In conclusion, the wealthy barber is a good book for anyone who is interested in learning how to improve his or her finances. The book teaches how to deal with different financial and economy related problems. The author uses a simple story and simple dialogue to make the reader learn how to manage his money properly so one day she or he is able to be wealthy.
I liked what I read of the book because it teaches really useful tricks in a simplistic menar that makes difficult not to understand and learn about personal finances.
lunes, 4 de enero de 2016
Chapter Seven
Roy talks about the importance of not throwing money away. He also remarked the importance of "shelter", making housing a priority to everyone. Besides that, he talks about the misconceptions in retirement.
A relevante quote about this chapter is : "There are 2 things that can lead to an inability to carry debt: rising interest rates and layoffs, wage cuts, and shut downs. The reason that these are feasible to occur is that many people have been living beyond their means for an extended amount of time and it will eventually take a toll on the economy."
A relevante quote about this chapter is : "There are 2 things that can lead to an inability to carry debt: rising interest rates and layoffs, wage cuts, and shut downs. The reason that these are feasible to occur is that many people have been living beyond their means for an extended amount of time and it will eventually take a toll on the economy."
jueves, 10 de diciembre de 2015
Chapter Nine
Insights into Investment and Income Tax
In this chapter, Roy teaches how to reduce income tax. He emphasizes how an investor is doom to failure if he or she don't have discipline and a sharp eye for failure. Without discipline you are walking straight to your own ending. Finally, he concludes that is important to read some books and become relay familiar with common mistakes while doing taxes.
An important quote of this chapter is "With out discipline you are a sheep heading toward slaughter." (Chilton,95). This quote shows the importance of being financially disciplined to be able to be a successful investor. The quote is important because it tells us how necessary is to always be disciplined with your finances.
This chapter relates with the main idea of the book because it shows us the importance of discipline for having a successful life. My favorite thing about this chapter is the way in which is expressed the importance of our behaviors and their impact in our wealth.
In this chapter, Roy teaches how to reduce income tax. He emphasizes how an investor is doom to failure if he or she don't have discipline and a sharp eye for failure. Without discipline you are walking straight to your own ending. Finally, he concludes that is important to read some books and become relay familiar with common mistakes while doing taxes.
An important quote of this chapter is "With out discipline you are a sheep heading toward slaughter." (Chilton,95). This quote shows the importance of being financially disciplined to be able to be a successful investor. The quote is important because it tells us how necessary is to always be disciplined with your finances.
This chapter relates with the main idea of the book because it shows us the importance of discipline for having a successful life. My favorite thing about this chapter is the way in which is expressed the importance of our behaviors and their impact in our wealth.
Chapter Four
The Ten Percent Solution
In this chapter of the book, Roy tells the story and how he became wealthy. He emphasizes that once an old man told him "Invest 10% of what you make for long term growth". Roy proceeds by telling them that of they saved 30 dollars every month from age 18 to 65 at a rate of 15%, the would end up having 2 million dollars.
The most relevant quote of this chapter is of course, "Invest 10% of what you make for long term growth"( Chilton, 42). This sentence represents the main idea of the chapter and a important practice to maintain your own personal finances.
This chapter is related with the main idea of the book because in this chapter, we get to know an important Technic to take care of our finances and how to become "wealthy barbers". Also, the main idea of the chapter is how savings can lead to financial prosperity with is other of he main ideas of the book. My favorite thing about this chapter is that I learned the importance of saving money since youth to be able to have a prosperous life in the future.
In this chapter of the book, Roy tells the story and how he became wealthy. He emphasizes that once an old man told him "Invest 10% of what you make for long term growth". Roy proceeds by telling them that of they saved 30 dollars every month from age 18 to 65 at a rate of 15%, the would end up having 2 million dollars.
The most relevant quote of this chapter is of course, "Invest 10% of what you make for long term growth"( Chilton, 42). This sentence represents the main idea of the chapter and a important practice to maintain your own personal finances.
