I make $100M/year … I’m going to die with $0

What is discussed, and when

1. 0:00 – 5:00: natural gas, Commodities, Oil, High Stak Gambler
2. 10:00 – 15:00: Die With Zero, Your Money or Your Life
3. 15:00 – 20:00: Joe Farrell
4. 25:00 – 30:00: Dan Bilzerian

Notable quotes from "I make $100M/year … I’m going to die with $0"

• High Stak Gambler and millionaire energy Trader last year he made $100 million from Trading natural gas and oil you made 100 million in a year yes but he wasn't always the…

  about natural gas · at 0:06

• Was open outcry and it was like chaos people yelling and screaming it's the buy and sell stocks yeah buy and sell Commodities like oil natural gas heating oil back then natural…

  about Commodities · at 1:42

• That are willing to admit it and I just don't have that as much as everybody else can you share for the people that don't know about die with zero really depends on your…

  about Die With Zero · at 12:21

• This money what was that story cuz you I don't know if I saw it in the book so there's a period in my life I read this book called your money or your life but by is it Robin…

  about Your Money or Your Life · at 13:52

• Like an astronomical amount of money to save you know driving a limo at night whatever and my boss at the time Joe Farrell overheard that and he was like are you a idiot like…

  about Joe Farrell · at 16:00

• That's it I already paid the dues for everybody you know what I mean like just do your best one of the person you're famous like you know who's famous it's pretty popular is…

  about Dan Bilzerian · at 27:59

Who and what is mentioned in this episode?

People

• Dan Bilzerian — Person · Referenced public figure / anecdotal case study · 1 mention · first at 28:03
  Used as an example in a discussion about the tradeoffs of extreme fame—how it amplifies access (especially dating) but reduces freedom and quality of life.
• Joe Farrell — Person · Referenced mentor / former boss · 1 mention · first at 16:05
  Appears in a formative story early in Perkins' career, advising him to stop over-saving and focus on the bigger opportunity (earning millions), influencing Perkins' spending/saving mindset.

Books & papers

• Die With Zero — Book · 1 mention · first at 12:26
• Your Money or Your Life — Book · 1 mention · first at 13:56

Concepts & topics

• natural gas — Concept · 4 mentions · first at 0:10
• Oil — Concept · 1 mention · first at 0:10
  High Stak Gambler and millionaire energy Trader last year he made $100 million from Trading natural gas and oil you made 100 million in a year yes but he wasn't always the…
• Commodities — Concept · 3 mentions · first at 1:20
• High Stak Gambler — Concept · 1 mention · first at 0:03
  What is Bill Perkins secret sauce I think my biggest secret sauce is not giv a that's Bill Perkins bestselling author High Stak Gambler and millionaire energy Trader last year…

Full transcript with timestamps

0:00 what is Bill Perkins secret sauce I think my biggest secret sauce is not giv a that's Bill Perkins bestselling author High Stak Gambler and millionaire energy Trader last year he made $100 million from Trading natural gas and oil you made 100 million in a year yes but he wasn't always the Million dooll Man he is today when you have to like stay at home living in a little room with your mom can't get laid gramping your style this sucks in the real world's hitting you he traded his way to the top by taking some massive risks and we were down like I don't know 50% some ungodly number in this interview I sat down and asked him how making $100 million changed his life I hear it all the time it's like oh you have enough I'm like you don't know what the you talking about call it money Chuck-E-Cheese tokens whatever I I don't give a [ __ ] I care about what choices does this enable me to have what it's like paying taxes

0:45 on $100 million what's been your biggest tax bill 54 million that's a big tax bill yeah it hurts Bill Perkins everybody Bill Perkins is not living the dream Bill Perkins is enjoying the dream the question is whose dream my dream let's dive in for the people that maybe aren't familiar with with you what's like the the 30 seconds who's Bill Perkins I think I'm just a regular person going young life I grew up in Jersey City wanted to be rich because I was very influenced by what was perceived as rich people being able to do which is whatever they wanted you know have nice things Etc and that was marketed to me I work my way through being like a peon screen clerk in Commodities up to a Commodities Trader how how did you get into this career cuz you're the third person that we've interviewed with energy trading yeah and they're all super rich and I have zero idea still what energy trading is we'll

