Afford Anything - The Four Kinds of Rich Nobody Counts -- with Sahil Bloom [GREATEST HITS]

Episode Date: August 28, 2026

#745: A friend once asked Sahil Bloom how often he saw his parents. About once a year, Sahil said. How old are they? Mid-60s. His friend did the math out loud. If they live to 80, you'll see them 15 more times. Sahil was 30, living in California and making great money at a venture fund. Within 45 days of that conversation, he quit his job, sold his house and moved across the country to be near family. He's now managing partner of SRB Ventures, an early-stage fund backing more than 60 startups, and he writes The Curiosity Chronicle, a newsletter read by millions. His book, "The 5 Types of Wealth," is a New York Times bestseller. His framework starts with a scoring problem. Financial wealth gets measured every day. Time, social, mental and physical wealth run in the background, unmeasured, until something forces you to look. You'll get exercises for each. Build an energy calendar that tracks which activities charge you up and which drain you. Map your relationships by how healthy and how frequent they are. Ask what your family and your community need from you. Define what "enough" means in dollars, then write the number down. Sahil also walks through anti-goals — the things you refuse to sacrifice on the way to a goal — and Memento Mori, the Roman habit of keeping your own death in view. Two questions run underneath all of it. Think about how you spent yesterday. Would your 10-year-old self be impressed? Would your 90-year-old self? You don't experience all four seasons in a single day. Sahil argues your life runs on seasons too. Some stretches call for financial growth. Others call for family. Find Sahil at the5typesofwealth.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Most of us measure our financial wealth. We know our net worth, even though as we recently discussed in our interview with Joseph Moore, it's also a little bit of a meaningless number. Beyond financial wealth, what are four other types of wealth we should be tracking? In today's episode, our guest, Sahil Bloom, talks about mental wealth, social wealth, time wealth, and physical wealth. He argues that true wealth encompasses all five domains. The four that I, I just named Plus Financial, and we need to be investing in each one. Welcome to the Afford Anything podcast, the show that knows you can afford anything, not everything. I'm your host, Paula Pant, and the episode that you're about to hear originally aired in February 2025. It was one of our

most popular episodes of last year, so we brought it from the greatest hits vault to share it with you today. So if you didn't catch it the first time around, here's your chance. And if you did, it's worth another listen. Sahil Bloom is the first. founder and managing partner of an early stage venture fund with investments in more than 60 startups. He's also the author of a newsletter called The Curiosity Chronicle. His newsletter reaches more than a million readers worldwide. He joins us to discuss the five types of wealth. Welcome, Sahil. Thank you so much for having me. I'm thrilled to be here. Oh, well, thank you for being here. But speaking of being places, Sahil, how often do you see your parents? It's a great opening

question. I see my parents several times a month now. Oh, that is a major change because there was once a time when you thought you would only see them, probably 15 times in total before they pass away. Tell us about that. Yeah. The real turning point, the inflection point in my life, was a single conversation that I had with an old friend. I was living in California at the time. My wife and I were there, my family, and I had grown up on the East Coast out here in the New York, Boston. area. And I was seeing my parents about once a year. COVID had happened. Life had happened. We had built our whole life out on the West Coast. I had taken a job there. I was chasing financial success. I was chasing career success. All of these things that we're told were supposed to chase. And along the way, I had really grown distant from the people that I was closest to. My parents, my sister, all on the East Coast. And I went out for a drink with an old friend in May of 2021. And we sat down and he asked me how I was doing. And I told him that, It had started to get difficult being as far away from my parents as we were, very close with my parents growing up.

And it had come to the time when I saw the chinks in the armor, if you will, in their health. They were getting to an age in their mid-60s where things start to happen. You start seeing parents or friends have health things happen. I'd started to see my parents slow down. And so it had started to become difficult being so far away. My friend asked, how old are they? and I said they're in their mid-60s. And he said, how often do you see them?

I said, about once a year. And he just looked at me and said, okay, so you're going to see your parents 15 more times before they die. And I remember feeling like I had been punched in the gut. The idea that the amount of time you have left with the people you love most in the world is so finite, so countable

that you can literally put it on a few hands was just jarring to me. The next morning I woke up and told my wife that I thought we needed to make a change. And within 45 days, I had left my job on the West Coast. We had sold our house in California and moved back to the East Coast to live within driving distance of both of our sets of parents. And so now when I say that I get to see my parents several times a month, and they're such a huge part of my son's life,

and I get to experience the joy that they have, being grandparents and being so active in his life and get to be around them as much as I am, that is a representation of this entire idea of building a life around the things that matter to you most and taking actions to actually change the things that you don't like about where you're headed. What that reminds me of is a famous blog post that Tim Urban put out, which I know you're acquainted with as well, in which he calculates not just the number of times that we'll see our parents before they pass away, but the number of books left to read in a life, even if you're young, even if you're 30 or 40, if you read one book a year, the number of

books that you're going to read throughout the course of your life is actually relatively slim, and it goes like that with almost anything that's countable. It's a beautiful blog piece. If you haven't read it, it's called The Tail End. And it was, I think the first time that anyone had articulated time in the context of moments or experiences, whether it was moments with the people you love most or whether it was experiences like reading the book or going for a walk on the beach or eating your favorite ice cream or whatever those things are. And I assume it was the genesis of this old friend of mine. I'm sure he had read that piece and sort of had that articulated when he said this to me. So I'm very grateful to Tim, who is now actually

a close friend because I feel like Tim sort of changed my life in that way. And You know, Sam Harris, the philosopher, also has a beautiful articulation of this. He says that there is a last time for everything in life. There is going to be a last time that you do it. So all of the things that you love most dearly in the world, the moments you have with your children, the moments you have with your parents, with your siblings, with your best friends, your favorite peaceful moments, doing whatever it is that you love doing, there is going to be a last time that you get to do those.

And I write about that. We don't appreciate time as our most precious asset. Time has this characteristic where you don't think about it at all. And then at the very end, it's the only thing you think about. It suddenly goes to the top of your awareness. But when it's too late, you can't do anything about it at that point. And so a big call to action is to consider these things to actually ask yourself these questions earlier. Shine a light on your path today so that you can take actions to change it.

And the example that we talked about of our own decision to move across the country is a perfect, example of that. That number, 15 times before they die, went from 15 to in the hundreds by taking a simple action, a drastic action, but a simple action. And so the lesson there is that you are actually much more in control than you think. It's very easy to sit in the passenger seat in your own life and to say, oh, well, these things happen, health things happen, life happens, I don't see my best friends as much, all of these things that we bemoan later on. But you are in control of taking a single action that can change many of those. You can text the friend and say, hey, let's go out for a lunch date once a month. You can make sure that you are the catalyst for getting your group of

closest friends together once a year for that annual trip that has fallen by the wayside. You can make sure that your family comes together. You can spend those present moments with your kids while they're still young and they still want you to tuck them into bed at night. All of those things are within your control, but only if you first develop the awareness of just how finite and fleeting they are. Right. Because of eventually there will be that last time that you tuck your kids into bed. And you won't know when that last time is. It's only in hindsight that typically you don't even remember when that last time was. This is probably the scariest thing in the world to me right now. I have a two and a half year old son.

And not to get overly personal, but for several years my wife and I had struggled to conceive prior to my son being born. It was while we were living in California. I was making a lot of bad decisions, both internally and externally in my own life, chasing a lot of the wrong things, drinking seven nights a week, not treating myself well, not being present with the people I loved most. And it was a strain on our life, and we were struggling in that way. We made this big life change. We moved back to the East Coast. I shifted my focus and started prioritizing the right things in my life, and my wife got pregnant, naturally. I'm not a particularly religious person, but it felt like one of those moments in life where God winked at you.

