Hello and Welcome. This page is a collection of 45 quotes from The 5 Types of Wealth book by Sahil Bloom that I liked and saved while reading this book. I hope you will like these quotes too.
By the way, I am Deepak Kundu, an avid book reader, quotes collector and blogger.
Quotes on Money
- 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.
- Your wealthy life may be enabled by money, but in the end, it will be defined by everything else.
- 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.
Quotes on Relationships
- 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 person you choose to confront life’s ups and downs with will have the largest impact on your happiness and fulfillment. Choose wisely.
- 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.
Quotes on Children
- 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.
- 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.
Quotes on Curiosity
- 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.
Quotes on Life
- 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.
- 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.
Quotes on Love
- 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.
- Never keep score in love. Scoreboards are for sports games, not marriages.
Quotes on Personal Finance
- 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.
- Expectations that grow faster than assets are the most common cause of financial misery. Track your lifestyle expectations and ensure that you are not allowing those expectations to inflate materially as your income grows. Avoid the perils of lifestyle creep, particularly in the early years of your journey to financial freedom, as incremental dollars invested early are worth more later.
Quotes on Reading
- History’s most successful people have all made a practice of creating space for reading, listening, learning, and thinking.
- 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.
Quotes on Time
- It doesn’t matter where you’re from, how old you are, or whether you’re rich or poor – time is a universal truth and struggle.
- 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.
Other Quotes
- 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.
- Life is about direction, not speed.
- The thing you fear the most is often the thing you most need to do. Fears, when avoided, become limiters on our progress.
- The answers are within you – you just haven’t found the right questions yet.
- 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.
- 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.
- 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.
- Happy people love people, use things, and worship the divine; unhappy people use people, love things, and worship themselves.
- 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.
- There are people who move to move, and then there are people who move with intention, who are going places. Always be the latter.
- 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.
- Don’t consume the news unless you’re highly confident it will matter one month from now. Consuming more news has become a reliable way to understand less about the world. Focus on smaller doses of high-signal content, not the constant drip of Breaking news! that has become the standard of the industry.
- Creativity has the power to look pain in the eye and turn it into something else.
- 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.
- 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.
- Buy the best and keep it as long as possible. Sometimes buying cheap ends up being expensive, and spending a little (or a lot) more for quality saves money in the end.
- Be a conscious spender, not a cheap person. Cheap people care about the cost of something. Conscious spenders care about the value of something. Cheap people try to get the lowest price on everything. Conscious spenders try to get the lowest price on most things but are willing to spend extravagantly on items they really care about.
- 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.
- 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.