Die With Zero: Net Fulfillment Over Net Worth with Bill Perkins

All the Hacks: Money, Points & Life

Chris Hutchins

Business, Society & Culture, Education, Self-improvement, Investing, Places & Travel

4.8 • 1.6K Ratings

🗓️ 7 December 2022

⏱️ 100 minutes

🔗️ Recording | iTunes | RSS

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Summary

#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 science MasterClass: Learn from the world's best and buy one get one free Daffy: Learn more about charitable tax savings with a special offer Vuori: 20% off the most comfortable performance apparel I've ever worn For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals Resources Mentioned All the Hacks is a Signal Awards finalist: Vote Now Connect 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 Barthélemy Connect with All the Hacks All the Hacks: Newsletter | Website | Membership | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn Editor’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

Transcript

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0:00.0	Hello, and welcome to another episode of All the Hacks, a show about upgrading your
0:05.2	life, money, and travel.
0:06.6	If you're new here, I'm your host, Chris Hutchins, and I'm a diehard optimizer who loves doing
0:10.7	all the research to help you get the best experience in life without necessarily an expensive
0:15.2	price tag.
0:16.2	Though, here's a thought experiment.
0:18.4	Imagine that one day you die and you have all this money in your account, but actually
0:22.9	you don't.
0:23.9	How does that feel?
0:24.9	You die with zero?
0:25.9	Scary?
0:26.9	Like, you did something wrong?
0:27.9	Exactly what today's guest recommends.
0:30.2	He's Bill Perkins, a longtime hedge fund manager and energy trader who's written a book called
0:34.2	die with zero, getting all you can from your money and your life.
0:38.2	I loved the book.
0:39.8	You might have a lot of objections to his concept, and I actually did before I read it, but
0:44.0	now I'm a huge convert, so we're going to dive into all of it.
0:47.4	We're going to talk about what it actually means to die with zero, why you might want
0:50.6	to stop maximizing net worth and focus on net fulfillment, why you should bank memory
0:55.0	dividends and the ways to do that for maximum ROI, why Bill thinks contrary to financial
1:00.6	advice, you should save less money when you're young, why you should think about your
	...

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