Personal Finance Books

Book Review # 100995

Business > Finance, Investment and Banking
English > Analysis

This paper compares two books on personal finances: D. Chilton's "The Wealthy Barber" and E. Tyson's "Personal Finance for Dummies".

1,050 words () | 2 sources | APA | 2007 United States

Paper Summary:

This paper explains that these personal finance books are designed to aid the average person in his or her personal finances, which is a subject everyone should try to understand. The author points out that Chilton's "The Wealthy Barber: Everyone's Commonsense Guide to Becoming Financially Independent" is formatted as a discussion among friends; however, it does not provide a clear explanation. The paper relates that Tyson's "Personal Finance for Dummies" explains different topics, chapter by chapter, in a clear and well-designed manner including a useful chapter pointing the way to more information such as financial planners. The author suggests that Chilton's book might make a good introduction for the individual who needs to gain some of the basics before examining Tyson's more detailed book.

From the Paper:

"Chilton uses a fictional barber as a central character and so details how this barber has handled his personal finances so as to become financially independent. The plan Chilton offers is not a quick scheme but a carefully developed way to change one's financial status over time. Chilton does not require the reader to be wealthy or to have any more than an average salary, yet he shows how such a person can take control of their finances and make a real difference for their future."

Sample of Sources Used:

Chilton, D. (1997). The wealthy barber. Roseville, California: Prima Publishing.
Tyson, E. (2006). Personal finance for dummies. Indianapolis, Indiana: Wiley.