Trading Secrets - 226. Sahil Bloom: 7 figures a year from a newsletter?! BTS of working in private equity to his NYT Best Seller “The 5 Types of Wealth”, what YOU need to know about building your dream life

Episode Date: March 17, 2025

This week, Jason is joined by author and entrepreneur, Sahil Bloom! After spending seven years as a private equity investor, Sahil transitioned into entrepreneurship by founding SRB Holdings, a person...al holding company that encompasses 10 cash-flowing businesses. He also launched SRB Ventures, a $10 million venture capital firm dedicated to investing in and accelerating startups worldwide. Among his top business ventures is The Curiosity Chronicle, a biweekly newsletter that captivates millions of followers. Through this newsletter, Sahil provides in-depth insights on a variety of topics, including growth, decision-making, business finance, startups, and technology. Sahil shares his journey of discovering a fulfilling life that prioritizes time over money, becoming a "time billionaire." He discusses the realities of private equity, including compensation, competitiveness, and the key factors behind his career shift. Sahil highlights the power of small, consistent actions and how they compound over time. He also delves into the business of his book, The Five Types of Wealth, covering his experiences with publishers and payment structures. He breaks down the five types of wealth—time, social, mental, physical, and financial—and offers insights on defining “enough” for yourself and balancing these wealth types. Sahil shares his top nighttime habits, tips for achieving work-life balance, and introduces the "Help, Heard, or Hugged" method, while emphasizing the importance of understanding your “why.” Sahil unveils all this and so much more in another episode you can’t afford to miss! Host: Jason Tartick Co-Host: David Arduin Audio: John Gurney Guest: Sahil Bloom Stay connected with the Trading Secrets Podcast!  Instagram: @tradingsecretspodcast  Youtube: Trading Secrets Facebook: Join the Group All Access: Free 30-Day Trial  Trading Secrets Steals & Deals! Zola: Zola is a wedding planning brand for modern couples. We’re not just there for THE day—we support our couples from the day they get engaged to the day they get married, and beyond. Start planning at Zola.com Upwork: Hiring shouldn’t be a hassle or a drain on your budget. Upwork is your one-stop shop to find, hire, and pay top freelance talent—saving you time and keeping costs in check—all in one place. Posting a job on Upwork is easy; with no cost to join, you can register, browse freelancer profiles, get help drafting a job post, or even book a consultation. Visit Upwork.com right now and post your job for free. Robinhood: With Robinhood Gold, you can now enjoy the VIP treatment, receiving a 3% IRA match on retirement contributions. The privileges of the very privileges are no longer exclusive. The new gold standard is here with Robinhood Gold. To receive your 3% boost on annual IRA contributions, sign up at robinhood.com/gold  Hims: Hims is changing men's healthcare by providing you with access to affordable sexual health treatments from the comfort of your couch. Hims provides access to a range of doctor-trusted ED treatments like chewable Hard Mints, and Viagra and Cialis and their generics for up to ninety-five percent cheaper. The process is one hundred percent online so there's no need for uncomfortable doctor's visits. Start your free online visit today at Hims.com/TRADINGSECRETS 

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Starting point is 00:00:00 Welcome back to another episode of trading secrets. I'm your host, Jason Tartick, and welcome to the pre-market trading segment. Tell you a little bit about our guests today, an update you need to know in the financial market and then something going on in my personal life. Well, today's guest is Sahil Bloom. I think the most exciting thing about Sahil right now is his. book is flying off the shelves, a New York Times bestseller week after week after week, and he's going to talk about the five types of wealth. And don't think money, don't think finance, think life. If you are going through anything in your life in which you need
Starting point is 00:00:46 any form of transformation, and I'm talking A to Z, whether it's your relationships, it's your money management, it's your career, it's you're just feeling down, you need to change, anything, you're going to hear it from an expert. And this is an expert that is being endorsed by some of the best in the business right now, like Mel Robbins, being endorsed by Tim Cook, the CEO of Apple, being endorsed by Gary Vaynerchuk, being endorsed by Bill Ackman, who is one of the biggest hedge fund managers in the entire world. Andrew Huberman, I'll stop there. But you're going to get so much out of this episode. of my favorite interviews in a really, really long time. So I'll stop. But I also want to say this,
Starting point is 00:01:33 stay tuned to the recap, because David gives a hilarious breakdown of his take on these things. And we get in a little bit of an argument. So I'll be curious what you guys think of that. Also, before I go on in this intro, I want to let you know that I have a giveaway going right now. I am giving away a Theragun mini. It's sitting right now packaged in my hands. All you got to do is go give us five stars on this episode and let us know what your biggest takeaway is and then also go go dm sehill and let him know what you thought about this but that's how you enter give us five stars on apple or spotify let us know your biggest takeaway and in there just put your instagram handle and i will announce the winner on next week's intro now a little update in the
Starting point is 00:02:12 market i already talked about bill acman one of the biggest hedge fund managers in the world i always give you my take on stuff so i saw a take literally it was it was literally just 10 minutes ago i saw this take and it's from steve cohen and uh anyone who knows steve cohen he is the majority owner of the New York Mets, and he also is a massive, massive American hedge fund manager that is worth over $20 billion from truly investing. I'm just going to let you listen to what his take is right now on 2025. I also want to say Steve Cohen's hedge fund average 25% returns for over 20 years in a row. And this is his look right now with what's going on in the market. here we go there's really a lot of uncertainty i mean tariffs cannot be positive it's a tax tax is
Starting point is 00:03:03 never positive on top of that we have slowing immigration and in addition now you have doge wherever you lay on the doge issue i mean that's austerity has got to be negative for the economy we think growth is going to slow to one and a half percent from two and a half percent in the second half the reality is we've got a brew of sticky inflation slowing growth and austerity in the government. And so I'm actually pretty negative for the first time in a while. And it may only last a year or so, but it's definitely a period where I think the best gains have been had that wouldn't surprise me to see a significant correction. Okay, so in a situation like that, why not listen to the biggest invests in the world doing it and what they think is going to
Starting point is 00:03:46 happen? And again, these are people who have had massive, massive success with investing. So it's always interesting to see. And we'll see. Maybe he's wrong. Maybe we don't see a market correction in the next year or so. But I figured I'd give you the perspective of a piece of advice that I just saw from one of the biggest and best. Update for my personal life, Teddy is in the house. He is killing it. He's such an absolute beauty of a dog. We're going through some training. We just did the RV trip from Tennessee to New York City. It was interesting. It was eventful. We stayed in the city for the week, which was a blast. Was that a planet Hollywood event? It was such an interesting group of people that were there.
Starting point is 00:04:27 You had Arnold Schwarzenegger was there. Alec Baldwin was there. 50 Cent was there. Pete Davidson was there. All the real housewives were there. It was a wild group. But had that event, and wow, did we have some really good podcasts in New York City? I'm excited to share those ones with you.
Starting point is 00:04:46 And the RV trip back was hilarious. We had to escape the tornado in Nashville, which wasn't hilarious. But we stayed in Lexington. And the RV life, if you didn't follow it on Instagram, go give me a follow. Jason underscore Tardick. It was, it was interesting. So also, if you give me a review, five stars, let me know what you thought about the RV content because we have a potential, like, couple.
Starting point is 00:05:13 We might be pitching an idea to a couple production companies. I don't know. We'll see what happens. But hey, that was a long intro. Let's get into Mr. Bloom. You're going to love Sehill's message and say to the recap. the recap is juicy. Thank you for tuning into another episode of Trading Secrets you couldn't afford to miss.
Starting point is 00:05:28 Let's ring in the opening bell. Welcome back to another episode of Trading Secrets. Today we are joined by author and entrepreneur, Sawhill Bloom. Having spent seven years working as a private equity investor, Sawhill transition to an entrepreneurial career path by starting SRB holdings, a personal holding company composed of 10 cash flowing businesses and SRB ventures, a $10 million venture investor, firm committed to investing in and accelerating startups around the world.
