8: The Biggest Lies About Building Wealth (and The Tiny Habit That Changed Everything) - Sahil Bloom

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Feb 6, 2025

Sahil Bloom, entrepreneur, investor, and author of "The 5 Types of Wealth," shares his profound insights on wealth and success. He challenges conventional definitions of wealth, emphasizing the importance of non-financial aspects like time and relationships. Sahil reveals Tim Cook's best advice that shaped his business mindset and discusses the significance of embracing discomfort through imposter syndrome. He introduces the concept of the 5 types of wealth and stresses actionable steps to create opportunities, redefining what it means to achieve fulfillment.

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INSIGHT

The Biggest Lie About Wealth

The biggest lie about wealth is that money is the only type.
True wealth encompasses financial, time, social, mental, and physical well-being.

ADVICE

1-1-1 Method for Daily Reflection

Use the 1-1-1 method daily: write one win, one stressor, and one gratitude point.
This improves mental health, sleep, and overall happiness.

ADVICE

Tune Into Your Energy

Tune into your energy levels around people and activities.
Your body tells you whether something is positive or negative for you.

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GIVEAWAY! Sahil just launched his new book, The 5 Types of Wealth, and we’re celebrating with a giveaway!

Win a signed copy of his book + a free ticket to his event in London on February 13th!

Here’s how to enter:

1. Comment on Sahil’s podcast on my YouTube with your biggest goal for 2025.
2. Sahil will pick 5 winners to receive a signed book and a ticket to his exclusive event at the Royal Geographical Society, London.

Sahil Bloom, entrepreneur, investor, and author, shares the biggest lessons he’s learned about wealth, success, and creating a meaningful life. In this episode, Sahil dives deep into the 5 types of wealth, how to know if you're playing the wrong game, and the mindset shifts that separate the 1% from everyone else.

He also reveals the best advice he received from his mentor, Apple CEO Tim Cook, and how those lessons shaped his approach to business, leadership, and life. If you’re looking for practical, no-BS strategies to build real wealth and take control of your future, this episode is packed with insights you won’t want to miss.

Chapters:
0:00 Introduction
1:00 The Biggest Lie We’ve Been Told About Wealth
3:00 The Most Common Mistake People Make Chasing Success
3:45 The Mindset Shift That Changed Everything
4:30 The One Question to Ask Yourself Every Day to Stay on Track
5:20 Tim Cook’s Best Advice for Success
8:30 The 4 Types of Luck & How to Create More Opportunities
12:00 The 5 Types of Wealth You Need to Build
19:30 Sahil’s Wake Up Moment
25:00 Why the 13 Richest People Have 14 Divorces
28:00 The Real Way to Find Your Purpose
31:00 How to Create Value & Make Yourself Indispensable
34:00 Stop Trying to Impress the Wrong People
39:00 The Harsh Truth Making a Million Dollars Isn’t Easy
41:00 The Trade Off Why Something Has to Suck to Get What You Want
43:00 How to Overcome Imposter Syndrome for Good
43:40 Why You Need to Fall in Love with Embarrassment to Succeed
46:00 What Is the Spotlight Effect & How to Stop Caring What Others Think
47:00 The Secret to Becoming Luckier in Life & Business
48:00 How to Think & Act Like the Top 1%
50:00 How Becoming a Dad Changed Everything
53:00 How to Intentionally Redesign Your Life for Success
55:00 Should You Give Your Children Money? The Hard Truth
1:03:00 The Success of Sahil’s Book & Lessons Learned
1:07:00 Treat Your Body Like Your Home If You Want It to Last
1:10:00 The Science Behind Cold Plunges & Their Impact
1:11:00 The 4-7-8 Breathing Method for Better Sleep
1:14:00 What Is Quiet Quitting in a Relationship
1:17:00 The Difference Between Falling in Love & Growing in Love
1:19:00 Why Proximity to Loved Ones Matters More Than You Think
1:21:30 What Is a Darkest Hour Friend and Why You Need One
1:23:30 What’s Next A Look into the Future
Let me know if you need any more refinements.

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