Open Book with Anthony Scaramucci - The Real Meaning of Wealth with Sahil Bloom

Episode Date: February 5, 2025

This week, Anthony talks with Sahil Bloom about his book 'The Five Types of Wealth.' They explore the concept of wealth beyond just financial success, discussing time wealth, social wealth, mental hea...lth, and the importance of investing in oneself. Sahil shares personal experiences and insights on how societal pressures can distort our understanding of success and happiness. The discussion emphasizes the need for a balanced approach to life, focusing on meaningful relationships and personal growth. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Starting point is 00:01:10 Learn more at aboutamazon.ca. Hello, I'm Anthony Scaramucci and this is Open Book, where I talk with some of the brightest minds out there about everything surrounding the written word from authors and historians to figures and entertainment, neuroscientists, political activists, and of course, Wall Street. Sorry, I can't resist. Before we get into today's episode, if you haven't already, please hit follow or subscribe, wherever you get your podcast, and leave us a review. We all love a review, even the bad ones. I want to hear the parts you're enjoying or how we can do better. You know, I can roll with the punches, so let me know.
Starting point is 00:01:53 Anyways, let's get to it. Today, I am sitting down with Sawhill Bloom. If you follow his viral newsletters or social media, you know he's been dropping wisdom for years. So after much anticipation, his book, The Five Types of Wealth is finally here. Sawhill breaks down what real wealth looks like beyond just money to time, mental, and physical well-being, relationships, and investing in yourself. You don't want to miss this one. Let's get right into it.
Starting point is 00:02:42 Okay, welcome to Open Book. I am your host, Anthony Scaramucci. And joining me is Sawhill Bloom. He is an entrepreneur. He's a writer. He's a content creator, but very soon he's going to be a New York Times bestselling author. He's written an incredible book. The title of the book is The Five Types of Wealth, A Transformative Guide to Design Your Dream Life.
Starting point is 00:03:04 And by the way, I follow you on Twitter, follow you on Instagram, and you went deep here. You give great color on these different social media platforms, but the content in this book is fantastic. And what I love about this book, if you don't mind, because I spent the weekend. reading it is you can pick it up. You don't have to start on chapter one. I could go to the middle of the book and start reading and I've got content that's connected to me. And so that's a tough thing to do, Sawhill. So congratulations on that. And tell me first a little bit about yourself and why you wrote this book and then we'll go into why I like it so much. Yeah, well, I appreciate the warm words. And I definitely tried to structure the book for exactly that. So I'm glad you picked up on it.
Starting point is 00:03:49 You know, the story of writing this book, the book is not about me, but it very much is a manifestation of my journey, which is one that I think a lot of people will find themselves in, where you've kind of been handed this default path to success, your entire life. And you march down these default paths, you accept these default definitions and these default settings, as David Foster Wallace called them. And you never really take time to question whether those are the things that you actually want to do, whether those are the things that you actually find meaning in or the things you would actually define a success. And, you know, I found myself on that path and I was chasing money at the kind of default scoreboard that we all measure ourselves against. And unfortunately, while I was winning that one game, I started to see that
Starting point is 00:04:34 a lot of the other areas of my life were suffering. And that was everything from my relationships, you know, with my parents who I was never seeing with my sister. A relationship was strained. My wife and I were struggling to conceive at the time. You know, I was drinking six, seven nights a week. My mental and physical health were all over the place. So I had these other areas of my life really suffering while on the outside looking in, you would have said I was winning the game. I had all the markers of success. And so I just started to have this sensation that if that was what winning the game felt like I had to be playing the wrong game. And I went on this journey to try to figure out what was the right game and what was the way to measure on that broader,
Starting point is 00:05:11 better scoreboard for building a healthy, happy, fulfilling life, that war that we are all trying to win in the long run. And that's really what this book is all about. It's about identifying the things that truly matter to you, not what society tells you should matter, not what your parents tell you, not what your friends tell you, and then going and taking action to go and build around those things. So let's start there. Let's talk about our society for a second because I think you've make some insightful points about the society. And, you know, you join a long line of leaders who try to help people with their lives. The father of the self-help movement for the United States, at least perhaps of the world, is Ben Franklin. He wrote a great book, his autobiography, he also poor Richard's
Starting point is 00:05:55 Almanac. And there was a lot of messaging there went on to be Del Carnegie, Napoleon Hill. There's been a ton of people that have written differently about living a fulfilling life. But what I found interesting about yours is you broke it up into five different buckets, and I'll just tell the listeners what they are. It's time, social wealth, mental health, health, slash wealth, physical health, slash wealth, and obviously financial. So I want to start with where you think our society is, because it feels like our society is about financial wealth. It feels like our society is about the totems of financial wealth. So if you're, you're bling, bling, bling, saw hill, then you've made it, We both know a lot of people that are bling, bling, that are not happy campers.