1:30 get to that but how did you get started in this career I really wanted to get into equities but I had like a there's a spot for a screen clerk I didn't know what a screen clerk was and I got introduced to the floor and back then it was open outcry and it was like chaos people yelling and screaming it's the buy and sell stocks yeah yeah buy and sell Commodities like oil natural gas heating oil back then natural gas wasn't even a contract back then my thought being like an arrogant at 20-some was like wow if these idiots can be rich so can I I went from serious super slacker like least likely to succeed to you know turned it on to 100 and learned as much as I could what what changed what what sparked that necessity like when you have to like stay at home and you know living in a little room with your mom can't get laid cramping your style and realizing like this [ __ ] sucks in the real world's hitting you you you have

2:20 two choices you can become a victim or you know turn it on and so how did you grow in your career to get to your first milon was it as this as a Commodities Trader yes so I well I was a screen Clerk and worked my way up learned as much as I could and finally got into a trading position and Traders generally buy and large get up eat what they kill and so that was like oh that's that's that's where I want to be to get a percentage of what you make what was that like for you to get to the first million like you said hey I wanted to be rich I was dreaming of all this stuff how did it feel when you finally got there it was kind of anti-climatic commodity training is a puzzle and I think humans are puzzle solving creatures right we love solving puzzles and this is like a puzzle that's constantly changing and the feedback is fairly instant you know instantly hot stove great trade hot stove you know

3:05 what I mean like the feedback loop is very close to the action with trading and it's complex enough but not intractable and I enjoyed solving that puzzle and I really enjoyed the life that it could potentially afford me when I got the money I had been so conditioned on trying to make it I forgot why I made it you know I became disassociated from the reward right it was all abstract it was just dollars the first time when I made $35,000 a year that was probably the most exciting time in my life in terms of making money I got to like 50 something and then I was like I make more money than my mom I am a badass that felt the best way more than the million way more million 10 million 100 million you know 100 million years are just kind of like oh I made 100 million I'm going to you made 100 million in a year yes all right we'll get we'll get to that story what are you trading what cuz what is happening to

3:57 make this money cuz you're the third person I've been fortunate to meet that's done well we're trading natural gas so I trade natural gas in power betting on whether the price is going up down or the relative spreads are going or how volatile it's going to be same same thing but in commodity space most of the people think like we're competing against each other like other hedge funds we're not all our money is from people that like are actually in the commodity business who don't give a [ __ ] they're like hey I found natural gas and it cost me a125 to make it and it's trading 250 I want to hedge and lock in the money and run I will sell you a strip of natural gas for 2 years for 250 and we're like okay we'll buy it at this price because we think this is a fair price and it'll go up and hedging is where we make the money because the buyer of that let's say a power plant's going to come on and says we need to buy

4:40 gas he's not there at the same time right the people hedging for different reasons are not the same time so somebody needs to Warehouse that risk in the meantime given the information that's going on sometimes we get it wrong we get ran over you know what I mean sometimes we get it right right that's where the money comes from it doesn't come from me being right versus Jaron or Morgan stanle or Etc it comes from people that need to hedge that that like a farmer I'm going to plant this crop the crop's going to come out next year and I need this price to make money somebody has to come in and speculate and say I'll buy at this price I think it's going to be higher that's where the money is made well if someone was young and they're just getting started or even old and they're like hey I want to make a million dollars maybe in this energy trading what would you what would you recommend for them to go do wow it's

5:21 really hard I would recommend them go to a place to learn um usually the banks or some sort of internship where they can actually learn and there that's where you can cut your chops you know work your way up to being an analyst and then seeing if I want to be a Trader but not everybody can be a Trader doesn't matter how bright you are or how smart you are there's a certain level of stoicism you have to have and you know I've said this before I don't know if you heard it like most people require five to seven positive events to make up for one negative event if you're the best Trader in the world like God mode you're what 6040 and so there's are very few select people who can handle that the emotional math is I need five days or seven days of good days for one it just doesn't work right so then your prefrontal cortex and that stress and that cortisone stops the work and you you just break down it's not worth it to you

