Die With Zero: Net Fulfillment Over Net Worth

#91: Hedge fund manager and author, Bill Perkins, joins Chris to talk about what it actually means to die with zero. They discuss why you should focus on net fulfillment in each stage of life, what types of experiences to prioritize, banking memory dividends, questions to ask yourself in order to make the best choices about spending your money, solving for maximum fulfillment, and so much more.

Bill Perkins (@billperkins) is a successful hedge fund manager and energy trader whose mission is to guide people to focus on living their richest lives now. His book is Die with Zero: Getting All You Can from Your Money and Your Life.

Partner Deals 

Inside Tracker: 20% off personalized wellness & nutrition plans backed by science

MasterClass: Learn from the world's best and buy one get one free

Daffy: Learn more about charitable tax savings with a special offer

Vuori: 20% off the most comfortable performance apparel I've ever worn

Selected Links From The Episode

All the Hacks is a Signal Awards finalist: Vote Now

Connect with Bill Perkins: Instagram | Website | Twitter

• Die With Zero: Getting All You Can from Your Money and Your Life
• Wealthfront Financial Utopia Number
• Calculate your biological age: Inside Tracker
• Full-body MRI Scan: Prenuvo
• Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence
• All the Hacks Newsletter
  • Hacking Healthcare: Saving Money and Pushing Back
• All the Hacks Podcast
  • #40: The Power of Regret, Motivation and Good Timing with Daniel Pink

Bill Perkins’ Saint Barthélemy Recommendations

• Beaches: Flamands Beach | Grand Cul de Sac Beach | Gouverneur Beach | Saline Beach | Shell Beach
• Hotels: Eden Rock | Le Barthélemy Hotel & Spa
• Resturants: Nikki Beach | Shellona | Tamarin St. Barth
• Gustavia Shopping

Full Show Notes

Introduction to Bill Perkins (00:00)

Who is the target audience of Bill’s book? (01:36)

Defining net fulfillment (02:43)

Common misconceptions people have about retirement and spending (03:25)

The declining utility of money (05:23)

Anti-bucket list: bucketing things vs a bucket list  (09:28)

What are you saving for? (Memory dividend) (11:59)

Remembering your bucketing experiences (18:38)

Start investing in your experiences now (20:11)

How far in advance should you bucket your experiences? (23:38)

Advice for people in their 20s and 30s on what experiences to prioritize (26:12)  

Chris’ backpacking trip (27:23)

How to avoid getting caught in the hamster wheel (28:21)

Principles of living an optimized life and the five whys (33:14)

Bill’s advice to people who are contemplating a career upgrade (35:09)

Solutions for people who are concerned about not having enough money later in life (38:55)

Attach your efforts to your goals (39:54)

Letting go of fear associated with failure (42:07)

Reframing your mindset and minimizing future regrets (44:08)

Do the bold thing  (45:48)

Determining the value of your time and fulfillment (46:55)

Should you spend more money? Less money? Figuring out the straight line to the grave of spending down your money (50:02)

Estimating how much money you need, and when you can stop saving (54:46)

Doing it now benefits you later (60:31)

The Coke/Pepsi taste testing experiment (1:00:52)

Deconstructing what you love about your job, and being mindful about habituating yourself and defaulting to autopilot mode (1:41:07)

Fire Movement (1:07:07)

Building a model spreadsheet for net fulfillment and the downside of front-loading retirement (1:12:09)

Getting past your habits and ego in exchange for more choices and opportunities (1:16:25)

Habitually reviewing and readjusting your net worth goal (1:18:52)

Solving for maximum fulfillment (1:22:20)

Experiencing fulfilling opportunities and extending quantity and quality of life by practicing healthier habits (1:27:01)

Thwarting many diseases and ailments through diagnostics (1:30:39)

Bill Perkins’ Saint Barthélemy recommendations (1:35:28)

Where to find Bill Perkins online (1:38:23)

Partners

Inside Tracker 

InsideTracker provides a personalized plan to improve your metabolism, reduce stress, improve sleep, and optimize your health for the long haul. It's created by leading scientists in aging, genetics, and biometrics. They analyze your blood, DNA, and fitness tracking data to identify where you’re optimized—and where you’re not. With InsideTracker you’ll get a daily Action Plan with personalized guidance on the right exercise, nutrition, and supplementation for your body.

For a limited time, you can get 20% off at allthehacks.com/insidetracker

Masterclass 

With MasterClass, you can learn from the world’s best minds - anytime, anywhere, and at your own pace. With over 100 classes from a range of world-class instructors like Steph Curry, Richard Branson and Martin Scorsese, that thing you’ve always wanted to do is way closer than you think. When I signed up a few years ago, I jumped straight into an amazing cooking class by Thomas Keller that has totally leveled up my skills in the kitchen. I also really enjoyed FBI Hostage Negotiator, Chris Voss' class on the art of negotiation.

With every class I've taken I'm blown away by the depth of knowledge the instructors have and the quality of the experience. I highly recommend you check it out. This holiday, give one annual membership and get one free at allthehacks.com/masterclass

Daffy

Daffy is a not-for-profit community built around a new modern way to give, and they are on a mission to help people be more generous, more often. We do all our giving through Daffy because they make it so easy to put money aside for any of the 1.5+ million nonprofits in the us. You can make a one-time contribution or you can set a little aside each week or month and all your contributions are tax deductible.

To learn more about charitable tax savings and to make all your tax-deductible donations before year-end in one place go to allthehacks.com/daffy

Vuori

Vuori is a new and fresh perspective on performance apparel. Perfect if you are sick and tired of traditional, old workout gear. Everything is designed to work out in, but doesn’t look or feel like it. The product is incredibly versatile and can be used for just about any activity like running, training, swimming, yoga; but also great for lounging or weekend errands.

To get the most comfortable and versatile clothing on the planet with 20% off your first purchase (plus free shipping on any US order over $75 and free returns) visit allthehacks.com/vuori

Connect with All the Hacks

All the Hacks: Newsletter | Website | Facebook | Email

Chris Hutchins: Twitter | Instagram | Website | LinkedIn