Course correcting while on my solo mountain retreat

The entirety of this post is from reading Die with Zero: Getting All You Can from your Money and Your Life by Bill Perkins

• Too spendy: For much of America, people are living paycheck-to-paycheck and in consumer debt.
• Too savey: On the other end of the spectrum, some are living frugally, staying scrappy, socking away as much as possible and with a delayed gratification mindset.
• This book is for the latter. Big spenders or people with no disposable income can skip.

TLDR:

• We overweight financial investments and underweight investments in experiences.
• Experiences pay us back in dividends, in the form of memories.
• What really matters in life? Relationships with friends and family.
  • Implication - cough up the extra dough to deeply invest in experiences (ideally with those people).
• “Net fulfillment over net worth”
• Disclaimer

What I learned

• Once you get to certain point financially, consider working less and spending more. Get off the treadmill. Get off autopilot.
• Inertia is a powerful force. Work hard + save hard = hard to stop

You are a bad insurance agent

• People act as their own insurance agent. They put it in this big giant fear bucket of an insurance premium, and work and save (and work and save some more), and think that they have to cover all these potential bad things from happening.
• You are not an actuary. So don’t act like one. What does that look like on your deathbed to look back at your attempt at mitigating every and all risk by maximizing your wealth honeypot? Was it worth it? For you trying to play an insurance agent?