Die With Zero
Library · Personal finance
- Author: Bill Perkins
- FinSimLab rating: 4/5
- Reading: Easy
- Finance level: Intermediate
- Published: 2020
A case for spending money at the stage of life when it adds most, instead of piling it up with no end in mind.
What it covers
Perkins argues that many people oversave and reach old age with money they can no longer enjoy. He suggests planning spending by life stage and valuing each experience by when it happens. It is a useful counterweight to saving books, as long as you start from a cushion and a covered retirement.
What you will learn
- Why accumulating without a goal can be a mistake.
- How to think about spending by stage of life.
- How to balance saving for the future with spending now.
Who it is for
People who already save with discipline and wonder what it is for.
Concepts
Mindful spending, Financial independence, Net worth
What you will not learn
How to invest to reach retirement: it assumes you already save and asks how to spend.
Already read a book on this?
- It shares what to do with the money you build up with Your Money or Your Life. If you have read Your Money or Your Life, this one mainly adds the opposite risk: oversaving and never enjoying it. Your Money or Your Life
Related Academy guides
- The 4% Rule: how much capital you need to live off your investments
- How much to invest monthly to retire early or supplement your pension
- FIRE: financial independence explained
Put it into practice
More personal finance books
- The Richest Man in Babylon
- Your Money or Your Life
- I Will Teach You to Be Rich
- The Total Money Makeover
- The Millionaire Next Door
- Rich Dad Poor Dad
Descriptions written by FinSimLab for educational purposes. They do not summarise the books and are not investment advice.