• choose your experiences deliberately and purposefully rather than living life on autopilot,
• increase your overall lifetime fulfillment, it’s important to have each experience at the right age.
• So to increase your overall lifetime fulfillment, it’s important to have each experience at the right age.
• Maximizing your fulfillment from experiences—by planning how you will spend your time and money to achieve the biggest peaks you can with the resources you have—is how you maximize your life. By taking charge of these crucial decisions, you take charge of your life.
• your life is the sum of your experiences. This just means that everything you do in life—all the daily, weekly, monthly, annual, and once-in-a-lifetime experiences you have—adds up to who you are.
• Making deliberate choices about how to spend your money and your time is the essence of making the most of your life energy.
• Bear in mind that every choice you make affects subsequent choices—and the choice to have children is the most common example of that.
• people’s incomes decline, their spending does, too.
• senselessness of indefinitely delayed gratification.
• Why spend all this money on furniture that you don’t get to enjoy?
• references to the “slow-go” and “no-go” years abound.
• There’s a big difference between living a life and just being kept alive,
• it is much smarter to spend your healthcare money on the front end (to maintain your health and try to prevent disease) than to spend it at the end, when you get a lot less bang for every buck you spend.
• thing; obviously, insurance costs money. But the fact that insurance
• the fact that insurance companies are willing to sell insurance for various risks shows that these risks can be quantified—and removed for those who don’t want to take those risks.
• That means an insurance company doesn’t need to know when you yourself will die—they just need to know enough life expectancy data about their total insurance pool to make sure they can pay out and still make a profit overall.
• Risk tolerance is a singular and personal preference.
• Make “maximize total life enjoyment” your mantra, using it to guide every decision—including what to focus on with your financial adviser.
• declining health and diminishing interests mean that your list of activities will narrow as you age, which means that your spending rate won’t remain constant:
• People avoid the subject of death, they behave as if it’s never coming, and too many don’t plan for it. It’s just some sort of mystery date in one’s future when we expire.