Starting point is 00:06:39 So tell us about your odyssey from looking at the society. There's an arbitrage between the way the society sees itself, frankly, and the way you write about what is good mental and good financial and physical health. So tell us about that odyssey. Tell us how you got there. Yeah. I, you know, I think Peter Drucker, the management theorist, said this best, which is what gets measured, gets managed.
Starting point is 00:07:03 And that quote really resonates with me because it's a reminder that the thing that you can measure ends up being the thing that you focus on, that you narrow in on, that you sort of myopically optimize around. And in society, that thing that we can measure is money. I mean, money's measurability is a feature, right? It's what allows us to use it and to actually create this culture of capitalism that we all know and respect. But unfortunately, because it is so measurable, it also becomes the thing that we focus on entirely. And the problem is that money isn't nothing. It simply can't be the only thing. And when it becomes the only focus of your life, when it becomes the thing that you measure yourself around, when it becomes the way that you stack yourself up against others, the way that you compare yourself to others, it starts to be unhealthy because it is very much pathway to the Pyrrhic victory to winning the battle but losing the war. And all of these other areas of our life, we know in the back of our mind they are important.
Starting point is 00:07:59 You know that freedom is more important. You know that your relationships, that your mental and physical health, you know these things. And yet on a daily basis, your actions are going to surround the thing that you can measure. And so when I went on this journey myself and tried to figure this out, I knew that measurement really had to be at the forefront of this. You need a better scoreboard so that when you're making decisions, when you're taking actions, you can make those decisions and take those actions around the broader set of principles that are actually going to contribute to that truly comprehensively wealthy life that you're trying to live. So when you got to the time wealth part of this book, it left a very big impact on me because you had an equation. I'm searching the book right now, but there was an equation in the book where it's like,
Starting point is 00:08:43 okay, take your age. Okay, if you're 65, you're going to live to 80 and 15. If you see people once a year, you're going to see loved ones 15 more times in your life. And when you write it that way, it becomes a little bit more dramatic. it becomes a little bit more compelling. And I guess what would just say to somebody who's filling their time with meetings, filling their time with, we're going to make an extra dollar today. And again, I'm all for making money.
Starting point is 00:09:13 I've dedicated a good part of my life, Sawhill, to making money. But I also recognize that if I'm going to miss out on this big opportunity to be with my children or hang out with friends or loved ones or my wife, that there's wealth in that as well. So give me some coaching. Go ahead. What would you say to people? There's a few things. So first off, making money and pursuing your ambition, there is nothing wrong with that. And this book will never tell you that there's something wrong with that. What it will say is that that has to be grounded in something more meaningful than just the pursuit of money. So as you talk about like you have made money, you've worked on that in your life, I would argue that that
Starting point is 00:09:50 pursuit of money has actually been a pursuit of your purpose. You have been grounded in the desire to build something meaningful. You've built a big company. You've built, you know, in a high, hired people, created jobs, built this enterprise, that has resulted in you receiving value and return in the form of money. But it wasn't that you were chasing money every single day. You were chasing purpose and grounding yourself in that. And there's nothing wrong with that. What I would say to the person from a time perspective is very simple. Time is your most precious asset. It is the only thing that you can never get back. And the thing that I always say to young people is I ask them this one question. Would you trade lives with Warren Buffett? He is worth $130 billion.