Starting point is 00:05:58 One of his top business endeavors, Sahil captivates his millions of followers every week through his biweekly newsletter, The Curiosity Chronicle, which gives subscribers a deep dive that covers topics ranging from growth and decision making to business, finance, startups, and technology. I mean, that is trading secrets A to Z right there. On top of it all, he has now debuted shortly here, his nonfiction book, the five types of wealth, a transformative guide to design your dream life. If you're listening into YouTube or watching right now, you can see his book and wait to the end because we are giving
Starting point is 00:06:34 five pre-orders away. All right, let's do it, man. We've been waiting for a while. So I'll thank you so much for being on trading secrets. Thank you for having me, man. This is a thrill to get to do it in person too. It's been a long time coming. It has been a long time going. You're killing it. On all social media platforms, you're killing it. I have so many things to talk to you about. But let's start with this. This is a quote from you. We have been lied to to believe that money is the only type of wealth. Now, of course, on trading secrets, we talk all about financial transparency and we talk money. And then I also heard on your podcast, your number one intention is to recognize time as the most
Starting point is 00:07:11 important asset, not money. So talk to me a little bit about that intention. Your scoreboard is broken, or at least incomplete. And, you know, this is a realization that took me 30 plus years to figure out, I would say, in my own life. And what it fundamentally comes down to is that the things you measure end up being the things that you optimize around. There's this famous quote, Peter Drucker, management theorist, said, what gets measured gets managed. And it's the whole idea that the thing that you measure ends up being the thing that you focus on. It's the thing that you narrowly hone in on and optimize your whole life around. Money has exclusively been the way that we measure our lives historically. And that's partially because it's so easily
Starting point is 00:07:54 measured. It's a single number that you can place next to your name. As a result, it has sort of become our de facto default life scoreboard, if you will. It's the way that we think of measuring our lives. We take a single number and apply it to who we are as humans. And unfortunately, money is only one piece of the broader puzzle of winning this life war that we're all fighting, which is about happiness and fulfillment and achieving the joy that we're all after. And so when I set out on this journey, if you will, over the last few years, it was really to try to understand if there was a better, more complete scoreboard, a better way to measure all of the right things that contribute to that life of fulfillment. And then as a result, if you measure the right things,
Starting point is 00:08:38 you'll take the right actions and then create the right outcomes. Yeah, I mean, it's like you're because you're in venture capital, your P.E., the whole idea behind that, right, is optimizing the businesses to build them up and hopefully exit them. It feels like what you've done, is this philosophical journey of optimizing your life in ways that we're taught to do almost like the opposite of. So it's like you're finding different efficiencies in which we weren't directed towards those ways. Yeah, I think that's true in some sense. And look, what I'm saying is that if you just accept blindly the definitions of success that the world hands you, sure you will never feel successful until the moment you define what success looks like to you okay
Starting point is 00:09:26 and by chasing everyone else's definitions of success you're sort of setting yourself up for failure because you're just going to be convinced that there's another more that you need to achieve we've all experienced that right where like you say early in your career oh once i make a million dollars then i'm going to be set life is going to be good i'm great you get to a million dollars and then suddenly you're like, oh, actually three, actually five, actually 10, whatever. The number just keeps shifting and you don't find that lasting fulfillment that you were looking for. And like, this has actually been studied. Michael Norton, this professor at Harvard Business School, did this famous study where he went and asked a bunch of high net worth people, worth from a million dollars on through
Starting point is 00:10:05 a hundred plus million dollars. How happy are you on a scale of one to ten? Then he asked, how much more money would it take for you to be a 10? And across the board, whether they were worth million or 100 million. Everyone said they needed two to three times as much money. So it makes no sense, but that's the path that we all find ourselves on if you exclusively define your worth around money. I love it. So if there are people that are listening to this right now that do find as though they're chasing money as their identity, what advice do you have for? Start to measure the broader set of principles that we're talking about here. You mentioned at the outset, this intention that I established for 2025 to appreciate time as my most precious asset. That's where
Starting point is 00:10:50 all of this begins. You are very much a billionaire in one particular sense, which is you are a time billionaire. The asset that you have the most of is time. I go to young people all the time and they're all obsessed with making a whole lot of money. And you ask them, would you trade lives with Warren Buffett? I ask this to you. Would you trade lives with Warren Buffett? No. He's worth $130 billion. He has access to anyone in the world. He flies around on private jets. He's got houses all over the place.
Starting point is 00:11:18 He reads and learns for a living. You wouldn't trade lives with him. Very inspired by him. I want to learn from him. Totally. He's great, but I would never want to trade life. Because he's 95 years old, right? There's no way you would trade the amount of time you have for $130 billion.
Starting point is 00:11:32 So you know in the back of your mind that time has incalculable value. And yet, on a daily basis, how often do you disregard the value of your time? We sit here on our phone, scrolling around, looking at other people's lives, doing nonsense. You know, we waste energy on stupid things, chasing around little opportunities. And we're disregarding the fact that time is our most precious valued assets. Interesting. I like that idea of you thinking about a billion seconds equaling like a net worth for someone based on their age.
Starting point is 00:12:01 So that's a new way to look at it. Like look at your age, look at life expectancy, add a couple 10 years because you're healthy listen to this. And then think about that. that's like your new net worth. That's a new way to look at time is your net worth and that you have in seconds left as opposed to what your actual net worth is. Exactly. I mean, a billion seconds is roughly 30 years. So if you're 20 listening to this right now, you have two and a half billion seconds. If you're lucky, if you're 50, you might have a billion and a half if you're
Starting point is 00:12:30 really lucky. I like it. It's a good philosophy. But I also think through money, we could learn a lot of lessons, right? And we can learn lessons like that you're teaching us right here. I was reading a little bit and people want to know how you got your start and how you got to where you are and you have had massive growth specifically in Twitter, which is so different than people that actually come on this show. I've got great growth elsewhere too, but it seems like your writing is what's really taken off. And there was an interview you did that you said that your Curiosity Chronicles newsletter is bringing in about 70K a month. So is that number accurate? How many subscribers do you have? Talk to me a little bit about
Starting point is 00:13:09 the newsletter. Yeah. Newsletter now brings in north of 100K a month. We see numbers in all different areas. A newsletter doing 100K a month is unbelievable. Newsletters are incredible businesses and people actually don't appreciate this. And for anyone out there that's listening, I actually think newsletters are a massively under penetrated industry and an opportunity. And I think you can approach it from a variety of vectors. Like I obviously have a self-improvement newsletter. It's probably pretty hard to start a general self-improvement newsletter today and get it to scale. There's a lot of them now. I sort of started it in 2021. There was less. It was earlier on in the curve. But I think there are incredible businesses to be built in the local newsletter business. Like, you know,
Starting point is 00:13:53 I just actually met a friend who started a local Franklin, Tennessee newsletter. That's making like 10K a month after six, nine months of starting this thing. You're like building it up. It becomes local news. You're getting local businesses to sponsor it. There's really interesting businesses that can be built around newsletters. Interesting. Talk to me about your structure. Did you first build credibility on Twitter and then from Twitter you brought that audience into your newsletter? Yeah, I have zero credibility on TikTok. No dancing. No dancing. We're almost all out there. Yeah, you wouldn't want me to dance. Yes. So on Twitter, I originally in 2020, I was, yeah, I was working. I was a vice president and had a private equity fund. So I was making a bunch of money. I was doing quite well.
Starting point is 00:14:31 I was miserable, and there was a lot of other areas of my life that were really suffering, but I was doing well in the money game, and I got stuck at home because of COVID, like everyone else. And so I had all this time on my hands. I started writing on Twitter, had 500 followers at the time. I was kind of the first person that started writing threads, which have now sort of become a meme. At the time, they were just an under-penetrated. It was like, you know, the principle on life here is to identify the mispriced opportunities, opportunities that aren't, you know, fairly priced. Same as like you try to pick a stock that is opportunities and businesses can be mispriced. And so threads were like a mispriced opportunity. You were generating
Starting point is 00:15:05 outsized growth for the same amount of input. And I used threads really effectively to drive owned subscribers to my newsletter. So, you know, I'd write a thread and then at the bottom, it was like, if you want to go deeper on this topic, I'm going to write about it on my newsletter, subscribe here. And so you were getting a really, really high rate of opt-in in those early years into an owned audience rather than one that just existed on the platform. Okay. And then for people wondering, okay, you build your subscriber base. How do you actually make money? Talk to people about how you monetize a newsletter. Yeah, mine is pretty simple, which is just sponsorships.
