Die With Zero // 8 Amazing Lessons + 2 Okay Ones

Timecodes:

0:00 - Intro
0:41 - Maximize Positive Life Experiences
2:24 - Invest In Experiences Early
3:57 - Try SoFi Checking & Saving
4:29 - Give When You Are Alive
5:13 - Time, Money & Health // The Ultimate Trifecta
6:39 - Trade Money For Better Health & More Time
8:12 - Time Bucket Your Life
9:10 - Know Your Enough
9:59 - Take Big Risks
10:49 - Aim To Die With Zero
13:08 - Use Annuities To Help Die With Zero

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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.

[khaldounsamman]

Many of the comments below are misunderstanding the book: He's not recommending you be an uncaring parent and leave nothing to your children. He's saying share your wealth with them now, while you're still with them. I think that's a beautiful idea.

[AmyAnnetteHenion]

I appreciate that you can present us with a book or concept, and say "here's what I liked, here's what I didn't, and here's why." It's refreshing to know that we don't have to buy into a book 100% in order for us to glean some value from it, and that we can still think critically about the information being offered to us. Thanks for your fresh perspective!

[nemodeals]

The average age of inheritance is somewhere in the 60s. They aren't kids anymore, they are "old people" This hit home for me. I rather give to my children during the phase of life that the money can reach full utility and enjoyment. Also its kinda nice to be there alive to watch the impact rather than dead lol

[OnCashFlow]

This book was actually one of those books that led me to take action and change my mind. I don't agree with everything In the book 100% but it has led me to start actually tracking and assigning points to my life experiences and making a goal for reaching a certain amount of "experience points" per year. It also has led me to loosen up with spending and worrying about growing my wealth too much.

[cisium]

I think it's wise to point out that sometimes intentional giving means _not_ giving sooner than later. While your intended beneficiaries might "need" your money sooner than later, they may not be mature enough to handle it yet.

[bebetheexplorer]

My daughter who is very encouraging for me to live my life fully introduce this books to me. I am 50 and I stopped work 3yrs ago to travel full time. Yes this book just reinforced what I was planning already. Recently, a coworker died after a few months of retiring at the aged of 62. Everyone knows her was devastated coz she had worked all her whole life to just died and didn’t even able to enjoy her retirement days. Tomorrow is truly never promised. I was lucky anyhow coz I collapsed at the beach and was brought to hospital at the age of 44 and since then I begun planning my early exit from full time job and do what I always wants to do travel the world.

[artvram]

Somehow his hair is getting even better

[Bubblebuddy]

Love this. I definitely want to be able to bless my kids financially while they can benefit from it. Not after they've struggled unnecessarily while I sat and watched (that's weird)

[Pepeekeo]

After graduating from college at 22, I bought a one way ticket to Bangkok (with a few stopovers) with plans to visit Australia. Saw many of my friends not really doing anything, at least not doing anything different and exciting, so off I went. Took me seven years to get back to California, but before I returned, my wife (who I met in Taiwan) and I spent 3 months traveling the length and breadth of India by rail.

[letschatfamilyfinances]

Completely agree with your assessment of this book, including your hesitations with a couple of his points. Great job.

[Travisb]

This is one of my top 5 personal finance books. I think the takeaways from it are unique and poweful, questuoning the status quo of saving for retirment and how we save/provide generosity throughout our lifetime.

[meibing]

Cannot agree more on having experiences troughout your life. This is one area where Europe is far ahead of the USA. Even if Americans have more money, Europeans on average have more opportunity for experiences because they have very long vacations - that they actually take. Have several times been at a remote tropical island for 2-3 weeks while Americans would fly in/out for as little as a three day stay.

[liverpool]

Hi Tae! Thank you very much for this video. On the last two points (OK ones) I am 100% on your side. I need my kids to have more than what I had at their age. That is my goal.

[JackieD]

100% with you! Live life to the max, save & invest to the max, die with a legacy! (Not zero) 🙏

[ordinaryhuman]

As someone who could easily end up with too much money, I did get a lot out of the book. It helped me be more comfortable with the idea that at my net worth should be declining over time, and at least one of the charts was helpful to show how that might look.

Without that, I'd probably still be working full time and on track to have millions on my deathbed, instead of coasting with part time work like I am now, with more plans to travel and spend while I'm young and healthy.

I think the book gets recommended a lot by a vocal minority of folks like me with frugal habits and large account balances because the message is pretty unique compared to most personal finance books. But that's also why it's probably not appropriate for most people who aren't going to have millions on their deathbed because they don't have those habits or account balances in their 30s/40s.

[sct]

My father died at 60. He save, save, and save for years without much enjoyments. No trips.
Didn’t even get to retire or take SS. Don’t do that people!
Old age creeps up on us, wish we traveled more. I told my husband we need to enjoy ourselves and spend our money down. It’s hard when we grew up poor. Even struggling 10 years after graduating from college.

[gaelenoconnell-bidabadi]

New subscriber here. Happy to have found your channel. I've been curious about this book but haven't had the time to read it yet. I found this video super relevant to my life and very helpful, thank you so much!

[jeaninechin]

Agree with all your points.

Working in healthcare, I don’t know any sort of algorithm that can predict when you’re going to die. If we have one, please let me know? 😅 That’s a very hard sell. To know when you exactly die and use your money accordingly.

No to annuities too. Also ties up with the fantasy of knowing when you exactly hit the bucket. 😅

Other than that, i think Die with Zero is still a good read. Just to drive in the point that, money is important but not number 1. 😅

[UsualSuspect]

Great analysis of Bill's book! I just finished reading it. I think his ideas are much easier and probably more intended for high net worth investors. Know when enough is enough!! So many people are on auto pilot and working for "nothing"

[RMooney]

My friends dad died recently. He had amassed millions and the wife had no clue as he was very controlling. They lived extremely frugally. Now the wife is elderly and sick and the money is mostly of no use.There are mental health challenges with many people regarding money...in both directions.