How To Get RICH And Die with ZERO REGRETS! (The Multi-Millionaire Secrets NO ONE Shares!) | Bill Perkins

13 Nov 2023 · 1 h 10 min

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The School of Greatness - Episode Summary

Episode Title

How To Get RICH And Die with ZERO REGRETS! (The Multi-Millionaire Secrets NO ONE Shares!) | Bill Perkins

Host

Lewis Howes

Guest

Bill Perkins - Finance titan, entrepreneur, and author of *Die with Zero*.

Episode Overview

In this episode, Lewis Howes chats with Bill Perkins, who shares insights on achieving wealth while enjoying a fulfilling life without regrets. The conversation emphasizes the balance between money and living life to its fullest, challenging traditional notions of saving and retirement.

Key Concepts Discussed

  1. Redefining Wealth:
  2. Money as a Tool: Perkins emphasizes that money should not be viewed as the ultimate goal; rather, it's a tool to build a fulfilling life.
  3. Three Key Resources: Wealth, health, and time are the three variables to be managed for a fulfilling life.
  1. Living Without Regrets:
  2. Finite Time vs. Infinite Money: Perkins promotes the idea that while time is limited, money can be earned indefinitely, implying that life experiences should not be postponed for old age.
  3. Experiences vs. Saving: He challenges the traditional saving norms that encourage deferring life experiences until retirement, advocating for investing in experiences now.
  1. Memory Dividends:
  2. Investing in Experiences: Perkins introduces the concept of "memory dividends," where the joy from experiences continues to provide returns long after the event has passed.
  3. Creating Lasting Memories: Experiences create stories and joy that can be revisited, enriching one’s life beyond their duration.
  1. Psychological Barriers:
  2. Fear of Running Out of Money: Perkins argues that many people focus on the fear of financial scarcity instead of the fear of wasting their life experiences.
  3. Cultural Conditioning: He discusses how societal values often dictate a scarcity mindset rather than an abundance mentality.
  1. The Importance of Timing:
  2. Experience Timing: Certain experiences are best enjoyed at specific life stages. Perkins uses personal anecdotes to illustrate how physical ability declines, impacting one's capacity to enjoy certain activities later in life.
  3. Giving Generously: He believes in giving children financial support when they're young enough to benefit the most from it, rather than waiting until after one's death.

Strategies for Financial Fulfillment

  • Calculate Survival Needs: Determine your survival number and plan spending beyond it for experiences and adventures.
  • Take Risks: Encourage calculated risks to create diverse income sources and embrace the adventure of life.
  • Be Intentional: Make deliberate choices regarding time and money to maximize fulfillment.

Lessons on Money and Legacy

  • Legacy Beyond Wealth: Perkins emphasizes that the legacy should focus more on shared experiences and relationships than merely financial inheritance.
  • Act Now for Future Fulfillment: Engage in charitable acts and personal growth while you can, rather than waiting until it’s too late.

Final Thoughts

  • Perkins encourages listeners to enjoy their lives actively and to spend their resources intentionally on experiences that bring joy and fulfillment. He believes that integrity with oneself and pursuing a life of fulfillment leads to true greatness.

Key Takeaways

  • Money is a tool for building a fulfilling life, not the goal itself.
  • Focus on creating experiences and memories rather than accumulating wealth for the sake of money.
  • Live intentionally and make decisions based on the life you want to lead, not societal expectations.
  • The timing of experiences is crucial; seize the day to create memories that last a lifetime.

Conclusion

The episode culminates in the understanding that financial decisions should align with personal fulfillment. Perkins' insights challenge conventional wisdom about money, urging listeners to live life fully and fearlessly.

For more information, check out Bill Perkins' book, *Die with Zero*, and visit [www.lewishowes.com/1529](http://www.lewishowes.com/1529).

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Transcript

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0:00The money wasn't the goal. The life was a goal. The fulfillment was the goal. I've had many journeys about what will fulfill me and what the money is for. but ultimately it's just one variable out of what I would call the three variables, your wealth, your health, and your time. Like how do I allocate those resources over my life to get the most fulfilling life? And so I think a lot of people look at money as the goal, and it's not even close to the goal. The goal is a fulfilling life. Welcome to the School of Greatness. My name is Lewis Howes, a former pro athlete turned lifestyle entrepreneur.

0:41and each week we bring you an inspiring person or message to help you discover how to unlock your inner greatness. Thanks for spending some time with me today. Now let the class begin.

0:58Welcome back everyone at the School of Greatness. Very excited about our guest. We have the inspiring Bill Perkins in the house. My man. Good to see you, brother. Great to see you. Great to see you, man. And for those that don't know you, you have done amazing things in business and financially over your life. You have, as a hedge fund manager, trading mostly natural gas, you've brought in over 2.2 billion in profits for your businesses. You've personally brought in over$600 million to you individually over the years. and you've had an incredible experience unlocking financial freedom for yourself and showing others how to do that as well.

1:42And a lot of people struggle around the idea of money. I read the idea of how do I make money? Am I deserving of more money? Is money good? Is it bad? What do I do with my money? Do I save it for a rainy day? Do I keep it all until I retire when I'm old and can't move? do I give my money to my kids? Do I give it to charity? What do people do with their money? You've had an inside look around some of the richest people in the world, some of the biggest celebrities in the world, massive personalities, and you've seen the good, the bad, and the ugly, and you've also experienced the good, the bad, and the ugly around what money can do for people.

2:22Right. And I'm curious, where did your fascination with wanting to make more money come from originally? And what do you believe was the true unlock for you from not having a certain amount of money to it becoming an abundance that started to come your way? What was that moment where you started to see it unfold and unlock in a bigger way? I think it was when I was younger when I didn't have any money and I was out trying to conquer things. And I was having lots of thoughts about what is it all for? What does it all mean? I was a screen clerk, which is basically a peon, assistant assistant peon.

3:05And when you're in Manhattan, you can't swing a dead cat without hitting a millionaire. Very rich people. But when I was younger, I was like, oh, they're old. Now, they were younger than the age I am right now. I'm 54. But when you were growing up, I was like, oh, gosh, what are they going to do with the money? buy another car and drive their kids to school like what is use of it right for me it was all about the girls and the parties and stuff like that things that a a 20 year old 21 year old a 22 year old would think but you know the more i thought about it and and books i read like your money or your life which was a very influential book for me the money wasn't the goal the life was the goal the fulfillment was the goal and so once i realized money was the tool yes money is it's like hammers and saws right like you can keep buying hammers and saws you can go to the hardware store but the hardware store the tools that you get out of there that's not the goal the goal is the house and the things you build right and so money is the tool to build your life right to give you the experiences you want with your friends or hedonistic or charitable.

