The Intangible Benefits of Wealth: Insights from Die With Zero

I recently finished reading Die With Zero by Bill Perkins, and let me tell you, it was life-changing! I mean damn, who knew the purpose of money was to be converted into experiences? All this time I thought it was to be hoarded in a mattress like a cartoon villain.

But seriously, Perkins makes a great point. The more fulfilling the experiences, the better. So, I’ve started to brainstorm all the tangible experiences I want to have before I die. Swimming with dolphins? Add it. Hiking across the Grand Canyon? Add it. Eating a five-star meal at a Michelin-starred restaurant? Add it. Twice.

However, as Perkins points out, it’s not just about the tangible experiences. It’s also about the intangible ones. With growing wealth, you have the security of knowing that if your house burns down, you won’t be living in a cardboard box under a bridge.You gain the confidence to take risks and try new things, like ordering something other than chicken fingers at a restaurant. And let’s not forget about the pride that comes with knowing that you were the catalyst for your financial position. Few people realize how badly a lack of money screws up their judgment. People will avoid preventative medical care for perceived lack of money. People will avoid asking someone out for perceived lack of money. People will avoid the double-ply toilet paper in favor of the single-ply for perceived lack of money.

Sure, the tangible experiences are great, but the intangible benefits are with you everyday.

Every. Day.

They permeate every area of your life. So, while you’re out there swimming with dolphins and hiking across the Grand Canyon, don’t forget to take a moment and appreciate the intangibles that come with being financially savvy. It may not make for a great Instagram post, but it sure does feel good.