Bill Perkins

Like you want to use all your resources before you die. inherent in that is that your choices, your experiences, those experiences are what make you you. Those are the things that fulfill you. And everybody's going to be different. And so... Consequently, having more of it and enjoying more of it will lead to a more fulfilling life.

So that if I'm solving for fulfillment, I don't care about the money. I care about the things I want, the experiences I want to have. If I'm trying to solve for that, one of the things you come quickly to is that you need to use all your resources up before you die. The second thing you come to with the fact that your resources, particularly money, are less valuable to you

So that if I'm solving for fulfillment, I don't care about the money. I care about the things I want, the experiences I want to have. If I'm trying to solve for that, one of the things you come quickly to is that you need to use all your resources up before you die. The second thing you come to with the fact that your resources, particularly money, are less valuable to you

When you're older, then you start to think, well, there must be a curve. Because if you're going to end at zero, is it this kind of rectangle shape that just goes down? Is it a 45 degree angle of sleep? Or is there some sort of curve? And so what I like to do to understand certain things that doesn't always work is think of zero and think of infinity.

When you're older, then you start to think, well, there must be a curve. Because if you're going to end at zero, is it this kind of rectangle shape that just goes down? Is it a 45 degree angle of sleep? Or is there some sort of curve? And so what I like to do to understand certain things that doesn't always work is think of zero and think of infinity.

All right, let's run it all the way back to one, one years old. How useful is money? Not that useful to you. Let's run it all the way forward to 96 on your deathbed. How useful is money to you? Not that useful. So clearly there's like some sort of ramp up of utility and then a decline of utility. And I became obsessed. with finding what that curve was. Because I was like, this is it.

All right, let's run it all the way back to one, one years old. How useful is money? Not that useful to you. Let's run it all the way forward to 96 on your deathbed. How useful is money to you? Not that useful. So clearly there's like some sort of ramp up of utility and then a decline of utility. And I became obsessed. with finding what that curve was. Because I was like, this is it.

If you're making more money for delayed gratification later in life, you approach infinity. You're actually wasting your time. You should be spending down your assets at a certain point. There's an inflection point where not a number, but a date where your wealth should be going down in order to get the most fulfillment.

If you're making more money for delayed gratification later in life, you approach infinity. You're actually wasting your time. You should be spending down your assets at a certain point. There's an inflection point where not a number, but a date where your wealth should be going down in order to get the most fulfillment.

No, but it is a standard problem. If you look at JP Morgan or other wealth managers, one of the biggest problems they have is the accumulation, getting people to spend down their assets. They've been saving, they got their money, they hit retirement, and it's like their net worth is going up into their 70s. When's the party? That's what I always ask. I'm like, you just tell me when the party is.

No, but it is a standard problem. If you look at JP Morgan or other wealth managers, one of the biggest problems they have is the accumulation, getting people to spend down their assets. They've been saving, they got their money, they hit retirement, and it's like their net worth is going up into their 70s. When's the party? That's what I always ask. I'm like, you just tell me when the party is.

I have conversations with older people or other people. I'm like, listen, it's okay that you're saving. What are you saving for? And when's the party? I just want to know when you're going to use up all your resources.

I have conversations with older people or other people. I'm like, listen, it's okay that you're saving. What are you saving for? And when's the party? I just want to know when you're going to use up all your resources.

No, they're not great.

No, they're not great.

It applies in different ways. So what I've come up with this book is there's three variables, your wealth, your health, and your time. And we're taking those three variables and we're solving for net fulfillment. So we're not solving for maximum wealth. We're not solving even for maximum health, maximum time. We're solving for net fulfillment. I'm saying that's your purpose.

It applies in different ways. So what I've come up with this book is there's three variables, your wealth, your health, and your time. And we're taking those three variables and we're solving for net fulfillment. So we're not solving for maximum wealth. We're not solving even for maximum health, maximum time. We're solving for net fulfillment. I'm saying that's your purpose.

If you're with me, we're solving for net fulfillment. And so one of the things we look is that the total arc of your life, given the resources you have, how do we allocate them? We definitely want to focus on the money. Everybody wants to talk about the money and the resources, but there's decisions that you make even without money.

If you're with me, we're solving for net fulfillment. And so one of the things we look is that the total arc of your life, given the resources you have, how do we allocate them? We definitely want to focus on the money. Everybody wants to talk about the money and the resources, but there's decisions that you make even without money.

Whether you go on a walk with your daughters, you play cards with your friends late at night. Do you tuck them in at night or you go hang out with the boys? And so in the book, we talk about the seasons of your life. Certain activities transfer nicely to the next season in your life from 20 to 30 to 30 to 40. And some of them. don't transfer well, they're less enjoyable.