Bill Perkins

I actually realized, no, I don't want that. I'm pretty hardheaded. It takes a while for these things to seep in.

I actually realized, no, I don't want that. I'm pretty hardheaded. It takes a while for these things to seep in.

Yeah, I guess it took a while for it to finally percolate into some sort of action plan. I'm thinking about these things, but they're not resulting in the proper behavior changes yet. I'm still formulating it. You know, everyone says, I want to be rich before I'm 30 or I'm rich before 40. No one's out there saying, I want to be rich before I'm 86.

Yeah, I guess it took a while for it to finally percolate into some sort of action plan. I'm thinking about these things, but they're not resulting in the proper behavior changes yet. I'm still formulating it. You know, everyone says, I want to be rich before I'm 30 or I'm rich before 40. No one's out there saying, I want to be rich before I'm 86.

So intuitively in there, there's something about the utility of money that it's not as valuable to you later on in life.

So intuitively in there, there's something about the utility of money that it's not as valuable to you later on in life.

I think they also see that Warren can't sprint, dunk a basketball, go wakeboarding. There's a lot of other things too in there that enjoyment. And that's what I thought about. And I thought to myself, if for reading this book, I'm spending hours of my life to acquire these experiences. I mean, experiences in the broadest sense, whether it's going on a walk,

I think they also see that Warren can't sprint, dunk a basketball, go wakeboarding. There's a lot of other things too in there that enjoyment. And that's what I thought about. And I thought to myself, if for reading this book, I'm spending hours of my life to acquire these experiences. I mean, experiences in the broadest sense, whether it's going on a walk,

or being able to choose to go on a walk or go get a sandwich or buy a shirt or whatever. If I'm exchanging hours in my life and I don't go acquire these experiences, I pretty much wasted hours of my life. So that thought hits and it's like, okay, you don't want to leave anything on the table. In the game of life, when I die, you don't want to leave chips on the table, right?

or being able to choose to go on a walk or go get a sandwich or buy a shirt or whatever. If I'm exchanging hours in my life and I don't go acquire these experiences, I pretty much wasted hours of my life. So that thought hits and it's like, okay, you don't want to leave anything on the table. In the game of life, when I die, you don't want to leave chips on the table, right?

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.

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.