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The Daily Stoic

This Is Real Wealth

The Daily Stoic

Daily Stoic | Backyard Ventures

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

4.55.3K Ratings

🗓️ 19 November 2021

⏱️ 5 minutes

🧾️ Download transcript

Summary

Ryan explains why you should have your own definition of wealth, on today’s Daily Stoic Podcast.

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Transcript

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0:00.0

Hey, prime members, you can listen to the Daily Stoke Podcast early and add free on Amazon Music. Download the app today.

0:12.5

Welcome to the Daily Stoke Podcast where each day we bring you a passage of ancient wisdom designed to help you find strength, insight, and wisdom every day life.

0:22.0

Each one of these passages is based on the 2000 year old philosophy that has guided some of history's greatest men and women. For more you can visit us at DailyStoke.com.

0:34.0

This is real wealth. Marcus Aurelius was obviously extremely wealthy. He was wealthy before he was emperor coming from one of Rome's great families and yet his definition of wealth had very little to do with money.

0:49.0

In Meditations, Marcus writes that he's fortunate not due to his palaces or the treasury. Sure, his wife had siltkin and embroidered robes and they possessed many silver goblets and beautiful emeralds.

1:00.0

But to Marcus the true measure of his wealth was that whenever he saw someone in need of help, he could provide it. Moreover, he said that wealth provided him a unique luxury. He would never have to ask for such a favor and return.

1:14.0

Marcus cared and he worked hard to be self-sufficient so we could show this care even more.

1:22.0

Rameet Satti, who we had on a great episode of the Daily Stoke Podcast recently, has talked about his definition of the rich life.

1:29.0

Part of the rich life for him is being able to travel, being able to reduce hassle to work on what he wants to work on.

1:36.0

We would call these the creature comforts, but another important part of the rich life, the part that arguably sustains him morally and spiritually, he says it's using his time and money to help other people.

1:49.0

When something outrageous you are, inspires you, he said when something makes you mad or sad or thrilled, that's an opportunity to lean into it and use your time and money to improve it.

2:00.0

If you can't do that, because you're too busy, because you're too selfish because whatever, then you are not rich.

2:06.0

No matter how many digits are to the left of the decimal point in your bank balance, indeed you could be quite wealthy, but you will still never be rich.

2:16.0

The point of this life, Marcus says, is to possess good character and do acts for the common good.

2:21.0

This is also the point of wealth and success, to be a positive difference maker, to be able to help when someone needs it, to be able to hop on a phone.

2:29.0

To be able to hop on a flight and show up for a friend who reached out in a time of crisis, to be able to forgive a debt, to be able to pick up a tab, to be able to spend a few hours furthering a cause, that is true wealth.

2:41.0

It has very little to do with how much you save for yourself and everything to do with how much you spend for others.

2:49.0

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 at dailystoke.com slash email.

3:01.0

Hey, prime members, you can listen to the Daily Stoke early and add free on Amazon music, download the Amazon Music App today, or you can listen early and add free with Wondery Plus in Apple podcasts.

3:20.0

Hey, I'm Aresha, and I'm Brooke, and we're the hosts of Wondery's Podcast, even the rich, where we bring you absolutely true and absolutely shocking stories about the most famous families and biggest celebrities the world has ever seen.

3:33.0

Our newest series is all about the incomparable diva Whitney Houston. Whitney's voice defined a generation, and even after her death, her talent remains unmatched, but her incredible success hit a deeply private pain.

3:47.0

In our series, Whitney Houston, Destiny of Adiva, will tell you how she hid her true self to make everyone around her happy, and how the pressure to be all things to all people let her down at dark path.

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