Die With Zero Review: A FIRE Journey Reboot

Recently, I read a book called Die With Zero and it has changed my views on family financial independence.
In this Die With Zero review, I share what Die With Zero is all about and my takeaways from this book that is making me rethink our FIRE journey.
CHAPTERS
0:00 Intro
2:47 What is "Die With Zero"?
6:12 No Inheritance? Really? What about the kids?
7:01 Key Takeaways From Die With Zero
#FIREMovement #DieWithZero #FIREJourney #FinancialIndependenceRetireEarly #DebtFreeCommunity #PersonalFinance
EPISODE RESOURCES
Die With Zero (Book): amzn.to/3wQaqte (affiliate link)
Like the Video? Cheers Me a Cheap Bottle of Wine! www.marriagekidsandmoney.com/wine
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This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice.
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[@MarriageKidsandMoney]

Check out Bill Perkin's "Die With Zero": amzn.to/3wQaqte (affiliate link)

[@TamralynnIRL]

Watching my father and a close friend of ours pass away at a young age, I have realized that experiences and memories need to be made now. Still plan for the future but also plan like there is no future. Make those memories now.

[@MarriageKidsandMoney]

Couldn't agree more... these past few years are a reminder that life is precious and we don't know how long we'll be here.

[@Lars71dk]

Thanks, great to the point review. Lots of useful thoughts and ideas here. In my opinion, kids have to grow up and learn themselves to make the money they need, find their way. Just as I did. It gives a tremendous joy and satisfaction to do that. So, I like #4 of giving experiences rather that real estate or a huge sum of money.

[@MarriageKidsandMoney]

Thank you so much for watching! Yes, we're planning on life experiences with our kids and showing them how to make their own money.

[@ErikStenbakken]

100% spot on summary. 🔥 I just finished this and it hit me like a brick wall. I am not a “two marshmallow” person. I am a 100 marshmallow person: Delaying gratification far too long far too often. This was just the wake up call I needed. And you were absolutely right about who this book is for and who it is not. I highly recommend it if you fall into the “this book is for you“ camp as he says and are a compulsive saver and deferring everything till later. Later isn’t so guaranteed.

[@MarriageKidsandMoney]

It took me a long time to realize the impact of your last sentence … after having important people close to me die way too early, it’s all too real. We just have to strike that balance of financial security and simply enjoying your life NOW.

[@WilliamMartinez-vq2bn]

This book helped me decide to retire at 62,,,,I have delayed gratification to long

[@MarriageKidsandMoney]

Good for you! I love hearing this. Life is for living. I don't want to die with a dime.

[@wildfoodietours]

I never thought of "Die with Zero" as being directed towards super savers, but it now makes sense. Thank you for giving me a fresh, different perspective.

[@MarriageKidsandMoney]

Glad you enjoyed the video! And yes, it was eye opening for me too.

[@EllieofAzeroth]

I really like that you answer specific questions. When I look up a specific finance topic, usually you come up close to the top which of course gets a click because you're familiar and your content is great. Thanks for the video!

[@MarriageKidsandMoney]

I'm glad to hear that the search engines are finding my videos and they are helpful to you!

[@Hero-jb2dp]

Read this book early this year and felt the same thing. Coming from DR group then learning about FIRE , I thought I am doing everything right about work life balance and financial goals until I read this book. It switches everything for me and my wife and focused to life experience and memories with our kids and family. Thanks to Travel Hacking we are still able to continue our financial goals while creating memories and experience along the way.

[@MarriageKidsandMoney]

Such a good insight!! The key bridge here is traveling smart. We need to up our travel hacking game for sure.

[@mlbmachine99]

Great summary Andy. Thanks for producing this.

[@MarriageKidsandMoney]

Glad you enjoyed it!

[@oellasawandtool]

Great video Started Reading Perkins book a few days ago. Thanks for your summary and synopsis Trying to figure it out my issues. Workaholic since 17 yrs of age By the way that cool clip on skiing. That didnt look like Aspen. But it got the point across. Perkins must be a skier as he mentions it often. Anyway good luck on your journey with the balance of wealth health and time.

[@MarriageKidsandMoney]

I'm glad you enjoyed the video summary. Yes, I think he does like skiing! I did another interview with a recovering workaholic and it was very impactful for me: kzbin.info/www/bejne/iqXOh5xug5uYZposi=elN0c5LyKujRlFzm

[@JasonBrownYourMarginMatters]

Coincidentally, I recently added this book to my Amazon wish list. Thanks for the great review Andy. I definitely look forward to reading this book now to be enlightened by some different perspectives.

[@MarriageKidsandMoney]

So glad you enjoyed the review! Hope I didn’t give too much away!

[@samr8603]

Great video - love the book and has changed my life. I am now a new subscriber. 🙂

[@MarriageKidsandMoney]

So glad to hear this! Life is for living!

[@SeanMullaneyVideos]

Great video, Andy. I think too much financial planning (DIY or with advisors) assumes you will live to age 90. There are some good reasons for that (in part, being conservative can be beneficial). But, sadly, not everyone is getting to age 90. Another thought: many retirees will become wealthier, not poorer, during their retirement. That is not a bad thing, but it does require at least some thinking and adjusting. Things like creating memories absolutely should become a priority at that point.

[@MarriageKidsandMoney]

Your point on getting wealthier in retirement is a good one to think about. I plan to “retire” at 59.5, but I’ll probably work in some capacity.

[@SeanMullaneyVideos]

@@MarriageKidsandMoney Part-time work in retirement can be a driver of increasing, rather than decreasing, wealth in retirement. So too can Social Security payments and asset appreciation.

