Bill Perkins is a hedge fund manager, high stakes poker player, film producer and an author.What if the true path to financial fulfilment doesn’t lie in saving every penny, but rather in spending it as effectively as you can? Delayed gratification in the extreme results in no gratification, and Bill's book Die With Zero is one of the best financial philosophies I've ever come across.Expect to learn how to maximise your existence for positive life experiences, why you should give your kids their inheritance when they're 30, the most common errors people make about money, why it’s so hard for some of us to spend, the brilliant concept of ‘consumption smoothing’, what Sigmamode grindset-ers are getting wrong about work-life balance, how to plan your life in terms of seasons and much more...Sponsors:Get 20% discount & free shipping on your Lawnmower 4.0 at https://manscaped.com/modernwisdom (use code MODERNWISDOM)Get 15% discount on Mud/Wtr at http://mudwtr.com/mw (use code MODERNWISDOM)Go to my sponsor https://betterhelp.com/modernwisdom for 10% off your first month of therapy with BetterHelp and get matched with a therapist who will listen and help Extra Stuff:Buy Die With Zero - https://amzn.to/3MU4q99 Follow Bill on Twitter - https://twitter.com/bp22Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/To support me on Patreon (thank you): https://www.patreon.com/modernwisdom-Get in touch.Instagram: https://www.instagram.com/chriswillxTwitter: https://www.twitter.com/chriswillxYouTube: https://www.youtube.com/modernwisdompodcastEmail: https://chriswillx.com/contact/  Learn more about your ad choices. Visit megaphone.fm/adchoices

View the Show Notes Page for This Episode Become a Member to Receive Exclusive Content Sign Up to Receive Peter’s Weekly Newsletter 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. Connect With Peter on Twitter, Instagram, Facebook and YouTube

#91: Hedge fund manager and author, Bill Perkins, joins Chris to talk about what it actually means to die with zero. They discuss why you should focus on net fulfillment in each stage of life, what types of experiences to prioritize, banking memory dividends, questions to ask yourself in order to make the best choices about spending your money, solving for maximum fulfillment, and so much more.Bill Perkins (@billperkins) is a successful hedge fund manager and energy trader whose mission is to guide people to focus on living their richest lives now. His book is Die with Zero: Getting All You Can from Your Money and Your Life.Full show notes at: https://allthehacks.com/die-with-zero-bill-perkins Partner Deals Inside Tracker: 20% off personalized wellness & nutrition plans backed by scienceMasterClass: Learn from the world's best and buy one get one freeDaffy: Learn more about charitable tax savings with a special offerVuori: 20% off the most comfortable performance apparel I've ever wornFor all the deals, discounts and promo codes from our partners, go to: allthehacks.com/dealsResources MentionedAll the Hacks is a Signal Awards finalist: Vote NowConnect with Bill Perkins: Instagram | Website | Twitter Die With Zero: Getting All You Can from Your Money and Your Life Wealthfront Financial Utopia Number Calculate your biological age: Inside Tracker Full-body MRI Scan: Prenuvo Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence All the Hacks Newsletter Hacking Healthcare: Saving Money and Pushing Back All the Hacks Podcast #40: The Power of Regret, Motivation and Good Timing with Daniel Pink Bill Perkins’ Saint Barthélemy Recommendations Beaches: Flamands Beach | Grand Cul de Sac Beach | Gouverneur Beach | Saline Beach | Shell Beach Hotels: Eden Rock | Le Barthélemy Hotel & Spa Resturants: Nikki Beach | Shellona | Tamarin St. Barth Gustavia Shopping  Full Show Notes(00:00) Introduction to Bill Perkins(01:36) Target Audience of Bill’s Book(02:43) Defining Net Fulfillment(03:25) Common Misconceptions About Retirement and Spending(05:23) The Declining Utility of Money(09:28) Anti-Bucket List vs. Bucket List(11:59) Memory Dividend(18:38) Remembering Bucketing Experiences(20:11) Investing in Experiences Now(23:38) Ideal Timing for Experience Bucketing(26:12) Prioritizing Experiences for People in Their 20s and 30s(28:21) Avoiding the Hamster Wheel(33:14) Principles of Living an Optimized Life and the Five Whys(35:09) Career Upgrade Advice from Bill(38:55) Addressing Concerns About Future Finances(39:54) Aligning Efforts with Goals(42:07) Overcoming Fear of Failure(44:08) Reframing Mindset to Minimize Regrets(45:48) Embrace Bold Decisions(46:55) Valuing Time and Fulfillment(50:02) Navigating Spending: More or Less Money?(54:46) Estimating Savings Goals and Stopping Points(60:31) Present Actions for Future Benefits(1:00:52) The Coke/Pepsi Taste Testing Experiment(1:07:07) Exploring the FIRE Movement(1:12:09) Building a Model for Net Fulfillment(1:16:25) Overcoming Habits and Ego for Greater Opportunities(1:18:52) Regular Review and Adjustment of Net Worth Goal(1:22:20) Solving for Maximum Fulfillment(1:27:01) Extending Quality of Life Through Healthier Habits(1:30:39) Preventing Diseases Through Diagnostics(1:35:28) Bill Perkins’ Recommendations for Saint BarthélemyConnect with All the HacksAll the Hacks: Newsletter | Website | Membership | EmailChris Hutchins: Twitter | Instagram | Website | LinkedInEditor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

Author Bill Perkins discusses optimizing life, balancing immediate gratification with long-term goals, reframing wealth and success, embracing failure for growth, and passing down financial wisdom. The podcast explores intentional money management, finding fulfillment in the journey, and managing frustration and drive. Perkins challenges traditional success measures and emphasizes meaningful experiences over material wealth.

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.

Bill Perkins, finance titan and entrepreneur, shares his secrets on achieving financial wealth while living a life with zero regrets. Topics include balancing enjoying life with financial planning, making better financial decisions, and overcoming misconceptions about retirement savings. Perkins also discusses diversifying income sources and embracing calculated risks. Get ready to learn valuable insights from this legendary figure in the energy trading industry!

Bill Perkins discusses the impact of surrounding yourself with high performers on success and highlights the importance of choosing the right partners. They share insights on boosting productivity, the power of saying no, and the value of integrity in relationships. The episode also touches on the benefits of being the 'dumbest' in your friend group, leveraging your network for success, and finding the right talent.

Finance titan Bill Perkins and CEO Vivian Tu share their rags-to-riches stories, emphasizing balanced wealth accumulation and making finance accessible. Topics include avoiding debt traps, inclusive financial strategies, and personal fulfillment through strategic life choices.

Bill Perkins, a hedge fund manager and high-stakes poker player, discusses leveraging opportunities, avoiding a cookie-cutter life, and experiencing dreams before retirement. He shares insights on wealth, health, and time balance for maximum life fulfillment, emphasizing meaningful experiences over material possessions. The episode is packed with practical advice and thought-provoking concepts to inspire listeners to rethink their approach to wealth and happiness.

Bill Perkins, a legendary energy trader with a unique approach to risk, dives into the art of risk-taking in business, poker, and life. He shares insights on the emotional stakes of decision-making and the importance of balancing calculations with personal values. The conversation touches on the Kelly criterion for managing bets, the psychological barriers to embracing failure, and the thrill of art collecting at auctions. Perkins emphasizes how unrepeatable crises shape our choices and enrich our experiences.