4:14It doesn't matter the type of experience. It's just money is just one of those tools in your toolkit. And so once I started to think about that, that I wanted to have an adventurous life, a life with scars, a life with mistakes, a life with risks, you know, money had its place, right? In building the life that I wanted. And so I think that's when I started to unlock kind of my fearlessness, my risk taking. I'll go anywhere to try and acquire this tool to build the life I want. But really, it's about building the life I want. And, you know, trying to figure out what kind of life I want, you know, like, you know, a lot of times, I think I'm building the life I want, but it was really what was advertised to me.

4:59You know, you're young, you're impressionable. It's like, Oh, I want my life to look like a rap video, or I want my life to look like this, right. And then I do it. And I'm just like, Oh, I don't, this is not really me. This is not really fulfilling to me. And so I've had many journeys about what will fulfill me and what the money's for. But ultimately, it's just one variable out of what I would call the three variables, your wealth, your health, and your time. Like, how do I allocate those resources, right, over my life to get the most fulfilling life? And so I think a lot of people look at money as the goal and it's not even close to the goal right the goal is a fulfilling life and so is there a calculation or a formula on how to develop a fulfilling life where money is a part of that equation yeah i wouldn't say there's like a formula like do this multiply by that x y z but there are mental models right like how to think about it like what The first unlock is like, what tools, you know, I'm in this organic spacesuit, right?

6:01And I have a finite time here on Earth. What tools are at my disposal, right? Well, I got my health, right? But this spacesuit is going to decay and die, right? So that's how much time I got, my health. And there are things I can do. There's many great books, many great authors and things you can do to maintain this spacesuit as long as you can and be healthy, right? There's time and time management and mainly the time to the grave, but also the time in between seasons of your life, right? Because as you start to pick out the experiences you wanna have in your life, they kind of obviate other experiences.

6:41You know, I use very crass examples, like the time to be going out to the clubs and dancing with glow sticks is probably before you get married and have kids. Right. And so if in your life, over the totality of your life, you want to have that experience, it probably goes into a time bucket pre-marriage, right? Not after marriage in order for you to get the maximum fulfillment score. And then the spending of money, right? Like when I go to work, I try my best to attribute what am I working for, right? What is the money for? What do you think about when you're doing that then? Well, I think about one, survival and the lifestyle that I have, the things that I normally think I'm going to be doing for now until the day I die.

7:26But I think about the activities, how they will change as my life changes, right? I mean... Give me some examples in the last five years to where it'll be different five years from now. The going to the club in Quo-Sick days, they're fading. I still go. I like to be young, but they're not as like every weekend, boy, where we go? Like, what's going on, right? So those dollars are spent, you know, they're pretty much useless. Right. And I like hiking. I like traveling to different places and seeing different cultures. And so I do a lot of like physical activity while I'm there. You know, when I used to go, when I visited Paris and I was there for the summer, I used to take a leisure learning class and I'd put my books on my back and I'd walk to class about three or four miles and then walk around the city with the students, et cetera.

8:16I cannot do that enjoyably today. Why not? My back, my body's deteriorating. I can do six miles. I can do it, but it's not enjoyable, right? It's not like I can't do it. It's not as enjoyable. It's not as fulfilling to me. And so a trip to Paris, walking around eight or nine miles, my knees start hurting, a little swelling, et cetera. I don't get the same exact fulfillment that I did some time ago. We could just draw the line out. That's going to shrink and shrink and shrink, right? And so I know that trips that involve that type of activity, I need to be spending that money today, not in the future.

8:52Right. And so these are the type of things, you know, I think about like, okay, the physically demanding trips and fulfilling things now. I need to be doing those now, getting those experiences under my belt now and not be pushing them out until I'm 66, 72, 81, if I make it that far. And so I think a lot of people will look at the, you know, on autopilot or not thinking about these things. They think they're going to retire one day and then their life is going to look like a carnival commercial. And they have perfect health when they're 60. No, no. Well, I mean, even perfect health when you're 60 is a lot different than perfect health when you're 40, 50, 20, 30.

9:33And so as your health declines naturally, the activities that you can do or that you will like change. And so you don't need money for those experiences, right? In the future, you need them now, right? When I imagine if I'm anything like my parents and my ancestors, I'm going to enjoy just visiting grandkids, you know, talking about the old days, etc. And so what I'm trying to do is create what I call memory dividends. Having an experience now, not only do you get enjoyment from the experience when you do it, you get a piece of that enjoyment every time you bring it up, every time you discuss it.

10:17Like, I went on this trip and this happened and we got stopped by the security guard and we had to sleep overnight and we met this other couple and it was great. We had a good time and you tell that story And that creates another experience which also gives you joy. And so when you invest in experience, not only do you get the joy of that experience and the fulfillment of experience, but you get what I call the memory dividend every time you access that experience through your memories. Right. And much like investing in a bank or a stock that pays dividends, investing in experience pays a dividend.

10:47And so these mental models, right? Like, you know, it's a lot to remember, right? Like, oh, what do I do? Do I do an experience now? I just come with a formula, formulaic way of thinking, not a formula of like, okay, how do I think about the totality of my life? What experiences belong where? And what will be the most fulfilling for me? So if someone's in their mid twenties, early thirties, right? And they're in this kind of 10 year range, how can they start thinking about this? Maybe they've just said, you know what? I'm just hustling. I'm going after money right now or a career just to make money that I'm spending at all.

11:24I don't really have much in savings yet, but I know I should be investing. But how can they start to think about the formula for their life in terms of maximum enjoyment or fulfillment, these memory dividends, which makes a lot of sense to me, without being broke the entire time? Right. So for each person in each profession, right, like there are certain situations where people have pensions, guaranteed jobs, etc. and career progression, right, where their salary is going to be going up. And they're also going to have their own health, right? Like, like they're very healthy, not that healthy, et cetera.

11:57And what they're trying to do is thinking about, okay, what experiences in the 20 to 25 bucket or 25 to 35 or whatever, any way you want to break it up, what experiences belong now, okay, that I should be doing now and gifting the memory dividends to my future self? Interesting. Or what things am I doing now that are robbing my future self from stability, you know, and causing worry, right? And so there was a period in my life when I was in my 20s, I was seesawing, right? I was like saving too much. I was borrowing from my poor self to give to my future richer self, which did not make any sense, right?

12:36Right. And then I went from the, I'm going to party and going crazy and I'm spending every single nickel I made, right, to creating future instability for myself by not saving. And now, so for each person, their career path, their earnings potential, et cetera, that will be different. But the thing is to get off autopilot and be thinking about it. Right. And maybe you're fumbling your way through it for a year or two. That's right. okay i'm not sure what it's going to be but i'm paying attention to what i want right now in the future right like so you know people will have other experts like a financial planner you know a lot of times the financial planners are about let's maximize the money it'd be like that's not the ultimate goal the goal is to maximize fulfillment and so they will keep you safe and maybe you'll save a certain amount of money but you're the driver you're responsible for your own life and so if you want to be intentional and get the most out of your entire life and each time period, you have to think about, okay, is backpacking now through Europe, is this the period to be backpacking through now?

