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Money For the Rest of Us
Die With Zero: Why You Should Start Spending Now
Sep 6, 2023
How to balance saving, investing, and spending for a fulfilling life. Start spending your nest egg sooner. Balancing fear of making a change with fear of missing out. Making deliberate choices versus maximizing experiences. Estimating how much to spend from retirement assets. Using online calculators for retirement savings and spending.
27:07
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Quick takeaways
- Optimizing for fulfillment in life is not an engineering problem and cannot be optimized.
- Finding a balance between planned activities and allowing the journey to evolve naturally is essential for a fulfilling life.
Deep dives
Optimizing Life Energy and Fulfillment
Bill Perkins, author of 'Die with Zero', sees life as an optimization problem, aiming to maximize fulfillment while minimizing waste. He develops an app to determine the right balance between earning money and spending it on experiences. However, the speaker disagrees and believes that fulfillment cannot be optimized and is not an engineering problem. Instead, the focus should be on deliberate choices in how we allocate our time and money to make the most of our life energy.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode