The key takeaways from the book "Die with Zero" by Bill Perkins

Here are the key takeaways I got  from the book "Die with Zero" by Bill Perkins:

1. Maximize Positive Life Experiences:The goal should be to maximize the number of meaningful and memorable life experiences, rather than just focusing on accumulating wealth. Money is a means to an end - it should be used to fund the experiences that bring you fulfillment.

2. Invest in Experiences Early: Don't delay gratification indefinitely. Spend money on experiences when you're young, as this allows you to compound the "memory dividends" over a longer period of time. Experiences tend to gain value over time, unlike material possessions.

3. Aim to Die with Zero: The ideal scenario is to spend all your money by the time you die, rather than leaving a large sum behind. Saving too much for the future means you may be depriving yourself of experiences in the present. 

4. Use Tools to Die with Zero:Strategies like giving money to children or charity when it has the most impact, and knowing when to stop growing your wealth, can help you achieve the goal of dying with zero.

5. Avoid Living on Autopilot: Don't just go through the motions of earning, saving, and waiting to retire. Be intentional about how you spend your time and money to live a fulfilling life.

6. Take Risks When You Have Little to Lose: When you're younger, you have more time and energy to recover from setbacks, so it's better to take big risks then rather than later in life.

The key message is to focus on maximizing positive life experiences, rather than just accumulating wealth for its own sake. By being intentional about how you spend your time and money, you can live a more fulfilling life.

Declining Utility of money with age

Filling your time buckets instead of put your bucket list on hold until retirement.