Book quiz
Die with Zero: Getting All You Can from Your Money and Your Life Quiz
Die with Zero: Getting All You Can from Your Money and Your LifeBill PerkinsWe are taught to work and save now, and live later. Trader Bill Perkins believes many people die with money they never got to turn into life. His book is about why experiences have their own age, how memories pay you back, and when it is time to stop saving.
Question 1 of 5
Why, according to Perkins, is putting off an experience not free?
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Right answer: Some experiences disappear for good with age
Money can be earned later, but the time for some experiences runs out. At thirty Perkins was already too old for youth hostels.
Question 2 of 5
A trip with friends is possible now or in ten years. Why does Perkins vote for "now"?
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Right answer: The memories will bring joy for longer
An experience works like a dividend: you tell stories about it and recall it for years. The earlier it happens, the longer the payouts last.
Question 3 of 5
You're in your early twenties, and your income will soon grow. What would Perkins say about saving hard now?
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Right answer: It cuts a modest present for the sake of a rich future
Income early in a career will grow, and a sum saved now will add almost nothing later. Money can be earned later, but time can't be returned.
Question 4 of 5
Why does Perkins advise setting a target date rather than a target sum?
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Right answer: Once you reach the sum, you want even more
Peak wealth is the year after which savings start being spent. A sum is treacherous: having reached two million, a person wants to stretch to three.
Question 5 of 5
Why does Perkins advise helping children with money while alive, not through a will?
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Right answer: An inheritance often comes when it changes little
People most often inherit at around sixty. It's better to help while the children's big decisions are still ahead: a home, a family, a business.
Want all of the book's key ideas? Read or listen to its retelling in Livria.