mardi, mars 04, 2025

The 5 Types of Wealth - Sahil Bloom

 

Prologue The Journey of a Lifetime

  • overbearing: autoritaire
  • budding: en herbe
  • The arrival fallacy is the false assumption that reaching some achievement or goal will create feelings of satisfaction and contentment in our lives.
  • I had prioritized one thing at the expense of everything.
  • The greatest discoveries in life come not from finding the right answer but from asking the right questions.
  • You need to immerse yourself in the human experience.
  • Creativity and community were live-giving for her.
  • Imagine your ideal day at eighty years old:
    • What are you doing? 
    • Who are you with? 
    • Where are you?
    • How do you feel?
  • Time, people, purpose, health.
  • Spending time surrounded by loved ones, engaged in activities that create purpose and growth, healthy in mind, body and spirit.
  • If we mesure only money, all of our actions will revolve around it. We'll play the game wrong.
  • I reprioritized my health, focusing on the basics of movement, nutrition, and sleep.
  • Never let the quest for more distract you from the beauty of enough.

Designing your dream life

1.  One Thousand Years of Wisdom

  • Your wealthy life may be enabled by money, but in the end, it will be defined by everything else.

2. The Five Types of Wealth 

  • lopsided: bancal
  • ragtag: hétéroclite
  • staining: tâcher
  • You say yes to every single work call but can't find time to reconnect with an old friend.
  • Five types of wealth:
    • Time Wealth
    • Social Wealth
    • Mental Wealth
    • Physical Wealth
    • Financial Wealth

3. The Wealth Score



4. The Life Razor

  • leftovers: vestiges
  • to pass up: laisser passer
  • deeds: actions
  • to tuck: border
  • Occam's razor: The simplest explanation is the best one. Simple is beautiful.
  • Hanlon's razor, a tongue-in-a-cheek (moquerie, sarcasme) adage stating that one must never attribute to malice what is adequately explained by stupidity.
  • Hitchens' razor: anything asserted without evidence can also be dismissed without evidence. A useful rule that will save you from wasting time on pointless arguments.
  • Health problems that affect those closest to you.
  • He was working eighty-hour weeks.
  • I wake up early and do hard things.
  • I take care of myself physically and mentally.

5. Your True North

  • burst: éclater
  • heed: écoute
  • dimmer: faible
  • afoul: être en conflit
  • to belittle: rabaisser
  • knocked off my feet: à tomber par terre
  • jarring: qui secoue
  • Climbing the Right Mountain.
  • There is no favorable wind for the sailor who doesn't know where to go.
  • Life is about direction, not speed.
  • James Clear: "You do not rise to the level of your goals. You fall to the level of your systems"
  • High-leverage systems are the daily actions that create amplified, asymmetric forward progress.
  • Focus their energy on a few moments and ignore the rest.
  • Select the actions that will create meaningful progress toward your envisioned future.
  • If you don't take care of your mind in your sixties or seventies, you won't have it in your eighties.
  • Social Wealth becomes the primary goal.
  • At the end of each month:
    • What really matters right now in my life, and are my goals still aligned with this?
    • Are my current high-leverage systems aligned with my goals?
    • Am I in danger of running afoul of my anti-goals?
  • At the end of each quarter:
    • What is creating energy right now?
    • What is draining energy right now?
    • Who are the boat anchors in my life? Boat anchors are people who hold you back from your potential
  • What am I avoiding because of fear? The thing you fear the most is often the thing you must need to do.

6. The Big Question

  • fleeting: bref
  • How Many Moments Do You Have Remaining with Your Loved Ones?
  • "The years go by, as quickly as a wink. Enjoy yourself, enjoy yourself, it's later than you think." (Les années passent aussi vite qu'un clin d'oeil. Amusez-vous, amusez-vous, c'est plus tard que vous ne le pensez) Guy Lombardo
  • Direct your attention to the things that truly matter (and ignoring the rest)

7. A Brief History of Time

  • staple: essentiel
  • ominous: de mauvais augure
  • panting: haletant
  • Look behind. Remember thou are mortal. Remember that you must die.
  • The concept of memento mori is a staple fo Stoic philosophy, a reminder of the certainty and inescapability of death - of time's inevitable victory over man.
  • Thor is unable to defeat Elli, which is taken as a symbol that old age will eventually triumph over youth.
  • The atomic clock is the most recent advancement in clock technology - it uses the vibrations of atoms to measure time. Atomic clocks are so accurate that they won't stray by a single second over ten billions years.
  • Einstein contested the notion of absolute time and proposed the concept of space-time. The idea that space and time are intimately connected, meaning that time is experienced differently by different observers based on their relative motion and position.
  • A species must evolve if it hopes to survive.
  • Red Queen's paradox: running faster and faster just to stay in the same place.
  • Your attention is more divided than ever.
  • There is a cognitive switching cost to shifting your attention from one task to another.
  • You have more time than your ancestors but less control over how you spend it. You have more time, but somehow you have less time for the things that truly matter to you.
  • Not all time is equal.
  • chronos and kairos.
  • Kairos suggests that specific moments have unique properties - that the right action in the right moment can create outsized results and growth.
  • Kairos time: when energy can be invested with the greatest possible return.

8. The Three Pillars of Time Wealth

  • Awareness: An understanding of the finite, impermanent nature of time.
  • Attention: The ability to direct your attention and focus on the things that matter (and ignore the rest)
  • Control: The freedom to own your time and choose exactly how to spend it.
  • Awareness: Time as your most precious asset.
  • Attention: unlocking asymmetric outputs.
  • Control: the ultimate goal.
  • Too little and too much free time lead to unhappiness.
  • The ability to choose what you do and when you do it.