Book Review: The 5 Types of Wealth

Title: The 5 Types of Wealth

Author: Sahil Bloom

Publisher: Ballantine Books

Publication Date: February 4, 2025

Rating: 5 out of 5 stars

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.