Shownotes:
Sahil Bloom takes us on a journey to redefine wealth in ways that go far beyond financial success. With insights from his new book, The 5 Types of Wealth: A Transformative Guide to Design Your Dream Life, Sahil shares powerful stories, science-backed strategies, and actionable tools to help us embrace balance and act with purpose. From discovering the beauty of enough to narrowing the gap between learning and action, Sahil's wisdom offers a transformative approach to designing a life of true fulfillment. Don't miss this inspiring conversation that will leave you rethinking how you measure success.
Thrive Global Article:
Sahil Bloom on The 5 Types of Wealth: Redefining Success and Finding the Beauty of Enough
About Our Guest:
Sahil Bloomis an inspirational writer and content creator, captivating millions of people everyweek through his insights and biweekly newsletter,The Curiosity Chronicle. Bloom is a successfulentrepreneur, owner of SRB Holdings, and the managing partner of SRB Ventures, an early-stageinvestment fund. Bloom graduated from Stanford University with an MA in public policy and a BA ineconomics and sociology. He was a four-year member of the Stanford baseball team.
About Lainie:
Lainie Rowell is a bestselling author, award-winning educator, and TEDx speaker. She is dedicated to human flourishing, focusing on community building, social-emotional learning, and honoring what makes each of us unique and dynamic through learner-driven design. She earned her degree in psychology and went on to earn both a post-graduate credential and a master's degree in education. An international keynote speaker, Lainie has presented in 41 states as well as in dozens of countries across 4 continents. As a consultant, Lainie’s client list ranges from Fortune 100 companies like Apple and Google to school districts and independent schools. Learn more at linktr.ee/lainierowell.
Website - LainieRowell.com
Twitter - @LainieRowell
Instagram - @LainieRowell
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Transcript:
Lainie Rowell: What if we've been measuring success all wrong. For much of our lives. We've been conditioned to see money as the only true measure of wealth. So I held bloom challenges, this notion in five types of wealth, a book that balances aspiration with actionable steps and grace while recognizing what makes us beautifully unique and dynamic as humans. During this conversation, Sahil's authenticity and practical wisdom shines as we discuss his journey, his insights and the profound lessons embedded in his work. Enjoy.
Welcome Sahil. So excited to chat with you.
Sahil Bloom: I'm so happy to be here. Thank you for having me.
Lainie Rowell: Okay. I love your book. I will gush about it non stop. It's this beautiful combination of aspirational and practical and actionable and also a lot of grace in there for the fact that we're humans and we're all different and we make mistakes, but I'm just so excited that the day that this comes out Five Types of Wealth is available.
People will be able to hold it in their hands. Some people like to hug their books If they're one of those people, they'll be hugging the book. And I'm just so excited to get the conversation started.
Sahil Bloom: That's great. I truly appreciate it. I appreciate the praise and the kind words. I really like how you characterized it. And as I sought to write this book, I would say the number one thing that I was really careful about and the number one thing that I really wanted to get across was that I don't have the answers for you and that sounds a little bit crazy to say right like I'm gonna start the interview by telling people that I don't have the answers for them you're talking about a self help or a self improvement book that is telling you that it doesn't have the answers But my biggest complaint about the entire self improvement self help industry is that people are trying to force answers down your throat.
And the reality is that every single person's life is completely different. All of our considerations, our backgrounds, our priorities, they're all different and the best that I can do. And the most important thing is helping you ask the right questions. And that is what this book is all about. The book is about giving you the right questions so that you can wrestle with them and uncover the right answers for your life.
Lainie Rowell: You're so real. That comes through in the book. I mean, thank you to you and your team for giving me a sneak peek. I want to just hear a little bit more about the personal story of how you came to kind of redefine the concept of wealth.
Like, how did this come to be, like, your mission? Because when you write a book, this is like, I have to tell the world this, so.
Sahil Bloom: Yeah. Yeah, I mean, look, my In hindsight, right? So it's very hard when you're living life to connect these dots. I think it was Steve Jobs in 2005 at Stanford University in his commencement speech, he said that you can never connect the dots looking forward in your life. You can only connect them looking back. And so looking back with the benefit of this hindsight zooming out, I can now see and reflect on the fact that the first 30 years of my life, I basically made all of my decisions on the basis of insecurity, and grounded in this desire to achieve some level of external affirmation that I felt would one day make me wake up and feel good internally.
