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Bill Perkins – DIE WITH ZERO : Getting All You Can From Your Money And Your Life
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DIE WITH ZERO : Getting All You Can From Your Money And Your Life

Bill Perkins
LIKE NEW, PAPERBACK

RM24.00

A Practical & Unconventional Guide To Getting The Most Out Of Your Money And Your Life

ISBN 9780358567097
Book Condition LIKE NEW
Format PAPERBACK
Publisher Mariner Books
Publication Date 16 Aug 2021
Pages 240
Weight 0.30 kg
Dimension 20.5 × 13.5 × 2 cm
Availability: Out of stock

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★★ A WALL STREET JOURNAL BESTSELLER ★★
 
A Common-Sense Guide to Living Rich….Instead of Dying Rich
 
Die with Zero by legendary energy trader, Bill Perkins, details a thought-provoking framework for maximizing net fulfillment, over net worth. Die with Zero introduces the compelling principles he uses to think about personal finances, and more importantly, life.
 
What’s your optimum retirement strategy? Are you going to just keep working long hours in order to sock away more and more money that you’ll never get around to spending because you’re working?
 
Imagine if by the time you died, you did everything you were told to. You worked hard, saved your money, and looked forward to financial freedom when you retired. The only thing you wasted along the way was…your life. In 1957, Nobel Prize Winner, Franco Modigliani, developed the Life-cycle Hypothesis showing the most optimal way of utilizing your wealth is to end with zero.
 
The Die With Zero philosophy is once you’ve saved enough to fund your retirement and give to your family and charities, you should start focusing more on generating memorable life experiences. That’s the time to live life to its fullest, not to be pulling even longer hours in the office, or waiting until you’re too old to be able to enjoy doing things.


Perkins challenges the earn, save, and maximize your wealth model that has vastly permeated the our culture. It makes you pause and think about your health and wealth during various stages of your life and helps you define your limits, both financially and psychologically, so that you can enjoy what you’ve worked hard for.
 
Die with Zero presents a startling new and provocative philosophy as well as practical guide on how to get the most out of your money—and out of your life. It’s intended for those who place lifelong memorable experiences far ahead of simply making and accumulating money for one’s so-called Golden Years.
 
It also teaches us that wealth accumulation isn’t the only aspect of our life that we should be chasing, but rather keep an eye on meaningful experiences, our relationships, and the limited time we have on earth.

To give you an example, Perkins says – imagine you did everything you were told to, you worked hard, you saved your money, and now you look forward to your financial freedom. All this while you wasted something… your life. This is where Die with Zero offers a startling revelation for those who place making and accumulating money far ahead of generating memorable experiences, waiting for the so-called golden years to arrive.
 
The main idea that Perkins tries to get across is that once you’ve saved enough for your retirement and to support your family, it’s time to start focusing on creating memorable lifelong experiences. And he recommends doing this as early in life as possible so that you’re healthy enough to enjoy these experiences.
 
In short, Bill Perkins wants to rescue you from over-saving and under-living. Regardless of your age, Die with Zero will teach you Perkins’ plan for optimizing your life, stage by stage, so you’re fully engaged and enjoying what you’ve worked and saved for.
 
You’ll discover how to maximize your lifetime memorable moments with “experience bucketing,” how to convert your earnings into priceless memories by following your “net worth curve,” and find out how to navigate whether to invest in, or delay, a meaningful adventure based on your “spend curve” and “personal interest rate.”
 
There are nine rules to apply to live the Die With Zero philosophy:
 
1. Rule #1 — Maximize positive life experiences. Don’t wait until you retire to start doing stuff you like. Start actively having the life experiences you want to have now. Have lots of meaningful and memorable experiences.
 
2. Rule #2 — Invest in experiences early. Your life is the sum of your experiences, and when you look back you’ll remember the richness of those experiences. Plan the experiences you want to fit in and start now.
 
3. Rule #3 — Aim to die with zero. Ideally, you should aim to die with zero — having spent your money on having great personal experiences, taking care of your family, and leaving a legacy. That’s the aim.
 
4. Rule #4 — Use all available planning tools. You don’t know exactly when you will die, but there are tools available which will give you a rough idea of what your life expectancy is. Use those tools as part of your planning.
 
5. Rule #5 — Give money to kids/charity early. Give your children whatever you have allocated for them before you die. There’s no point in waiting until you’re gone. That way you can give when it has the most impact on their lives as well.
 
6. Rule #6 — Don’t live life on autopilot. There are no universal laws when it comes to personal finance and balancing competing demands. Don’t live on autopilot, be prepared to make constant, personalized changes.
 
7. Rule #7 — Plan in terms of seasons. We all die eventually, and you’ll pass through several stages or seasons before then. Make sure you plan your experiences accordingly, rather than blithely assuming you’ll go forever.
 
8. Rule #8 — Know when to stop. There is an optimal point at which you should stop working for maximum lifetime fulfillment. Figure out what that is before you blow right past it. Nobody on their death beds wishes they had spent more time at the office.
 
9. Rule #9 — Take big risks early, not later. The younger you are, the more risks you should be taking, and the bolder you should be. Identify opportunities that pose little risk and go for it. You won’t be able to do this once you get older.
 
Using his own life experiences as well as the inspiring stories and cautionary tales of others—and drawing on eye-opening insights about time, money, and happiness from psychological science and behavioral finance —Perkins makes a timely, convincing, and contrarian case for living large.
 
Die with Zero is a nice reminder that some things we desire in life are closer than we think, and we don’t need to wait an absurd amount of time to experience it. Would you agree?
 
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About the Author :
 
Called the “Last Cowboy” of hedge funds by the Wall Street Journal, Bill Perkins is considered one of the most successful energy traders in history. He’s reported to have generated more than $1 billion for his previous firm during a five-year period.
 
After studying electrical engineering at the University of Iowa, Perkins trained on Wall Street and later moved to Houston, Texas, where he made a fortune as an energy trader.
 
At the age of 51, Perkins’s professional life includes work as a hedge fund manager with more than $120 million in assets, Hollywood film producer, high-stakes tournament poker player, and the resident “Indiana Jones” for several charities. Perkins manages this via smartphone on his yacht in the U.S. Virgin Islands, while traveling the world with close friends and family.

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