When Sahil Bloom was in college, he turned to the richest people he knew for career advice. That’s how the Stanford baseball player — whose athletic aspirations were curtailed by a shoulder injury junior year — ended up in investing.
“By the time I turned 30, I had achieved every marker of what I believed success looked like. I had the high-paying job, the title, the house, the car — it was all there,” he writes in his book “The 5 Types of Wealth: A Transformative Guide to Design Your Dream Life.”
“But beneath the surface, I was miserable,” he writes. “All I could think was: Is this it?”
It was around the same time that a friend of his laid this nugget on him over a drink: “You’re going to see your parents 15 more times before they die,” given how far away they lived and how often Bloom had been visiting.
For many years, “I had prioritized one thing at the expense of everything,” he writes. That one thing was money — until he realized he was doing it all wrong. What we should all be looking at is “time, people, purpose, health.”
So in his book, Bloom expands our definition of wealth to include time wealth, social wealth, mental wealth, physical wealth, and financial wealth. His goal is to help readers “measure the right things, make better decisions, and design your journey to wealth, success, happiness, and fulfillment.”
We know CNBC Make It readers want to be happier, smarter, and more successful with their money, work, and life. And we also know that what this ultimately looks like is unique for every single one of you. That’s why we chose “The 5 Types of Wealth” as our October book club pick.
“This book is about designing your dream life, rejecting the default path, rejecting the default definitions of success, and creating your own,” Bloom says. “You will never feel wealthy, you will never feel successful, unless you create your own definition.”
Ready to dive in? Start reading, request to join our LinkedIn group, and come chat with us and Bloom on Wednesday, October 29, at 10 a.m. ET, at our next CNBC Make It Book Club discussion.
Any questions for the author? Drop them in the comments of this LinkedIn post (you’ll need to join our private group first, which you can do here). Or email them to us in advance at askmakeit@cnbc.com, using the subject line “Question for Sahil Bloom.”
Have suggestions for future picks? Send them to us at askmakeit@cnbc.com, using the subject line “Make It book club suggestion.”
