Stoicism + Investing: Become a Wealthy Stoic

Stoicism + Investing: Become a Wealthy Stoic

How can you become a wealthy Stoic? Stoicism is about living a simple, virtuous life. That’s why many people have the misconception that being Stoic means refusing material wealth.


But that’s not the case. The other thing about Stoicism is focusing on what you control and ignoring everything else. This is how you live a wealthy life while remaining Stoic.


Epictetus, the only Stoic philosopher who wasn’t born into wealth (he was a slave), said it well:


“If you can make money remaining honest, trustworthy, and dignified, by all means do it. But you don’t have to make money if you have to compromise your integrity.”


In this video, I give you practical techniques and strategies to get better at investing, whether you’re a beginner or experienced investor.


These tips will ensure you stick to Stoic principles while building long-term wealth.


#Stoicism #WealthBuilding #InvestingTips #StoicPhilosophy #FinancialFreedom #TheStoicPathtoWealth


Timestamps:


00:28 - How to combine wanting to be wealthy, while following Stoicism

00:52 - About Me and The Stoic Path to Wealth book

01:27 - This is the first book that combines Stoicism and Investing & Wealth

01:35 - Three techniques you can apply to become a better investor

02:15 - Epictetus quote on making money without compromising your integrity

02:55 - It’s possible to make money in an honest way

03:22 - You don’t have to make a lot of money to become wealthy

04:12 - 3 Stoic Techniques that will make you a better investor

04:20 - Stoic Technique #1: Always cap your losses

05:47 - Juvenal quote on the gradualness of progress or loss

07:02 - Stop-loss in trading

08:03 - If you decide to buy something… (A lesson from Jesse Livermore)

09:20 - What it means to invest for the long-term

11:10 - No one knows what will happen in a year or two. But long-term, it’s going up.

11:54 - Stoic Technique #2: Make it worth it

13:04 - Making $500 or $1000 is not worth it

14:31 - Can you go from $50K to $500K income within a few years?

15:30 - Professional traders always think about this

16:22 - Stoic Technique #3: Pick a strategy that you can maintain for 30 years

17:50 - “Live a frugal life and then retire early” is not a sustainable strategy

18:44 - Separate your character from your money/net worth

19:08 - Wrap up

20:02 - The greedy ones: Avoid them

Jaksot(179)

Listen to This If You Want to Accomplish Big Goals

Listen to This If You Want to Accomplish Big Goals

Imagine an ambitious goal for yourself. Say you want to write a book, switch to a completely different career, or start your own business. If your goal is something you have to do because your life an...

8 Helmi 202414min

Lessons I Learned from Living in Spain

Lessons I Learned from Living in Spain

For the longest time, I had this dream of living in Spain. Who doesn’t want to live somewhere warm and close to the beach?! Well, me. In this episode, I share why and what I learned. I gave it a try i...

6 Helmi 202422min

What I Learned From Writing 600 Articles & 8 Books

What I Learned From Writing 600 Articles & 8 Books

I started writing daily in 2015. Since then, I published over 600 articles and wrote 8 books. I easily wrote more than a million words. There are many things I have learned from writing. I published a...

1 Helmi 202410min

How to Save Your First $100K in 5 Years

How to Save Your First $100K in 5 Years

The late Charlie Munger, renowned investor and long-time partner of Warren Buffett, said this during a 1998 annual shareholder meeting of Berkshire Hathaway: “The hard part of the process for most pe...

30 Tammi 202416min

Writing Daily Changed My Life: Here’s Why

Writing Daily Changed My Life: Here’s Why

I started writing every day in 2015. Since then my life completely changed. I wrote 8 books and reached millions of people with my words. Writing daily helped me to build a 7-figure net worth. Here’s ...

28 Tammi 202410min

If You Have Freedom, You Have Wealth

If You Have Freedom, You Have Wealth

Charlie Munger once said: “More investors don’t copy our model because our model is too simple. Most people believe you can’t be an expert if it’s too simple.” The simplest investing ideas are truly t...

26 Tammi 20249min

What Seneca Taught Me About Being Content and Happy

What Seneca Taught Me About Being Content and Happy

The DF Show is back! New episodes coming out weekly. In this episode, I talk about a life lesson I learned from the Stoic philosopher, Seneca. Seneca taught that happiness doesn’t come from always wan...

24 Tammi 202410min

The Matthew Effect: Why the Rich Get Richer

The Matthew Effect: Why the Rich Get Richer

The Matthew Effect, also known as the principle of accumulated advantage, is not only a platitude; it’s a scientifically recognized phenomenon that has been studied by sociologists and economists. Coi...

1 Loka 202312min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
hyva-paha-johtaminen
ostan-asuntoja-podcast
rss-rahamania
herrasmieshakkerit
rss-rentotapaus
rss-seuraava-potilas
rss-sami-miettinen-neuvottelija
rahapuhetta
kultaiset-hoitajat
rss-lahtijat
rss-startup-ministerio
rss-tarkeista-asioista-2
rss-lain-elamaa
rss-markkinointiradio
rss-sisalto-kuntoon
rss-asiakaskokemusklubi