13:37Or is it 20, 30 years from now? Is this a trip or an experience or a charitable thing that I need to be doing now? Or is this something that I need to be doing later in my life? Just that thought process by ordering your life properly will help you have a more fulfilling life yes what 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.

14:23I 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. Like go have fun, right? But, 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, et cetera, as opposed to worrying about like, I don't want to waste this ride.

15:04And it's not like 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. Just be like, can we get rid of this period? But 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.

15:39And when I use experience, I mean choices, right? I mean it in the broadest sense. Hedonistic, charitable, whatever. And you're like, oh, the infinite bucket of experiences. I want to go hiking. I want to go 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 so 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 um when i was in um saint petersburg russia this was before the war a beautiful city and one of the things about europe is like things they allow you to do would be completely illegal in the united states it's not like it's not like safety laws or whatever so you can climb these steps walk around the churches and then walk around the balcony it's beautiful it's amazing it's it's 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 but um and there were like six or eight tour buses of senior citizens you know coming to go see the museum and and this church not a single one climbed those steps not a single one so their trip to saint petersburg was entirely different than my saint petersburg trip their experience the information they got the process that things they got to see was totally different.

17:17I'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, Yes. 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.

17:56So, you know, your brain reaches 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 uh be in better shape than i could have been at 33 right it's over it doesn't mean you can't be in still great shape no no you're still in great shape but i'm just saying my ability to do certain like listen i can get i was you're not playing college football anymore no no no no last year i was like one in like great shape i i got down to like a nine percent body fat my cardio VO2 was over but my my lazy 28 year old self will smoke myself in a race really like smoke myself right like he just doesn't need to warm up no no just go not stretching anything right like and and so and then on top of that if I race them I'm sore afterwards like my knees hurt you need to recover for a week yeah cartilage you know in the back is kind of you know all those things right he's just hopping around you know no sleep able to do whatever yeah he's just like that guy he's lucky he just doesn't know how good he has it you know and so um you know i think about these things and you know sometimes they're very small things like i was a i was at a place where my friends were going to go wakeboarding at my 50th birthday i was you know i'm generally a lazy guy i'm laying on the beach i'm like i don't want to go you guys go whatever and i thought about it i said when am i ever going to have a chance to go wakeboarding in the future we're here we're in the caribbean there's a wakeboard boat there when's the next time there's going to be a wakeboard boat maybe maybe two years from now three years from now and i thought about my back you know once your cartilage starts going it just keeps going i thought this may be the last time i'm able to go wakeboarding and enjoy it and i'm gonna switch to another physical activity so i got my lazy butt off the beach and said i'm coming i did a jump i landed a jump i was happy you know it surfed and And that was the last time I will ever go wakeboarding.

20:05Really? Because of the speed of wakeboarding. So now I wake surf, which is a lot slower speed. And I can do it later in my life. But my wakeboarding days are gone forever. Wow. And had I not done it at that time, it would have been years and years before, but I'm wakeboarding. So I got all the enjoyment, all the memory dividends of that trip, hanging out with my friends, et cetera. But that's it. The wakeboarder bill is dead. But now you have that memory dividend. Yes. That you can tell this story to me and you can think about that story for the rest of your life. Yes. And I can also use it as a teaching tool, right?

20:38So for people who are still, you know, got all their cartilage, all their cartilage and no broken bones or anything like that. Like, hey, you know, the time is coming where whatever activity is, it will be the last time for you. Yes. And you'll be moving on to other activities. Right. So I'm a wig surfer, you know, maybe golf. Maybe you're just a boater eventually. Yeah, exactly. Your book has really taken off in the last few years since it came out. It's called Die With Zero, Getting All You Can From Your Money and Your Life. And I want people to get a few copies of this because I think there's been this misconception of like, make as much money as you can and save it for as long as you can so that you can enjoy the rest of your life when you retire at 64 or 72 or whatever the retirement age is, right?

21:28This kind of concept, save, save, save, invest, which I'm a big fan of saving and investing. Yes. So that it will pay me dividends now and in the future. And so I won't stress or have worry about money. But I think people take it to extreme sometimes. Correct. And they don't enjoy their time. And they get the bucket list and the time bucketing backwards. Correct. And so why should we be thinking about die with zero? And the idea of having nothing when you die for some people seems selfish. You know, what about leaving money for my kids or for charities or, you know, am I going to leave my family with nothing?

22:12What does that say about me and my legacy? Right. So what is your thoughts around these 17 questions I just asked around how we should be thinking about money for retirement? How we should be thinking about money for leaving it behind? How we should be thinking about legacy? And how does having money in the bank when you die connect to legacy? What's your thoughts on that? So I'm going to go first, which is on everybody's mind. And one of the number one questions I get is like, what about the kids? And there's a chapter called, what about the kids? And it's about charity and kids. And so the same laws of physics that govern your body, govern your kid's body.

22:54Okay. So they're going to grow. Their brains are going to eventually mature. Trust me, parents, their brains will eventually mature. How many kids do you have? I have two. I have two. 16 and 19. Yeah. and their bodies will reach physical maturity. And then they will plateau and start to decline. So if your body is unable to convert the money into meaningful experiences as you age, right? Like your physical ability to either enjoy them or do them goes down. The same is true for your kids. So actually giving a smaller amount to your kids at an earlier age will be more impactful and more fulfilling than waiting till you kick the bucket and they're 66 or 65 or 60, right?

23:42And two thirds or more of their life has gone by, right? So what I advocate for is that be intentional. You want to give your kids fulfillment, a fulfilling life and choices. So whatever you're going to give them, you know, some people are like, I'm not giving my kids anything. They got to make it. I got to make it. They had to make it. But whatever you're going to give them, give it to them at the right time. Timing is important. And so I advocate, you know, somewhere between 25 and 33, right? Different. Some kids are very mentally mature and they can handle money when they're younger and, you know, it's going to be fine.

24:21And some are a little bit later in life, right? But at a certain point, it's their life, right? You've done your best to prepare them to navigate the world. They're their own person. If they want to light it on fire, let them light them on fire. If they want to do this, you know, and they're industrious, etc., let them do that. But it's their adventure. And so, and that money has the most impact when you give it to them then. And also your legacy, you know, people like, I'm working hard for my kids, you know, they're 60, I'm working hard for your kids. Like, well, part of the legacy and the fulfillment from your kids is spending time with you, moments for you, not you going to work you with them memories with them so in some situations in a perverse way you're going to work to make more money to give your kids when you die is actually taking away from the fulfillment wow and diminishing your legacy interesting right so we have to be really intentional and think about what are we trying to do when our kids we're giving our kids money and you know six-year-olds are not kids.

