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The Daily Stoic

This Is Poverty That’s Your Fault | No Shame In Needing Help

The Daily Stoic

Daily Stoic | Backyard Ventures

694393, Daily Stoic, Education, Ryan Holiday, Self-improvement, Stoicism, Stoic Philosophy, Philosophy, Stoic, Business, Society & Culture

4.55.3K Ratings

🗓️ 16 June 2026

⏱️ 10 minutes

🧾️ Download transcript

Summary

There is the form of poverty that is not having enough. But there was another form of poverty that Seneca talked about...


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Transcript

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0:00.0

Welcome to the Daily Stoic podcast, designed to help bring those four key stoic virtues,

0:07.8

courage, discipline, justice, and wisdom into the real world.

0:14.7

This is poverty. That's your fault. There's a form of poverty that is not having enough, and this is a real

0:22.0

and a tragic problem, a stroke of bad luck, and often a social injustice. And it's a shame the way

0:28.1

that society looks down upon those who are struggling, as if it's always their fault, as if it says

0:33.3

anything about them as a person. But there was another form of poverty that Seneca talked about,

0:39.1

and in fact knew himself, and it was this form of poverty that was actually pathetic.

0:45.0

It's the poverty of wanting too much. All Seneca had to do was look around Rome to see it.

0:51.4

There's a famous story of a man in Nero's court who threw himself at the emperor's

0:55.2

feet, crying that he was down to his last million. My God, Nero replied, how can you bear it?

1:01.9

And sadly, this is a form of poverty all too common in the first world, perhaps even in your

1:06.8

social circles. People who make good money but spend it even better, whose appetites outpace

1:12.8

even their enormous incomes. In many cases, their poverty is self-inflicted, the result of

1:18.4

a lack of self-discipline, not so much of laziness, but of excess. And there are also

1:25.2

people whose poverty comes merely by comparison, although they have

1:28.5

quite a bit compared to others, they only have a little and thus feel poor. And both these forms

1:33.8

are not only pointless and irresponsible, but they are an insult to the people who actually are

1:37.6

struggling. They're an insult to the people who have the misfortune of not being worn into money,

1:42.0

or not working in an industry where fortunes are more

1:44.3

readily made. And it's an insult to philosophy, too, as Marx Reelis reminds us, because there is so

1:50.2

little actually needed for a good and a happy life. Poverty because of where you're born or what's

1:56.1

happening in the world is tragic. Poverty because you are entitled and reckless and envious and insatiable,

...

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