Welcome to Lesson 3: Secret of the Elephant video and audio lesson. The Secret of the Elephant is knowledge and with this knowledge comes power. We need to know what we earn, how we spend our money and what we owe. Unfortunately, our memories are not as good as an elephant’s, so we need to write down all our information in a budget and keep updating it.

Watch the video lesson or listen to the audio lesson below:

Secret of the Elephant Audio Clip

Human memory is a little unreliable. Proper record-keeping will help you understand your spending habits much better and how to change them to suit your income and future goals.