The Tim Ferriss Show - #152: On Philosophy and Riches

Episode Date: April 9, 2016

Whenever I succumb to social pressure to treat time as less valuable than income, that's when I turn to stoicism. In this special episode of the podcast, I'm sharing one of my favorite letters from Seneca, "On Philosophy and Riches." This is a must-listen for anyone obsessed with increasing wealth or material possessions. My favorite portion begins with, "I might close my letter at this point." If you want to learn more of Seneca's teachings, I've compiled his letters into a collection called the Tao of Seneca. Enjoy! Show notes and links for this episode can be found at www.fourhourworkweek.com/podcast. This podcast is brought to you by Wealthfront. Wealthfront is a massively disruptive (in a good way) set-it-and-forget-it investing service, led by technologists from places like Apple. It has exploded in popularity in the last two years and now has more than $2.5B under management. Why? Because you can get services previously limited to the ultra-wealthy and only pay pennies on the dollar for them, and it’s all through smarter software instead of retail locations and bloated sales teams. Check out wealthfront.com/tim, take their risk assessment quiz, which only takes 2-5 minutes, and they’ll show you—for free–exactly the portfolio they’d put you in. If you want to just take their advice and do it yourself, you can. Well worth a few minutes to explore: wealthfront.com/tim. This podcast is also brought to you by 99Designs, the world's largest marketplace of graphic designers. I have used them for years to create some amazing designs. When your business needs a logo, website design, business card, or anything you can imagine, check out 99Designs. I used them to rapid prototype the cover for The 4-Hour Body, and I've also had them help with display advertising and illustrations. If you want a more personalized approach, I recommend their 1-on-1 service. You get original designs from designers around the world. The best part? You provide your feedback, and then you end up with a product that you're happy with or your money back. Click this link and get a free $99 upgrade. Give it a test run.***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Interested in sponsoring the podcast? Visit tim.blog/sponsor and fill out the form.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

optimal minimal at this altitude i can run flat out for a half mile before my hands start shaking can i ask you a personal question now what is the appropriate time i'm a cybernetic organism living tissue over metal endoskeleton this episode is brought to you by ag1, the daily foundational nutritional supplement that supports whole body health. I do get asked a lot what I would take if I could only take one supplement, and the true answer is invariably AG1. It simply covers a ton of bases. I usually drink it in the mornings and frequently take their travel packs with me on the road. So what is AG1? AG1 is a science-driven

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that you'd dig it a lot and you can, of course, easily subscribe any time. So easy peasy. Again, that's tim.blog forward slash Friday. And thanks for checking it out. If the spirit moves you. Hello, ladies and germs. This is Tim Ferriss, and welcome to another episode of The Tim Ferriss Show. This is a special edition where I'm going to share an excerpt from my favorite book of all time. And in fact, it is a collection of letters, roughly 2,000 years old, that I reread at least once a quarter from Seneca the Younger. These are the moral letters to Lucilius that I've compiled into the Tao of Seneca. And this particular example is a letter 17 on philosophy and riches.

And Seneca takes a little while with his preamble to get warmed up. But my favorite portion begins with, I might close my letter at this point. So you can use that as a bookmark. I might close my letter at this point. And I was talking to a friend of mine about Seneca. He's a huge fan also. And he said what I agree with. And that is, I went back through my notes and started to compile a list of the ideas that had the biggest impact on me letter by letter. But going through, I realized that what makes Seneca so unique is the common threads that flow through different letters. So it's very hard to just take one letter, although they are valuable. So I encourage you to check out all of these letters and you can find them at audible.com forward slash Tim's books.

It's a three volume set of all of these letters because I wanted to listen to them in audio and could not find it. That's how it got created. So please enjoy On Philosophy and Riches by Seneca, and I hope you find it as valuable as I have. Letter 17. On Philosophy and Riches. Cast away everything of that sort if you are wise, nay, rather that you may be wise. Strive toward a sound mind at top speed and with your whole strength. If any bond holds you back, untie it or sever it.

