Hello and Welcome. This page is a collection of 43 quotes that I liked and saved while reading The 5 Types of Wealth book by Sahil Bloom. I hope you will like them too.
By the way, I am Deepak Kundu, an avid book reader, quotes collector and blogger.
The 5 Types of Wealth Quotes
- Once you’ve achieved a baseline level of financial well-being, more money is unlikely to meaningfully affect your overall happiness. In other words, the default scoreboard – focused on money – may be a useful asset in the earliest days of your journey, but it is a liability when you’re attached to it in the later days.
- If your expectations rise faster than your assets, you will never have a life of true Financial Wealth because you’ll always need more. Financial Wealth is built upon growing income, managing expenses, and investing the difference in long-term assets that compound meaningfully over time.
- Your life does not follow a single, steady straight line through time. It ebbs and flows and has natural seasons, each characterized by different wants, needs, priorities, and challenges. Each season must be embraced for the good and the bad. When we embrace the current season, with all its imperfections and opportunities, and when we think of balance on multi-season time horizons, we find a way to thrive.
- If you don’t nurture and cultivate your relationships in your twenties and thirties, you won’t have them in your forties. If you don’t invest in your health in your forties and fifties, you won’t have it in your sixties. If you don’t take care of your mind in your sixties and seventies, you won’t have it in your eighties.
- The thing you fear the most is often the thing you most need to do. Fears, when avoided, become limiters on our progress.
- Time spent with your children peaks in the early years of their lives and declines sharply thereafter. There’s a devastatingly short window during which you are your child’s entire world. Don’t blink and miss it.
- The person you choose to confront life’s ups and downs with will have the largest impact on your happiness and fulfillment. Choose wisely.
- Work will pull you away from your family and loved ones throughout your life. If you have the luxury of choice, make sure you choose work – and coworkers – that you find meaningful and important. Aim to have coworkers who create energy in your life.
- Focused, concentrated attention is significantly more powerful than scattered, unconcentrated attention. Outcomes follow attention. Scattered attention leads to random, ordinary outcomes; concentrated attention leads to focused, extraordinary outcomes.
- Attention needs to be directed, managed, and harnessed. As attention is deployed efficiently and effectively into the key moments or opportunities of import – the kairos time – you break the fixed relationship between inputs and outputs in your life. You put in the same input but generate significantly more output – the same amount of effort yields dramatically improved results. With this fundamental shift, time morphs from a fixed asset that you must take to a dynamic asset that you can make. Time enters the realm of your control.
- The freedom to allocate time according to your preferences – to choose how you spend it, where you spend it, and whom you spend it with – is the ultimate goal. This is the desired end state of true control over your time.
- History’s most successful people have all made a practice of creating space for reading, listening, learning, and thinking.
- Technological innovation has increased your connectedness to the world around you. You have more connectedness, but you feel less connected. You need to fight back. Human connection is ultimately what provides the lasting texture and meaning in life. Without Social Wealth, achievement across any other arena will feel unfulfilling, even bland.
- Proximity to people you love is worth more than any job will ever pay you. You may need food, water, and shelter to survive, but it is human connection that allows you to thrive.
- You are social because you are human, and you are human because you are social.
- The technologies that we have created and adopted are conspiring against us. Perhaps not in the dystopian, attack-of-the-robots manner of our favorite science-fiction thrillers, but in a silent, Trojan Horse manner that is terrifyingly effective.
- For ten years, you are your child’s favorite person in the entire world. After that, children have other favorite people – best friends, girlfriends, boyfriends, partners, and, eventually, their own children. But during those ten years, you are everything to them. You occupy a unique place in their world. It is during this period that the foundation for the parent-child relationship – so central to many people’s Social Wealth – is built. It might be a strong foundation that is likely to last for decades or a flimsy one that’s likely to crumble in years, but there is one terrifying truth: By the time your children are eighteen, you’ve already used up the vast majority of the time you’ll have with them.
- The magic years will fade away and disappear if you let them. Reject the defaults, ask the questions, embrace the tension, and design the balance that fits your world. Always remember: The days are long, but the years are short.
- Status games are a part of life and critical for establishing your position in the relative hierarchies that govern your personal and professional worlds. You will never escape them – you simply need to play the right ones. Bought status is fleeting. It may improve your relative position, but only until the next level is unlocked and you’re right back at the bottom. […] Earned status is lasting. It will elicit the durable respect, admiration, and trust that you seek from the people who matter to you, those whose opinions you value and cherish. To live a life of abundant Social Wealth, focus on what must be earned, not what can be bought.
- Life is so very fragile, but no matter how fragile it is, each day we have a choice of how to live it. Each day is a fresh start, a fresh choice to make.
- Happy people love people, use things, and worship the divine; unhappy people use people, love things, and worship themselves.