The second we've made this decision and made these changes, life came into alignment and everything fell into place as it should. And now my wife and I have so much gratitude for the fact that we were able to have our son that he's with us, that knock on wood, he's healthy and happy. And I am so deeply aware of just how short this window of time is that we have with him, where for 10 years, you are your child's favorite person in the entire world. You are literally everything to them. And then after that 10 years, they have other favorite people.

They have best friends. They have girlfriends, boyfriends, partners, spouses. They have their own children. And you will never occupy that same place in their life. But for that 10 years, you are literally everything to them. And so I am so hyper aware and focused on during that tenure window, making sure that we are present, making sure that we do give him our energy in that way, so that we can just embrace it, so that we don't lose sight of the fact that it could be the last

time on any given day that he wants us to tuck him into bed or do those things with him. Well, if you've got 10 years and he's two and a half, that's a quarter over already. I know. And that's the scariest part of it, right? It's what makes these things so precious, though, is the fact that they are finite. There's this quote from one of my favorite movies, Troy, where Brad Pitt is playing Achilles, and he says that the gods envy us because we are mortal. And there's this whole thing of wanting to be immortal in life. But the reality is that being mortal makes every moment more beautiful.

And I think about that a lot. I mean, all of these things, the fact that they are so fleeting is what makes them so beautiful. I want to come back to that topic of mortality in a moment because it reminds me of moment. Mory, something that they used to say to Roman soldiers as they were being paraded down the street. But before we get to that, I want to relate your story to something else that you talked about. When you were in California, you were chasing money, you were drinking. And when this inflection point happened and you began that shift, you started interviewing people as a student of the human experience.

and you interviewed a woman who said that in a very painful way, she learned that it's later than we think. Tell us about that. Yeah. This is a woman named Alexis Lockhart, who has now become a friend and someone that I admire in a variety of ways in life. But while I was on this whole journey and sort of shifting my life and trying to figure out what were the things that I wanted to center my life around, what was the true north, if you will, of where I wanted to go. I started by spending time with people, people from all walks of life, different experiences, to try to understand what were the common themes, what were the things that we all really want in life that we're all trying to head towards. And fortunately, along that journey, I was writing

a newsletter twice a week. And the thing about putting content out into the world is that it sort of becomes a magnet for people, for the ideas that you're sharing. And so I received this email in response to something I had written from a woman named Alexis Lockhart, who told me, a story of tragic event in her own life, which was that her son, Jackson, had been killed in a car accident just after his 20th birthday. And she wrote to me to tell me the story of the fact that she, for the longest time, had had an awareness that the amount of time we have with people in our lives is fleeting. And it had always been a theme and how she had thought about her life. And what it meant was that every single moment she had with her children, she really cherished.

And so she said that just before he was killed, they had had this party for him for his birthday, and they had really celebrated him. Even though he was too old for this type of party, they really embraced it and were really present in the moment. And so she's able to have this clear-eyed wisdom, despite this indescribably tragic event that had befallen her. She didn't have regrets about the way that she had lived, about the way that she had loved him. And there was so much beauty in that. And she shared that line, which is from one of my favorite songs, Guy Lombardo, the song is, it's later than you think. And it says, enjoy yourself, enjoy yourself.

It's later than you think. So for all these moments in life, that line, I think, is something that has echoed through and is very common in the book, is to just remember that. It's later than you think. But what do we do with that information in the context of the fact that we still have to put groceries on the table, fill our tanks with gas, keep. the lights on. I mean, many of the people who are listening to this are pursuing financial independence because they don't want to spend 60 hours a week at the office, but there is still that gap

between the portfolio that they need in order to be able to have time freedom and where they are today. I think there's a few things here. So first off, this is the fundamental tension of life, which is the tension between ambition and presence, meaning presence is those moments with the people right now, where you are, where you're sitting. And ambition is the things that you want to do. It's the fact that we do want to go and build financial freedom, financial independence.

We might want to go build a big company or go make more money because we're grounded in our purpose and we're working on things that we really care about. Finding your balance across that tension point is the question in life. that you need to wrestle with. But the point is that you need to ask yourself that question. It can't just be something that you default into because the default ends up being spending way too much time on the external pursuits, the chase for more, and not enough time on the presence and those moments with the people you care about. Once you ask yourself the question and you develop

the awareness, you find a more happy medium between the two. But if you don't ask the question, you default into the chase for more because it is the societal definition. It's the way that we measure ourselves in the world. So it's a very important thing to actually ask yourself that along the journey. The second thing I'll say is if you have an actual awareness of the time piece, as you are pursuing your goals and your ambitions, you will have a clear eye towards why you are doing that. The fact that you are trying to build that freedom for later, that you are going to go create a world where you do have more time freedom later in your life, most people just say They say the word later gets thrown around all the time.

Say, I'll spend more time with my kids later. I'll have more time for my health later. I'll spend more time with my friends later. I'll ground myself in my purpose later. And the sad thing is that later just becomes another word for never. Because those things won't exist in the same way later. Your kids aren't going to be five later. Your friends won't be there later.

Your health won't be there later. All of those things will not exist in the same way later. So later becomes another word for never. unless you are clear-eyed enough about the awareness all along the way, unless you are so grounded in understanding why you are doing those things so that you're designing them into your life slowly as you continue to progress. You said asking yourself the question is important, but there are actually a few questions that we should be asking ourselves. And to get into what those questions are, let's first establish a framework that you have for measuring different types of wealth. Because you talked about how we chase what we quantify, so why not quantify wealth in a manner that's not strictly financial? Yeah. Peter Drucker, the management theorist, once said, what gets measured, gets managed.

And that idea is that the thing that you can measure ends up being the thing that you narrowly focus on, the thing that you sort of myopically hone in on in your own life. That has historically been money, simply because it is so measurable. You can put a single number and apply it to your life worth. That is who you are as a human. And that is how we measure ourselves against people and against ourselves. It creates a very unhealthy dynamic, as we know, when you get into this comparison game, the keeping up with the Joneses phenomenon of these symbols of money that you're trying to accumulate.

And it doesn't lead to the happy, fulfilling life that we think. Up to a point, money is very conducive to happiness because it reduces our fundamental burdens and stresses. It enables us to spend time on things that we care about. Beyond that point, these other areas of life are what drive lasting happiness and fulfillment. We actually know that. The science is very clear. Relationships, your health, being grounded in your purpose, curiosity, clarity of mind. These are the things that actually drive a happy, fulfilling existence.

But what we think is that chasing more money is going to get us to that end. And for a lot of people, you get to that end and you realize, oops, didn't work. I made the wrong choices all on the way. It's too late. The whole goal with my mission more broadly in life is to help people ask these questions earlier so that they can ground and measure their life around the things that are actually contributing to a healthy, wealthy existence. Money is one of those. Don't get me wrong. I'm not saying money is nothing. I'm simply saying it can't be the only thing. There are five types of wealth. Money is one of them, financial wealth. The others are time wealth, social wealth, mental wealth, and physical wealth. So time wealth is what we've talked about. It's

how you spend your time, who you spend it with, the ability to choose. Social wealth is your depth and breadth of connection to the world around you. It's the people that you surround yourself with. Mental wealth is your curiosity, your purpose, your growth, your ability to create space, to wrestle with the bigger questions in your life. And then physical wealth is your health and vitality. It's your ability to actually enjoy the other types of wealth because you're healthy enough to do it. So measuring yourself across that broader picture is a very good way to think about what you are building towards in your own life. If you are doing extraordinarily well on financial wealth, but you have none of the others, life is not going to be particularly

fulfilling. I mean, what good is having a yacht and a private jet if you're alone on it? What good is having all the money in the world if you can't move around because you're so unhealthy or overweight. All of these things need to be built in concert as you think about building a lasting, durable, fulfilling life. So how do we check in with ourselves and measure ourselves in all of these verticals? And we'll start. We've talked about time wealth. So let's just start with what is the key question that we should be asking ourselves to assess whether or not we have a healthy time net worth?

