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When Should You Stop Growing Your Net Worth? · My First Million

My First Million

$100M hedge fund manager: Do not make the mistake of dying rich

Free guide: how to build wealth (and use it well): https://clickhubspot.com/fjvx Episode 878: Shaan Puri ( https://x.com/ShaanVP ) and Sam Parr ( https://x.com/theSamParr ) talk to Bill Perkins ( https://x.com/bp22 ) about how to die with zero and never have a regret about it. — Show Notes: (0:00) Intro (0:55) How Bill made his money (1:55) Price go up or…

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Notes

How Did Bill Perkins Make His Money? at 0:55

Bill Perkins says the first pool of capital came from trading natural gas derivatives, not from buying barrels and reselling them. Full answer
Should You Take More Risk When You Are Young? at 3:47

Bill Perkins says he should have taken more risk when he was young. Full answer
What Are the Three Edges of Great Investors? at 5:30

Shaan Puri says the investors he has heard, including Howard Marks and Ray Dalio, tend to win in one of three ways. Full answer
Why Do Traders Have to Stay in the Game? at 9:14

Bill Perkins says the swings ran from down 50 percent to up 250 percent, on about $100 million and about $200 million. Full answer
When Should You Stop Growing Your Net Worth? at 12:36

Bill Perkins says he is 57 and is not trying to throw a party at 85. Full answer
Why Is Wasting Your Life Worse Than Wasting Money? at 18:30

Bill Perkins says he wrote about this because he was very afraid of wasting his life, more afraid of that than of losing money or status. Money is a tool. Full answer
Why Do People Fear Looking Foolish in Business? at 20:40

Bill Perkins says most people who never start a business or chase an opportunity skip it because of ego, not because of the money risk. Full answer
How Do You Separate What You Want From Cultural Programming? at 26:04

Bill Perkins says a lot of what he thought he wanted was marketing from society or the movies, absorbed until it felt like taste. Full answer
Why Is Life Balance a Pendulum? at 32:49

Bill Perkins says a life is not perfectly balanced in each day, month, or even decade. Balance is a pendulum. Full answer
What Is the Difference Between Time Buckets and a Bucket List? at 35:20

Bill Perkins says a bucket list treats life like a movie sprint in the last month before death. He thinks a person has many deaths, not one. Full answer
How Should You Plan Your Year? at 37:02

Bill Perkins says his family plans in time-bucket periods rather than one someday list. Full answer
What Does Bill Perkins Regret Right Now? at 38:48

Bill Perkins says the part of life he is most dissatisfied with is health adherence. Full answer
What Is Die With Zero? at 42:33

Bill Perkins says Die With Zero was the title that landed after about 10 or 20 tries. Full answer
Why Should an Inheritance Be Given Before Death? at 47:12

Bill Perkins says an inheritance should not be a bequest. Full answer
What Does Bill Perkins Spend His Money on? at 53:06

Bill Perkins says he has not stopped working, and he would not quit just to look finished with money. He still likes the puzzles. Full answer
Why Did Bill Perkins Pay $15 Million for a Painting? at 1:02:22

Bill Perkins paid $15 million at Sotheby's for a second copy of Sugar Shack, painted by Barnes, a football player who became a painter. Full answer
Why Did Sylvester Stallone Regret Selling a Monet? at 1:10:49

Sam Parr says Sylvester Stallone regretted selling a Monet that Parr thinks is called Haystacks. In the 1980s Stallone bought it for $110,000. Full answer
Will Bill Perkins Write a Book After Die With Zero? at 1:18:29

Bill Perkins says his wife does not want another book, because it takes a lot of time, and a rule against new projects is how she helps him stay accountable. Full answer

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