A common-sense guide to living rich . . . instead of dying rich
Imagine if by the time you died, you did everything you were told to. You worked hard, saved your money, and looked forward to financial freedom when you retired.
The only thing you wasted along the way was . . . your life.
Die with Zero presents a startling new and provocative philosophy as well as practical guide on how to get the most out of your money—and out of your life. It’s intended for those who place lifelong memorable experiences far ahead of simply making and accumulating money for one’s so-called “golden years.”
In short, Bill Perkins wants to rescue you from over-saving and under-living. Regardless of your age, Die with Zero will teach you Perkins’s plan for optimizing your life, stage by stage, so you’re fully engaged and enjoying what you’ve worked and saved for.
You’ll discover how to maximize your lifetime memorable moments with “time-bucketing,” how to convert your earnings into priceless memories by following your “net worth curve,” and how to navigate decisions about whether to invest in, or delay, a meaningful adventure with your “fulfillment curve” and “personal interest rate.”
Using his own life experiences as well as the inspiring stories and cautionary tales of others—and drawing on eye-opening insights about time, money, and happiness from psychological science and behavioral finance—Perkins makes a timely, convincing, and contrarian case for living large.
Perkins, a high-stakes poker player and former Wall Street trader, debuts with a spirited but less than convincing treatise that proposes personal wealth should be used to "maximize fulfillment while minimizing waste." Early in his career, Perkins was carefully saving money when a boss challenged him to stop saving too much for too late in his life. Freely admitting that he then went too far in spending his money frivolously, Perkins shares how he learned to balance safeguarding his future annuities and long-term care insurance are promoted here while using his financial resources for what truly matters: experiences with those important to him. Suggestions include giving a monetary gift to one's children in their early 30s, rather than an inheritance later in life, or regularly donating to charities, rather than leaving a lump sum in one's will. While Perkins makes a good case for viewing money as a tool and not its own end, his credo of using it to live life to the fullest has limited applicability to those without his level of success. Few will feel comfortable taking Perkins's advice to the degree he promotes.
This book takes the traditional look at savings and retirement, and flips it on its head.