A groundbreaking guide to rejecting the default path and designing your dream life—a life centered around The 5 Types of Wealth. Launch your journey to fulfillment with this transformative system from inspirational writer, speaker, and entrepreneur Sahil Bloom.
Harsh You’ve been lied to. Throughout your life, you’ve been slowly indoctrinated to believe that money is the only type of wealth. The Your wealthy life may involve money, but in the end, it will be defined by everything else.
In The 5 Types of Wealth, Sahil Bloom offers a transformative guide for redesigning your life around five types of wealth—Time Wealth, Social Wealth, Mental Wealth, Physical Wealth, and Financial Wealth—that will lead to a durable satisfaction and happiness you can build and maintain across the seasons of your life.
Whether you are a recent college graduate, mid-life warrior, or a retiree, this playbook will unlock new levels of freedom and fulfillment,
• Control over how you spend your time • Depth of connection with those around you • Clarity of purpose, presence, and decision making • Improved health and vitality • Simple pathways to financial independence
Bloom’s unique blend of storytelling, questions, and actionable insights enables readers to make immediate positive change and build the joyful, balanced lives they’d previously only dreamed of.
Every few years I read a book that fundamentally changes the way I view my life and the world. This book is one of those books. Normally self-help books like these are 5-10 pages of quality content and then another 200 pages of fluff. This is the opposite. Each chapter is so jam-packed with meat and key insights that it takes you a while to really get through everything because you end up putting down the book to reflect every few pages. Several key takeaways that I took away from this:
1. Anti-Goals are just as important as goals. What are the things you aren't willing to sacrifice as you strive to achieve your dreams?
2. Life Razor - What is the simple sentence that defines who you are? Use that to guide every decision and action in your life.
3. Step Outside Yourself - What would the movie audience of your life be screaming at you to do that is blindingly obvious but you’ve been ignoring?
4. Time wealth is actually the right thing to be optimizing for vs. financial wealth. You wouldn’t trade lives with Warren Buffett because even though he's a billionaire, time matters more than money.
5. When you’re on The Way, The Way reveals itself.
6. Before each week and each day, ask yourself a simple question: what would make this week/day great? Write it down and get it done and don't get distracted along the way.
Terrific framework with dull, repetitive, tired examples you’ve heard dozens of times if you read any amount of personal development.
I love his premise and think the five types of wealth is wise and actionable but I wish he would have used more creative, fresh and unique supporting arguments.
TL;DR - Sahil's debut full-length book is a perfect complement to his years of newsletters and social posts. It presents the wisdom he has curated and distilled into the five types of wealth we are born with and compound through life. The wisdom delivers ways to benefit from these pillars of wealth and provides cautions and ways to avoid squandering it.
Full review: Although I cannot remember when exactly I subscribed to Sahil's newsletters, something in his writing on social media clicked for me. Perhaps it was our shared Indian ancestry, perhaps my desire to hack his way of exercise (but not the icy baths!!), and perhaps the top "x" ways to hack a portion of life. They just did. I became a regular reader of these missives in my email every Wednesday and Friday. The book collects them all and more, and tells some of the backstories. There alone it shines. But there was more.
The book is about designing a life; whether for someone just starting it in their 20s or someone reflecting on it in their 50s (like me). It captures the wisdom of numerous known and unknown names he has interviewed and divides it into five wealth vaults - Time, Social, Mental, Physical, and Financial.
Though many stories steeped in historical wisdom are simply restated parables, this book brings the parables into actionable insights. For example, the parable of a Pyrrhic victory is complemented by checklists and warning signs to avoid - the modern complement for the bus(ier) individual. After all, could a 21st century guidebook not include a checklist or more :)?
Time Wealth - this is, indeed, the most valuable treasure we are born with, an unstated, seemingly infinite reservoir from which we draw seconds until it suddenly empties. The modern parable of 'it's later than you think' helps create a measure - if not of time remaining, then certainly of value achieved from that time. Sahil's book, thinking, and writing are heavily influenced by his young son and aging grandmother, the barbells of life he deeply values, enjoys and cherishes throughout the book. And their lives seem to create the otherwise impossible deposits into his time vault. The books is valuable to study in this juxtaposition alone.
As with each of the other wealth pillars, this pillar provides methods to gauge progress, anti-goals to avoid, systems to implement to achieve satisfaction through progress. He provides simple checklists and quizzes to visualize and document progress without need for expensive journals and toolkits. Many are as timeless as Benjamin Franklin's daily habit and as new as Apple Notes.
Social Wealth: This attribute of the human animal is next. We have an innate ability to form deep networks with those around us yet continue to find ways to devalue the very connections and allow them to wither. This section's stories are more modern, chronicling studies and lectures from luminaries such as Margaret Mead and weaving in Sahil's personal stories. The outcome - a pathway away from loneliness toward an additive, productive, accretive life of the balanced social interaction. He doesn't lead the reader toward extroversion; quite the opposite in his approach to building and nurturing the very connections that matter through their depth, breadth and status. Here too, the section ends with guides, assessments, hacks, and systems for success.
