Everyone should read Die With Zero. It's not merely about spending all your money before you die.
It's about realizing there's a complex relationship between your money, time, and health.
The value of each changes over your lifetime and, as such, you should strive to maximize the utility of each when it's appropriate.
People without a family definitely should. Canât take your money to the afterlife. Might as well spend it all while youâre here.
âMaximise the utilityâ Youâre talking my language đ
Interesting. Thanks! đ
What was the biggest takeaway you gathered from it
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Haven't read it but I like the idea.
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My profile says "dollars only" can you read.
Added to the list. I mean on one end i want my kids to have a good head start but they should still learn to work hard and smart.
Meaning that this is basically the only reason why i wouldn't spend it all before i die.
One of the major takeaways is not to wait until you die to help your children financially, because they'll benefit more from financial aid earlier in their lives.
That's a valid point there. I never thought a lot about it. My own parents are still alive as well and I don't need their financial aid or have them die leaving me any. In fact i advise them constantly to spend it all, so why am i advising it to them and do not think about spending my own?
I have some thinking (and reading) to do...
Great book.
Thank you for that recommendation. I will definitely look into this! đ
How does Die with Zero compare with the meme of Generational Wealth?
Everyone should read 'Knulp'.