6:08 who can handle that many bad days and still function properly how did you practice that skill I think it can be learned but I think some of it is just innate I I don't know how you get it innately but I think certain people do practice it right they have like they read all the stoics and they they meditate and they do everything but there are certain people are just like it is what it is is what were some of the Wilder stories on the the the big wins or big losses in your trading we had a huge draw down one of the things I told my investors they were worried because they see my lifestyle they're like oh you're going to quit right we're going to give you a bunch of money and we're going to invest in you and then you're going to quit in two years or 3 years and I told them I won't quit you until you quit me and we were down like I don't know 50% some some some ungodly number for commodity trading right and I

6:54 thought like these guys are going to pull out the money we're going to be done and it takes a certain amount of capital just to run the fund just for expenses and my CFO was like you should shut down the fund we should fire these people you should just trade your own money whatever and I was like nope I'm going to chop wood and my investor said they're not going to quit me until I quit them I'm not quitting and so chopwood obviously made like 200 or something per the next you know very quickly and and and came back and made the money in in the rest his history I think a lot of people were like really depressed and distru and I was just like this is what we do if you're a boxer you're going to get knocked down you're going to get punched in the face right if you're an insurance agent the storm will come there will be the bad time right like the plane will crash into the whatever it is right it's going to

7:43 happen and that's the game we're in and so if you can't handle that you you shouldn't be in the field what's it like to make an $100 million a year I don't want to work for nothing so $100 million is who gives a [ __ ] what I care about is what experiences and choices is it going to allow me to have when I like time bucket out my life and the things I want to do it's like okay I want to have another kid I want I like riding trains I want to be able to ride trains I want to move from here to here what does this cost Etc so and one of the things that I I would want to have that I don't have that the money would now afford me so I think of those things call it money Chuck-E-Cheese tokens whatever I I don't give a [ __ ] I care about what choices does this enable me to have so when you make the money whatever is if it's $5 or 100 million or $55 million I'm like what is that associated with I hear it all

8:34 the time it's like oh you have enough I'm like you don't know what the you talking about because you don't know you you have no clue I can name like probably 10 events and I'm not going to do it because I don't want to be ostentatious about it but as you make more money you get exposed to more things like just people that have never been to a concert can't afford a concert a lot of people have never flown out of the country they don't know but until you do it then this whole world opens up and you're like oh chi-ching this is the price tag how much is enough for you I haven't really calculated number I think I am actually at that point can you share what the number is or around nah but it's it's a I I think I'm close to the point where I am purposely identifying a thing like what am I risking what I have to get more of what I don't have you know what I mean like why am I risking this my my time right

9:20 my time and my money why am I risking this like if I'm risking this there's got to be a reward right so I'm risking my time and my money to get what and so I identify the what I like renting a yacht in the summer I like probably I'm 55 say I make it to 86 31 years probably 20 years of that 20 times The Yacht Rental plus the wink plus the APA I'd like that money that's not cheap so so I can attach it though right like even if it's not cheap like I can attach it to like this is what I'm working for what's been your biggest tax bill 54 million yeah it hurts that's a big tax bill I mean it also means you me a lot of money but it's also you know it's a lot going to the government it is most angering I guess to everybody it doesn't really matter when you see how that capital is allocated like you realize that obviously when you're shipping your money off to a government entity that you're not going to agree with

10:07 everything wh what is Bill Perkins Secret Sauce because a lot of people can watch this and I would say like hey I'm going to be in Trader I'm going to go join a firm and I'm going to work my house off it's not like a lot of people it like I guess the secret sauce is enrolling people in my vision and getting way badasses to be on my Vision on the team and then execute most of the time I'm trying to fire myself except where I'm the tip of the spear so in trading with my book I'm the tip of the spear I have to use my own neurons Etc but at the end of the day I know I'm not the best person for whatever it is my job is to like protect the vision and hire other people to execute the vision and so delegation giving a PE people you know risking my capital in my time getting them on Mission and letting them run the show is like like my superpower there's a millionaire for every field doesn't matter if it's like sweatpants

