EPISODE · Jun 17, 2023 · 1H 52M
Why You Should Spend All Of Your Money Before You Die - Bill Perkins - #642
from Modern Wisdom · host Chris Williamson
Bill Perkins is a hedge fund manager, high stakes poker player, film producer and an author. What if the true path to financial fulfilment doesn’t lie in saving every penny, but rather in spending it as effectively as you can? Delayed gratification in the extreme results in no gratification, and Bill's book Die With Zero is one of the best financial philosophies I've ever come across. Expect to learn how to maximise your existence for positive life experiences, why you should give your kids their inheritance when they're 30, the most common errors people make about money, why it’s so hard for some of us to spend, the brilliant concept of ‘consumption smoothing’, what Sigmamode grindset-ers are getting wrong about work-life balance, how to plan your life in terms of seasons and much more... Sponsors: Get 20% discount & free shipping on your Lawnmower 4.0 at https://manscaped.com/modernwisdom (use code MODERNWISDOM) Get 15% discount on Mud/Wtr at http://mudwtr.com/mw (use code MODERNWISDOM) Go to my sponsor https://betterhelp.com/modernwisdom for 10% off your first month of therapy with BetterHelp and get matched with a therapist who will listen and help Timestamps: (00:00) Intro (00:21) How Bill is Saving Lives (09:35) Maximise Positive Life Experiences (20:12) What Most People Misunderstand About Money (28:06) Can You Delay Gratification Too Much? (38:40) What is ‘Consumption Smoothing?’ (46:13) Is the Sigma Grind Mindset Healthy? (56:53) Bill’s Tactics for Enhancing His Life (1:05:01) How to Die with Zero (1:11:38) Making the Most of Having Children (1:15:24) How to Know if You’re Living on Autopilot (1:26:25) Knowing When You Should Stop (1:33:39) Giving Money to Kids & Charity Early (1:45:07) Advice to Risk-Averse People (1:50:14) Where to Find Bill Extra Stuff: Buy Die With Zero - https://amzn.to/3MU4q99 Follow Bill on Twitter - https://twitter.com/bp22 Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/ To support me on Patreon (thank you): https://www.patreon.com/modernwisdom - Episodes You Might Enjoy: This Is How To Master Your Life - David Goggins - #577: lnkfi.re/SN-Goggins How To Destroy Your Negative Beliefs - Dr Jordan Peterson - #712: lnkfi.re/SN-Peterson The Secret Tools To Hack Your Brain - Dr Andrew Huberman - #700: lnkfi.re/SN-Huberman Get in touch. Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/modernwisdompodcast Email: https://chriswillx.com/contact/ Learn more about your ad choices. Visit megaphone.fm/adchoices
What this episode covers
Bill Perkins is a hedge fund manager, high stakes poker player, film producer and an author. What if the true path to financial fulfilment doesn’t lie in saving every penny, but rather in spending it as effectively as you can? Delayed gratification in the extreme results in no gratification, and Bill's book Die With Zero is one of the best financial philosophies I've ever come across. Expect to learn how to maximise your existence for positive life experiences, why you should give your kids their inheritance when they're 30, the most common errors people make about money, why it’s so hard for some of us to spend, the brilliant concept of ‘consumption smoothing’, what Sigmamode grindset-ers are getting wrong about work-life balance, how to plan your life in terms of seasons and much more... Sponsors: Get 20% discount & free shipping on your Lawnmower 4.0 at https://manscaped.com/modernwisdom (use code MODERNWISDOM) Get 15% discount on Mud/Wtr at http://mudwtr.com/mw (use code MODERNWISDOM) Go to my sponsor https://betterhelp.com/modernwisdom for 10% off your first month of therapy with BetterHelp and get matched with a therapist who will listen and help Timestamps: (00:00) Intro (00:21) How Bill is Saving Lives (09:35) Maximise Positive Life Experiences (20:12) What Most People Misunderstand About Money (28:06) Can You Delay Gratification Too Much? (38:40) What is ‘Consumption Smoothing?’ (46:13) Is the Sigma Grind Mindset Healthy? (56:53) Bill’s Tactics for Enhancing His Life (1:05:01) How to Die with Zero (1:11:38) Making the Most of Having Children (1:15:24) How to Know if You’re Living on Autopilot (1:26:25) Knowing When You Should Stop (1:33:39) Giving Money to Kids & Charity Early (1:45:07) Advice to Risk-Averse People (1:50:14) Where to Find Bill Extra Stuff: Buy Die With Zero - https://amzn.to/3MU4q99 Follow Bill on Twitter - https://twitter.com/bp22 Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/ To support me on Patreon (thank you): https://www.patreon.com/modernwisdom - Episodes You Might Enjoy: This Is How To Master Your Life - David Goggins - #577: lnkfi.re/SN-Goggins How To Destroy Your Negative Beliefs - Dr Jordan Peterson - #712: lnkfi.re/SN-Peterson The Secret Tools To Hack Your Brain - Dr Andrew Huberman - #700: lnkfi.re/SN-Huberman Get in touch. Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/modernwisdompodcast Email: https://chriswillx.com/contact/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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Why You Should Spend All Of Your Money Before You Die - Bill Perkins - #642
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