Ryan's Personal Reboot: 5 Types of Wealth with Sahil Bloom
Episode publishedPodcast: BanklessBankless
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Welcome to Bankless, where today we explore the frontier of wealth. This is Ryan Sean Adams. It's just me today. I'm here to help you become more bankless. So today's episode is kinda personal. I, did this episode for myself, but also in hopes that it will help the entire bankless community. Maybe my story will help some of you guys if you're grind addicted overachievers like myself. Some context for this. At the January, some of you may know that I took a sabbatical. After five years swimming in the crypto media ocean and another public lynching, I realized I was feeling kind of cooked. Somet
I'm glad that it hit you at the right time. It is it's one of those funny things in life that I have found that sometimes you can hear a message a 100 times, but for it to really create an impact and a chain reaction and a ripple, it needs to hit you in the right moment. One of the things I often think about is the fact that awareness is perishable. And what I mean by that is it's not enough to know something in the abstract sense. You need to know it at the moment when it counts. You need to know it at the testing point. Right? And so, you know, people often say, like, well, I already know th
Yeah. There was also an opportunity to apply it. Like, the book is very practical. It's not just knowledge, but it's also, like, implementing systems in your life. And so I had time and space to actually implement some of these systems. But let let let's hope we meet some of the bankless audience at kind of the right time with this message because I think it's pretty important for investors, for people in the crypto community. The core element of the book is how we measure wealth. And I wanna begin with this question. How do you think most people measure wealth today, and where do they go wron
pretty simple. Money. You know, look. Historically, our scoreboard, if you will, for our entire lives has been money. You you may factor in other things, you may think about other things, but at the end of the day, when you walk into a room and you're trying to create a hierarchy among the people that are in there, you're trying to stack yourself up, you're trying to measure your entire worth as a human being, How do you do it? It's around this one figure. It's around your net worth, you know, the amount of money that you have or that you make. And my big call to action around this entire idea
Yeah. That makes a lot of sense. I I think people investors and and people in crypto, their scoreboard is often their net worth. In in particular, you check prices and you look at net worth on almost a a daily basis. The entire Bankless podcast was sort of based on this concept of, freedom and freedom through growing your crypto net worth, essentially. And, like, one of the things I've realized like, I knew this, but I also re realized during my my hiatus period of time was I was actually measuring wealth in a myopic way. So if the purpose of this podcast is freedom and freedom equals just net
there's really two sides to this. The traditional logic is exactly what you said, which is look. It's it's Maslow's hierarchy of needs. In the early days, money directly buys happiness. Anyone that tells you otherwise is just flat out lying to you. I'm never gonna say money doesn't matter because it does. We know that. We've experienced that in our own lives, or we've seen it where it reduces fundamental stresses and burdens. In a way, what money actually does is it doesn't buy happiness, it reduces unhappiness. And so you remove those things that were making you unhappy, the stresses, the bur
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