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The Wealthy Barber says Canadians face more opportunities — for profit and peril
David Chilton’s revised guide addresses modern challenges like high housing costs and social media finance influencers while emphasizing saving 10% of income, he said.
- On Dec. 8, 2025, David Chilton, investor, businessman and former Dragons' Den star, released a fully rewritten edition of his 1989 hit The Wealthy Barber, updating advice for modern finance.
- An alphabet soup of new accounts and soaring prices prompted changes as tax-free savings accounts, registered education savings plans, first home savings accounts, and real estate reshaped Canadians' choices.
- Chilton also advises saving 10 per cent of gross salary, using index funds and TFSAs, accepting parental help, avoiding fee-heavy funds, TikTok finfluencers, and warns buyers about a $140,000 down payment on a $700,000 home.
- The update aims to help younger Canadians use side hustles and monetized hobbies to save, while Chilton argues a passive investment strategy delivers better returns.
- His original book sits on more than two million bookshelves, and David Chilton blends folksy prose with central-bank references, coining terms like cashtration and nodding to Kitchener's Central Meat Market.
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The Wealthy Barber says Canadians face more opportunities — for profit and peril
Released last month, “The Wealthy Barber” addresses questions for a new financial world, tackling topics ranging from investment vehicles to home purchases to life insurance, with simplicity as a theme throughout.
·Canada
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Coverage Details
Total News Sources10
Leaning Left4Leaning Right1Center2Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 29%
14%
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