Starting point is 00:15:37 So every newsletter has a single sponsor that goes out in it. And, you know, that rate has increased as the subscriber base has increased. So now the subscriber base is a little north of 800,000 people globally. And obviously, you know, CPMs, like it depends on where the subscribers are, but, you know, being well over 50% U.S. And it's, you know, a more like professional audience. Like, you end up getting a good, pretty good rate relative to, relative. to other things. Pretty cool. Clearing seven figures a year off a newsletter. And how, like, how big is your team and are you writing the newsletter yourself? I write the newsletter myself. I do all
Starting point is 00:16:09 of my creative work myself. My whole goal in general from a structural standpoint at my holding company level is that, like, I basically get to spend 99% of my time on creative things, which is what I really enjoy doing, what I'm good at. And then there are people that handle everything else. So, you know, anything that's like back end, operations, logistics, like with the newsletter, or there's a lot of segmentation, funneling, you know, the sponsor stuff, like all of those things get handled by team. I have a chief of staff or president who sort of oversees everyone underneath that. And then there's, you know, various junior people, researchers, things like that. Very cool. So I love how we did start the podcast with the idea of like, we're told money is the
Starting point is 00:16:46 only type of wealth and how you were stuck in a position where that's kind of what was consuming you into where you are today, motivating so many people to get out of that mindset. Talk to me about this, though. Stanford grant. You get into private aqua. You're making a bunch of money. Now you're in your own space where you have a venture firm and you're doing newsletters and social media and you have your first book coming out. When you look at the revenue sources based on where you've been and where you are, are you making more now than you would have if you stayed on that private equity, money hungry, like driven path that was consuming you? My income is definitely higher. Okay.
Starting point is 00:17:22 I would say my risk-adjusted long-term wealth. Yep. is probably lower, I would guess, just given I'm so energized by the things I'm doing, that I'll end up making more going down this path. But like private equity is probably the single highest risk-adjusted net worth creation path that you can follow as a human being. I mean, like, if you end up joining like and doing pretty well and you become a partner at one of these places, your odds of making somewhere like 30 plus million dollar net worth are very, very high. Just the math of how carried interest works.
Starting point is 00:17:56 and if you're at a billion-dollar-plus fund, that will likely happen. But income-wise, you're much more tied in those worlds to, like, long-term seven-plus-year vested carry over long periods of time. And so from an income standpoint, I'm definitely making more now. Okay. So I have to drill into this a little bit because we've had all different people, all different industries. Todd Graves selling chicken tenders worth $9.2 billion.
Starting point is 00:18:20 But we actually haven't had anyone ever that's touched the P.E. space. So can you give, for people that are listening back at home, you go to Ivy League, you're at Stanford, you graduate, you get into the PE space. Around how much are you making base salary, what's the bonus potential, and then just kind of walk through to our listeners, what that career track could look like when you're speaking about some of the upside of 30 plus million in that worth. Yeah, and by the way, I ended up stepping off the track. I think it's an incredible track for early in your career.
Starting point is 00:18:46 And if you love it, it's an incredible track for your whole career. You get a ton of energy out of it, which a bunch of my friends who stayed did. And this is fun because I've never really gotten to talk about this. So early on, when you start out, you know, like analyst associate roles are somewhere in the ballpark of like between probably 120 to 200K based salary, depending on the size of the fund. So the way these like brackets always get broken up is by the size of the fund. Because for those aren't familiar, private equity fund, the way they make money is really in two ways. One is a percent of the money they're managing just as an annual fee.
Starting point is 00:19:19 So typical is two percent of AUM. So like if you're a two, if you're a billion dollar fund, you have 20 million. in fees just coming into the firm to pay their employees every year. And then they make like 20% of the profits they generate for their investors. So it's an incredible business model. A billion dollar fund can pay you less than a $10 billion fund as a result. Sure. So say somewhere in the ballpark of 120 to 200 and then probably another like 100K bonus on top of that. So you might be making like, you know, 250 to 350 all in. Right out of school. Yeah, probably 200 straight out of school if you're like an analyst. And
Starting point is 00:19:55 then if you're an associate, which is really the first role where people enter, it's probably more like 300 to 400. Okay, we'll get to that in a second. But people back home, if you don't know this, because it's so competitive, you're 21 years old, you're working in private equity, making $200,000 grand a year. The interview process and the entire just competitive landscape to get in is it's barbaric, right? So talk and paint the picture a little bit about how hard it was to land one of those jobs. Yeah, barbaric is a great, great term for it.
Starting point is 00:20:23 I mean, you are, you know, in a lot of these really highly competitive private equity funds, you know, like a Blackstone, KKR, some of the biggest funds that you've heard of. Carlisle, it is, you know, a long arduous process of both behavioral and then what they call case interviews. So the case interviews are grilling you on business understanding, on, you know, doing math on the fly, you know, on your modeling competency, like actually doing Excel financial models. You know, and it can be multiple, multiple rounds. and you're going up against some of the most competent people in those realms. And what I would say is if you want to stand out in those interview processes,
Starting point is 00:20:59 it's the combination of EQ and IQ that makes you successful in private equity for the long run. As an analyst associate, just being like high IQ actually is quite effective. You just need to be able to turn out models. You need to be able to work 80 to 100 hour weeks without complaining. Computer jockey. Exactly. I mean, model jockeys that you can do well, but you're probably not going to build a partner track career being just that.
Starting point is 00:21:23 Because it becomes much more about relationship development, LP relationships. You need to understand how to sell. You need to be able to pitch yourself to prospective investments, et cetera. So making sure that you're making sure that you stand out on the behavioral interviews to explain more about who you are, what motivates you, why you're a great teammate. Those kind of things really help. Okay. And then you're talking about the associate level, three to 400, walk me through VP partner,
Starting point is 00:21:48 or what it looks like for people back on. Yeah, typical VPs in private equity will make, you know, order of magnitude half a million to 750 probably in cash comp at a bigger, bigger fund. And partners are making a million dollars plus. Okay. You know, junior partners probably in the like low million and then on up from there. Okay.
Starting point is 00:22:04 I love it. So now you guys hear a little bit of his background, where you've come from. I mean, brilliant education. But you went from that world, which again is so cutthroat, so competitive. It's very linear to then like today I was on your Instagram and I'm doing some
Starting point is 00:22:18 research about some of the theories and philosophies, which are all, like all of them, I'm like, these are great. But there's the help, hug, or herd theory. We're going to get into that. But when someone's hearing, you come up with the help hug or herd theory. And that also in this space with the sharks, the sharks, was there some type of breaking point personally? Did you hit rock bomb in a place that you never expected to make this type of transition? Or, you know, how do you go from that to this? Yeah. It's, it's interesting. I mean, it's, The most common pushback that I hear when I, like, go talk about these concepts is, you know, like, easy for you to say after you've made money, right?
Starting point is 00:22:56 Like, oh, it's another guy that made money telling us money doesn't matter, which is like this meme, right? It's like this common thing. And I'm actually not saying money doesn't matter. I'm nowhere in the book, nowhere in anything that I say, am I going to tell you that money doesn't matter or that you should like, you know, go give up your worldly possessions and live in the Himalayas, you know, whatever, meditating for 12 hours a day. I like money.
Starting point is 00:23:16 Like, I like having nice things. Yeah. I'm just saying it can't be the only thing that you focus on. And in my own life, my own experience, that was what happened to me. I became so narrowly focused on money being the sole driver of my contentment and happiness that I lost sight of everything else in my life. Truly, like, had blinders on. And, oh, look, I thought I didn't want kids because I thought it was a distraction to making money.
Starting point is 00:23:40 I started to see relationships suffering. I was living 3,000 miles away from my parents, from my sister. our relationships had ground to a halt. My wife and I were struggling to conceive at the time. That was causing strain. I was drinking seven nights a week. Like physical and mental health were all over the map. I was overweight.
Starting point is 00:23:56 And on the surface, you would have been like, I'm winning the game, right? Like I was making more and more money. I was getting promoted while under the surface, all of these things were falling apart. And so it all came to a breaking point for me in May of 2021. I went out for a drink with this old friend,
Starting point is 00:24:10 and he asked how I was doing. And I told him that it had started to get tough being, 3,000 miles away from my parents who were getting older, super, super close with them. And they had started to show their mortality. They were slowing down. And he asked how old they were. And I said mid-60s. And he said, how often do you see them?
