, insurance, financial, investment or other professional advice or services in this publication. The publication is not intended to provide a basis for action in particular circumstances without consideration by a competent professional. The strategies outlined in this book may not be suitable for every individual, and are not guaranteed or warrantied to produce any particular results. Further, any examples or sample forms presented are intended only as illustrations.

The author, publisher and their agents assume no responsibility for errors or omissions and expressly disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this book.

All inquiries should be addressed to:

Financial Awareness Corp.

2 1241 Weber St. E., Kitchener, Ontario N2A 1C2

519-747-2298 1-800-665-3913

www.wealthybarber.com

dchilton@wealthybarber.com

If youre interested in bulk purchases of The Wealthy Barber Returns , we offer an aggressive discount schedule. Please call us at one of the above numbers.

Testimonials

Dave Chilton is the only guy who can effectively teach you the way to financial security using Oscar Wilde, evolution, the pains of horse racing and the price of Nibs. If I can apply even half of what I learned in this very funny book to my life, it will ease my mothers mind, and for that I will be eternally grateful.

George Stroumboulopoulos, CBC Host

If youve always thought of money as a dry and dusty subject, let Dave show you just how interesting it can be. While youre at it, learn a thing or two about your personal motivation and how to point it in the right direction. And laugh your socks off, too! I thoroughly enjoyed this book!

Gail Vaz-Oxlade, TV Host of Til Debt Do Us Part and Financial Author

The Task Force on Financial Literacy can stop dithering. All it has to do is distribute Dave Chiltons long-awaited The Wealthy Barber Returns .

Jonathan Chevreau, National Post Columnist and Author of Findependence Day

Very funny. Very smart. This fast-paced journey through the world of personal finance will help a lot of people. I loved it!

Amanda Lang, CBC Senior Business Correspondent

A simple plan for a better financial future: Read this book. Its down to earth, fun to read and wise to all the mistakes people make in managing money.

Rob Carrick, Personal Finance Columnist, The Globe and Mail

From the man who encouraged millions of people to save for the future, The Wealthy Barber Returns arrives when Canadians need it most. Another generation will be richer because of Chiltons funny, heartfelt and timely book.

Pat Foran, CTV News

Dave is the king of common sense and writes in a way that everyone can understand. I love his key points: Financial planning is surprisingly straightforward. Simplicity works. Pay yourself first and get out of your own way. Too much credit can kill you.

Ellen Roseman, Personal Finance Columnist at the Toronto Star and Blogger at Moneyville.ca

The Wealthy Barber Returns should be on the desk of every politician, chief, parent and teacher in North America. Dave speaks like the great chiefs of the past by reminding us that success is far more than money and material possessions.

Chief Clarence Louie, CEO, Osoyoos Indian Band Development Corp.

I seldom endorse books but Im happy to make an exception in this case. The Wealthy Barber Returns is good, practical advice written in a clear, concise and engaging style. If you, like most Canadians, are looking for ways to improve your financial situation, this is the place to start.

Malcolm Hamilton, Partner, Mercer

Brilliant! I liked it even better than The Wealthy Barber. If we incorporate even a couple of Daves ideas into our nancial lives, well be much richer for it and not merely in monetary terms.

Ram Balakrishnan, CanadianCapitalist.com

Chiltons good, old-fashioned advice and fresh insights will help you spend, saveand invest more effectively. His entertaining, punchy style ensures that you will benet from his seasoned wisdom into both what works and what doesnt.

Talbot Stevens, Financial Author and Speaker

About the Author

DAVID CHILTON is an economics graduate from Wilfrid Laurier University. In 1985, he won the award for the highest mark in the country on the Canadian Securities Course. Cheating was never proven but widely suspected. In 1989, he released The Wealthy Barber. It went on to sell an astonishing two million copies in Canada. After milking his one and only good idea for years, Dave left the personal-finance field to home-school his children. His daughter escaped after a few months, but his son served out his entire sentence of three years less a day. Both children somehow overcame the experience and are now attending university. Over the years, Dave also published the bestselling cookbooks Looneyspoons, Crazy Plates and Eat, Shrink & Be Merry! along with authors Janet and Greta Podleski. Adding no value but taking a third of the profits, guilt finally overwhelmed Dave and he left the sisters business in 2007. They just recently noticed. His true professional passion, however, remains the area of personal finance, where he tries to mix humour and common sense to help people handle their money more wisely. A frequent guest on national TV and radio shows, and a much sought-after speaker, Dave lives just outside Waterloo, Ontario.

The

Wealthy

Barber

Returns

Significantly Older

and Marginally Wiser,

Dave Chilton Offers

His Unique Perspectives

on the World of Money

Dedication

Ive made a lot of mistakes in my life, but for reasons beyond my control, I somehow managed to follow the best advice ever given: Choose your parents wisely! My mom and dad have been, and continue to be, hugely positive influences on me. As important, they are the ultimate grandparents to my children, providing not only unconditional love and support, but also strong examples of living with integrity. To my dismay, however, in their retirement years theyve spent a tremendous amount of their hard-earned money on trips to far-off lands, lessening my potential inheritance considerably. I have pointed out that the Discovery Channel in high def is as good as being there, yet off they go on another cruise or tour. Nobodys perfectbut theyre close! So, for all theyve done for me, I dedicate this book to my mom and dad. This, despite the fact that after The Wealthy Barber became successful, my shocked father, when asked in an interview whether he and my mom were worried that I would be a one-hit wonder, responded, Thats one hit more than we thought hed have.