Tag: finance

  • Beyond the Bank Account: Redefining Success Through the 5 Types of Wealth

    Beyond the Bank Account: Redefining Success Through the 5 Types of Wealth

    Most of us are tracking one number — money — while quietly losing ground everywhere else. Time evaporates. Friendships go into maintenance mode. Health gets deprioritized until it forces its way back onto the list. And the money number, even when it goes up, somehow never feels like enough.

    Sahil Bloom’s book The 5 Types of Wealth puts a name to this problem and offers a more useful framework. The argument is simple: financial wealth is one piece of a much larger picture, and optimizing only for it is a good way to win the wrong game.

    Here’s how he breaks it down.

    Time

    This is the one you can’t get back. Bloom points out something genuinely uncomfortable: by the time most of us are adults, we’ve already spent the majority of the time we’ll ever have with our parents and siblings. It’s a rough piece of math. The goal isn’t to have more time — it’s to have control over how you use it.

    Relationships

    The Harvard Study of Adult Development tracked people for decades and landed on a clear finding: the quality of your relationships is the single biggest predictor of health and happiness as you age. Not income, not status — relationships. Bloom’s useful framing here is the “front-row people” — the ones who show up when it actually matters. Those are the relationships worth protecting.

    Mental Wealth

    This is about staying curious and having a sense of purpose rather than settling into a comfortable but flat routine. High curiosity correlates with better cognitive health, lower anxiety, and higher life satisfaction. It also means having a growth mindset — believing your abilities are something you develop, not something fixed.

    Physical Health

    Bloom’s line here is worth keeping: treat your body like a house you have to live in for another seventy years. Exercise is the most powerful single thing we have to slow physical decline. You don’t need a complicated protocol — consistent movement, decent food most of the time, and enough sleep covers most of it.

    Money

    It’s still in the framework, but it’s in its proper place — as an enabler, not the destination. The useful concept here is defining your “enough” — figuring out what level of financial stability actually lets you live the life you want, instead of just chasing more indefinitely. Lifestyle creep is real, compounding is real, and the gap between the two matters a lot.

    The point isn’t that money doesn’t matter. It’s that a life where you’re winning financially but losing everywhere else isn’t actually a win. I’ve seen it and I suspect you have too.

    The book goes deeper on each of these with practical exercises for figuring out where you actually stand. Worth reading if this framing resonates with you.

  • The Marketplace Hunter: Why I Stopped Buying Everything New

    The Marketplace Hunter: Why I Stopped Buying Everything New

    We live in a “one-click” world. Want something? Go to a website, hit a button, and it shows up at your door two days later. It’s convenient. It’s also the most expensive way to live.

    I’ve learned that with a little patience and a bit of hunting — on Facebook Marketplace, at garage sales, in the classified ads — you can save thousands of dollars and often end up with better stuff than you could afford new. This isn’t about being cheap. It’s about being smart.

    The $1,000 Mistake That Started It All

    I learned this the hard way.

    I really wanted a Torque Fitness Tank — an elite piece of gym equipment. I paid roughly $1,500 for it brand new. My logic was airtight (I thought): “There’s no way someone would sell this used. It’s too cool. Nobody would ever part with it.”

    Less than six months later, I saw the exact same model on Facebook Marketplace for $500.

    That was a $1,000 lesson in humility. I had assumed that because I valued something, the rest of the world would too. But people move. They lose interest. They need the space. Someone else’s “I need this gone by Saturday” is your golden opportunity.

    The Hunt in Action

    After that wake-up call, I started hunting instead of buying.

    I wanted a functional trainer — the kind of cable machine you see in commercial gyms. My budget was $2,000. Nothing new was in that price range, if I spent a few hundred more dollars I could get something good, but not great. So I waited.

    I didn’t find a deal on day one. But I kept checking. Eventually, a Freemotion Functional Trainer appeared — a commercial-grade unit that belongs in a high-end gym. New price: over $8,500. Asking price: $2,000. It was incredibly heavy and a total pain to move, but I now own a “forever” piece of equipment for less than the price of a budget model.

    The Marketplace also gave me a Cornelius keg for $5 (they sell new for $60+) and a high-end air purifier for $20 (that model retails for over $800). The hunt works for almost anything if you’re willing to look and wait.

    It Scales Up: The Smart Car Buyer

    Here’s where the mindset really proves itself — cars.

    The frugal, financially savvy car buyer doesn’t walk into a dealership and sign up for a five-year loan on a shiny new vehicle. They look for a solid used car, pay cash (or as close to it as possible), and drive off without a monthly payment hanging over them. Some go even further: a car with a reconstructed title — one that was previously declared a total loss but has been repaired — can sell for dramatically less than its market value. Yes, there’s more due diligence required. Yes, you need a good mechanic to inspect it. But for someone who knows what they’re looking at, a reconstructed title car can be one of the best deals on the road.

    The principle is the same whether you’re buying a kettlebell or a car: the market misprices things all the time, and patience is how you take advantage of it.

    Think Like an Investor

    The best way I can describe the Marketplace Hunter mindset is this: think like a good investor.

    When a fundamentally strong company hits a rough patch and its stock drops, inexperienced investors panic and sell. The experienced investor looks at that same drop and sees a sale. The company didn’t get worse — the price just got better. They buy more.

    The Marketplace is the same game. A great piece of equipment doesn’t become worse equipment because someone needs to move it out of their garage. A well-maintained car doesn’t lose its quality because it has some cosmetic damage and a complicated title. The underlying value is still there — the price just dropped. Your job is to recognize the difference between something that got cheaper and something that got worse.

    Most people can’t make that distinction. That’s what creates the opportunity for those who can.

    The Rules of the Hunt

    This isn’t all sunshine and low prices. To hunt well, you need three things:

    1. Inspect before you buy. People sometimes sell things cheap because they’re broken or don’t work quite right. Poke it, plug it in, test it before you hand over any cash. Assume nothing works until you confirm it does.

    2. The handy advantage. If you know how to fix things, or can use YouTube and/or AI to help you know how to fix things, you can unlock deals that are basically steals. A “broken” item is often a five-minute fix for someone who isn’t afraid of getting their hands dirty and a little bit of work. The more capable you are, the cheaper the world gets.

    3. Patience is key. You can’t need it today. If you need something immediately, you will pay full price — that’s the tax on impatience. But if you can wait a week, a month, or longer, the right deal will surface. Every hunter knows: the prey comes to you eventually.

    The Bottom Line

    Buying used isn’t just about saving money — though it does save you a lot of money. It’s a mindset shift. You stop being a passive consumer reacting to whatever’s in your cart and start being an active participant who controls what things cost you.

    The investor buys when others panic. The smart car buyer pays cash for what others overlook. The Marketplace Hunter gets the $8,500 machine for $2,000.

    Next time you’re about to click “Buy it Now,” take a breath. Check the Marketplace first. The best version of what you want might be sitting in a garage five miles away — and the person selling it just wants it gone by the weekend.

    Disclaimer (Please Read): Nothing in this article is financial, legal, or mechanical advice. I am just a person on the internet who bought a large piece of gym equipment and felt good about it. If you get financial, legal, or mechanical advice advice from that kind of person maybe you should reflect on your life choices. If you buy a car with a reconstructed title and it falls apart, a stock and it goes to zero, or a “lightly used” air purifier that turns out to be a humidifier from 2003 — that’s on you. Do your own research, talk to actual professionals, and inspect everything before handing over your hard-earned cash. I am not liable for your decisions. I am, however, rooting for you and wish you the best.