The Wealthy Barber is a good, basic book to start with. Save 10% of what you earn. There, that's pretty well it. Now you don't have to read this book!
ps... I found that the book got somewhat boring and dull 1/2 thru it.
It's generally good consumer advice, but telling people to save and save could have negative consequences, including inflation driven by increasing money supply.
As well, lending markets are driven by heterogeneity; i.e., not everyone can be a lender. If individuals and govt. all save their money, the only ones to borrow are business. At that point, the real interest rate would likely be negative and businesses would have access to ridiculous, unnecessary amounts of credit. Just a thought.
Hey, dherma,the situation you just describe did not happen to some high saving nation, like China and Japan.Besides,Chilton is not even suggesting everyone should save like a miser.He's just suggesting common sense.
I'm a teacher and I'm a budget freak. I killed myself laughing on David's comment.
Rawnblade77 2 months ago
The Wealthy Barber is a good, basic book to start with. Save 10% of what you earn. There, that's pretty well it. Now you don't have to read this book!
ps... I found that the book got somewhat boring and dull 1/2 thru it.
cheeriosinabowl 9 months ago
WHOA brendan fraser 0:30
daveyboy4eva 1 year ago
Comment removed
96Mauser 2 years ago
haha scottys dad is on the hour.
kimmer33 2 years ago
It's generally good consumer advice, but telling people to save and save could have negative consequences, including inflation driven by increasing money supply.
As well, lending markets are driven by heterogeneity; i.e., not everyone can be a lender. If individuals and govt. all save their money, the only ones to borrow are business. At that point, the real interest rate would likely be negative and businesses would have access to ridiculous, unnecessary amounts of credit. Just a thought.
dherma 2 years ago
Hey, dherma,the situation you just describe did not happen to some high saving nation, like China and Japan.Besides,Chilton is not even suggesting everyone should save like a miser.He's just suggesting common sense.
pingheilee 2 years ago
Brilliant interview, favourited! gotta watch this again! Great stuff!
aidandoesdallas 2 years ago
I yoosta bee homo
JacYodac 2 years ago
Geo is the BEST !!
sgnormut 2 years ago
I like the fact that this show gives a light to people I have never heard of but should of....
th3inquisitiv31 2 years ago 8
K-dUB!
screw laurier tho...
...go UW!
bmed19 2 years ago
faux noise does not deserve a show in stromboline
nestorrfortuna 2 years ago
Has Strombo done a bit about the whole FOX bashing Canada thing yet?
forrenz 2 years ago
When did they bash Canada?
cpetcow 2 years ago
search YouTube for "how to lose friends and alienate countries"
forrenz 2 years ago
Also, I lived 3 streets away from 4th Ave. in Kitchener at one point in my life...that is cool.
cherry386 2 years ago
Yeah, funny he mentioned that, I lived on Greenfield Ave. growing up, a few blocks from 4th. My mom still lives near there.
Stormie33 2 years ago
Haha, that's funny, I lived at the end of Connaught and then moved near Fairview Mall, the street up from Greenfield lol
cherry386 2 years ago
Makes me proud to be from Kitchener lol. This man is very wise and smart. Especially at time like this, this is very helpful.
cherry386 2 years ago
Good advice to live by. It seems so easy, yet so many people can't seem to handle it. Amazing.
canadianmaple09 2 years ago
lol i still hand out the wealthy barber at chatpers when someone needs a good resource in personal finanace
MarsVoltaire 2 years ago