Financial Planning

Funny enough, it was the conversation not the descriptions of retirement savings that made me bored stiff. I'd much rather have had the facts presented without the fluff of a "plot" and bad jokes. I wouldn't recommend, just watch some financial planning videos on Youtube instead.

Ce livre devrait être une lecture obligatoire aux élèves du secondaire! Tout est expliqué très simplement et si tout le monde suivait les simples règles d'investissement décrites dans ce livre, personne n'aurait aucun problème à sa retraite. Personne!

Mon seul regret : ne pas avoir lu ce livre dans ma jeune vingtaine (ou avant)! Chacun de mes enfants vont avoir une copie de ce livre, c'est une promesse! ( )

Some say that The Wealthy Barber is outdated. I read the revised third edition which was published over twenty years ago. Times have changed but the words in this book is still relevant for the everyone that wants to become financially independent. If you look at it as your first book to read as you make your path to reach that goal. Although, I have been doing much of what is written, it was still helpful. I would recommended this book to those starting out on their own and don’t know what to do with the finances. He covers not only saving, but life insurance, with a bit or taxes and real estate. Not in depth though, but more as a starting point. Easy and fun read that I would recommend to everyone who wants to a push in the right direction for their personal finances. ( )

This was pretty much all stuff I (even I) know, and a lot of the details were not that useful because I ended up with the US version somehow (even though the Barber is an originally Canadian phenomenon--they moved him from Sarnia to Ann Arbor), and they didn't give me a solid reason for getting life insurance (which I can't help but feel is ghoulish, though I come from a family that get pushy-backy and hostile whenever you mention the idea that anyone could get sick or get hit by a bus, except when the conclusion is "so what can you do, let's forget it"), and every aspect of home finance is worse than it was when the book was written (rates of return lower, housing prices higher, jobs more precarious, etc.), and it doesn't ever engage with the "fairness" questions even when it raises them itself, but it was still good to have it all like laid out in order. Now if I can just pay off all these back taxes (they got Al Capone) I can start saving my ten percent. ( )