How to stop living like a robot that just saves money
Energy trader and Die with Zero author Bill Perkins joins Sam Parr and Shaan Puri. He argues that money only matters for the experiences it buys, and that when you have those experiences matters as much as the money.
The gist
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Perkins credits Your Money or Your Life with framing money as hours of life traded away, and says net worth should peak by age, not number.
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His time buckets idea maps experiences to 3 to 5 year life stages; Parr's $1,800 six-week motorcycle trip using Couchsurfing fit his early twenties.
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Perkins says ego and fear of losing status, not money, stop people taking risks; Puri suggests rewriting one painful story with 100% ownership.
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Perkins admits slipping from 8% to 16-18% body fat and says on this path he can't do 80% of his planned last-decade activities.
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He urges giving inheritances while alive, and explains paying $15 million at Sotheby's for Barnes's Sugar Shack, well above his planned $3 to $5 million.
"I read a book called Your Money or Your Life, which kind of introduced the concept that the best definition of money is something you exchange hours of your life for. And then that kind of set off a whole bunch of other thought processes about, okay, I'm exchanging hours of my..."
▶ Play at 15:23
Sam Parr uses it
"I think I paid $1,800 for a six-week trip to ride my motorcycle. I used couchsurfing.com, which was fun, right? It was fun to sleep on someone's couch and get to know them. And it was the most fun that I ever had."
▶ Play at 51:45
Shaan Puri recommends it
"You had to write a story of your life where you were wronged... and then rewrite the story, instead of in the victim mindset, with 100% ownership of your part of that whole thing. And he goes, 'It was the most freeing moment of my life.' I think a lot of people would benefit i..."
▶ Play at 30:41What they recommend · 4 picks
"You had to write a story of your life where you were wronged... and then rewrite the story, instead of in the victim mindset, with 100% ownership of your part of that whole thin..."
"Well, a lot of the books now are having handbooks, which I actually think are cool. Like, I know that there's Design Your Life, which was that Stanford course. They had like a h..."
"I read a book called Your Money or Your Life, which kind of introduced the concept that the best definition of money is something you exchange hours of your life for. And then t..."
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See what they all swear by Or pick your own peopleBill Perkins
2 picks · guest
"Well, a lot of the books now are having handbooks, which I actually think are cool. Like, I know that there's Design Your Life, which was that Stanford course. They had like a h..."
"I read a book called Your Money or Your Life, which kind of introduced the concept that the best definition of money is something you exchange hours of your life for. And then t..."
Shaan Puri
1 pick
"You had to write a story of your life where you were wronged... and then rewrite the story, instead of in the victim mindset, with 100% ownership of your part of that whole thin..."
Sam Parr
1 pick
"I think I paid $1,800 for a six-week trip to ride my motorcycle. I used couchsurfing.com, which was fun, right? It was fun to sleep on someone's couch and get to know them. And ..."
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