The Daily Stoic - How To Think About Money

Episode Date: July 9, 2021

“It’s interesting how infrequently money comes up in Meditations. Here was a guy who had incredible wealth, whose predecessors obsessed over it and found it to be a source of both pleasure and conflict, and yet in his private meditations, it hardly comes up at all.”Ryan explains how a Stoic thinks about money.Sign up for the Daily Stoic email: http://DailyStoic.com/signupFollow us: Instagram, Twitter, YouTube, TikTok, and FacebookSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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How to think about money. It's interesting how infrequently money comes up in meditations. Here was a guy who had incredible wealth, whose predecessors obsessed over it, found it to be the source of both pleasure and conflict, yet in his private meditations, it hardly comes up at all. In his actions we see Marcus was conscious of money, though, but primarily as a means to an end, not as an end to itself. He was more interested in what it could do for other people. He declined gifts and inheritances. He gave liberally to the poor. He sold off palace furnishings at Rome's lowest point. But perhaps these attitudes are related because Marcus did not think particularly highly of money

He was comfortable in his ability to be generous. At one point He told the Senate that he did not regard himself in possession of any of his wealth Belongs to the people he said even the house I live in is not mine. There can be virtue in frugality. Client these seem to be an incredibly hard worker, a manual labor in OLS, who spent little of what he earned. But frugality and diligence with money can also be a vice. It makes finances loom too large in our lives, makes us throw good time after bad. After all, it's not just enough to earn money, but we have to manage it and make it grow.

We can come to identify with the fruits of our labor and our success, which makes it hard to spend, even on necessary things, hard to be generous, hard to share. Money isn't rare. There's nothing precious about precious stones. It's all incredibly common. Most of the people who have it are not impressive. Most of the great fortunes are, in fact, the opposite of great. The way to think about money is as a tool and what did the Stoics use their tools for to do good, to get better, to make the world better. We can all do the same. Thanks so much for listening to the Daily Stoke podcast. Again, if you don't know this, you can get these delivered to you via email every day, So check it out dailystoke.com slash email.

Hey, prime members. You can listen to the daily stoic early and ad free on Amazon music. Download the Amazon music app today, or you can listen early and ad free with Wondery Plus in Apple podcasts. from the ground up. Guy has sat down with hundreds of founders behind well-known companies like Headspace, Manduka Yoga Mats, Soul Cycle, and Kodopaxi, as well as entrepreneurs working to solve some of the biggest problems of our time, like developing technology that pulls energy from the ground to heat in cool homes, or even figuring out how to make drinking water from air and sunlight. Together, they discussed their entire journey from day one, and all the skills they had to learn along the way, like confronting big challenges, and how to lead through uncertainty.

So if you want to get inspired and learn how to think like an entrepreneur, check out how I built this, wherever you get your podcasts. You can listen early and add free on the Amazon or Wonder yet. podcasts. You can listen early and add free on the Amazon or Wonder yet.