The Wealthy Barber Returns is the second book by David Chilton that provides simple and accessible strategies for managing personal finances and investments. Below are three highlights from the book we found summarized nicely on www.moneyville.ca.

1. A small cutback in spending rate can dramatically increase saving rate.
2. People who live within their means tend to be happier for the obvious reasons, but also because they are not consumed with consumption.
3. Good savers have areas of indulgence, but know that high spending in one area requires discipline in others.

Why did we review this book about personal money management on the Ambidexter website? The answer is that the spirit behind each of these principles can also be applied to managing project spending, as shown with the bolded word changes below.

1. A small cutback in spending rate can dramatically increase saving rate for a project.
2. Project managers who spend within their budget tend to be happier for the obvious reasons, but also because they are not consumed with consumption.
3. Good project managers have areas of indulgence, but know that high spending in one area requires discipline in others.