Mental Wealth: This section addresses the world within our mind and how it can expand to infinity or contract to seemingly nothing. How we open ourselves to infinity to a lifelong pursuit of knowledge and curiosity, of the rituals that allow us to grow and reflect are the foci of this section's systems, hacks, and guides. Sahil's collaboration with Susan Cain (author of Quiet and Bittersweet) is powerful in making this section a stand-out chapter.
Physical Wealth: The earliest readers (I think) of Sahil's work will remember his social media accountability about maintaining and attaining physical wealth through seemingly impossible runs, workouts and ice baths. This chapter elevates toward the why and a bit of accessible HOW. He addresses WHY through modern and historical stories and leads to designing a pattern via movement and resistance through simple methods. Exercise without proper nutrition is only part of a solution so he does address nutrition - again simply making it achievable to all. The systems in this section are naturally targeted toward a WOD.
Financial Wealth: This final section addresses the most common type of wealth-money. Here Sahil focuses not so much on the constant addition but the concept of enough. As the pursuit of 'just a little bit more' cannot ever be met, wisdom of the ages distilled in this chapter leads toward understanding enough. The pillars - generating stable and consistent income, managing expenses, and investing for the long-term- are easily stated. These pillars can easily fall when faced with the 'next best thing' but followed religiously, prove to be the wealth generators over time. The guide and systems here are practical, simple, and straightforward checklists and missives.
Each of the five sections end with a summary that I think will be a good one to review every so often as they are nearly complete recollections of the chapters. I reread summaries a month after finishing the book and smiled at the things I'd remembered and underlined those I hadn't. Sahil's epilogue is like the conversation you have with a friend at the end of a shared evening over a favorite beverage. Short yet meaningful. A perfect end.
I'll leave this review with this final thought that Sahil's grandmother shared with him and has stuck with me:
"Never fear sadness, as it tends to sit right next to love"
Sahil Bloom’s The 5 Types of Wealth redefines wealth as more than money, focusing on time, social connections, mental clarity, physical health, and finances. Each section offers powerful insights and actionable tips to create a balanced, fulfilling life.
The quote that stayed with me from the Time Wealth section perfectly captures the book’s message:
“Family time is finite—cherish it. Children time is precious—be present. Friend time is limited—prioritise the real friends. Partner time is meaningful—never settle. Coworker time is significant—find energy. Alone time is abundant—love yourself.”
This book is an inspiring, practical guide for anyone looking to design a truly meaningful life. Highly recommended!
*Updated explanation for my rating. I loved the book and its points. This was a genre I don’t normally read so I wasn’t fully invested. So if you love personally development books the above review and book is for you. 😊
Expected a lot from this thanks to the rave reviews. Nope. TL;DR: Spend more time with your loved ones. The rest is just filler content from other self help books, awkwardly glued together.
This book will change your life. We are too focused on financial wealth and lose sight of the other aspects of life. Sahil's framework of viewing these other important aspects of wealth is a groundbreaking and important contribution that will change how you spend your time and who you spend it with. Sahil is a very clear writer and very effectively uses memorable graphs and anecdotes to keep it engaging throughout. This is a good investment of your time and money and I hope you order copies for your friends and families!
I wasn't expecting much and was pleasantly surprised. This book doesn't necessarily teach you a lot, but I find it a very good summary of the whole field of personal development. It condenses what all the big bestsellers have been saying, and makes for a nice synthesis!
I found this truly interesting. While we all think of wealth in the financial sense, I loved that this but delves into the 5 types of wealth. It truly opened my eyes to things. I found the author's wording and writing style intriguing but also enjoyed how much research based information backed it all. The story spiraling from how many times he'd see his parents into so much more was such a powerful thing to read through. It is very eye-opening but also motivating, making me want to do more and spend more time focusing on things that truly matter and less time on things that truly don't in the end.
I received this ARC from NetGalley and Ballantine Books to read/review. All of the statements above are my true opinions after fully reading this book.
If this is your first foray into the personal development genre it probably would be extremely insightful.
However, for anyone that has read or listened to anything in the genre over the last 10+ years this book will feel like a very shallow summary of things you have heard many times previously with nothing particularly new, creative, or insightful added.
Take the book for what it is and you might get a few things of use/interest but calling it life changing is probably a bit naive.
The idea that wealth should be counted beyond just your bank account is a worthwhile objective but difficult to take non-cynically from someone talking about how they made huge amounts of money in their 20s.
Loved Sahil on a variety of podcasts and find him insightful but was left relatively disappointed from the book.
For context, I read a decent amount of business, finance, psychology, and “self help” books. After getting through a quarter of this book, I didn’t feel there was a ton of depth other than: *There are many types of wealth in our life we should work to obtain - social, financial, health, etc. *At different times in our life, we will find the balance of these types of wealth to change.
If this is your first foray into these concepts, this could be a good place to start! If you are familiar with this genre, you might be able to write the book from the title. Clearly others find a lot of value in this book, so YMMV.
I really loved this book! Best and most relevant “self help” book I’ve ever read especially as someone with an extremely busy life I constantly think about priorities and how to achieve balance. Over the last few weeks since finishing it I have found myself referencing concepts from the book in many of my discussions with friends. I think so many people could benefit from this content!!!