Starting point is 00:24:29 And I said, about once a year. And he just looked at me and said, okay, so you're going to see them 15 more times before they die. And I remember feeling like I would just punch in the gut. I mean, the idea that the amount of time you have left with the people you care about, in the world is so finite, so countable that you can put it onto a few hands just shook me to the core. And the next day, I told my wife that I thought we needed to make a change. And within 45 days, I had left my job. We had sold her house in California and we'd moved across the country to live closer to our parents. And that spark, that change was really the
Starting point is 00:25:12 catalyst for everything that has followed in the last several years. It was reframing and reprioritizing the things that we truly valued, the things that we cared about. And so that's what all of this is about. It's take the time to think about what you truly want, what your true North really is, and then go take the actions to actually build your life around that. Yeah. Some of the concepts you're talking about are, I mean, they're brilliant. They're deep. They're so real. When any one of us hears the idea of, I see my parents for Thanksgiving and Christmas, and that's 24 more times. I mean, that makes the hair on my, you know, arms stand up. So I'm with you there. And I do think that people that hear everything you're saying also are going to say nod their head the
Starting point is 00:25:54 whole time. Like, yes, yes, yes. The thing I think people really struggle with, though, is not hearing and agreeing, but actually acting. And so the concept of within how many days you say it was, 45 days, you leave a job that's paying, you know, close. to what half million dollars a year to be closer to parents and start tweeting like it is so and obviously it's worked out unbelievably for you but i think where people really struggle isn't the concept of saying i hear it i understand it it's a concept of actually driving the change and doing it and so someone who did take a massive leap of faith what do the people that are listening right now that really just struggle with doing it how do you just do it how do you actually get it done so two things i would say
Starting point is 00:26:37 here. Number one, I took a massive leap of faith. You don't have to take a massive leap of faith. You can take a couple of tiny actions. And that leads to point two, which is when it comes to your financial wealth, you know something very clear, which is that if you invest $100 today, that's going to compound positively into your future. And you know that investing $100 today is better than investing $0 today. And that anything above zero will compound. So frankly, if you could only invest 10 today, you should invest 10 today. That same rule applies to all of these areas of life. You don't need to take a dramatic change in any of these areas. You just need to do one tiny thing. You just need to take one small action that will
Starting point is 00:27:19 compound in the exact same way. Sending the one text, calling your mom, rather than not doing that, is going to compound positively in the relationship. You don't need to quit your job, move 3,000 miles across the country, and completely dramatically shift. shift your whole life. You just need to do the one small thing in all of these areas. And the whole, I mean, the book is filled with actual ways that you can go and do that, real actions that you can start. And you can build the momentum on the back of those. But anything above zero compounds, we need to recognize that in these other areas of life just as much as we already understand it in the financial wealth area. It makes perfect sense. It's like areas that we do understand
Starting point is 00:27:59 in the financial wealth area. Like the most basic 101 is your snowball method of repaying debt. right as far as the analytics the numbers that doesn't make sense is the best way to pay down your debt but what it does make sense is momentum and behaviors right and i think that's precisely what's happening baby steps you don't have to take that monumental change you can make a baby step they'll create this momentum and then you can make big changes in your life let's transition to a little bit about the book now when you get book questions they're going to be a little different than this i'm going to ask you the normal book questions but i also got to ask you the money questions. That's what we do on trading secrets. I mean, beautiful book. I love the cover of the
Starting point is 00:28:36 five, the five types of wealth. The first thing I got to ask you, I saw it on your, your Instagram. Holy shit, these endorsements on the back. You got Tim Cook, the CEO of Apple, Susan Kane, number one, New York Times bestseller. We all know Susan is Arthur Brooks, Harvard professor, another New York Times bestseller, Mel Robbins, everyone knows her, Andrew Huberman. I mean, these are five powerhouses. So the trading secret question I have, for you. Did you pay for any of these? I love the lab. It's awesome. And if not, how the hell do you get the CEO of Apple and some of these other heavy hitters to endorse your book? I don't think you can pay for endorsement. Maybe there is a market for paying for endorsements. My guess is the people you
Starting point is 00:29:19 would want to pay for endorsements are not viable by endorsements. And so it would be like adverse selection. No, I didn't pay. Tim Cook, I've been very fortunate to have as a mentor and friend in my life for 10 plus years now. How do you find Tim Cook as a mental? We originally met at the gym at 445 in the morning when I first started my first job. There's a trading secret. Yeah. In all seriousness, it is, look, it's engineered serendipity, right? It's like, it's like your manufacturing luck. I started my first job in 2014 working at that private equity fund. And, you know, I needed to get to the gym super early if I was going to still work out because my days were going to be from like 630 to 8.30. And so I got to the gym at 4.4.000. And so I got to the gym at 4.
Starting point is 00:30:00 45 every single day for six months or so. Same group of six or eight people that are there every day started becoming friendly with all the other people. It turned out one of them was the new CEO of Apple at the time, Tim Cook. He became a friend, mentor, started kind of seeking him out for different career advice, things I was working on. And he's ended up being an incredible supporter on the journey. He was one of the big reasons I actually had the courage to leave my prior job and go down this path that I'm on. I like it. Engineered luck. That's a little thing. I like that. It reminded to be instantly told me that story reminded me this one time we stayed grew up with robert kowski he stayed at his house it was friday night he was like we were like let's go out he's like no
Starting point is 00:30:37 we're going to stay and we're going to get a good lift tomorrow saturday night we'll go out we stayed in we were at the gym at like six in the morning some guy walks in and he was all excited about it but it looked like a kid like i was like what are you freaking it's like what are you freaking out about and it was robert craft's grandson and he's like dude this is great he's going to go back he's going to tell everyone that i was here at six in the morning engineered luck it's good stuff that's what a great mentor to have. Amazing, amazing endorsements. All right, talk to me about the book deal. How did the book deal come to fruition? Was it a publisher? Did you self-publish? Talk to me just a little bit about the business behind the book before we get into what the
Starting point is 00:31:13 book's about. Yeah, books as a business are interesting. You know, the traditional model of publishing is basically like a venture fund, actually. So the publishers spray out advances to go and acquire books. And then basically what they assume is that 90% of those will never earn out, meaning like the book will never return the advance in terms of the sales that makes. But a few of them will end up being the like atomic habits where they sell 10 million copies and make tons and tons and tons of money. So it's really like a venture fund for them. I sold the book in 2022, fall of 2022. I had the idea originally in fall of 2021, just over three years ago, wrote the proposal in 2022, had an agent, we went out and marketed it. It's similar to selling
Starting point is 00:31:58 your company, like you go out and have meetings, you pitch people on it, why you can sell it, why you are qualified to write this book. And then they all bid on it. And like it's like an auction process. And you could just choose the highest bidder or you can kind of pick on the basis of like where you felt they understood the vision most. But I ended up selling the U.S. part of the deal, which is North America rights to Penguin Random House. And then I did a separate deal in the UK, which is all international English, to Harper Collins. Very nice. I've never heard of that.
Starting point is 00:32:28 Yeah. You did two different publishers based on the... Two totally separate auctions. Yeah, you end up getting a... You end up getting significantly more money if you do two separate deals. You also get more attention from each. So I had like a really premium deal from a financial standpoint in both markets. At the time when I sold the book deal, I already had a pretty big newsletter audience.
Starting point is 00:32:49 Yeah. Which is a big lever that they think about when... You use that as a huge... analytical or huge tool i could project out the growth of it what it was going to be by the time i was selling the book and that people would buy it etc and you know what happens is like if you have one publisher that has all global rights sometimes you can kind of get lost in the mix and like the book might not get really premium retail wins in the UK even if it's doing really well here and as a result of doing the two separate like i've gotten a whole bunch of attention from both
Starting point is 00:33:16 and so you get you know like the book will be in a bunch of uh airports and uh and uh train stations all across the UK on launch here as well, like it'll be in Target and all these like airports and stuff. It's really, it's really cool in terms of optimizing around that. Yeah, it's really. So we've talked very openly about the book process through my books on this podcast and we've had other authors on. And then someone also that runs a right talent management company, we're seeing so many now creators and let's call them public figures that are doing books. But even in talking to book agents, you know, Courtney, a little shout out, Levine Greenberg-Rosen, they've done some big books, Chazelle's book, Don Brady's book. They're not seeing people that have social media
Starting point is 00:33:55 analytics actually be able to convert with book buying. So it's interesting to hear that with a newsletter and they can see the click-through rate that they're putting such a premium on that. So to hear that you're going to be in targets already and in airports is a huge indicator for what they believe is going to happen, which from everything I've seen is quite rare because of the venture model. Because 10 books, you put 10 deals on the table. table, nine of them flop. Gil, let me ask you this. Gil, you know, we'll play a little game here between it.
Starting point is 00:34:26 Advance over under 350K. Oh, over. Let's go. That's huge. Yeah, it was a seven-figure deal. Hell yeah. That is unbelievable. I mean, it was a great outcome.
Starting point is 00:34:37 It's also, look, it's, it also depends on the scope of the book. So, like, this is a very much a, like, broad, mass demographic idea. So it can appeal to, like, you could be 18 years old just graduating high school or a 90-year-old, and you'd read the book and find, value in it. And that was a big part of my pitch was like selling that idea that the demographic reach is huge where most books will have like a core, you know, demographic band that it appeals to. Like, you know, personal finance books. It's mainly a male buyer from like, you know, 25 to 45. And this will appeal to that person because there is stuff around financial wealth
Starting point is 00:35:12 building. But there's also, you know, things that will appeal to like a middle age woman or an old man or a young person. Like it's a little bit all over. And so that really helped. in terms of marketing it. Okay, based on everything I know about you, everything I've heard from you and hearing that, I am going to make the prediction that the five types of wealth is an instant New York Times bestseller. You got the right people behind you
Starting point is 00:35:32 and you obviously have the right credibility within what you're writing about. So let's quickly talk about that. We talked about time being an asset that's much more valuable than money, but there are four other types of wealth that you speak about in this book in depth. You have social, physical, mental.