This chapter is related with the main idea of the book because in this chapter, we get to know an important Technic to take care of our finances and how to become "wealthy barbers". Also, the main idea of the chapter is how savings can lead to financial prosperity with is other of he main ideas of the book. My favorite thing about this chapter is that I learned the importance of saving money since youth to be able to have a prosperous life in the future.
martes, 8 de diciembre de 2015
Chapter one
The Financial Literate
What happens in this chapter is that the author starts describing his live and the thing he enjoys. Then he speaks about his family. As his wife and him are expecting a baby, he enfatizases his need to learn how to manage money. In this chapter, the author shows his need to learn how to become a literate financial character.
"I need to become a literate financial individual"( Chilton, 16)
I liked this quote because it shows the need we all have to learn how to manege our economy to be able to maintain and have good living standards.
I believe this chapter relates with the main idea of the book because it shows how we all need to learn how to manege our finances and it anticipate to us that we will learn how to do it and fast. My favourite element of this chapter was the fact that what happen was related with the personal life of the author which makes it easier to relate with.
What happens in this chapter is that the author starts describing his live and the thing he enjoys. Then he speaks about his family. As his wife and him are expecting a baby, he enfatizases his need to learn how to manage money. In this chapter, the author shows his need to learn how to become a literate financial character.
"I need to become a literate financial individual"( Chilton, 16)
I liked this quote because it shows the need we all have to learn how to manege our economy to be able to maintain and have good living standards.
I believe this chapter relates with the main idea of the book because it shows how we all need to learn how to manege our finances and it anticipate to us that we will learn how to do it and fast. My favourite element of this chapter was the fact that what happen was related with the personal life of the author which makes it easier to relate with.
The Wealthy Barber An Introduction To The Book
The author of the book, The Wealthy Barber is David Chilton. David Chilton is an investor, author and television personality who appeared in the famous Canadian show, Dragons Den. Because of that show, I know who David Chilton is and I felt interested in reading his famous book, The Wealthy Barber.
The Genre of the book is personal Finance. Because of that, anyone who is having financial problems or that simply wants to improve his or her financial methods should be interested in this book. I will personally recommend this book to people who want to become wealthier and that are particularly looking for financial success in their lives. I don't typically read these kind of books because I am more interested in historical or fictional novels. Not even when I try to read something about economy I would read this type of books because I am more interested in the macro perception or study of economy. Yet, this book is particularly interesting for me as I recognize the author and the topic will be useful for me as I become economically independent from my family.
As expressed in the title of this entry, the title of the book is The Wealthy Barber. The reason why this name was chosen is that in the book, financial advice are given to and gave by a barber called Roy. I think the title is an interesting title as a barber is a figure that we can percibe with humility and thus, relate to; so what the title means is everyone can be wealthy.
As you can see, the cover of the book shows David Chilton with the captions: Everyone's Commonsense Guide to Becoming Financially Independent. I believe the cover of the book is welcoming and as David Chilton is such a popular figure, is generally attractive for the readers.
The Genre of the book is personal Finance. Because of that, anyone who is having financial problems or that simply wants to improve his or her financial methods should be interested in this book. I will personally recommend this book to people who want to become wealthier and that are particularly looking for financial success in their lives. I don't typically read these kind of books because I am more interested in historical or fictional novels. Not even when I try to read something about economy I would read this type of books because I am more interested in the macro perception or study of economy. Yet, this book is particularly interesting for me as I recognize the author and the topic will be useful for me as I become economically independent from my family.
As expressed in the title of this entry, the title of the book is The Wealthy Barber. The reason why this name was chosen is that in the book, financial advice are given to and gave by a barber called Roy. I think the title is an interesting title as a barber is a figure that we can percibe with humility and thus, relate to; so what the title means is everyone can be wealthy.
As you can see, the cover of the book shows David Chilton with the captions: Everyone's Commonsense Guide to Becoming Financially Independent. I believe the cover of the book is welcoming and as David Chilton is such a popular figure, is generally attractive for the readers.
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