Bill Perkins

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.

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.

And some of them don't transfer at all. It's impossible. One of the things when the 40-year-old who has $50,000, one of the things I would say is, what's your survival number? Have you calculated that at retirement? Are you surviving retirement or are you in serious negative dire straits?

And some of them don't transfer at all. It's impossible. One of the things when the 40-year-old who has $50,000, one of the things I would say is, what's your survival number? Have you calculated that at retirement? Are you surviving retirement or are you in serious negative dire straits?

And once we've calculated that, okay, I need to work and save this much and plus social security, I've had my survival number. Now the rest is for experiences, things I want to do and allocation of my time, how do I allocate it? Is it the cruise at 70? Or is it the ski trip right now? And that's going to be different for every single person. Or is it a shirt or whatever fulfills them?

And once we've calculated that, okay, I need to work and save this much and plus social security, I've had my survival number. Now the rest is for experiences, things I want to do and allocation of my time, how do I allocate it? Is it the cruise at 70? Or is it the ski trip right now? And that's going to be different for every single person. Or is it a shirt or whatever fulfills them?

Or to go play in this chess tournament, pay the entry fee. And for people with zero money, you still have an allocation game to play. You still have your health and your time. You can still decide, hey, I'm going to sit down and watch Friends or I'm going to go hang out at my mom's house and make a meal and spend time with them because I'm only going to see them 20 times before they're gone.

Or to go play in this chess tournament, pay the entry fee. And for people with zero money, you still have an allocation game to play. You still have your health and your time. You can still decide, hey, I'm going to sit down and watch Friends or I'm going to go hang out at my mom's house and make a meal and spend time with them because I'm only going to see them 20 times before they're gone.

So this type of thinking about allocating your resources at the proper place, getting off autopilot, holds at all wealth levels. It doesn't hold at all health levels because if you have zero health, you have zero. You're done. It's over. But it holds at all wealth levels. So that type of thinking to maximize fulfillment and knowing that you have seasons of your life, that your body decays.

So this type of thinking about allocating your resources at the proper place, getting off autopilot, holds at all wealth levels. It doesn't hold at all health levels because if you have zero health, you have zero. You're done. It's over. But it holds at all wealth levels. So that type of thinking to maximize fulfillment and knowing that you have seasons of your life, that your body decays.