Starting point is 00:35:49 We already talked about time and physical. So walk me through. If, you know, my listeners right now, there's a million people selling books. Tell them why. What do these five types of wealth mean to them? And if they pick up the book and read it, like what is the big differentiator in this book? Yeah. I think the most important thing that you need to know when you pick up the book is that it's structured very different from most, you know, self-improvement books or books in these categories, which is it has all of the kind of theory and ideas and storytelling. But then at the end of each section, one for each type of wealth, it actually has a guide that are filled with, you know, the proven science-backed
Starting point is 00:36:25 strategies for actually building that type of wealth into your life. So the whole idea is that you gather the information, but then you can very quickly actually go and act on that information right now. So to the point on building a little bit of momentum, you should be armed with the information and the action steps to go and create that momentum. We talked about time wealth. You know, time wealth starts with the awareness, the things we talked about. Time wealth is all about the freedom to choose. How you spend your time, who you spend it with, where you trade it for other things, and unlocking that in your life, and the strategies for doing that are essential to building a wealthy life. Everyone thinks that money buys freedom, but that's not really true.
Starting point is 00:37:04 I have plenty of friends who make tons and tons of money and have no freedom because they're trapped on a treadmill. They're not actually able to leverage their money and design their life in a way that is conducive to the freedom that they thought it would buy. So doing that, that along the way is really important. The time wealth section will help with that. Social wealth, this is all about your relationships, the people in your life, and how to go and build strong bonds with people across the different seasons of your life. Social wealth is so important because there is clear scientific evidence that the people you surround yourself with determine your outcomes. The pygmalion effect is this psychological and behavioral phenomenon that shows that we
Starting point is 00:37:45 actually rise to the level of expectations that others have for us. So if you surround yourself with people who believe you are capable of more, who encourage you to think bigger, who push you to grow, you will actually rise to the level of those expectations. So what better reason to choose wisely in terms of who you have in that circle? Mental wealth is all about purpose. It's all about growth. It's about being able to create space in your life to actually zoom out and think about some of the bigger picture questions. That could come from religion, could come from spirituality, it could come from meditation. But the important point is that you are able to see yourself as kind of the hero and your own hero's journey. You're able to engage with that purpose on a daily
Starting point is 00:38:26 basis, connect to it in some way. Physical wealth, your health and vitality. You're a young, fit guy, like being able to invest on a daily basis in the controllables, to continue to fight against that natural decay and atrophy that you're going to experience. And the strategies for for actually doing that. And, you know, Andrew Huberman on the back cover of the book, like, that was a big reason why I was working with him and others on actually creating some of these strategies and the plans that are involved in the book. Really, really important. And then financial wealth, the one thing that I'll say here is the nuance to how I think about financial wealth is that it is grounded around this concept of identifying what your
Starting point is 00:39:03 enough life looks like. The idea of what your version of enough really is. Because in the absence of an understanding of what enough is, you just keep chasing more for the sake of more. And that chase is what leads people off the cliff. It's what leads people into that rich yet miserable existence that we've seen so many people we know fall into. So many. I mean, unbelievable topics to cover. They're all pertinent to just living a healthy and happy life. But with that last topic, I do think that's one that connects a lot to our audience, the idea of when is enough enough. Give us a little bit more. Pull it back for us. So what are some things you would prescribe for people that are trying to figure out what enough is to them.
Starting point is 00:39:43 Yeah. One of my favorite stories is story of the fishermen and the investment banker. Have you ever heard that? I talk about it in the book. And the whole idea is like this banker comes down and prescribes this whole set of actions to this fisherman who is already living his version of enough. He's living his beautiful life. And the point with the idea of enough is it is unique to you. So it's not about me telling you, hey, you have enough. It's not about anyone telling you that. It's about you deciding what that looks like. What most people do is they set it as a number.
Starting point is 00:40:16 They say like, oh, $10 million. Okay, that's enough for me. But they have no idea what that means. Like, what that life actually looks like. I think about when I was starting out, I had no idea what does my life look like if I have $10 million. I don't know. I don't have it clearly in mind.
Starting point is 00:40:31 It's much more effective if you actually visualize what the life looks like when you have enough. Where are you? where are you living? Do you have multiple houses? Do you, you know, what kind of car are you driving? Why do you care about these things? Are you married? Do you have children? You know, are you able to go on vacations? Like, what does the actual life look like in truly visualizing that? And the reason that's important is because then as you get close to that life and as you start building and you were close to being there, any upward movement of it starts to be more of a rational conscious movement versus an irrational subconscious one.
Starting point is 00:41:08 Numbers are prone to the irrational subconscious. You get to $10 million, and now you're like, oh, I really could use $30.30 seems nice. Because you start hanging out with people that have $30. You start just doing it naturally in your brain. That's how you got there, right? Exactly. Surrounding yourself by people.
Starting point is 00:41:22 And if you do, so the one last thing I'll say to that is there's nothing wrong with chasing more as long as it's grounded in something more important than just money. The people that have made the most money in the world, all of the billionaires you read about. They were not doing it because of the money. The money was a byproduct of the fact that they really cared about the purpose
Starting point is 00:41:42 that they were trying to create. Elon Musk has not made a trillion dollars by trying to make more money. He's made a trillion dollars because he's trying to create a post-earth society and he's building a whole lot of companies that have a lot of value as a result. And he's capturing a portion of the value.
Starting point is 00:41:57 And so I think that gets lost in discussions around money and I talk about it in the book that the only way to make money is to create an immense amount of value for others. You create value, and then you receive value in return. And that with young people in particular, gets lost in the mix. All you have to think about is identify a problem, create a solution, and then scale that
Starting point is 00:42:19 solution. The more scalable the solution, the more money you'll make. Right. All right. There you guys have right there. There's a 101. You don't even have to go to college and take out $50,000 a year. Probably wouldn't save money.
Starting point is 00:42:28 You would save a lot there. All right. All of these types of wealth are critical, right? time, social, mental, physical, and financial. The question I got for you is the intertwining of all of them, right? So we know that, you know, I wrote a book about love and money. We know that if you want to stay physically in shape, that is going to take time away from what could also be your social wealth, which is relationships. So when these things all intertwine, how do you actually manage them for the best case scenario of your wealth? Like, I mean, just a basic example is
Starting point is 00:43:02 the many complications of love and money, but also within your book, you have time, mental and physical wealth. How do you manage the intertwining worlds of all of these? It's a perfect question. The concept that I raise in the book is this idea that your life has seasons. And what you focus on or prioritize during any one season can and will change. So you will have seasons when you are focused on building financial wealth, when it is the priority, especially in your 20s and early 30s, great time to be focused on that. You will have seasons when social wealth becomes a priority. You have young kids. You're building your relationships doing that. You may have seasons when you're refocused on finding your purpose, on engaging in your health, all of these different things.
Starting point is 00:43:45 The important point is that in any one season, you may be focused on one thing, but you don't want to turn off the other things. So I may in my 20s be really prioritizing building financial wealth. I cannot have everything else switched off in my life. True. Because it becomes very, very difficult to turn things back on. As you get older, if you've allowed your physical health to completely atrophy for the first 50 years of your life, it is very difficult to turn it back on. So I talk about these ideas as existing on a dimmer switch. Just because financial wealth is turned all the way up doesn't mean you flip off the
Starting point is 00:44:21 others. They just need to be low on the dimmer switch with the idea being what we said before, which is anything above zero compounds positively. So while you're prioritizing one, you're still allowing. allowing others to stack wins, even if they're smaller. I like it. So keep them, don't turn any of them off. Keep them dim.
