1588: Leave an Inheritance or Die with Zero?

In his book, Die with Zero, Bill Perkins challenges the notion of passing down your wealth. In fact, during a health screening, his doctor asked in the evaluation about financial stress: “Do you have fears of running out of money?” Bill said, “I hope I run out of money!” We discuss the merits of spending more money in your living years, how to calculate getting to “enough” net worth and balancing taking care of children and dependents with the notion of dying with zero. Bill is the CEO of BrisaMax Holdings. After training on Wall Street, he made his fortune in Houston as an energy trader. He has been Reuters, Financial Times, TIME magazine, Cigar Aficionado, BusinessInsider, and appears frequently on CNBC. This episode originally aired August 3, 2020.