25:22You know what I mean? So I think one of the most asinine things we do or the most autopilot, not living with intention things we do is wait till we die to transfer assets to our kids. Interesting. Right. And that's the same thing with charity. Like charity is now, right? People are hurting now, dying, starving, whatever the issue is that speaks to you, it is now, right? So, you know, I give kind of examples as like, imagine the people that donated to, you know, funds for polio said, let me just go wait till I die. And then more kids have polio, right? You know, there's people, you know, and I just use that as an example.

26:06And even if it's into education, the returns on education or a human being educated right now far exceeds any market return that you can make so if you are a charitable person and you you identify capital that you're not going to use before you die now right um so how do you think about this in your own life then with terms of you know you have two teenage kids um how do you make sure that you raise kids to not rely on you for money and you're not giving them too much personally but you also want to maximize for fulfillment and memories and you know you have a so you're going on the sub question is yes do you give your kids money or not right and that there's books on this like give them there's books like don't give them anything and there's books like give them everything how do you navigate that because it's all you know you've got so an amazing lifestyle you've got properties you've got boats you have planes you got you know do you put them in the back of the plane coach and you're in first class like they take a greyhound yeah exactly like how do you do it whether psychologically set up for success, but also rich in memories and experiences with you.

27:12So by me, quote unquote, making it right, I've made my life easier and therefore their lives are easier. And they're in a bubble. Right. And as much as I try and, you know, the exposure, I try and get them outside the bubble. Yes. But the main thing I wanted to do is raise strong, independent women who are kind, who can navigate the world. The best I can hope for. Right. And And as far, you know, the way I look at it is that I have an amount that I want to give them, right? That is for them to do as they please when they're mature enough to get it. So it's not my money. It's in a trust. It's separate.

27:49Because if Bill Perkins goes out gambling in some poker game, you know what I mean? Lose it. They're not going to get my, it's not my money. You know what I mean? It's their money. So I don't have to worry about the risk to me, et cetera, they're taking care of. But they don't get to use it. It's not like a 16-year-old is running around in a Ferrari or something like that. It turns over to them, to their control, when they're between 28 and 33. I think mine is between 28 and 30. Yeah. And does it unlock every month a certain amount, or is it a lump sum? We're getting to state and trust planning, but there's a board that has for health support and maintenance.

28:26They can trust, not me. Other people can be like, okay, you're going to grad school. we'll give you a little bit of a paper or whatever, but all of it unlocks to them at 30. Got it. Okay. Because I've lived my life. So I say to my friends, like, look at me. I live my life. It's their life now. If I'm going to give it to them, if it's a real gift, it's theirs. Right. When they're able to handle it, you know, I'll give it to them. And they're like, well, what if they can't handle it? It's too late. It's not like at 40, it's going to help them anymore. And their health is declining. Right. So I'm just like, let them have the adventure they want to have with the resources that i'm willing to give them so i don't tell people hey you have to give your kids money or not i just tell them the when the when the when the when is very very important yeah and it's your responsibility i guess as a parent to educate teach train them to be kind you know thoughtful human beings exactly and hopefully they're able to make those decisions by then and that's in some way your responsibility as well to oversee that up until 30 or whenever that time is well i mean it's it's at a certain point your job is done right and the raising their own person they're adults they're not gonna listen to you anymore they're not gonna listen anymore anyway right like you're on the advisory committee yeah i'm already i think i'm already on the advisory committee hey they call you when they need money exactly and you're like my advisory committee and and you hopefully have done a good job but your job that part um of trying to control your kids okay is done yeah you mulled through advice from that point on and so a gift is a gift and and my gift is set um and it's done if i want to if i thought if i come into a windfall and hit the lottery and i feel like hey i want to give more to them i can add to it but i'm living intentionally like hey this is when my they're going to reach uh peak mental maturity mental acuity and physical maturity this is where they're going to hit plateau etc this is when it's going to have the most impact on their life right right it's going to have less impact on their life because it can't even convert it into the experiences they were later on in their life, right?

30:27And so it's their adventure, right? Their adventure to have. I don't want to control people from the grave. Yes. Right. Here are the rules that I set forth. You must do this. I'm just like, what kind of human being does that? Like tries to control another human being with money, right? I want them, like you've done your training, have the adventure you want to have right and so um that's how i think about that now the having the zero part is you know one of the 17 questions yes is is if i spend i have only the only thing i have is my life energy and that's the time i have on planet right on this planet the the minutes etc so if i spend that time going to work let's say i'm just digging holes i'm digging holes and they they give me this this thing called money it could be chucking shoes token could be anything They give you this thing called money.

31:18And then I just hold it. And then I die with it. I've essentially wasted my time digging ditches, right? I've worked for no reward, right? We can see on his face that that's asinine, right? Like, no, you don't want to go do something that you normally wouldn't do with all the other activities you can do on this planet, right? Almost infinite choices, right? We don't want to go do that for no reward, right? Right. So we're going to work for something. Right. And a lot of us are going to work. You know, some of it, we enjoy it. We enjoy what we do. We enjoy teaching people. But that reward, when we slice up the reward part, that is for us to use as a tool in our tool bucket to maximize our fulfillment.

32:06Nobody goes into the hardware. So let me get some hammers and saws and then throws them away. Right. Well, I guess there are some people buy hammers and saws, put them in the garage and never use them. Right. But that's what happens with a lot of people is they just save, save, save, save, never use it, die. Right? And so I'm trying to stop them from doing that and say, hey, let's think about how we can spend and use all your assets, your wealth, your health, and your time. We're focusing on your wealth before you die to get maximum fulfillment and the maximum ride. Yes. Right? And so one of the axioms is spend all your money down to zero as close as you can before you die.

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32:44right? So you do not waste your life working for no reward. Right. So in your twenties, you may not have a ton of excess money. So you're not, you, you might need to save a little bit in your twenties, but also experience life and have adventures, but not be broke and in survival mode constantly. Right. It's like, there's a, there's different things you're able to do, right? Like you're, you're able to go, let's go hiking with my friends. Let's go biking. There's a lot of, a lot of free things, a lot of free things, a lot of raging, a lot of, you know, super saver tickets back of the bus house parties g-pop at the concert those are some of the greatest times of my life backpacking exactly camping yeah exactly but you're also saving away for security right the the one experience we all want and you know people push back is like the experience is survival we want to be able to survive like if you're out of the game okay then there's no fulfillment right so we want to be able to survive and we need to calculate our survival number like we got to pay rent we got feeder cells we got to do these things right and we're saving for some sort of calamity where I'm unemployed for a couple weeks.

