Brian Tracy: Financial Security

Posted by admin on Wednesday, June 30, 2010

Brian Tracy money quotation on Financial Security having three legs of reserves, investing and protection of money in his wise money advice.
 

 

“Financial security and independence are like a three-legged stool resting on savings, insurance and investments” — Brian Tracy

 

 

Brian Tracy is suggesting that true financial security and independence require having savings, insurance, and investments as complementary pillars of support. His view seems to be that no one element alone can provide a solid foundation, but rather like a stool needing three stable legs, long-term economic well-being rests on having savings for unexpected needs, insurance to mitigate risks, and investments to help savings and earnings grow over time.

The quote conveys Tracy’s message that a balanced and diversified approach incorporating these three elements is necessary to achieve lasting protection and autonomy in one’s financial affairs.