Member Reviews

I didn't love this like I thought I would. the book didn't make me feel like I was learning everything. It more just went over how we as humans need to have balance across all aspects of our life, and how physical health is a form of being "wealthy." It just wasn't very deep and I don't feel like I came away with anything new.

Was this review helpful?

I follow Sahil on twitter and have enjoyed some of his posts. Naturally I was interested in this book. Words of wisdom about the different types of wealth and what to focus on in which stage of life. Liek anti-library, you are introduced to anti-goals. Some of it will be new and some of it will be familair, but its all worth repeating, knowing and remembering to cherish family and self.

Was this review helpful?

The 5 Types of Wealth is the best book that I have read in 2024! This is not another self help book. This is a how to guide for looking at Time Wealth, Social Wealth, Mental Wealth, Physical Wealth, and Financial Wealth and how to analyze and improve all aspects of life. Each section helps to measure your wealth and then give meaningful steps to improve.

Sahil Bloom combines storytelling, interviews, questions, exercises and insight in a guide to living your best life.

Thank you to NetGalley for providing an advanced reader copy in exchange for an honest review. I have also pre-ordered books for my adult children!

Was this review helpful?

Maybe it's my age and the fact I adjusted my priorities years ago, but I didn't find anything temendously new or earth shattering in this book. The 5 Types of Wealth began when the author realized time was passing quickly and that time he had to spend with loved ones was growing short. The realization sent him on a journey to readjust his priorities and focus on building not just material wealth, but "wealth" in the areas that matter.

HIs point is a good one. Our friends, family, healthy and social purposes are as important as our careers.

That said, as I read this book, it was clear to me that the author was writing this book to enhance his career as a public speaker and life management guru, and that his target market is senior managers, wealthy entrepreneurs, and wannabe wealthy entrepreneurs. Oh, and people with nannies because any primary caregiver will tell you that those carefully crafted schedules he recommends would crumble to bits when faced with a sick toddler.

The above criticism aside, the book DOES contain a lot of useful information. Bloom has read all the important time management and personal growth books and pulls out the most important points. (That alone is a time saver!) I found the exercises he built around those points to be very helpful. More than one ended up jotted down in my journal for future use.

Bottom line, this book is best for readers who are:

1. Part of the 1 % or aspiring to be part of the 1%
2. Under the age of 50
3.. Highly organized or Type A personalities
4.. Not in charge of managing a family or household

Was this review helpful?

This is an engaging and accessible exploration of how to think about and (re)define wealth. The book explores five types of wealth - financial, mental, physical, social, and time. It is full of practical advice and prompts to reflect and assess various aspects of wealth. I appreciated the structure of the book which is organized around asking a “big question”, offering conceptualizations of the different types of wealth, outlining three pillars of each aspect of wealth, and providing guidance and summaries.

Thank you to Random House Ballantine and NetGalley for the opportunity to read a copy.

Was this review helpful?

As an ardent follower of Sahil Bloom's weekly newsletters, I approached his debut book with high expectations, and "The 5 Types of Wealth" not only met but exceeded them, emerging as the most impactful self-help book I've encountered in recent years. While longtime readers of Bloom's newsletters might recognize some concepts, seeing them woven together into a cohesive framework offers a fresh and transformative perspective on what it truly means to live a wealthy life.

At the heart of Bloom's philosophy lies the critical premise: financial wealth, while important, should not be the dominant measure of a rich life. Your wealthy life may be enabled by money, but in the end, it will be defined by everything else. As he says, "Your wealthy life may be enabled by money, but in the end, it will be defined by everything else." Through meticulous research spanning three years and countless interviews, Bloom presents four other equally crucial forms of wealth: Time, Social, Mental, and Physical. What particularly resonates is his practical approach, breaking down each wealth type into three pillars and providing a 25-question assessment tool that helps readers establish their baseline.

The book's true strength lies in its actionability. Each section concludes with concrete strategies for improvement, making abstract concepts tangible and implementable. Bloom's relationship map and energy matrix stand out for me as particularly valuable tools that I'm eager to incorporate into my own life. His systems for time wealth management are already proving their worth in my daily routine.

Perhaps the most powerful aspect of the book is captured in the interviews Bloom conducted, where notably, "No one mentioned money" when discussing their version of a wealthy life. This observation is perfectly encapsulated in one of the book's most memorable quotes: "The only thing that matters at all is the quality of the relationships with the people we love." This is particularly refreshing in today's money-obsessed culture.

"The 5 Types of Wealth" is more than just another self-help book; it's a comprehensive blueprint for living a truly rich life. Whether you're starting your career, navigating midlife, or planning for retirement, Bloom's insights and practical strategies offer valuable guidance for creating a more balanced and fulfilling existence.

A big thank you to Mulholland Books and NetGalley for providing an advanced reader copy in exchange for an honest review.

Was this review helpful?

The subtitle nails this one...transformative! Given the current economic situation, every is re-evaluating their lives. Bloom provides a much needed perspective shift in how we think about wealth. More of the popular thinking is shifting away from wealth in terms of finances, and more towards wealth in other aspects of life, and this couldn't be needed. This is in the top 5 books I've read this year.

Was this review helpful?

This book by Sahil Bloom is an easy read and gives a perspective of important things in life other than just pure money creation. The key philosophy of this book is learning how to balance and prioritize all aspects of life (time, physical and mental health, social and financial) instead of just focusing on the money goal at the cost of losing the other precious things in life.
The 'Life's Razor' is an interesting concept wherein a simple phrase or sentence that defines our purpose at that season of life and would act as the litmus test for all other actions and decisions in our life. That way, we have a guiding principle that keeps us on track in our life's journey.
Goals, campsites and anti-goals are good concepts to know the direction in which we are headed and the milestones along the way.
This book is too general and am not sure if there is a specific target audience for it, probably would fit the self help category.

Was this review helpful?

Loved this book, very insightful and inspirational. Definitely will be putting what I learned to use in my life. Will recommend this book to my family and friends and can't wait to read more from this author.

Was this review helpful?