Sahil Bloom, author of The 5 Types of Wealth and managing partner at SRB Ventures, dives into the multifaceted nature of wealth beyond money. He argues that finances are just one element of a fulfilled life, emphasizing the importance of time management and relationships. Sahil introduces the concept of an energy calendar to enhance daily experiences and discusses prioritizing social wealth for greater well-being. Listeners will find actionable insights to improve their lives by focusing on meaningful connections and personal development.
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question_answer ANECDOTE
The 15 Visits
Sahil Bloom was working in finance, chasing traditional success, but felt his life deteriorating.
This culminated in a friend pointing out he might only see his parents 15 more times before they die, prompting a major life change.
insights INSIGHT
Money's Diminishing Returns
Money directly buys happiness early on, fulfilling basic needs and pleasures.
Beyond that point, the equation shifts, but people often get trapped in the pursuit of more money.
volunteer_activism ADVICE
Creating Value
Focus on creating value and solving problems, whether as an employee or entrepreneur.
Earning money becomes a natural byproduct of this value creation.
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In this book, Dr. Peter Attia draws on the latest science to deliver innovative nutritional interventions, techniques for optimizing exercise and sleep, and tools for addressing emotional and mental health. The book aims to replace the outdated medical framework with a personalized, proactive strategy for longevity, focusing on creating the best individual plan for long-term health. It covers topics such as the limitations of cholesterol tests, underdiagnosed liver conditions, the importance of exercise, and the integration of overall health with relational health.
The Five Types of Wealth
Sahil Bloom
The millionaire next door
William D. Danko
Thomas J. Stanley
The book challenges the common perception that millionaires live in affluent neighborhoods and instead shows that many wealthy individuals live modestly in middle-class and blue-collar areas. The authors identify seven common traits among these millionaires, including being dedicated to a vision, making appropriate career decisions, valuing financial security over social standing, and efficiently spending time and money. The book also distinguishes between 'Under Accumulators of Wealth' (UAWs) and 'Prodigious Accumulators of Wealth' (PAWs), emphasizing the differences in their spending and saving habits.
Your finances are one important piece of building a wealthy life.
Sahil Bloom writes The Curiosity Chronicle newsletter and is the Managing Partner of SRB Ventures, a venture investment firm. His first book is The 5 Types of Wealth: A Transformative Guide to Design Your Dream Life. Robert Brokamp caught up with Bloom for a conversation about:
- Why money does buy happiness (to an extent).
- Managing your time wealth.
- What social media gets wrong about health advice.
- The case for creating an energy calendar.
Company discussed: AAPL
Producer’s note: We’ve got a full company onsite meeting this Monday and Tuesday. A new Motley Fool Money episode will drop on Wednesday, April 9.