33:45But a lot of times, we're saving for, I want to go on this trip. I want to buy this house. I like this car. I want to get the girl the ring. You know what I mean? I want to take my parents on a trip or dinner, whatever it is. I like to attach the money to activities. So they're not just working for some abstract chucking cheese token that we never cash in right you've been to chuck and cheese so so so and and so it's like okay um great idea you know so i i first like to think about like okay when we're saving for retirement we're talking about things it's like what's your survival number right because we're working for survival and then everything else is choices everything else is about the brand adventure yep right and it's like okay what adventures go where in our life what timeline where do they go right and what adventures will i really be doing in my 60s 70s 80s 90s right now they're the jackal lanes or like i'm sure you remember jackal yeah yeah the juicer the juicer no no there used to be guy when i was growing up an old guy the health guy the health guy the no the jack juicer the yeah he would have like he would be like seven years old yeah yeah i'm sure he was raging in clubs and spending money on fire as older but like most of us you know will be more have more uh more relaxed life later in life sedentary lives right more relaxed lives that that aren't really high in consumption and the data shows this like if you look at the data even adjusting for health care costs because what about health care even adjusting for health care costs seniors spend less money as they age in aggregate now why is that i i have uh i get asked this question a lot and i i'm gonna speculate they can't they can't they're sitting around all day they can't spend the money they can't they can't travel they can't they don't have they don't have the energy they don't have the attitude or the ability right both right right it's pinion again I don't want to go flying.

35:48My mom was that way. We had to basically kidnap her to go to Scotland for her 80th birthday. She loved it. It was great, but it was a kidnapping. It takes a whole year to build up the energy. Let's go. She's like, I'm going to play. I got to sit. It's cramped. I don't like it. I don't feel whatever. I mean, she had the best time in Scotland. Right, right. Right. But they just don't. You get comfortable with your life. Yeah. I tell a story in the book. I was like, you know, maybe an insensitive gift or a not very thoughtful gift. Remember, I'm young and I'm on autopilot. I'd made some money and I was a broker and I was like, oh, my grandmother's birthday.

36:22I would want money. She's been giving me money since I was a kid, like a dollar for each age, right? I was like, I gave her, I was like, here you go. Here's 10 grand. You know, I gave her 10 grand for her birthday and she bought me a sweater and that was it. Oh, my daughter, a teen, well, later on, but that was it. Like, I thought she was going to call up her friends. We're going to Vegas. We're going to whatever, like with some adventure. like and i was just like i'm an idiot i was a complete idiot like i just realized like oh wow like the money was almost useless to her right you know it was it was useful as a tool to like give other me a sweater that i probably didn't need yeah you didn't need about to move to texas right it's not sweater weather right um what is the most meaningful thing that people who are or more seasoned in life want that money can't give them?

37:16Wow. Well, I would say that money, you can't give it to them. It can be a tool to enhance the experience. I think what they want is senior people want these relationships, time with their kids, family, loved ones, these adventures. You know, I used to say to people, you rarely see people go to movies alone. We love shared experience. We're wired to connect, right? And so, you know, people have different tribes, different friends, different et cetera, but they love taking their whole family on an adventure. Now, it could just be a picnic, right? And a small one. Like at all levels, you can do that.

37:54But you can make it more fun and people talking about it and having et cetera. So I think, you know, money doesn't give them that. It's their personal connections, but you can make them better. Yes. Right? You can make them more fulfilling. You can make it easier for some of your family members. like, oh, I live so far away, I can't afford to go. Oh, it's okay. I'll fly you. Right, right, right. Or I'll pay for the bus ticket. Yes. Or I'll drive and come pick you up, right? These are the things I think that money can't particularly give them, but can enhance the experience, right? When you, you know, you were talking about this kind of generational fear of our grandparents from the Great Depression to our parents to, you know, all these different fears that that were passed down generationally or conditions around money, right?

38:39Beliefs around money. Save it for a rainy day, retire with money, all these different things. Which seemed to be, make sense back then, right? When maybe it wasn't as abundant or they were in scarcity, right? Or in survival mode. So maybe that made sense for a period of time for them, but it seems like there's more money available now than ever before. There's more printed physically available than ever before. That's for sure. And there's more ways to make money than ever before. There's more side hustles, side gigs, creative endeavors that people can do to make money. What was the actual moment where you broke the generational conditioning around scarcity and unlocked it into abundance for you, where it converted into money entering your hands and your bank account?

39:27I think it's weird because I was a screen clerk. I think I was making like$16 ,000 a year, you know, and then driving a limo at night to make ends meet. And my roommate at the time was a waiter. And he was making like$77 ,000 a year. And I was thinking, I can always wait tables. But I wasn't in it for the$16 ,000, right? I was in it for a career path to really make a bunch of money. And so that's a kind of weird thing. And I was just kind of like, if I lose my ego, which I had no ego back then. I was driving a limo at night. I was like, if I lose my ego, I can always get a job. I can always get a job.

40:04I'm not going to be completely busted, right? I might be poor and I've been broke before and I'm okay with that. And I've had great times, right? Like, you know, I'm good friends. We goof off, do whatever. But it gave me kind of this freedom. Like there's this safety net of like, I will be able to find something, right? I remember one of the FCMs, I worked for this guy named Mark, and he was like, I used to be a garbage driver. If they shut this place down, I can always drive a garbage truck. You know what I mean? So, you know, if I lose my ego about, like, I'm too proud to do this job, right, then I can always go work.

40:47You know what? There's way more jobs and way more opportunities. and I don't have the fear of like moving to another place to get the job or going to another place etc you know it's painful for a lot of people um people have the fear of going into a new environment um and moving and which I think limits them to uh only local opportunities but for me I was like I'll go anywhere for the opportunity I'll go to Siberia you know you know I was one of those dumb young and vicious people that were like I put me on the moon I will trade right and so like when i got the chance i was in new york city i left didn't know anybody had a mattress and an empty room and you know i'll be there you know sir yes sir let's go right and so and if that didn't work out so what right so that adventure that i want i want the scars like i want like a life with no mistakes to me is a uninteresting life an unfulfilling life actually yeah like you haven't touched your limits you you don't know what your limits are because you never fail yeah everything's always working out and you fail it's like well you never touched your limits you never really sent this thing until you run so hard where you throw up and you're about to pass out which you know i did in college when they used to make you run you know you don't know your limits right like you don't know when you're struggling with the weights right like physically but like also emotionally like until you've said i love you first and you've gone through the break and you've done everything you can for the relationship like you just don't know like this is as much as i can give in a relationship yeah right this is as much as i can do this is as far as i can go figuring out this business i need to bring in help or partners whatever you know like all those things and so um wanting a fulfilling ride is the goal right literally the money the money is only a tool to get the fulfillment now i have fancy fulfillment things right and they do it but and i am learning how to use that tool to drive my fulfillment but i'm also learning hey from other professionals and other verticals in the health like how do i optimize my health there's time management books how do i optimize my time and then even in the wet bucket there's like how do i get the better deal to get the same experience and the same fulfillment points when i go to greece now don't do that hotel get the airbnb it'll be nicer and you actually have more fulfillment it'll be cheaper and you have more money for the trip into japan right so i'm just saying like at the macro level you know this is how these things interact and this is how you should be thinking about the arc of your life but then you can go into each vertical and sub-optimize.

