The Stoic Path to Wealth with Darius Foroux
Darius Foroux is an investor, entrepreneur, blogger, podcast host, and writer in the personal development and personal finance space. He is an author and creator of 8 online courses and books focusing on productivity, Stoicism, and wealth building. He has over 281,000 Medium subscribers, 140,000 email newsletter subscribers, and his blog posts have been read by 30 million individual visitors. His work has appeared in TIME, NBC, Fast Company, The Economist, Vox, Inc., Observer, and many more publications.
Today, Darius Foroux shares his personal journey, including his upbringing in a tight-knit family that valued togetherness and mutual support. He reflects on the lessons learned from his parents, particularly the emphasis on family unity and the importance of prioritizing the group over individual desires. This foundation, he explains, has been crucial in shaping his approach to life and finances.
The conversation then shifts to the core of Darius Foroux's book, where he outlines how Stoicism can help us build wealth. He discusses the significance of managing emotions, maintaining a long-term perspective, and focusing on what we can control—our skills and habits. Darius emphasizes the importance of investing in oneself, not just financially but also in terms of personal development and building a strong network. He also shares his own investment strategy, which involves consistently investing in the S&P 500 index fund, and how this approach aligns with Stoic principles by promoting patience and discipline.
Finally, Darius Foroux and Larry touch on the concept of accepting loss and the dangers of greed. Darius explains that by adopting a mindset that prioritizes contentment over the relentless pursuit of more, we can achieve greater happiness and stability. This episode is packed with valuable insights and practical advice for anyone looking to navigate the complexities of financial markets with a Stoic edge. Whether you're a seasoned investor or just starting out, the lessons shared in this episode will help you build a solid foundation for enduring prosperity.
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