A Transformative Guide to Design Your Dream Life — with Sahil Bloom

Sahil Bloom, an investor, entrepreneur and writer, known for his newsletter The Curiosity Chronicle, joins Scott to discuss his latest book, The 5 Types of Wealth: A Transformative Guide to Design Your Dream Life. Follow Sahil, @sahilbloom. Scott opens with his thoughts on the buzz surrounding DeepSeek's new AI model. Algebra of Happiness: the power of now. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Speaker 00

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• 1:31Scott Galloway?

  Episode 334. 334 is the area code covering southeast Alabama. 1934? Alcatraz opened as a federal prison. True story. I have a friend who has sex three to four times a week, works out every day, and reads at least two books a week. And all this guy ever does is bitch about prison.

• 1:51Speaker 07

  Go, go, go!

• 2:01Scott Galloway?

  Welcome to the 334th episode of the Prop G Pod. What's happening? The dog is back in the incredible city of London. That's right. Where the sun has decided to go on vacation. The sun has decided to take fall, winter, and I would imagine spring off. I did have a wonderful weekend. Let's, let's bring this back to me. What are the, what are the wonderful things about London? One, it's a great city. Two, Premier League football. Maybe that's number one. Three, probably first and foremost, that's actually probably one, is proximity to the continent. So what did I do with my 14 year old this weekend? We went to Pancras, St Pancras train station, which is literally 10 minutes from my house. Got on the Eurostar, which is lovely, which is lovely.

• 2:44Scott Galloway?

  And I mean, zoomed at like 330 kilometers per hour. I love public infrastructure. I say raise taxes and just build shit that the public can use.

• 2:54Scott Galloway?

  Gerd Nord, two hours and 21 minutes later, and then boom, in our hotel, we went to the Notre Dame. Jesus Christ. I believe that God hangs out there now. Oh my God. Oh my God, we're, we're sitting in line for 70 minutes with every tourist from everywhere, including myself. Wow. Wow. Notre to the dome. Jesus Christ. Seriously. But more importantly, I stayed at a beautiful hotel, went to the pool with my son, because when you have a son, you always gotta go to the pool. You always gotta go to the pool, full stop. Gotta check out the pool. That's how we evaluate hotels is by the pool. Then we went upstairs to this fancy Tony restaurant and had light apps, which was delightful. And then the highlight of the trip, we went to the PSG game.

• 3:39Scott Galloway?

  20 minutes to the stadium, boom. Parking wasn't that bad. Into the stadium. Amazing fans. We saw them tie RINs. Great game. Fantastic fans. It was raining, but the stadium is designed really well, so we didn't get rained on. And then boom, back to the hotel in just like 22 minutes. What a wonderful, wonderful city. Anyways, that's what I'm doing.

• 4:01Scott Galloway?

  Today, we speak with Sahil Bloom, an investor, entrepreneur, and writer known for his newsletter, The Curiosity Chronicle. That's kind of an interesting name, The Curiosity Chronicle. That sounds like it's going to be on PBS. We discussed with Sahil his latest book, The Five Types of Wealth: A Transformative Guide to Design Your Dream Life. Okay, moving on to a shakeup in the AI world. Oh my God, what are we going to talk about? This is kind of the business story of the week. DeepSeek, a Chinese startup that's just over a year old, sent shockwaves through the global tech markets with an AI model that's as powerful as OpenAI's ChatGPT or Google's Gemini, but it was built with just a fraction of the usual resources. DeepSeek R1 was trained using just 2,000 Nvidia

• 4:46Scott Galloway?

  chips and 6 million in computing power. That's about 10 times less than what Meta spent on building its latest AI technology. Why does this matter? This signals a major shift, maybe even a paradigm shift, in AI development. Less money and fewer chips equals more players, right? The market essentially has been rewarding investment over innovation, and a small number of players have been running away with it, specifically the ones that have the capital to deploy basically the defense budget of China, which is the capital on their balance sheets and how much they are spending on developing these data centers, buying Nvidia GPUs. I mean, just this staggering investment here. And then all of a sudden comes this innovation where the chips are speaking to

• 5:31Scott Galloway?

  each other in a more efficient way, as opposed to traditional models that had to be trained in a house where all appliances and all lights were on at the same time. This just said, we figured out a way that you only have to have the lights on in the room you're in, and is consuming a fraction of the processing power and the energy, if you will. DeepSeek just proved it's no longer a game dominated by US tech giants. And this is, essentially, the market has said again, maybe we overestimated investment versus innovation. But there's more to the story. DeepSeek didn't just develop this tech, they open sourced it. That means they shared the underlying code for others to build on. While open sourced AI accelerates innovation,

• 6:13Scott Galloway?

