My First Million
00:35:12 · Bill Perkins
[00:35:12] S0: Yeah. The idea of, like, a lot of people think life is like, oh, I have a bucket list and, you know, like the movie, you know, a month before I'm gonna die, I'm gonna run around, do all these things, and I'm gonna be happy. Right? My life is complete. And the the main thing is is that each period of your life, like, don't have one death, you have many deaths. Right? There was the college you that died. There was a single you that died. There was you with young kids that died, you know, first job, first startup, etcetera. Right? And and and they're largely in age brackets, right, like for most people. And so each period in your life, certain experiences are optimal, depending on who you are, the arc of your life, in that time period and don't transfer well to the next time period, or they don't transfer at all. And so it's like, hey, if your life... Satisfaction... If a satisfactory life for you was like, I wanna go skiing in my life 500 times, well, the distribution of those ski trips are probably gonna come earlier. Right? And if it's skiing with friends, it's probably earlier. Right? Because they get married, they have life or whatever. And if you just kind of like, oh, have a bucket list ski 500 times, and those activities get shifted later into your life, well, you've kind of fucked it up, right? Like, because you're really not gonna get those 500 ski trips, right? And so life is like Tetris. You kind of have to get the order right in order to get the high score and fulfillment. And so... But what that requires you having kind of a a understanding of what you want out of life and thinking about like, okay, what I want out life with respect to my kids and my family and my job and my career, my own leisure, my own hedonistic activities, my own altruist activities, etcetera. You're not gonna know it all because life is discovery. Right? You don't know what you want, you discover what you want. But having kinda like a time bucket of each period of your life, maybe three to five year brackets and say, okay, what experiences, what choices do I wanna make in this period or in this period, and this period? And when you do that, you'll go, oh my gosh, I have this here, and it should be here, and this here, and it should be there. Right?
00:37:15 · Bill Perkins, Sam Parr, Shaan Puri
And then you'll have a much more fulfilling life because you'll actually get to do both of them as opposed to up the order and not getting it at all. [00:37:23] S2: Do you do any type of annual planning? [00:37:25] S0: Yeah. Wait. We we do we do like kind of a period, time bucketing period. Like, this is what we wanna do. Like, we know while Kai is, you know, under five, we definitely wanna go live in a different country, particularly Japan, and we're like, okay, how long is that gonna be? Is it just gonna be a summer? Is it gonna be a year? Is it gonna be two years? You know, we're actively discussing, like, how that fits, you know, what's going on, and and then all the other things, you know, people have multifaceted, multivariate experiment running their lives. Right? Like, how do all these pieces fit in? And it's kind of fun doing that. [00:37:59] S2: Do you sit down with your wife, and you're like, okay. Yeah. Like, because we talked with Jesse Itzler, and I think Shaan does this now, Do you do this, Shaan? Were you like Jesse, where he plans his quarterly I [00:38:11] S1: carve out three days now a year, because it just seemed crazy to me that I wasn't spending 1% of my year just trying to think through how to spend the other 99%. And so now I spend three days and I try to get creative and think about what I want this year to look like, and what would be the most exciting version of the year. And then I put dates on stuff and I try to make it happen then.
00:38:11 · Shaan Puri, Bill Perkins
[00:38:11] S1: carve out three days now a year, because it just seemed crazy to me that I wasn't spending 1% of my year just trying to think through how to spend the other 99%. And so now I spend three days and I try to get creative and think about what I want this year to look like, and what would be the most exciting version of the year. And then I put dates on stuff and I try to make it happen then. [00:38:30] S0: Yeah, that's awesome. I mean, we sit down frequently, but our our our life and our travel schedule is so packed, and there's so many... We're reacting to a lot of events. Right? Like, we're in the... Playing a game like catching events, like, and and trying to move them around. Can we go? But then the larger arc conversation, like, where do we wanna be and set up camp? What culture do we wanna discover? You know what mean? What activities? Those are ongoing. [00:38:53] S1: But what what part of your life are you most dissatisfied with right now? And I ask this because I think when people listen, it's cool to hear somebody who's got their shit together and inspires you, but also it's good to remember, like everybody's still a work in progress, right? Everybody's got some level of wet cement they're still trying to shift around, whether it's their health or their relationships or whatever.
00:38:53 · Shaan Puri, Bill Perkins
[00:38:53] S1: But what what part of your life are you most dissatisfied with right now? And I ask this because I think when people listen, it's cool to hear somebody who's got their shit together and inspires you, but also it's good to remember, like everybody's still a work in progress, right? Everybody's got some level of wet cement they're still trying to shift around, whether it's their health or their relationships or whatever. [00:39:12] S0: I'd have to say health adherence right now. Like, I got married four years ago. Four... Was it four... Yeah. Twenty... Four years ago, and, you know, I was 8% body fat, v o two at the top 1%, yada yada yada, and now I'm probably like 16, 18% body fat, and v o two is like barely at the mid for my age, which is not the way to be. And so I would say that's probably the most dissatisfaction. I got a lot of victim stories of like, you know, I get up twice a night because we have a small baby. I'm too tired to do the things. You know, just went through a pregnancy and just kinda ate like, you know, I was a prisoner on death row. You know what I mean? Like... But that's just all bullshit. So, like, I'm just being lazy and not doing the thing. So I've broken all [00:40:04] S1: the all the all [00:40:04] S0: the stay in top 1% health, and I'm I'm, you know, down in the mids or below in certain areas.
00:40:04 · Bill Perkins, Sam Parr
[00:40:04] S0: the stay in top 1% health, and I'm I'm, you know, down in the mids or below in certain areas. [00:40:13] S2: That's not too bad, though. I mean... And and it's also... I think, like, I just had a kid too, and and I'm I'm... I I was peak. Now I'm a little less in peak. But it's like, for some reason I, in this phase, I'm like, I'll be a little less in peak. I accept it. [00:40:29] S0: I would say it's actually pretty horrible because you're using The US averages, and The US averages have like a forty percent obese rate. So I actually think it's pretty pretty bad. [00:40:38] S2: No. But I mean, looking at you now looking at you now, I think you said you're 57. I could be like, you're you're probably decently fit.
00:40:47 · Bill Perkins
[00:40:47] S0: Yeah. I mean, it depends on what you want out of life. Like, you know, my doctor has a thing called the Centurion Olympics, and it's kinda like, okay, in the last decade of your life, what activities would you like to do? And they have like, I don't know, 50 or whatever activities, but you pick them. And the things are like pick up a small child, walk a hike, have vigorous sess for x minutes, do these things. So you pick 10 that are important to you. Right? Be able to wake wake surf is one of mine. Right? And they run the calculations on like, here's your VO two now and here's the decline that you would have like for each client where I'm at, and then the activities on one side of what you can do. And it's one of the things I tried to do in the book way back when before like the technology and stuff was there, is kind of like how many watt hour... How many watt hours per kilogram of energy do I need to climb a fly the stairs to do x activity, etcetera? And here, it's basically v o two max is kinda like the best indicator, and and the things I the things I wanna do in my last decade of life, like, 80% of them, I cannot do at this current trajectory. So you're saying that bad, like, now, but I'm kinda fucking future bill over, and I don't wanna fuck future bill over that much. So you really have to think about that, like, this whole book is like thinking about the total arc of your life and your total fulfillment and and the net present value of that, and I'm completely fucking over future Bill right now.