In other words, I was looking for an external solution to an internal problem. It's hard to say exactly where that insecurity came from I have an incredibly privileged upbringing. My parents are wonderful, loving people, supportive to a fault. I grew up in an environment where academic achievement was the standard.
My mom is Indian, so Indian culture, very academically oriented, and my father's a professor at Harvard. So a very academic household. I have one sibling, who is older than me, who was extraordinarily hardworking and gifted academically. And early on in my life, I kind of convinced myself that she was the smart one and I wasn't very smart.
And that instilled a feeling of a feeling of insecurity in me that was hard to break. No matter how much my parents told me otherwise, no matter how much anyone said anything it was very challenging for me to crack that sort of original story that I told myself. And as a result, I made decisions that were trying to compensate for that insecurity.
I tried to sound impressive on the outside so that I would start to feel impressive on the inside. I think there's probably people out there who can resonate with that, who have felt that at different times. That meant that I chose going to the school that sounded the most impressive. Taking, a baseball scholarship to try to sound impressive on the outside when frankly, I probably would have been better off going to a place where I could have gotten more individual attention, something smaller, something with less prestige.
Again, when I went to take my first job, I wanted to take the job that sounded the most impressive. Not the one that was maybe the best path for me, not the one that felt like a calling towards my purpose, but the one that made me feel like I made it, quote unquote. And this was all grounded in this assumption that one day I would wake up, and feel like I had arrived, right?
It's called the Arrival Fallacy. It's this idea that we think that one day we're going to wake up and have achieved the thing that we've propped up as the destination, and we're going to feel this contentment, this happiness, this joy, fulfillment, happiness. We're going to be in that idyllic land.
Everything's going to be great. And what we all find, time and time again, is that it is a fallacy. You get there, you feel this momentary blip of that euphoria, and then immediately you feel this, like, Is that it? This sort of never enough dread. And that was what happened to me. I kept convincing myself that my feelings of happiness were on the other side of some promotion, some bonus, some title, whatever the thing was.
And I was blinding myself to the fact that as I was on that march, every single other thing in my life was starting to crumble. I was so myopically, narrowly focused on making more and more money, to sound impressive, to feel impressive, that I was allowing these other areas of my life to crumble. My relationship with my wife was suffering, my relationship with my parents was almost non existent, I was living 3, 000 miles apart, my relationship with my sister had really suffered, I had created this competitive tension and dynamic with her that was impossible to break, my health was suffering from lack of sleep, stress, drinking too much, my mental health, all of these other areas of my life were falling apart while I was, like, seemingly winning the game from the outside looking in. And I had this moment where I realized that If this was what winning the game looked like, then I had to be playing the wrong game.
And that turning point, and the actual event that precipitated it, is the story that led to me writing this book. That journey that I ended up going on.
Lainie Rowell: I think you came to this earlier in life than some people do because it's really easy to keep just saying, Oh, well, I just need this one more thing. I just need to get that job. I just need to live in that house or things like that. Our mind does lie to us about what makes us happy. It's really interesting. And this book with the five types of wealth, you've really come up with this holistic approach. I'd love for you to tell us what are these five types of wealth?
Sahil Bloom: Yeah, I think the important piece here is this whole idea that what you measure really matters. Because what you measure ends up being what you build around, what you optimize around. Peter Drucker, the management theorist, once said, "What gets measured gets managed."
And that is very true for humans. Whatever we can measure ends up being the one thing that we focus on. And because money is so measurable, it has become the sole way that we measure our lives. Because it's so easy, it's so easy to put a number to it. It's not actually our fault. It's just the fact that it is such a simple way to measure our worth, measure who we are.
But unfortunately, what that leads to is this over optimization around one singular metric that actually doesn't lead to to us winning the war, if you will. You know, there's this idea that I talk about in the book of the Pyrrhic victory. The idea of a victory that comes at such a steep cost to the victor, that it might as well have been a defeat.
