Life is not a game of space invaders and people live their lives as if they get points for all of the money they rack up in this game that is life. Your net worth isn't on your tombstone when you die. You don't get bonus points for making more money. Lesson number two, experiences are investments just like a stock that pays out a quarterly dividend or a piece of real estateLike an Airbnb that you will rent out to short-term tenants. The very simple evidence shows that material possessions depreciate in value over time.
Episode 36: Alex Lieberman (@businessbarista) brings you a special Wednesday edition of Founder’s Journal to share lessons from Bill Perkins’ Die With Zero. It’s a playbook on how to live life by maximizing enjoyment vs. maximizing wealth. Entrepreneurs can get caught up with racking up as many dollars as they possibly can but miss out on investing in experiential moments that can pay dividends over time. Here are the biggest lessons:
- Life is not a game of space invaders
- Experiences are investments like stock
- There’s a huge cost to having money left over
- The human brain is irrational about death
- You should save less, especially when you’re young
- Die with zero doesn’t mean you don’t care about kids or charity
- The optimal time to extract enjoyment is ages 26-35
- Health is the #1 factor affecting lifetime fulfillment
- You should find more and more ways to exchange $ for free time
- There’s 2 common regrets people have on their deathbed
- Use time buckets
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