Starting point is 00:10:29 last I checked. He has access to absolutely anyone in the world. He flies around on private jets. He has mansions all over the place. He reads and learns for a living. But you would not trade lives with him, simply because he is 95 years old. And there's no way you would agree to trade the amount of time he has left for all the money in the world. You just wouldn't do it. And similarly, he would trade places with you in a heartbeat. He would give up everything that he has to be young again. So you know in the back of your mind, through that math, that your time has quite literally incalculable value. And And then on a daily basis, you spend time scrolling on this thing, looking around, comparing yourself to others, taking on stupid things that you don't want to do, things that aren't moving the needle in
Starting point is 00:11:08 your life. So you need to have this mindset shift to recognize that time is literally the only thing that you have and leveraging it effectively, deploying it into things that actually create energy in your life, recognizing that you only get one shot at this, that is the real wealth. Okay, let's go to some other stuff in the book. You talk about mental wealth. You talk about the anxieties that people have in their lives and the tribulations that they have in their lives. How do you recommend that people manage that?
Starting point is 00:11:36 So, you know, Socrates once said maybe the best among us are the ones that didn't live, right? Meaning you have to go through the trials and tribulations of life and the ups and down sawhill. How do you manage all that? I think that the most important point around mental wealth is this idea of space. And I talk about it in the context of creating space in your life. Victor Frankel, famous psychologist and Holocaust survivor, has this quote that our power exists in the space that we can create between stimulus and response. So if you think about your life, you have this constant stimulus drip coming in.
Starting point is 00:12:15 And then you're being told that you have to respond to everything right away. We live in this urgency culture. Every single thing is urgent. So you don't get time to create space because everything is stimulus response. stimulus response. Your power exists in your ability to create a little bit of space on a daily basis and then a lot of space, hopefully on a more regular, monthly or quarterly basis. To zoom out, to slow things down and to see the bigger picture in your life, to actually be able to, you know, pick and choose your moves on the chess board, if you will. If you think of some of the
Starting point is 00:12:44 greatest success stories in history, even in different fields, Leonel Messi, famous soccer player, one of the best that's ever lived, he is known for walking around the field. He gets called lazy. People yell at him, they lament the fact that he seems lazy on the field. The reality is it's strategy. He is creating space. He's slowing down so that he can see the bigger picture so that he can create a map and so that he has the energy to deploy into the one moment that matters, to really go forward and strike and score the goal. We all need to live a little bit more like that. We need to find deliberate ways to create that space in our life so that we can process the stimulus and come back with the better response on the back end.
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Starting point is 00:14:16 Okay, but I'm talking about anxiety soil. I'm talking about you got your shit together. I arguably on certain days have my shit together, but a lot of people don't, and you write about how they can get it together. So go. I am a believer that stress and anxiety feed on idleness. They grow and proliferate when you are not taking action in your life, when you are concerning yourself with other people when you are scrolling on social media, your most unhappy moments will
Starting point is 00:14:54 happen during those truly idle periods. Not the periods where you're meditating. That's not idleness. That's actually processing. That's growth. But those periods when you are truly idle. And when you take action, when you create movement in your life, you are literally starving them of the oxygen that they breathe. So when in doubt, what I always say is when in doubt, take action. Do something. Because at the end of the day, we live in this information gathering society. We live in this world where people are getting all of their dopamine from information gathering. And dopamine from information gathering is a dangerous drug. You read the book and you get the information and you feel all good about yourself. But you haven't done anything with that information. We need to get our
Starting point is 00:15:33 dopamine from action, from actually going and doing something on the back end of it. What's an anti-goal, Salyam? The idea of anti-goals is a very interesting one. Goals we all know about. It's the summit of the mountain, the thing that we're trying to climb towards the focus. Anti-goals are the things that we are not willing to sacrifice in our pursuit of those goals. So basically, they're the things we don't want to happen. So as an example, let's say my goal is to become CEO of my company. My anti-goal might be being away from my family 300 nights out of the year, you know, sacrificing my health due to the stress and all of the travel required to get to that job. I want to achieve the goal of becoming CEO, but not if it means having those anti-goals become real.
