Financial Independence Podcast

Bill Perkins - Memory Dividends, Time Buckets, and Maximizing Net Fulfillment

101 snips
May 2, 2024
Bill Perkins, author of Die with Zero, discusses maximizing net fulfillment over net worth, timing bucketing experiences, breaking financial autopilot, and fearing wasting life more than running out of money on a podcast about financial independence.
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INSIGHT

Net Fulfillment Maximization

  • Bill Perkins' book, "Die With Zero," focuses on maximizing net fulfillment, not just wealth.
  • It uses mental models to optimize wealth, health, and time for a fulfilling life.
INSIGHT

Retirement Spending Misconception

  • People often overestimate their retirement spending and underestimate post-retirement income.
  • Spending tends to decrease in retirement, even with healthcare costs.
ANECDOTE

Japan Trip

  • Chris Hutchins recounts a family trip to Japan where his parents' enjoyment was limited by their age.
  • This highlights the declining utility of money with age.
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