Is Dying With $0 the BEST Financial Strategy?

Is Dying With $0 the BEST Financial Strategy?

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[marcosvaldes]

Bo needs to read the book. He obviously hasn’t read it. This book is about a mentality on using your resources while you’re living. Great book.

[andrewmunoz]

It’s obvious that neither of the host have read the book. In addition to the book suggesting you maximize your life experiences while you still have the health to do so, the author makes it very clear that people should not prioritize those life experiences until they’ve got all the ducks in order financially in the present and for the future. The author also states that if you live paycheck to paycheck, his message isn’t for you.

[ShawnaSharee]

Tell us you didn’t read the book, without telling us you didn’t read the book. 😂

[joshuaschoonmaker]

I think the hosts and comment section both miss a major encouragement that the book provides which is that you SHOULD leave an inheritance but give it to your loved ones earlier— the book is not anti-inheritance.

One major reason being that your children can make better use of money earlier— a point which The Money Guy Show makes quite often.

[paulturner]

A consumed dollar in your 20s is usually much more valuable than a consumed dollar in your 80s.

[skatershaner]

I recommend reading the book. The title is a little misleading. The premise isn't to actually die with zero, it's to maximize your life experiences by using your money the most effectively.

[jasonpwc]

Bo should read the book and do another episode…. And do some deep thinking.

[TashaJ]

I heard wonderful things about the book and from my understanding it’s not that you don’t leave behind anything, but it’s the when. You can give to your kids and causes while you are alive to see them enjoy it and live your life in the most time efficient way. Wakeboarding when you are 80 ain’t gonna happen but maybe it will at 30.

[Antandthegrasshopper]

You need to read before spouting your input!

[gregleavitt]

It's a really good question. Answer's not as simple as you might think. On the flip side of the obvious reaction to this premise, how many people have lived their lives stacking up chips and dying right after (or before) they retire? What's more sad, dying with zero or dying with a ton and never having the chance to get off the leash with the years you were given? To me, it's the latter but it's obviously different for all of us and something we all have to mitigate.

[rayzerot]

This episode made me a little sad. No preparation was made for this episode. The smallest bit of research, even just reading a summary would have allowed them to make an intelligent conversation about the book. They clearly don't know anything about the book or what's in it

[OnmywaytoFI]

Read the book Bo...That would help your perspective

[alexhunter]

Mate, read the book, there's a reason why it's a bestseller.

[fitzsimonsdev]

I love this book and would be super excited to hear a deeper dive on what this books about. Because lots of things that he says are misrepresented in the question and the answer.

[JA-zhew]

The most impactful chapter in the book is the one talking about children. That chapter gave me a totally different perspective about legacy planning.

[spmcginnisutube]

They should read the book. They seem to be equating die with zero with yolo.

[khaldounsamman]

Keep your mind open. I'd love you to do a video for those of us who want to die with as little as possible remaining in our portfolio. I'm single with no children and want to retire at 67 and I'm betting on being dead at 83. If I live longer I'll find a way to live on social security. The idea is to enjoy my savings I've worked for and help my loved ones like nieces and nephews while I'm still here with them.

[sampropane]

Read the book. Not the title. Then comment.

[lagoonlane]

I'd be interested in hearing their opinion after they read the book.

[Smithlandia]

The best strategy is to choose an age at which you intend to live and have just enough money left at that age to buy one bullet. That's my strategy anyway.