The Stoic Path to Wealth with Darius Foroux
The Dad Edge Podcast
Larry Hagner
4.8 • 1.6K Ratings
🗓️ 19 July 2024
⏱️ 65 minutes
🧾️ Download transcript
Summary
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.
The Stoic Path to Wealth Book | Instagram
Transcript
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| 0:00.0 | True wealth lies not in the abundance of possessions, but in the mastery of our desires and the cultivation of a resilient mindset. |
| 0:08.0 | By embracing stoic principles, we build a foundation of inner strength and wisdom that guides our financial decisions, |
| 0:15.5 | ensuring lasting prosperity and peace. |
| 0:19.3 | That quote is perfect for today's podcast. |
| 0:21.6 | I know you guys will get a lot out of today's show. As we dive |
| 0:25.2 | into further down the rabbit hole of economic strife and craziness and stress, it's a good mindset that keeps us centered, especially when we're investing |
| 0:36.2 | in our futures. |
| 0:39.4 | Welcome to the Dad Edge Podcast. |
| 0:41.9 | The Dad Edge Movement creates leaders of men, |
| 0:45.0 | leaders of families, and leaders of communities. |
| 0:48.0 | We will not only impact this generation of fathers, |
| 0:50.0 | but the next generation as well. The kids we are raising will have |
| 0:54.5 | better chances and odds stacked in their favor because of the amazing example |
| 0:58.4 | that their fathers emulated for them. We are here to change the world. We are here to change relationships. We are |
| 1:06.2 | here to positively disrupt this generation of fathers so no man goes to their grave |
| 1:11.0 | with regret. We disrupt the drift of busyness and replace it with |
| 1:15.4 | razor-focused intention, passion, purpose, and direction. We are the dad edge and we're here to the financial markets, our economy, |
| 1:47.0 | inflation, job losses, there's a lot of stress out there that has our attention and we're seeing this in our community. We're seeing this everywhere |
| 1:56.9 | But if you really look at human history, what we're going through right now is we see this all the time. I remember back in the mid 80s I was having a |
| 2:06.8 | conversation with my father about interest rates and how interest rates for |
| 2:10.9 | homes were like 15, 16, 17%, you know, and how quickly like those |
| 2:17.6 | rates went up and then went back down again and then you know now they're kind of |
... |
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