I offer a sort of assessment tool. I call it the wealth score, which is a really nice way to just think about where you are as a baseline across all of these areas. You can actually go to wealth scorequiz.com and take an online version of it. So it's sort of a circle that fills in across these different areas to give you a sense of what your baseline is. And it'll give you a score from zero to 100. And you can use that as your life net worth, if you will. What are some examples of some of the questions? Each type of wealth has five statements. You answer for each statement from strongly disagree to strongly agree. So under time wealth, one of the questions is, I am in control of my calendar and priorities. That is a very essential piece of time wealth. If you don't feel like you are in control, you could be making $10 million a year, but if you have zero control over how you're spending your time, the meetings you're in, the things you're thinking about, you are not very time wealthy. I have plenty of friends who are like that. Tremendous financial wealth. But if they have to answer a phone call from an angry client at 11 p.m. on a Sunday night, they don't have a lot of time wealth by the definition that we're talking about. And across each of these areas, it has statements like that that will allow you to sort of think clearly about whether you are building and whether you have that type of wealth in your life. What that does, once you measure the right thing, is it allows you to make clear decisions about changes and opportunities in your life. I'll give you an example. Let's say that you were to come and offer me $25 million to go and take a new job in Omaha, Nebraska.

Nothing against Omaha, but I don't live there. On the surface in the traditional definition of wealth, that sounds like a hell yes opportunity. You're going to pay me an extraordinary amount of money to go take this job. I would just say yes and go jump at it. Now let's think about the new definition of wealth that I'm proposing. Yes, it's a big win for. for financial wealth. But let's say that I'm going to have to work 80 to 100 hours a week on things I don't like doing, travel 300 nights out of the year and be living in Omaha, Nebraska. Okay, well, now I need to think about it a little bit differently because financial wealth was won. That's a clear win. But time wealth, going to go way down because I'm not going to have any time. Social wealth, I don't know anyone in Omaha, Nebraska. I'm going to be living far away from my family. I don't have friends there. Big hit to that. Mental wealth, you're telling me I'm going to work

on things that I hate. That's a pretty big hit. And physical wealth, if I'm working 80 to 100 hours a week, I just probably am not going to have time to do the things that I want to do. Plus, it's really cold there in the winter, so I probably won't be able to be outside much. So a decision that previously looked like a slam dunk in terms of the old scoreboard now looks like a slam dunk in the other direction on the new scoreboard. It sounds like an absolutely not decision. So having a sense of the overall picture of where you're trying to build towards allows you to make clear decisions across all of these as you're measuring stick. Can you talk about how in different seasons of life and in different life circumstances,

your weighting of one of these five categories, whether it be social or physical, might be heavier than you're waiting in some of these other categories, that all five are not going to be 20%, equally 20% across the board at all. times. This is a brilliant question that you raise. And I would argue it's one of the most important questions when you think about this, because one of the ideas that I bring up is that your life has seasons. And what you prioritize and focus on during any one season will change. During your 20s and 30s, it is a fantastic time to prioritize and focus on financial wealth, building a foundation that you can compound off of, that you can scale over the rest of your life. We know, and I'm sure you've had

plenty of guests on this and talked about this, that money invested early is better than money invested late. Simply because if you look at the equation of how compounding works, it is returns to the power of time. Time is the exponent. So that is the thing that really matters. That means that that early season of your life is a great time to start stacking those chips. As you get older, if you have young kids, if you have other considerations later in life, those focuses can change. You may want to prioritize social wealth when your children are really young, being present during those years. You may want to prioritize your physical wealth in your 40s as you start to feel the deterioration that happens as you get older. What you focus on can shift during any one period. But the point

is that you don't allow any one area to completely turn off or atrophy. The analogy that I use is that typically we've been told that these areas of our life exist on on-off switches. There's this concept that's called the four burners theory that you can only really have like one burner on full at a time or maybe two on sort of half and everything else is off. I just fundamentally disagree with that because all of these areas exist on a dimmer switch. And you can take the one or two tiny actions that compound toward the future. The exact same way that we think about investing in financial wealth where we say it doesn't matter. If all you have is $10 to invest per week, invest $10 a week because it's better than zero, because anything above zero compounds.

That applies to all of these other areas of life. It's better to go for a 15-minute walk every day than to do nothing for your physical wealth. That will compound positively because anything above zero compounds. It's better to text the friend to let them know you're thinking about them. Even though you're focused on financial wealth and you're not going to see them as much as you want, send the text. Call your parents. The five-minute thing that you do when you're truly present compounds positively in those relationships.

So this whole narrative of things needing to be on or off is dangerous because it tells you that optimal is more important than beneficial. And sometimes you just need to do the thing that is beneficial, the tiny thing that is going to compound positively in your life. So rather than all or nothing thinking, it's be intentional about which areas are in growth mode versus which areas are in maintenance mode. Perfectly said. And I think that, I mean, for most people, as I said, the 20s and early 30s are a great time to be in growth mode on the financial side. You're building that financial foundation. You're building your experience. You're trading time for networks, for money, for knowledge, for experience, for all of those things. After that, you're going to be in a much better place to work smart on those things because you have experience and knowledge and networks and money. And so now you can deploy those strategically into the right opportunities that maybe have the 10 or or 100x outcomes. And then you have the freedom as a result. You have more time freedom as a result of that to reinvest in some of these other areas of your life.

But thinking about that full picture is what allows you to both measure and then decide and then also proactively design where you are trying to head. What should a person do? Let's say there's somebody who's listening to this right now who is 50 years old. And up until this point in their life, they didn't focus a whole lot on their finances. Right? And so now they're 50. They're staring at possibly a negative net worth. They don't have a huge income. They're listening to this and thinking, well, it's too late for me to have spent my 20s and 30s doing that. What should they prioritize? I think there's a few things here. So first off, I would take the assessment and get a sense for where you stand today. There are millions of people in the United States and all around the world who, by a traditional definition of wealth, feel like they haven't done well in life. and by a new definition, they are doing quite well.

One of my dearest friends has a degree from the same university as me. Stanford. He went to Stanford, got a great degree, decided that he wanted to move back home after that, played professional baseball, moved back home. He's now a gym teacher and coaches high school sports teams. By the traditional definition of success and wealth, he's not doing very well. He went and got a Stanford degree and now is probably making, 50 or $60,000 a year, which don't get me wrong, it's not bad, but he's not killing the game

in the financial sense. But then you look at the other areas of his life. He lives within walking distance of both his parents and his wife's parents. He has two beautiful, healthy children. He is super fit and gets to be outside every single day, which he loves doing, goes hiking all the time, plays a ton of sports, loves what he does for work, loves working with kids, loves all the coaching that he does. The other pieces of how you think about a wealthy life, he is doing incredibly well. And he is significantly happier and more fulfilled than a lot of my friends who are making several million dollars a year doing something that they hate. And so the first answer to your question is that I would look at the assessment and see where you think you stand on the bigger

picture of life. Because there is a hopeful message for a lot of people here who feel, in the traditional sense, that they have not done well, when in fact they are doing quite well when they would actually really look at it. The second piece here is just to say that the old Chinese verb is very correct, which says that the best time to plant a tree was 20 years ago. The second best time was today. And that is how I would think about it if I had not, if I woke up and I was 50 years old and I was not in the place I wanted to be financially, the actions that you take today are the only actions that you can control and that matter. And the first thing I would do is develop a very clear sense of the gap between my current cash inflows and my current cash outflows. I think that that

gap is your most powerful asset as a financial wealth building tool because what that means is you can take that gap and invest it into things that we're going to compound for your future. But you have to create that gap and sometimes that isn't fun. When you're in your 20s and you're trying to create that gap, that means living below your means. That means saying no to things that you previously would have wanted to do when your friends invite you out or when the concert tickets or movies or whatever those things are, you sometimes have to say no to those to create a gap so that you have that, that you can stack. In your 50s, the exact same principle applies. It is grow your cash inflows as your skills build, manage your expenses so that they don't grow as fast as your income does,

and then invest the difference that is hopefully growing over time into things they compound. Given that not just our time, but our energy, our attention, our cognitive bandwidth is limited, focusing on any one given category necessarily has to come at the expense of another. The more time that we spend focusing on the financial category of wealth, the less that we can spend on social or on physical, for example, how do we, particularly for somebody who's in their 40s or 50s or 60s, who's facing that curtailed time, how do we know if we are making the right tradeoffs? In other words, how do we inoculate ourselves against prospective regret? The overthinker's dilemma is that you think you need to make the perfect decision in any one moment.