Meaning you win the battle, but you're going to lose the war. And that's really what I feel a lot of us are marching towards. When we focus so narrowly on making money, and that is our entire goal, we're going to win that battle. We might make a lot of money, but if you earn a lot of money, but you end up divorced three times, your kids don't talk to you, you're 200 pounds overweight and you can't stand yourself, that is not winning the war.
The war is about time, people, purpose, and health. Money is a contributor to a lot of those things, and it can be a tool for building those things, but it's not an end in and of itself. And that's really the important thing that I'm trying to get across in this book. When you go talk to, and I did this, hundreds and hundreds of people nearing the end of their life.
What do they talk about? They don't talk about money. They talk about those things. Time, people, purpose, and health. And money may have been a contributor to them, but it's never an end in and of itself.
Lainie Rowell: Yeah. The stories you share in the book, they really strike a chord. They get straight to the heart, and I think that's, so important for kind of waking us up and being like, wait, we're not putting enough attention into like social wealth or mental wealth.
And let's actually talk a little bit about mental wealth. And you write about living a purpose imbued life as part of mental wealth. And you say, never let the quest for more distract you from the beauty of enough. I triple underlined because that is such a lovely way to talk about the beauty of enough because I think it is very easy to get distracted.
How does that idea help us define our purpose?
Sahil Bloom: So that line is right in the prologue of the book, and it came to me after a very formative moment in my life, I mentioned that a lot of areas of my life were suffering when I was living, you know, playing this wrong game, and one of those areas was that my wife and I were struggling to conceive for maybe a year, year and a half in California we'd been unable to naturally, and there might be some people out there listening to this that are on that journey or have experienced that, and it tends to be something that people suffer with in silence.
It is stigmatized in a weird way. It was a burden that my wife carried silently and that I was not present enough to help carry it at the time because of the things that were happening internally in my life. And the most beautiful thing that happened was we made this change. We moved back to the East Coast to be closer to our families. And within two weeks of getting back home, my wife got pregnant naturally. And it was just this reminder that when your life comes into alignment. Everything falls into place as it should. And I had a moment shortly after my son was born. I was out walking him. He would only sleep when I was taking him out on walks in those early months.
And so I was out walking with him. I was on the sidewalk and this old man approached me and he came up to me and he said, I remember being out here with my newborn daughter. She's 45 years old now. It goes by fast, cherish it. And it hit me so hard. And I took my son back home and I kept brought him into bed with us.
My wife was still asleep and the sun was kind of like just coming through the windows. It's a moment I'll never forget. It's so clear in my mind because he had this little smile on his face. And I just had this sensation that for the first time in my life, I had arrived. But I didn't want anything more.
There was nothing else that I wanted. That moment was enough. And in that moment, that was where that idea came into my mind. Never let the quest for something more distract you from the beauty of those moments of enough. And as a motto for life, as a mantra for life, I can't imagine anything more powerful than that.
Lainie Rowell: Ooh, I got the goosies. I think it resonates with everyone. It super resonates with me, especially because I write and speak about gratitude a lot. And a lot of gratitude is just noticing. That's like the first step in gratitude is you have to notice. And so I really feel like that's kind of a big part of the call to action from that line is like, just notice what you already have.
And I think that's a really, really beautiful thing to achieve is to be present.
Sahil Bloom: Yeah. You know, at the end of every section of the book I have for each type of wealth, there's a guide. And the guide is filled with these science backed proven strategies for actually building that type of wealth into your life.
Real actions you can go and take right now, either tiny or big, to start building it. And one of them for mental wealth, is this thing I call the 1 1 1 method. And all it is, is at the end of every day, you write down one win from the day, that's something that you felt good about, something that went well one point of stress, tension, or anxiety, something that's on your mind that you need to get off of it, and then one point of gratitude.
Something tiny that you noticed during the day that you stopped, paused, and appreciated. And I have found so much benefit from doing that. It takes literally two minutes on most evenings, and doing it before bed, it forces that gratitude into your day. It's It's sort of an example of Kurt Vonnegut, the famous author gave this commencement speech at Rice University, I think in 1997.
And in it, he tells this story of this uncle of his who had this habit of stopping during the course of the day and looking up at the sky and just saying, if this isn't nice, what is? And as a practice, it's such a beautiful thing to think about because there's so many moments as we walk through our daily lives that are beautiful in that way.