I’m going to recommend this to all new grads heading out into the world. Lots of good advice for people in general but esp for people in their early 20s
I struggled to write this review. This book is good. Really good! Did we expect anything less from Sahil (“SA-hill”) Bloom, *the* Sahil Bloom, the potentially most optimized person I’ve ever met, with his six-pack of steel, his membership to the Core Club in Manhattan (where he’s the youngest member), his double-Stanford pedigree (which he jokes in the book and other spots doesn’t keep up with his Yale sister, Harvard dad, and Princeton mom, who still encourages him, to this day, to “try for medical school” (page 5)). Even his haircut is “intimidating”—according to Susan Cain, who makes a wonderful wisdom-drenched cameo on page 229 in a two-pager co-written with Sahil titled, somewhat unSusanny, “Mental Hacks I Wish I Knew At Twenty-Two.” I mean, the man wakes up at 4am every day to take a televised ice bath. He is OPTIMIZED. I picture him discussing one-legged Romanian Deadlift angles and best brands of organic avocado oil in a group chat with Andrew Huberman, Tim Ferriss, and Bryan Johnson. And big respect to all those guys—it’s not easy being so public, pushing yourself, pushing our understanding of how hard pushing is possible. Just for me I … didn’t quite connect with the book the way I expected to and way I often do with Sahil’s wonderful email newsletter The Curiosity Chronicle. On page 7 Sahil writes: “I was thirty years old and making millions of dollars.” And right away it’s like—um, that’s a tough place to connect. He confesses right afterwards that “…the feelings of happiness and fulfillment I expected were nowhere to be found.” We know this! We hear this everywhere. Money doesn’t make you happy! Just that most of us would like the millions of dollars first—you know, just to be sure. Unfulfilled workaholic twentysomething multimillionaire? This is your bible! He speaks, like we all do I suppose, to the me-of-yesteryear. I guess for me that super left-brainy, quantitative, systems-everything guy is still in there, for sure … just a bit distant. I think I kept wanting to *feel* the book more—in my gut, in my heart. But it just kind of put its feet up in my left brain. I like my left brain! I have sticker charts and trackers up the wazoo. But I also think I read, partly, to get away from that, to tone down that side of myself, to enter places of greater vastness and spirit and soul. As ever: right book, right time. And I do think this book will catch people—like it caught famed billionaire investor Bill Ackman, who Sahil shares he reached out to over Twitter for lunch years ago, or billionaire Apple CEO Tim Cook, who Sahil shares he met while working out regularly in a gym in SF at 4am (“There are no losers in the gym at 4:45 AM,” he says). It’ll catch people who maybe need to chill more? Need to call their mom more, need to get outside more, need to sleep more … need to think about money *less*. In some sense this book feels like you fed every uber-popular self-help book (like those that’ve sold >5 million copies) and every uber-popular self-help viral tweet or LinkedIn post (those that’ve been viewed >5 million times) and you stirred, stirred, stirred them together in a big yellow bowl before pouring that chunky batter into muffin-cup chapters and baked it all into something moist and delightfully chunk-free. Don’t get me wrong: I think it’s incredibly hard to do this! I’m just saying that if you’ve read the genre widely then you probably read about the Eisenhower Matrix (pages 96-97) in ‘The 7 Habits of Highly Effective People’; the history of Parkinson’s Law (pages 100-101) in ‘The Happiness Equation’ and, let’s be honest, before that in ‘The 4-Hour Workweek’ (and, before that, probably in ‘Getting Things Done’ by David Allen); and you probably saw Benjamin Franklin’s ‘daily calendar’ (pages 115-116) in … ‘The Autobiography of Benjamin Franklin.’ If you’ve been online a lot you’ve probably seen the viral Ikigai graphic (pages 212-213), heard the Steve Jobs commencement speech (pages 216-217), and heard many versions of famous Joseph Heller “I’ve got something he can never have … enough” story (pages 313-314) a few places. But, of course, those pieces have gone viral for a reason, and finding them all, bringing them together, is no small feat. This is a book full of “life productivity techniques.” Not getting more done, but maximizing yourself on all the scales. On page 55 he encourages everyone to sit down and write a letter to their future selves. This is the kind of thing I want to do, and maybe should do—but it’s hard. It helps that Sahil generously shares the letter he wrote to himself in 2014 at age 23 which includes lines like “You have a lot you hide from the world. You’re insecure. You compare yourself to everyone but yourself.” and “I hope you live closer to your family” and “I hope you’re working on something that feels meaningful.” Now he his! And you love him for it, for finding and following his dream. He details in the opening chapter a story that feels like Tim Urban’s “The Tail End”—about how a friend told him given he only sees his east coast parents once a year, and they’re in their mid-sixties, he’ll only see them 15 more times in his life. Of course, some of the examples on how to correct this, are … kind of funny. Like on page 37, when Sahil discusses Netflix co-founder Marc Randolph's sturdy rule for himself. What’s the sturdy rule? Every Tuesday night Marc makes sure work is “wrapped up by five” so he can have dinner with his wife. He developed the system after working “eighty hour weeks.” I mean, on one hand, sure. But on the other hand, who the heck is working 7am to 7pm for 7 days a week—so much so they need to calendar in a weekly dinner with their wife? I’d resonate more with the story if it was the other way: tracking nights away from dinner with your family, which feels like the more obvious expected baseline. But I do agree: if you never have dinner with your wife scheduling one a week is a good start! Sahil is an eager and hard-working disciple and distiller and his efforts come through. In this 369-page book, stuffed to the absolute brim with tools, models, “razors,” quotes, and heuristics, you will likely find one thing, perhaps many things, that you can reliably and valuably apply to improve your life. This man has the steepest learning curve, the steepest output curve, and one of the sharpest minds of anyone I know. He's in his early thirties and I know will be someone to follow for decades. I can't wait to see what he gives us in 5 years, 10 years, and beyond.
