449: The Stoic Path to Wealth with Darius Foroux
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 22 July 2024
⏱️ 64 minutes
🧾️ Download transcript
Summary
Today, I'm speaking with Darius Foroux. Darius's work has been featured in Time, NBC, the Observer, and the Economist. He's also the host of The Darius Foroux Show: Mindset, Business, Money, which is available on all podcast platforms. Darius teaches online classes on wealth building and has written eight books, including his newest work, The Stoic Path to Wealth: Ancient Wisdom for Enduring Prosperity.
In his new book, Darius applies ancient wisdom to the chaos of the modern-day market. He investigates how discipline, emotional distance, and self-mastery–techniques passed down over thousands of years–give us the tools to live better financial lives and weather economic storms today.
In this conversation, we explore how his experience as an immigrant helped shape his financial philosophy, why Stoicism is so uniquely suited to making sense of modern-day problems, and the beauty of staying on this path to build a purposeful life and legacy.
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In this podcast interview, you'll learn:
- How moving from Iran to the Netherlands as a young child with almost no possessions helped him to achieve financial success on his own terms.
- Why Stoicism gives people a clear vision for building long-term wealth.
- What happened when Darius made the decision to become a writer–and how this high-risk bet ended up paying off.
- The four pillars of Seneca's life that you can use to shape a beautiful retirement and legacy.
- Why it's so hard to define what "enough" is, to find contentment, and avoid shiny object syndrome.
- The power of creating a "non-attachment" to your money as part of a winning investing strategy.
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Show Notes: Howardbailey.com/449
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Transcript
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| 0:00.0 | If there's anything that Stoicism does really well, it's to remind us that no matter where you are in life, there's always a way that you can contribute to society. |
| 0:11.3 | And I think that's one of the most beautiful lessons from Stoicism. |
| 0:38.2 | Hey, I'm Casey Weeb. Welcome to the podcast, and it is my mission here to deliver clarity and purpose and elevate meaning in your life. But if you're new to the show, I want you to know what to expect. How do we accomplish this? We accomplish this both through financial and non-financial related conversations all around that topic of retirement. Pre-retirement, retirement, we cover a litany |
| 0:44.9 | of different topics. Every Friday, we get together with you in a short form episode. And we talk |
| 0:50.0 | about a trending topic. Those trending topics often, and most of the time, they come from our |
| 0:55.1 | weekend reading for retirees email. That's an email that hits your inbox every single Friday, |
| 1:00.1 | and we deliver to you four articles on trending topics with summaries and takeaways for myself. |
| 1:05.2 | I hope you get this resource, like over 10,000 people across the world have done already because not only are you |
| 1:12.9 | going to get all of those articles, all of those emails, but you're also going to get all kinds |
| 1:17.4 | of other great resources, free webinars, white papers, book giveaways, and more. To get yourself |
| 1:23.0 | signed up, just shoot us a text with the key letters, WR, to 8 866-482-95-59. We'll send you a link to get |
| 1:30.8 | yourself signed up. And then, like what we're doing today, we periodically get together with |
| 1:36.6 | some world-class guests. We bring these people to you from all over the world, a variety of |
| 1:41.3 | different disciplines. And today we're going to be doing that same thing in more of a long-form interview format. |
| 1:48.1 | Today we have with us, Darius Peru. |
| 1:51.0 | Darius was born in Tehran, Iran, during the height of the war with Iraq in 1987, moved to the Netherlands, still lives there today. |
| 1:59.8 | And you may recognize his name due to his |
| 2:02.9 | blog, where over 30 million people have covered his articles. He is a creator of that self-titled |
| 2:09.3 | blog. So if you want to find Darius's blog, just type in his name. Darius Faroe. You can also |
| 2:15.1 | find a link in the description here today. You've probably seen, |
| 2:19.2 | if you are a weekend reading subscriber, a lot of his articles, blog posts showing up in our |
| 2:24.7 | weekly email because he's published over 450 articles. This is one of my favorite blogs. |
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