But, you say, my estate delays me. I wish to make such disposition of it that it may suffice for me when i have nothing to do lest either poverty be a burden to me or i myself a burden to others considering. You do indeed grasp the all-important thing, the great benefit which philosophy confers, but you do not yet discern accurately its various functions, nor do you yet know how great is the help we receive from philosophy in everything, everywhere. How, to use Cicero's language, it not only suckers us in the greatest matters, but also descends to the smallest. Take my advice. Call wisdom into consultation. She will advise you not to sit forever at your ledger. Doubtless your object, what you wish to attain by such postponement of your studies, is that poverty may not have to be feared by you. But what if it is something to be desired?

Riches have shut off many a man from the attainment of wisdom. Poverty is unburdened and free from care. When the trumpet sounds, the poor man knows that he is not being attacked. When there is a cry of fire, he only seeks a way of escape and does not ask what he can save. If the poor man must go to sea, the harbor does not resound, nor do the wharves bustle with the retinue of one individual. No throng of slaves surrounds the poor man, slaves for whose mouths the master must covet the fertile crops of regions beyond the sea. It is easy to fill a few stomachs when they are well trained and crave nothing else but to be filled. Hunger costs but little. Squeamishness costs much.

Poverty is contented with fulfilling pressing needs. Why, then, should you reject philosophy as a comrade? Even the rich man copies her ways when he is in his senses. If you wish to have leisure for your mind, either be a poor man or resemble a poor man. Study cannot be helpful unless you take pains to live simply, and living simply is voluntary poverty. Away then with all excuses like, I have not yet enough. When I have gained the desired amount, then I shall devote myself wholly to philosophy. And yet, this ideal, which you are putting off and placing second to other interests, should be secured first of all. You should begin with it. You retort, I wish to acquire something to live on. Yes, but learn while you are acquiring

it, for if anything forbids you to live nobly, nothing forbids you to die nobly. There is no reason why poverty should call us away from philosophy, no, nor even actual want, for when hastening after wisdom, we must endure even hunger. Men have endured hunger when their towns were besieged, and what other reward for their endurance did they obtain than that that they did not fall under the conqueror's power? How much greater is the promise of the prize of everlasting liberty, and the assurance that we need fear neither God nor man. Even though we starve, we must reach that goal. Armies have endured all manner of want, have lived on roots, and have resisted hunger by means of food too revolting to mention. All this they have suffered

to gain a kingdom, and, what is more marvelous, to gain a kingdom that will be another's. Will any man hesitate to endure poverty in order that he may free his mind from madness? Therefore, one should not seek to lay up riches first. One may attain to philosophy, however, even without money for the journey. It is indeed so. After you have come to possess all other things, should you then wish to possess wisdom also? Is philosophy to be the last requisite in life, a sort of supplement? Nay, your plan should be this. Be a philosopher now, whether you have anything or not. For if you have anything, how do you know that you have not too much already? But if you have nothing, seek understanding first before anything else.

But, you say, I shall lack the necessities of life. In the first place, you cannot lack them, because nature demands but little, and the wise man suits his needs to nature. But if the utmost pinch of need arrives, he will quickly take leave of life and cease being a trouble to himself. If, however, his means of existence are meager and scanty, he will make the best of them, without being anxious or worried about anything more than the bare necessities. He will do justice to his belly and his shoulders. With free and happy spirit he will laugh at the bustling of rich men and the flurried ways of

those who are hastening after wealth, and say, Why of your own accord postpone your real life to the distant future? Shall you wait for some interest to fall due, or for some income on your merchandise, or for a place in the will of some wealthy old man, when you can be rich here and now? Wisdom offers wealth in ready money, and pays it over to those in whose eyes she has made wealth superfluous. These remarks refer to other men. You are nearer the rich class. Change the age in which you live, and you have too much. But in every age, what is enough remains the same. I might close my letter at this point if I had not got you into bad habits.

One cannot greet Parthian royalty without bringing a gift, and in your case I cannot say farewell without paying a price. But what of it? I shall borrow from Epicurus. The acquisition of riches has been for many men not an end, but a change of troubles. I do not wonder, for the fault is not in the wealth, but in the mind itself. That which had made poverty a burden to us has made riches also a burden. Just as it matters little whether you lay a sick man on a wooden or on a golden bed, for whithersoever he be moved he will carry his malady with him, so one need not care whether the diseased mind is bestowed upon riches or upon poverty. His malady goes with the man. Farewell. Hey guys, this is Tim again. Just a few more things before you take off. Number one, this is Five Bullet Friday.

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