[@frugalnfine]

It’s on my audiobook list to get from the library!

[@MarriageKidsandMoney]

Worth it! It definitely had me thinking a lot

[@Matthew-ym2bb]

You summed up the important points in the book well. Nice "Cliffs Notes" version for people who haven't read the book. Probably don't even need to if you re-watch this a few times.

[@MarriageKidsandMoney]

Thanks Matthew!

[@AVeryMerryMeridian]

I'm not convinced we are not the same person(Dave Ramsey baby step #7..EDM ..borderline Coast Fire-ish now at 34)...very similar journey and I had very similar reaction to Die with Zero. I enjoyed it and helped change my mindset on things. Great Feedback!

[@MarriageKidsandMoney]

We’re financial twins!

[@mikeh2008]

Very interesting. I would be excited to read to see what is says about medical cost post retirement, or what can you give away when you have poor health. Don't want to be knocking on the door or your kids house that you help them buy because you can not afford care now. assisted living is not cheap.

[@traceysherman-falcon9658]

Exactly! My mother had no savings, when her boyfriend died he left her some money. Shortly after his death she had to go to a memory care facility that cost $6000 a month, which is cheap by industry standards. Thankful for his inheritance that paid for her care until her death. YOLO sounds great until you have to live in assisted living and have no money for high quality care. I will happily leave all my money to organizations I am passionate about if it doesn’t get used while I’m alive.

[@MarriageKidsandMoney]

Great point Mike. From what I read, he was a fan of looking into long term care insurance before age 65.

[@traceysherman-falcon9658]

I haven’t read the book, but as I commented on Mike’s comment, I worry about long term care. It’s a reality and it’s not cheap. I DO NOT want to stay in a Medicaid facility! I’m saving for the worse case scenario and will happily give any left after my demise to organizations I am passionate about. I’m sure your kids will thank you too if they aren’t put in a bind to pay $6-12K a month for your care.

[@MarriageKidsandMoney]

I appreciate this perspective Tracey. Our experiences definitely shape our opinions about “the right financial path”.

[@EllieofAzeroth]

I totally agree that this is a major concern I have with this book's advice too. It doesn't really account for those last years of needing a lot of medical assistance

[@MrEscape314]

Yea I have read the book and it discusses getting long term care insurance and possibly an annuity. Share the risk with an insurance company. Perkins knows no one will die with exactly zero, but says that if you die with more than that it's a wasted opportunity.

[@kay203]

I'm through Ch 6 now - agree to an extent to Bill about his philosophy. Definitely a book for financial mutant/misers, not ppl who debt problems. For Ramsey, until you are at step 5, I wouldn't even consider this book. When you hit ~15% of money going into retirement & out of debt, I think you can start enjoying a bit more

[@MarriageKidsandMoney]

Fully agree with your sentiment here.

[@kristelwalton3141]

Nice

[@MarriageKidsandMoney]

Thanks for watching!

[@jefesalsero]

So many people are conditioned to take delayed gratification to the extreme, that someone needed to write a book to remind them to enjoy life in the present.

[@joseromero81]

There's an older book with a similar concept called Die Broke.

[@MarriageKidsandMoney]

I’ll have to check that one out too!

[@joseromero81]

@@MarriageKidsandMoney it’s actually more practical. Talks about actual financial planning strategies. I don’t agree with everything and may be a bit dated today but a solid book.

[@rda9441]

Interesting concept but it makes sense.

[@MarriageKidsandMoney]

Absolutely. It definitely messed with my brain for quite a while ... in a good way

[@maryannrogers8675]

You really do not know if you’re kids will be financially stable when raised with a “financial education”. You’re hoping they will be but they could end up with a spending mentality and not being fiscally responsible

[@MarriageKidsandMoney]

That is true. That could happen. With their spending mentality, they better have good earning mentality too.

[@kbaughanyoung]

You didn’t read the book, dude. He suggests giving inheritances earlier in life for greater impact. Zero means AFTER inheritances you’ve given while alive. Do your homework

[@MarriageKidsandMoney]

I did read the book, dude :) I hope you have a better day!

[@tvb4227]

I dont like that book. Rich people spend huge amount of money Each year. If you have a brain to make millions then you do not have brain to spend it.??? dafug? A millionaire will spend 100-300k+ a year in average. Yet will keep getting rich. Rich people have huge tax advantage of every activity they do. Yet the book says a wealthy people are workaholic xD Yeah they are Workaholic but they work aint staying in a place doing the same thing. However if a poor person does this rule. He will forever be poor. This book is not for average people but only for rich people. Or trying to manipulate poor people to keep being poor. What disgusting book. If you are not ambition or a person who go with a flow. This book is for you. But if you are ambition and have goals, Disciplined and enjoy small things in life . This is not for you.

[@MarriageKidsandMoney]

I appreciate your perspective here! Yes, the book is definitely for someone who has accumulated wealth but has difficulty taking time away from work to enjoy life. It’s very niche.

[@KayFabe87]

You sound bitter, angry and envious. Not helpful for longevity.

[@tvb4227]

@@KayFabe87 Emotions are cool. Just dont be rude. Lol not really. I would act depending on my mood :P.

[@xborcx]

Watching this video made me feel really nauseous. I think it might be due to the camera movements and flashing lights. Although the content seemed interesting, I had to stop watching it because the discomfort was too much. Maybe next time, consider toning down the visuals for viewers who are sensitive to motion sickness. Just my two cents.

[@MarriageKidsandMoney]

I appreciate the feedback. I'm always looking to improve.