  It does come with serious risks. Many experts argue that US companies shouldn't open source their technologies because they could be exploited to spread disinformation or even create autonomous weapons. This has essentially given the Chinese, you could argue, sort of open source, the opportunity to catch up and even blow by this. And this has so many kind of second order effects. First off, not only did chip stocks fall, or the AI stocks fall, and we'll talk more about that, but the second order effects was that there had been an equally vicious run up of energy stocks because the choking point in what we thought was going to be an energy hungry AI world, you saw Constellation Energy, you saw all these energy stocks skyrocket, they had a significant drawdown because maybe energy

• 6:58Scott Galloway?

  isn't going to be as scarce as we had originally thought because of the fact that AI may not be quite as power hungry as we'd originally anticipated. This is really shaking up global markets. I wouldn't say investors are panicking, but there's definitely been a drawdown. Nvidia shares plummeted 17% on Monday after DeepSeek debuted its AI system, wiping out, get the 600 billion in market value. This marked Nvidia's worst trading day since the pandemic crash in 2020. Now, having said that, we require some context here. That takes them all the way back to where the stock was in October. And when stocks run up like this, it is like a balloon inflating. And if it becomes more and more inflated slash overinflated, the smallest

• 7:40Scott Galloway?

  scratch can pop the balloon. And I think that in addition to this news, it's likely that these stocks had had such incredible runups that the market was looking for kind of any excuse or any slight brush of the balloon to pop, if you will. But still, this gives you a sense also of how scary it is that markets is concentrated because at $600 billion, you have essentially wiped out the value of a smaller stock market. I mean, that's the value of the entire global auto industry sans Tesla. And this is what happens when markets are allowed to get too concentrated. The other second order effect, I find fascinating. So on fascinato, okay, what's French and what's French and what's fascinating in French? I don't know. But anyways.

• 8:21Scott Galloway?

  Effectively, you have this argument for global trade and that is what would have happened if we had continued to ship Nvidia chips to China? Would they have been as motivated to figure out a workaround here that would have resulted in what is probably, I mean, this is just, I'm blown away. I'm blown away. But at the same time, this kind of is following where most markets evolved to. And that is eventually over time, everything goes Android and iOS. What do I mean by that? Scott, what do you mean by that? What's going on? You're on a train, you're in the tunnel, you're underneath water, you're going 320 kilometers per hour. It's time to put on your thinking cap. You got peace. Do some deep breathing

• 9:01Scott Galloway?

  and then really bring us some blue flame clarity here. Essentially, every market bifurcates into Walmart or Tiffany. And that is, as a species, the easiest way to process information is zeros and ones. And we've essentially based all innovation or computing on binary code, zero and one. Why? It is easy to understand yes and no. It's easy to understand I'm interested in you, I'm not interested in you. I'm friend, I'm foe, right? So we distill everything down to a basic binary decision framework. That is the fastest way to make decisions is the fastest way to process information. So the entire consumer world bifurcates into a binary set of decisions. Do I want the most stuff at the lowest price? Okay, that's Amazon. Okay,

• 9:46Scott Galloway?

  that's Walmart. Okay, that's Costco. Do I want something more artisanal that's special, that has self expressive benefit, that makes me feel as if I'm in the company of God? By the way, the reason why we buy luxury goods is one, it makes us more attractive to potential mates. When I have a Porsche, it says I'm a baller. When I'm a member of Maison Estelle or the Ukraine Club or Chez Margaux. I just went there last week. Oh my God. Talk about a lot of hot people. Jesus Christ. I mean, come on. Where do those people come from? They're like those warlocks or whatever they are. Where do they come from? Do they just descend from the ground at like 9:00 PM and go to these members only clubs in New York? Anyway, zero and one, right? The one, the artisanal stuff, self expressive

• 10:26Scott Galloway?

  benefit and two, and two, making more attractive to mates, makes you feel closer to God. The mesh in a Bottega Veneta bag, the slope on the back. Of a Range Rover makes you feel like it steals you in the presence of something. Why do we do that? Why do we slow down and find inspiration and spirituality as if we're closer to God? It's because the majority of the great artisanal work throughout history has been sequestered to mosques, temples and churches. When you go into St. Peter's Cathedral, you're like, oh my God, you see the pieta? Is that what it's called? You think, Jesus Christ, maybe God does hang out here or God, maybe Jesus Christ does hang out. Or maybe they're both together. Maybe it's a father-son basketball tournament. By the way, by far the best moment I've ever had, ever had, one of the top moments I've ever had, was father-son basketball game, eighth grade Gulfstream.

