For most people, the optimal net worth peak occurs at some point between the ages of 45 and 60.Once you’ve finally determined your net worth peak, you must start spending down, or decumulating.This means you will be spending more in your real golden years, when you are in reasonably good shape in both health and wealth—between 45 and 60—than people usually do.

Know when to stop growing your wealth

When you’re young, every risk you take can pay off in a big way if you succeed: Your upside is huge.Bet when you have nothing (or little) to loseWhen you’re older, some risks become more foolish than bold.

Take your biggest risks when you have little to lose.

Everyone’s health generally declines with time, and sooner or later we all die.Maximize your fulfillment from experiences by planning how you will spend your time and money to achieve the biggest peaks you can with the resources you have.To get the most out of your time and money, timing matters, do it at the right age.

Maximize your positive life experiences

If you spend hours and hours of your life acquiring money and then die without spending all of that money, then you’ve needlessly wasted too many precious hours of your life.If you die with $1 million left, that’s $1 million of experiences you didn’t have.

Aim to die with zero

That way, you’ve already separated out their money from your money, which is what you must spend down to zero.Whatever you give your heirs past their optimal age of receiving has less value to them.(26-to-35 age range)Spend your money while you’re alive—whether it’s on yourself, your loved ones, or charity.

Give money to your children or to charity when it has the most impact

Strike the right balance between spending on the present (and only on what you value) and saving smartly for the future.People who spend money on time-saving purchases experience greater life satisfaction, regardless of their income.If you pay to get out of doing tasks you don’t enjoy, you are simultaneously reducing the number of negative life experiences and increasing the number of positive life experiences.

Don’t live your life on autopilot

We all die a multitude of deaths throughout our lives.Draw a timeline of your life from now to the grave, then divide it into intervals of five or ten years.Each of those intervals — from age 30 to 40, or from 70 to 75 — is a time bucket, which is just a random grouping of years.Then think about what key experiences — activities or events — you definitely want to have during your lifetime.

Think of your life as distinct seasons

When you’re young, healthy, and unjaded, you can get a huge amount of enjoyment even from experiences that don’t cost a lot.Buying an experience doesn’t just buy you the experience itself — it also buys you the sum of all the dividends that experience will bring for the rest of your life. (Memory Dividend)

Start investing in experiences early

People avoid the subject of death, they behave as if it’s never coming, and too many don’t plan for it.Death and deterioration are real for everyone, so the date of your death in the future should affect what your behavior is now.If you’re nervous about someday running out of money before you die, then spend some time looking at annuities as a possible solution.

Use all available tools to help you die with zero

9 amazing lessons from "Die with Zero" by Bill Perkins

A Common-Sense Guide to Living Rich....Instead of Dying Rich Imagine if by the time you died, you did everything you were told to. You worked hard, saved your money, and looked forward to financial freedom when you retired. The only thing you wasted along the way was...your life. Die with Zero presents a startling new and provocative philosophy as well as practical guide on how to get the most out of your money--and out of your life. It's intended for those who place lifelong memorable experiences far ahead of simply making and accumulating money for one's so-called Golden Years. In short, Bill Perkins wants to rescue you from over-saving and under-living. Regardless of your age,Die with Zero will teach you Perkins' plan for optimizing your life, stage by stage, so you're fully engaged and enjoying what you've worked and saved for. You'll discover how to maximize your lifetime memorable moments with "experience bucketing," how to convert your earnings into priceless memories by following your "net worth curve," and find out how to navigate whether to invest in, or delay, a meaningful adventure based on your "spend curve" and "personal interest rate." Using his own life experiences as well as the inspiring stories and cautionary tales of others--and drawing on eye-opening insights about time, money, and happiness from psychological science and behavioral finance --Perkins makes a timely, convincing, and contrarian case for living large.

Take your biggest risks when you have little to lose.

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