Reviews
This was a timely book for the decisions I’m making right now. I need to be bold and remember that I won’t be young and invincible forever
An interesting philosophy of the use of money over the long term once a certain level of wealth has been achieved. Useful for those over 50 who have their material wants taken care of and family or charities they wish to help.
Very relevant and thought-provoking ideas for someone, like me, who has always just saved money due to the fear of "running out of money if X happens". This book inspires me to rethink how I live life, and focus on maximizing my life and life experiences.
In particular, I loved the ideas of:
- Dying with money left over means that you wasted life energy working/accumulating wealth or saving instead of enjoying money in experiences. Don't trade your life energy for money that you'll waste.
- Money is almost always more valuable when spent earlier due to health, memory dividends, and impact it can have. Spend accordingly.
- If you're saving to give to children or charity, don't. Give while alive.
The core concept of the book (aggressively spending your money with purpose to maximize having experiences/building memories) and some smaller ideas (dying with savings represents hours/years of having worked "for free", etc) are interested. There's a small amount of back-of-envelope financial projections that I think are not very good and detract from the book overall, but it's still a worthwhile read.
Bill is a brilliant natural gas trader. High stakes poker personality The book is a bit rambling. A little fluffy. I think the target audience is for people that have reached financial freedom