• 11:11Scott Galloway?

  Daddy had practiced in the backyard with his son, boom, steals the ball, breakaway, dish off to his son, three, two, one, scores the layup. Eighth grade wins. Hello. My son has never been less embarrassed of me in his life. Anyway, back to me. You have churches and mosques where we got used to seeing these incredible works of artisanship, such that when we see these really beautiful things, it does still us. It makes us feel more spiritual, makes us feel, maybe this is all worthwhile, or maybe there's some, maybe I'm going to go hang out with my parents and my old dog or something like that. But this is, this is the one. This is, that's the one. The zero is the low cost. Everything is bifurcating into zero, one. Now, the question is, I would offer, I would posit, I would argue,

• 11:56Scott Galloway?

  is the following, is AI going the same way of all retail and all consumer markets? Are we going to have a zero layer, super inexpensive, open source, built on things? And then are we going to have the Tiffany and the artisanship? And that is, companies will still spend a great deal of money on a massive amount of compute, super sophisticated LLMs that do more sophisticated artisanal, difficult work. And that we're essentially going where every market is going, and that is we're going Android. You can get a free phone with a great operating system for free, essentially, if you go Android. Or iOS, where the cost of a phone will command three months' average salary of a Hungarian. So I don't know if this is the end of kind of AI as we know it, or these companies.

• 12:41Scott Galloway?

  There is a risk here, and that is when you have the magnificent 10 representing. Twenty seven percent of the S and P and now the S and P or the US market represents fifty percent of global value of thirteen percent of the global economy kind of wrapped up or at least led by a small number of companies. And if one sneezes, the entire fucking thing might catch a cold and that is the world might or the world economy might get pneumonia. If there's a serious drawdown in these stocks. I also think it reflects some of our arrogance that people like me about out there saying we're all AI. Who's doing anything important around AI? And China said, I know China's core competence, they're exercising here. China's core competence, supply chain and number two IP theft. They basically steal

• 13:23Scott Galloway?

  the plans of the IP and the plans, architectural plans of a cell tower from Siemens. And instead of building it for $200,000, they offer it for 40,000. The majority of people think espionage is some good looking guy killing another agent and then banging the foreign agent or the double agent and then rolling around in an Austin Martin. No, that's not espionage. Espionage is the following. It's it's an overweight guy who's the personal assistant to some attache or some senior executive at Google who gets proprietary information on their new LLM or their new search algorithm, puts it on a thumb drive and then gives it to his handler and then they ship it to Beijing. The majority of espionage right now isn't about killing spies or state secrets. It's about corporate espionage. This is economic

• 14:08Scott Galloway?

  warfare. Think about how few wars are really when you think about it relative to the economic warfare that takes place every day. So number one competence of China is in fact, supply chain. Number two is IP theft or specifically espionage. By the way, that's not unusual. If you want to grow your economy faster than five percent a year, you have to engage a massive theft, which is what we did during the 19th century when we stole European textile and manufacturing technology and littered the Eastern Seaboard with these. Factories where we could take advantage of our abundant resources. We even kidnapped artisans and people could operate this machinery. So IP theft is not unique to China. They're just doing it better than us and we're pissed off about it. And this is kind of the ultimate example, right? They took our open source, they sort of borrowed it.

• 14:52Scott Galloway?

  So it's not really theft, call it IP leasing. And they said, I know, we can come up with more for less. We did a workaround, not because you wouldn't ship us those fancy American chips. And we have figured out potentially a way to have the Walmart of AI. This will rock the markets, but I would argue, I would argue, this is a natural evolution where we're bifurcating into zeros and ones, or Walmart and Tiffany. We'll be right back for our conversation with Sahil Bloom. Support for the show comes from Bilt. Most of us work hard to earn our keep, but usually there's no one around to hand you a cookie when you successfully pay your monthly housing bill. No one except Bilt, that is.

• 15:34Scott Galloway?

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• 16:19Scott Galloway?

  Use our link so they know we sent you. Support for the show comes from Upwork. Trying to scale your business? At some point, you're probably going to hit a point where you need some help. Sometimes the best way to break through that is bringing in the right talent at the right time. Upwork can help. Upwork is a one-stop platform where you can find, hire, and pay expert freelancers across more than 125 categories. Whether you need specialized skills for a single project or extra support to keep up with demand, it's easy to connect with experienced professionals, review their work, and find the right fit. You can move faster without taking on the commitment of full-time hires. And for businesses that need the very best talent, Upwork Business Plus provides access to the top 1% of freelancers on the platform.

