Do You Have This Kind of Clarity?
The Daily Stoic
Daily Stoic | Backyard Ventures
4.5 • 5.3K Ratings
🗓️ 17 May 2023
⏱️ 5 minutes
🧾️ Download transcript
Summary
Warren Buffett, whose net worth is north of $100 billion, lives in the same house he bought in 1958 for $31,500. The NFL lineman turned mathematician John Urschel is worth millions but manages to live on $25,000 a year. Well past signing a $94 million dollar contract, the NBA star Kawhi Leonard drove the 1997 Chevy Tahoe he had since he was a teenager.
Cato, who came from a wealthy and powerful family, walked around bareheaded and barefooted and generally abstained from unnecessary luxuries. He could have afforded to do otherwise, he chose not to. “Nothing is cheap,” his great-grandfather had famously said, “if it is superfluous.”
Some might say these men were just cheap, but that’s too simple and too unfair.
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Transcript
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| 0:00.0 | Hey, prime members, you can listen to the Daily Stoodle Podcast early and add free on Amazon music. Download the app today. |
| 0:10.6 | Welcome to the Daily Stoodle Podcast where each day we bring you a passage of ancient wisdom designed to help you find strength, insight, and wisdom every day life. |
| 0:20.2 | Each one of these passages is based on the 2000 year old philosophy that has guided some of history's greatest men and women. |
| 0:27.2 | For more, you can visit us dailystoodle.com. |
| 0:36.2 | Do you have this kind of clarity? |
| 0:40.2 | Warren Buffett, whose net worth is north of $100 billion lives in the same house that he bought in 1958 for $31,000. |
| 0:49.2 | The NFL lineman turned mathematician John Urschel is worth millions but manages to live on 25 grand a year. |
| 0:55.2 | Well-passed signing, a very large contract, the NBA star Kauai Leonard drove the 1997 Chevy Tahoe that he had since he was a teenager. |
| 1:05.2 | Kato, who came from a wealthy and powerful family, walked around bare-headed and bare-footed and generally abstained from unnecessary luxuries. |
| 1:13.2 | He could have afforded to do otherwise, but he chose not to. |
| 1:17.2 | Nothing is cheap, his great grandfather had famously said, if it is superfluous. |
| 1:23.2 | Some might say that these men were just cheap, but that's too simple and too unfair. |
| 1:28.2 | These successful people didn't get where they are by accident. Their success is the result of prioritizing. |
| 1:35.2 | The things that are important to them are cheap, the rest of what they earn is extra. They don't turn that extra down, of course. |
| 1:43.2 | They just keep their head down, they do what they do, and the result is that wealth grows in compounds. |
| 1:48.2 | They add to it with the work they do, they also invest it sensibly, they let time do its work on it. |
| 1:57.2 | And this kind of clarity about what they love most in the world, about what actually moves the needle in the world, this means they can enjoy their lives. |
| 2:06.2 | And through even the ups and downs of the markets and athletics and politics, they are rich in all senses of the word. |
| 2:14.2 | Don't you deserve that, isn't that what you are actually after? It's got to be. |
| 2:19.2 | Well, this kind of clarity through prioritization and smart decisions and discipline is one of the things I hope you'll come away with in our new course, The Wealthy Stoic, |
| 2:30.2 | a daily stoic guide to being rich and free and happy. Over the next nine weeks, it's one of our longest course. |
| 2:35.2 | It's like our great leadership course that people have loved. There's a bunch of emails every week, nearly a book's worth of content. |
... |
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