Die with Zero? Yes…$0! Book Review

Die With Zero is a personal finance philosophy that encourages people to die with zero dollars in their bank accounts. Yes, I said ZERO. The Die With Zero mindset encourages the financially secure to die with zero dollars in the bank in exchange for utilizing their money NOW to create memories, and not just save to save. Today, I am reviewing the book and telling you my real thoughts that I had while reading. Overall, I rated it 3.5/5...but I am NOT sold on the Die with Zero philosophy fully.

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PLEASE NOTE: I am not a finance professional and just want to share my journey openly and honestly. This is only my experience and not intended to give financial or legal advice.

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[DearDebt]

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See you in my next video! XO, Amy

[gwendolynantionette]

I loved the book. Even though I’m not wealthy, I still found it useful. It may be that my perspective is that of a mother in her mid 40s. I appreciated the idea of not waiting until you’re retired to achieve your bucket list. I also agree with giving money to your children when they need it the most instead of waiting to give it when you die. When I die I want to ensure I’ve enjoyed my life and been a blessing to my son, not sitting on a hoard of cash I can’t take with me.

[darlenem]

Amy, very interesting. I have been a nurse for 40 years and I agree you don't know how long you will live as you have experienced with family in you life. I recently retired at the end of 2023 at age 61. I chose to retire early as I am a widow and have been for over 9 years as my husband died suddenly of a cardiac event at age 49, which was unexpected. I was always a budget person before I meet him, but we have followed most of Dave Ramsey's principles since 2010 so we had very little debt and after he passed away I was able to pay off our mortgage, which was our last debt. We were not able to have any children so our nieces and nephews have gotten a bit spoiled through the years and now out last one just started her first year of college, but I have plans for my funds for myself to use if and when needed and for my nieces and nephews in the future as well as for any charitable groups I have chosen to donate to. I think you can create a plan and have it taken care of even after your gone.

[AverysMoneyMoves]

Really enjoyed your thoughts on this. I read the book and liked it, but I do agree that this book (and many personal finance, FIRE books like this) are geared towards people who already have a large nest egg and don’t have a spending or (low) income problem.

In some ways the book inspired me to spend more of my discretionary money on experiences now rather than material items, but only AFTER I save 20-25% of my income for retirement.

In addition I’ve also just started a brokerage and am beginning to put small amounts into it which will allow me to be more generous before I’m retirement age. But my primary goal is still saving money for retirement!

[sanctifiedne]

I agree wholeheartedly with everything you said about the book! I actually started the book but never finished it, I felt so similar to you. I became frustrated, because I felt like this is not for the majority of people at all, and it messed with my head and I stopped reading it. I need to suck it up and finish it. Lol. The memory dividends I totally agree with, and like you stated you don’t always need to spend money. My best memories I have are when loved ones made a favorite holiday meal, delivering special Christmas cookies year after year, sending a birthday card with a hand written note, and just being present with you when they were around. It’s all those small moments that mean the most. We also want to be able to give to our kids while we are alive. We are considering this right now for our daughter and SIL who are considering buying their first home and are expecting their first baby. I already told our daughter we are gifting them their nursery furniture that they want and we are considering gifting money for a down payment on a house. What’s hard is that we have two more adult children so I am trying to remember what we do for one, we do for all.

[Kittenmom]

I am on my 5th year in my fire movement journey. When I was on my third year I didn’t contribute 60% I was doing I brought it down to 30% because i wanted to do fun things with my kids. I would love to leave my kids something so I personally don’t agree with that book but it’s because it doesn’t fit my life.

[FIRE_DrNinjaTurtle]

I think the memory dividends do not have a dollar value attached. I think his point is not to hoard your money and to spend just a little. Like you and your husband having a few more vacations

[genealotech]

Thank you for sharing this, I was also having issues with that concept too.

[curhx]

You're got stuck too much on the tittle of the book.
Die with zero is a tittle designed to catch your eye.
The big picture of the book, is just to be aware to your life, not just live and horde money on autopilot.
And im really sorry about your sister, but her sudden passing, is exactly why you have to be more aware to your life. One day you're healthy and happy and the next day out of nowhere, your situation can change drastically.

[dreamchaser]

Phenomenal book review. Please consider doing more! I'm going to pass on this book. The title and all of the ideas it evokes feel better than the actual book. Social safety nets are being obliterated and strained amidst political indifference or worse hostility. Working and middle class parents should help their children have a better financial footing in the world. Social security is projected to be partially insolvent in 2034. You can't get a summer job and work your way through medical and law school. Floods of venture capital cash in single family residential homes. Hard working young people are paying 50-60% of their take home pay on rent. A third of six figure income earners are living check to check. I'm not sure what demographic this book appeals to.

[summerjoy]

Seems like the opposite of what the Bible teaches which is to leave your kids an inheritance.

[catharinabra]

Hm, it sound like a interesting book but doesn’t most americans lack savings to even cover an unexpected $1000 expense? Then not saving would be a stupid advice, in my opinion.

I agree with beeing generous while alive. A lump sum of money would have been most useful for us as a young family, when my kids were little. I do hope we can help our kids out when they’re in that phase.