THE FINANCIAL COMMUTE
Hosted by Wealth Advisor Chris Galeski, THE FINANCIAL COMMUTE is a weekly podcast that gives the rundown on what's going on in the current market, how it affects you, and what you can do about it – all designed to fit into your commute. Each week Chris welcomes an expert guest, including Morton Wealth advisors, fund managers, and investment analysts, to break down complex financial topics. Our goal for this podcast is to provide you with the tools to help you navigate this challenging environment, leading to a path of more confident investing.
THE FINANCIAL COMMUTE
What Financial Advisors Think About "Die with Zero"
On this week's episode of THE FINANCIAL COMMUTE, Chris and Kevin discuss a book they recently enjoyed, Die with Zero by Bill Perkins. Are most of us over-saving and under-living?
Here are some key takeaways from their conversation:
- Bill Perkins argues that most people die with too much money. He says wealth should be used to create meaningful experiences while we're healthy enough to enjoy them.
- Kevin notes that life is made of seasons — in youth, you have time, energy, and health. Optimal planning aligns spending with life stages to maximize fulfillment.
- Instead of waiting to pass on wealth after death, giving earlier can be more impactful — for kids, grandkids, or charities — while you're still around to see the results.
- Chris and Kevin agree it is important to prepare for the future and make wise financial choices while spending with purpose on things that bring the most value and joy.
- The book gives a new perspective to the FIRE movement (Financial Independence, Retire Early) and questions delaying enjoyment for a future that may never arrive or be as fulfilling.