10:56 sneakers shoe lastings food food television media it doesn't matter podcasting like doesn't matter there's a millionaire in every single field if you want to be Pizza Hut you can't be the guy making the pizzas and delivering the pizzas right you have to delegate and you have to think strategically and then you got to hire somebody else to run that and then pick the next location and that and then that and then you're the guy who runs the vision but you're probably not the best guy at all and I have a lot of people like well I started this and I built this they're attached to it I'm just like okay you'll always be a mom and pop and when somebody puts a bullet in your head your business dies but I can kill the whole Executive Suite of IBM and it'll still keep going my thing is is like I put people who are better than me in positions to do whatever it is the thing is like I'm constantly I love to fire myself and

11:44 then it's just a machine most people don't try not because they can't handle the Financial Risk it's because they can't handle the emotional shame of their friends and the ridicule if they fail right well if I fail then I'll be here whatever like who cares you can get a job as a a waiter and makes 50 70 grand a year on tips right like you got the skills you got subject verb agreement I'm sure you could be a waiter but their ego won't let them be a waiter or a garbage person or whatever right and they're worried about oh see you went and you started and you failed and your friends your mom said you shouldn't to do it or whatever but I don't care that paralyzes so many more people than that that are willing to admit it and I just don't have that as much as everybody else can you share for the people that don't know about die with zero really depends on your audience like it's a counterfactual regret

12:31 minimization algorithm solving for net fulfillment that's a programmer version yeah that's a programmer version what this book is is basically giving you the mental models okay to solve for net fulfillment there's a lot of books like how to get rich and how to be wealthy right like you have a million dollar weekend million dollar weekend a lot of podcasts whatever they're out there they're great so takes your wealth that's one variable it takes your health there's a lot of books on health and podcast and everything on health and then your time those are the three variables right because you're a human being uh there's two things that are given you will you will eventually die and you will Decay and so given those three variables how do we use those resources throughout our life from wherever we are to maximize for NE fulfillment how do we allocate those resources throughout your life so that

13:18 we can have the most fulfilling life possible the assumption is is that the purpose of life is to be fulfilled I'm value agnostic I'm not like to be fulfilled you should you know hike to Himalayas and pray to the Buddha or be a Muslim or I don't care what your values are right your values could be strip clubs it could be Checkers I'm saying basically giving those variables how do we think about each phase of our life each day of our life and how do we allocate these re resources throughout the life to have the most fulfilling life possible because you only get one ride and that's what the book is about in the book you actually say there's a moment that changed your life where you started thinking about spending more of this money what was that story cuz you I don't know if I saw it in the book so there's a period in my life I read this book called your money or your life but by is it Robin and Dominguez or whatever

14:01 it's in the top 100 books almost every year and it it is the the it is the book that launched the fire movement have you ever heard of the fire movement uh Financial Independence retire early that's kind of like their Bible so I read this book and and the book basically has you go through this exercise where you take in all the money you get net after taxes right and then it now has you calculate all the time you spend to get that money so that's the commute to work you know going to work the hours you work the commute back right and any kind of if it's decompression time or whatever that's fine dressing whatever all the cost of going to work the cost of transporting work the costume you have to wear if you have to wear a suit or whatever and then once you have all that time and versus your net you divide it you find out what your true hourly an hour of your time is worth because that's what you're willing

14:55 to spend your time for right so you whatever let's say it's like five bucks an hour at the time for me or whatever seven bucks an hour and so it's very dactic and it's very painful but then after you've done that for a week each penny right instead of looking at like you know I'm going to the movies right and it cost me you know $7 to go to movies or $5 to movies at the time you would say it's going to take an hour of my life I'm going to give up an hour of my life to go see this movie I'm going to buy this shirt it's going to take 3 hours of my life and so it's really eye opening like it's like you're like after you've done that for a while like when you start thinking of everything in time that's 20 minutes that's 5 minutes the sandwich is this right like it's like you're in The Matrix you're like holy [ __ ] you start to get in touch with your values because sometimes you say things you're like I'm not going to give up 3

