The Wealthy Barber says Canadians face more opportunities—for profit and peril Dec 9th

TSX getting you down? There are always sound investment alternatives.
Latest News

Canadians fear a tougher road to retirement—and plan to help their kids along the way Feb 10th

Canadians are going into this year’s RRSP season in a somewhat pessimistic mood. Two-thirds say it will be more difficult for them to save and invest for their retirement than it was for their parents, according to BMO’s latest Retirement Survey. Canadians expect a tougher retirement than the.... More »

So you fell short of your financial goals in 2025—here’s how to do better Dec 26th

Did you fall behind on your financial goals for 2025? If so, you’re not alone. According to a survey by online estate planning platform Willful, 58% of Canadians reported postponing financial tasks they’d earmarked for the year, such as paying down debt, contributing to registered savings and in.... More »
 stock exchange

Wealthsimple-X deal sparks investor risk concerns + MORE Apr 20th

A new partnership Wealthsimple has struck with social media platform X could greatly expand the finance company’s reach—but some critics are raising concerns about the risks for investors.  Through the partnership launched this week, Wealthsimple customers who have its app on their p.... More »

S&P 500 and Nasdaq notch records; AMD results spark AI stock rally - Reuters May 6th

S&P 500 and Nasdaq notch records; AMD results spark AI stock rally  ReutersStock market today: Dow jumps 600 points, S&P 500 and Nasdaq hit records as AI trade fuels rally  Yahoo FinanceMarket Outlook: AI optimism pushes S&P 500 to fresh record highs  BNN Bl.... More »
 mutual funds

Stock news for investors: Mixed fortunes for Lululemon, Couche-Tard, and Power Corp Mar 20th

Here’s a round-up of news for Canadian investors this week. Lululemon Alimentation Couche-Tard Power Corp. of Canada Featured RRSP Accounts featured EQ Bank Build your retireme.... More »
David Chilton was down on his luck. In 1988, the aspiring author decided to cash in his RRSP and self-publish a book about a savvy barber who dispenses financial advice—like not to cash in your RRSP—to curious, wisecracking customers. “The one time I was struggling—badly—in finance was when I was writing the original ‘Wealthy Barber,’” he said.

Surrounded by faded wood panelling, Chilton penned it by hand on a brown, lamplit card table in the basement of his home in Kitchener, Ont., carrying on despite “very mixed reviews” on the initial chapters from industry experts. Guided instead by the feedback of a dozen “beer-swigging” softball teammates, he emerged from the cellar over a year later with a personal finance classic now on more than two million Canadians’ bookshelves.

The Wealthy Barber gets a modern update

Although much of the advice from “The Wealthy Barber” feels timeless, an alphabet soup of TFSAs, RESPs, and FHSAs has since emerged as real estate prices soared ever higher, all amid a cacophony of online personal finance pundits and stock pickers…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!