The Examined Life

What are your money rules? [Adam Katz]

Jan 25, 2024

Wealth advisor Adam Katz discusses Die With Zero, using leverage, return on hassle, and the myth of 'The Number.' They explore the intersection of money, ambition, drive, entrepreneurship, and therapy, the concept of dying with zero and maximizing living wealth, the 'FU number' for quitting a high-paying job, the misconception of earning 5% interest, and the challenges of managing staff for wealthy individuals.

01:17:23

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Episode guests

Adam Katz

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Episode notes

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Quick takeaways

Individuals should aim to spend their wealth and enjoy life when they are younger, challenging the traditional belief of accumulating wealth for future generations.

There is no specific monetary 'number' for retirement, and individuals should focus on the lifestyle they want to lead and prioritize satisfaction and balance in their lives.

Being comfortable with leaving money on the table can stem from a place of scarcity and individuals should prioritize overall well-being and happiness over constantly striving for maximum optimization.

Deep dives

The concept of dying with zero

The podcast discusses the concept of dying with zero, which suggests that individuals should aim to spend their wealth and enjoy life when they are younger, rather than leaving a large inheritance. This idea challenges the traditional belief of accumulating wealth to pass it down to future generations. The podcast explores the balance between enjoying one's wealth and leaving a financial legacy.

Introduction

4min

The Intersection of Money, Ambition, Drive, Entrepreneurship, and Therapy

2min

Taking Loans, Independence, and Money Rules

2min

Dying with Zero and Maximizing Living Wealth

17min

The "FU number" and Leaving a High-Paying Job

3min

The Misconception of Earning 5% Interest

18min

Maximizing vs. Satisficing

20min

The Challenges of Managing Staff for Wealthy Individuals

3min

Liberation from Wealth Monitoring

7min

As your earnings go up, your ability to enjoy money should increase as well. And you should worry less. Yet somehow, high-earners still struggle to do both. Adam Katz is a wealth advisor at Corient. Khe and his wealth manager discuss Die With Zero, using leverage, return on hassle and the myth of “The Number.”

[Episode 33 ] Disclosure: Adam is Khe’s advisor and this podcast does not contain investment advice.

Learn more about Adam:

• Connect with Adam on LinkedIn

References from the show:

• Should you die with zero?

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