15:41 hours of my life for this thing uh so I became pretty Frugal like a master saver buying you know what I mean like not doing time Etc and I was working on the exchange floor in a business where you're trying to get rich and I was talking to a friend at work uh about like how I had saved $11,000 which was like an astronomical amount of money to save you know driving a limo at night whatever and my boss at the time Joe Farrell overheard that and he was like are you a idiot like what are you doing saving that money he's like you think you came here to make $1,000 $2,000 he's like go spend that money have fun he's like you came here to make millions you know he was just like leaned into me why is my poor ass broke self saving money to give it to my future Rich self right this guy right here right not that I knew I was going to be successful on commodity trading but I was working at a job at a lower salary for the

16:35 opportunity anyway like I could have went and waited tables and made more money like I I was like he's right and so I kind of ping ponged from being Frugal to spending money like water right like I I went on one autopilot to autopilot saving money to autopilot spending money right like just going absolutely nut like didn't matter how much money I made I was spent every last penny of it right and that's not the way to be either but that was kind of like the first like Snap into it right if I don't want to spend hours of my life and give up hours of my life for money and not spend it that would be dumb like actually give up hours of my life and not spend it so I have to spend it down before I die right and so I thought I started thinking a lot about like when is Max spend when when how does the spend curve look Etc main thing is like getting off autopilot like spend spend spend spend or save save safe safe right

17:27 like it's like okay how what real framework right what's an algorithm I can have I actually wanted to build a computer program to tell me so I wouldn't have to think like I told you I'm lazy as so I was like I wanted to get like these programmers to get together and I could just be like you haven't spent enough money here's activities that you should be doing that you love whatever like literally like the chat and tell me you know so I can have the most fulfilling life what would you recommend for someone who's making 50k which is a lot of the people out there today you know they're not at these you know crazy numbers yeah cuz it's not about it's not about crazy numbers it's about choices one of the things that I don't do is like I don't watch TV unless unless my wife wants to watch a series and we're spending time together and that you know we're bonding and I will not watch TV I can watch

18:10 every single show that ever existed when I'm 90 in in Old Folk's home eating tapioca pudding right now I'm going to go hiking I'm going to go biking or whatever there's no money right it's just optimizing my time here on planet Earth right because if you do it wrong if you're like I watch Friends all this time and all this TV and now I'm going to do the hell skiing or whatever but I can't cuz my back hurts or I don't have the lung capacity you missed out the person at 50k still gets the diet with zero philosophy it's not about having a bunch of money it's about having the mental framework to get the maximum fulfillment at any wealth level I've said it before you might have heard me say life is like Tetris if you don't get the order right you don't get the high score and so like you're married and you're having two kids you're going to the strip club days where earlier you know what I mean this is not go to strip

18:58 club it's really about thinking about the Arc of your life what resources you have your wealth health and time and how do I make these decisions that's what the book is about right like people say oh this is for rich people no it's not it's for every human being alive that wants to have the most fulfilling life I love that you made me think about my brother where I don't think he likes he's a doctor he doesn't care for patients he doesn't like his job and I think he's slowly pulling back from working and trying to find the balance of getting off autopilot and living not just like okay got to work and then hopefully one day I'm going to enjoy it and so I think your book in this message is like let's find that right balance where you're not wasting these working hours where you can have enjoyment hours especially based on where your health is what happens to people who have been like going in doing the routine going to work

19:43 for years they've been doing it for 15 10 20 years they forgot what it's like to be in the gym of Life they don't know how to meet their neighbors and go to dinner they don't even know how to pick a restaurant that's not on a route to work they don't know how to travel they don't know they forgot all the things that they really loved and even the things that they think they love they don't know how to do it they don't even have the taste for it anymore and so what I tell them is is like don't give up it just takes time for you to ref familiarize yourself with life like life has been passing you by and those muscles have been atrophying that's what happens when people like oh I retire what am I'm going to do I'm like are youing kidding me of the infinite gajillion things you can do in life you're just like what am I going to do then what am I going to do norons have even decayed right this is not you live