43:24Yes, absolutely. And so... But what was that psychological moment for you where you realized, oh, I'm actually good at making money. Oh, wow. And not like, okay, I'm making 16 grand a year and I'm working a nice, you know, driving a limo. But actually I'm breaking through the generational conditioning that I live in scarcity to now I live in abundance or have the potential to live in abundance. How did you learn that you were worthy and deserving of more money how did you learn that you were capable of generating wealth oh wow i don't know if i learned it or i just believed it and it became really so i always tell people like i think one of my advantages was that i was delusional and so they were like what do you I can do it.

44:19And that drove my decisions. Now that didn't mean I was going to be successful. I could have easily believed I was done it and just never have done it. Right. Tried a hundred times and failed and broken. Yeah. But the fact that I had that delusion and that belief that I can do it, that you could throw me in a desert and I'd have a fighting chance. I'd figure it out. I drink my own pee. I do whatever. You know what I mean? Like, I'm just whatever it takes, whatever it takes. I'm just going to do it. Like I had this delusion that I could do it. And because of that, the drink of the pee got him. Sometimes you got to drink your pee if you're in the desert and you're dying to thirst, you know?

44:57Rehydrate. But, you know, eat the bugs, right? That delusion sent me to the course to try and to learn. And so when I was learning, it wasn't like I couldn't learn this or I couldn't learn options trading or whatever. It was like, I can do this. I can do this because I had this delusion. and so i think i think the belief is powerful it's very very how'd you get that belief most people don't believe in themselves enough to believe they're deserving and worthy of money of wealth of abundance how did you get to believe you are deserving okay so i had a very topsy-turvy relationship with my dad he came from a different generation hard-boiled right he was pre-civil rights you know dreams were squashed it was openly squashed and legally squashed right like in this and he and in i was born post-civil rights okay and so um one of the things and i don't want to turn this into a whole racial story but one of the advantages of growing up in Jersey City being black is that people in that period, people talk about you.

46:12You're accused of this. Why are you people like this? You know, you're inferior. You can't do this or whatever. And so what you develop, okay, the good side of that is you know what people think. You've been trained. You know what's true about you and your people and your relatives or whatever we're not bad people we're not criminals i'm not whatever not this i'm not inferior i'm not whatever you just learned to brush that all off right and my dad was a badass and he was like you can you know you can do whatever you we look with all the uh uh uh adversity we have to deal with and we overcome right and so that not giving a what people think and only listening to your dreams is a superpower forged in adversity right and so and so like i just you just so you know a lot of people walk around like i don't care what do you think or whatever and they're thinking this about whatever i'm just like i don't get i don't get and like like i don't care that's their problem right like and and everybody cares a little bit right yeah to the extent that people's thoughts will interfere with my priorities i care more right But in general, on the not giving a scale, I'm on the further scale because I grew up in a period where, you know, I was born in 69.

47:30Right. There's, you know, racial attitudes going on. We're just coming out of the 60s. Right. You know, being having that and then just having to deal with that prepares you, you know, for this period. Right. Like, I'm not afraid to look like a fool. You guys thought I was a fool. You know, you thought I was full at birth on skin color. You thought I was inferior at birth on skin color. You thought this about me on skin color. So you just don't give a shit. Right? And so my dad and the trainings of being a minority in a city during that time period prepared me for like, who cares? I'm already a fool.

48:10Might as well try. But some people who maybe have grown up in a lot of the similar adversities or worse or a little bit less adversities, they might take that adversity and say, well, I don't have the skills. I'm never going to be able to do this. And they stay stuck in that. They don't say, because of this adversity, I don't care. And I'm going to go for it. They say, because of this adversity, this is who I am. I think the victim story is marketed to people. And if you don't take that victim story, I think they would have the same experience as me. Really? um but i you know i don't i don't want to go too deep in it but i would just say that um it wasn't conscious right you just felt it you know you just you just had a pride right you're the underdog pride and and it came and i guess some people they might have you know i was lucky i had a a father and a mother right who you know two college educated parents my dad via scholarship and my mom later on in life.

49:13And so if anybody was designed to succeed, it was me. But there were, you know, when I was led on my own and it's time for me to do it on my own or, you know, who moves from New York City to Texas to go, you know, like the things, the decisions I made were kind of this like, it can be done. You know, when I had not that much experience, but I knew I can recruit people to build in to do this solar development project in the Nevada desert, right? And then sold it to Capital Dynamics, right? And me, my friends and myself, a good chunk of change and also putting solar on the grid. Like, it's just this belief that you can figure it out and you can do it.

49:57And so I guess that there are some people who get dealt the clouds of inferiority and it stunts them. Yes. And I would hope that somebody somewhere along the line flips it for them, you know, flips it for them and said, this is a badge of honor, man. Like you got nothing to lose, right? Right, right. You got nothing to lose. You got no whatever. Nobody expects anything from you. So when you. No pressure. No pressure. No pressure. This could be your greatest gift. This could be your greatest gift. And so for me, I think, you know, my greatest gift was like not giving and my willingness to look like a fool.

50:35yeah like i'm just winging life like everybody else really like i'm winging it right and so uh and i'm trying to figure things out and i'm i i wrote this book for me and then i figured if i if i can you know save my own life like not waste my own life uh and maybe it will be useful to other people yes right but occasionally i'm i get somehow stuck on autopilot yeah and i need to go back in book or my wife needs to remind me like hey hey hey you know let's think this through let's let's let's get off autopilot let's get off let's get off autopilot you know you're doing these things you're playing speed chess on life like how is this the most fulfilling thing for you to be doing in your life right now it's not i'm deleting okay you know things like that right there's there's more things that are deeper than that but i think that early experience and my dad gave me the confidence uh seeing him do it in much harder circumstances right much deeper clouds of inferiority uh much more hard knock like to look at that and then other people in life like i'm like you know i go places and i get inspired by people who make it you know a lot of people you know they oh well they had this help or they look for the thing that was the one piece of help but they still overcame a lot i'm like wow i'm pretty lazy like if that person could do it and look at all the advantages i have you know born in the united states of america growing economy growing population um jobs technology i just was born in such a great era like i'm like i can ride this wave i could surf this wave i can do it yeah i'm gonna surf this wave of life and and navigate it the way i want to go you know and so i just had this delusional belief and it happened to work out That's amazing.

