Metadata
- Author: Ali Abdaal
- Full Title: Dying With $0 - [email protected] - Gmail
- Category:
- URL: https://mail.google.com/mail/u/1/#inbox/FMfcgzGllCbFZMCNgnnpsCvdgNxhTBCM
Highlights
Bill reckons that most of us stay in Ant Mode for way too long, optimising our lives for work+saving money even once we’re financially secure - either because it feels safer or because we feel it’s ‘the right thing to do’. But Bill argues that the minute we’re financially secure, we should start focusing on our quality of life, not our bank balance.
The point of life is to accumulate fulfilling experiences. In an ideal world, we’d simply trade our life energy for fulfilling experiences. That’d be sick. In the real world though, we have the intermediary of needing to make money to survive, and then have those experiences. So we have to trade our life energy - in the form of work - for money.
But it’s a ridiculous notion that we should donate money to our kids on our deathbeds. That’d make the average age of inheritance 60, and when you’re 60, a big windfall isn’t that helpful. But when you’re 25-35, that big windfall is ridiculously helpful. So give money to your kids while you’re still alive.