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• 18:27Scott Galloway?

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• 18:51Scott Galloway?

  Welcome back. Here's our conversation with Sahil Bloom, an investor, entrepreneur, and writer known for his newsletter, The Curiosity Chronicle.

• 19:00Scott Galloway?

  Sahil, where does this podcast find you?

• 19:02Speaker 08

  I'm in Westchester, New York, just outside New York City.

• 19:05Scott Galloway?

  Nice. So, in your debut book titled The Five Types of Wealth: A Transformative Guide to Design Your Dream Life, you write about five types of wealth: time wealth, social wealth, mental wealth, physical wealth, and financial wealth. Can you break these down for us?

• 19:19Speaker 08

  Absolutely. Time wealth is all about freedom to choose how you spend your time, who you spend it with, where you spend it, when you trade it for other things. It's fundamentally about an awareness of the precious nature of time, of time as your most precious asset. Social wealth is all about your relationships. These are the people that you love, the depth of a few close relationships, and then the breadth, the connection to something bigger than yourself. Mental wealth is about purpose. It's about growth. It's about creating the space necessary in your life to engage and wrestle with some of those bigger, unanswerable questions in the world, whether through religion, solitude, spirituality, meditation. Physical

• 20:02Speaker 08

  wealth is about taking the controllable actions on a daily basis to fight the natural decay and atrophy that your body goes through with aging. It's all about your health and vitality. And then financial wealth, as I talk about it, is what you think of: net worth, money. But with the specific nuance of really focusing in on your definition of enough, what it means to have enough, to wrestle with the idea that your expectations are really your single greatest financial liability. If your expectations rise faster than your assets, you will never feel wealthy.

• 20:37Scott Galloway?

  You talk about this term, or you use the term, a rival fallacy. Why is it important for everyone to understand, and what is it?

• 20:45Speaker 08

  The arrival fallacy is this common psychological phenomenon that we've all experienced in one form or another in our life. It is the idea that we prop up these specific achievements, goals, or destinations as the point when we will feel we have arrived. You know, it could be the promotion, it could be the title, it could be the bonus, the pay raise, whatever the thing is, we tell ourselves that once we get to X, we are going to feel that feeling of happiness and contentment that will be durable. And unfortunately, it is a fallacy, meaning you get to it, you feel that sort of momentary dopamine-infused euphoria, and then you immediately reset to some new arrival that you need, some new height, some new summit.

• 21:28Scott Galloway?

  You also talk a little bit about this term "life razor." What did you mean by that?

• 21:32Speaker 08

  The idea of a life razor is to have a single identity-defining statement or rule that allows you to literally cut through the noise at different points in your life. So, the term razor broadly used is from philosophy, and it's an idea of having a rule of thumb that allows you to simplify decision-making. Occam's razor is kind of the most famous one that most people know. It says that "the simplest possible explanation is often the best one." The idea of a life razor is to have a similar, simple rule that allows you to navigate whatever chaos or opportunities come. It is a statement, say, a single thing that you could say to help you navigate those situations.

• 22:13Speaker 08

  An example would be Mark Randolph, the CEO of Netflix, who often talks about the fact that he had a rule to never skip a Tuesday dinner with his wife. He had a hard rule when he founded Netflix originally, he was the first CEO of the company, that at Tuesday at 5:00 PM, no matter what was happening at the company, he would leave work and go have dinner with his wife. And that was an identity-defining rule, meaning it had ripple effects into every other area. It meant that he created these boundaries in his life, that while he was pursuing all these professional aspirations, navigating the chaos of founding a technology company, he still put his family and his relationships first. That empowered other people to do the same. It had all of these ripple effects in his life.

• 22:55Speaker 08

  And it meant something in terms of how his ideal self showed up in the world. So, having a similar rule like that, that is your life razor. It's that single point of focus that helps you navigate through the chaos in life.

• 23:08Scott Galloway?

  It strikes me when we go back to the different forms of wealth, time, social, mental, physical, and financial, that

• 23:15Scott Galloway?

  You can't have it all. You can have it all, just not at once. And that is, I found that my time, social, mental and physical wealth took a backseat when I was younger in an attempt to establish financial wealth, or at least establish the trajectory. And then once I achieved financial wealth, I was able to go back and work on the previous four. So I don't think anyone's going to argue with you around the different types of wealth as you define them. You know, the trick is finding the balance and knowing when to trade off one for the other. Have you given any thought to the fulcrum between the five of these?