20:27 my life like I am like the worst role model there ever was like I've made so many goddamn mistakes like the reason why I know [ __ ] is because I made enough mistakes to like that [ __ ] don't work I got divorced gone broke I've been angry I've been not forgiving people I've done a lot of things like I've done a lot of things that are like not good I'm not the role model right I was curious advice for marriage cuz you said you were divorced and you had a regret wow there's so many pieces of advice people and they're so much better than me but I think one of the things is like forgiveness is like the he's so huge and you have to forgive yourself and then two a lot of people have the belief that you discover the person you find the right person I think that's actually [ __ ] I think you actually build you find somebody you can build with and you keep building that person's going to change the [ __ ] pipe's going to break

21:14 whatever it's always maintenance and it's always work and so if you're always working you can always be in Integrity then you can always build and so you build a life in that partnership you don't find somebody it's like I got the person and now I don't love them anymore or what you don't find that's Hollywood [ __ ] you find somebody that's compatible with a builder they commit to building and you build a life together and you're always building forever do you regret divorce it's weird because it's like it's one of those questions it's like would you change who you know I mean if I if I don't get divorced now like I don't have this life or whatever I regret who I was and I regret the mistakes of not doing my bests I regret when I don't do my bests you don't regret working too much or yeah there's times I definitely regret working too much and that's just me being on autopilot and not thinking

22:01 about wait that [ __ ] go hang out with your kids and read another story if I was thinking if I was like really thinking about it not just in the moment in that time but the total Arc of my life right and their life and how everything fits together you know like I I no this people is like oh never have any regrets I'm like I I I regret when I don't do my best how do you like to enjoy your money like the resources and things you've done like what have been some of the experiences that you're like I mean most of it is like I think travel is like if you said like what is like like kind of like your thing like I like challenging my world view and going traveling and meeting people and seeing different places how people live they have a whole different way of life whole different way of thinking things whole different way of eating like the foods I like are the things that have been inculcated to like like I don't eat

22:44 fried crickets and [ __ ] that repulses me because I didn't grow up eating fried crickets right like so you I love realizing like oh wow I've been TR a lot of the things that I think like I love this I've been trained to love and I love doing that with friends and and and and family you know if you said my best purchases has been boats like that boat holds 16 people we hang out we turn on music everybody's learning something that keeps you in a zone of learning so you don't stay in a Land of frustration too long and it doesn't get bored because you can always learn something so you're always in the zone of learning and you're doing that with friends and you're creating memories and you get to talk about that later you're bonding and meeting new people so I love things like that that that's what you know turns me on fulfills my life how else have you enjoyed the money cuz I can't we came

23:28 here to your property you have like there's a full-time security guard there's like Two Chefs you were telling me on the phone earlier you have a driver see like there's like some kind of cool ways that you've optimized around that too yeah at first I didn't I didn't want a a driver I thought it was like very onti and [ __ ] like who the gets a driver but I was talking to my friend sanay and we were we were like we were talking about longevity we're actually talking about health and he said one of the lowest hanging fruits you can do now as a wealthy person was to get a driver and the reason why is a driver is not distracted they're not on the phone you're not on the phone you can tell them never go more than 5 miles over the speed limit Etc and they're on 10 and two and then you actually change the odds to equivalent or less than flying deaths that is a life hack in terms of my longevity on top of that I

24:15 get the productivity back because when you're driving you know 20 minutes here 20 minutes an hour of my life gone that I could be watching a podcast like yours and learning about something or or or reading or working or trading or whatever you know those three variables your wealth your health and your time nothing's more important than your health it affects everything like if your knees areed up and you have knee problems cuz you were 40 lbs overweight for too long or whatever and you go to Paris and it's a great walking City and you can't walk around you just got like one 100th of Paris right and so your fulfillment score from God's view right from the simulat like went way the down right one of the things that I don't have to think right like I don't have to waste the neurons is is like my protein fats and carbs intake they know it when I go to a restaurant they tell me what to order so it's not like a lot of

