The 5 Types of Wealth: A Transformative Guide to Design Your Dream Life
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Space is as simple as finding your version of Rockefeller’s garden—an escape where you can slow down and breathe new air in your life.
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There’s zero correlation between being the best talker and having the best ideas.
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We know from myths and fairy tales that there are many different kinds of powers in this world. One child is given a lightsaber, another a wizard’s education. The trick is not to amass all the different kinds of power but to use well the kind you’ve been granted.
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Reflecting on the past is a good way to fuel your growth, but dwelling on the past is a good way to inhibit it. Most people are inclined to either reflection or action. But we all need some of both.
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Neuroplasticity suggests that experiences can fundamentally alter the structure and function of your brain. Your actions and movements can shape your physical, mental, and sp...
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If you want to get better at anything, do it for thirty minutes per day for thirty straight days. It’s easy to over-engineer progress; a little dedicated effort each day is all you need. Nine hundred minutes of accumulated effort is enough for you to make dramatic improvements in literally anything.
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We put too much of a premium on presenting and not enough on substance and critical thinking.
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When you’re trying to learn something new, attempt to teach it to a friend or family member. See what questions they ask and how those questions expose the gaps in your knowledge. Study more to fill in those gaps. The act of teaching is the most powerful form of learning.
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Stop trying to remember things and just write everything down. Use your phone notes app—or, better yet, carry a small pocket notebook and pen. The old-fashioned way still works wonders.
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Write down three things you’re grateful for every single night before you go to bed. Say one of them out loud every single morning when you wake up.
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You may read thousands of books in your life, but there will be only a few that deeply change you. Reread them every single year. Your experience with the book will change as you do—you’ll get new perspectives. And doing this will remind you of how you can fall in love with the same thing (or person) over and over again.
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The disciplined pursuit of a life of Physical Wealth is a catalyst for growth: It initiates a mindset shift—it reminds you that you are in control, that you have the power. That mindset shift creates ripples that extend well beyond the core to every area of life.
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“A lot of people put off building Physical Wealth thinking that they can do that after they’ve made it, but it just doesn’t work that way. Any kind of wealth takes time and compounding to build, and the control you assume via building Physical Wealth is a catalyst and reminder of the control you have over every other area of your life.”
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episodic future thinking (EFT for short), cements an imagined future in your memory, meaning you can return to this “memory” and use its lessons to make changes or decisions in the present.
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“Treat your body like a house you have to live in for another seventy years.”
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With a body, just as with a home, if you take care of it today, it will take care of you for years to come.
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The Pareto principle—more informally called the 80/20 rule—refers to the idea that 80 percent of outcomes come from 20 percent of causes. It originated with Vilfredo Pareto, an Italian economist who observed that 80 percent of the land in his native Italy was owned by just 20 percent of the population. When he later noticed that 80 percent of the peas in his garden came from just 20 percent of the pea pods, Pareto hypothesized that this was something of a “magic” distribution in nature. Put simply, the 80/20 rule says that a small number of inputs drive most of the outputs.
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The market around the entire health and wellness space follows this rule: Most of the results are driven by a few simple inputs—completing basic daily movement, consuming whole, unprocessed foods, and prioritizing sleep and recovery.
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the three controllable pillars of Physical Wealth: Movement: Daily body movement through a combination of cardiovascular exercise and resistance training; activities to promote stability and flexibility Nutrition: Consumption of primarily whole, unprocessed foods to meet major nutrient needs, supplementing as necessary to meet any micronutrient needs Recovery: High-quality, consistent sleep performance and other recovery-promoting activities
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people who followed minimum guidelines for physical activity (moderate-intensity activity for 150 to 300 minutes per week or vigorous-intensity activity for 75 to 150 minutes per week) reduced their risk of early death by up to 21 percent; those who exercised two to four times these minimum levels lowered their risk by up to 31 percent.[9]
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The two types of cardiovascular training to understand: Aerobic: Low intensity; relies on the oxygen you breathe to sustain activity Anaerobic: High intensity; relies on the breakdown of sugars to sustain activity
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Level 3: Move your body for at least thirty minutes per day; engage in three or more cardiovascular training sessions per week (for a total of at least 120 minutes of aerobic training and 20 minutes of anaerobic training) and at least three resistance-training sessions per week incorporating stability and flexibility training.
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Every single day that you delay is a missed opportunity that you’ll never get back. The present and future you imagine are within reach—but only if you take action now.
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Two basic rules that everyone should follow with respect to macros: Prioritize protein: Protein is essential for all body functions, but many under-consume it. Have a solid source of protein at every single meal. Focus on cleanliness of source: Rather than adopting a dogmatic view on the specific balance of the different macronutrients, focus on the cleanliness of the sources of macronutrients. This means getting the macronutrients from primarily whole, unprocessed sources (foods in their natural state that have not been modified or had synthetic ingredients added to them). A good rule of ...more
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Micronutrients are the vitamins and minerals that are essential to healthy body functioning, disease prevention, and overall well-being but are needed in much smaller quantities than macronutrients. This includes iron, vitamin A, vitamin D, iodine, folate, and zinc, among others. Micronutrients cannot be created in the body, so they must be consumed through diet or supplements.
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The National Academy of Medicine recommends a baseline of thirteen cups (about three liters) of fluid per day for men
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Level 3: Eat whole, unprocessed foods 95 percent of the time. Prioritize daily protein intake (about 0.8 grams of protein per pound of body weight) and overall macronutrient consumption. Supplement as necessary with key micronutrients for a well-rounded nutrition profile. Get the recommended amounts of fluid.
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You can find a tracking template at the5typesofwealth.com/​tracker.
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“I’ve got something he can never have…the knowledge that I’ve got enough.”
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Hedonic adaptation—that biological predisposition to return to a baseline after positive events—means that no financial win ever quite satiates.
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It isn’t what a man has that constitutes wealth. No—it is to be satisfied with what one has; that is wealth.”[1]
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The chase for more is societally celebrated, while the contentment with enough is easily misunderstood as a lack of ambition. The worthiness of your life is not established by the numbers on your bank or brokerage statement, and it never will be. You set the terms of your own pursuit. You define the rules of your game.
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The solution to your quest for more: defining and embracing the beauty of your enough.
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“A gold medal is a wonderful thing, but if you’re not enough without it, you’ll never be enough with it.”
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Financial Wealth is built on three pillars: Income generation: Create stable, growing income through primary employment, secondary employment, and passive streams Expense management: Manage expenses so that they are reliably below your income level and grow at a slower rate Long-term investment: Invest the difference between your income and expenses in long-term, efficient, low-cost assets that compound effectively
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the basic tenets of expense management: Create (and stick to) a budget: Plan your monthly expenses and track your performance against them. Automate the savings and ensure you have a rainy-day fund that will cover about six months of expenses to cushion against any unexpected turbulence. Manage expectations: The greatest risk on your journey to financial independence is expectation inflation, often referred to as lifestyle creep. Never allow your expectations to grow faster than your income.
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The best time to start was twenty years ago; the second best time is today.
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Measure for the war and you’ll never lose sight of it amid the chaos of the battles.
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