Starting point is 00:44:38 Figure out what your priority is, but focus on all of them. I like that. One thing I got to get from you before we wrap is, you know, I talk a lot about sleep here. And I know you did three habits, three nighttime habits, one of your reels that popped off. And then as you were describing the book, I just turned to one page. It's chapter 25, the physical wealth guide. It has precisely what you said about like the actual rules for sleep in recovery. So talk to me a little bit about your three nighttime, nighttime habits and any type of sleep
Starting point is 00:45:07 recommendations you have for us. Yeah. There's a few because I have been a bad sleeper for most of my life and these few simple changes really changed my life. So the first one is before you go to bed, write down the two to three top priority items for the next morning. Okay. The reason that's super helpful is because you close these open loops that are sitting out in your mind. So if you go to bed without having prepped for the next morning, your morning is definitely going to be less productive because you have friction in the morning. But also, you have these open loops floating around in your brain. Closing those by writing down the priority for the next day. Step one. Step two, do what I call my one-one-one method, which is you take a Blake piece of paper, sit down and
Starting point is 00:45:50 write one win from the day, something that went well, one point of stress or anxiety, something you want to get off your brain and onto the paper, and then one point of gratitude, something you felt grateful for during the day. Science-backed. proven to improve your sleep quality at night when you do a little bit of journaling before bed. Takes three minutes super easy. Last one is when you're in bed, if you're struggling to fall asleep, do the 478 breathing method. You breathe in for a four count through your nose, hold it for a seven count, and then breathe out through your mouth for an eight count. If you do that three to five times, I guarantee you will feel calm and go to sleep. Okay, that's great
Starting point is 00:46:27 advice. I got two more for you. I practice all those. I go to sleep and then figure out my financial wealth. I figure out my physical wealth, mental wealth and time wealth, we're good. Social wealth. Now, someone like me, one of the issues I've had in previous relationships is I work too much, right? So I'm working, I'm working and then I will set time aside for like date night. But then let's just say like it was the morning and they're like, hey, let's go do this from one to four. I'm like, I can. I have to do this, this and this. And I often struggle thinking about the things you're talking about, like managing your time. that's more important or the relationship side of thing or maybe my mental health would be better
Starting point is 00:47:06 if I took that time, but my financial health would hurt. For people that are parents, for people that are in relationships, struggling to find that balance, for people that their kids are saying, why couldn't you come to my game? What type of advice do you have for them in managing all that? Because that's a tough one, the work-life balance. Yeah, very difficult. Look, there's a couple things. When it comes to relationships, there's an idea in the book that I love called doing a life dinner. So once a month, you set a fixed date with your partner where you have a life dinner, which is the idea that you go out for a date, it could be dinner, it could be coffee, whatever it is. And you have a plan to actually talk through some of the bigger picture
Starting point is 00:47:48 things in your life. Each person sort of has an opportunity to talk about goals, challenges, things that are stressing them out, things that are going well, not going well. And then, you kind of come together and talk about how you're going to solve some of those problems. It creates like a very casual but important cadence for actually checking in on some of the bigger picture things in your relationship and in your life, particularly after you have kids, highly, highly impactful because all of a sudden you lose the natural cadence of just interacting with the person because there's a child that you're trying to take care of and that has drawn both of your attention. So life dinner has been a life changer for my wife and I post our son
Starting point is 00:48:27 being born. When it comes to balancing time with children, I think the most important thing is making sure that your kids know the why behind why you are doing the things you are doing professionally. If you don't tell your kids why you are traveling, why you're working hard on things, why you're gone, they fill it with the worst, which is dad just doesn't want to be around. Dad doesn't care about me. And that's not true. You are actually grounded in something that matters to you. When you're working hard, it's because you are believing in something. you're trying to build something, you are doing something that you think is important, or maybe you're providing for the family, and that's important to you.
Starting point is 00:49:03 Your kids need to know that because they need to understand what the actual why is, not the bad version that they're going to naturally create. And then the last thing with that is, like, presence is really important. But also, your kids seeing you work hard on things you care about is a critical lesson that they will carry with them for the rest of their lives. So while I agree that you need to be present as much as possible and give them your energy. It's also really important that they learn that hard work matters and that working on things you care about is something that they need to hold with them for their life. I like it. A life
Starting point is 00:49:38 dinner and then showing through example. And I think the biggest thing that everyone can take away is the why, like just explaining the why. So I can't make it to one to four. Here's why I can't, but here's where I can show up. Highly effective with a partner too. Making sure they know the why. I'm taking notes over here. I am taking notes. All right, the last thing, full circle. I brought up the help hug or herd model and the transition talking about private equity. I want to bring it back to actually what it is. My listeners are like, what was he talking about? So talk to me about what the help hug or herd model is. So when someone you love comes to you with a problem, you ask, do you want to be helped, heard, or hugged? Basically, helped is actually helping them
Starting point is 00:50:16 solve the problem. Deconstruct and then give advice. That's what I always do. Yes. I'm the I am a fixer. So like, you know, that is my natural disposition is to try to try to fix the problem. Unfortunately, that's not always what the other person wants, and I have found that the hard way, too many times in my love life with my wife, that oftentimes she wanted either to be heard or hugged, heard being just listen and allow the person to vent and hugged being provide comforting touch. Asking the person is a great way to make sure that you meet them where they actually need you to be in that moment. Not where you want to be, not where your natural disposition leads you to be, but where they need you to be in that. relationship leads to dramatically improved, improved relationships romantically or with friends. And after you've done it a few times, actually asking, you'll have a natural pattern in your mind where you'll know, okay, the person is venting. They just want me to listen. Or they
Starting point is 00:51:10 actually do want a solution. Maybe I should try to understand it and help them. It is a truly simple and transformative exercise. And it's a way for everyone to feel heard. Like it's just genius or helped or hunt. Yes. I love it. I love it. Well, So, Hill, this was unbelievable. It's so interesting to hear about what you've done, how you've done it. And from Stanford to the private equity world to your new book, the five types of wealth. For everyone listening right now, we are going to give five copies away. All you got to do is just go give us a review your biggest takeaway and put in your
Starting point is 00:51:44 Instagram handle in our reviews. And you will be entered to win one of these five copies that we have. But we've got to end with a trading secret. So what is one trading secret that you could give us that our listeners can't learn from a professor, although you did drop some professor nuggets. They can't learn through an Instagram, TikTok tutorial, or even a tweet that can only learn through your life experiences. So it is one special trading secret. Define what matters to you in your own life. Stop accepting the defaults of what other people tell you you should care about. Really think about what you care
Starting point is 00:52:17 about, what your true north is in your own life. Reject those defaults and then start taking action to build your life around those things i like it i like it to find it for yourself and my takeaway is it this bring this episode brought me back to the rob dear deck episode a little bit where he was optimizing all of his businesses and he's like i want to optimize my life and i there are so many hidden gems throughout that episode that people from three years ago still will DM me about and i think that is what you're on to with this book and what you're doing a transformative guide to designing your dream. It's been an honor to have you on and finally get to meet you. So Sahil, where can everyone find everything you have going on? Well, you can find the book anywhere
Starting point is 00:53:00 books are sold. More information at the Five Types of Wealth.com. And then I'm at Sahel Bloom on every major platform. Sahel, thank you so much for being on this episode, Treg Secrets. It was an honor to have you on. And thank you for being on this episode of Treg Secrets. Thank you. Ding, ding! Ding! We are ringing in the closing bell with the Sahil episode. Mr. New York Times bestseller week after week after week in this self-improvement category, which is a very, very hard place to be and continue to succeed. Exciting, exciting stuff. David, I'm curious, though, the curious Canadians here, some of this self-improvement self-help stuff, usually you kind of can bat a little bit. So I'm
Starting point is 00:53:43 curious, what you think of this episode, takeaways, things you'll use, things you won't use, things you want to debate with me. What do we got? Yeah, that's a great way of putting it. And, you know, The Curious Canadian has someone, our Boyce Hill, has the Curiosity Chronicle. So right away, I'm feeling like there's a little bit of a connection there. And there definitely were some things that I think resonate with my life that I related to. And there's definitely some things that I won't be trying if you paid me money. And we will get to some of those things throughout this recap.
Starting point is 00:54:16 So hopefully we keep the role going of what I think have been some of the more entertaining and hopefully informative recaps as we talk through the safe space here of our opinions of things that got brought up on this podcast. So yeah, I'm ready for it, Jay. I'm ready for it. It's a safe space. So, David, I'm going to just let you open it up. What was your biggest takeaway? Well, my biggest takeaway was overall something that I've said on this podcast before on the recap was someone who doesn't have a lot of money. I've always thought of different priorities in my life that make me happy. And so I loved the theme of that.
Starting point is 00:54:54 And one of those themes is obviously time. And I've brought up on this podcast, it's my family lives 3,000 miles away in Vancouver, how I've made the realization that I am on the countdown of days to see them before they die. I know that I probably will only see my parents. If I see them twice a year, my parents are 67, we're talking 30 more times before they die.