Solid book! Great one to pick up and revisit to learn from at different points in your life. The base premise is great and while I knew a lot of what was shared in the book, I enjoyed the reminders.
I didn't find the main concepts particularly groundbreaking, BUT the practical tools and systems Bloom offers are incredibly valuable. The book's organization makes it a helpful guide – the self-assessments and 1-week jump start stand out.
There were two thoughts I found myself countering with throughout the book: 1) That life can take drastic, unexpected turns – to what extent are you really in control? 2) Choice is a privilege.
But I think the foundation Bloom begins with are helpful for those very reasons: knowing your north star and life razor provides structure to the moves you make when both challenges *and* opportunities arise.
A great resource for anyone making big decisions or implementing habit changes to live in alignment with what *they* prioritize as important and meaningful.
(I listened to this on audio, but considering purchasing a print copy to revisit on a regular/annual basis!)
I came across Sahil as a guest on the Rich Roll podcast. Immediately he opened my eyes on viewing success in life through different lenses. Specifically the wealth types of Time, Social, Mental Physical and Financial. This book was a stellar read and further delved into ideas explored on the podcast.
I enjoyed going in depth into each type of wealth and learning about the key pillars that underpin them. The best thing about this book was that it made you reflect. Reflect on what your current priorities are, what you want them to be, and how you can move towards your ideal life. There were plenty of strategies to improve in areas that you might be lacking.
I especially appreciated Sahils acceptance that your weighting of the 5 types can shift as you move through different phases of your life. This will mean that I definitely revisit this book for many years to come!
Bloom's book is broken into very short, easy to read chapters. I think he appreciates the decline of attention spans. The chapters are broken up into small bits with chapter summaries. While certain types of wealth have been figured out in my life the time and social wealth were the most compelling chapters. I did find some of his parenting takes such as he's going to be at all his son's sports games (his son is one at the time of writing he tells us) and be his son's coach a little naive. As a parent of teens I can say your children will do what you least expect and have interests in areas you never considered if you give them room. Over all it was an interesting read. I found the chapters on creating monetary wealth to be fairly generic but sound advice for people who are just starting out on their financial journey.
The 5 Types of Wealth is the best book that I have read in 2024! This is not another self help book. This is a how to guide for looking at Time Wealth, Social Wealth, Mental Wealth, Physical Wealth, and Financial Wealth and how to analyze and improve all aspects of life. Each section helps to measure your wealth and then give meaningful steps to improve.
Sahil Bloom combines storytelling, interviews, questions, exercises and insight in a guide to living your best life.
Thank you to NetGalley for providing an advanced reader copy in exchange for an honest review. I have also pre-ordered books for my adult children!
I was stunned by the content of the book. Sahil is someone i follow and aspire to become. But this book is so simple yet radical that i have already started seeing the difference as i apply the laws of 5 types of wealth in my life.
The favorite wealth for me is time wealth.
If i am able to master it, i get everything else. The only thing that we can't keep or earn more is time in our life.
Hence, knowing how to maximize the available time in the best possible way is the best thing we can do.
Packed with insights and actionable guides on the pursuit of 5 types of wealth - Time, Physical, Financial, Mental and Social - it is comprehensive and relatable. And not to mention, the storytelling is engaging.
Just a sexy title. It’s a very basic book, if you haven’t read any business book, you might find it interesting, but in general it’s more of the same, nothing new.
I need a version of this book written for people with housing insecurity and living paycheck check to paycheck while working multiple jobs, not the one for someone who has ever made millions in a job and not found it sufficiently fulfilling. I think the author had good points about the different kinds of wealth people can focus on instead of just money, but this is definitely written from the perspective of someone who has never needed public assistance. The very fact that he could choose not to live with roommates when he graduated (something that cost 2-3x more but gave him the focus to advance faster in his career) puts him in a different financial sphere than the average college graduate. I think there are lots of good things that could be taken from this book, I’d just like to read one for a realistic person in America today. I do hope it can inspire some time wealthy kid to make choices that let them lead a balanced life. Go invest kids, before you do anything else, go invest and forget about it existing for 40 years and you too can choose to focus on your health, physical, mental, and social because your financial will be taking care of itself through the magic of compounding interest.
Seriously though, I’d really like it if he’d provided examples from regular people being able to apply these ideas to increase in the five types of wealth despite a lack of disposable income and free time.
