The Unconventional Wealth Strategy of High-Earning Individuals: Dying Penniless

Workers across the wealth spectrum are adopting the idea of "dying with zero" by spending or giving away all their cash before they die instead of leaving it as inheritance. This approach is gaining momentum, with some individuals wanting to eliminate family conflicts over money and teach their children the value of giving. While there are no exact guidelines for dying with zero, proponents emphasize the importance of being invested in the idea and having a purpose for the money being spent or donated. However, the fear of running out of money and uncertainty about when one will no longer need it can make this approach challenging, especially in old age. Financial planning experts suggest that the decision to die with zero should be made early in life, and that having a clear purpose for the money is crucial.