Starting point is 00:55:18 So to hear him say that, him say it and relate it into terms and ways that he can relate to other things in his life to and become, like you talked about finding and measuring his own bar of success. It made me feel good almost and less guilty that I have made that realization to know that there's ways to kind of cope and work around that and measure that and process that. And just knowing it is really important. So I felt good hearing him say something that I've already projected. to you on this podcast and dollars on this podcast.
Starting point is 00:55:52 So that was, you know, the whole notion of wealth and time for me was my biggest takeaway. What about you? Yeah, I mean, the billionaire in seconds is incredible. And the fact that time is your most precious asset's big. And then in his book, like the line he throws out there, 95% of your time that you'll spend with your children is gone. 95% of the time that you spend with your children is gone by the time they turn 18. the amount of time that we have with the people we love most is far more finite than we ever care
Starting point is 00:56:23 to admit. Now, is that the case for every single person? Of course not, but that's the averages and that's the law of the averages, which I think is really, really important. You know, one thing, I don't know, there's a lot of really interesting things that he talks about as far as just complaining, being helped, being heard, or being hugged. And then I think, like one I know in his book, I'll say I literally like, most of your friends aren't really your friends. They're just along for the ride when it's fun, convenient, or valuable. Your friends are the ones who are there for you when it's none of those, when you have nothing to offer in return. Find them, cherish them, be one. Love that. Yeah, that's good. I like that a lot. And I also liked how he talked about
Starting point is 00:57:07 and it's a really simple realization, but he said the only way to make money is to provide value. I think sometimes like we, or maybe I, I don't even realize that. But when you really think about how to make money, you do have to provide value for something, for someone, like you said, find a problem and create a solution. I thought that that was just a really kind of like the thing that he said that kind of stuck out to me. But overall, just the theme of, you know, you got your finger up. You got something you want to jump in with.
Starting point is 00:57:38 Let's hear it. Yeah. When you say provide value, I just saw something today. think it was poppy you know the drink poppy right yeah yeah they pitched on shark tank 10% equity interest for 400k and i believe they're now in the process of selling to pepsi co for 1.5 billion dollars they are all they're all over there in the influencer marketing game too like they they spend some money they know how to make a splash i'll tell you that i mean like i've done poppy deals i'm a big fan of the product um i wouldn't say that massive budgets is one of their
Starting point is 00:58:10 fortes. I think they're good at getting good value. I'll tell you that much, but I think they're very good at creating splash, and it's a great product. But I think when you talk about value, that think about that. Like, people are just chugging apple cider. Dude, I remember when we were the Batchel Mansion. I didn't even know what this was a thing, but all the guys were literally just chugging apple cider for like digestion. So they created value, created a product that's in like almost every household. And now they're selling for $1.5 billion. So you're right. Are there anything, though, in this episode going back to it, anything you didn't like? I know, I know, you're a little bit of a skeptic sometimes.
Starting point is 00:58:42 Any of these theories, models, or things that the curious Canadian is like, nah, it's not going to work. Yeah, a couple things, couple things, but nothing crazy. Disclaimer here, nothing crazy. There's just a couple, as you know, I'm a pretty, I'm not really literal guy. You tell me to do something literally, and I'm going to, you tell me to grasp a concept or do some deep thinking around something. I'm all good with that.
Starting point is 00:59:07 When he was talking about the one, one, one, one, method for journaling, the 478 breathing method, that's, he kind of lost me on those a little bit when I start counting my seconds and how I'm breathing in my, in bed. That, you just lost me a little bit there. Hang on, hang out. Everyone that's listening to this podcast, let's do a little exercise, okay? Maybe you're running, maybe you're hanging out. Maybe you're just doing it. We're doing a little exercise, okay? I want you to do this because I did this when I went on my little retreat. I want you to breathe in for four seconds. As a team, we're going to hold for seven
Starting point is 00:59:36 seconds and then we're going to breathe out for eight seconds and think about nothing but what we're doing in for four out for seven or in for four hold for seven out for it you ready let's yes there we go one two three go you don't feel good after that i i am a little annoyed i'm a little annoyed that i just had my blood pressure i feel so good right now i had more thought in that 19 seconds through my head than i have on a daily basis for sure maybe honestly probably more reasons that you need to breathe before. Oh, yeah. Oh, yeah. Oh, yeah. No. If I had to repeat that like three to five times, no. I'm ready to go and sleep. I'm done. Oh, my God. No, I will say the one, one, one, one
Starting point is 01:00:47 method for journaling is a little more my speed because I do think writing things down is really powerful. I just, if I'm going to write things down, I'm going to write things down that's going on in the big guy's head. I don't want to write things down that someone's telling me to write down. Okay. All right. What about, what about, about, I'll tell you, one I use all the time, David. I use, and I wish I heard this earlier in my life. I really do, especially, yeah, especially in relationships and stuff. Not that it would have changed anything of where I am doing, but I don't tell. Don't tell. Don't tell me it's the triple H. It's the triple age. Oh, God. Dude, I use it all of this. I use it every day. If you were on two X, if you're
Starting point is 01:01:30 on two XB listening to the podcast, the help, hug, hurt. method. Do you want to be help? Do you want to be hug? Or do you want to be hurt? If I said that to my wife, I think it would come off so condescending, I'd get slapped in the face. Well, I think the idea is like the H-H-H
Starting point is 01:01:47 is a, it's like a taggy, tricky gimmicky line to get people to buy into what the message is. And if some people that like the message will hold, like I'm going to say it, maybe I adjust it. But the idea is when someone is in pain
Starting point is 01:02:04 or they're feeling some type of emotion or they're reacting, the idea is that we automatically do naturally what we think that they need as opposed to asking them what they need, right? I am every single time someone comes to me with a problem historically. I'm a helper. I want to help. I want to give you the advice. I want to give you the solution.
Starting point is 01:02:26 Most of the time, people don't want that. Sometimes they just want to be, like, touched or appreciate her. When I say touch, I got like a significant other, a hug. right or they just want to be like don't say anything just sit here and be with me and hear me you know what i agree with that i do and i'm i'm actually going to change my my opinion a little bit on this topic because that's a really good example um you are very solution oriented sometimes and maybe sometimes they don't want solutions they just want someone to understand what they're going through so maybe that's a little more heard right instead of the help maybe for me and
Starting point is 01:02:59 you know what i i do i like that i think that that's important too and it also you know what it does it does it also sets expectations for you as a listener with the person telling you this stuff because how many times do we get in conversations and you're like what do you want me to do i don't know i can i can't you know what do you want me to do well i can do one of those three things maybe it's just the delivery of it maybe i'm just scared of the delivery of it sounding like condescending practice it with me like live right now no no no just at some point practicing Oh, yeah. You also are a big help guy.
Starting point is 01:03:35 Yes, I am a big help guy. But I'm also a big herd guy too. You're a big herd guy too. Maybe I need to work on the hug guy. Oh, God. But there are sometimes, you know, there's sometimes. And you are the very opposite of what I mentioned about one of those friends or what he says, most friends aren't your friends in reality.
Starting point is 01:03:56 You are the polar opposite of that. You are the one that's none of those. and when you have nothing to offer and return, find them, cherish them, be one. So you are that. But there are times, say, like in my, in my, let me finish my hardest points. In my hardest points, you were always there to hug, help, or heard. But there are a couple times you would like help. And I'd be like, okay, I don't want to know.
Starting point is 01:04:18 I don't want to hear that. I can't not yet. Give me a month and then say that. Just not right now. 100%. I'm Swiss Army knife. Whatever you need in those situations. Sometimes a little too sharp.
Starting point is 01:04:27 But no, that, that's great. thing that I did love that I do do that that my wife and I do um not as frequently as I would like he said once a month but life dinners um life dinners where you're going out for dinner and it's not necessarily a date night to talk about or feel you know those things it's a life dinner to talk about all the things that are so important of our foundation in our life that we just don't get to on a daily basis or in your routine so i'm all four life dinners and having like almost like not an agenda but things that are set to talk about in those life dinners um because you get a lot off your chest in those moments too because there's a lot of those built up big things that
Starting point is 01:05:13 you just what are you going to bring it up like that's not a good time to bring it up right when you walk through the door that's not good time when you're going to bring it up like right before when the kid's crying when you're when you're trying like so you got to have those times to do it and our life dinner my my last life dinner with ashley was the one where I told her how unhappy I was in my own life with my own decisions, which kickstarted the little comeback that I've been on. So that's, you know, those, those dinners definitely paid dividends for sure. Yeah, 100%.
Starting point is 01:05:46 I think we do those a lot as a friend group, too. We do. We do. Speaking of dinners, I think I need to go on more dates. Yeah. I need to go on more dates. You do, you know what I'm saying? Like, I'm out there, I'm out there going out.
