Bill Perkins
speaker
1,205 appearances
2 recordings
2 series
first heard Nov 2024
last heard 5 Jun
Bill Perkins’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
I'm going to save all this money and it's going to grow to a bigger pile and I'm going to give it to a charity. But to me, it appears to be a tip on the way out. The money's got to go somewhere. It was going to go either to the IRS who redistribute the money the way they see fit, usually into wars and stuff, but- I won't go into that subject or hairs or et cetera, but it's going somewhere.
It's not yours. It's gone. So the fact that it just wound up into this educational charity, I didn't see it as charitable as much and as impactful as just giving the money earlier. Life is urgent. Life is now. And I argue that the return on investment in your charitable endeavors is greater than any return in the market you can get.
Right. It's great. John's great. And we've had a lot of conversations about this, about making sure the money actually gets distributed, gets into the purpose, helping causes. But John decided that I've been solving the problem of natural gas long enough. I have more money than I'll ever spend or need, and I really want to dedicate my neurons to solving other problems.
So he takes an analytical approach, a database-driven approach to solving some of society's ills and solving some problems and trying to get ahead of some of these intractable problems. Which is awesome. And the fact that he's doing so young, I even argue with John, like he did it too late. He's still late. You know what I mean? Because he was on autopilot too, in my opinion, trading.
What are you working for? I have this conversation with John. He's like, what's the money for? What can't you buy? And to a certain extent, the money became a detriment based on your value system, right?
If you're like, hey, and I mentioned this book, yeah, I can have Maroon 5 play in my backyard every day, et cetera, but you don't want to ruin your kids by spending the money and consuming it that way. And I'm using the Maroon 5 as an exaggerated example, but there's all kinds of consumption
that you don't want to have because you don't want your kids to have that, then the money became a negative. You really work too long for, because you're working for money that you cannot spend, you cannot consume. And you could start giving it away and having an impact on the other things you want to do now.
What they're doing is effectively giving away. They want to solve problems, database the decisions.
They're immediately jumping into the problem and let the experiments run the course and they have the time to do it. They're doing it. I can't say enough about the Laura and John Arnold Foundation, about the way they're going in and helping people and solving problems.
The same laws of physics that govern my body and the utility of money over time for me applies to my kids. Maybe they have a little bit longer lifespan or health span.
Relatives or anybody, anybody. The utility of money to them follows a curve, depending on how healthy they are, et cetera. You can just kind of draw it, right? Like you know better than I. Muscle decay rates for people in shape, not in shape, working out, et cetera. So this curve applies to them.
So a lot of people are like, oh, when I die, I'm going to give – I used to have people in my will that are like close to my age. I'm going to give money to them when I die. And I'm like, wait a minute. I'm going to give my money to a 72-year-old. Wouldn't it be better if I gave them less money now? Let them spend it and apply it because the utility of money for them is drastic.
The day before you die, I cannot pay you anything. I cannot get you to delay gratification. That's what savings is, right? You're delaying gratification. And so there is no gratification the next day. If you Take it from the day before you die, two days before you die to right now, right? There's this curve, this compensation you need for delayed gratification.
where they'll have the most utility of that money. And so when you're off autopilot and think, yeah, that's what everybody does. They write down a will and when they die, et cetera. Now the will has a purpose. If you die early, you got to distribute the money. But really before you die, if you'd live a normal life, there should be nothing left to give. You should have already given it away.
I've had that. I had a good year and there was people that I would give money to if I had a good year or I'm not going to wait until I'm dead or there are people in my will. And I just went down a list and the maximum tax-free gift you can give per year per person is $15,000. And I had, I think, a 30 to 50 person list of $15,000 to give to people. And this was me reading my own book.
A lot of people are like, why did you write the book? Well, I wrote it to save my own life. I didn't want to waste my life. I wanted to get the most net fulfillment. And after I wrote the book, mainly I talk about children. But then I thought about, that applies to everybody. If I'm going to do something nice and give something or leave something to somebody, it's now.
When you're really giving somebody money, right? You're giving them life energy. You're giving them the ability to make choices. you're giving them fulfillment. So waiting till they're 96 on the deathbed, they can't really convert that into fulfillment. You really didn't give them what you wanted to give them.
So when you look at their curve of their life, oh wow, here's the maximum insertion point. And as a matter of fact, wow, $5,000 right now at let's say 33, is like 150,086. It's actually more impactful. There's more going on in life, more choices, things going on.
The cumulative effect, the fact that when they have that experience, not only do they enjoy that experience at that point, whatever that experience is, They get dividends from that experience. They talk about with their friends. They become more interesting. They recall that and they get enjoyment out of it. It's like, oh, remember that ski trip we went on? We had a great time with the kids.
Yeah, that was great. They get fulfilled from that. So they get memory dividends associated from that experience. Whereas if you give it to a 96, they do it once, they consume it, if they can even do it, and then they die.
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