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The James Altucher Show

841 - DIE WITH ZERO! with Bill Perkins (Re-Release).

The James Altucher Show

James Altucher

Education, Business

4.62.7K Ratings

🗓️ 22 April 2022

⏱️ 74 minutes

🧾️ Download transcript

Summary

The Tax Season has just ended! What would you do with your tax refund? Or if you had a couple of side hustles that have been making a ton of money, what would you do with all of your money?In this Re-Release Episode with Bill Perkins, an American hedge fund manager, film producer, and high stakes poker player, we talked about health vs wealth, cash vs experience,  and why should you die with zero!? We also talked about his book, DIE WITH ZERO!-----------------------What the heck? Is that Dan Bilzerian in the background? Where are you? Dan said "Croatia". How did you get there? "When you're with Bill, you can get anywhere!" Bill Perkins lives life large and plans to DIE with zero. "Experiences pay dividends forever. You remember experiences. You tell stories. They can lead to other experiences. Money only pays a dividend once a year. Coming here with my family and friends will pay dividends forever." Like everything else he does. "If you die with money in the bank then you wasted all those hours you spent making that extra money instead of enjoying the things you love to do." Health, Time, and Money, is all we have and at each stage of our lives, we only have two out of the three. Use that to maximize doing what you love and dying with zero.----------------------Visit Notepd.com to read more idea lists, or sign up and create your own idea list!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotify Follow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

This isn't your average business podcast and he's not your average host.

0:06.8

This is the James Altiger Show.

0:12.8

Today on the James Altiger Show.

0:16.0

I've always wondered if you made a good amount of money.

0:20.1

Did you leave your kids all of the money, some of the money, none of the money, and it's

0:27.4

confusing because you love your kids and it's not just that also.

0:33.2

Should you die with zero as my good friend Bill Perkins, who's made a bunch of money wrote

0:38.1

a book about it, wrote a book called Die With Zero.

0:41.8

I wonder about that too because obviously you can't die with zero because what if you

0:47.2

lived one more day than how would you support yourself.

0:51.8

I get the idea of spending money down like what are you saving the money for?

0:56.0

What did you make the money for if you were never going to spend it?

0:58.7

What you could say while I was making it for my kids or making it for charity.

1:02.7

I'll tell you one story.

1:04.1

I was once friends with a very good friend with the son of a well-known famous billionaire

1:10.2

and he needed money one time.

1:14.0

He wanted to buy a stock and we were standing in his broker's office.

1:17.5

It happened to be my broker as well.

1:20.4

He had a guy in his trust allowance yet and he asked me if he could borrow some money.

1:27.5

So I said sure no problem.

1:28.8

So the broker paid for the stock he wanted to buy out of my account.

1:32.6

For the next three or four years I was always asking, hey can I have that money back?

...

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