52:25You've been around a ton of wealthy individuals. Yeah. Billionaires, mega billionaires. And you've also been around a lot of broke people who are in a ton of debt or people who've lost all their money. You've seen the both sides of the spectrum. From your perspective at this stage, what would you say are the three keys to really making more money and also being fulfilled with the money you have? Wow. Okay. So three keys to making more money. I would have to say that on the earning part, there's a lot of people who speak better to making more money, but I will speak just more in terms of psychology and belief is this belief that you can and you're entitled.

53:16and so when you think you can you read the book you read the business book you read the so-and-so you make the attempt etc i you know a lot of people will just sit in the stands don't not go up to bat yeah they won't take the chance not only will you take the swing you'll strike out you'll do it again and you do it again and you do it again i was just talking with somebody on twitter and like oh yeah and i break break up and i said isn't it great that you're bankrupt and now you can still go out and earn and take another swing lose the ego attachment let's get it get the f*** out there and let's rip it again yeah you know and so that's that's what it is in america right like there's so many people and failure stories and like steve jobs got fired then rehired you know like things like that right like like all these learnings that you get like wow you went to school there's an expensive school but you know let's go you got subject matter expertise what's the next thing what's the next dream on your plate yeah and so when you believe you can you start to take actions that actually develop your ability to do it yes and then and then so that that is one um the the the we've already been talking about it you have to you know this is saying like never tell your dreams to your parents that you want to do it because even though they love you they saw you as a teenager and you didn't take out the garbage right so they're always like oh you sure you really want to do that is this a safe job like you have such a good thing going on like you can just get a job at the post office or whatever like they are afraid for you right to go on your adventure they want to protect you and they also seen you in your clown years right not the new bad bald you right and so and then also you know as as much as your uh friends and and and and and maybe some of your peer group may love you or not a lot of people behave out of fear they don't want to look like an idiot they had a great idea they had a thing they want to do and they don't do it they tried it and it failed or they don't want to do it again they don't do it for you yeah so your success exposes their cowardice right again there your success exposes their cowardice right so when you go out and you fail they're like see I'm right not to go do that see what he did he went out and failed yeah I told him you shouldn't do that that was crazy why did he do that right so they feel comfortable in their safe life and their cowardice they didn't go live their dreams or take the risk or whatever.

55:45But if you go succeed, they're like, I'm a coward. Like I had a chance to do this. I could have done this. I could have been to work. I could have grinded for a year or two years or no reward living, eat ramen and been successful. Right? So I always say people like success, but they love a failure. Right? They love a failure because it reaffirms that they're doing the right thing and you're not cowards. And so be very, very careful about your mindset that you're getting from other people. Right? And success is not just doing the thing and making it. Success is living a fulfilled life. It is about the ride.

56:31You know? A lot of people like say, oh, it's easy for you to say. Listen, I've gone like busted twice. Like I've been fired. I've been whatever. And it's been, that has been great. That has been great. Losing your money, getting fired. Getting fired, getting humiliated. People talking behind your back. You know what I mean? Oh, he's a clown or he can't do this. Like it's part of it. It's like, I learned who my friends were and who weren't. I know who my supporters were and who weren't. I learned about myself. Like, do I care or do I not care? What things really upset me? What mistakes did I, what did I mistakes?

57:04Like, where did I get lazy? Where did I get off track on vision? you know um it's about that it was great and then you know here i am on this side of the coin but like still would have been great yeah you know i did i tried to do some huge project in central america went bust a vaporized 10 million dollars gone a lot gone like years time meetings whatever you know and and and it's gone i tried to do an importation project in california learned all about permitting in california the the interest groups etc gone the ride you know and and it wasn't it wasn't like now we have a bunch of money it was like that was a very thing it was all your money it was like oh we might have to come back on staff here you know and so i think it's like really be careful about how you speak to yourself and the people you keep around you and who you share your dreams with wow that's interesting and the third thing oh man third thing um just third thing consistency yeah take it seriously i hear a lot of people like they'll have an idea and they're about to go into the execution phase so ideas are like a dime a dozen right it it there's no market for ideas that i think paul graham says right you can't just go i'm gonna sell you this idea no you can sell the business you can sell the execution so like 90 something percent of it is the execution and they go in the execution phase and they don't take it seriously.

58:34You know, this is your dream, this is your life. You know, people take video games, simple things, you know, party things more seriously and then they'll take their dreams, right? And so if your dream is this business or this idea or like some way of making money, and it could just be like showing up for work on time, right? It doesn't have to be this like, I'm starting this entrepreneurial thing. It's just to be like, I want to be the best person being consistent and taking it seriously. Taking it very seriously. I think more money comes to you when you show the universe how consistent you are with what you care about.

59:11Use all your resources as if your life depends on it. And the funny thing is, these are the hours of your life. So your life does depend on it. This is your life. This is the time period. And some people don't take, I'll see guys come in with pitches or things. I'm like, did you do this? Did you use this resource? Did you do whatever? it's not like they couldn't have thought of it it's not like they couldn't have done it they just didn't because they didn't take it seriously enough you know so use all your resources at your disposal to drive your fulfillment if your fulfillment is this job and making money or this idea use all your resources at your disposal to make it happen and take it seriously and so i think a lot of people are or flip it with their own dreams i don't know why and i think it it comes down to the um i've done it before too i've done it in school it's one of those things where like you have this fear that you can't do well so you don't try your best you know what i mean like they like oh i'm afraid of failing so i'm just not gonna do my best and so when i when i failed but no i didn't i didn't really try that hard you know what i mean yeah i wasn't really trying to lift it you know like that much i wasn't really stretched out or whatever and so you're like you have this excuse that you didn't try hard so that's why you failed right and so it makes your ego feel good.

1:00:25And I've done that before. And I think other people do it too. I don't know if these are the three keys. I don't know what you could take out of that, but I think it's something that people can take home with and see if that applies to them. I love this. I'm so excited for people to read this. I've got a few final questions for you, but die with zero. It's a new approach to looking at your life and maximizing your wealth, your health, and your time. Getting all you can from your money and your life by Bill Perkins. Make sure you guys get a few copies of this. I think it's got over 3 ,000 five-star reviews on Amazon.

1:00:57So get a copy there, share it with your friends. I think there's going to be different insights in here that will give you a perspective on your money and your life that you haven't been thinking about. This is some of it we've covered, but there's a lot more in this book. So make sure to check it out. This is a question I ask everyone towards the end. It's called the three truths. Oh, wow. Just ask you three keys to making more money, but this is three truths. I'd like for you to go into your hypothetical future self as your last day on earth. And whether there's technological advances and you live to 200 or it's 100, it's your last day in this world.