Starting point is 00:16:19 The reason this is so important is, you know, to paraphrase Charlie Munger, all I want to know is where I'm going to die, so I'll never go there. These are the places where you are going to die. And you need to understand and have them clarified in your mind so that you can avoid them as you continue to march forward towards your goals. Okay. I consider myself somebody that has some pretty good social wealth. So define for me what social wealth is. Whether you think I'm right or wrong, and then define for me what social wealth is. I think you're right, but I don't think it's something where we can necessarily judge others.
Starting point is 00:16:54 But social wealth is all about your relationships. It's about your depth of relationships with the few close people. You know, you're true, what I think of as like darkest hour friends, the people that you can call it three in the morning when the chips are down, when your company goes bankrupt, when you get arrested, when you're stuck, when you're in a rut. Those are your true deep relationships. Then there is the broader circle of breath, of the relationships that extend beyond that core, the communities, the spiritual networks, the things that you are connected to that kind of extend beyond the self, those higher order communities.
Starting point is 00:17:27 And the combination of those two is kind of what creates your social wealth. And at the end of the day, social wealth is what provides the texture to be able to enjoy any of the other types of wealth. When you think about having any level of financial wealth, no one dreams about being on a yacht by themselves, right? Like you want people to enjoy these things with. You don't dream of being able to go on these amazing hikes or trips or experiences by yourself. You want to have others by your side with them. So social wealth is the one that I would say most people fail to invest in. And the mindset shift here that's so important is we know that investing in our financial wealth is a smart
Starting point is 00:18:06 decision that putting away $100 today is going to compound into our future. The exact same principle applies to social wealth. Investing in your relationships today is arguably the best investment you can make because it will pay dividends for a long, long time into the future in the exact same way that a financial investment will. Let's talk about falling in love while I've got you here. And by the way, I could talk to you for hours about this book, but I don't, I know you don't have unlimited time because I got to keep your time wealth at a high level, so I like it. I like it. But let's talk about falling in love. Yeah.
Starting point is 00:18:37 The younger generation, you're in the younger generation. I'm in the older generation. Is it harder for younger people to fall in love these days? Or do I have that wrong? It's just a non-scientific assessment that I'm making. I think that social media has done a number on our brains. And young people are the primary victim of that because they grew up with social media. And, you know, social media has convinced you that falling in love is what matters.
Starting point is 00:19:05 And what I always say is that falling in love is easy. Growing in love is very, very hard. And falling in love is what you see on social media. It's the Instagram filtered images. It's the perfect vacation moments. It's the fancy date nights out. Growing in love is much deeper. That is about shared struggle. It's about sitting in the mud with people. It's about the hard conversations. It's about all of those things that contribute to actually building a deep connection with someone. Shared struggle, we know. releases oxytocin in our bodies. It's the chemical that creates feelings of love and connection. So if you live in this world of social media where you just hit the eject button as soon as things get hard, because you know you have this range of options right at your fingertips, you will never actually get to that growing in love phase that builds the deep relationship, that actually builds that connection that you're looking for. So you think social media, is social media like smoking for the last generation? Is it like, does social media give your brain lung cancer?
