Modern Wisdom #642 - Bill Perkins - Why You Should Spend All Of Your Money Before You Die
972 snips
Jun 17, 2023 
Bill Perkins, a hedge fund manager, poker player, and author of "Die With Zero," discusses the philosophy of maximizing life experiences through spending. He argues that accumulating wealth can lead to regret and encourages listeners to focus on 'memory dividends' through meaningful experiences. Bill shares insights on consuming at the right time, the dangers of extreme saving, and the importance of balancing ambition with personal connections. Embracing mortality motivates us to make fulfilling choices and enjoy life to the fullest.
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Life Optimization
- Optimize life by maximizing positive experiences, not just wealth.
- View life as an optimization problem with wealth, health, and time as variables.
John's Story
- Bill shares a story about his friend's husband, John, who died of cancer.
- This emphasizes that life is finite and we should be deliberate with our time.
Fear Wasting Life
- Most people fear running out of money, but the real fear should be wasting life.
- Focus on maximizing positive life experiences using wealth, health, and time.
