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FROM THE CALM AGENT DESK
5 Types of Wealth You’re Probably Ignoring
What does it really mean to be wealthy?
Last week, I saw Sahil Bloom speak live at KW Mega Agent Camp. In his New York Times Bestseller "The 5 Types of Wealth," Sahil Bloom redefines what it means to be truly wealthy, moving beyond just finances to include other crucial aspects of life.
He identifies five types of wealth: Time, Social, Mental, Physical, and Financial. The concept emphasizes that one's wealthy life will involve money, but ultimately, it will be defined by "everything else".
1. Time Wealth
Time wealth is fundamentally about freedom to choose how you spend your time, who you spend it with, where you spend it, and when you trade it for other things. It is grounded in the realization that time is your most precious asset because you cannot get it back.
Bloom suggests that a key step to building time wealth is to recognize the incalculable value of your time and avoid wasting it on activities like scrolling on your phone or worrying about the past or future.
A practical tool is the "energy calendar," where you color-code your daily activities based on whether they create energy (green), are neutral (yellow), or drain energy (red). This helps identify high-leverage activities and allows for incremental changes to prioritize green over red, leading to improved well-being and outcomes.
2. Social Wealth
Social wealth revolves around your relationships, encompassing both a few deep connections within a close circle and a broader network of community, spiritual, local, or regional connections.
Scientific studies, such as the Harvard Study of Adult Development, indicate that relationship satisfaction at age 50 is the single greatest predictor of physical health at age 80, highlighting relationships as the most important predictor of a good life, regardless of income or social status.
To cultivate social wealth, Bloom advises letting people know when you think something nice about them, acting on kind thoughts immediately. He also suggests creating a "relationship map," a 2x2 matrix that plots relationships based on their frequency and quality (from toxic to supportive). This helps identify which relationships to lean into more and which to pull back from, ultimately improving life quality.
3. Mental Wealth
Mental wealth encompasses purpose, growth, and space.
Purpose is about having a sense of meaning in your life and aligning your short-term actions with long-term priorities.
Growth signifies your ability to change, learn, and develop capabilities that are not static.
Space refers to the ability to slow down, zoom out, and gain perspective on your life's direction, allowing for necessary adjustments.
A recommended practice for mental wealth is a "think day," taking one or two hours monthly in a new environment, disconnected from technology, to reflect on bigger picture questions like what your actions truly indicate your priorities are. This practice helps close the gap between stated priorities and actual actions.
4. Physical Wealth
Physical wealth centers on your health and vitality. It involves taking controllable, daily actions to combat natural decay and maintain the body, which Bloom metaphorically describes as the house that you are going to have to live in for the rest of your life. Prioritizing physical wealth has positive ripple effects across all other areas of life.
Bloom simplifies physical wealth into "level one" actions across three pillars:
Movement: Move your body for 30 minutes a day, regardless of the activity.
Nutrition: Eat whole, unprocessed foods for about 80% of your meals.
Recovery: Aim for around 7 hours of sleep per night.
These basic, consistent actions can significantly improve overall health without requiring fancy equipment or large investments.
5. Financial Wealth
Bloom intentionally places financial wealth at the end of his discussion to emphasize that it should be viewed as a tool, rather than the ultimate goal. The crucial question is, "What is the money for?". Understanding the purpose of money helps design a life aligned with your values rather than chasing an abstract number.
Money improves happiness at lower income levels by reducing fundamental burdens and stress. However, beyond a certain baseline, more money is unlikely to significantly increase happiness if one is already unhappy or happy. The pattern of associating happiness directly with money, formed in early life, becomes difficult to break even when it's no longer true.
He suggests an "enough life visualization" exercise, where individuals envision the life they truly want to create, beyond just monetary figures. This allows for a clear picture of what "enough" means for them personally, fostering security and autonomy rather than constant comparison to others.
Forget Work-Life Balance: Try This Instead
Sahil Bloom's framework also offers a perspective on "work-life balance," moving away from the rigid notion of an on/off switch to a more fluid concept of "dimmer switches" and "seasons" of life.
This approach suggests that one can indeed dedicate periods to intense work focus, provided it aligns with a broader understanding of holistic wealth and is strategically managed.
To me, this gives permission to no longer chase the elusive work-life balance.
It is about being aware of what season you are in and adjusting how much you give to each area of life.
There are periods of time that call for complete focus and 110% effort on work. That’s often the only way to move the needle. I would go as far as to say that any new real estate agent should start their career with this mindset, or they are not going to make it.
An estimated 75% of agents quit their careers after 1st year. For new agents to succeed, they need to go “a little crazy” and double down on their business to get it off the ground. Other areas of life might suffer a little bit. But, without that extra effort and commitment, time is wasted on a career that doesn’t take off.
After a period of intense work, we need space to think, rest, and connect with people. Knowing when and how to adjust those levels creates a more sustainable rhythm.
Which area of your life needs your attention right now?
AI PROMPT
Prompt for Sahil Bloom’s “The 5 Types of Wealth” Analysis
Act as a strategic coach. I want you to help me analyze my life and priorities through the lens of Sahil Bloom’s “The 5 Types of Wealth”: Time, Social, Mental, Physical, and Financial.
Ask me guided reflection questions for each type of wealth that uncover where I stand today.
Based on my answers, summarize my strengths and gaps in each wealth category.
Help me design a 90-day action plan with: One clear, realistic action step in each category. One overarching focus area (the wealth type that most needs attention right now). Metrics or checkpoints to measure my progress.
Present the final plan in a structured, easy-to-follow format (like a roadmap or action table).
Your role is to keep me practical and strategic—no fluff, just clear insights and steps I can take right away.
AI IN REAL ESTATE
AI in Real Estate: $34 Billion Efficiency Gain
Morgan Stanley projects that AI could automate 37% of real estate tasks, creating $34 billion in efficiency gains by 2030. Companies are already reporting results. A self-storage firm reduced on-site labor by 30% and increased customer satisfaction. A residential company lowered staff levels by 15% since 2021 and reported higher productivity.
Key areas with the greatest potential:
Brokerage and services: up to 34% improvement in cash flow from AI adoption
Lodging, resorts, and healthcare REITs: more than 15% gains from automation
Building management: improvements in energy use, risk monitoring, and climate resilience
AI is becoming a core tool for real estate firms, influencing operations, client experience, and infrastructure. The next step is managing growth in a way that strengthens both business and people.
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