And the reality is that there's no such thing as the perfect decision. You just have to make a decision and then make it right with the actions that follow it. Most successful people in the world don't make perfect decisions. They just make decisions very quickly. And then they take action after that to make the decision right. I've heard that phrase before, like make the decision, then make it right. And I've always really liked that. The point in terms of what you decide to focus on is that it should be in line with the things that you actually care about.

Not what I care about, not what you care about, but what the person actually cares about. So that requires a level of reflection. It requires actually sitting down and thinking, what do I want my ideal life to look like at age 80? Let's say I'm 50. Let's say I'm 60. What do I want my day to look like at age 80? How do I want to feel? Where do I want to be?

Who do I want to be surrounded by? What do I want to be thinking about? What do I want to be doing? What do I want to be eating? All of the questions, really visual. what that life should look like, and then think about what are the actions today to go and create that future end. And when you go ask people that, I ask thousands of people that question over the last three, four years. And basically everyone says some variation of four commonalities,

time, people, purpose, and health. And the degrees to which people are focused on different ones in their change, but really those four things appear for everyone. Money is an enabler to some of those for sure, but it is rarely an end in and of itself around them. But asking yourself that question and really clarifying what that end looks like for you will make very clear what you need to do in the present to go and build towards it. And when it comes, you mentioned again asking yourself that question. So when it comes to those key questions in each domain, one of the questions for the physical domain on the topic of being 80 is, will you be able to dance on your 80th birthday. Yeah. This is one of my favorite ideas is this idea of like mental time travel. It's very

hard to see the bigger picture in your life on a daily basis because you live in first person mode. You live so zoomed in in the weeds of your life, the day-to-day stimulus in response, the craziness, the urgency, everything that's hitting in your life. And we rarely take the time to zoom out and think about the bigger picture. And so that question, will I be dancing at my 80th birthday party? it clarifies a whole lot about what you're doing today, your actions in the physical wealth domain. If you were to zoom forward in time to your 80th birthday, are the actions that you are taking today enabling you to live in a future where you are able to go get out on the dance floor with all of your family, loved ones, and friends on your 80th birthday?

And if not, you can start changing that today. There's nothing stopping you from going out for the 10 or 15 minute walk today. Everyone can find time for a 10 or 15 minute walk. But what happens is we live in a culture and a society, and social media has made this worse, where you are told that if you're not doing the fancy complex routine, you shouldn't do anything. I don't have time for an hour at the gym, so I'm just not going to do anything today. That type of thinking is what leads us down this negative spiral, because you start to think that it has to be optimal for it to be beneficial.

And it's not true. And ambitious people and high achievers are the worst at this. Because in their mind, they're like, well, if I'm not able to do. do the hour of focused work, I shouldn't do the work. If I'm not able to eat the perfect meal, I shouldn't just have the junk food. If I'm not able to do the hour workout, I shouldn't work out at all. If I don't have an hour of time for my partner or spouse, then it doesn't even matter. I should just keep working. And the tiny things, again, goes back to my earlier point, the tiny things compound positively in your life, but you have to have the mindset shift to enable

that. We've talked about the time domain, the social domain, the physical domain, and the financial domain, we haven't quite touched on the purpose domain yet. Can you talk about how to even assess whether or not the work that we're doing is aligned with our purpose or the life that we're living is aligned with our purpose? I believe the question for that is what would your 10-year-old self say about your life today? Yeah. I love that. Again, it goes back to this idea of mental time travel. And I've often thought that there was this interesting perspective that was created both by your younger self and your older self on where you are today. So make decisions. You're that both your 10-year-old self and your 80-year-old self would be proud of.

Idea being your 10-year-old self would probably tell you to have some fun. Your 80-year-old self would tell you to invest in things that compound for the future. And somewhere in between is the life well-lived. Your 10-year-old self is curious. Your 10-year-old self pursues things that they're interested in. Your 10-year-old self is grounded in that curiosity and sort of wonder for the world. But we lose that over the course of our lives. A big reason is because we do not have the space in our life to pursue our curiosity.

We don't have the space to think about the bigger picture questions, what we really care about, what we want to focus on where we are headed, whether we are connected to something on a higher order, or whether we're just constantly in this cycle of stimulus and response. I think the idea that your purpose has to be your work is one of the worst lies you've been told. Western culture in particular has propagated that idea, that you have to love your work. Otherwise, you're doing something wrong. That you have to be grounded in purpose every single day when you go to work. And it's just a complete load of nonsense because that is a rarity. The number of people that truly love what they do every single day show up and feel like it's their purpose and that this is what they're meant to do is few and far between. And telling people that they need to do that is just a recipe for feeling unhealthy.

happy. What you do need to do is connect to your purpose while you are at work. I'll tell you the distinction. I interviewed a man who works at a factory. He puts together widgets on an assembly line, basically for eight to ten hours a day. Doesn't like his job. Works manual labor, basically doing a monotonous task over and over again every single day. But his purpose, as he defines it, is to be the father that he never had, to provide for his boys in the way that he didn't feel his father did and to be the type of father that he wants to be. Every single day when he goes to work, he connects to that purpose. He says, I am doing this in service of my higher order purpose, which is to be a provider for my sons. So every day when he goes to work, he has real energy

for the work. Despite the fact that he doesn't like it, despite the fact that the work itself is not his purpose, he connects to something that is. That is where most of us can find the gold in life. it is by recognizing what our higher order calling is, what the thing is that we truly feel connected to, and then finding the energy in our work to align the two, to feel that connection between the two. So if your purpose is to be the best mother or father you can be, if your purpose is to be a light in your community, to provide value for people in the community, to give back to your church group, to be the brother that you want to be, whatever that is, whatever that higher order purpose is, learn to connect your work to that, but it doesn't have to be that your purpose is found in your work.

