Sahil Bloom, author of The 5 Types of Wealth and creator of the Curiosity Chronicle, shares his journey from a private equity executive to a content creator driven by curiosity. He discusses the importance of nurturing relationships and understanding various dimensions of wealth in today's digital world. Bloom emphasizes the contrast between earned and bought status, championing purpose over superficial success. He also highlights the power of a growth mindset, adaptability, and the significance of social wealth for a fulfilling life.
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question_answer ANECDOTE
15 More Times
Sahil Bloom's friend told him he might only see his parents 15 more times given their age and his infrequent visits.
This realization prompted Bloom to prioritize family, quit his job, and move closer to his parents.
insights INSIGHT
Relationships Over Everything
Strong relationships are the biggest predictor of health and happiness, outweighing factors like cholesterol or blood pressure.
The Harvard Study of Adult Development, spanning over 85 years, supports this.
volunteer_activism ADVICE
Defining Enough
Define your "enough" and visualize your ideal life to avoid constantly moving the goalposts.
Make conscious, rational decisions about increasing your goals instead of subconscious, irrational ones.
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In 'Essentialism: The Disciplined Pursuit of Less,' Greg McKeown argues that by applying a more selective criteria for what is essential, individuals can regain control of their time and energy. The book is divided into sections such as Explore, Eliminate, and Execute, providing practical advice on distinguishing the vital few from the trivial many and eliminating non-essential activities. McKeown emphasizes the importance of clarity of focus, the ability to say 'no,' and living 'by design, not by default.' This approach helps readers achieve more by doing less and making the highest possible contribution in their personal and professional lives.
The Five Types of Wealth
Sahil Bloom
Mindset
The New Psychology of Success
Carol S. Dweck
In this book, Carol S. Dweck introduces the concept of two mindsets: the fixed mindset and the growth mindset. People with a fixed mindset believe their abilities are static, while those with a growth mindset believe their abilities can be developed through effort and learning. Dweck shows how these mindsets influence success in school, work, sports, and personal relationships. She also discusses how to adopt a deeper, truer growth mindset, and how this can transform individual and organizational cultures. The book emphasizes the importance of perseverance, learning from failures, and embracing challenges as key components of the growth mindset[1][2][5].
Hi, and welcome to The Long View. I’m Christine Benz, director of personal finance and retirement planning for Morningstar. Our guest on the podcast today is Sahil Bloom. He’s the author of a new book called The 5 Types of Wealth, and he also writes a newsletter called the Curiosity Chronicle. He’s the founder and managing partner of SRB Holdings and SRB Ventures. Before embarking on a career as a content creator, Sahil was a vice president at a private equity fund. He double majored in economics and sociology at Stanford University, and he also received his master’s in public policy there. Sahil, welcome to The Long View.
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