743. Sahil Bloom on Why Chasing Money Will Leave You Empty—And What to Do Instead
Feb 4, 2025
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Sahil Bloom, entrepreneur and author of "The 5 Types of Wealth," shares insights on redefining wealth. He discusses leaving a high-powered finance job to prioritize family, personal growth, and the importance of social connections. Sahil introduces his concept of the five types of wealth: time, social, mental, physical, and financial, emphasizing their interconnection. He also highlights the notion of 'time billionaires' and the importance of valuing every moment, along with the idea that true fulfillment goes beyond monetary success.
Sahil Bloom's concept of the five types of wealth encompasses time, social, mental, physical, and financial dimensions, encouraging a holistic view of fulfillment.
The podcast highlights the significance of social wealth, illustrating how meaningful relationships contribute to overall health and well-being.
Sahil's journey emphasizes prioritizing personal growth and family over financial gain, advocating for a balanced approach to living a fulfilling life.
Deep dives
The Essence of Almost 30
The podcast emphasizes that Almost 30 is not merely about age; it encapsulates a feeling of being in transition and seeking community. The hosts, Lindsay and Krista, invite listeners into deep conversations rooted in curiosity, connection, and transformation. They aim to uncover the magic inherent in the human experience, ensuring that the journey toward personal evolution is engaging and supportive. With each episode, the intention is to inspire listeners to embrace the variety of growth opportunities available to them regardless of their current life stage.
Celebrating Milestones and Consistency
Lindsay and Krista reflect on the evolution of their podcast since its inception in 2016, noting the importance of consistency in establishing a stable connection with their audience. They fondly recall the early chaotic days of the podcast, contrasting them with their current, more grounded approach. The humor and authenticity between the hosts creates an inviting atmosphere, making it easier for listeners to engage with the content. They acknowledge how their growth as individuals has also shaped the podcast's development, creating a more coherent narrative for their audience.
The Power of Timing in Success
The hosts highlight the intricacies of timing as a crucial element of success, sharing a story about their friend Mel, whose podcast has skyrocketed due to the right timing and preparation. Lindsay and Krista discuss how it's common for individuals to pursue seemingly unattainable success while not realizing the underlying magic of collective timing. They emphasize the importance of recognizing one's unique journey and understanding that not everyone’s path follows the same narrative. This conversation illustrates how success often stems from a blend of hard work and the right moments aligning.
The Multidimensional Concept of Wealth
Sahil Bloom, a featured guest, outlines his book 'The Five Types of Wealth,' introducing a broader perspective that extends beyond mere financial wealth to encompass time, social, physical, and mental wealth. Each type of wealth is highlighted through personal anecdotes and reflections, demonstrating their interconnectedness and the holistic view of living a fulfilling life. The conversation urges listeners to evaluate their current wealth across these dimensions and invites them to consider how true wealth is found through balance and understanding. This exploration of wealth encourages a more profound contemplation of values and priorities in life.
The Value of Delayed Gratification
The idea of delayed gratification emerges as a central theme in discussions about personal growth and financial decisions. Both Lindsay and Krista understand that creating a fulfilling life requires patience and effort rather than chasing instant rewards. They explore how delaying immediate pleasures can yield richer, more meaningful outcomes over time, particularly in the context of family and personal relationships. By fostering this mindset, the podcast encourages listeners to dig deeper into what truly matters to them, leading to a more intentional approach to everyday choices.
Building Strong Relationships
The conversation emphasizes the essential role of social wealth, illustrating how strong relationships are fundamental to overall well-being. The hosts reference research linking relationship satisfaction to long-term health outcomes, prompting a reflection on the importance of fostering genuine connections. They advocate for prioritizing deep meaningful relationships over superficial ones, illustrating this maxim through personal anecdotes of families and communities. This narrative underscores the human need for connection and support, as well as the impact of these relationships on happiness and fulfillment.
In this episode, Sahil Bloom, entrepreneur, investor, and inspirational writer, helps us redefine what it means to be truly wealthy + fulfilled. Sahil reveals why his own journey to success inspired his new book, The 5 Types of Wealth: A Transformative Guide to Design Your Dream Life.
If you’ve ever wondered if there was more to life than just earning money, this is for you! Discover why Sahil left a high-powered finance job to prioritize family + personal growth. Plus, Sahil gets real about the power of timing, the importance of creating trust, and his unique perspective on wealth.
Tune in to learn about the five types of wealth: time, social, mental, physical, and financial. Find out how these interconnected forms of wealth contribute to overall happiness and how to harness each of them, no matter your stage of life. Prepare to have your eyes opened with this one!
We also talk about:
Sahil's 24-hour rule for social media sanity
The significance of earned status over bought status
Navigating fatherhood + the impact on personal growth
Why stress responses are linked to maternal affection
Creating space in your life for better decisions + well-being
The concept of "time billionaires" + valuing every second
The importance of vocalizing appreciation in relationships
How social wealth affects your health + longevity
Discovering your "enough" life + redefining financial ambitions
Pre-order our book, Almost 30: A Definitive Guide To A Life You Love For The Next Decade and Beyond, here: http://bit.ly/Almost30Book.
Sponsors:
Wildgrain | Go to Wildgrain.com/ALMOST30 to start your subscription and get $30 off your first box, PLUS free croissants!
Apothékary | Go to apothekary.co and get 15% off using the code ALMOST30 at checkout.
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