Book-reader mismatch. Bloom is a great and dynamic podcast guest but this book was not what I expected - too much "fill in the blanks/assigned homework", too broad, too many ideas and optimizations and benchmarking all over every area of life to be actionable *for me*.
Featuring: Prologue: The Journey of a Lifetime Designing Your Dream Life, One Thousand Years of Wisdom: What Advice Would You Give to Your Younger Self, Epigraphs, The Five Types of Wealth, King Pyrrhus, The Wealth Score, The Life Razor: Keeping the Earth in the Window, Your True North: Climbing the Right Mountain, Photos, Time Wealth, The Big Question: How Many Moments Do You Have Remaining with Your Loved Ones?, A Brief History of Time, The Three Pillars of Time Wealth, The Time Wealth Guide: Systems for Success, Social Wealth, The Big Question: Who Will Be Sitting in the Front Row at Your Funeral?, The Uniquely Social Species, The Days Are Long but the Years Are Short: Parents, Kids, and Lost Time; The Three Pillars of Social Wealth, The Social Wealth Guide: Systems for Success - The Relationship Map, The Life Dinner, The Brain Trust, The Sattus Test, Mental Wealth, The Big Question: What Would Your Ten-Year-Old Self Say to You Today?, A Tale as Old as Time, The Three Pillars of Mental Wealth, The Mental Wealth Guide: Systems for Success - The Power of Ikigai, Purpose Growth, Space, The Power Walk, The 1-1-1 Journaling Method; Physical Wealth, The Big Question: Will You Be Dancing at Your Eightieth Birthday Party?, The Story of Our Lesser World, The Three Pillars of Physical Wealth - Movement, Nutrition, Recovery; The Physical Wealth Guide: Systems for Success - Goals, Anti-Goals, High-Leverage Systems; Financial Wealth, The Big Question: What Is Your Definition of Enough?, The Financial Amusement Park, The Three Pillars of Financial Wealth - Income Generation, Expense Management, Long-Term Investment; The Financial Wealth Guide: Systems for Success, Conclusion: The Leap of Faith Acknowledgments, Notes, Index
Rating as a movie: PG-13 for profanity
Songs for the soundtrack: "Enjoy Yourself (It's Later Than You Think)" by The Specials,
Books and Authors mentioned: Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear, Apollo 13 by William Broyles Jr. and Al Reinert [based on] Lost Moon: The Perilous Voyage of Apollo 13 by Jim Lovell and Jeffrey Kluger, Troy by David Benioff [based on] Iliad by Homer and Posthomerica by Quintus Smyrnaeus; Through the Looking-Glass, and What Alice Found There by Lewis Carroll's - Alice's Adventures in Wonderland #2, On the Shortness of Life by Lucius Annaeus Seneca, Goldilocks and the Three Bears, The 7 Habits of Highly Effective People by Stephen Covey, Deep Work by Cal Newport, Happier Hour: How to Beat Distraction, Expand Your Time, and Focus on What Matters Most by Cassie Holmes, Sword of Damocles - Greek fable, The Good Life: Lessons from the World's Longest Scientific Study of Happiness by Marc S. Schulz and Robert J. Waldinger, Friends: Understanding the Power of Our Most Important Relationships by Robin Dunbar, The Status Game: On Human Life and How to Play It by Will Storr, Spent: Sex, Evolution, and Consumer Behavior by Geoffrey Miller, The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel, From Strength to Strength: Finding Success, Happiness, and Deep Purpose in the Second Half of Life by Arthur C. Brooks, The Good Life: Lessons from the World's Longest Scientific Study of Happiness by Marc S. Schulz and Robert J. Waldinger, Adam Grant, The Five Love Languages: How to Express Heartfelt Commitment to Your Mate by Gary Chapman, How to Know a Person: The Art of Seeing Others Deeply and Being Deeply Seen by David Brooks, Seneca, The Blind Watchmaker by Richard Dawkins, The Blue Zones: Lessons for Living Longer From the People Who've Lived the Longest. National Geographic Books by Dan Buettner, Mindset: The New Psychology of Success by Carol Dweck, The Writing Life by Annie Dillard, The Big Leap: Conquer Your Hidden Fear and Take Life to the Next Level by Gay Hendricks, What I Wish I Knew When I Was 20: A Crash Course on Making Your Place in the World by Tina Seelig, Imaginable: How to See the Future Coming and be Ready for Anything by Jane McGonigal, De architectura by Vitruvius aka The Ten Books on Architecture by Marcus Vitruvius Pollio; The Iliad by Homer, De Arte Gymnastica (The Art of Gymnastics) by Girolamo Mercuriale, On the Origin of Species by Charles Darwin, Outlive: The Science and Art of Longevity by Peter Attia with Bill Gifford, Catch-22 by Joseph Heller, The Wealth of Nations by Adam Smith, Debt: The First 5000 Years by David Graeber, The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley, Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life by Morgan Housel, Just Keep Buying: Proven Ways to Save Money and Build Your Wealth by Nick Maggiulli, I Will Teach You to Be Rich by Ramit Sethi, Inception by Christopher Nolan
Memorable Quotes: This rare emotional honesty sparked the interaction that altered the course of my life: Friend: How often do you see your parents? Me: Maybe once a year right now. Friend: And how old are they? Me: Mid-sixties. Friend: Okay, so you’re going to see your parents fifteen more times before they die. Gut punch. I had to take a deep breath to avoid an instinctively angry response. This was an old friend, one who knew my parents well. It wasn’t meant to be insensitive—it was just…math. The average life expectancy is approximately eighty years; my parents were in their mid-sixties, and I saw them once per year. The math said I would see them fifteen more times before they were gone. This was the math that broke me. It was the math that changed my life.
