(1) Invest in Experiences - Please do this early. Don’t wait until you retire. Think of your final moments on earth and what means the most to you. It’s those amazing experiences, and not the bank account or the high investment returns in the bank.
(2) Aim to Die With Zero - Use all the tools you have at your disposal and think like an insurance agent: how much will you need to finance your finite amount of time? If you’re thinking of an inheritance for your offspring or favourite charities, perhaps giving away while you’re living is much more worthwhile than when you’re no longer around to enjoy the fruits of your labour. Here’s the spending curve tool that you can use, too, offered by the book.
(3) Don’t undersell time - Balance time, money, and health. Health is more important than money; and if we remember that, then everything will fall into place. Exchange money for time, such as alleviating you from chores that that can instead allow you to enjoy your leisure time. Delaying gratification to the point that is no longer serves you well is commonplace in our society, but it's also irreversible. Time is precious. Spend your your resources not for material goods but on once-in-a-lifetime experiences.
(4) Time Bucket Your Life - Create a calendar that “time buckets” rather than creating bucket lists with no timeline. If you have a piece of paper, then consider planning out milestones for the remaining decades of your life (e.g. 20’s to 80’s) and try to achieve those goals. You can even create your own time bucket here with the book’s online app.
(5) Know Your Peak - At some point, wealth accumulation needs to stop, as there’s a declining utility of money with age. The old adage that you can’t take it with you, is so true. As we age, our scarcity of time is an inverse to the utility of money. Take opportunities for risks while you’re still able to and (relative to your age) young. There’s no point in waiting for retirement to enjoy those moments. As Perkins reminds us, "In the end, "business of life is the acquisition of memories."
So there you go: it’s a title that I highly recommend and one that I read and absorbed with much reflection and resolve. A 250-word review doesn't do justice to your own enjoyment of this book. I hope you enjoy reading it as much as I have. Do you have a title you'd recommend me? Please leave a comment below -- happy to connect!