The Elephant in the Room: Sharing The Secrets For Pursuing Real Financial Success
Written by Ed Baker
Published by First Command
Review by Linda Yau
The numbers sound kinda scary, but as the introduction states, 70% of Americans live paycheck to paycheck. With the current economy, this is a book to read if there is concern for the necessity to save.
Michael Davidson is a successful business executive who questions about his financial choices, so with the assistance of his seventy year old Aunt Katherine, he and his wife will go on a journey to develop a sound mind and attitude for learning financial security. Sounds corny right? This is the purpose of The Elephant in the Room, a self-help financial book under the guise of a fiction novel.
There are nine chapters in this book. At the conclusion of each chapter, there is a small recap for the financial/life advice that is learned by the protagonist. This is a book to read if you take it with a grain of salt. There are sound tips to be reminded of, learn or remember. Such as having the right attitude, having stated goals, and an emphasis on values with discipline.
I was highly amused by the title, because it serves as a mental reminder – similar to feeling as if there was a bull in the china shop. The reminder is this: with worry and concern for paying bills, an elephant might be a consistent reminder. But as the problem may ease, upon taking the advice of this book, then the elephant may grow smaller, until it disappears.
As I mentioned earlier, this book should be taken with a grain of salt. My worries are became pronounced when I learned that the author is actually a composite of financial advisers, and also when I saw the publisher’s website. Technically this is an organization publishing this book, so there is a push for consulting and hiring financial advisers.