Starting point is 00:20:07 Of course, that's a mixed metaphor, but I think you're following me. I think that social media is worse than smoking, because smoking got your lungs, social media gets your brain. And I am very worried. I mean, when I think about my son growing up in the age that he will with social media, with AI, not being able to know what is truth or. complete fake. I have deep grave concerns for what the future of some of these technologies look like. And look, this is coming from someone who does a lot of work on social media. And I think the
Starting point is 00:20:39 different, I think the distinction that you need to make in your own mind is whether you are using these technologies for growth, for learning, for education, or whether you are using them for cheap, quick dopamine hits of entertainment. And there's a limit to how much of those cheap, quick fix dopamine hits of entertainment that you can have before your brain starts to fundamentally experience some level of a rot. And we've all experienced this in some way, right? Like, I can see my attention span getting worse from how much I use social media. Right. And it pains me, but it's just the reality that we live in. Yeah. I mean, and also you want to take a longer term perspective. And if you get off social media, you have more conversations like this,
Starting point is 00:21:23 you're just going to have a richer life. You know, you, you, you, you, you, you, you, you, you, you, You write in the book that you should imagine what your 80th birthday party is like. But I'm just going to tell you right now, Soil, I'm having a killer 69th birthday party. I'll let you, in your mind, understand why 69 is my favorite number. We'll just leave it there. But I'm not waiting to 80 to have this party. Well, I expect an invite to 69 then. That's good.
Starting point is 00:21:51 Because it's a few moments away from now. You're going to blink and it's going to be here. But why? Why imagine yourself at age 80 at your birthday party? This exercise of imagining that future self is really the best way that I can think of for clarifying your actions in the present. So thinking about yourself and what you're going to feel like and be like physically at your 80th birthday party is a good way to assess whether you are taking the right actions in the present to create a future that you actually want. And the question is, are you going to be dancing at your 80th birthday party? All your friends and family are there and they want you to come out to the dance floor.
Starting point is 00:22:27 are you going to be capable of getting out on the dance floor and busting out a move and dancing to your favorite songs with your favorite people at that party? Or are you going to be debilitated? Are you going to be in a position where you cannot? And fundamentally, the seeds of that future outcome are being sown right now through your daily habits, through the things that you are doing. I went to my 10-year college reunion recently. And looking around, I had this powerful realization that some of the people looked 50 and some of the people looked 30. And the reality is your daily habits show up on your face after 10 years. So now imagine after 50 years what the impact is going to be on your face, on your entire body. You control those things on a daily basis. You are controlling that
Starting point is 00:23:10 future. And your future self is the direct air of all of the decisions and the habits that you have in the present. So Charlie Munger is a Capricorn. Benjamin Franklin is a Capricorn. Saw Hill Bloom is a Capricorn. Am I right? I am a Capricorn. Yeah, January 5th. Okay. And my birthday's on January 6th, which used to be Trump Insurrection Day, but it's now Trump Freedom Day. It's a drool. Okay, so do you believe in the horoscopes? You think that there's something to the... My wife definitely does. So by default, I go along with it. So when is your wife's birthday?
Starting point is 00:23:45 My wife is April 5th. Actually, he's an Ares. Okay. Capricorn Aries relationship. So I just asked me, just throwing it out there. Okay, give me the single greatest investment in the world. You write about it in your book, So Hill, what is it? My dad, when I graduated college, gave me a single piece of advice, which was, never think twice about investments in yourself. And he talked about those as quality food, fitness, personal development, sleep, mental health. All of these things are investments that you can make in yourself that pay dividends over a long period of time. And that guidance, I think, has been the single best piece of advice that I've received going into my life and into my career. And it is what I consider to be the best investment that you can possibly make. Okay. So your point being more education, more books, better health care, better training, meaning physical training.
Starting point is 00:24:48 Yeah, lean into yourself. I mean, you are the only investment that you make that has an infinite hold period. Everything else is temporary. So lean into yourself, go all in on you, and you won't regret it. So what is something that you regret? Oh, I have a lot of regrets, unfortunately. Although I don't really believe in regret in a technical sense if you are happy with where you are. Because all of those things contributed to the type of person that you are today and the path you are on.
Starting point is 00:25:17 I do have real regrets about the fact that I allowed my relationship with my parents and with my sister to atrophy over those years while I was chasing money that I didn't call. that I didn't spend time, that I didn't open up about the things that I was facing. Because those are years that I'm never going to get back. And as much as it's been remedied now and that we are so close and we all spend so much time together, I really do have regrets around that. Okay. All right. Fair enough.
