How sturdy is your three-legged stool of life?

• So it's easy to get caught up with all the fun or demanding elements of daily life. (02:19)
• Our goals for happiness sit on the top of these three legs, they're cashflow, insurance protection and investment strategy. (02:49)
• If one of them is neglected or not given the full attention as the others, we put ourselves in a position of having some potential problems. (02:57)

Quote of the episode: "So build yourself a proper stool, or find a mindful carpenter out there in the form of a financial advisor to build one for you." (03:28)

Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

Welcome to the Enjoy More 30s Family Finance

podcast. The only podcast dedicated to making life more

enjoyable for young families by hitting on the financial topics

that tend to weigh on us, stress us out, and distract our focus

from simply enjoying life.

Hello, welcome you are right back here at the Enjoy

More 30s Family Finance podcast with our series, The Financial

Parables of Your Life. As you are probably very much

accustomed to, we are going through a different story or

parable or fable or one of those every week. Some you're probably

familiar with this week, maybe not. This one is a little bit

more created for you. Because just overall stories are better.

I can go on and on about standard deviation and expected

returns but a story about an animal and some guy will

probably be way easy for you to keep in your head. As always,

before I began, please share please like, leave those

reviews. I would really love if I could reach and help as many

young families out there that are probably very similar to

you.

So today please join me for our story, The Carpenter's Stool. A

young man started an apprenticeship with the famed

carpenter in town. He was filled with excitement at the prospect

of learning from a master. The carpenter was physically older

than his years, and his back was very poor so the young man was

fortunate for the opportunity to learn from him. Every day when

he came home, his father would ask him what he learned. One day

he might say carving, or joinery or finish work. Each lesson was

more marvelous than the last. "Take note", the father would

always say, "of all he has to teach you." Some time went by

and the young man completed his apprenticeship. He was now ready

to set out on his own as a carpenter himself. "You have

learned so much at the hand of the master carpenter. What great

project will you take on first?" his father asked him, young man

answered without hesitation. "A proper stool to take care of my

So it's easy to get caught up with all the fun or demanding

elements of daily life. The carving, the joinery, the finish

work to make it look beautiful. In real life, maybe soccer

practice, trips to the beach, that deadline that you know is

always coming up at work. So too often we forget to take care of

that stool that we're sitting on to do all of that. That stool,

that's our foundation. The financial stool has three legs,

just like the carpenter's would. A strong triangle base. Our

goals for happiness sit on the top of these three legs, they're

cashflow, insurance protection and investment strategy. If one

of them is neglected or not given the full attention as the

others, we put ourselves in a position of having some

potential problems. Investments may be the most fun to talk

about. I mean, budgeting and insurance against dying aren't

exactly dinner conversation points. But all are really,

really important to a healthy and stable financial situation

for your goals to be sitting on. If the investment leg is longer

than the other ones. If the other ones are falling apart.

It's not going to be a solid stool. So build yourself a

proper stool, or find a mindful carpenter out there in the form

of a financial advisor to build one for you. That way your

family and you have something to sit on and put your goals on.

Thanks for tuning in today and join us for next week's episode,

The Lion and the Mouse. I hope you enjoyed today's story.

Please remember to review, to share, to like to do all that

great stuff. And if you need any other help, don't hesitate in

reaching out. I probably have helped someone just like you.

Until next week. Thanks for joining me today and I look

forward to connecting with you again soon.

back."

The conversations on this show are

Joe's opinions and provided for general information purposes

only. They do not constitute accounting, legal, tax, or other

professional advice for your specific situation. You should

always seek appropriate advice from a financial advisor,

accountant, lawyer, or other professional before acting upon

any content or information found here first. Joe is affiliated

with New Horizons Wealth Management LLC, a branch office

of TFS Securities, Inc., and TFS Advisory Services an SEC

Registered Investment Advisor, Member FINRA/SIPC.