FINANCEMonths to result

The Three Questions Framework

Evaluate expenses for fulfillment, alignment, and change

Problem it solves

poor financial decisions

Best for

Individuals seeking to align their spending with their values and achieve financial independence

Not ideal for

Those who are not willing to regularly evaluate and adjust their spending habits

Overview

Why this framework exists

The Three Questions Framework is a tool for evaluating expenses and aligning them with one's values and purpose. It involves asking three questions of each expense category: 1) Did I receive fulfillment in proportion to the life energy spent? 2) Is this expenditure in alignment with my values and purpose? 3) How might this expenditure change if I didn't have to work for a living? By regularly asking and answering these questions, individuals can gain clarity on their spending habits and make adjustments to achieve financial independence.

Core principles

3 total
  1. Financial independence is built on financial integrity, which is achieved through alignment of vision, values, and action.
  2. Synergy occurs when all aspects of one's nature are aligned and focused in the same direction, leading to a state of functioning in which the whole is greater than the sum of its parts.
  3. Enough is a powerful and free place, where one has enough for survival, comforts, and some special luxuries, with no excess to burden them unnecessarily.

Steps

3 steps
  1. Evaluate Expenses for Fulfillment
    Ask the first question of each expense category: Did I receive fulfillment in proportion to the life energy spent?
    Pro tipBe honest with yourself about whether each expense brings you fulfillment
    WarningAvoid justifying unnecessary expenses as 'necessary' or 'deserved'
  2. Evaluate Expenses for Alignment
    Ask the second question of each expense category: Is this expenditure in alignment with my values and purpose?
    Pro tipConsider whether each expense supports your long-term goals and values
    WarningBe cautious of expenses that may be driven by external pressures or societal expectations
  3. Evaluate Expenses for Change
    Ask the third question of each expense category: How might this expenditure change if I didn't have to work for a living?
    Pro tipImagine how your spending habits might change if you had the freedom to pursue your passions without financial constraints
    WarningAvoid assuming that your current spending habits will remain the same in the absence of a traditional job

Checklist

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Examples

2 cases
Rosemary's Monthly Tabulation

Rosemary used the Three Questions Framework to evaluate her expenses and identified areas where she could make adjustments to achieve financial independence.

OutcomeRosemary was able to align her spending with her values and purpose, and made progress towards achieving financial independence.
Lou and Steve's Charitable Contributions

Lou and Steve used the Three Questions Framework to evaluate their charitable contributions and identified an opportunity to increase their giving once they achieved financial independence.

OutcomeLou and Steve were able to increase their charitable contributions and align their giving with their values and purpose.

Common mistakes

3 traps
Failing to Regularly Evaluate Expenses
Not regularly asking and answering the three questions can lead to a lack of clarity on spending habits and a failure to make adjustments to achieve financial independence.
Justifying Unnecessary Expenses
Justifying unnecessary expenses as 'necessary' or 'deserved' can prevent individuals from making changes to their spending habits and achieving financial independence.
Not Considering Long-Term Goals and Values
Failing to consider long-term goals and values when evaluating expenses can lead to a lack of alignment between spending habits and what is truly important to the individual.

Origin story

How this framework came to be

The Three Questions Framework was developed by Vicki Robin and Joe Dominguez as part of their 9-step program for achieving financial independence. The framework is based on the idea that aligning one's spending with their values and purpose is essential for achieving financial independence and living a fulfilling life.

Source

Traced to primary
Source · BOOK
Your Money Or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: R...
Vicki Robin · 2019
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