157: 30 Dinners Left - Why Money Isn't Wealth

About this episode

Wes Read explores the concept of wealth beyond financial success, introducing a framework that includes multiple dimensions of wealth.

Most dentists are hitting their financial goals and still feel like something is missing. In this episode, Wes Read (CPA, CFP, and founder of Practice CFO) steps back from the balance sheet to ask a bigger question: what does wealth actually mean? Kicking off a new multi-episode series, Wes introduces the book The 5 Types of Wealth by Sahil Bloom, a framework that redefines wealth across five dimensions and challenges high-earning, time-poor practice owners to intentionally design the lives they keep deferring. What You’ll Learn Why financial success and true wealth are not the same thing The five types of wealth: time, social, mental, physical, and financial The “arrival fallacy” is why reaching your goals won’t create the satisfaction you’re expecting How to break the cycle of marginal thinking and start building your designed life The math exercise that changed Sahil Bloom’s life and Wes’s Why dentists in particular are vulnerable to being rich on one dimension and bankrupt on the others Three questions to take inventory of your own wealth right now Three action items to start this week Key Takeaways Financial wealth is one of the five. Time wealth, social wealth, mental…

People in this episode

Host: Wes Read

Topics covered

• wealth definition
• financial success
• types of wealth
• arrival fallacy
• dentist financial health

Keywords

• wealth
• financial goals
• types of wealth
• arrival fallacy
• dentists
• life design
• financial health

Mentioned in this episode

Organizations: Practice CFO

Books & works: The 5 Types of Wealth

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