• 23:51Speaker 08

  Absolutely. And exactly what you said relates to something that I talk about and write about often, which is your life has seasons and what you prioritize or focus on during any one season will change. So your twenties and early thirties are an incredible time to focus on building financial wealth because we know compounding, it's going to compound for the rest of our journey. It's a great time to focus there. That being said, the traditional wisdom around these different types of wealth is that they exist on these on off switches and that to turn on financial wealth all the way, you have to turn off the others. And the unfortunate thing with that mindset is that a lot of these things will atrophy and die if you don't invest in them at all.

• 24:33Speaker 08

  You know, it's sort of like thinking about, you know, when you look at a chart of compounding. Yes, you know, 1% per day, everyone likes to show that chart. It gets you to 37x after a year. The unfortunate thing is the negative 1% per day, which effectively zeroes you out after a year. And that is really the risk that people run by living with that on off switch mindset. And so what I like to do, the mindset shift that I talk about in the book is these areas all exist on a dimmer switch. And just because you have one turned all the way up, that might be financial wealth in your twenties and thirties, does not mean the other ones should be turned completely off. You can still do the tiny little investment on a daily basis that compounds positively because anything above zero compounds in the direction that you're heading.

• 25:16Speaker 08

  So if you think about it just tactically, for your relationships as an example, even while you're focusing on your financial wealth and on building your career, sending the one text to your parents to just let them know you were thinking about them, making the phone call, planning that one extra trip, getting together with the old friend for the coffee, or gathering the group for the one annual trip. Those are things that compound positively in that domain that don't take a whole lot of effort. The dimmer switch can be turned down without it zeroing you out.

• 25:43Scott Galloway?

  I really like that. You know, I think about you don't need to call your mom every day. I mean, ideally, you can and should, but if you're working exceptionally hard, if you only have time to call her once a week, that one call becomes much more important and has a higher ROI. I say this because I, in order to achieve financial security, I traded off a lot of those things. And I did try to, you know, be home for dinner, or at least bath time. You know, I'm sound like I'm self-conscious, which I am. But I like the notion that even if you take it down to 10 or 20%, that is infinitely better than taking it, taking it down to zero. Any specific thoughts about managing the relationship with your partner as you're trying

• 26:28Scott Galloway?

  to kind of not go all in, but go mostly in on establishing financial wealth?

• 26:35Speaker 08

  There are similar principles, I would say, to, you're sort of the analog to texting or calling your mom once a week that you can leverage in your romantic relationship. So while you are chasing that purpose of building the big company or going all in on your financial wealth, making sure that you create a regular cadence for proper kind of zoom out conversations with your partner. This entrepreneur named Brad Feld had this concept called the life dinner, which I love. It's the idea of doing a once a month, regular cadence date where you get together to actually talk about some of the bigger picture things in each of your lives and in your relationship. So talk about some of the challenges, some of the opportunities, the things you're excited about, the things you're stressed about, but create a regular cadence around it.

• 27:18Speaker 08

  Because what happens in life is when things get stressful, when you have a young child in the house, or when you're chasing some financial goal, you forget to do that. And so your ongoing communication just becomes this sort of two ships in the night, you know, little things here and there. And you forget to zoom out and talk about some of those bigger picture questions that actually contribute to true growth in a relationship. So I've always thought that was a really helpful framing for thinking about that.

• 27:45Scott Galloway?

  And you talked about, when you were talking about social wealth, you talked about front row people. What was the Harvard Study of Adult Development? And why do you consider it the most impactful study of the of the last 100 years?

• 27:58Speaker 08

  The Harvard Study of Adult Development is this incredible longitudinal study that was conducted over the course of 85 plus years. They followed the lives of 1,300 original participants, plus another 700 or so direct descendants. And what they found was rather remarkable. They found that the single greatest predictor of physical health at age 80 was relationship satisfaction at age 50. It wasn't how their cholesterol was, their blood pressure, it wasn't their smoking or drinking habits. It was how they felt about their relationships that contributed to their healthy aging. So we know scientifically that the strength of our relationships actually determines our health and happiness in our life. And yet, when you ask people what they're investing in on a daily basis,

• 28:42Speaker 08

  relationships are one of the first things that fall by the wayside. We don't think to invest in relationships in the same way that we think to invest in a financial asset. We know putting $100 away in the S and P 500 is going to compound and grow into our future. Exact same principle applies to your relationships, and you need to have that mindset shift to do it. The concept of front row people is a sort of visualization and representation of that fact. This concept of closing your eyes and thinking about, at your own funeral, who are going to be the people that sit down in the front row? Who are those people that occupy that incredibly special cherished space in your life? And are you recognizing those people on a daily basis? Are you showing up for them? Are you being a front row person to someone else?

