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Afford Anything

Sahil Bloom: Which of the Five Wealth Types Are You Neglecting?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 21 February 2025

⏱️ 85 minutes

🧾️ Download transcript

Summary

#584: Think about how you spend an average day. Would the 10-year-old version of yourself be impressed? What about the 90-year-old version? These two powerful questions frame our conversation with Sahil Bloom, founder and managing partner of an early-stage venture fund with investments in over 60 startups and author of The Curiosity Chronicle, a newsletter that reaches more than a million readers worldwide. Sahil shares the story of his own wake-up call. While living in California and earning massive money as a venture inventor, he had a drink with an old friend who asked how often he saw his parents. When Sahil answered "about once a year," his friend asked how old they were. Learning they were in their mid-60s, his friend calculated: "So you're going to see your parents 15 more times before they die," assuming they'd live to about 80. That gut-punch realization led to massive change. Within 45 days, Sahil had left his job, sold his house, and moved across the country to be closer to family. This shift represents the core of Sahil's philosophy about the five types of wealth: 1. Time wealth: Control over your calendar and priorities 2. Social wealth: Deep, meaningful connections with others 3. Mental wealth: Curiosity, purpose, and personal growth 4. Physical wealth: Health and vitality 5. Financial wealth: Traditional money and assets Most of us focus exclusively on financial wealth because it's easily measurable. But Sahil argues that true wealth encompasses all five domains, and we should intentionally invest in each one. Sahil shares practical exercises for building each type of wealth: - For time wealth, create an "energy calendar" by tracking which activities energize versus drain you - For social wealth, map your relationships based on how healthy and frequent they are - For purpose, ask yourself what your world (family, community, etc.) needs from you - For physical wealth, focus on movement, nutrition, and recovery through simple practices - For financial wealth, clearly define what "enough" looks like for you These five domains aren't meant to be balanced perfectly every day. Instead, Sahil suggests thinking in seasons — some periods might emphasize financial growth while others prioritize family time. Sahil also discusses powerful concepts like goals versus anti-goals (what you're unwilling to sacrifice to reach your goals) and "Memento Mori" — the ancient Roman practice of remembering one's mortality to inspire present action. The conversation ends with a reminder that "your life has seasons" just like the weather — you don't expect to experience all four seasons in a single day, so don't expect perfect balance in every area of life simultaneously. For more from Sahil Bloom, find him on major social platforms or visit fivetypesofwealth.com. Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. # Episode Timestamps (0:00) Would your 10-year-old self be impressed with your life? (1:46) Sahil's wake-up call: seeing parents only 15 more times before they die (4:19) The Tail End: visualizing how few books and moments remain in life (6:56) Small changes that dramatically increase time with loved ones (13:26) The tension between ambition and presence; why "later" becomes "never" (17:42) Why we measure financial wealth but not other forms of wealth (19:47) The five types of wealth: financial, time, social, mental, physical (30:09) Creating an "energy calendar" to track what energizes vs drains you (38:09) Relationship mapping: evaluating connections by health and frequency (42:33) Goals vs anti-goals: what you're unwilling to sacrifice for success (51:17) Why your purpose doesn't need to be your work (54:46) The 30-day health challenge: movement, nutrition, recovery (57:05) Vonnegut and Heller on having "enough" vs wanting more Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Think about how you spend an average day. Would the 10-year-old version of yourself be impressed?

0:05.6

And would the 90-year-old version of yourself be jealous? To answer those questions and to give us

0:11.9

that wide-lens view on not just our lives, but on five types of wealth, we are joined today

0:19.4

by investor and entrepreneur Sahil Bloom. Sahil is the founder

0:24.5

and managing partner of an early stage venture fund that invests in over 60 startups. His newsletter,

0:30.5

The Curiosity Chronicle, is read by more than one million people. And he shares with us today

0:36.2

how he optimizes not just for financial wealth, but for

0:40.8

wealth across a variety of domains. Welcome to the Afford Anything podcast, the show that

0:46.8

understands you can afford anything but not everything. Every choice carries a tradeoff.

0:51.6

And that applies not just to your money, but to your time, focus, and energy.

0:55.3

This show covers five pillars. Financial psychology, increasing your income, investing, real estate, and entrepreneurship. It's double-eye fire.

1:03.9

Today's episode takes a wide lens view of that letter F, financial psychology, by expanding our definition of wealth.

1:12.7

I'm your host, Paula Pant, I trained in economic reporting at Columbia, and I help you understand

1:16.7

money so you can build all types of wealth. Let's welcome Sahil to the show.

1:22.4

Thank you so much for having me. I'm thrilled to be here.

1:24.5

Oh, well, thank you for being here. But speaking of being places,

1:28.1

Seheal, how often do you see your parents? It's a great opening question. I see my parents several

1:33.7

times a month now. Oh, that is a major change because there was once a time when you thought you

1:39.9

would only see them probably 15 times in total before they pass away. Tell us about that. Yeah.

1:47.5

The real turning point, the inflection point in my life was a single conversation that I had

1:52.9

with an old friend. I was living in California at the time. My wife and I were there, my family,

1:58.5

and I had grown up on the East Coast out here in the New York, Boston area. And I was seeing my parents about once a year. COVID had happened. Life had happened. We had built our whole life out on the West Coast. I had taken a job there. I was chasing financial success. I was chasing career success. All of these things that we're told were supposed to chase. And along the way,

...

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