Sahil Bloom: The “X Factor” for Financial Freedom and Why FIRE Won’t Make You Happy

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 4 February 2025

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Do we focus too much on just one type of wealth? What if the key to a happy life isn’t retiring early, ascending the corporate ladder, or having more money than you know what to do with? Serial entrepreneur Sahil Bloom spent years chasing money, only to find that it didn’t provide happiness—it robbed him of it. Find yourself in the same boat? This episode is for you! Welcome back to the BiggerPockets Money podcast! Today, Sahil joins the show to discuss the core concepts from his latest book, The 5 Types of Wealth. Many FIRE-focused folks believe that financial wealth unlocks time, social, mental, and physical wealth, but Sahil is living proof that this isn’t the case. In this episode, he shares about his own journey from financial illiteracy to financial independence, the different levers he pulled along the way, and how he was able to dig himself out of a rut that was slowly destroying his life. Whether you’re stuck on the happiness hamster wheel, burned out at your nine-to-five job, or lacking in any area beyond money, you’re not alone! Sahil will show you the “x factor” that leads to financial freedom, the best and most scalable side hustles to start, and how to transition from your W2 to entrepreneurship! In This Episode We Cover The five types of wealth explained (and why you shouldn’t focus on just one!) The “x factor” that catapults you from a decent living to financial freedom Why increasing your income is more important than controlling your expenses The number one thing the FIRE community gets wrong about building wealth How anyone can start (and scale) their own online business in 2025 Steps every person must take to lay a strong financial foundation The “safety net” you need when moving from stable W2 income to entrepreneurship And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE Email Mindy: [email protected] Email Scott: [email protected] BiggerPockets Money Facebook Group The 5 Types of Wealth Sahil’s Instagram Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations Buy the Book “Pillars of Wealth” Find an Investor-Friendly Agent in Your Area How to Build, Grow, Scale, & SELL Your Online Business (00:00) Intro (01:02) Sahil’s Money Journey (03:18) Building a Financial Foundation (13:29) Leaving the Fund & Moving Home (21:43) The “Scalability” of the Internet (28:09) Structuring His Company (33:18) The 3 Pillars of Financial Wealth (39:09) Riding Out the Market (43:40) The 5 Types of Wealth (46:08) Connect with Sahil! (47:03) Build “Well-Rounded” Wealth! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-604 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We are so excited to have Sawhill Bloom on the podcast today. To achieve FI and actually retire early,
0:07.1	you often need to have an X factor, increased income, starting a side business, a side hustle,
0:12.7	a real estate portfolio, something that makes you stand up. Well, Sawhill not only started his
0:18.1	own business, but also created several diversified income streams
0:22.4	that were instrumental in allowing him to hit financial independence.
0:26.4	But what's most important?
0:27.9	A healthy mindset along the way.
0:29.8	After all, there is so much more to being wealthy than just the numbers.
0:33.7	Hello, hello, hello, and welcome to the Bigger Pockets Money podcast.
0:36.7	My name is Mindy Jensen,
0:37.9	and with me as always is my X Factor co-host, Scott Trench. Oh, thanks, Mindy. It's great to be here.
0:43.1	You always bring the Y. Bigger Pockets has a goal of creating one million millionaires. You're in the
0:47.4	right place if you want to get your financial house in order because we truly believe financial freedom is attainable for everyone, no matter when or where you're starting, or whether or not you found that X factor already.
0:56.6	Sahil, thank you so much for joining the Bigger Pockets Money podcast today.
1:00.0	We're so excited to have you.
1:01.1	Thank you for having me.
1:01.9	I'm thrilled to be here.
1:02.8	Awesome.
1:03.2	Could you start us off with where your financial journey, your journey with money begins?
1:07.9	Oh, man. I think the most important thing for me to get across is that I do not come
1:14.8	from a family where financial independence or money was really a topic that we talked about.
1:21.9	You know, my dad is a professor. He's been a professor his entire life, was on the academic track, very safe, stable career
	...

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