• 29:27Scott Galloway?

  You also talk about insights that you gathered from couples who have been married 40 plus years. What are some of those insights?

• 29:35Speaker 08

  I love talking to older people about their kind of wisdom from their lives. And the reason I find it so powerful is just because, you know, they have the earned wisdom that none of us have. And so I went and talked to couples that had been married for, you know, 500 total years across all of them. And a few of the ones that I thought jumped out. Number one was never keep score in love. Just the idea of in relationships, living with a quid pro quo mindset is a recipe for disaster. It's not always going to be 50/50 in a relationship. Sometimes it's going to be 90/10. Sometimes it's going to be 10/90.

• 30:17Speaker 08

  But the important thing is that it always adds up to 100. And then one of the other ones that I absolutely loved was just the idea of never involve a non-professional third party in your relationship conflicts. Because you will forget about the thing, but they never will. So telling your mother or mother-in-law, sister, whoever, about the relationship conflict that you are having is often a recipe for a struggle down the line. Because you will hear about it from them a year or two later, even once you've completely moved past the thing.

• 30:50Speaker 08

  We'll be right back.

• 30:55Speaker 00

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• 31:25Speaker 01

  Welcome to Sephora.

• 31:26Speaker 02

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• 31:31Speaker 01

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  Serum moisturizer or moisturizer syrup.

• 31:35Speaker 01

  Let's get into layering. My concealer is making me look worse. Sounds like the wrong shade. Let's get you matched.

• 31:43Speaker 04

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• 31:50Speaker 01

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• 31:52Speaker 02

  Let's get you a basket.

• 31:56Scott Galloway?

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• 32:40Scott Galloway?

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• 33:04Scott Galloway?

  What is earned status? And how is it different from sort of the more traditional views on status?

• 33:09Speaker 08

  Status is an interesting topic because it's very easy to demonize. And at the end of the day, we are status-seeking creatures. And there's actually nothing wrong with that. Status is a very smart way of organizing as a society. And frankly, it has helped us in many ways as humans to navigate all of the changes that we've endured over the thousands of years. The point, though, is you want to chase and play the right kind of status games. The way that we typically think of accumulating status, when you think about status, the way I think about it is what you're looking for is the respect and admiration of others. You want to kind of stack up and have their respect and admiration. The way that people typically today try to do that is through acquired status symbols.

• 33:52Speaker 08

  It's through the watch, it's the car, it's the fancy club membership, it's the expensive bottles of wine. And we think that those are going to confer this lasting respect and admiration upon us. And unfortunately, They don't, you know, otherwise lottery winners would be held in the highest possible regard among society because they have a whole lot of those status symbols. The reality is that real status has to be earned. It is built through these hard-won treasures, these things that require long periods of time to build. Things like a healthy, fit physique, things like deep, meaningful relationships with the people that you love. Things like building a meaningful business, creating a whole bunch of value, creating jobs.

• 34:33Speaker 08

  Those are the things that actually confer upon us the lasting, durable respect and admiration that we want. And so the question in the test that I always try to ask is what I call the bot status test. Before buying something, you ask yourself, would I buy this thing if I couldn't tell anyone about it? If I couldn't take a picture of it, if I couldn't show it to anyone else, would I still want the thing? And usually that'll cut through the noise of whether you're doing it as an attempt at bot status or if it is something that truly provides utility and happiness in your life.

• 35:03Scott Galloway?

  And the part of the book that I think will probably stand out the most to people or be the most read or reread will be you have a list of what you call mental health hacks that you wish you knew at the age of 22. Share some of your favorites.

• 35:16Speaker 08

  Yeah, this is a collaboration with Susan Cain, who is, for those who don't know, an incredible multi-time number one New York Times bestselling author. She wrote the book Quiet, which is one of the most famous books of all time, written about the power of introverts in an extroverted world. And a few of my favorites from that collaboration, number one was, "Your purpose in life does not have to be related to what you do for work. Your purpose in life does not have to be grand or ambitious. Your purpose in life simply has to be yours." And in a lot of ways, this is a statement that has rang true throughout history. If we, if we trace this back in history, the Bhagavad Gita, famous Hindu epic, talks about the idea of Dharma.

• 36:01Speaker 08

  It's the idea of your sacred duty, that is your purpose. And it was that exact statement that it doesn't have to be impressive to anyone else, it just has to be yours. To me, that is such an empowering idea for your mental wealth because you recognize that. You actually don't need to impress others with the things you're doing. You don't need to trying to be impact, you know, a billion lives or do this grand amazing thing, make, make a billion dollars, whatever the thing is. Your purpose could be as simple as providing for the people that you love, showing up in the way that you want to in the world in a way that you feel like you didn't have in your life. That is such a powerful and empowering notion to me.

• 36:37Scott Galloway?

  That is nice. You also talk about the Feynman technique.

• 36:43Speaker 08

  So Richard Feynman was an American theoretical physicist, won the Nobel Prize in, I believe, quantum electrodynamics. And what he was known for was the fact that he was able to simplify complex topics. He was able to teach them in terms that anyone could understand. And that was really the mark of true genius that he had was his ability to do that. The concept of the Feynman technique is that the most powerful way to learn anything is to teach it to others. You cannot teach something to others if you don't truly understand it yourself. And the actual operationalization of this idea is as you were attempting to learn something new, the first thing you need to do is default to trying to teach it to someone else.

• 37:27Speaker 08

  And ideally, teach it to someone else who is uninitiated, sort of explain it to a five year old, if you will. So you're learning a concept, you go try to explain it to someone who doesn't understand that. You will immediately know where there were gaps in your understanding or knowledge, because the other person will expose them through the points where they're getting confused. That ends up being the places where you need to study more, fill in those gaps, and you'll kind of have this natural iterative process between teaching and learning that will lead you to a true depth of understanding on any topic.

• 37:57Scott Galloway?

  What are the three pillars of physical wealth that you break down in your book?

• 38:01Speaker 08

  I talk about the three pillars of physical wealth as movement, nutrition, and recovery. And the reason I think it's so important to identify these pillars is because we live in a social media age where you are bombarded by complex sexy information when it comes to your physical health. You are being convinced that unless you are willing to do the Brian Johnson and spend millions of Dollars a year on your health that you're not going to be able to get healthy. And unfortunately, for a beginner, that type of information is really intimidating and scary. And it actually impedes starting. It it halts you from starting because you view it as such an intimidating pursuit.

• 38:41Speaker 08

  The reality is that level one of the physical wealth video game, if you will, is very, very simple. Across those three pillars, move your body for 30 minutes a day. Don't care if it's walking, jogging, hiking, biking, running, rowing, whatever you like doing. Move your body for 30 minutes a day. Nutrition, eat whole unprocessed foods at 80% of your meals. That's 17 out of 21 meals during the week. And then recovery, just try to sleep seven hours a night. If you can do those three things, you are probably getting at 80% of the value in this domain. And you're getting ahead of the vast majority of people. Very, very simple and super cost effective. You don't have to do the crazy, complex regimen to get there.

• 39:18Scott Galloway?

  Finally, the last type of wealth, financial wealth. What can you or what can people do to build financial wealth? What does the research say about the connection between money and happiness?

• 39:29Speaker 08

  The research on money and happiness is actually rather clear at this point. The numbers vary and you know, we've all seen the famous Kahneman study that said $70,000 a year. Above that, you're no longer getting happier. And it's an old study and it's been disputed in various forms. And you know, more recent things by Matthew Killingsworth have said something more like 200, 300,000. The reality is that all of those numbers are inherently flawed because they are applying an average to the population. And you know, as I think it was Nassim Taleb once said, you should never cross a river if it's four feet deep on average.

• 40:04Speaker 08

  Because in different places, it's going to be much deeper than that. And you know, if you live in New York City, the number is going to be very different than Omaha, Nebraska. The point, though, of all of that research is above a certain level. There are very diminishing returns to incremental money. The incremental happiness gains that you have are going to come from these other types of wealth. And so the pursuit of money that we get patterned into in those early years, where there is a direct correlation between money and happiness, sort of becomes our default setting that we continue chasing. Yeah. Arthur Brooks talks about this as us being sort of like mice and we ring the bell and we think we're going to get the cheese and you pattern that in the early years of your life and then you continue chasing it, thinking that the cheese is going to be there

• 40:46Speaker 08

  later in life, only to realize far too late that it wasn't and that you pursued all of these things, you made all this money, but you have three broken marriages and four kids who don't talk to you. You think you won the game, you got patted on the back the whole way, but you're kind of wondering, was this a game that I really cared to win?

• 41:02Scott Galloway?

