📚 "Death on Zero" - Bill Perkins detailed introduction

Hello everyone! Today, I'd like to introduce a bestseller that's sparked heated discussion in the financial and life planning world: "Die With Zero." Author Bill Perkins, an American hedge fund manager and entrepreneur, published this book in 2020. This boldly challenges conventional financial management concepts and has been hailed as a "guide to maximizing your life experience."

The core idea of ​​this book is that the ultimate goal of life is not to accumulate the most money, but to maximize the experience of life.
Bill Perkins puts forward a subversive view: instead of leaving behind a lot of wealth when you die, it is better to spend money on creating memories and experiences when you have the ability and time, and let your life end with "zero savings".

👤 About the author

Bill Perkins 💼

• American hedge fund manager, entrepreneur, and investor
• He made his fortune in energy trading, then moved into entertainment and poker.
• He frequently participates in high-stakes poker tournaments and is known as the "Poker Philosopher"
• Rather than being a financial expert, he is more like a "life designer"

👉 Editor's Take: Bill Perkins isn't just a successful figure in finance; his philosophy of life is even more surprising—he advocates that "money isn't meant to be saved, but used to live a wonderful life."

📖 Book Core Concept

💡 Maximize life experience, not wealth

• We work hard to make money, but often overlook that "the real purpose of money is to create experiences."
• Traditional financial management teaches us to save money until we are old, but many people’s physical strength and health are no longer sufficient by the time they retire.
• The focus of life should be "living well, not dying rich."

👉 Editor’s thoughts: This reminds me of the many people who work hard all their lives but never enjoy life in the end. This book is meant to avoid this kind of regret.

🎯 The philosophy of "zero deposit"

• Perkins believes that the ideal life should be one where your wealth is just used up at the end of your life .
• Leaving too much money to heirs will deprive them of the motivation to strive for self-improvement.
• Spending money on something you can experience yourself is the true way to maximize its value.

👉 Editor's comment: This viewpoint is quite subversive, but also very practical. No matter how much money you have, you can't take it with you when you die.

📌 Important points in the book

1️⃣ The golden intersection of time, money and health ⏳💰💪

• The three major resources in life: time, money, and health.
• Most people have health and time when they are young, but no money;
  In middle age, you have money and health, but no time;
  In old age, you have money and time, but no health.
• The real wisdom is to create life experience when the intersection of the three is the greatest .

👉 Editor's take: This reminds me that the idea of ​​"waiting until I retire to travel" is actually a dangerous fantasy, because I may not be physically able to do so by then.

2️⃣ Experience Dividend 🎁

• Spending money on experiences not only brings happiness in the moment, but also brings "lasting dividends of memories."
• For example, when you take a trip, you will feel happy again every time you think about it in the future.
• The returns from investing in experiences are often more lasting than material things.

👉 Editor's comment: This is so true! Who would miss the phone they bought 10 years ago? But the memories of a trip can stay with you for a lifetime.

3️⃣ Avoid the “regret curve” 😔

• The biggest regret for many people at the end of their lives is that they "did not live a good life."
• Perkins proposed the principle of "regret minimization": constantly examine yourself in life to ensure that you will not leave regrets about "wanting to do but not doing".

👉 Editor's Note: This reminds me of a saying: "People regret not the mistakes they made, but the dreams they never had."

4️⃣ Give early, not as a legacy after death 🎁

• Instead of leaving wealth after your death, it is better to provide help to your children when they need it (such as education, entrepreneurship).
• This way the money can be truly valued rather than just being a cold legacy.

👉 Editor’s thoughts: This view is very pragmatic and makes “inheritance” more heartwarming.

📚 Book Structure

1. Subvert the traditional concept of financial management : money is not for saving, but for living.
2. Time, money, and health model : Find the balance between the three.
3. Experience investing : How to spend your money on the most valuable experiences.
4. Avoid regrets : Build a practical plan for a "zero regrets life."
5. Smart Giving : How to give money to the right person at the right time.
6. Zero-deposit philosophy : design a perfect financial and life ending.

👉 Editor's take: This book is not just a financial management book, it's also a "life experience design guide."

💡 Inspiration from the book

For individuals

• Don't blindly pursue the accumulation of wealth, but pursue the accumulation of experience.
• While you are young and healthy, be brave to travel, take risks and learn.
• Money has value only when it is spent; if it is not spent, it is just a number.

For families

• Providing support to your children when they need it most is more meaningful than leaving a legacy after your death.
• Families should create memories together, not just pursue material things.

To society

• If more people understand the "zero deposit philosophy", there will be fewer cases of "having money but regretting it" in society.
• By reducing the excessive pursuit of wealth, more people will focus on happiness and health.

👉 Editor's Thoughts: This book is more about "How to Live Without Regrets" than "How to Get Rich".

🌟 Editor's summary

"Death with Zero Savings" is a subversive book about life and money:
It tells us: Money is a tool, not an end💰
It reminds us that the most important investment is experience and memories✈️
It inspires us: The ideal life is when wealth is exhausted and life also comes to an end🌍

📌 Editor's summary: After reading this book, you'll start to rethink your life. Instead of just asking "How can I save more money?", you'll ask "How can I spend my money to live a more fulfilling life?"