Young and Profiting | Bill Perkins: Change How You Spend Your Money and Die With Zero in the Bank @youngandprofitingpodcast | Uploaded May 2024 | Updated October 2024, 13 hours ago.
Bill Perkins showed up at the New York Mercantile Exchange every day until he got a job as an assistant peon. He started with a salary below $16,000 per year and drove a limo in the evenings to make ends meet. Yet, he dedicated his nights to reading books on trading, the oil market, and options. Through unwavering determination, he became a millionaire by 30. Today, he is one of the world's most successful hedge fund managers and entrepreneurs. In this episode, Bill shares his wisdom about making money and how to spend it. He also explains why your goal should be to die with zero dollars in the bank instead of as a millionaire.
š Timestamps š
0:00 Introduction
2:15 Bill Perkins' Background
5:24 Philosophy on Money and Life Experiences
7:14 Advice on Becoming a Millionaire by 30
8:45 Understanding Commodities Trading
9:30 Calculated Risks in Commodities Trading
11:30 Poker and Risk Management
12:26 Poker Playing
16:35 Philosophy of 'Die With Zero'
22:14 Saving Money vs. Living Life
25:22 Ant and the Grasshopper Fable and Its Lessons
35:30 Inheritance and Wealth Transfer
36:54 Concept of Peak Utility of Money
39:35 Planning Life in Time Buckets
46:50 Fear of Dying Broke
54:30 Spending Time with Your Kids
Sponsored By:
ā”ļø Kajabi - Get a free 30-day trial to start your business at kajabi.com/profiting
ā”ļø LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at LinkedIn.com/YAP.
ā”ļø Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/ShopifyTrial
ā”ļø Indeed - Get a $75 job credit at youngandprofiting.co/IndeedTrial
Resources Mentioned:
ā”ļø Billās Website: diewithzerobook.com/welcome
ā”ļø Billās LinkedIn: linkedin.com/in/bill-perkins-dwz
ā”ļø Billās Twitter: twitter.com/bp22
ā”ļø Billās Instagram: instagram.com/billperkins
ā”ļø Billās Facebook: facebook.com/diewithzero
ā”ļø Billās Book, Die with Zero: Getting All You Can from Your Money and Your Life: amazon.com/Die-Zero-Getting-Your-Money/dp/0358099765
ā”ļø Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence by Vicki Robin and Joe Dominguez: amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766
šššššš
Youāre watching Young and Profiting Podcast on Youtube, a place where you can Listen, Learn, and Profit. Welcome to the show. Iām your host, Hala Taha.
On Young and Profiting Podcast, we investigate a new topic each week and interview some of the brightest minds in the world.
Make sure to hit the āsubscribeā button, and donāt forget to click the bell icon.
ā”ļø YouTube: youngandprofiting.co/yap-youtube
Enjoy the show!
#podcast
Bill Perkins showed up at the New York Mercantile Exchange every day until he got a job as an assistant peon. He started with a salary below $16,000 per year and drove a limo in the evenings to make ends meet. Yet, he dedicated his nights to reading books on trading, the oil market, and options. Through unwavering determination, he became a millionaire by 30. Today, he is one of the world's most successful hedge fund managers and entrepreneurs. In this episode, Bill shares his wisdom about making money and how to spend it. He also explains why your goal should be to die with zero dollars in the bank instead of as a millionaire.
š Timestamps š
0:00 Introduction
2:15 Bill Perkins' Background
5:24 Philosophy on Money and Life Experiences
7:14 Advice on Becoming a Millionaire by 30
8:45 Understanding Commodities Trading
9:30 Calculated Risks in Commodities Trading
11:30 Poker and Risk Management
12:26 Poker Playing
16:35 Philosophy of 'Die With Zero'
22:14 Saving Money vs. Living Life
25:22 Ant and the Grasshopper Fable and Its Lessons
35:30 Inheritance and Wealth Transfer
36:54 Concept of Peak Utility of Money
39:35 Planning Life in Time Buckets
46:50 Fear of Dying Broke
54:30 Spending Time with Your Kids
Sponsored By:
ā”ļø Kajabi - Get a free 30-day trial to start your business at kajabi.com/profiting
ā”ļø LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at LinkedIn.com/YAP.
ā”ļø Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/ShopifyTrial
ā”ļø Indeed - Get a $75 job credit at youngandprofiting.co/IndeedTrial
Resources Mentioned:
ā”ļø Billās Website: diewithzerobook.com/welcome
ā”ļø Billās LinkedIn: linkedin.com/in/bill-perkins-dwz
ā”ļø Billās Twitter: twitter.com/bp22
ā”ļø Billās Instagram: instagram.com/billperkins
ā”ļø Billās Facebook: facebook.com/diewithzero
ā”ļø Billās Book, Die with Zero: Getting All You Can from Your Money and Your Life: amazon.com/Die-Zero-Getting-Your-Money/dp/0358099765
ā”ļø Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence by Vicki Robin and Joe Dominguez: amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766
šššššš
Youāre watching Young and Profiting Podcast on Youtube, a place where you can Listen, Learn, and Profit. Welcome to the show. Iām your host, Hala Taha.
On Young and Profiting Podcast, we investigate a new topic each week and interview some of the brightest minds in the world.
Make sure to hit the āsubscribeā button, and donāt forget to click the bell icon.
ā”ļø YouTube: youngandprofiting.co/yap-youtube
Enjoy the show!
#podcast
