The 5 Types of Wealth

“It’s the light a dying woman sees as she realizes her kids are the only people who remember the late nights she put in at the office.” (p. 28)

Welcome to my The 5 Types of Wealth book summary!

One-Sentence-Summary: A unique way of refocusing your goals and measuring life’s wealth in five dimensions: time, social, mental, physical, and financial.

I paused my reading of The 5 Types of Wealth by Sahil Bloom. Current page: 194

booboo real-time book rating: ★★★☆☆ (percentage of books with this rating: 24%)

“‘Never fear sadness, as it tends to sit right next to love.'” (p. 18)

As I read the book, you will find my in-progress The 5 Types of Wealth review and book summary notes below.

Overall Review of 5 Types of Wealth

I LOVE the idea, but the book is for one type of person. Bill Ackman, the famous billionaire investor, recommended this book to me through his X post, “I have recommended only one book..I am recommending a second one, which is as well written and important, The 5 Types of Wealth”.

Who is the book for? Successful and married people with traditional jobs who feel like they’ve given too much time to their business for at least a couple of decades.

That’s not me, and so I did not connect with the book. The author often references his relationships with his parents and siblings, his child and wife, and his work. Doesn’t spend enough time with his parents, wants to spend more time with his wife and child, wants to spend less time at his work. His net worth is estimated at $10,000,000. My net worth is $3,500,000. Guess when I started to value time above all else? The exact moment I became a multimillionaire.

This blog will contain both my summary and review of the book The 5 Types of Wealth.

The Five Types of Wealth Test

If you read The 5 Types of Wealth by Sahil Bloom, I suggest you take the 25-question quiz at the beginning and only read the introduction and the relevant section related to your lower score.

Here are my scores:

Time – 20

Social – 11

Mental – 16

Health – 19

Financial – 20

I read the introduction, “Designing Your Dream Life”, “Time Wealth”, and “Social Wealth” and didn’t receive enough insight to continue. The thing is, I didn’t slave away in the office for decades. I’ve always taken care of myself physically. Because I’m rich, I can now place extreme value on my time. And, I already know that I’m lacking in the social measure.

Unfortunately, it’s similar to Mark Manson’s content, where he rejects everything that made him successful. Look at me, I’m successful, but don’t do as I did to become successful. How can one reject what they did to become successful if they’re happy with their current position?

The author provides a way to quickly eliminate stress.

1. Inhale through your nose twice, once slowly, then once quickly
2. Long exhale through your mouth
3. Repeat two to three times

About the Author: Sahil Bloom

The author of The 5 Types of Wealth is highly intelligent. Sahil Bloom has an IQ of 140 based on my own IQ measurement. For this reason, even though I didn’t get much value out of the book, I kept reading some portions to absorb some of his thought process, understanding what he’s thinking about and how, and to read about the new concepts presented throughout the book.

“The fight against normalcy is the most important fight of your life. To maintain your uniqueness, to live on your terms in a world that pulls you to blend in, is the only way to realize your full potential and live a fulfilled, texture-rich existence.” (p. 214)

Advice on Public Speaking

“One other weird trick for a big speech: Practice once while briskly walking or lightly jogging. I have found that it effectively simulates the heart rate increase you might experience when you take the stage.” (p. 191)

“Lesson: Find a simple way to cut the tension early and get people on your side.” (p. 193) He came out to the song Girls on Fire and mentioned why he chose it – becuase then his baby girl may want to watch.

I once saw a comedy show, and the guy turned around on stage to acknowledge his bald spot. If you spill something on your shirt, acknowledge it immediately and make fun of yourself. In October, I will speak at ExpoHost in Medellin, Colombia…in Spanish…and so I will recognize my strange Gringo accent up front and tell everyone where I’m from.

“Pro tip: Use big, bold, body-opening gestures early in the talk. I have found that doing so builds confidence and momentum..” (p. 194)

You are reading my book review and summary by Sahil Bloom. Be sure to check out my digital bookshelf for 100+ book summaries.

Powerful Quotes

“Occam’s razor, named for fourteenth-century philosopher William of Occam, states that when weighing explanations for something, the one with the fewest necessary assumptions is generally the correct one. The simplest explanation is the best one.” (p. 35) This has applications for investing. I try to only invest in existing Airbnbs because it reduces the amount of assumptions I need to make. This is important because while investing there are already too many assumptions that need to be made.

“Hanlon’s razor, a tongue-in-cheek adage stating that one must never attribute to malice that which is adequately explained by stupidity. It’s best applied to politics, relationships, and general online discourse.” (p. 35)

“Focused, concentrated attention is significantly more powerful than scattered, unconcentrated attention.” (p. 81)

“Neuroplasticity suggests that experiences can fundamentally alter the structure and function of your brain.” (p. 229) Big for behavioral changes you want to make.

“You know how important your time is, yet you ignore its passage and engage in low-value activities that pull you away from the things that really matter.” (p. 79)

“‘Regret from inaction is always more painful than regret from action.'” (p. 18) Recommended Reading: To Overcome Approach Anxiety, Channel It

Did you know I’m an author? I wrote four books on real estate investing, travel, and language learning.

New Words!

Dote (v.) – be extremely and uncritically fond of; is always followed by the word ‘on’ (ie She dotes on her children too much.)

Phyyhic Victory (n. phrase) – winning the battle but losing the war (ie the costs of the win were not worth it in the long-term)

Thanks for visiting and thanks to Sahil Bloom for writing The 5 Types of Wealth!

Date Started: Saturday, February 22, 2025

Date Finished: Monday, March 7, 2025