Optimizing life for maximum fulfillment | Bill Perkins
Peter Attia
Nov 25, 2024
Mindsip insights from this episode:
Recognize money's diminishing utility with age and health decline
The usefulness of money is not linear; it follows a curve, ramping up in utility and then declining as you age and your health fails, meaning money is less valuable when you are old.
Maximize net worth in your 50s for enriched experiences
Your net worth should peak in your 50s, not at retirement, to align with your peak physical ability to utilize that wealth for experiences.
Utilize a death clock calendar to embrace life's finiteness
Using a 'death clock' or a 4,000-week calendar where you check off each week is a visceral way to remind you that life is finite and pull you off autopilot.
Stop over-saving and invest in actual insurance for peace of mind
Many people over-save because they are acting as their own inefficient insurance agent; it's better to buy actual insurance for specific fears and use the rest of your money to live.
Give money at peak utility for maximum impact
Give money to your children or other heirs when they are at their peak utility for it (e.g., age 25-33), not when you die and they are much older.
Invest in experiences for lasting memory dividends
Experiences provide 'memory dividends,' which are the fulfillment you get from recalling and sharing the memory long after the event is over.
Rebuild non-work muscles to combat work addiction
People who can't stop working have let their non-work 'muscles' for socializing, discovery, and finding fulfillment atrophy, leaving them unable to imagine life without their job.
Adopt regret-minimizing framework to seize opportunities
Instead of a risk-minimizing framework, you should adopt a regret-minimizing framework that considers the huge opportunity cost of inaction.
Align experiences with life seasons for fulfillment
Life is like a game of Tetris where you must get the order of your experiences right, because if you save an experience for the wrong season of life, you don't get the fulfillment points.
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