25:02 people like oh you have a chef to be a fancy it's like no I just want to be a healthy and living and I'm just lazy what other what other things like there is convenience factor out of it's great like hey you know $40 an hour people doing $10 an hour work and I'm just like what the are you doing dude do you know how much your neurons in your body can produce with that time and you're doing 10 like first of all give somebody else a job get the velocity of money going right and then free up your time to pursue your other dreams or your other other habits whatever the dream of your life is I have people who ideate like where to go I'm going to introduce a random number generator for where to go you're like why am I you just I'm waiting I'm waiting for the idea okay right so so if I do the things that I'm going to travel like if I'm like hey I'm going to go to Vietnam cuz I do want to go to Vietnam if I want to go here I'm

25:57 already doing something cookie cutter brought on to me by the culture it's quasi original but if I have a random number Joiner that says no you're going to Kazakhstan cuz it just picked Kazakhstan then I'm actually going to do something unique and I'm going to explore something and not just an extension of that and so that's the random number generator to get me out of my own version of cookie cutter right what are you teaching your kids about money and the value of time like the money and and values what are you teaching your daughters hardest thing I have teaching is my kids because they see the end result and they don't get to see the tire process so I try and show them the process to get there but really I try and teach them about happiness like how to navigate the world to choose the life they want I want them to understand Net Present Value and future value right like these are things like I

26:49 think every single human being on the planet should understand very well and that's something that like you have to like give many examples so you know it's like oh if you you can use it in a health example it's like if you just eat 200 calories extra a day like one cookie or one snack those bags or whatever you'll be 36 to 40 pounds of weight in two years right you save and you know there's tons of you put in $200 a day you'll have this at 65 like yeah I'm like great thanks I'm not trying to have a party at 65 trying to have a party now what what values do you want them to have I mean I it's like it's just repetitive like I I realize like a lot of things that my parents taught me like it didn't sink in until later you know it's just kind of like I just want them to be kind compassionate intelligent kids that can navigate the world if they can be that then whatever CH whatever they choose is what they choose so you

27:39 know one of the things I've been telling my my youngest daughter and I tell other daughters I'm like listen you don't have to be anything not a thing I just want you to do your best and some days your best might be like you're a superstar you're like LeBron James and everything and sometimes your best might be like oh my gosh it's enough but as long as you know you're doing your best that's it I already paid the dues for everybody you know what I mean like just do your best one of the person you're famous like you know who's famous it's pretty popular is danian with Dan is there any story you can share because I think in your book you had a little bit but you didn't call him out and I know I've seen some photos so I was curious like what what stories or experience it seems like he it seems at least from the outside image they're some wild experiences I mean Dan is Dan like he's not he's not really it is a snapshot of

28:28 who he is but it is an authentic snapshot he it's it's him he's pretty like outspoken and he had this whole hedonistic streak that basically has made him miserable about that you know because like the whole the whole thing was like what gets you women more fame or money we knew it was Fame but the experiment was was how much more powerful is Fame than money and it's not 10x or 20x what we thought it's like 100x or a,x and so that was the experiment and then I was just like put the breakes that's why when you were like hey can I interview you we can this will be a great Doc and we I was like no I don't want to be the guy like you don't understand I don't want to be more famous I don't want whatever because it's like I'm trying to live like I wrote the book for me and I want to be fulfilled and I want to enjoy my life and there's these things I want to do and if you get too famous you cannot do

29:21 them you just cannot and then you're in a bubble and you're always hanging out with the same people and other famous people and you have security guards and you don't get to have like just a normal life like you can't just walk in like these nice little shops in Italy and look at the plates you can't do anything and so that's the story I can to you with Jan is like everywhere we go it's especially outside the country it's a zoo yeah I noticed he hasn't posted I was just curious I know I was seeing you and I know he's trying to not be miserable because it's miserable you know what I mean it's like very it's like you give up so much like we hang out with friends like we're going to go travel here we're going to go surfing and we're going to go here and it's like half the activities we do he's like I'm just going to stay on the boat or I'm just going to or I can't go there or I can't do this you know cuz it's like you