We all want the same thing—and it has very little to do with money.
Never let the quest for more distract you from the beauty of enough.
Money isn’t nothing—it simply can’t be the only thing. Three core insights summarize the body of research on the topic of money and happiness:
1. Money improves overall happiness at lower levels of income by reducing fundamental burdens and stress. At these lower levels, money can buy happiness. 2. If you have an income above these levels and are unhappy, more money is unlikely to change that. 3. If you have an income above this baseline and are happy, more money is unlikely to drive increasing happiness.
I’ll never forget a conversation I had with a friend who had recently sold his manufacturing company and made one hundred million dollars. I asked if he was happier now than he’d been, given that he was richer than most people could imagine, expecting him to say, Of course! His response surprised me. He told me that after he closed the deal, he had taken a group of friends and family for a weeklong trip on a rented yacht to celebrate. He was excited for the moment when everyone would board the beautiful vessel, which he had paid for with his hard-earned sale proceeds. But when everyone arrived, something peculiar happened. One of his friends looked over to the next mooring where an even bigger and more luxurious yacht was docked and commented, “Whoa, I wonder who’s in that one!” The happiness and satisfaction that my friend had felt around the moment quickly deflated at the comparison. There’s always going to be a bigger boat. Through the notable omission of money by the wise elders, the scientific research on money and happiness, and the anecdotal accounts from financially successful people, we can derive the most important lesson, the one that sits at the heart of this book: Your wealthy life may be enabled by money, but in the end, it will be defined by everything else.
The warning signs on the path don’t involve loss of life and limb like they did for King Pyrrhus, but they aren’t pretty:
•You hit another quarterly profit target but miss another anniversary dinner. •You earn a record bonus but fail to make it to a single one of your child’s sports games. •You say yes to every single work call but can’t find time to reconnect with an old friend. •You stay in a job for the security but allow your higher-order purpose to wither and die. •You host five client dinners per week but can’t walk up the stairs without feeling winded. •You never leave money on the table but won’t think twice about leaving your peace of mind there.
If you march ahead, eyes fixed on the financial horizon, the Pyrrhic victory awaits.
Time Wealth is the freedom to choose how to spend your time, whom to spend it with, where to spend it, and when to trade it for something else. It is characterized by an appreciation and deep understanding of the precious nature of time as an asset—its value and importance. It is the ability to direct deep attention and focus to the highest-leverage activities. It is the control over your time, the ability to establish your own priorities—to set the terms on which you say yes or no to opportunities. If you have a life devoid of Time Wealth, you are trapped in a perpetual loop of busyness, running faster and faster but never making progress, with little control over how time is spent and whom it is spent with.
Social Wealth is the connection to others in your personal and professional worlds—the depth and breadth of your connection to those around you. It is the network you can rely on for love and friendship but also for help in times of need. It provides the texture that allows you to appreciate the other types of wealth. What good is the freedom to control your time if you don’t have anyone special to spend it with? What joys can physical vitality bring if you can’t enjoy physical pursuits with people you love? What satisfaction can money provide if there is no one to dote on? Social Wealth is defined by a few deep, meaningful, healthy relationships and a fulfilling breadth of surface ties throughout your community or culture. If you have a life devoid of Social Wealth, you focus on acquired social status and lack the consequential, weighty relationships that provide lasting satisfaction and joy.
Mental Wealth is the connection to a higher-order purpose and meaning that provides motivation and guides your short- and long-term decision making. It is grounded in a pursuit of growth that embraces the dynamic potential of your intelligence, ability, and character and an engagement in lifelong learning and development. It is the health of the relationship with the mind, the ability to create space to wrestle with the big, unanswerable questions of life, and the maintenance of rituals that support stillness, balance, clarity, and regeneration. If you have a life devoid of Mental Wealth, you live a life of stasis, self-limiting beliefs, stagnation, low-purpose activities, and perpetual stress.
Physical Wealth is your health, fitness, and vitality. Given its grounding in the natural world, it is the most entropic type of wealth, meaning it is more susceptible to natural decay, uncontrollable factors, and blind luck (positive or negative) than other types. Physical Wealth is defined by a focus on the controllable actions around movement, nutrition, and recovery and the creation of consistent habits to promote vigor. If you have a life devoid of Physical Wealth, you lack the discipline to maintain these habits and you are at the mercy of the natural physical deterioration that robs you of enjoyment, particularly in the latter half of life.
