- Money has declining marginal utility as we age, as our health declines and interests narrow. We should aim to spend money when it creates the most experiences and memories. - People typically have the ability to enjoy inherited money the most from ages 25-35. Giving money to children during this period allows them to fully utilize it for experiences before their abilities decline. - Rather than focusing only on accumulating wealth, we should think of our lives in "seasons" or time buckets and ensure we spend adequate time and money creating experiences during each life stage. Having a spending date in mind ensures we don't work solely for money we will never enjoy.

1. Värdet på pengar minskar med åldern
- Diskussion utifrån boken ”Die with zero” av Bill Perkins – del 2
262

2. Sammanfattning av avsnittet: TL/DR
• Om du avser ge dina barn ett arv, gör det gärna när de är i 25 - 35 års
åldern
• Försök fånga de omedvetna valen som ofta görs på autopilot
• Marginalnyttan och värdet på pengar tenderar minska med åldern
• Tänk på ditt liv som att det består av olika perioder (eng: seasons)
• Växla mellan resurserna tid, pengar och hälsa
• Optimal konsumtion / spendering av pengar är kring 50 år
• Tänk på din finansiella peak som ett datum istället för belopp

3. Bildspel till avsnitt #262
På bloggen RikaTillsammans finns det kompletterande
material i form av en artikel, en video och ett poddavsnitt.
Sök ”262” på www.rikatillsammans.se för att få
extramaterialet.

5. Dagens avsnitt #262
• Diskussion utifrån Bill Perkins bok ”Die with zero”
• Video ”This is Jane” –
• Jane har ett bra jobb, hon sparar till pension
• Hon går i pension och ägnar sig åt sin hobby och reser lite
• Jane dör med majoriteten av sina pensionspengar kvar…
• Pengar som inte längre har något värde för henne…
• Vore det inte bättre om hon använt sina pengar på ett annat sätt?
• Tankespjärn kring att göra rätt sak i sitt sparande (”fel sak på rätt sätt”)
• Fortsättning på avsnitt #261, del 1.
• Livspoäng, planera aktiviteter efter tid i livet, hur kan man skapa mest upplevelser
för livet och minska slöseri (dö med mer pengar än man behöver), ditt liv är
summan av dina upplevelser, du går i pension på dina minnen
• ”Vilket är det bästa sättet att använda vår livsenergi på innan vi dör?”

6. Få en bättre ekonomi och ett
rikare liv med vår community
Vår Patreon-community är bl.a. en struktur för att ta sin
ekonomi till nästa nivå genom en årsstruktur, extra-material
(50+ avsnitt), tips och både digitala och fysiska träffar. Du väljer
själv vad det är värt och engagemangsnivå.
https://www.patreon.com/rikatillsammans
Tack till dig som är med och gör dessa avsnitt möjliga. 🙏🙏

7. 5. Give your money to your children or to charity
when it has the most impact.
• A real plan for dying with zero includes the kids, if you have kids. That
way, you’ve already separated out their money (which becomes
untouchable by you) from your money, which is what you must spend
down to zero.
• For any income group you look at, the age of “inheritance receipt”
peaks at around 60. In other words, if you were betting on how old
someone will be when they inherit money—assuming you know
nothing else except that they stand to inherit—60 is your best bet.

8. Ge bort arvet när barnen är 26 – 35 år
• I don’t want to say there’s an age when it’s just too late to give your
children money—late, after all, is better than never—but age 60 is
worse than 50, and 50 is worse than 40.
• Why? Because a person’s ability to extract real enjoyment out of the
gift declines with their age. This happens for exactly the same reason
your own ability to convert money into enjoyable experiences
diminishes after you get past a certain age. And for a whole host of
activities, you need a certain minimum mental and physical state to
enjoy them at all.
• Bottom line? The 26-to-35 age range combines the best of all these
considerations—old enough to be trusted with money, yet young
enough to fully enjoy its benefits.

9. Vilka upplevelser vill du att barnen ska ha?
• I’m assuming that your goal in life is not to maximize your income
and wealth but to maximize your lifetime fulfillment, which comes
from experiences and your lasting memories of those experiences.
And just as you’re trying to maximize your own fulfillment, you’re
trying to maximize your children’s fulfillment too.
• The same holds for memories: Just as you’re trying to form memories
of times with your kids, it makes sense to want your kids to form
memories of you. Both sets of memories will yield a memory
dividend—one stream of dividends for you and one for your kids.
• So how do you want your kids to remember you?
• That’s just another way of asking: What kinds of experiences do you want
them to have with you?

10. Fällan: jobbar för barnens skull…
• I am making a big deal about quantifying the value of
experiences with your children because doing so forces you to
pause and think about what’s really best for your kids: Sometimes
it is earning more money, and sometimes it is spending more
time with them.
• So many people tell themselves that they are working for their kids—
they just blindly assume that earning more money will benefit their
kids. But until you stop to think about the numbers, you can’t know
whether sacrificing your time to earn more money will result in a net
benefit for your children.

11. 6. Don’t live your life on autopilot
• Vi ger rådet till många unga ”spara” 10, 20 eller 30 % av din lön – särskilt när
du är ung. Ta hela CSN-lånet och investera eller lägg det till kontantinsatsen
till en bostad. Tänk om rådet istället borde vara spendera och maximera
livsupplevelsen nu när du är ung?
• “Your salary will only go up, your earning power will only go up,” Levitt
recalls his older colleague telling him, in almost a perfect echo of what Joe
Farrell told me. “And so you shouldn’t be saving now, you should be
borrowing. You should be living today in much the way that you’ll be living in
10 or 15 years, and it’s crazy to actually be scrimping and saving, which is
what at least someone like me who was brought up in a middle-class family
was taught to do.” Levitt says this was one of the best pieces of financial
advice he ever got.
• No, the key takeaway, I now realize, is to strike the right balance between
spending on the present (and only on what you value) and saving smartly for
the future.

