Give Wealth While Living
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A philosophy about giving away wealth during life instead of after death, based on the book "Die With Zero".
Core Philosophy
- Goal is to spend/give money while alive rather than after death
- Based on premise that you can't experience anything after death
- Questions the traditional mindset of leaving inheritance
- Emphasizes experiencing the impact of giving during lifetime
Key Arguments for Giving Now vs After Death
- Impact Scenarios:
- Scenario 1 (Poor Choice):
- Wait until death (age 88-92)
- Friends/family receive inheritance when they're also elderly
- Limited ability to enjoy or use the money meaningfully
- Scenario 2 (Better Choice):
- Create a giving plan while alive
- Experience the joy and impact of giving
- Recipients can use funds when they most need it
- Scenario 1 (Poor Choice):
Action Items
- Create a giving plan now rather than waiting
- Give to friends and family while you can enjoy it with them
- Focus on making impact during your lifetime
- Don't overly prioritize leaving a legacy after death
Core Insight
- The feeling after death will be the same as before birth - nothing
- Therefore, optimize for impact and enjoyment during life
- Legacy concerns shouldn't override the ability to make meaningful impact now
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.