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Brought to you by the every dollar app

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start budgeting for free today. I was

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just talking about Ken Coleman's front row

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seat a minute ago one of the

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guest recently was Sawhill Bloom and Sawhill

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has a brand new New York Times

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Best-selling bookout the five types of wealth

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and we asked him to stop by

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while he was hanging out with the

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Ramsey team here and be a part

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of our our show today here live

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on the air. Welcome, Sahil. Thank you

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so much for having me. Congratulations on

0:31

all your success, man. Thanks blowing up.

0:33

I appreciate it. I appreciate it. It's

0:35

fun to see the impact in the world,

0:37

you know. Yeah. Writing a book is

0:39

a pain in the butt, but the

0:41

results of it and how long it

0:44

sticks around. It makes it worth doing.

0:46

Yeah, something permanent about a book versus

0:48

anything else that you do, social media,

0:50

writing, etc. Just does feel different. Something

0:52

very analog in a digital world, for

0:54

sure. Very cool stuff. All right, five

0:56

types of wealth. I got to hear,

0:58

what are they? So the five types

1:01

of wealth that I talk about in

1:03

the book, time wealth, all about freedom,

1:05

social wealth, it's about your relationships, mental

1:08

wealth is about purpose and growth, physical

1:10

wealth, is about your health. And then

1:12

financial wealth is about money, what we

1:15

all know and love. Okay. And I'm

1:17

gonna guess and say you figured out

1:19

that if those aren't all working, that

1:21

none of them work. Yeah, the whole

1:24

idea. As well, anyway. Exactly. The whole

1:26

idea is that. Our default scoreboard,

1:28

the way we have traditionally measured

1:30

our lives, has been incomplete, and

1:32

that has been entirely based around money. And

1:34

that is part of building a wealthy, a

1:37

fulfilling life, but it's not the only part.

1:39

And for a lot of people... the chase

1:41

and the obsessive quest to do the one

1:43

thing comes at the expense of everything else.

1:46

You get the Pyrrhic victory, you win the

1:48

battle, but you lose the much bigger picture

1:50

war. And so focusing on a more comprehensive

1:52

scoreboard, a way to measure your life across

1:55

all of these areas, that's how you go

1:57

and build the comprehensively wealthy life that we

1:59

have. all really want. You know, that's,

2:01

we often get a question about work-life

2:03

balance in the middle of getting out

2:05

of debt. You know, you're going scorched

2:07

to earth while you're getting out of

2:09

debt following our process. And as if

2:11

there's no way to have high quality

2:13

relationships or even a social life while

2:16

you work hard. There's some people have

2:18

this idea that's on spectrum and there's

2:20

an automatic tradeoff If I get a

2:22

bigger piece of that there's a smaller

2:24

piece of that It's not always that

2:26

way is it? Hey George here with

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2:55

get a bigger piece of that, there's

2:57

a smaller piece of that. It's not

2:59

always that way, is it? No, I

3:01

totally agree with you. The whole idea

3:03

of even saying work-life balance fundamentally places

3:05

the two things in tension, and that

3:07

tension is made up. The reality is

3:09

that the two can actually be part

3:11

of a harmony, right? I mean, your

3:13

family is on the mission with you

3:15

that you were on when it comes

3:17

to your work, and they should feel

3:19

that way, because it's part of building

3:21

a life together that you're on that

3:23

you're on that you're on that journey.

3:25

Your wife did the cover of the

3:27

book. My wife did the cover of

3:29

the book. Exactly right. We're all on

3:31

this mission together. I do think that

3:33

um... The mindset of on off switches

3:36

in life is one of the most

3:38

dangerous mindsets we all have. We say,

3:40

oh, I'm going to be focusing on

3:42

making money. So too bad, you know,

3:44

health, too bad, family, friends, all those

3:46

things get shut off. The reality is

3:48

that you can just have them on

3:50

dimmer switches. Just because you're prioritizing making

3:52

money and getting out of the paycheck

3:54

to paycheck cycle doesn't mean you shut

3:56

off these other areas. Anything above zero.

3:58

compounds in all of these areas of

4:00

life just as much as it does

4:02

with your financial future. You know, we

4:04

were talking about this when you were

4:06

on front row seat, but I want

4:08

to bring this up because I think there's

4:11

clear data now. We can look at CEOs.

4:13

We see a correlation between healthy

4:15

people and actually financially wealthy as well.

4:17

It's pretty interesting how that correlates. And

4:19

I think a lot of people overlook

4:22

their physical health, right, because they go,

4:24

hey, I'm doing a well here. What

4:26

have you seen on that and how

4:28

do you correlate those in the book?

4:30

Over and over again we find that

4:33

physical wealth, your health and vitality is

4:35

a catalyst for every single other area

4:37

of your life. When you take care

4:39

of yourself, fundamentally what you're doing is

4:42

taking back agency over your life. You

4:44

believe that you have the ability to

4:46

take an action, to take an

4:48

ability to take an action, do

4:50

something for your physical health, and

4:52

create a desired outcome. That belief

4:55

that you have instilled in yourself

4:57

through the physical pursuits applies to

4:59

everything else that you can do

5:01

that in your life. relationships. All

5:03

of that is about reassuming agency.

