#237 ‒ Optimizing life for maximum fulfillment | Bill Perkins

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Jan 9, 2023

Bill Perkins, a successful hedge fund manager and author of 'Die With Zero,' discusses optimizing life for fulfillment over mere wealth. He argues that many people are over-saving and under-living, emphasizing the importance of memorable experiences. Bill shares insights on the balance of time, money, and health, and the idea of thinking in terms of net fulfillment rather than net worth. He encourages listeners to break free from the 'autopilot' mindset and prioritize intentional living while exploring the impact of proactive philanthropy.

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ANECDOTE

Bill's Early Career

Bill Perkins, initially a slacker, found his drive after landing a low-paying clerk job on Wall Street.
Inspired by the movie "Wall Street", he became determined to learn all about the business.

ANECDOTE

Hustling and Repaying a Debt

Bill worked two jobs, as a clerk and a limo driver, to afford living in New York City.
He later repaid his mother $40,000 for car damage he caused as a teenager, a story highlighting his changed perspective on money.

ANECDOTE

The Missed Europe Trip

Bill's roommate, Jason, took a bold trip to Europe, borrowing money despite Bill's concerns about finances and career.
Years later, Bill deeply regrets not joining, realizing the missed opportunity for unique experiences at that specific stage of life.

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Bill Perkins is one of the world’s most successful hedge fund managers and entrepreneurs, and the author of the bestseller, Die With Zero. In this episode, Bill unpacks the Die With Zero philosophy which challenges conventional thinking related to the balance between health, wealth, and time—the three variables important for fulfillment. Bill makes the case that we should strive for maximum net fulfillment rather than net worth (or even health). He argues that we need to optimize our life to have memorable experiences before it’s too late and that most people are over-saving and under-living. Bill also explains how one can apply the principles in Die With Zero to break out of “autopilot” and optimize their life to achieve maximum net fulfillment.

We discuss:

Bill’s upbringing, background, and first job on Wall Street [3:15];
A missed experience and feeling of regret that shaped Bill’s thinking [14:15];
Thinking in terms of time, and the relationship between money, time, and health [17:00];
Solving for net fulfillment and allocating your time based on the seasons of life [27:15];
How Bill thinks about risk, opportunity costs, and the difference between fear and risk tolerance [35:30];
Optimizing for fulfillment, finding purpose outside of work, and more [41:45];
Thinking about the order of experiences you want to have based on seasons of life [50:00];
Bill’s unique perspective on philanthropy and a more impactful way to give money away [54:45];
Applying the principles in ‘Die With Zero’ to maximize fulfillment [1:04:00];
How to break out of living life on autopilot [1:14:30];
When should your net worth peak? [1:18:00];
Taking calculated risks [1:21:30];
Bill shares a lesson from his incredible birthday [1:25:15];
How Bill’s philosophy has evolved since writing Die With Zero [1:34:00]; and
More.

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