Perkins: ‘How to plan your lifetime spending and get the most out of your money’
Thinking about the end of your life isn’t the most fun daydream. But this professional poker player says you should plan out your life to make the most of your health, money and time. Bill Perkins uses calculations and statistics to make poker decisions. And he also uses data for time bucketing. He organizes the arc of his life into intervals of time. This is a key strategy in his book Die With Zero: Getting All You Can From Your Money and Your Life. Instead of ignoring the end of life, Perkins uses it to backtrack and make sure there will be no untapped resources. He chats with Bold TV and C-Suite about playing your cards right. Have you heard of an actuarial table? It sounds like something from impossible stats homework. But it’s basically a life timeline. Life insurance companies use actuarial tables to figure out certain probabilities in your life, such as sickness. But those companies aren’t the only people who can use that information. You can forecast your life to make sure you make the most of your resources at the right times. First, figure out your actuarial table using online resources. Then, look at your life in phases using time bucketing. Lastly, decide which life experiences you want in each phase. Check it out on Bold TV and C-Suite.
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