So what you're describing right now is a construct in which work is a means to an end rather than an end in itself. But what about for the people who have dreams, goals, ambitions, you want to build a business, you want to write a book, you want to have a career as an actor or a comedian, right? All of those are considered career ambitions, but they're also just quite just quite just. genuine. I think that's wonderful if you can find that. I mean, look, I'm sitting here. I feel very grounded in my purpose when I get to do things like this. I define my purpose as creating positive ripples in the world. And I think I can do that on the level that we're interacting on, which is sharing ideas with the world, the book, content, things that I put out that now reach millions of people every single week. That feels very grounded in my purpose. I also feel

I can do that on a family level by the way that I interact with people in my family can create a ripple where they are able to be uplifted to go and interact a little bit better in the world. You can find your purpose and your work. I'm just saying that you don't have to in order to feel fulfilled in order to feel happy. I also think that it is okay to allow things that you are passionate about to remain as hobbies and passions. You don't have to monetize or make every hobby or passion into your job. That is another thing that you've been told that we live in this like social media monetize the side hustle culture where, I had recently an interaction with a young woman who loves dance. She does a lot of like traditional

dance. And she was asking me, like, do you think I should monetize it? I really love it. Maybe I could make some money from it. And my advice to her was no. Because scientifically, we actually know that the second you start monetizing something that you love, you're going to love it less. The Stanford marker experiment was this famous experiment done at Stanford in the believe 1970s, where they, went into a school with a bunch of children and they saw children that really enjoyed drawing. And they gave half of them a reward for the drawing. And then the other half just were drawing with no reward. They came back 10 days later and the kids who had been given a reward for the drawing actually didn't want to draw. They had lost intrinsic motivation after receiving a reward for doing it,

where the other kids continued to love drawing just as much. And so it's scientific evidence for the fact that actually monetizing that passion or hobby or excitement or interest is potentially a way to make yourself enjoy it less. There's a joke actually about a man who he's at his home and a bunch of noisy, rowdy teenagers are walking down the street. They're coming home from school and they're clanging on mailboxes and they're just being really rowdy. And he wants them to stop. But rather than go out and yell at them, he goes out and says, hey, I love that percussion. I'll pay you a dollar every time you do it. And so he pays them a dollar and that goes on for about a week or two. And then he goes back out there and says, you know what? My money is tight. I can only afford to pay you a quarter for that. And the kids say, we used to make a dollar for it. We're not going to do it for a measly quarter. And so they stop. I love that. That's fantastic. That's perfect. So what you're talking about, it feels like Elizabeth Gilbert talks about not burdening your art by forcing it to pay your bills.

There are echoes of this, even from people who have engaged in work that they find meaningful. You worked in private equity. How do you survive long days at a job that isn't your calling? I think that the answer is found in the story that I told you of the factory worker, which is find a way to connect it to something more meaningful to you. in your 20s and 30s when you were working along hours and something that may not be something you like, your higher order purpose can be as simple as I am building a foundation for the rest of my life. And whether that's financial or knowledge and experience, even more importantly. And I say this to young people all the time. I have probably thousands of people who have emailed me over the last couple of years

with basically some version of this same question, saying, I really don't like my job. I'm thinking of leaving. And they've been there for six months. and my guidance is always the same, which is not liking your job is not necessarily a reason to leave. There's plenty of reasons to leave a job. That's not usually one of them if you've only been there for six months, because you can learn a lot from a job you don't like.

You are learning, A, you're learning what you don't like doing, which is very valuable data point and insight, and you are also picking up data points on things you do enjoy doing. Even if the macro is stuff that you don't, there are little micro-trovich. tasks during the day that you are enjoying, which is a super helpful insight as well. And you're building learnings, you're building experience, you're building insights, you're becoming more resilient because you're doing something you don't like. There's a whole lot of value you are getting from the thing. But every day, if you show up and your energy and your attitude is, oh, I don't like doing this, you are not going to perform on a top 10% level. Guarantee it. It's almost impossible.

The only way to guarantee that you make a lot of money in life is to perform at a top 10% level at everything you do. If you do that, I can guarantee you will make a lot of money in your life. It's just very hard to keep someone down that consistently is a top performer at the thing they're doing. They find a way to expose new opportunities. They get pulled into things. You get accelerated, whatever it is. And so connecting every day at the thing that you might not like, connecting that to the idea that I am building a foundation for the rest of my life, that I am building something. There's a muscle that's being built. There's an experience set. There's an insight. there's something that I'm doing that's connected outside on the bigger picture from what I'm

actually doing on the day to day, that is a really important concept that I think carries a lot of power. Work for knowledge, work for skills. Yeah. I mean, when you're young, if there's anyone out that's in their 20s or 30s, it's like, when you are young, the only thing you have is time. You don't have money, knowledge, networks, experience, wisdom. You have none of those things. All you have is time. And so you have to trade your time to get those things. And then once you have those things, you were in a much better position because now you can deploy them into the right opportunities to get the incredible outcomes in your life. But saying the narrative or the meme that's out there of like, oh, work smart, not hard, you can't work smart before you have

networks and experience and money and knowledge and wisdom. You can't because you don't have smarts. Exactly. You don't have the smarts. How are you going to work smart? You're actually just going to be working dumb and saying, oh, I'm working smart. Like you're actually just being lazy. So when people say that, they're like, well, I'm working smart, not hard. You're 22. I'm like, no, you're just lazy. You're just procrastinate. You're just not doing the thing.

You have to go do the thing in order to be able to work smart later. I feel like I learned that from my dad. It feels old fashioned to say that now, but it's just true. Now, does that translate when you leave not just that job, but that entire industry? You've made an industry shift. Yeah. What skills were turned out. to be irrelevant and what skills were transferable to any broad application.

Yeah. I would say the vast majority of the skills were transferable. There are very few jobs in the world that are so hyper-specific in the skills that you build that they're not transferable. I'm sure there are some within scientific domains or maybe like within coding domains if you were to like completely shift. But the bigger picture on the skills you're building is often like some combination of IQ and EQ, and the EQ is definitely transferable across every domain. And most of the IQ

tends to be like analysis and critical thinking and, you know, decision making and decision making under asymmetric information, like those kind of things apply to any industry that you're in. For me in particular, I was working at a private equity fund, great firm, great people, learning a ton. The biggest thing with the investing world is just learning to make decisions with imperfect information and learning to distill a whole lot of complex data into a simple story that you can tell to your investors, to the teams, to employees of the company. Like, you have to be a great storyteller. That is basically what I do now for a living.

I tell stories. I distill ideas that I'm experiencing, that I'm learning, that I'm reading about, and I try to construct a clear story that people will connect with, that they're able to take and run with in their life. So that is very transferable and applies across every domain. And I think that zooming out what that means is your focus needs to be on the sort of meta skills, if you will, like the big picture overarching meta skills that you're learning in the job. So it might not be the very specific skill of like Excel analysis, but the meta skill of storytelling, which is what we're really doing, is very transferable. Or the meta skill of salesmanship, sales, is very transferable.

When you are working in any job, sales is a key part of it. I don't care if you're on the sales team or not. If you were working at a company, you have to sell yourself, you have to sell your vision, you have to sell your ideas, you're selling your leadership style to the people you're working with, to your bosses. Like, that is all sales. And a lot of life is sales. That is a meta skill that applies across everything that you're doing.

When you're in the dating market, you're trying to meet a partner. That is sales. You are selling yourself to prospective mates out in the world. Sales is a very, very key meta skill across all of life. We've been talking for a while about these big picture ideas. these very big ideas. What action should a person take? After listening to this episode, what specific actions should a person implement into their life to make sure that they are pursuing all five types of wealth in a way that is weighted to their particular season of life? Yeah. So each section

has a guide at the end of the section. So for each type of wealth, there's a guide that has real, clear science-backed strategies for actually building that type of wealth. The first, first one that I would tell anyone to go and do is from the time wealth section, and it's an idea that I call my energy calendar. And basically, it's a way for thinking about where you are seeing your energy flow during the course of a week, where you are getting energy and where you're seeing your energy drained. Idea being, when you spend time on things that are lifting you up, things that are creating energy in your life, spending time on or with people that are lifting your energy up, that is where you're going to get the best results in life. You're going to feel better,

You're going to lean into those things. You're going to pursue them with great energy and attitude. But getting a perspective on what those are is really important. So the actual exercise anyone can do is take a look at your calendar at the end of a Monday workday. Color code everything according to whether it created energy, meaning you felt good. It lifted you up either during or after. Mark that green. If it was neutral, kind of just felt baseline.

