The Daily Stoic - This Is Real Wealth

Episode Date: November 19, 2021

Ryan explains why you should have your own definition of wealth, on today’s Daily Stoic Podcast.Sign up for the Daily Stoic email: http://DailyStoic.com/emailFollow us: Instagram, Twitter, YouTube, TikTok, and FacebookSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Hey, prime members, you can listen to the Daily Stood Podcast early and add free on Amazon Music. Download the app today. Hi, I'm David Brown, the host of Wundery's podcast business wars. And in our new season, Walmart must fight off target, the new discounter that's both savvy and fashion forward. Listen to business wars on Amazon Music or wherever you get your podcasts. on music or wherever you get your podcasts. Welcome to the Daily Stoic Podcast, where each day we bring you a passage of ancient wisdom designed to help you find strength, insight, and wisdom every day life. Each one of these passages is based on the 2,000-year-old philosophy that has guided some of history's greatest men and women.

For more, you can visit us at dailystoweth.com. 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. 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.

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 in return. Marcus cared and he worked hard to be self-sufficient, so we could show this care even more. Rameet Sati, who we had on a great episode of the Daily Stoke podcast recently, has talked about his definition of the rich life. Part of the Daily Stoke podcast recently. He's talked about his definition of the rich life. 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. 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. When something outrages you or 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. If you can't do that, because you're too busy, because you're too selfish, because whatever, then you are not rich. 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. The point of this life, Marcus says, is to possess good character and do acts for the common good. 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 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. Has very little to do with how much you save for yourself, and everything to do with how much you spend for others. 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.

Hey, prime members, you can listen to the Daily Stoic 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. Ah, the Bahamas. What if you could live in a penthouse above the crystal clear ocean working during the day and partying at night with your best friends and have it be 100% paid for. FTX Founder's Sam Bankman Freed lived that dream life, but it was all funded with other people's money, but he allegedly stole.

Many thought Sam Bankman Freed was changing the game as he graced the pages of Forbes and Vanity Fair. Some involved in crypto saw him as a breath of fresh air, from the usual Wall Street buffs with his casual dress and ability to play League of Legends during boardroom meetings. But in less than a year, his exchange would collapse. An SPF would find himself in a jail cell with tens of thousands of investors blaming him for their crypto losses. From Bloomberg and Wondering comes Spellcaster, a new six-part docu-series about the meteoric rise and spectacular fall of FTX, and its founder, Sam Beckman-Freed. Follow Spellcaster wherever you get your podcasts.

Hey, Prime Members, you can listen to episodes Add Free on Amazon Music. Download the Amazon Music app today.