5:05

I can reassume the hero

5:07

in the story's role. I can take

5:10

control of this. I can

5:12

control the controllables. The number

5:14

of times we've over the

5:16

35 years doing this that

5:18

someone says, oh while I was getting

5:20

out of debt, my marriage vastly

5:22

improved and I lost 40

5:25

pounds. Not from not eating, but

5:27

from physically taking care of myself. And

5:29

so it turns out discipline begets discipline

5:31

is one saying that fits right with

5:33

that. Yeah, absolutely. And you become a

5:35

different person by taking these actions. So

5:38

as a result, you are doing one

5:40

thing, but it has those ripple effects

5:42

into every other area of your life.

5:44

You know, we were talking earlier, Sahel,

5:46

Sahel, I want you to share this

5:49

because we agree on this. This book

5:51

has really taken off, it's hit a

5:53

nerve, and the title itself is somewhat

5:55

provocative without trying to be, the five

5:57

types of wealth. But in America today,

5:59

we're... getting to see kind

6:02

of a groundswell, a

6:04

negative groundswell that's anti-successful

6:06

people. Why do you

6:08

think that's happening? I think

6:10

that for a lot of people

6:12

out there, success has become something that

6:14

they don't feel they have access to.

6:16

That is fundamentally giving up your agency,

6:18

right? You are saying that other people

6:20

have the opportunity to do things and

6:23

create success, but I do not. And

6:25

so I'm going to be moan that

6:27

success because I don't feel I have

6:29

access to that. If you change one

6:31

thing about your life, you create that

6:33

one tiny piece of momentum, reassume that

6:35

agency, you will no longer believe that.

6:37

You will recognize that you have the

6:39

capacity to take an action and change

6:41

your life. I would add to that

6:43

as a couple. particularly a young couple

6:45

we see them once they lock arms

6:47

and fix their eyes on the same

6:49

goal and then they go slay that

6:51

dragon together they start to realize we

6:53

as a couple can take agency over all

6:55

these different areas of our life

6:58

and it just builds confidence the

7:00

empowerment gives you confidence to go

7:02

forward time social mental physical financial

7:04

the five types of wealth sawhill

7:06

bloom is our guest this is

7:08

now a seven weeks on the

7:11

New York Times best seller it's

7:13

a legitimate Very good book and

7:15

strongly recommend you pick up a

7:17

transformative guide to design your dream

7:19

life. Talk about designing your dream

7:21

life. It is all about taking

7:24

deliberate daily actions to actually go

7:26

and build the life that you want. The

7:28

tiny action that you do today is going

7:30

to be the thing that creates the momentum

7:32

for tomorrow. The problem is that when you

7:34

stare at this big wall, you're trying to

7:36

go create this enormous change in your life.

7:38

It's too intimidating. You look at it and

7:41

you say, like, I can't possibly get to

7:43

the other side of this thing. You don't

7:45

have to do that. It's just about creating

7:47

a little bit of awareness and then taking

7:49

a tiny bit of action. Because again, that

7:51

tiny action is what creates the momentum for

7:54

you to get a little bit better tomorrow,

7:56

a little bit better the day after that. When

7:58

you're staring at the blank screen, I'm gonna

8:00

write a book. Do you have that

8:02

same feeling? Absolutely. I better put a word down

8:04

here fast so that another word comes, so

8:06

that another word comes because otherwise I'm gonna be

8:08

two days staring at this blank screen. Absolutely.

8:10

And again, anything above zero compounds, the 10 words

8:12

that you write today, the 10 minutes, but

8:15

successful, ambitious people are the worst about allowing optimal

8:17

to get in the way of beneficial. They

8:19

say, I don't have an hour to work out

8:21

today so I'm just not gonna work out.

8:23

I don't have two hours to write so I'm

8:25

just not gonna write. I don't have an

8:27

hour to call my mom so I'm not gonna

8:29

call her. The reality is that a five

8:31

minute call is better than nothing. A 10 minute

8:33

walk is better than nothing. Five minutes of

8:36

writing is better than nothing in all areas of

8:38

your life. Yeah, so make the

8:40

call, do the walk. A walk could

8:42

lead to a run, you never know.

8:44

So good stuff, very good stuff, very

8:46

fun. And so they can also hear

8:48

you on your podcast? No podcast right

8:50

now, but maybe wanted to come soon.

8:52

Okay, very cool. Robust newsletter, yes? Newsletter,

8:55

several times a week and you can

8:57

get the book anywhere, books are sold.

8:59

And I wanna point out How do

9:01

we get the newsletter? Newsletter

9:03

is at sawhillbloom.com.

9:05

S -A -H -I

9:07

-L -Bloom.com, very, very

9:10

good. That's where that book came from, by the

9:12

way. I wanna brag on him. I had

9:14

been following you for years because of that newsletter

9:16

and even on X you would put out

9:18

these little nuggets and he lives what he believes

9:20

on that. That's how this book came about.

9:22

You tested this content for a long time and

9:25

now you're seeing the results of it. So

9:27

I wrote a book with an

9:29

absolutely horrible title that didn't

9:32

do very well. It's called More

9:34

Than Enough. So answer that

9:36

question. What does it mean to

9:38

have enough? I love the

9:40

whole idea of enough because fundamentally

9:42

enough is where you build

9:44

your best life. The chase for

9:46

more is a plague. More

9:48

is the most dangerous word. The

9:51

minimalist would love you. Yes,

9:53

they would. Love it. The five

9:55

types of wealth, saw hill

9:57

bloom. Thanks for stopping by my friend. Thank you for having

9:59

me. of your success. Very well

10:01

done. Create your free every dollar

10:03

budget today, the simplest way to

10:05

budget for your life.