Monday, May 13, 2013

America's Financial Expert .. Ellie Kay (Book Review 2005)

Book Review . Personal Finance . Ellie Kay . Financial Expert . Business Coach . Host . Editor . Writer . Fiscal fitness . Debt . Retired Fighter Pilot . Finances . Money . Money Personalities . Money Styles . Debt Free

I shared this book review while being the business coach host/editor/writer for a site in 2005. I also shared a couple of reviews from this book 'The Debt Diet.'

Besides this book, there are quite a number of web sites that can provide the information that you might need to achieve your goals. Fiscal fitness work outs and goal setting worksheet.

Whether you need to lose a few pounds of debt, or a truck load the good news is in this book.

Ellie Kay is the author of 'The Debt Diet.' This book has 220 pages and I encouraged readers to read it. She also speaks to live audiences of 6,000 or more.

Ellie Kay is a speaker and bestselling author of 7 books, she has appeared on hundreds of TV & radio programs including CNN, Fox News Channel, CNBC's Power Lunch, the International Radio Show, Money Matters, and Simplify Your Life, a reality TV series for the Fine Living Network.

Before the author married her husband, Lieutenant Colonel Bob Kay, a retired F-117 Stealth fighter pilot, Elliot was a successful insurance broker who never used a coupon. The author and her husband married with $40,000 in debt, and even though her husband took a $15,000 pay cut in his new job, they were still able to become debt-free in 2 1/2 years by following the author's step-by-step method to save money and pay down debt.

There are nine different money personalities:



High Rollers


Money Masters




Safety Players

There are several key money styles that people posses:

The Saver

The Avoider

The Overspender

The User

The Balancer

The weaknesses of the saver: to enjoy themselves or make investments that could help secure their financial future. They may even have trouble using money for their health or well-being.

There are 3 basic reasons why people who "make it" in terms of monetary or material success do not find fulfillment in the wealth itself.

Emotional Satisfaction

Personal Priorities


Barbara Reinhold, a career coach at, "Perhaps it goes without saying, but you have to take strategic risks to earn and grow money."

David Bach's encourages readers to give 10% of their income away to nonprofit organizations.

Donald Trump has, the same 24 hours as we do! Why not look at donation your time to a nonprofit? Giving time does not substitute for donating money to an organization.

If you took your change and threw it into a jar, adding a few dollars here and there, you could easily invest $100 per month.

Learn to cut your food budget in half. Take whatever money you save from coupons and immediately write check in your saving account for that amount.

There's never been a better day to start saving for the future than today. Decide upon 3 action points you can take. Pick one significant way you can be generous or share this week and two more ways you can kick your up to the next level. Writing your goals down makes them more likely to happen.

Your finances didn't get chaotic overnight, and they're not going to get organized in one hour either. One way to accomplish this goal is to cover one topic per workout.

Fighting about money can cost you money.

Raising a money-savvy kid will greatly heighten his odds for having a successful marriage one day.

It's amazing how conservative a child becomes when she's not spending Mom and Dad's money, but her own.


The author's daughter took a year off midway through college to earn money for her education so that when she returned to and graduated from Columbia University, she could do so with minimal debt. She earned scholarships, was part of a work-study program, and made minimal use of student loans. Her smart move meant fewer bills when she got married.

It is extremely important to realize we don't have cookie-cutter kids, they are all different and uniquely gifted. It's not that one child is smarter or better behaved than the other, they are just operating on different time-tables.

VISITING THE SPA - The "Treat" of Shopping To Share Chapter 12

Th author's 11 year old son went to the grocery store. He was buying groceries for his sister and her new husband to help them set up the pantry in their first home.

The son total for the grocery was $28.60 before coupons, but afterward it was only $1.80.

The author's family saved over $8,000 last year on food, toiletries and cleaning products.

But life has away of turning the tables on us. It led to the opportunity for the author to conduct seminars, write books, and eventually appear on TV sharing this wonderful stories with others.

Who would have thought way back when Ellie & Bob were struggling like crazy to pay down their 40k-debt that one day, their "problem" would be turned around to help save the lives of one million strangers in a far away land.

I reviewed a copy of this book to review from Bethany Publishers while being the Business Coach Host/Editor/Writer for a site in 2005.

Ellie Kay is a bestselling, award-winning author, national radio commentator, and regular media guest as well as gifted speaker. She is a graduate of Colorado Christian University with a degree in the management of human resources.

The author is the founder of Shop, Save & Share Seminars. She is also a frequent consultant and spokesperson for corporations and organizations.