I know people of different types, but it doesn't affect what I believe, or what new ideas I'm curious about. I read the book "Die With Zero" when it first came out, and I've looked at quite a few discussions about it. I'm still secure in my core beliefs.I just read an MSN article about Bill Perkins' Die with Zero philosophy. Basically this philosophy is to spend money while young(er) and not oversave for retirement. The justifications: net worth increases in retirement, there's no way to save enough money for a worst-case health scenario, it's easy to decrease expenses later on. My question: are folks doing this and do y'all think a good idea?
I know people who've gone down this path - enjoying a lot of experiences along the way - and now they're in their 80's and healthy with not a whole lot of money left.
Even if the author is an ex-hedge fund guy, and poker player, I think it's still possible we can glean something from his ideas about using wealth.
By now you've read more than a hundred posts in this thread. Some have actually read the book. I think a common lesson I'm hearing is that there is something in the book for many, but not most, readers.
The book gave us additional ideas about using some of our wealth. In particular, the idea of shared experiences with close ones really took off. I took a serious look at my remaining time (and spouse, which is much longer), and decided that memorable vacations with wife, son and daughter was more important than leaving an extra bit of money in the family bank. Then there was a wedding. Should we complain about costs and keeping them down?
So, for us, the experiences have paid many times over in happiness. Am I starting a Bill Perkins cult? No, just re-purposing some of the ideas. The book is not for everyone obviously.
Statistics: Posted by Target2019 — Tue Apr 16, 2024 6:35 am — Replies 132 — Views 6364