Starting point is 01:05:58 You know, I have, you know, out in groups and different events, me, people, stuff like that, having fun, whatever. But, like, I'm not, I need to go on, like, more dates. Would you ever, like, you do need to go on more dates? Yeah, you do. You need to tell me about them, too, so I can help, so I can help, so I can help hug or heard what you need after your dates. I feel like we should catch up here. We should have a life dinner soon. Yeah, we should.
Starting point is 01:06:24 Now, question. Go ahead. question no you got are you uh are you not going on dates because you're trying to um are you confused about the demographic or type of person that you want to date are you like closing yourself off off from dating a public person because of your relationship are you date are you not dating within let's say bachelor nation because of past relationships are you trying to date on the download with someone that you meet organically? Are you only taking references? What, where are you, I can see, or your brain's turning? I don't even think you know, but I think you've
Starting point is 01:07:05 thought about all these things on a little bit of a basis. So I'm just, because maybe if you say you need to go more dates, it's because you don't know what pool you're dating in right now or you're self-restricting for some reasons. So, yeah, no, I think, I don't even think I need to answer the question because I think you answered the question. Nice. I don't know what, I don't think I know, like, what I'm dating in and I think I'm self restricting a little bit yeah yeah I am
Starting point is 01:07:32 nice I think that that stems from you know should we should have a segment on the show where I just throw out like a person we just throw it out there and then it's like oh I and then you'll be like yeah I know I would and then and then we tag that person and then that person's like hey like too I'm dying to know like who would you throw out
Starting point is 01:07:54 I'm dying to know I'm dying to know who you would throw out I might probably I'll probably just say plead the fifth but I mean you posted the picture yeah the fifth okay okay I mean not plead the fifth but yeah like come out yeah
Starting point is 01:08:13 what are we doing here you're just trying to mix it all up here I hate I'm not trying to mix it all up here I'm just trying to find a nice girl for you nice of you that's all I'm trying to do here but we could be a segment we'll find one could be a segment
Starting point is 01:08:30 we'll try it could be a segment another segment yeah our guest brought up spoke about he has six key lessons one that is very connected to me right now David alone time is abundant love yourself
Starting point is 01:08:47 yes that's one of his six key lessons and I think that is a really important one I think you really do have to love yourself and if you're not loving yourself you have to understand why and continue to work on that and that's another thing i love about what he says and is this cliche to say that isn't loving yourself the best oh yeah like it is so much greater than than like tearing yourself down well yeah you want to know what's like the worst is not loving yourself oh i think we all like we can all connect to that some capacity like not when when you're not proud or you're barrists maybe ashamed
Starting point is 01:09:26 or you know anxious driven whatever it might be like that uh that's a real shitty feeling it's almost like a coping mechanism that you're having with like your subconscious of like beating yourself up and it's making like you justify it and feel better like when you're in those like snowball moments of like not loving yourself but breaking through that and like having a little pride and like skipping your step and like being happy with your choices on a day-to-day basis it's the best and on top of and on top of the six habits you talked about six endorsements he had on his book yeah i didn't know a single one of those names that you threw out there so you're your kid well i think the other thing too i think he said which i really liked uh in his book he's talked about
Starting point is 01:10:13 the most dangerous person in the world it's the person that shows up every day even when the rewards are uncertain it's the one who can tolerate the most uncertainty that's the one who eventually win i do think that like as much as you're like it's like the rocky quote man i've even said in a couple podcasts lately how many times can you just get smacked in the face and just keep moving forward because that's the ultimate test how easy is it to quit when you're just beat to shit or just stop or be like i can't do it i can't compete i don't have it anymore i don't this or that or whatever it is i'm different this or different that it's a different that it's like there's so much truth to that so much truth to that i'll get to your six people but do you
Starting point is 01:10:52 have any comment on that yeah i mean a hundred percent i mean resilience and adversity is the key to life every podcast person that we've had on they're they're obviously on our podcast because they've become famous or successful in a certain route and that route was never the first thing that they tried barbara corker and perfect example of that look at my team we just got the shit kicked out of us in the state championship tournament we're still going to nationals what would be not going to try nationals because we got the doors blowing off us tonight no we're going to we're going to go after it so and that's it and that's part of the journey that that we're that we're all on for ourselves so I'm going to load it I love it all right let's let's kind of conclude with this you
Starting point is 01:11:30 you you didn't know one of the six people that endorse this book I refused to believe that it's in my notes endorsements on this book didn't know a single one LOL oh my god all right um i don't know what to make of that yeah no it's just that's why i'm here i'm just you know i'm just here to admit things that maybe people might be embarrassed about if they're listening and you didn't know them too that's that's why we're soul sisters and sole brothers and sole people on here is because you know we don't oh teddy yeah teddy what's teddy have to. He just said, what's up? Dude, you really, like,
Starting point is 01:12:11 the CEO of Apple? No. When Steve Jobs die. Yeah. No, no. Steve Jobs dead. You knew that. Yeah, I knew that, but that's Apple died when Steve Jobs died for me.
Starting point is 01:12:22 I had a buddy this fast week that he was talking to someone and he thought that, he thought that David Bowie was the DJ. And he's like, it's crazy. Like, David Bowie was DJing. and the person played along with it forever and made him feel super stupid
Starting point is 01:12:42 that was like, hey, you know, David Bowie's dead, right? Wait, you don't know who Mel Robbins is? Mel Robbins? Tony Robbins is the only Robbins that I know. Oh, God. Let them, the let them theory, Mel Robbins. I've heard you. I've heard you know Gary V.
Starting point is 01:13:00 I know Gary Vee. Yeah, you didn't say him on the pod, though. He's a pod guy. Okay. He like put this. um bill acman is a big billionaire hedge fund who's uh just like probably one of the most successful investors of our time i would have said he's an actor sounds like dan acroyd bill acman okay all right yeah we'll keep we'll keep this uh kind of going stay hot stay hot david stay hot stay hot stay
Starting point is 01:13:29 stay hot do your thing all right um anything else before we wrap there mr david no i mean you're you're back in Nashville after RV life. Oh, man. Yeah. I mean, I'm just a follower. I've just following you and John on the RV journey. It looks.
Starting point is 01:13:46 What do you think of it? I mean, I'm a little jealous. Yeah. Yeah. I think you'd fit it. Guys, can you give us five stars and let us know what you thought of the RV content this
Starting point is 01:13:56 weekend? I'd love to know. Yeah, it just is so me. It's a lot of, it's a lot of the things in this podcast. It's, there's a lot of time,
Starting point is 01:14:05 social, health, wealth going in to this, to that RV and I, I want in. Like, I think the takes you would give me on that, like, if I was on social and pulled it up, your takes would be great. Oh, I would be. I also think, like, John's so easygoing and so am I. I feel like you and I after three days on that RV would kill each other. Like, too easygoing.
Starting point is 01:14:27 Like, John's probably too easygoing. You need a little, like, no, no, no, it's perfect. Because, like, we just like, saw, like, we don't get, we don't ever get in flights or anything. You and I would get so many fights. Yeah, no, we wouldn't get fights. We'd have to ask each other if you want to be a helped hurt or that's for sure. We'll call the Triple H plus. The Triple H Fest.
Starting point is 01:14:47 All right, David, anything else for a wrap? No, I'm good. I'm good. This is making, this recap has been making, this makes me feel a little bit better for my mood today. So I appreciate that. Appreciate it bringing a light to my life. I love being a light in your life. You are a light in my life.
Starting point is 01:15:02 And hopefully the people listening out there, we are somewhat of a light. in your life and so hell you are a light in all of our lives so guys go check out his book uh david i do like this theme um i don't think we started today but you know i think at random maybe you pick some of you think i should go on the date with okay at random love just like you know um maybe you throw five names in a hat and then we just at random pick one out so there's a little randomization to it and who knows maybe we'll do a little mini bachelor series on the podcast yeah now we're talking now we're see now we're workshopping some ideas yeah i'll say this i'll end with this i do think one of the reasons that i've like kind of slow like have been
Starting point is 01:15:47 restricted on going out on like actual these like formal dates is because i i really need to figure out where i'm going to live like i still don't know good call and that decision's coming and it's coming very soon but like to have your man the importance of being grounded with uh where you are is there and i haven't figured that out but it's coming on that note Teddy myself are doing well you and the family are doing well
Starting point is 01:16:13 and thank you for tuning into another episode of trading secrets one you couldn't afford to mess making that money money pain on me making that money living that money
Starting point is 01:16:27 living that dream making that money money money pay on me Living the dream

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