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The Daily Motivation

Your Window to Turn Money Into Memories Is Closing | Bill Perkins

The Daily Motivation

Lewis Howes

Self-improvement, Education

4.8963 Ratings

🗓️ 12 June 2026

⏱️ 6 minutes

🧾️ Download transcript

Summary

Lewis Howes sits down with author Bill Perkins to expose the biggest psychological crime in personal finance: fearing an empty bank account more than a wasted life. Perkins reveals why your ability to convert money into meaningful experiences is already declining, and why getting the order of your life right is the only financial plan that truly matters.

Transcript

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0:00.0

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

0:11.0

What do you think is the biggest psychological crime someone can make when it comes to their money?

0:17.9

I think the biggest psychological crime is people fear of running out of money instead of

0:22.6

fear of wasting their life. And so, you know, they have this fear of embarrassment of like,

0:29.1

I'm going to run out of money and I'm going to be broke or I'm going to do X, Y, Z. Instead of

0:33.2

fear like, I am wasting my life. I have for the, we were talking about the 20 to 30 bucket. I'll just,

0:40.1

you know, this is it. This is the only period I'll be 20 to 30. There are certain activities,

0:46.5

experiences that are meant for this bucket, right? People are marketing services and products to you.

0:52.1

You know that they're there, right? Like, I don't want to do them like go have fun right but but and you only get one shot one go around

1:01.8

you know and so and they're worried about you know in the 30 40 so i think people worry about

1:07.0

embarrassment what other people think judgment about their lifestyle or them failing in the

1:13.2

future, et cetera, as opposed to worrying about, like, I don't want to waste this ride.

1:17.0

And it's not even the ride for the whole life, every single period of your life.

1:21.4

So if you're a parent with small children, not wasting that period, with teenagers,

1:27.0

I know a lot of us would like to waste that period and just be like, get into this period, but that period with teenagers. I know a lot of us would like to waste that period,

1:28.6

just be like, get married, but that period. And then, you know, eventually you don't have kids

1:34.2

in a house anymore. And that's a different period of your life. And there's different activities

1:37.5

and different opportunities that go. And I often say, life is like Tetris, right? Like,

1:47.1

if you were in heaven, let's assume this heaven and you're about to come down to earth as a human being and God's like, here's the

1:50.9

bucket of experiences. And when I use experience, I mean choices, right? I mean it in the broadest sense,

1:56.8

hedonistic, charitable, whatever. Yeah. And you're like, oh, the infinite bucket of experiences.

2:02.4

I want to go hiking.

...

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