Starting point is 00:25:46 I think we all have some regrets, but I do agree with you. Self-pity, playing the victim and having regrets are wasteful. It's just not necessary. Bad energy comes out of all those things. So, all right, we're now at the point in the podcast where we've taken five words from your book. And so I'm going to say the word and then I need a one or two sentence reaction from you. All right, you ready? Yeah.
Starting point is 00:26:10 All right, so I say the word time. You think of what? Flying by faster than you can ever imagine. Okay. But it's a relative word, though, right? Time is relative. It is relative. There is a recognition in all of that.
Starting point is 00:26:26 Einstein said it was an illusion soil. Yeah. There is a recognition that you are in much more control than you think and that you can take action to actually create time with the people that you care about most. Okay. So when you, when I read your book, I hear the word time. I think take control. Take control of your time. Learn to say no to things that aren't important to you.
Starting point is 00:26:48 Learn to say yes to things that are. Okay. I want to say the word social. You say what? Loving relationships with the people that. truly matter in your life, leaning into those energy-creating relationships on a daily basis and investing in them as your most precious investment. See, when I read your book, and I see the word social, love and care about the people
Starting point is 00:27:13 close to you and care about what they think about you, but don't care about what other people, what other people think about you is none of your business, right? Ultimately, if you can create that defense barrier, it'll be a lot healthier, which is a good segue into the word mental. find your path and ignore those that have been handed to you by others pay the price on the daily basis for your distinctiveness as a human being okay what about physical take the daily actions to invest in your body and fight against the natural decay and atrophy that aging is going to put upon you how old do you know i'm 34 okay so i well i got you by 27 years Bell. All right, my boobs are starting to sag. You're doing good. You're doing good for yourself.
Starting point is 00:28:01 My boobs are starting to sack. Okay, let's talk about financial. Find your version of enough. I think that expectations are the single greatest financial liability. And understanding your version of enough is the single most important thing that you can do. Do you think like I do that, I don't know, when I worked at, I was a private banker. I was a financial advisor. I called it a miserable millionaires club. I couldn't believe how rich at me. I grew up with no money. So just the fact that whatever I have, I'm delighted by. But I feel like expectations really hamper mental health. If you have zero expectations, you're delighted with life. If you've got all these expectations, you know, I went to the hedge fund industry.
Starting point is 00:28:45 I went from miserable millionaires to miserable billionaires. What is that all about, soil? Stress is fundamentally experienced when there is a gap between your present reality. and your expectations. And in particular, when you don't have a real plan to close that gap. And so in that light, you can think of expectations as the real governor on your, on your ability to experience happiness. Because if your expectations continue to inflate, if you continue to compare yourself to others and people that have extraordinary things
Starting point is 00:29:17 and amounts, you will never feel happy with what you have. You'll constantly be chasing someone else's more that may or may not actually matter to you. So it's so well set. Okay. So the last one, this is the bonus word, wealth and the concept of wealth. What does it mean to you? I feel wealthiest when I am able to take my son in the pool at 1 p.m. on a Tuesday. That is my definition of a wealthy life. Being able to do that, you know, having the time and the freedom to do it, being healthy of mind and body to do that, having enough money so that I'm able to have a pool and do that. and having the loving connection with my son to be able to have him want to do that with me. That is my definition of wealth. All right.
Starting point is 00:30:02 Well, good for you. You're living a balanced life. God bless you. It's a phenomenal book. I enjoyed reading it thoroughly. The five types of wealth, and you've got them on the top time, social, mental, physical, financial, a transformative guide to design your dream life by Soil Bloom. And are you proud of me that I pronounce your name right?