But when we don't pause and recognize them, they don't get internalized, we don't actually feel the benefit in the same way. So those times when you're walking around and your kid smiles, or something goes well that you didn't expect to, or it smells nice outside, stop and actually recognize it.
Make sure you internalize those moments because it improves your mental health, it improves your sleep, and you just feel so much more texture in your days.
Lainie Rowell: Sahil, I love that texture in your days. And I also really love that you talked about, notice the tiny things. I think sometimes when someone says, what do you feel grateful for?
People go, Oh, my family. And that's like a big thing. And that's a lot of people. And when you talk about things that are like really tiny I think it's really easier to kind of dig into that. So I love that.
Sahil Bloom: Yeah. You know, that's kind of a basis and a, and a core point in the entire book, which is a lot of stagnation in life doesn't actually come from , not knowing what to do.
It doesn't actually come from how challenging it is to do those things. It comes from this pre start intimidation. Meaning, you're standing where you are, and you see the life that you want to live. And it's at the top of this enormous wall. And you can't possibly imagine getting to the top of that wall.
It's just, it's so far off, it's so high, you can't see the footholds. There's nothing that you can see that makes it appear as though you can get there. And we, we say that so we just don't do anything. And the reality is you don't need to scale the wall in one step. It's not going to take one day, it's going to take a long time, but you don't need to think about that.
All you need to think about is the one tiny thing that you can do right now. It's like in that movie The Martian Matt Damon talks about how he got home from Mars. And he says that you just solve one problem, and then you solve another one, and then you solve another one. But you don't have to worry about the million problems you're gonna have to solve to get home.
You just solve the one. And I think about that so often in life, that like, if we can just focus our energy on the tiny action today, on the tiny little thing, the one problem, the one decision, everything becomes achievable through that mentality.
Lainie Rowell: I love that. It's like a problem has all these little problems stuck together.
You got to pull them apart. Just one at a time. Take care of it.
Sahil Bloom: Yeah, exactly.
Lainie Rowell: Let's talk about social wealth. Loneliness is a big issue. today. I mean, I think awareness was probably raised during the pandemic, but it's been an issue, it's still an issue, and what did your research uncover about the profound impacts of relationships on well being and how can we build those meaningful connections?
Sahil Bloom: Yeah Look, the research is clear. There is clear scientific evidence that the strength of your relationships impacts your health and happiness more than almost any other factor. The Harvard Study of Adult Development is this, I would argue, the most powerful study of the last hundred years. It was a 80 plus year longitudinal study that followed the lives of 1, 300 participants.
And what they found was incredible. Which is that the single greatest predictor of physical health, actually how you felt physically and your health at at age 80, was your strength of your relationships at age 50. So not your blood pressure, not your cholesterol, none of those things mattered as much as how you felt your relationship satisfaction at 50 impacted your health at age 80.
And that is just clear proof that our relationships are the thing. That is the texture in our lives. And yet we don't think to invest in those relationships in the same way as we think to invest in a stock or a mutual fund or some other area of our life financially. But relationships pay dividends.
Arguably that are even more important and more impactful than any financial investment you can make. And as you said, we live in a loneliness pandemic, right? It's the real pandemic that we should be focused on and worried about right now. Teenagers are spending 70 percent less time with their friends in person than they were two decades ago.
60 percent of people in America now are saying that they don't have a single very, very close friend. I mean, there's terrifying stats coming out on a daily basis, and it needs to be addressed. It needs to be something that we all focus on, and yet again, the tiny daily investments make a huge long term impact.
Lainie Rowell: For those who've listened to the podcast for a while, we did actually have Robert Waldinger on episode 89. He's so brilliant. I really loved it. I was so happy when that was in the book. I was like, tell more people about this study. I mean, how many studies do we have that have been that long?
None. Like there's no other study.
Sahil Bloom: He is very special. He's a dear friend. I actually had dinner with him a couple nights ago. He's one of the early readers and reviewers of this book. And he's starting to work on his next book which is going to be fantastic as well.
Lainie Rowell: Okay, well, he told me I'm allowed to call him Bob, but I'm not close enough to have gone out to dinner with him , and I will have to chat with him about talking to him when his next book comes out. But what I love about your book, The Five Types of Wealth, is you bring in the best of the research of others.