Financial Wealth is typically defined as financial assets minus financial liabilities, a figure often referred to as net worth. On your new scoreboard, there is an added nuance: Your liabilities include your expectations of what you need, your definition of enough. If your expectations rise faster than your assets, you will never have a life of true Financial Wealth because you’ll always need more. Financial Wealth is built upon growing income, managing expenses, and investing the difference in long-term assets that compound meaningfully over time. If you have a life devoid of Financial Wealth, you exist on a treadmill of matching inflows and outflows, a never-ending chase for more. With these five types of wealth, you have a new scoreboard—one that will allow you to win the battle and the war.
•Mid-forties investment professional: I am disciplined. I delay gratification; I never chase the shiny thing. I wake up early and train my body and mind. I take care of myself and others. I work hard on things that matter to me and take pride in punching the clock for people who are counting on me. “I wake up early and do hard things” is my Life Razor. •Mid-thirties stay-at-home mother: I am a caregiver. I am the mother that I wish I had when I was growing up. I always have energy for my kids, no matter how tired I am. I am in a season where I prioritize their growth and development. “I always tuck my kids into bed” is my Life Razor. •Mid-twenties consultant: I am fiercely loyal. I am trustworthy. I have high emotional intelligence. I am always there to sit with a friend in need. I prioritize my relationships and the people on the journey with me. I never let someone down if they’re counting on me, professionally or personally. “I never let a friend cry alone” is my Life Razor.
Technological innovation has increased your connectedness to the world around you. You have more connectedness but you feel less connected.
The single greatest predictor of physical health at age eighty was relationship satisfaction at age fifty.
For ten years, you are your child's favorite person in the entire world.
20. You may read thousands of books in your life, but there will only be a few that deeply change you. Reread them every single year. Your experience with the book will change as you do you'll get new perspectives and doing this will remind you of how you can fall in love with the same thing or person over and over again.
Their jobs depend on convincing you that you need all of it to live a healthy, happy life---and they are very good at their jobs. They shine a light on the imperfections of your current world, show you what your perfect world could look like, and then position Gadget X or Health Food Y as the only thing standing between you and that perfect world.
Your current definition of more becomes your future definition of not enough as you set your sights on the next level that you convince yourself will bring happiness and contentment. I've seen it happen repeatedly and both my own life and in the lives of those around me. That thing you once longed for becomes the thing you can't wait to upgrade. It is a phenomenon that leads people to take out a new line of credit for that home addition they don't really need, to overextend themselves to buy a new car, to go into credit card debt for that fancy new watch, or to allow their health or family to fall apart why they chase and professional promotion.
Many billionaires who have amassed extraordinary riches lack some of the most basic markers of a happy, fulfilling life. Consider the shocking fact that, at the time of this writing, the 10 richest people in the world have a combined 12 divorces among them. The Pyrrhic victory: winning the battle but losing the war.
My rating: 🌟🌟🌟🌟🌟⏳️🫂🧠🏋♂️💵
My thoughts: 📖 Page 129 of 388 [Chapter] 11. The Big Question: Who Will Be Sitting in the Front Row at Your Funeral? - This book is amazing! 📖 159 [Chapter] 15. The Social Wealth Guide: Systems for Success - Wow! This is so insightful and now I have more books on my TBR.
This guy practices what he preaches! Each topic was simple and to the point in vivid detail. I will be rereading this one a few times and certainly passing it on to the family.
Recommend to others: Yes! Absolutely yes! Read it soon.
In a world where success is measured by zeros in bank accounts and material possessions, Sahil Bloom's The 5 Types of Wealth arrives as a necessary corrective to our collective obsession with financial metrics. This isn't just another self-help book promising overnight transformation—it's a methodical deconstruction of how we've been taught to measure a life well-lived, followed by a compelling blueprint for something far more meaningful.
Bloom, the Stanford-educated entrepreneur behind the popular "Curiosity Chronicle" newsletter, brings a unique blend of analytical rigor and storytelling prowess to what could have been a dry treatise on life optimization. Instead, he delivers a framework that feels both intellectually robust and deeply personal, grounded in real stories of people who've discovered that true wealth extends far beyond their net worth.
The Uncomfortable Truth About Modern Success
The book opens with a gut-punch moment that sets the tone for everything that follows. During a casual dinner conversation, a friend tells Bloom he'll only see his aging parents fifteen more times before they die. This stark mathematical reality becomes the catalyst for a complete life redesign—one that many readers will find uncomfortably relatable.
Bloom's central thesis is deceptively simple yet profound: we've been measuring the wrong things. His five-pillar framework redefines wealth across Time Wealth (control over how you spend your hours), Social Wealth (depth of relationships), Mental Wealth (purpose and growth), Physical Wealth (health and vitality), and Financial Wealth (yes, money still matters, but in context).
What distinguishes this framework from other life philosophy books is its practical architecture. Each type of wealth is broken down into measurable components with specific "pillars" that support them. Time Wealth, for instance, rests on awareness (understanding time's finite nature), attention (focusing on what matters), and control (owning your schedule). This systematic approach prevents the framework from becoming another feel-good platitude.
Where Bloom Excels: The Art of Accessible Complexity
Bloom's greatest strength lies in his ability to synthesize complex ideas into digestible frameworks without dumbing them down. His background in economics and public policy from Stanford shows in how he structures arguments, while his experience as a content creator ensures the material remains engaging. The writing style is conversational yet substantive, peppered with historical anecdotes (from ancient Greek philosophy to Viking time-keeping) that illuminate rather than distract.