30:09 wind up like hating Humanity because it's like a zombie movie for you yeah it's it's horrible whereas I can I'm I'm Anonymous I look like the pizza delivery boy you know [ __ ] zip in and out some recognition is fine it's like a dopamine hit and people saying hey I appreciate you wrote your book and thank you whatever and they leave you alone they don't need to go take a photo but like imagine you're like ex level famous it's just like you just it's a it's a zombie it's a zombie movie so he around and he found out that fame fame get you a metric Fon of the opposite sex yeah pursuing you people you never would think would sleep with you people you would never think would behave in that way but it robs you of everything else complet completely robs you of everything else any other stories from that you've seen people read the book or your friends or yourself I get I get a lot of feedback a

31:06 lot it's it's overwhelming cuz I don't want to be the guy right like I wanted to I wrote the book to save my own life like consider like some people Journal right and I just wanted an app and I was like all right fine somebody I got I'm going to write this book but this book is for me this changed my life this changed my parents life like I've like had friends there was this real estate something some guy got up started crying it's like over helming it's too much it's kind of it's kind of odd but it's the best feedback right cuz I wrote it to save my life and then I hope it saves other people's lives right and then I'll explain it because maybe some of your people haven't heard the save your life they like why the Bill Perkins thinks he saving lives with what the it's just a book but if when we were rake surfing and you started drowning okay and I jumped in got you out and I gave you mouth to mouth right and you all

31:56 dramatic you you were like you saved his life guess what you're still going to die you're 100% going to die you're just not going to die that day so what did I actually do by pulling you out I gave you more time I gave you more I love yous I gave you more experiences I give you time with your kids more more Adventures I can do more side quests more whatever that's what I did I gave you more of that I just gave you more I didn't you know cuz you're for [ __ ] sure going to die so when I write a book about optimizing your life and getting more fulfillment what do I give them more I love you more time with their kids more their Adventures more side quests more than they want right as opposed to be an on all life waking up at 65 and be like where the did my life go where did my 40s go where did my 30s go why did I miss out on this why didn't I spend more time with my mom why did I make this decision because they weren't

32:45 thinking they were on autopilot so that's how I save people's lives and so I truly believe that a lot of people fear of running out of money or fear of being embarrassed I fear about wasting my life see as is the number one fear and so that's what the book is about that's why I'm saving lives saving my life I love it you love it it's great man great you're known for bets and I I'll wrap up with this you know you know I know you've done a few prop bets yeah I'm not a big gambler but I was like well we can end it with like the audience doing some type of prop bet maybe on their health maybe on enjoying life more so I was like trying to think on the drive here and like the past few days like what would be a fun prop bet to do together how about this I got one for you cuz you can do your kid okay you're out there surfing you're in the zone of learning you have to do a 360 by the end of the summer the out here

33:35 yes on the back you have to wake surf and do a 360 land it and be in it stay in the wave and stay standing up all right I'll take that bet all what's the steak th000 bucks done th000 bucks I can't wait till you land it I hope you do it dude okay all right Bill Perkins di with zero prop bets prop bets we got it if you like this conversation you are going to love this video right up here where I talked to another amazing entrepreneur John Paul Thea he has made billions in two separate Industries hair care which I don't have any of and Patron tequila which I do have downstairs so make sure you check out this video up here subscribe to the channel if you are not already Uncle Noah loves you and I'll see you out there PE

Questions about this episode

What is discussed in "I make $100M/year … I’m going to die with $0"?

In order: 0:00 natural gas, Commodities, Oil, High Stak Gambler; 10:00 Die With Zero, Your Money or Your Life; 15:00 Joe Farrell; 25:00 Dan Bilzerian.

What is mentioned in this Noah Kagan episode?

8 people, works and ideas are mentioned, including Die With Zero, natural gas, Oil, Commodities, High Stak Gambler, Your Money or Your Life. Each one on this page links to its own page with every episode that mentions it.

How long is "I make $100M/year … I’m going to die with $0"?

The episode runs 34 min; the transcript is about 7,922 words in 43 timestamped sections.

More from Noah Kagan

• All analyzed episodes
• Books mentioned on Noah Kagan
• People mentioned on Noah Kagan
• Topics mentioned on Noah Kagan