Mark it yellow. And if it drained you, you felt physically drained afterwards or during. market red. Do that for a full week. And then on the weekend, look at the calendar from the week and look for trends. What were the types of activities or the people who were creating energy versus the types of things that were draining energy in your life? That will give you a very clear starting picture for where you want to be spending more of your time versus less of your time. You're not going to be able to make your calendar entirely green. Probably ever. It's wishful thinking. But you can make slight tweaks here and there over longer periods of time to make the

ratio of green to red significantly better. And when you do that, your life will improve. You will be spending time on things that are lifting you up. You will feel considerably different, and you'll be able to allocate energy to the things that really matter, the things that you care about, the things that are driving you towards that North Star, that true North in your life. That's perfect for an assessment of time because truly time is not the limiting factor so much as energy, energy, attention, cognitive bandwidth is the real limitation. What is the action step in the social domain? There could be several. I think the most important starting point for people with social wealth is to create what I would call a relationship map. This is a two by two matrix.

So for any of my analysis forward people that are listening out there, you love a good two by two. this is basically a way to look at your existing relationships on the basis of how healthy they are and how frequent they are. So it's a two by two that has the frequency of a relationship, how much you see the person or how much you interact with them on one axis, and then how healthy the relationship is, from demeaning all the way to supportive on the other axis. And what you want to do is sort of map the core relationships in your life, the people that are within your circle, call it 10 to 20 people on that map, on that two by two. To get a sense for where are your opportunities, people that are really supportive and that really create energy in your life, but that you're not interacting with

enough, and where are the dangerous spots, the people who are either demeaning or sort of ambivalent, sometimes demeaning, sometimes supportive, which is very dangerous. Where are you interacting too much with people like that? And from that perspective, you can then take actions to say, okay, I'm going to try to lean into some of these relationships that are really lifting me up, that are really allowing me to think bigger, and lean away from the ones that are really harming the quality of your life. The rationale around all of that is there is scientific evidence that the people you surround yourself with determine your outcomes. The Pygmalion effect is this behavioral phenomenon that finds that we rise to the level of the expectations people around us have for us. So if you are surrounding yourself with people who think well of you, who lift you up, who encourage you to think bigger, who tell you you're capable of more, you will rise to the

level of those expectations. But similarly, if you're surrounded by people who do the opposite, you will fall to the level of those expectations. So making and taking clear actions to fill your energy cup with people who are lifting you up and to surround yourself with that and to not allow the people who are draining you to occupy so much of your space and energy is a really healthy way to change your life. And that plays to the concept of, what is it, goals and anti-goals? There's this framing for kind of planning your life around both goals and anti-goals.

Goals, we all know. These are like where you're trying to go. It's the summit of the mountain. Anti-goals is a really interesting concept in that it is the inverse. So it is Charlie Munger said, all I want to know is where I'm going to die. So I'll never go there. And it's that idea. Anti-goals are your ability to avoid where you're going to die. So if the summit of the mountain is the goal, the anti-goal is the thing that you are unwilling to sacrifice in pursuit of that

goal. So getting to the summit is the goal. The anti-goal might be dying. The anti-goal might be losing your toes to frostbite along the way. An example from your professional career would be, let's say my goal is to become CEO of the company. Well, my anti-goal is spending 300 nights out of year away from my family or losing my health because of the stress and the work. I want to achieve the goal, but not if it means having those anti-goals become real. Establishing that in your mind and having a clear perspective on what the anti-goals are associated with any goal that you set for yourself is a really important concept. Right. And so this is where having that pygmalion effect, that supportive community comes in because you don't want the human equivalent

of an anti-goal in your life. You don't want the people who are detracting. Yeah. You would not be willing to achieve some incredible financial success if it meant that you were having to be surrounded by people that you felt were shady characters. Right. I don't want to summit some mountain if it means that I have to be surrounded by people who are doing illegal things or who are critical of me or who are demeaning me or saying

things to me or my family. Like, it's just, it's not a sacrifice that I'm willing to make in pursuit of these goals. Right. And being very clear on what those sacrifices are that you are willing to make is important. Right. This actually is reminding me of two things. I was actually just complaining to a friend yesterday about how right now I happen to be in a season of my life where I want to work on the weekends. That's what I choose to do willingly and happily.

And so I'm going to the gym every day. I still call my parents at least once a week. Right. Like I've got all of those things in balance. But I want to have a productive weekend. And I have certain people in my life who give me grief for that, who basically make me feel as though I shouldn't be. And it's just an example of an anti-goal. It's a detractor.

Here's this energy that I want to put forth. And because it doesn't fit their definition of what I quote unquote should be doing, it fits into their preconceived framework of you're spending too much time on your work. I think Taylor Swift said the worst people in the world are people who make you. you feel bad about things you're excited about. I always thought that was so true. Exact example. You're excited about something. You're leaning into something. You have energy for it. You're interested. And for someone to come and say, like, you shouldn't do that? Right. Why do you, I don't need that energy in my life. And we've all experienced that. It's the idea that, like, pursuing your goals is often not good for your social life.

Because there will be people who you lose along that journey. I've written about this before that loneliness is a tax on personal transformation. Periods of loneliness are a tax on personal transformation, meaning they are often a cost of entry for the transformation you are trying to create in your life because you are growing and changing. You are working hard on something that you care about. You're pushing yourself forward. That means you are changing and your previous environment is not. You have literally moved away from your previous environment. And so you start to have these periods of time where you no longer speak the same language as the people that you previously interacted with. They can't understand you because they don't get why you're doing the things you're doing, what you're doing, and why you care about them so much.

So you have this period, this long period where you're like, I have yet to attract the new people into my world, the people where I'm going, but I've left the old safety net. And that manifests as these periods of loneliness. It's the lonely chapter in your life. I think about that all the time. And entrepreneurs experience it all the time. Right. Entrepreneurship is a lonely journey. You are on a path and it sounds so sexy when you get to talk about it later once it's

succeeded and everything's working out. But during the actual journey, it can be very, very lonely. Learning to embrace that as sort of part of the journey, I have personally found to be a helpful mindset shift. I was thinking about entrepreneurs when you were describing that exercise for assessing your time freedom because when you ask the question of how much control do I have over my calendar, I have complete control over my calendar and I am also busy. And so those two things are not necessarily at odds with each other. They're not mutually exclusive. You can be simultaneously busy,

but have a high degree of autonomy and control. Yeah, you got to choose. Yeah. The goal is not to have zero stress. Right. The goal is to have stress about things that actually matter to you. If you have stress and you're because you are ambitious and there's a gap between where you are and where you want to end up and it's about things you care about, that's a great source of stress. That is actually meaningful stress. The whole point is for it to be meaningful stress, not things that are silly and self-encured. And that gets a lot. We lose sight of that a lot. I also think the whole idea of balance has been hijacked and you're told that like to have balance every single day has to be this perfect balance of like, I work out and then I have family time and then I have my work time

and then I have my personal development time and then I have meditation. You know, it's like every day has to be balanced. That is so far from reality. The reality of how it works is that you want balance in the macro, not in the micro. You're going to have periods of time where you're sprinting on things, where you want to be heads down all weekend because you're working on something you care about that's meaningful. That is not balanced. That is a season of unbalance in pursuit of a future season of balance. And all you need to think about is it's okay for me to be unbalanced now because I know that I'm going to zoom out and I have an eye towards building that balance later. I have an awareness of that. So I'm going to be able to lean into the balance when I have it.

I am very much in a season of unbalanced right now. I'm traveling 30 out of the next 35 days. I don't want to do that. I'm not joyous about being away from my son or my wife all that much, but it is part of a pursuit that really matters to me. I really want to be. I really want to to share these ideas with the world because I think they're impactful. And so I'm going to do that with the knowledge that I'm going to follow it with a season of balance. And that is the important piece that when we zoom out, we can look at our year in quarters, treat it like a public company.

