- Audible Audio Edition
- Listening Length: 6 hours and 53 minutes
- Program Type: Audiobook
- Version: Unabridged
- Publisher: Recorded Books
- Audible.com Release Date: June 17, 2011
- Language: English
- ASIN: B0056EH4JA
- Amazon Best Sellers Rank:
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The Wealthy Barber: Everyone’s Commonsense Guide to Becoming Financially Independent Audiobook – Unabridged
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The story is that the narrator goes home to visit his parents and finds that they are in good financial shape. The father explains that he only recently got good advice from the local barber about how to handle his money. The narrator (a teacher) goes to visit the barber with his friend (works at a factory) and his sister (owns her own business). The three advisees cover most of the financial situations people are in. The barber gives his advice over seven visits. In the barber shop during the talks are regulars who offer differing opinions at times.
The main piece of advice is to put away 10% of your income while you are working. The rest of the advice is about where to put that money and how to properly insure yourself. It is pretty dry material, but the conversation format keeps the reader interested. As my title suggests, there are a lot of intentionally cheesy jokes mixed in. If you like that sort of thing, you are in luck. If not, they are not distracting.
Considering the fact that this was written in the 1990s, one of the most interesting pieces of advice the barber gives is to be wary of the housing market because nothing goes up forever. If they update the book, giving advice about buying in the post-housing bubble world would be useful.
All in all, I am extremely glad I read this book. I feel a lot more comfortable about my financial situation and would recommend it to any financial novice.