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Invest Like a Boss

149: Die With Zero - Bill Perkins

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8518 Ratings

🗓️ 11 August 2020

⏱️ 82 minutes

🧾️ Download transcript

Summary

Bill Perkins is the CEO of BrisaMax Holdings, a consulting services firm based in the US Virgin Islands. Called “The Last Cowboy” in a recent Wall Street Journal profile, after studying electrical engineering at the University of Iowa and training on Wall Street, Perkins moved to Houston to make a fortune as an energy trader. 

In this episode, Bill will share the plan for optimizing your life, stage by stage, so you’re fully engaged and enjoying what you’ve worked and saved for. You’ll discover how to maximize your lifetime memorable moments with “experience bucketing,” how to convert your earnings into priceless memories by following your “net worth curve,” and find out how to navigate whether to invest in, or delay, a meaningful adventure based on your “spend curve” and “personal interest rate.”

Where we are:

Sponsor:

Discussed:

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*Johnny and Sam use all of the above services personally.

Time Stamps:

  • 01:24 - Sam & Johnny FD’s episode introduction
  • 08:08 - How to get 50% OFF your travel expenses
  • 18:26 - “It’s about maximizing your life, fulfillment, memories that you’re going to create for yourself and retire on” - Bill Perkins
  • 19:01 - Should you pass down massive cash to your kids?
  • 30:07 - Ways to balance your lifestyle with the money in and out
  • 32:58 - Switch to a more spending and abundance mindset
  • 33:28 - “Shift the fear of running out of money to not living life” - Bill Perkins
  • 34:48 - Does the 4% rule still work?
  • 40:11 - Sailing the world with Dan Bilzerian
  • 48:41 - Investing based rapid-fire questions
  • 58:00 - Sam & Johnny FD’s episode wrap up and key takeaways

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2020. All rights reserved. Read our disclaimer here.

 

Transcript

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0:00.0

Hi, I'm Stacey Jacobson, host of the Pulse by Bernstein. Join me twice a month as we delve

0:05.9

into all the complexities that come with having and managing wealth. You'll get valuable insights on

0:11.1

investing, planning, and more through conversations with wealth advisors, economists, entrepreneurs,

0:17.3

founders, and philanthropists. Find the Pulse by Bernstein wherever you get your podcast and subscribe to ensure you never miss a beat.

0:26.8

Hey bosses, it's Derek here.

0:28.6

Just a reminder that our Invest Like a Boss quarterly episodes are now exclusive to Patreon.

0:34.6

Moving the quarterly updates to Patreon allows Sam and Johnny to be more interactive

0:38.6

with you all and provide more transparency in their portfolios. In fact, this past quarter saw

0:44.1

some of their biggest changes yet. Sam and Johnny both had new multiple five and six-figure

0:49.8

investments and sales. The guys break everything down on video, show visuals of their asset

0:54.9

allocation, discuss their new strategies and more in the new Q2 2020 update that is live

1:00.7

right now. To access the show, head over to patreon.com slash invests like a boss. That's

1:06.7

patreon.com slash invest like a boss or check out the Become a Patreon tab on invests like a boss.com.

1:15.3

Plans start as low as $5 per month and all funds raised go directly to show production costs

1:20.6

to help us book more guests and create more free episodes for all. Thank you for your support and

1:25.5

enjoy the show. Welcome to the Invest Like a Boss podcast. I'm

1:30.6

Sam Marks and I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern

1:35.0

technology to invest like a boss. Join us each week for exclusive interviews with our network

1:39.2

of modern investors, business owners and multimillionaires to discover new ways to invest our hard-earned

1:43.9

cash.

1:46.6

Hey bosses, this is Johnny and welcome to episode 149 of the InvestLakeBoss podcast.

1:52.6

I'm here with Sam Marks. Bill Perkins is coming on soon. Sam, what's up, buddy?

...

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