It's okay to have a quarter of real focus and craziness where you head down and you're unbalanced. As long as you start thinking about in the bigger picture, some of the quarters are more balanced. Right. And seasons are a perfect analogy because you don't have four seasons in a day. as we're recording this, there's a massive snowstorm outside. We're in a season of winter, and it's going to last for a few months. Yeah, it's not going to be 70 and sunny later today.

Right, exactly. We've talked about time. We've talked about social. You know, we've talked about some of those exercises. What about for purpose? In the section on mental wealth, I frame up an approach for thinking about your purpose, which leverages the ancient Japanese concept of Ikega. This idea of basically finding your higher calling, if you will.

Like I come from a half-Indian background, and there's this idea in ancient Indian culture of Dharma, which is your sacred duty. And the whole point is that it doesn't have to be grand or ambitious or impressive to anyone else. It just has to be yours. And asking yourself what you love doing, asking yourself what the world needs from you. And the world needs is a really interesting question because world doesn't have to be world on a global scale. It is your world as you define it. Your world could be your family.

What does your family need from you right now? Your world could be your community. It could be your country. It could be the world. But defining that and asking yourself those questions is the exercise there for starting to think about what are the things that I want to be focusing on. Where am I going to feel more connected to this higher order purpose? And what is the exercise then for the two remaining categories, physical and financial? So within physical wealth, there are a handful of tools that you can use to start actually building a life of physical wealth.

The one that I sort of propose is to do like a 30-day sprint, like a 30-day challenge. And we lay out three levels of it. So there's a starter level, which is bronze, there's a silver, and then there's a gold level. And they obviously sort of graduate up in terms of the difficulty. But the basics within the bronze level are basically three things. There's three pillars of physical wealth, if you will. It's movement, nutrition, and recovery. So for movement, move your body for 30 minutes a day.

It doesn't have to be anything fancy. You don't have to do some like crazy regime. It could be walking, jogging, biking, dancing, whatever you like doing, just move for 30 minutes a day. Within nutrition, try to have 80% of your meals come from whole unprocessed foods, 80%. 80%. So say like 17 out of 21 meals in a week. And then recovery, just try to sleep seven hours a night. You don't have to be perfect, doesn't have to be like blue light blocking glasses, start there as a baseline. If you can do that for 30 straight days, you are well on your way. You get 90% of the benefit from just doing the boring basics. And that's an important concept

that the world of social media will feed you the most complex, insane answers and solutions, because that's what gets clicks. But the reality of the reality of that, that the boring basics in all these areas work. And I can't sell you an e-book that says, hey, move your body for 30 minutes a day, but it really does just work. I can't sell you an e-book that says like eat whole unprocessed foods, but it works. So while those things may not get clicks, we can rely on them and they have sort of the Lindy effect and that they've lasted over generations for a reason, because they are effective. Within financial wealth, the exercise that I would love everyone to go through is to clearly define what a life of enough looks like to them.

The word enough is at the core of how I think about financial wealth. Expectations are your single greatest financial liability. If your expectations rise faster than your assets, you will never feel wealthy. You will never be rich because you'll just be chasing whatever more you're convincing yourself will lead to your few future happiness. Clearly defining what your enough life looks like is the way that you create a rational, clear baseline upon which you can measure yourself. Right. Kurt Vonnegut has that famous story. My favorite. Yes. Absolutely famous. Would you like to tell it? Yeah, yeah. So Kurt, Kurt Vonnegut wrote this poem in The New Yorker about a visit that he and his friend, Joseph Heller,

the author of Catch 22, made to this billionaire's house in the Hamptons. The way he tells it is that the two of them are at this billionaire's house at this party, and Vonnegut turns to Heller and says, Joe, how does it feel that just yesterday, the owner of this home made more money than your bestselling book, Catch 22, made in its entire lifetime? And Heller replies, yes, but I've got something that he'll never have. And Vonnegut says, oh, yeah, well, what's that? And he replies, the knowledge that I've got enough. And that is as beautiful in articulation as I can imagine, apropos for Vonnegut.

But just a perfect example of exactly that. The beauty of enough is everything in life. Never let the quest for more distract you from the beauty of enough. Often we define enough as in a point in time analysis. How do we handle the reality that enough changes over the course of our life? Enough will change. The best thing that you can hope for is for that change to be a conscious and semi-rational one, rather than a subconscious irrational one.

Most people, if you don't clearly define it, that version of enough will be this like mirage. You never articulate what it is. You get there and it's disappeared to three to five X what it was today. There's this famous study Michael Norton at Harvard Business School conducted where he asked a group of high net worth individuals worth anywhere from a million dollars up through hundreds of millions how happy they were on a scale of one to ten. Then he asked how much more money it would take for them to be at a 10. Across the board, whether they were worth a million dollars or a hundred million. They all said three to five X as much as they currently have. Crazy.

It makes absolutely no sense defies logic, but it's a perfect example of the fact that enough has just disappeared and reappeared three to five X from where you are today. We need to make it conscious. We need to make it rational. And you only do that by clearly articulating what that life actually looks like. Where are you? What are you doing? Who are you with?

Where do you live? It doesn't have to be Spartan either. I mean, my enough life might have two houses because I love entertaining and being able to bring together family and friends for experiences. It's not saying that your enough life has to be some like very basic life, but clearly articulating what it looks like so that as you approach it and as you have it, you have more of an appreciation for it and you're able to slowly adjust it upward, grounded in something else, not just the pursuit of more, is the point.

So as you pursue more, as you pursue expanding upon that definition, it should be grounded in your purpose. It should be grounded in your ambition to continue to grow and learn and achieve, not in I need to make X more million dollars. Right. It should be rooted to components of your life rather than an arbitrary number. Yes. I want to build more so that I can create more meaningful experiences with people that I love. I want to build more because I feel so strongly that this business that I'm creating can change the world or can impact these communities or can do X, Y, or Z. But it needs to be grounded in those other things, not in the pursuit of more money.

I have one final question for you. And I promised at the beginning of this interview that we would touch back on Momento Mori. And so this is where we touch back on that. Can you describe the significance of that and how, as the afford anything community is digesting this information. How do we carry that forward into our day-to-day lives? So Momento Mori is this ancient Roman tradition where the military hero upon returning from battle would be paraded through the streets of adoring fans. People would be plodding them through the streets on this golden chariot. And they had this practice of placing one person behind the conquering hero who would just whisper in their ear the entire time, Memento Mori, which means,

remember thou art mortal. Remember you must die. The whole idea was to remind the person of the fact that they were not a god, that they were going to die, because these adoring fans and all of this adulation could lead to that sensation of immortality. It's dangerous. That idea applied to our lives is a very powerful one. Recognizing and reminding yourself on a regular basis of your own mortality is what allows you to live in the present. It's what allows you to give your energy to the things you truly care about. Some people have taken it as far as creating these Memento Mori calendars. Ryan Holliday, the famous sort of modern day stoic philosopher has this calendar that he's created that you can go by. Your life in weeks. Yeah, your life in weeks. It's 52 rows across.

So for one year, there's a row across, and then there's columns that go all the way down for like an 80-year life. And you fill it in. So you can see how much time has passed and how much on average time you have remaining. I think it goes to what, 90 or 100 maybe for how long your lifespan is. I have one of these. Tim Urban from Wait But Why also sells it. Oh, does he? Okay. Yeah. Yeah. It is not intended to be morbid as most people take it. I think the first time I showed it to my mom, she took it as very morbid. It is intended to be inspiring, that it should inspire action in the present. This knowledge that you are mortal, this knowledge that your time is passing should inspire you to action. It should call you to action. And I have found it to be incredibly.

inspiring in my own life. It is what has sparked me to create the changes that we've created in our life. It's what's inspired my wife and I to be as present as I feel we're able to be with our son. It's what's inspired me to put so much energy towards sharing these messages, is that I want more people to be called to these ideas, to be called to question what truly matters to them, rather than default into what society has told them matters. Right. When you fill out the calendar, when I got it, I had to order a, like, gigantic Sharpie just to cross off all of the previous weeks of my life, because there were so many that are already gone. It's scary.

