summaries

The Wealthy Barber: The Common Sense Guide to Successful Financial Planning

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The more dollars adult children receive, the fewer dollars they accumulate, while those who receive fewer dollars from their parents accumulate more.David Chilton
Most of us will get very rich if we stay focused. I'm not saying it's easy. But then, it's not that hard either. The key is discipline.David Chilton
Wealth beyond your wildest dreams is possible if you follow the golden rule: Invest ten percent of all you make for long-term growth.David Chilton
We've become a nation of spenders. Our parents were savers. They experienced the Great Depression and learned the hard way about economic uncertainty.David Chilton
Don't just read this book and agree with the principles; act on them. You're the only one who perhaps can.David Chilton
When you retire, you switch bosses - from the one who hired you to the one who married you. That's why I still work.Roy, The Wealthy Barber
The incredible advantage of understanding compounding and the time value of money. It's how a barber becomes wealthy.David Chilton
Delaying saving for even a few years can cost you hundreds of thousands of dollars in retirement income. Time and compounding are magic.David Chilton
INFLATION is the investor's biggest enemy. Luckily for us, businesses also generate increasing profits and dividends as prices rise.Tommy, character in The Wealthy Barber
A good financial planner is a great resource, but you still need to understand the basics yourself. You wouldn't hand the keys to your car to someone just because he said he was a mechanic.David Chilton
Financial independence is the ability to live from the income of your own personal resources.David Chilton
Remember, it takes time to get rich, but it doesn’t take as much time as it used to.David Chilton