In short
Bill Perkins discusses the “psychological crime” of fearing running out of money rather than fearing wasting your life, arguing money’s best use is time-sensitive and should fund experiences in the right life stage. He frames life as Tetris: experiences are “pieces” that must be placed in the correct order or opportunities disappear. He claims your ability to convert money into meaningful experiences decays over time, with brain maturity around 28 and physical maturity around 33, after which performance plateaus/declines. Notable example: a St. Petersburg trip where senior tour groups didn’t climb 111 steps, unlike his earlier, more adventurous visit—showing timing and order change the experience.
Guests
No specific guests are named in this transcript; only Bill Perkins is referenced.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOFear of Money vs. Life Experiences
0:41 to 1:50
Explore the psychological impacts of fearing money over wasting life experiences.
“What do you think is the biggest psychological crime someone can make when it comes to their money?”
Life is Like Tetris
1:50 to 3:03
Discover how the timing of life experiences can affect fulfillment.
“So if you're a parent with small children, not wasting that period with teenagers, I know a lot of us would like to waste that period and just be like, can we get rid of spirit?”
The Decay of Experience Value
3:03 to 4:55
Understand how the ability to convert money into experiences declines over time.
“So you can have all the money in the world, right?”
The Decay of Experience Value
5:13 to 5:29
Understand how the ability to convert money into experiences declines over time.
“I have a brand new book called Make Money Easy.”
Transcript
Automatic transcript. May contain errors.0:00This Father's Day, when you ship UPS Air at the UPS Store, your items arrive on time with your money back, guaranteed at no extra cost. It's like the father of all shipping services. It shows up to the airport way too early just to play it safe. It's overprotective about all the things that truly matter. And it's always prompt, especially to be with family. Make it your first choice to celebrate your dad. Ship UPS Air with our money back guarantee. Exclusively at the UPS Store U.S. retail locations. Visit the upsstore.com slash air shipping for full details. Terms and conditions apply. Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.
0:41What do you think is the biggest psychological crime someone can make when it comes to their money? I think the biggest psychological crime is people fear running out of money instead of fear of wasting their life. and so you know they have this fear of embarrassment of like i'm gonna run out of money and i'm gonna be broke or i'm gonna do x y and z instead of fear like i am wasting my life i have for the we were talking about the 20 to 30 bucket i'll just you know this is it this is the only period i'll be 20 to 30 there are certain activities experiences that are meant for this bucket right people are marketing services and products to you you know that they're there right Like, I don't want to do them.
1:24Like, go have fun. Right? But, and you only get one shot. One go around. You know? And so, and they're worried about, you know, in the 30, 40. So, I think people worry about embarrassment, what other people think, judgment about their lifestyle or them failing in the future, etc. As opposed to worrying about, like, I don't want to waste this ride. And it's not even the ride for the whole life. Every single period of your life. So if you're a parent with small children, not wasting that period with teenagers, I know a lot of us would like to waste that period and just be like, can we get rid of spirit?
2:01But that period, and then, you know, eventually you don't have kids in the house anymore. And that's a different period of your life. And there's different activities and different opportunities that go. And I often say life is like Tetris, right? Like, 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 bucket of experiences. And when I say use experience, I mean choices, right? I mean it in the broadest sense. Hedonistic, charitable, whatever. Yeah. And you're like, oh, the infinite bucket of experiences. I want to go hiking.
2:33I want to do tennis a thousand times. I want to have sex a jillion times. I want to do all these things. You're throwing them into the experience. Like, I want to start a business. I want to go to school, blah, blah, blah. And it's full. and God goes, great, you can have all those. You just have to get the order right. So life is like Tetris. You know, you remember the game Tetris where you had to get the shapes right? Life is that way. Like if you don't have the experiences at the right time, they run to interfere with each other or your ability to doom disappears. So you can have all the money in the world, right?
3:06When I was in St. Petersburg, Russia, this was before the war, a beautiful city. And one of the things about Europe is things they allow you to do would be completely illegal in the United States. It's not like safety laws or whatever. So you can climb these steps, walk around the churches, and then walk around the balcony. Beautiful. It's amazing. It's like, wow, I can't believe we still get to do this. And it was like 115 steps. I remember it was an odd number. I think it might have been 111. And there were like six or eight tour buses of senior citizens coming to go see the museum and this church.
3:46Not a single one climbed those steps. Not a single one. So their trip to St. Petersburg was entirely different than my St. Petersburg trip. Their experience, the information they got to process, the things they got to see was totally different. I'm not saying it wasn't enjoyable. But perhaps in a city that allows you to roam around and do these things and go on cliffs and overlook type of things and you enjoy it, perhaps that trip should have been taken much earlier. Wow. And so, you know, that's an example of getting the order right. Yes. Getting the order right and making sure you're using your money at the time where you're able to use it the most effectively, right?
4:28Yes. It's getting the most out of that tool. It's getting the most out of that tool. Right, the tool of money. Your ability to convert your money into meaningful, fulfilling experiences decays over time. So, you know, your brain reaches a mental maturity around 28. Your body is physical maturity around 33. So if, by and large, if you're in the best shape of your life at 33, that is the top. Then you go into plateau and decline. I will never, ever, unless, you know, new technology, gene therapy or whatever, but be in better shape than I could have been at 33. Right. It's over.
5:13I have a brand new book called Make Money Easy. And if you're looking to create more financial freedom in your life, you want abundance in your life and you want to stop making money hard in your life. but you wanna make it easier, you wanna make it flow, you wanna feel abundant, then make sure to go to makemoneyeasybook.com right now and get yourself a copy. I really think this is gonna help you transform your relationship with money this moment moving forward. We have some big guests and content coming up. Make sure you're following and stay tuned to this episode of the Daily Motivation Show.
5:54Thank you so much for listening to today's episode of The Daily Motivation, and I hope you have an amazing rest of your day. If you enjoyed this episode, make sure to click the link in the description. That will take you to the full episode of our main podcast on The School of Greatness. And if you are loving The Daily Motivation, please follow us over on Apple Podcasts and Spotify and leave us a review over on Apple Podcasts right now. And if you want more exclusive content and ad-free listening experience, make sure to subscribe to our Greatness Plus channel on Apple Podcast right now. And if you want to get even more inspiration from our world-class guests and learn how to improve your life and take it to the next level, then make sure to sign up for the Greatness newsletter and get it delivered right to your inbox over at greatness.com slash newsletter.
6:44Again, have an amazing day, and I'll see you tomorrow with another episode of the Daily Motivation Show.
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From the publisher
Leave an Amazon Rating or Review for my New York Times Bestselling book, Make Money Easy!
Check out the full episode: https://greatness.lnk.to/1937DM
Bill Perkins asks the question most people never think to ask: what if you're afraid of the wrong thing?
Most people spend their lives terrified of running out of money. Perkins thinks that fear is the real trap. The one that costs you everything.
Your ability to enjoy life has a peak. Your brain matures around 28. Your body peaks at 33. After that, the window starts closing.
He tells the story of six tour buses of senior citizens in St. Petersburg, Russia. Beautiful church. A hundred-and-fifteen steps to a view most people never see. Not one of them climbed it.
That trip should have happened twenty years earlier.
Perkins calls it the Tetris problem. You can have all the experiences you want. You just have to get the order right.
The biggest mistake isn't spending too much. It's waiting too long.
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Topics
Bill Perkins, Die With Zero, money mindset, fear of running out of money, life experiences timing, financial psychology, time vs money, peak experiences, spending money wisely, regret minimization
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