You're bringing in the voices from really, really important people. You're bringing in your research, these hundreds of interviews that you've done, and I really want to highlight this, you mentioned this earlier, but at the end of a section, the tools that you give are so practical, so actionable, and I mean, I was blown away.
Time Wealth is the first one so that's the first one I get to, and I get to the section with the tools, and I'm like, Oh my gosh, this is like a ton of tools. This is so amazing. You handle it perfectly because you're like, I don't expect you to do all these, just go through and look at the ones that you want, which is perfect.
But I just felt like it was so great because, if this tool doesn't appeal to me, I've got plenty of other options. So I love that. I love that.
Sahil Bloom: I'm glad you liked that. This was a big point of focus for me and something that I would say most publishers would not have been comfortable with because it's atypical for people to include that much into a book that you know, they would probably generally say, like, you should just do the book on one of these types of wealth and then you can write five books and it'll be great.
And I didn't want to do that because they all come together in concert. And to the point of including those, one of my biggest gripes with self improvement content is that it creates this enormous information action gap. Meaning all the information is consumed and then very little action is actually taken on that information.
And when you find the most successful people in the world, in whatever domain, what you see about them, the common trait is that the gap between when they consume information and when they act on that information is tiny, almost miniscule. They immediately act on the new information. And so what I wanted to do with the book and with the format of it was make it really easy to do that.
So it's like that idea of just go pick one thing. Do the thing that takes you two minutes to do today. Because if you do that, you might change your life. And not because the idea is so incredible or life changing, but because the momentum that it creates is the life changing part, because you feel then that winning sensation.
You feel that goodness that comes with the little bit of progress you made. We've all experienced that. Like, if you've ever gone to the gym and you went consistently for a week, and you notice that you feel a little different, or you notice that your belt goes in a notch or you notice that you look a little different in the mirror, that momentum, It carries you for months and months, and so I wanted the book to feel that way, where you feel like you get that little bit of momentum that pushes you to just keep making those little positive changes in your life.
Lainie Rowell: I really want to value the unique and dynamic in everyone. And I think you did that so beautifully because I, Lainie, reading through it, could come across the time section and if there had only been one practice in there, and that practice didn't hit right for me on that particular day, then I would have just been like, not for me and moved on.
But you give us all these different ones. Guaranteed if I went through there and read it today, in a different state, I might find another practice and be like, Oh, this one is for me.
Sahil Bloom: Yeah, my hope is that people come back to the book. I say that in the early part, that You know, your life has seasons, and what you prioritize or focus on during any one season will change.
And so, you coming back to the book you know, if you read it for the first time in your early 20s, and you're really going to be in a season of career building and financial wealth, that's great. This book has something for you. If you come back to it in your 30s when you have young children and you really want to focus on being there during those years for them, it has something for you.
You come back to it as a retiree, it has something completely different for you. And you'll read it in an entirely different way because your lens will be so different that you're seeing the same stories through. And that to me is the real power in it.
Lainie Rowell: Yeah. And even just the basic of the formatting of it where it's very easy to flip through to the section where it's like, here's how to put it into practice. So I love that.
Sahil Bloom: I'm happy to hear that. Thank you.
Lainie Rowell: Let's talk about physical wealth. This is again where I think you have this beautiful tension between aspirational and practical. So for example, you share Ryan's story to illustrate physical wealth, but you're saying, well, he's like at level 100.
You don't have to be at level 100, right? And that grace of like, well, this is him and his priorities. And like you were just talking about, like it's kind of where you are in the season of your life. Yeah. But how can we find our own balance with that physical wealth?
Sahil Bloom: Yeah, you raise a very important point, which is this video game analogy that I bring up that you know, unfortunately, social media really rewards and promotes level 100 stuff, right?
You know, financial guru talking about the, like, fancy crypto covered call arbitrage, whatever fancy strategy is the thing that goes viral, not the person just giving you the like, Hey, go invest in low cost index funds, right? That's not going viral. When people say that, it's the same for physical wealth where the people that are pushing the envelope with the craziest stuff are the people that are getting the most views and they are doing an incredible job of driving new interest in building physical wealth and in investing in these areas of your life.
