What I’m Learning from The 5 Types of Wealth

I'm currently reading Sahil Bloom’s new book, The 5 Types of Wealth, and it’s packed with insights! One key takeaway so far is his three core principles of effective delegation (page 109).

1. Appropriate Task Profiling

Before delegating, consider two things: risk (what happens if it goes wrong?) and reversibility (how easy is it to fix?).

• Low-risk, high-reversibility tasks → delegate freely with minimal oversight.

• High-risk, low-reversibility tasks → only delegate with significant oversight.

2. Clear Expectations

Set clear deliverables, timelines, feedback loops, and risk profiles. A key tip I often forget:

Always ask the person to repeat back the expectations in their own words before proceeding.

So many business headaches could have been avoided if I had followed this one simple step!

3. Infinite Feedback Loops

The goal isn’t just to delegate but to refine the process. Increase the cadence of discussions around:

• What’s working?

• What’s missing?

• How can we improve?

Sahil also introduces his Hierarchy of Delegation, a roadmap for structuring delegation within any organization. I’m still digging into that section, but so far, this book has been a goldmine for leadership and efficiency.

Have you read it yet? Would love to hear your thoughts!