Five types of wealth
In Rangan Chatterjee’s podcast, Feel Better, Live More he interviewed Sahil Bloom ahead of the release of his new book. It’s a fascinating conversation about the way society measures success, predominantly focussing on financial wealth. He suggests this is too narrow and in his book, Sahil Bloom explores the concept of wealth beyond just financial gain. He introduces the idea that true wealth encompasses five key areas that contribute to a fulfilling and successful life. These five types of wealth are:
Financial Wealth: This refers to the traditional understanding of wealth, which involves accumulating money, investments, and assets that provide financial freedom and security.
Social Wealth: This type emphasizes the importance of relationships and connections. It highlights how building meaningful relationships with family, friends, mentors, and communities creates a sense of belonging and support.
Intellectual Wealth: Bloom stresses the value of knowledge and continuous learning. Intellectual wealth is about acquiring wisdom, developing critical thinking, and cultivating skills that contribute to personal and professional growth.
Physical Wealth: This type focuses on maintaining a healthy body and mind. Physical wealth emphasizes the importance of fitness, mental health, and overall well-being as a foundation for achieving success in other areas of life.
Time Wealth: Time is perhaps the most precious resource, and time wealth is about having control over how one spends their time. This includes creating freedom to pursue passions, leisure, and other pursuits that contribute to a fulfilling life. Bloom argues that achieving balance across these five types of wealth leads to a more complete and enriching life, where success is measured not only by financial success but by overall well-being and personal growth.
Listen to the podcast here:-
Buy the book here:-