12. Värdet på pengar minskar med åldern…
• As you get older, your health declines and your interests gradually
narrow, just as your sex drive diminishes. Your creativity usually
declines, too. And when you’re extremely old and frail, no matter what
your level of interest is, just about all you can do is sit and eat tapioca
pudding. At that point, money is useless to you, because all you need
or want is to lie in bed and watch Jeopardy. This was my conclusion:
The utility, or usefulness, of money declines with age.
• Think of it this way: Given the same amount of money each year (let’s
say $100,000), you will be able to extract a lot more enjoyment out of
that money at some points in your life than at others. The utility of
money changes over time, and it does so in a fairly predictable way:
Starting sometime in your twenties, your health very subtly starts to
decline, causing a corresponding decline in your ability to enjoy
money.

13. 6. Don’t live your life on autopilot

14. Myran och gräshoppan
• Lite som fabeln om gräshoppan och myran. Båda gör ju fel – myrorna
bara jobbar och är upptagna med att överleva istället för att leva
samtidigt som gräshoppan knappt överlever vintern. Det är
extremerna på skalan.
• The optimal balance between saving and spending is not obvious at
all. If you’ve spent decades dutifully saving and investing your money,
it can be hard to stop—assuming you’re even aware that you should
stop.

15. Utmaningen hälsa, pengar och tid…

16. Hälsa är viktigare än pengar…
• Nothing has a greater effect on your ability to enjoy experiences—at
any age—than your health. In fact, health is actually a lot more
valuable than money, because no amount of money can ever make up
for very poor health—whereas people in good health but with little
money can still have many wonderful experiences.
• Our simulations show that even a small permanent reduction in
health at some point in a person’s life amounts to a large reduction in
the person’s lifetime fulfillment score.

17. Rekommendationer
• Think about your current physical health: What life experiences can you
have now that you might not be able to have later?
• Think of one way in which you can invest your time or your money to
improve your health and thereby improve all of your future life experiences.
• Learn about how to improve your eating habits to improve your health. Of
the many books on this subject, the one I know well and always recommend
is Eat to Live, by Joel Fuhrman, M.D.
• Do more of the physical activities that you already enjoy (such as dancing or
hiking) that will also improve your enjoyment of future experiences.
• If your ability to enjoy experiences is more constrained by time than by
money or by health, think of one or two ways you can spend some money
now to free up more of your time.

18. 7. Think of your life as distinct seasons
• This entire book is predicated on the hard, cold truth that we will all
die and, as we age, our health will gradually decline. But there’s
another, less obvious truth about “dying” that has important
implications for how you should live your life: We all die a multitude of
deaths throughout our lives.
• The problem of confronting overly delayed gratification and the
resulting regret doesn’t occur just once, at the end of one’s life.
Rather, it can occur at every period during your life, from the
bookworm teenager who missed out on all the fun of high school by
making too many sacrifices for the sake of a supposedly brighter
future to the middle-aged dad who repeatedly skipped irreplaceable
experiences with his own teens by constantly hustling for one job
promotion after another.

19. Time Buckets

20. Recommendations
• If time-bucketing your whole life feels a bit overwhelming, just do the
exercise with three time buckets covering the next 30 years. Know you
can always add more to your list; just do it long before your age and
health become a real factor.
• If you have children, think about your own version of the Heffalump
movie: What one experience do you want to have more of with them
in the next year or two, before that phase of their life and your life is
over?

21. 8. Know when to stop growing your wealth

22. Datum istället för belopp
• To understand why you should think in terms of a date, not a number, you
need to recall that enjoying experiences requires a combination of money,
free time, and health. You need all three—money alone is never enough.
And for most people, accumulating more money takes time.
• So by working more years to build up more savings than you actually need,
you are getting more of something (money), but you are losing even more
of something at least as valuable (free time and health). Here’s the bottom
line: More money doesn’t equal more experience points.
• Most people forget those costs of acquiring more money, so they focus
mainly on the gains. So, for example, $2.5 million does buy you a better
quality of life than $2 million, all other things being equal—but all other
things are usually not equal!
• That’s because for every additional day you spend working, you sacrifice an
equivalent amount of free time, and during that time your health gradually
declines, too. If you wait five years to stop saving, your overall health
declines by five years, closing the window on certain experiences altogether.

23. Traditional vs optimal spending…

24. Datum istället för belopp
• Tänk på ditt mål som ett datum istället för ett belopp
• What does all this mean for you? It means that unless you are an
exception, you ought to start spending your wealth down much earlier
than what is traditionally recommended. If you wait until you’re 65 or
even 62 to dip into your nest egg, you will almost certainly end up
working longer than necessary for money you will never get to spend.
What a sad thought: to slave away at a job and never get the gold.

25. Prenumerera på vårt nyhetsbrev
Prenumerera på vårt kostnadsfria månatliga nyhetsbrev. Där
får du våra bästa tips, artiklar och guldkorn. Läs mer:
rikatillsammans.se/nyhetsbrev

26. Lycka till med ditt sparande!
Jan och Caroline Bolmeson