1:01:32Your spacesuit goes into outer space for the rest of time. And you've gotten to experience your life exactly the way you want from this moment until then. you have a uh excess of memory dividends right the adventures the love right you wrote it to it till it all fell off right i wrote i wrote it well okay but for whatever reason on this last day you everything you've ever created has to go with you okay so this book this conversation any creation of content in the future no one has access to it wow but you get to leave behind three final lessons and this is your last day. From all the experiences you've had from the first memory to the last memory dividend, you get to share three final things in this all weekend.

1:02:23Why don't you ask a softball? Make it easy for you. Were you giving me a softball here? Go ahead. So anyway. I call this the three truths. Okay, got you. What would be those three truths for you on the final day? Wow. No matter what the question, love is the answer. I, in, um,

1:02:47wow, you're just on the spot here with these three truths. I always do your best. And I learned that from, um, there's a book called the four agreements. It's my number one recommended book. Um, but always do your best and, and your best is different on different days. but if you do your best you know whenever I look back and somebody says what do you regret and a lot of people say no regrets I'm like anytime I have a regret it's always related to not doing my best so if I got angry and I yelled at somebody I didn't do my best I kind of you're not going to control myself if I if I got fired or whatever I didn't do my best I got to figure that out you know I could have showed up on time or whatever right you know relationships you know that once arrives like i really didn't do my best you know and so always do your best oh my gosh the last the the final last truth i'm gonna get i'm gonna get i'm gonna get technical here on this one it's gonna be a weird it's gonna come out of nowhere it's gonna come out of nowhere life is movement life is experience life is essentially processing information and the more movement and the more information in your process, the more life you will have.

1:04:12Thus, the more fulfillment you can potentially have. So get out there and move. That's beautiful, man. I love this. Again, Die With Zero. I want you guys to get a few copies of the book. You can go to diewithzerobook.com. You can go to Amazon, all the different bookstores. you're also on Twitter BP22 I believe is your Twitter if you want that my hot crazy takes I don't recommend it but if you want to interact with me you've got a lot of cool stuff on there on Twitter Instagram as well Bill Perkins although it sounds like your social media will be deleted at some point it's just me raging enjoying life exploring the world but if people have questions for you they can go there and connect with you over on social media and message you and definitely read the book first before you have other questions So get the book, read it, dive in and have a conversation with a friend of yours about this book.

1:05:07And just this isn't to make anyone wrong or make you wrong in your life, but to just question, am I doing things to maximize my memories, my fulfillment, my health, my time, my relationships? Am I doing the things that my future self will be proud of me doing right now? And just to ask yourself, and this will give you some of those perspectives. Yeah, the book is essentially a fulfillment maximizer. That's what I'm solving for. Here's these other variables. We can optimize for those, but we're really driving net fulfillment. It's net fulfillment over net worth. Yeah, I love that, man. I want to acknowledge you, Bill, before the final question for your journey and where you're at currently.

1:05:47Because I know you've lived a pretty wild life and you've been around a lot of wild individuals. and you have, it seems to me, gotten to a place where you've found a lot of peace, harmony, and fulfillment internally. And I think that's hard for people with a lot of money, even though I think a lot of people think people with a lot of money are fulfilled and find peace. Agree with you. But not all of them are. And you've been around a lot of billionaires who have more stress than when they didn't have money sometimes, right? Maybe some of them have figured it out, but not all of them. And I'm not saying you have it all figured out, but you're on a journey of peace and harmony which is beautiful to watch so i acknowledge you for being on that journey yeah i mean it's it's work i'm doing my best i'm always trying to work on myself right i have coaches i have influences i read books and i'm here to make mistakes you know and just realize that you know you have to forgive yourself you're human absolutely yes what's your contract by the way do you remember i'm a loving forgiving uh caring man yes you are i love it man oh man you filled out my contract.

1:06:51I don't know where. Do you remember? I know loving, forgiving, caring, man. That's good, that's good, man. That's amazing. For those at the underground who know what the contract is, fours to you guys. The final question for you. Okay. What's your definition of greatness? Wow. Oh, wow, wow. I've known. This is a... You ask the softballs, don't you? So, you know, I've looked at what you have in your book and it's like your special mission, right? And your time. And I would kind of agree with that. I think it's a... Greatness is a life lived in integrity with yourself, with your values, right? When I see something great, it's like, you know, they may not have much, whatever, but it was a life lived in integrity with their values and their pursuits and their dreams.

1:07:51And so if, if when I'm being great, I'm an integrity, all my, you know, my priority is in balance. I'm not skimming. I'm doing my best. I'm in integrity. When I'm out of integrity, I'm not so great. I'm just not so great. You know what I mean? I'm just not, I'm just that guy. I'm like, Oh, breakdown. I've had a breakdown. So, and so, you know, and we see that manifest that In different people, people, they're about forgiveness. I think about Nelson Mandela living in a prison for most of his life and coming out like, how's this guy so happy and forgiving? Somebody who believes in a cause and this is a cause I fight for.

1:08:30Women who didn't get recognition in earlier times, but believed in what they were doing and diligently lived through it. they believed in the cause or whatever they were working on, whether it be physics or women's rights or whatever, you know, a life and integrity. I hope today's episode inspired you on your journey towards greatness. Make sure to check out the show notes in the description for a rundown of today's show with all the important links. And if you want weekly exclusive bonus episodes with me, as well as ad free listening experience, make sure to subscribe to our greatness plus channel on Apple podcast.

1:09:08If you enjoyed this, please share it with a friend over on social media or text a friend. Leave us a review over on Apple Podcasts and let me know what you learned over on our social media channels at Lewis Howes. I really love hearing the feedback from you and it helps us continue to make the show better. And if you want more inspiration from our world-class guests and content to learn how to improve the quality of your life, then make sure to sign up for the Greatness newsletter and get it delivered right to your inbox over at greatness.com slash newsletter. And if no one has told you today, I want to remind you that you are loved, you are worthy, and you matter.

1:09:43And now it's time to go out there and do something great.

From the publisher

Today Lewis sits down with finance titan and entrepreneur Bill Perkins, delving into the secrets of achieving financial wealth while living a life with zero regrets. Perkins, a renowned figure in the energy trading industry and the author of "Die with Zero," shares his unique insights on balancing wealth accumulation with living life to the fullest. His remarkable journey from a New York City limo driver to a multi-faceted entrepreneur and philanthropist underscores the theme of making strategic life choices for financial and personal fulfillment.

Buy his book, Die with Zero.

In this episode you will learn

  • How to balance enjoying life now while planning for a financially secure future, embracing Perkins' concept of "finite time and infinite money."
  • Strategies for making better financial decisions, drawing on Perkins' advice that "life is a series of choices."
  • The importance of not deferring life experiences for an uncertain retirement, challenging traditional saving norms.
  • Approaches to overcome common misconceptions about retirement savings that hinder financial freedom.
  • Ways to diversify income sources and embrace calculated risks for greater financial success.

For more information go to www.lewishowes.com/1529

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