Exploring the strategic approach to handling excess wealth in your 40s, emphasizing a balanced spend-down plan to optimize lifelong financial utility and alignment with personal goals.
Bill Perkins admits he misused his wealth chasing fame and girls before realizing relationships and new experiences truly fulfill him. He cautions against saving excessively for old age, since needs and abilities inevitably decline over time. Instead he recommends mapping out a “spend-down plan” to thoughtfully allocate assets toward desired activities until zero. Ultimately Bill believes maximizing enjoyment of health and wealth boils down to self-understanding.
LISTEN TO THE FULL EPISODE!
Sign up for the Greatness newsletter!