Why a 3 Legged Stool Can Create Financial Freedom

Why a 3 Legged Stool Can Create Financial Freedom

3 legged stool

This 3 legged stool represents The Law of 3. This law says that there are 3 legs to the stool of financial freedom savings, insurance and investments.

This is how you build a financial fortress around yourself over time. You can create

Savings

Many people believe this is the safest way over time to become wealthy. Most people will have a hard time saving money because as soon as they want something they usually can’t resist the urge to spend it. A new way I am looking at money and you should too is save money and only spend that money on something that will create your financial fortress.

Insurance

Get insurance for anything you can’t pay for out of your bank account at that very moment. That is the way you should look at insurance. You can even get insurance for your cell phones for a few dollars a month. The amount of money cell phones cost it’s worth it to have cell phone insurance, it’s to protect yourself for all emergencies.

Investments

investmentYour financial goal should be when your investments are producing more money than you make working your job. Your financial strategy should be to save and invest throughout your lifetime. Imagine how awesome it will be when your investments are paying you more money than your job.

Financial Freedom Laws

I was inspired to write about The Law of 3 when I listened to The 21 Absolute Unbreakable Laws of Money. I highly recommend listening to this audio. Below I listed some other laws I have written to help you with your mindset about money.

Rich Thinking Tip 1 – The Law of Cause and Effect

Rich Thinking Tip 2 – The Law of Belief

Rich Thinking Tip 3 – The Law of Expectation

Rich Thinking Tip 4 – The Law of Attraction

Was This Helpful?

Are you someone that is using the 3 legged stool of financial freedom? Did this help open your eyes to what is possible with this easy to follow money tip? Let me know if this is something you are implementing now are going to start? Comment below and share your thoughts.

Tom Doherty

Tom Doherty

“Your income grows as you grow personally and professionally.”

Skype: tom–doherty
Phone: 631-241-9623 (text or call)
Email: tom@tom-doherty.com

PS. The Laws of Money Work Even Better when You Have a Financial Vehicle. If You Have One Already Don’t Click Here!

Leave a Reply