  And doing this research, what did you uncover that sort of affected the way you approach your own life?

• 41:08Speaker 08

  I mean, I completely changed my life on this journey. I was chasing the very traditional definitions of success for the first seven years of my career. I was rising through the ranks in the world of investing, a private equity fund, and I had a single conversation with an old friend that fundamentally changed my life. I went out for a drink. He asked me how I was doing and I told him that it had started to get tough living so far away from my parents on the East Coast. I lived 3,000 miles away. They're getting older, health things, things coming up. And he asked how old they were. I said mid 60s. He asked how often I saw them. I said about once a year at that point. And he just looked at me and said, okay, so you're going to see your parents 15 more times before they

• 41:51Speaker 08

  die. And I just remember feeling like I had been punched in the gut. The idea that the amount of time you have left with the people that you love most in the world is that finite and countable just shook me to the core. And within 45 days, my wife and I had sold our house in California. I had left my job and we had moved across the country to live closer to our families. And that was the start of this entire journey because it reminded me of one important fact, which is you are in much more control of your time than you think. That number 15 is now in the hundreds. I see my parents several times a month. They're a huge part of my son, their grandson's life. We spend so much time with our families.

• 42:32Speaker 08

  And that idea that you can actually control time is such an empowering notion. It's such a realization that the way that we've been measuring, the way that we've been measuring our success in these games.

• 42:47Speaker 08

  Can change and you can take action to change it.

• 42:49Scott Galloway?

  Sahil Bloom is an investor, entrepreneur and writer known for his newsletter, The Curiosity Chronicle. He's the owner of SRB Holdings and the managing partner of SRB Ventures, an early-stage investment fund. His debut book, The Five Types of Wealth: A Transformative Guide to Design Your Dream Life, is out next week. He joins us from his home in Westchester, where he is living close to his family. Sahil, really enjoyed this conversation. Thanks for your time today. Thank you for having me.

• 43:29Scott Galloway?

  How's it for happiness? The last question reminded me just how fleeting your time is. There are a couple of these questions in our interview with Sahil. It's just crazy. As you age, time is really asymptotic, or it falls off a cliff. It's kind of going too slow when you're a kid, or it goes too slow when my kids were kids. I thought that was painful when they were babies and toddlers. Then it hits a nice cadence, and then when they hit 12 or 13, it just falls off a cliff. One, they don't want to spend as much time with you, and then all of a sudden it dawns on you that they're going to be gone soon. And I had somebody today ask me, a CNN anchor, I'm going to start a podcast. Can you give me some thoughts?

• 44:12Scott Galloway?

  I'm like, well, the thing I can tell you is the power of now. And that is just between the time it takes to think, to decide you want to do a podcast and all the planning and strategy, cut out most of that and just get a mic, some podcast equipment, hire a producer and start now. And the first one's going to suck and make the second one a little bit better. Just Mr. Beast it. I feel the same way now, and I've gotten so much better at this about now with my kids. Oh, my gosh, I have a weekend alone with my 14-year-old. Let's take the Eurostar to Paris and go see a PSG game. And I'm privileged in that I can afford it, but you know what? It's not that expensive. The hardest part isn't the money.

• 44:54Scott Galloway?

  The hardest stuff is now, like, sure, you can get tickets on the Eurostar that aren't that expensive. You can find an Airbnb. You can get shitty seats. And by the way, the great thing about a 14 year old is there are no shitty seats. I remember getting bad seats to an Arsenal game and I was all pissed off because I think of myself as being important. And my son looked at me and was like, this is amazing. Look at how high up we are. So kids just, kids just want to be with you. They just want to do really crazy things. So if you're living, I don't know, in Buckhead or somewhere and you think, okay, we haven't been to the aquarium in Atlanta. When should we go? We should go now. What are we doing this weekend? Now, yet you are going to look back on these moments and you are going to treasure them. So this is what I want you to do.

• 45:36Scott Galloway?

  I want you to shrink the time in between deciding you'd like to do something and it's a good idea and starting to plan it. And I want you to skip the planning stage and move right to doing it. Would this be fun? Would you like to do this? Well, we're going to do this. When are we going to do this? We're going to do it now.

• 45:54Scott Galloway?

  This episode was produced by Jennifer Sanchez. Our intern is Dan Shalun. Drew Burrows is our technical director. Thank you for listening to the Prop G Pod from the Vox Media Podcast Network. We will catch you on Saturday for No Mercy, No Malice, as read by George Hahn. And please follow our Prop G Markets Pod wherever you get your pods for new episodes every Monday and Thursday.