Starting point is 00:30:23 I am really proud of you. I am like, I'm super impressed. I was going to send you a text after this. I remember shit. Okay. You saw the bloom. Okay. And you're a famous guy, but you're about to become very, very famous. This is an incredible book. God bless you for writing it. Are we writing another book? What are we doing? We'll see. I'm excited to see this movement build with this one. So we'll see it. I never plan too far in the future. I just try to enjoy it. Okay. Well, God bless you, man. You wrote a great book. And best luck to you and your family. Thank you for joining us on Open Book. Thank you so much. So Sawhill obviously is an old soul. And a couple of things came out of his book, which I really love and I always like to emphasize with people. Go hard on yourself in terms of working out, eating right, and trying to do the right things for yourself and your family. But go easy on yourself when you're making bad decisions or when you make a mistake. I think it's very,
Starting point is 00:31:25 very important for us. Sometimes our toughest critic is ourselves. And I think we'll, what we find in this book is so many great lessons in this book, but I think the number one lesson is life is meant to be enjoyed. Don't take it so seriously that you grind yourself into an impossible situation of ridiculous expectations that can't be met. So anyway, time. Time is probably the most important thing we have. I think he writes about it so beautifully. Just the concept of spending more time with your loved ones versus anything else, it being so important. And of course, I love the analogy that he gave about Warren Buffett. Buffett, obviously a brilliant guy, but you would take a younger version of yourself over an
Starting point is 00:32:12 older version of anybody that's loaded with riches. So anyway, phenomenal book. Get out there soon to be a bestseller, I'm sure, the five types of wealth. Ma. Hello? I love you so much, baby. Okay. You make everyone tick.
Starting point is 00:32:39 All right. You had a good time of your birthday party? Yes, I did. Okay. It was beautiful and thanks, Deirdre, for finding the pocketbook that I wanted. Okay, and you're going to walk around on those high heels still at 88? Yeah, why not? All right. Okay. All right, so you want to... I break my neck. I break my neck.
Starting point is 00:32:56 You want to come on the podcast or no? Yeah, of course. Of course you do, right? You have your fan base. You have to take care of your fan base, right? I have what? You have to take care of your fan base, right? Like you were talking about last night. Right, right? People know you're on the podcast, right?
Starting point is 00:33:14 Yeah, thank you. All right. Okay, so Ma, I had a guy on who wrote a book about the five types of wealth. His name was Sawhill Bloom. So, Ma, do you think wealth is just about money or you think there's other things that make somebody wealthy? Like what? If you have a lot of money and you only think about money, money, money, it almost destroys your minds. You have to share it to the right people that would appreciate it, especially family members. I had a mother who used to give her money away to her immigrant Italians, and you take after her. What can I say? Okay, but you don't just think about wealth, wealth, well, well.
Starting point is 00:33:57 Okay, but why is money, but money is also important, though, right? People have to be financially money talks and shit walks, but I'll tell you something on the podcast. kid. My dad owned a lot of businesses in Fort Washington, and I had everything as a kid. When he got older at 65, he got Parkinson's. By the time he was 87, he was pretty bad. And you know what he said to me? And he always thought about money, money, money, money. You know, he wasn't the giver that my mother was. But he said, wealth is health. Don't ever forget it, because I have this and all the money I have made, I could never buy my health. And I believe that, though.
Starting point is 00:34:42 All right. So what are other things that make somebody wealthy, Ma? Not money. A good mind. A very, very smart, business sense, and a very good mind. Okay, but a good mind means also staying in balance, right? Not getting too depressed or too anxious, right? So how do you keep from getting anxious, maw?
Starting point is 00:35:04 What's the secret? I have an outside interest besides it's money, money. You have to like exercise and you have to see the world beautiful and you have to look at people equal and you and you have everything. They have money. You have the humanity of being good to people. You know, I think, you know, I know you go nuts, but you're my son and I think you're perfect. Okay. All right.
Starting point is 00:35:31 Thanks, Mom. Most moms think their sons are perfect, Bob. It's good. I am Anthony Scaramucci and that was Open Book. Thank you for listening. If you like what you hear, tell your friends and make sure you hit follow or subscribe wherever you listen to your podcast. While you're there, please leave us a rating or review. If you want to connect with me or chat more about the discussions, it's at Scaramucci on Twitter or Instagram.
Starting point is 00:35:58 I'd love to hear from you. I'll see you back here next week.

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