#642 - Bill Perkins - Why You Should Spend All Of Your Money Before You Die

Modern Wisdom

Chris Williamson

Society & Culture, Health & Fitness

4.7 • 4.6K Ratings

🗓️ 17 June 2023

⏱️ 117 minutes

🔗️ Recording | iTunes | RSS

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Summary

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) Get 10% discount on your first month from BetterHelp at https://betterhelp.com/modernwisdom (discount automatically applied) Extra Stuff: Buy Die With Zero - https://amzn.to/3MU4q99 Follow Bill on Twitter - https://twitter.com/bp22 Get 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/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/modernwisdompodcast Email: https://chriswillx.com/contact/

Transcript

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0:00.0	Hello friends, welcome back to the show.
0:03.0	My guest today is Bill Perkins.
0:04.7	He's a head fund manager, high stakes poker player, film producer, and an author.
0:09.9	What if the true path to financial fulfillment doesn't lie in saving every penny, but rather
0:14.8	in spending it as effectively as you can?
0:17.7	Delayed gratification in the extreme results in no gratification, and Bill's book, Die With
0:23.0	Zero, is one of the best financial philosophies that I've ever come across.
0:27.8	I expect to learn how to maximize your existence for positive life experiences, why you should
0:32.2	give your kids their inheritance when they're 30.
0:34.9	The most common errors people make about money, why it's so hard for some of us to spend.
0:39.8	The brilliant concept of consumption smoothing, what sigma mode grindsetters are getting
0:44.5	wrong about work-life balance, how to plan your life in terms of seasons, and much more.
0:50.5	I love this.
0:52.2	Bill's insights are phenomenal if you are somebody like me, who feels guilty when you spend
0:57.2	money, who struggles to do it.
0:59.1	Perhaps you have come from a working class background and now earn a bit more money than
1:03.6	you're used to and you have absolutely no idea what you're supposed to do with your
1:06.6	life.
1:07.6	This is the conversation for you.
1:08.8	I very much appreciate Bill's approach.
1:11.0	He's very systematized, very rigorous, very thoughtful.
1:14.5	Yeah, this can make a massive difference to your quality of life, and make you feel a lot
	...

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