The biggest psychological mistake people make is fearing they will run out of money rather than fearing they will waste their life; people should focus on maximizing their experiences and living fully during each life stage, especially the 20-30 period, instead of worrying about embarrassment, judgment, or future financial failure.
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Bill Perkins: Most people fear the wrong thingAdded:
I think the biggest psychological crime is [music] people fear running out of money instead of fear of wasting their life. Mhm. And so, [music] you know, they have this fear of embarrassment of like, "I'm going to run out of money and I'm going to be broke or I'm going to do XYZ." Instead of fear [music] like, "I am wasting my life. I have for the We were talking about the 20 to 30 bucket, I'll just, you know, [music] this is it.
This is the only period I'll be 20 to 30. There are certain activities, experiences that are made for this bucket, right? People are marketing services and products to you. You You know that they're there, right? Like, I don't want to do them. Like, go have fun. And [music] you only get one shot, one go around.
You know? And [music] so, and they're worried about, you know, in the 30 40.
So, I think people worry about embarrassment, what other people think, [music] judgment about their lifestyle or them failing in the future, etc. as opposed to worrying about like, "I don't want to waste this ride." And it's not even the ride for the whole life.
Every single period of your life.
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