- Focus on your relationships; don’t leave their quality and intensity to chance. Treat them with the kind of seriousness that people usually reserve for their money or career.
- Stop trying to be interesting and focus on being interested. Interested people give their deep attention to something to learn more about it. They open up to the world; they ask great questions and observe. Being interested is how you become interesting.
- Falling in love is easy. Growing in love is hard. Falling is what you see on social media. Growing is what you don’t see. Growing in love is about developing and deepening a bond through discomfort, painful periods, darkness, hard conversations, and challenges. Growing in love happens over long periods, across seasons of life, in waves that come and go. Growing in love is what creates the depth of a lifelong bond.
- There are people who move to move, and then there are people who move with intention, who are going places. Always be the latter.
- Curiosity has been connected to higher levels of life satisfaction and positive emotions and lower levels of anxiety. Curiosity keeps us happier, healthier, and more fulfilled. If curiosity were a pill, all the world’s pharmaceutical companies would call it a super-drug and clamor to sell it.
- A life without curiosity is a life devoid of the desire to search, explore, and learn and lacks the texture created by this desire. A life without curiosity is an empty life, a life of stasis, a life without wonder.
- 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.
- Interestingly, the pursuit of growth as a means with no desired end does, quite often, produce the most compelling ends. History is littered with examples of lifelong learners who have achieved extraordinary outcomes.
- The secret to life is to put yourself in the right lighting. For some, it’s a Broadway spotlight; for others, a lamplit desk. Use your natural powers of persistence, concentration, and insight to do work you love and work that matters. Solve problems, make art, think deeply.
- We know from myths and fairy tales that there are many different kinds of powers in this world. One child is given a lightsaber, another a wizard’s education. The trick is not to amass all the different kinds of power but to use well the kind you’ve been granted.
- Creativity has the power to look pain in the eye and turn it into something else.
- You may read thousands of books in your life, but there will be only a few that deeply change you. Reread them every single year. Your experience with the book will change as you do – you’ll get new perspectives. And doing this will remind you of how you can fall in love with the same thing (or person) over and over again.
- The case for walking is abundantly clear. If there is one single habit that you can build that will immediately create space, enhance your creativity, reduce your stress, and improve your overall Mental Wealth, it is a daily walk.
- Your body is, quite literally, the house that you’re going to live in for the rest of your life. And yet a lot of people treat that house like trash – they drink and eat too much, don’t sleep enough, rarely move, and avoid the basic investments and repairs necessary to keep it maintained. You are in control of the present and future state of your house. Keep the foundation and roof in solid order, fix minor issues as soon as they arise, and make the small daily, weekly, and monthly investments required to ensure it will last a long, long time.
- In a world that wants you to chase everything everywhere all at once, you must narrow your focus. Chasing the secondary before finishing the primary is playing the game on hard mode.
- Most people are not wired to work from nine to five. Modern work culture is a remnant of an earlier age – long periods of the same steady monotonous tasks. If your goal is to create, you must work like a lion. Sprint when inspired. Rest. Repeat.
- Unless you’re a professional investor with a specific edge and a track record of outperforming the market, it’s unlikely that you will consistently beat an index fund, so you’re almost always better off taking common returns and allowing your time in the market to be the uncommon factor that drives your outsize rewards.
- Financial Wealth does not solve your problems; it simply changes the types of problems you face. The most important and fundamental questions about your life will remain, irrespective of the level you achieve. It is entirely up to you to determine how you can leverage the Financial Wealth you have built to create and increase other types of wealth – Time, Social, Mental, and Physical – as you seek to build a comprehensively wealthy life.
- Fight for simplicity in your finances. The more successful you become with money, the more you have to fight for simplicity in your finances. When you keep things simple, you can take control of your money and become much more decisive.
- Financial success is a by-product of the amount of value you create for those around you. The richest people in the world have billions of dollars, but they have each created tens or hundreds of billions of dollars of value and simply captured a small portion of that value they created. If you want to make a lot of money, stop focusing on your investments, stop focusing on your plan, stop focusing on your strategy, and start focusing on how you can create immense value for everyone around you. If you do that, the money will follow.
- Over the past several years, it has become very trendy to say that hard work is overrated, that working smart is all that matters. Wrong. If you want to accomplish anything meaningful, you have to start by working hard. Build a reputation for hard work – take pride in it. Then you can start to build leverage to work smart. Leverage is earned, not found. When you’re starting out, you shouldn’t be focused on leverage. You should be focused on creating value anywhere and everywhere. Hard now, smart later. Earn your leverage.
- If someone cracks open a door that may present an opportunity, dive through it. It doesn’t matter if the opening is the exact opportunity you want. Become useful now, and the opportunities that excite you will appear later. Every great story starts with a tiny crack. Spot it. Dive through it.