But being able to distill then back, pull back to say, okay, what is the version of this that I can actually do in my life is the next step. That again is the shrinking of the information action gap, because otherwise I'm consuming all this incredible information that Brian is sharing publicly for free, but I'm not actually doing anything about it.
Because I cannot possibly take the number of hours that he takes, or the number of pills, or whatever it is that he's doing. And so, that is what I'm really trying to get at in the physical wealth section in particular. It's, what are the basic pillars here? And really, all they are, it's movement, nutrition, and recovery.
And level one? Of each of those gets you 80 plus percent of the benefit, right? Level one of of movement is just move for 30 minutes a day. I don't care if you walk, jog, sprint, run, ski dance, like whatever movement you enjoy, do that every single day for 30 minutes, and that will get you a whole lot of benefit if your baseline is significantly lower than that.
In nutrition, just try to eat 80 percent of your meals in single ingredient, whole, unprocessed foods. Simple. And then recovery, just sleep seven hours a night. You don't need to worry about like, you know, I post videos of cold plunges. You don't need to cold plunge. You don't need to sauna every night.
You don't need to red light therapy, whatever, do injections. Look, none of that matters. You don't need to do any of that. Just sleep for seven hours a night, and you'll get 80 percent of the benefit. And the point is that this should be a video game in the sense that you hit level one and you consistently do those three things, then you can think about the next layer.
Then you can start thinking about leveling up to those next levels. But until you do the basics, don't worry about it. You don't need to stress over all of those crazy things that other people are doing.
Lainie Rowell: Yeah. And it goes back to kind of the, the Martian example you gave earlier, like to solve the one problem and then you can solve the next problem, right?
One of my favorite James Clear quotes talking about consistency over intensity, and I hear you talking about that too, right, and I appreciate you talking about kind of like there's, you know, so many people trying to get our attention and a lot of people are good at getting our interest, but they're not good at closing that information to action gap that you talk about and getting us to like, not just be interested, but to sustainably do it.
I think your book is really a great tool for that. I do think people should go back to it over and over again, because it's going to be really helpful at every stage of your life. Let's talk about some practical strategies, which you've already given us a ton of, but I want to talk specifically about, you talk about the life razor in your book.
Can you tell us about that and how it's going to help us make some better decisions?
Sahil Bloom: The best way to explain the Life Razor is probably to give you an example. I met and spoke with a man by the name of Mark Randolph. He was the founder and first CEO of Netflix, company that everyone now knows.
And Mark had posted this incredible, little essay, short essay about a ritual that he had throughout his entire ultra successful technology career, which was that no matter what, he never missed a Tuesday dinner with his wife. Every single Tuesday throughout his career, he and his wife would have a date at 5 p.m. And what he says in the post is that. If there was a crisis happening, if there were meetings, if whatever, they all had to end by 5 p. m. It was a non negotiable ritual. And when we spoke, I had this sensation that it wasn't really about the 5 p. m. dinner. It wasn't really about the date or anything in particular that they were doing.
It was about the message that that sent. It was about the identity that it instilled. That he was the type of person who never missed a 5 p. m. dinner. That his priorities around his wife, around his children, around all those things in his life sat at the top of his stack. And that got me thinking about this idea that we all need our version of that 5 p. m. dinner. We all need our version of the one single defining rule that allows us to cut through the noise in our life. The one thing that is identity creating for us that has ripple effects into all of these other decisions and areas of our life. And so I walked through an exercise in the book of how to come up with your version of that.
How to come up with that statement of, I am the type of person who blank. Like, what is it? His was, I'm the type of person who never misses a 5pm dinner with my wife. That has ripple effects. Mine is, I am the type of person who will coach my son's sports teams. Because to me, that means that I am a present father.
It means I'm the type of dad that my son wants to have around, which means I have to act certain ways with him, that I have to have the relationship with him. It means I'm a community member. It means I'm a loving husband to my wife. And it means that my teams, the people that I'm around, see the boundaries that I'm creating, see the priorities that I have around my family, and they feel empowered to build the same into their life, which makes them more focused.
It makes them more loyal when they're working with me and when they're here. And it has those ripple effects. And so that is an exercise that I think is really, really important. It's in the upfront section of the book for a reason because knowing that, figuring out your life razor, that one single heuristic that cuts through the noise of everything else is such a powerful tool for your entire life and your journey.