Yeah. It's scary when you look at it. And I have, like, a caption on it that just says, this is what my Momento Mori calendar looks like today. Goll. Right. Yesterday I turned 34, so I'm pretty young still, but the calendar is a stark reminder. And as you go through and you fill in one square at a time for every week, you really see those weeks tick by.

I know some people who they'll color in sections, this color section is childhood and this color section is college and this color section was my 20s, but it certainly puts that all, it frames that all in a very stark way. And it goes back to one of the themes that you were talking about earlier, how your life is an overall picture, but each day is a pixel, really in Momentumor,

each week is a pixel. Yeah. Absolutely. And creating an awareness of those pixels is what allows you to build the life that you want. Right. Well, thank you for spending this time with us. Where can people find you if they'd like to know more? Thank you so much for having me. You can find me at Sawhill Bloom on any of the major platforms. And then the book is available in stores everywhere, Amazon, local bookstores. And you can find out more at the five types of wealth.com. Thank you, Sahil. What are three key takeaways that we got from this conversation? Key takeaway number one.

wealth extends far beyond money. True wealth encompasses five domains. There's financial wealth, yes, but there's also time wealth, social wealth, mental wealth, and physical wealth. The research is very clear that money has an enormous correlation with happiness up to a certain threshold. And after that threshold, it starts producing diminishing returns. Essentially, money can't make you happy, but a lack of money can make you unhappy. And so money up to a point is essential for reducing stress and creating options. But beyond that threshold, your relationships, your health, your purpose, and your control over your time become much bigger drivers of happiness.

Measuring yourself across all five of these areas gives you a more complete picture of a well-lived life. There are five types of wealth. Money is one of them, financial wealth. The others are time wealth, social wealth, mental wealth, and physical wealth. So time wealth is what we've talked about. It's how you spend your time, who you spend it with, the ability to choose. Social wealth is your depth and breadth of connection to the world around you. It's the people that you surround yourself with. Mental wealth is your curiosity, your purpose, your growth, your ability to create space, to wrestle with the bigger questions in your life. and then physical wealth is your health and vitality.

It's your ability to actually enjoy the other types of wealth because you're healthy enough to do it. So measuring yourself across that broader picture is a very good way to think about what you are building towards in your own life. If you are doing extraordinarily well on financial wealth, but you have none of the others, life is not going to be particularly fulfilling. I mean, what good is having a yacht and a private jet if you're alone on it? What good is having all the money in the world if you can't move around because you're so unhealthy or overweight? All of these things need to be built in concert as you think about building a lasting, durable, fulfilling life. And so that is key takeaway number one. Key takeaway number two, later often becomes never. Do not postpone important aspects of life with promises of later because later can quickly become too late.

kids grow up, parents and grandparents age, health starts to fade. I mean, maybe right now you can go hiking in the Himalayas, but are you going to be able to do that when you are in your 80s? I hope so. I hope you're in good enough shape to scale Himalayan peaks in your 80s, but it's possible that there's a window of time for that. And that window's not going to be around forever. So be aware of this tug of war between chasing goals and being present. because it can be really easy to drift towards external achievements and miss the present moment. Most people just say that. They say the word later gets thrown around all the time.

Say, I'll spend more time with my kids later. I'll have more time for my health later. I'll spend more time with my friends later. I'll ground myself in my purpose later. And the sad thing is that later just becomes another word for never. Because those things won't exist in the same way later. Your kids aren't going to be five later. Your friends won't be there later. Your health won't be there later. So that is key takeaway number two. Finally, key takeaway number three, define your enough. Everyone has a different definition of how much is enough.

And you need to know what yours looks like. What is enough for you? What's enough in your financial life? This helps you avoid the endless treadmill of wanting more. Now, if you don't have a defined target, expectations often tend to rise along with income. And so that's the hedonic treadmill, right? That's the perpetual dissatisfaction, regardless of how much you have. So ground your definition of enough in components of your life, in the lifestyle that you want to live, rather than in arbitrary numbers. Expectations are your

single greatest financial liability. If your expectations rise faster than your assets, you will never feel wealthy. You will never be rich. Because you'll just be chasing. You'll just be chasing whatever more you're convincing yourself will lead to your future happiness. Clearly defining what your enough life looks like is the way that you create a rational, clear baseline upon which you can measure yourself. Those are three key takeaways from this conversation with Sahil Bloom. Thank you for listening to this episode from The Greatest Hits Vault. So this episode originally aired in February 2025 and we wanted to bring it out of the greatest hits fault and share it with you again because it's such an important message.

Wealth goes far beyond money and I think those of us committed to financial freedom, financial health as a lifestyle, would do well to take stock of where we fall along the domains of physical wealth, time wealth, social wealth, and mental wealth. some updates for you from August 2026, some behind the scenes since he made it to the end of the episode. Our buddy Joe Sauciehi, who joins us on the Q&A episodes, has been traveling a bunch. He was just in Alaska, totally off-grid. He's back in Texas for a couple of days, but then he's going to Minnesota. And then after that, he and I are going to be meeting up in Palm Springs.

I myself have also been traveling throughout the summer. I was just in Bordeaux, in France, and then went to Spain to try to see the eclipse, but it was cloudy, so I missed it. but the trip to Spain was still amazing and went to London for a few days, came back. You've heard the news from Nepal, of course, the tragedy. Thank you to those of you who have reached out. My family is fine. Everybody is safe. My family's in Kathmandu.

But for the last several days, my phone has been blowing up with people who has been asking. So thank you to all of you who have reached out. We have some great episodes coming up at the pipeline. The investor David Leiter, who sold his company for $50 million, is joining us. We, of course, have First Friday coming up. Jasprey Singh, the YouTuber with 2 million subscribers who runs minority mindset. He will be joining us for a wide-ranging discussion about real estate, entrepreneurship, and investing. Kenny Burgos, who's the head of the New York Apartment Association, joins us to talk about real estate in New York City.

Just today, I interviewed two economists, one from Princeton, the other from University of Chicago Booth School. They join us to talk about who is really, really, really. rich in America. And the conversation has like millionaire next door vibes because they pulled the data, they did the research, and they found out that the people who have the highest income and have the highest net worth are not the people that the average person would expect. Very like millionaire next door vibes, but with a twist. And I won't reveal what that twist. But that episode is going to air actually in November. So we're recording quite a bit ahead. All of that is coming up. Please hit the follow button.

that you don't miss any of our amazing upcoming episodes. Open up your favorite podcast playing app. Hit follow. While you're there, please leave us a review. These reviews are incredibly helpful in allowing us to book top-tier talent. Thank you so much for your support. I really appreciate every single person who has left us a review. Everyone who has subscribed to our newsletter, afford anything.com slash newsletter.

And everyone who has downloaded one of our freebies. If you want to work through your relationship with the five pillars of personal finance, financial independence, increasing your income, investing, real estate and entrepreneurship, the double I fire five pillars, download this workbook that's totally free, afford anything.com slash fIIIR. That's afford anything.com slash F, double I, R E. Totally free. And it's this interactive, filloutable workbook that can help you think through your relationship with those five pillars. Thank you so much for being part of this community. I'm Paula Pant. This is the Ford Anything podcast, and I'll meet you in the next episode.