Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)

Sahil Bloom: The 5 Types of Wealth You Need to Design Your Dream Life | Entrepreneurship | E335

26 snips

Feb 7, 2025

Sahil Bloom, an entrepreneur and investor, candidly shares his journey of redefining wealth beyond just financial success. After a life-changing realization about his priorities, he quit his corporate job to launch The Curiosity Chronicle. In this conversation, he discusses the five types of wealth every entrepreneur should seek, emphasizing time wealth and meaningful relationships. Sahil delivers practical advice on life prioritization, effective time management through time blocking, and transforming business costs into profits, all while balancing personal well-being.

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INSIGHT

Seasons of Life

Life has seasons, and priorities will change over time.
Focus on what matters during each season to balance personal and professional growth.

ANECDOTE

The Wake-Up Call

Sahil Bloom felt empty despite achieving financial success.
A conversation about his parents' age made him realize he might see them only 15 more times before they die.

INSIGHT

Awareness of Time

Awareness of time as a precious asset is crucial for decision-making.
Young people often overlook the value of their time until it's too late.

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Man's Search for Meaning

Viktor Frankl

The book is divided into two parts. The first part recounts Frankl's harrowing experiences as a prisoner in Nazi concentration camps, including Auschwitz, between 1942 and 1945. He describes the inhumane conditions and the psychological and emotional struggles of the prisoners. The second part introduces Frankl's theory of logotherapy, which posits that the primary human drive is the search for meaning, rather than pleasure. Frankl argues that meaning can be found through three main avenues: work (doing something significant), love (caring for another), and suffering (finding meaning in one's own suffering). The book emphasizes the importance of finding purpose and meaning in life, even in the most adverse conditions, as a key factor in survival and personal growth.

The Five Types of Wealth

Sahil Bloom

One Up On Wall Street

Peter Lynch

In 'One Up On Wall Street,' Peter Lynch explains how average investors can outperform professionals by leveraging their everyday experiences and knowledge. Lynch advocates for investing in companies and products that are familiar and understandable, rather than following trendy or complex investments. He provides easy-to-follow advice on analyzing financial statements, identifying different types of companies (such as cyclical, turnaround, and fast-growing companies), and maintaining a long-term investment strategy. The book emphasizes the importance of simplicity, patience, and fundamental analysis in achieving successful investments.

Main Street Millionaire

How to Create Financial Success

Alexzandra De La Iglesia

In 'Main Street Millionaire: How to Create Financial Success', Alexzandra De La Iglesia provides a straightforward and accessible four-step process to help entrepreneurs and small business owners achieve financial success. The book focuses on identifying the ideal customer and implementing strategies to maximize sales, making it easier for anyone to create a strategic plan for financial growth.

King of Capital

The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone

David Carey

John Morris

This book tells the story of Steve Schwarzman and Blackstone, from their humble beginnings to their current status as a global financial powerhouse. It highlights how Blackstone and other private equity firms transformed themselves from gamblers and 'barbarians at the gate' into disciplined investors, while the traditional financial establishment recklessly assumed risks. The book provides never-before-revealed details about Blackstone's operations and its impact on the economy, challenging the conventional wisdom about private equity firms and their role in the financial world.

Sahil Bloom felt empty despite crushing his career and financial goals. His health, relationships, and well-being were crumbling, until one conversation made him realize that at his current pace, he might see his parents only 15 more times before they passed. This realization hit like a punch in the gut. Within 45 days, Sahil quit his job, sold his house, and moved across the country. Free from corporate life, he started The Curiosity Chronicle, a newsletter with over 800,000 subscribers, where he shares insights on building a high-performing, healthy, and wealthy life. In this episode, Sahil breaks down the five types of wealth every entrepreneur should acquire and how to redefine success beyond money.

In this episode, Hala and Sahil will discuss:

(00:00) Introduction

(01:14) Life Razor: A Simple Rule to Clarify Priorities

(05:41) Breaking Free from Limiting Beliefs

(07:38) Building Wealth but Feeling Empty

(11:09) The Wake-Up Call That Shifted His Priorities

(17:32) The Energy Calendar Hack to Maximize Time

(21:26) Why Execution Beats Business Plans

(27:03) Time Blocking Tips for Entrepreneurs

(30:29) The Five Types of Wealth

(40:35) Why a Brain Trust Is Better Than Mentorship

(48:49) Turning Business Expenses into Profit

(53:58) Unconventional Investment Strategies

(59:32) Balancing Health, Wealth, and Well-being

(01:06:31) Sahil’s Daily Routine for Productivity

Sahil Bloom is an entrepreneur, investor, and writer focused on redefining wealth beyond money. A former private equity professional, he left the corporate world after a wake-up call that redefined his view of success. He now runs The Curiosity Chronicle, a newsletter with over 800,000 subscribers, sharing insights on entrepreneurship, investing, and personal growth. As a managing partner at SRB Ventures, he invests in early-stage startups and helps founders scale.

Resources Mentioned:

Sahil’s Book, The 5 Types of Wealth: amzn.to/40XzrQL

Website: sahilbloom.com/#Hero

Sahil’s Newsletter, The Curiosity Chronicle: bit.ly/3EsRmH5

King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone by David Carey and John E. Morris: amzn.to/4hhG8Uo

One Up On Wall Street: How To Use What You Already Know To Make Money In The Market by Peter Lynch: amzn.to/4aFpVWT

Man's Search for Meaning by Viktor E. Frankl: amzn.to/42yQdry

Main Street Millionaire: How to Make Extraordinary Wealth Buying Ordinary Businesses by Codie Sanchez: amzn.to/4jE8PMY

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All Show Keywords: Entrepreneurship, entrepreneurship podcast, Business, Business podcast, Self Improvement, Self-Improvement, Personal development, Starting a business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side hustle, Startup, mental health, Career, Leadership, Mindset, Health, Growth mindset.