David Chilton on The Hour with George Stroumboulopoulos

http://www.cbc.ca/thehour

David Chilton is the author of 'The Wealthy Barber.' It came out in 1989 and became one of the biggest books in Canadian history, selling more that two million copies. Born in Kitchener, Ontario, Dave was fascinated with business and economics from a young age. After getting a degree in finance and working as a stockbroker for a couple of years, he decided to write a book on financial planning. The main character - 'The Wealthy Barber' - teaches his customers how to get rich slowly and stay that way. The basic idea - spend less than you make. With that message, Dave's become a popular public speaker. And he's kept writing, changing his focus from finance to food. He's helped publish two low-fat cookbooks 'Looneyspoons' and 'Eat, Shrink & Be Merry', both of which were national bestsellers.

Category:

News & Politics

Tags:

• David
• Chilton
• The
• Hour
• with
• george
• Stroumboulopoulos
• Economy
• Wealthy
• Barber
• Recession
• Depression
• Investments

[th3inquisitiv31]

I like the fact that this show gives a light to people I have never heard of but should of....

[bmed19]

K-dUB!

screw laurier tho...

...go UW!

[Rawnblade77]

I'm a teacher and I'm a budget freak. I killed myself laughing on David's comment.

[cheeriosinabowl]

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.

[daveyboy4eva]

WHOA brendan fraser 0:30

[kimmer33]

haha scottys dad is on the hour.

[pingheilee]

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.

[dherma]

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.

[cherry386]

Haha, that's funny, I lived at the end of Connaught and then moved near Fairview Mall, the street up from Greenfield lol

[Stormie33]

Yeah, funny he mentioned that, I lived on Greenfield Ave. growing up, a few blocks from 4th. My mom still lives near there.

[aidandoesdallas]

Brilliant interview, favourited! gotta watch this again! Great stuff!