The book shines brightest in its practical systems sections. Rather than offering vague advice like "be more present," Bloom provides specific tools: the Energy Calendar for tracking time usage, the Two-List Exercise for prioritization, and the Anti-Procrastination System for breaking through paralysis. These aren't revolutionary concepts, but they're presented with the kind of clarity that makes implementation feel achievable rather than overwhelming.
Particularly compelling is Bloom's treatment of Social Wealth, where he introduces the concept of "Front-Row People"—those who would sit in the front row at your funeral. This morbid but effective framing forces readers to confront the quality versus quantity debate in relationships. His exploration of "earned status" versus superficial social positioning feels especially relevant in our social media-saturated age.
The Wealth Score: Ambitious but Problematic
One of the book's most ambitious elements is the "Wealth Score"—a quantified assessment tool that asks readers to rate themselves across all five wealth dimensions. On paper, this systematic approach to life evaluation seems invaluable. In practice, it reveals some of the framework's limitations.
The scoring system, while comprehensive, can feel reductive. Complex life circumstances don't always fit neatly into numbered responses, and the tool risks turning life optimization into yet another metric to obsess over. There's an irony in creating a scoring system for a book that criticizes our over-quantified approach to success.
More problematically, the book occasionally falls into the trap it seeks to escape: treating life like a optimization problem to be solved. Bloom's engineering mindset serves him well in creating clear frameworks, but life's messiness often resists such systematic approaches. The tension between accepting life's natural seasons and constantly working to improve across all five dimensions isn't fully resolved.
Missing Nuances and Oversimplifications
While Bloom acknowledges that his framework should adapt to "life seasons," the book doesn't fully grapple with how dramatically circumstances can alter these equations. A single parent working multiple jobs to support their family faces fundamentally different Time Wealth challenges than a Stanford graduate with venture capital access. The book's examples, while diverse, skew toward people with significant existing privilege and flexibility.
The Financial Wealth section, despite Bloom's obvious expertise, feels somewhat perfunctory compared to the more innovative sections on Time and Mental Wealth. His investment advice is sound but unoriginal—the kind of low-cost index fund wisdom that's become standard in financial literature. Given his background in venture capital, readers might expect more sophisticated insights into wealth building.
Similarly, the Physical Wealth section, while emphasizing important fundamentals like sleep and movement, doesn't break significant new ground. The advice is evidence-based and practical, but those seeking cutting-edge health optimization strategies will find the content somewhat basic.
The Power of Personal Narrative
Where Bloom's book transcends typical self-help territory is in its honest examination of his own journey. His decision to leave California for the East Coast to be closer to aging parents—and the subsequent positive ripple effects on his marriage, health, and career—provides a compelling case study in how the framework operates in real life.
These personal elements prevent the book from feeling purely theoretical. When Bloom describes holding his newborn son while reflecting on an elderly stranger's advice about how quickly childhood passes, the abstract concept of Time Wealth becomes viscerally real. This ability to ground theoretical frameworks in lived experience elevates the material considerably.
Implementation Challenges
The book's practical ambitions are both its strength and potential weakness. Bloom provides so many systems and tools that readers might feel overwhelmed by choice. The "Systems for Success" sections at the end of each wealth type offer valuable resources, but implementing even a fraction of them would require significant time investment—itself a challenge to Time Wealth.
The framework's comprehensiveness also raises questions about prioritization. Should someone struggling financially really be spending significant time on Mental Wealth activities like meditation retreats? Bloom acknowledges these trade-offs but doesn't provide enough guidance on sequencing or situational adaptation.
Cultural and Philosophical Depth
One of the book's unexpected pleasures is its historical and cultural perspective. Bloom traces concepts from ancient Greek philosophy to Viking mythology, showing how different civilizations have grappled with similar questions about meaningful living. These sections demonstrate intellectual depth beyond typical business book fare and provide valuable context for why our current metrics of success feel inadequate.
The philosophical underpinning—that balance across multiple life dimensions creates more sustainable fulfillment than single-minded financial pursuit—feels both ancient in wisdom and urgently contemporary in application. Bloom successfully argues that our current success paradigm is both historically recent and culturally specific, opening space for alternative approaches.
The Verdict: Valuable Despite Its Limitations
The 5 Types of Wealth succeeds in its primary mission: providing a compelling alternative to purely financial definitions of success. Bloom's framework offers genuine utility for anyone feeling trapped in the "Red Queen Effect"—running faster and faster just to stay in place. The book's systematic approach makes abstract concepts actionable, while its personal narrative elements prevent it from feeling coldly mechanical.
The framework's limitations—its potential for over-quantification, its assumptions about privilege and flexibility, its occasionally overwhelming scope—don't negate its core value. Most readers will find at least one or two wealth types where Bloom's insights genuinely shift their perspective or provide practical tools for improvement.
For readers already familiar with life design literature, the book offers valuable synthesis and a useful organizational framework rather than revolutionary insights. For those new to thinking beyond financial metrics, it provides an excellent introduction to more holistic approaches to success and fulfillment.