The Wealthy Barber is David Chilton’s bestselling guide to becoming financially successful by following a handful of simple, easy-to-understand principles. These principles are illustrated using a fictional story about a teacher, an auto plant worker, and a small business owner who seek financial guidance from a barber who’s become wealthy by following the lessons he imparts.
Unlike some books on personal finance, The Wealthy Barber is not one size fits all: Chilton advises, for example, that you should only buy a house if it’s right for you, that day-to-day spending choices like whether to order take-out don’t matter too much if you’re implementing big-picture financial planning, and that not everyone needs life insurance.
Our guide compares and contrasts Chilton’s approach with those outlined in other popular personal finance books, such as The Simple Path to Wealth and The Total Money Makeover. We also provide background on developments in the financial and housing markets since the book was published.
