My First Million
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.
00:42:09 · Sam Parr, Bill Perkins, Shaan Puri
[00:42:09] S2: Well, is actually interesting because most people are probably fucking over their future self. You just said you're you're you're screwed it up. What are you gonna do to change? [00:42:16] S0: I've taken some of the capital, and, you know, we just hired another trainer that that's here, that can work, you know, come with on time. I'm actually evaluating that person or another person to be like travel with me too because I travel so much and that's always an excuse, it's like, well, if I have somebody who just travels with me and they're a trainer, I don't... You know what I mean? I got somebody to, like, keep that motivation and accountability. Like if I can't be accountable, I need to outsource accountability, but I need to do whatever I can in my power to make sure that I don't over future Bill. [00:42:51] S1: You wrote the book and the book has an amazing title, like one of the best book titles ever, and I've studied this [00:42:59] S0: I do think so. [00:43:00] S2: It's almost too good. You don't even need to read it. [00:43:02] S1: Yeah. Exactly. You can give somebody the the book cover, and they can... They should judge it by its cover. So the book is called Die With Zero. What was the original title gonna be, did you... Would you wake up one day and have that? Did hire somebody to come up with that line? Like where did that come from?
00:43:18 · Bill Perkins
[00:43:18] S0: No, it was just like we came up with like 10 or 20 titles. Like, what is this book gonna be? You know, Die With Nothing, Maximize Your Life, like kinda like descriptions of the book. And the ultimate concept is is that, like, you use all your resources here on this vacation on planet Earth. You leave it all on the field. Right? So you die, you know, and and people are are attached to the money aspect of it. So Die With Zero just hit. It's like, there it is. And it's also Die With Zero regrets. Right? Like, it's like, if you if you leave everything that... If you do your best and you leave everything on the field, you have zero regrets. Like, most people say, do you have regrets? I go, yeah. And all my regrets are a version of when I didn't do my best. So whether I lost my temper or I did this or I behaved this way or I was, know, I was fat and out of shape, it's like I didn't do my best and therefore I have regrets. When I do my best, that's all I can do. There's no regrets. It's unfortunate. Like, unfortunate things still happen, but I don't regret that. Like, I don't regret my ass, you know, what I'm accountable for. And then the the publishers love this. Like, there was a little bit worry about like, well, people getting on airport, riding to an airport, you know, and there's like, die. Die. You know, like, that's gonna be hard sailing in an airport. But it was like, it just hit and says, like, it was provocative, and we went with it.
00:44:43 · Sam Parr
[00:44:43] S2: I've used your book. It's changed two parts of my life. The first is now when I take vacations, the way that we roll is we get a big house, and for those who can afford it, we say, here's the dates that we are going. Everyone's welcome. Come and do vacation with us. Like to like my parents or my in laws. Right. And it's pretty awesome. It's made vacation so fun. And then the second thing is I have in laws who created a business and they're very successful. And one day they're having a conversation. They're like, look, when we die, here's what we want to leave everyone. And I was like, look, here's what I think you should do. You're not asking for advice. It's your money. Do what you want. But you should do one of these three things. The first thing that you should do, give it to us now. We don't need any money. So that's probably the least good one. But if you do want to give us money, give it to me right now. But don't do that one probably. The second thing is go and do something for yourself. Be selfish. Whatever you want to do that makes you happy, just go and spend all the money on yourself. Or the third thing, go and do something that we could all enjoy together. You guys have been talking about getting this bigger vacation home. Don't even think twice. Get it and we will all enjoy it with you. Or if you want to go on this awesome vacation, let... Pay for all of us. We'll go we'll go with you. And they're starting to do it and it's made life so much more fun. And so they actually got a new vacation house that like... It's kind of like vacation homes are like definitely a hack for like really wealthy people because if you get a place that's big enough for everyone to be really comfortable, you 100% spend more time with your family. That's what I've noticed about Yeah. About that. But it's... And it's changed everything for us.
00:46:16 · Bill Perkins, Sam Parr, Shaan Puri
[00:46:16] S0: Yeah. Like, you... They're... Now, because I had this conversation with you, they're gonna have a more fulfilling life and they're not gonna be like 85 on their deathbed going like, why didn't I do this? Or I didn't get as much time with so and so during this time period, etcetera. Like, you've completely eliminated that future regret. [00:46:31] S2: And it still exists, by the way. Like, there's still fear. Like, everyone... Particularly if you're, like, retired, you're like, will I have enough to take care of myself? That that still exists. But I do think like having a large dose of enjoy it now is good. [00:46:45] S0: Yeah. I mean, what fear should be greater? Having a little bit of money and, you know, eating beans or wasting your entire life and missing out on your own life? So I think for me, it's the latter. [00:47:01] S1: You must get stories like this all the time. Somebody reads the book and they make a change, and that's obviously gotta be fulfilling. What are some of the stories that stand out to you, or what's a pattern you've heard from a lot of people who've read the book, like kind of like what Sam's saying, a change, a decision?
00:47:17 · Bill Perkins
[00:47:17] S0: What comes to mind is a lot of the inheritance one because everybody's kinda like that just... It it makes no fucking sense. It's so obvious. And then they read it in a book, you're like, you're right. This is so fucking obvious. Like, why am I waiting to die to give somebody their inheritance? Like, an inheritance shouldn't be a bequest. They're not kids. They're 60, etcetera. So that's like most of, like, the older cohort, like, that that have discretionary income or they plan on leaving something behind. They've somehow changed their estate planning, and they're actually taking estate planning seriously other than, oh, when I die, whatever's left over is gonna go to this person, this person, this person. The second one is just like, we've completely, you know, people shifted retirement dates, they've completely rethought what they should be doing in the time bucket they're having, or they've done it for their parents. They're like, I've made my parents retire and their sole job is to hang out with their grandparents. Like, I've had that. Like, that's it. Like, your job is now to hang out with the grand... I'm sorry, with the grandchildren and and and and just spend time with them and be around. Right? Or I've done this or... You know what I mean? These things I was putting off or... You know, I just kinda woke up to what I wanted, and then they... They're now doing that.