Lainie Rowell: I think it's really profound.
If there is one piece of advice you could give anyone about redefining wealth, what would that be?
Sahil Bloom: I think the single most important thing is to recognize how time is your most precious asset.
The time wealth section is up front for a reason. That recognition that time is the only asset that matters is so important to building a life of wealth in all of these different areas. Time tends to be one of those things that we don't think about until the very end when it's the only thing we think about.
And I asked this question in the book of, would you trade lives with Warren Buffett? And I say, he's worth 130 billion, he has access to anyone in the entire world, flies around on private jets everywhere, has houses all over the place and he reads and learns all day. But you would not trade lives with him because you would not be willing to trade all of that money for the amount of time that you have left.
You wouldn't do that. And on the flip side, he would probably trade all of it to have the amount of time you have left. He's 95 years old. And so we recognize in the back of our minds subconsciously that time is so precious, that it is such a valuable asset. And yet, we take actions on a daily basis that spit on it.
We disregard that. We, we do things that we know are not driving us forward in the direction of our dream future life. Making that mental shift, recognizing just how finite, just how impermanent your time is, just how precious it is, that is what unlocks all of this.
Lainie Rowell: If there is one thing that you cannot share enough, or something that you've never had a chance to share before, what would that be?
Like, what is the hill you die on, , the thing that everyone needs to know? And if it's time, we're good, but if there's something else, you're like, I really wish people knew this.
Sahil Bloom: Yeah, I mean, I really wish that people knew that, ultimately the ability to clearly define what enough looks like, financially, is the single greatest unlock for your happiness in life, because your normal and biological predisposition is to have that be just like a mirage, that kind of, as you get close to it, it disappears and it reappears further away, and we're wired that way for a reason, because hedonic adaptation it's called because it wasn't particularly positive for our survival to feel content.
If you were in the wild and all of a sudden you felt content, you might get eaten by a lion or you might starve. We don't really have to face those same issues today. We face different issues in life. And so there is a level of contentment, of happiness, of fulfillment in your daily journey that is a massive positive for your life.
But it only comes through understanding what enough looks like to you. And that doesn't mean that it has to be Spartan. It doesn't have to be that you're moving off into the Himalayas and you know, drinking warm broth and living as a monk. I'm not gonna join you. You can do that if you want, but I'm not gonna be there.
It might be that your enough life has a few houses because you love entertaining people and being able to create experiences with people you love. And enough doesn't mean that you reduce your ambition either it just means that your ambition comes from a desire to further your purpose, or to grow, not to just make more money.
And so you need to find that grounding, find the grounding in the right things, and focus on and measure the right things, and you take the right actions and create the best outcomes.
Lainie Rowell: Love that. I would love to have you share now, how can people stay connected to your work? Five Types of Wealth. If you are listening to this, it is out.
You can have it in your hands, there's places online, you could get it like probably within 24 hours.
Sahil Bloom: Like a drone will come and drop it off on your head or something.
Lainie Rowell: In addition to Five Types of Wealth, the book, physical, digital, however you want to get it. But what are some other ways that people can stay connected to you?
Sahil Bloom: Yeah all of my work and everything that I do is at SahilBloom.com . That's probably the best hub. I am on most of the platforms at some level. But I love, love, love, love, love, nothing more than actually meeting and interacting with people so if you send me an email, if you send me a DM, that's not my team responding to it, that's me I am truly committed to this journey of creating these positive ripples in the world, and the only way I know to do that is through real human interaction so I'm thrilled to have a chance to interact with any of you.
If you do buy the book, I would love for you to do that, and please send me a message, let me know what you think of it, let me know what impacted you nothing would make me happier.
Lainie Rowell: Absolutely. And on your website, people can also subscribe to your newsletter. So that's one too. All right. Well, Sahil, it has been so fun chatting with you.
And I am so excited that your book is out in the world and people get to read it, experience it. Hopefully they will come back to it because there's so much richness in there. They can revisit it multiple times. That makes it a really good investment, doesn't it? Right?
Sahil Bloom: I think so.
Lainie Rowell: All right, Sahil, thank you for your time and thank you all for listening.
Sahil Bloom: Thank you.