meta_pixel
Tapesearch Logo
Log in
The Daily Motivation

When Money Can't Buy Happiness | Bill Perkins EP 555

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8893 Ratings

🗓️ 15 March 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Bill Perkins admits he misused his wealth chasing fame and girls before realizing relationships and new experiences truly fulfill him. He cautions against saving excessively for old age, since needs and abilities inevitably decline over time. Instead he recommends mapping out a “spend-down plan” to thoughtfully allocate assets toward desired activities until zero. Ultimately Bill believes maximizing enjoyment of health and wealth boils down to self-understanding.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi my name is Lewis Howes and welcome to the Daily Motivation Show.

0:07.0

There is no market investment whatsoever known to man historically that will have a bigger impact on your

0:23.8

your fulfillment in your later years and an investment in your help now.

0:25.1

You've had Peter Attia on the area of my doctor or whatever and I was talking to

0:28.8

him and he said something to me he goes, what are your goals in the last 10 years of your life?

0:33.6

What would you like to have happened?

0:35.0

So we got the time buckets, the last decade of my life.

0:38.1

I said, I would like to be able to pick up my grandchildren, a small child, and

0:41.7

I would like to be able to walk around with them and just, you know,

0:44.8

enjoy life. Like, that's what I would like. And he was like, it's not too late for you.

0:49.2

We got to get your V.O2 max up. Whenever, and I was like, late like late like I feel like I'm in pretty good cheap

0:53.7

yeah he's like listen if you want to be able to pick up a small child and these

0:58.7

activities you're describing in 20 years in your last decade of your life you need to be in your top 1% now.

1:06.5

Wow.

1:07.5

And so like if you watch all these shows about muscle mass per year, loss per year, etc. I was delusional. That was my fulfillment for the last 10 years

1:16.3

of my life. No amount of money was going to give me that. No investment was going to give me that. It was an investment in my health.

1:24.0

And so this is not a health book, but I have to emphasize that point that it's about all the variables,

1:30.0

it's about all the resources available to you and it's your health and so one of the things particularly in America for retirement planning

1:38.1

The biggest retirement planning you can do is the investments now into your health. That's number one. You know you hear these

1:45.2

anecdotes was like well this guy had a bunch of money and it ruined him and often it does if you

1:49.3

have a tool that you don't know how to handle properly you can hurt yourself with it, right?

1:54.0

What is the season of your life where you hurt yourself the most

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Lewis Howes, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Lewis Howes and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.