Bill Perkins

And as time went on, I really, really regretted not joining him on that trip. When it finally came time where like, I'm going to go Europe. I'm going to have this backpacking experience. I was too bougie. I had money. I wasn't going to go stay at youth hostels. I wasn't going to capture these trains. I was going to have an experience, but a different experience.

The type of experience he had was for that time in your life. And the type of experience, even though it was wonderful, it was not as rich as his experience. because the time had passed me by. It's one of my big, big, big regrets in life.

The type of experience he had was for that time in your life. And the type of experience, even though it was wonderful, it was not as rich as his experience. because the time had passed me by. It's one of my big, big, big regrets in life.

It was slowly over time. Even when I got to the exchange, I was in this hurry to get rich. And the reason why I was in a hurry, because I had this bias, I had this belief. I was like, yeah, there's rich guys here, but they're old. What can they possibly do with the money? I'm young. I'm 21. I'm ageist. I can't imagine The use of a million dollars when you're 40, right?

It was slowly over time. Even when I got to the exchange, I was in this hurry to get rich. And the reason why I was in a hurry, because I had this bias, I had this belief. I was like, yeah, there's rich guys here, but they're old. What can they possibly do with the money? I'm young. I'm 21. I'm ageist. I can't imagine The use of a million dollars when you're 40, right?

Like, what are you gonna do, buy a nicer car to drive your kids around? It just seems like loss on them. They don't get to do fun things. Now, I was wrong about that, But I was right about the utility of money over time. And I also read this book at this time called Your Money or Your Life that kind of transformed my understanding of what money is.

Like, what are you gonna do, buy a nicer car to drive your kids around? It just seems like loss on them. They don't get to do fun things. Now, I was wrong about that, But I was right about the utility of money over time. And I also read this book at this time called Your Money or Your Life that kind of transformed my understanding of what money is.

It's a very detailed book that has these exercises that has you look at how you spend your hours from going to work, getting ready for work, the things you spend on work, and really figuring out what your true hourly wage is. After tax, this is what an hour of your time, of your life is worth.

It's a very detailed book that has these exercises that has you look at how you spend your hours from going to work, getting ready for work, the things you spend on work, and really figuring out what your true hourly wage is. After tax, this is what an hour of your time, of your life is worth.

and then it has you not think of everything in money but in time so instead of going to the movies and say it cost me ten dollars it's like that cost me one hour and 15 minutes of my time to go to this movie to buy this shirt it cost me three hours of my time and so you get this idea that i'm exchanging my life for certain things.

and then it has you not think of everything in money but in time so instead of going to the movies and say it cost me ten dollars it's like that cost me one hour and 15 minutes of my time to go to this movie to buy this shirt it cost me three hours of my time and so you get this idea that i'm exchanging my life for certain things.

The experience of buying a shirt, going to the movie, going on a trip. And that hit me hard. And where were you at this point? This is before you went to Houston? Before I went to Houston. That hit me hard. And that's what really turned me into like, I'm going to save. The two things I got out of it is I won a lot of money. And I'm going to become this very frugal person.

The experience of buying a shirt, going to the movie, going on a trip. And that hit me hard. And where were you at this point? This is before you went to Houston? Before I went to Houston. That hit me hard. And that's what really turned me into like, I'm going to save. The two things I got out of it is I won a lot of money. And I'm going to become this very frugal person.

There's this movement called FIRE, which that book is kind of like the Bible, the precursor to the FIRE movement, which is financial independence, retire early. And I was kind of like an early FIRE guy. I'm going to save my way to riches, right? I'm going to save and then retire early. And sorry, did you know what you wanted to do when you retired? I went on to another autopilot.

There's this movement called FIRE, which that book is kind of like the Bible, the precursor to the FIRE movement, which is financial independence, retire early. And I was kind of like an early FIRE guy. I'm going to save my way to riches, right? I'm going to save and then retire early. And sorry, did you know what you wanted to do when you retired? I went on to another autopilot.

I went on another version of autopilot. I read a book. I got these concepts out of it. And I was like, this is what I'm going to do. I didn't think about the big picture of everything. But certain concepts were coming to me. I exchange hours of my life for money, and then that money is used for the things I want.

I went on another version of autopilot. I read a book. I got these concepts out of it. And I was like, this is what I'm going to do. I didn't think about the big picture of everything. But certain concepts were coming to me. I exchange hours of my life for money, and then that money is used for the things I want.

Let's take the abstract of money out of it and look at what hours of my life are being exchanged for. That was a great concept to sink in very viscerally.

Let's take the abstract of money out of it and look at what hours of my life are being exchanged for. That was a great concept to sink in very viscerally.

Not in a way that you're properly analyzing it, but in more of an intuitive way. Because when you start to think about things in time, it's like, wait a minute, three hours for a shirt? versus going here, having a sandwich and hanging out with my friends or whatever it is, your values start to, you really get in touch with your values because it's not an abstract land.