What I Learned from "The Five Types of Wealth"
One of my favorite podcasts is The Millionaire Real Estate Agent. It’s a show that doesn’t just talk about sales and contracts—it dives into life, mindset, and the bigger picture of success. The August 11th episode featured Sahil Bloom, author of the New York Times bestseller The Five Types of Wealth.
This conversation stopped me in my tracks. For so long, “wealth” has meant one thing to most people: money. But Bloom’s book takes a completely different approach. He explains that true wealth is multidimensional, and it comes in five forms: time, social, mental, physical, and financial.
As I listened, I couldn’t help but reflect on where I stand in each area. Here’s what it looks like for me right now:
Time Wealth
Since retiring from teaching, I’ve gained a whole new appreciation for time. I now get to pour my energy into my new passion—real estate. My mornings start early (yes, I still wake up before six!), but instead of rushing into a classroom, I get to shape my own day. By 10 a.m., I’ve usually worked out, studied, and moved the needle on my business.
It’s still hard work—but it feels different. It feels like my work. And best of all, I have more freedom to enjoy time with friends and family. I use my time much better now, though I know there’s always room for growth.
Social Wealth
Connection is everything. Each week, I make it a priority to spend time with friends in my neighborhood. I’ve also joined a running club, a social club, and a book club—because community matters. These relationships fill me up in a way money never could. Happiness, I’m convinced, has a lot to do with who you share your time with.
Mental Wealth
I believe our minds need constant challenge, just like our bodies do. For me, mental wealth comes from book studies, my daily reading habit, and the great conversations I share with friends. Every time I learn something new, I feel myself grow stronger in this area.
Physical Wealth
Physical health (Wealth) is non-negotiable for me. I aim to walk at least five miles a day, and I lift weights three times a week. Walking is my favorite because it doubles as my “podcast time.” I get my steps in, stay fit, and learn something new all at once. It’s a win-win.
Financial Wealth
And yes—let’s be honest—making money is fun too. As a real estate agent, I set yearly financial goals to keep myself focused. This year, I’m ahead of schedule, which means I’ll likely exceed my goal. That feels incredibly rewarding, not just because of the numbers, but because it’s proof that the work I’m putting in matters.
What Wealth Really Means
Hearing Bloom’s perspective reminded me that financial wealth is only one piece of the puzzle. The real magic happens when all five areas are being nurtured.
And here’s where real estate connects beautifully: buying or selling a home isn’t just about money. It can give you more time wealth (less commute, more family dinners), social wealth (a neighborhood that feels like home), and even improve your mental and physical wealth (living near parks, trails, or a community you love).
So now I’ll turn the question to you:
1. How do you measure your wealth?
2. Which of these five areas do you want to grow in?
For me, this framework was a game-changer—and I’d love to hear how it resonates with you too.
