The Cost of Consumption Smoothing

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Most people's earning capacity is going to steadily increase and sometimes rapidly increase over the next two, three, four decades of their life. And yet there are all of these different layers that we have that protect us from getting anywhere close to enjoying the money that we are. The data is just overwhelming. They can't spend it. What about the people that say that they love working? It's okay to work. I always say like, keep working. Just make sure you don't waste your life and you utilize the fruits of your labor.

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...

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