The Darius Foroux Show: Mindset, Business, Money

I wanted to be rich so bad for my entire life. In high school, I watched Wall Street with Michael Douglas and Charlie Sheen. It was supposed to be a cautionary tale but I saw it as inspiration. I wanted to be Gordon Gecko, the crazy high risk Wall Street trader. When I was 17, I got a job at a call center during the summer. I was on the phone every day, working double shifts. I was selling mobile phone subscriptions to people, mostly elderly. It was a shameful job but I was making money. So I felt good. This is how badly I wanted to get rich. But I was a teenage idiot. Now, 20 years later, I finally understand that being rich and having a lot of money is not the same as being wealthy. You can also be rich and not wealthy. At some point, we all realize that life is just a collection of our memories. Pre-order The Stoic Path to Wealth My new book is coming out July 16th. It shows you how to build enduring wealth in the stock market. Learn more: ⁠⁠stoicpathtowealth.com⁠

I analyzed three of Warren Buffett's biggest stock picks (GEICO, Coca-Cola, Apple) and drew lessons from that. By understanding the thought process of his stock picks, we can emulate his mindset. Whether you’re a passive or active investor, we can all use a little bit of “Warren Buffett” in our strategy. You probably won’t be surprised by the conclusion of this article: Have patience, be diligent, avoid greed, and bet on a prosperous future. We all know what it takes. But the key is to internalize these ideas. Pre-order The Stoic Path to Wealth My new book is coming out July 16th. It shows you how to build enduring wealth in the stock market. Learn more: ⁠⁠stoicpathtowealth.com⁠

I think having a sene of urgency and responsibility when it comes to your career is one of the biggest motivators. But if you put too much pressure on yourself to succeed, it can work against you. This is a dynamic that I’m constantly trying to balance. Last year, when I finished the final draft of my new book, The Stoic Path to Wealth, I immediatly started thinking about the marketing campaign. My self talk included a lot of “I need to do” xyz. And then, I would think, “If I don’t do this, the book won’t succeed.” This type of “I need to do X (action) otherwise y (bad outcome) will happen” thinking is a complete and utter waste of your energy. And you must avoid it as soon as you become aware of it. Here’s what Epictetus said about that: “If you want to make progress, dismiss this kind of reasoning: ‘If I neglect my business, I will have nothing to live on.’ It is better to starve to death in a calm and confident state of mind than to live anxiously amidst abundance.” The truth is: You don’t need a lot to have happiness and peace. Pre-order The Stoic Path to Wealth My new book is coming out July 16th. It shows you how to build enduring wealth in the stock market. Learn more: ⁠⁠stoicpathtowealth.com⁠

If you spend an hour on Twitter or Instagram, you almost believe that everyone can get rich quickly. “Start an AI company or write content online. You’ll make $500K a month, just like me!” The idea that success can be duplicated is one of the oldest fallacies in business and money. Just because a certain blueprint worked for Person A, it doesn’t mean it works for Person B. This is also why a lot of smart people are not wealthy. Over the past two years, I’ve been getting emails every week from disillusioned writers. They say they fell for the dream that these social media prophets talk about everywhere. They realize success is not only about skill, it’s also a matter of talent and luck. And the interesting thing is that all these people are smart. After all, it sounds so logical. If someone else did it, you can do it too, right? Well, not with everything. More on that in my other new article. Pre-order The Stoic Path to Wealth My new book is coming out July 16th. It shows you how to build enduring wealth in the stock market. Learn more: ⁠⁠stoicpathtowealth.com⁠

I seriously started practicing Stoicism when I was 28. That’s when things started to change in my life. That was in 2015. Since then, I’ve become happier every year. 9 years after I started living as a Stoic, I can wholeheartedly say that happiness is a muscle that gets stronger the more you train it. In this episode, I share 5 of the most useful Stoic principles with you. Here’s my favorite, which is based on a quote from Epictetus: “Our master is anyone who has the power to implement or prevent the things that we want or don’t want.” Too many of us are slaves to external validation and signaling. The Stoics reminded us to focus inwardly. To be driven by virtues. And to ignore society’s status game. Your self-worth should be determined by yourself, not by the car you drive, job, or vacation spots you visit. Pre-order The Stoic Path to Wealth My new book is coming out July 16th. It shows you how to build enduring wealth in the stock market. Learn more: ⁠⁠stoicpathtowealth.com⁠

My parents bought their first house in 2000. My mother told me that one of their family members broke ties with my parents because of that. Certain people think that buying a house is not for everyone. Those types of people also believe that higher education is not for everyone. Or that owning stocks is only for rich folks. These are examples of mental barriers. So many of us have false beliefs about money and life. And those false beliefs can prevent us from ever living a good life. This is where Stoicism and mindfulness can help us. By becoming more self-aware, we can prevent ourselves from falling into the trap of mental barriers. In my latest article, I share 7 mental barriers that I personally had to overcome in my life. Pre-order The Stoic Path to Wealth My new book is coming out July 16th. It shows you how to build enduring wealth in the stock market. Learn more: ⁠⁠stoicpathtowealth.com⁠

I’ve been writing about the philosophy of Stoicism since 2015. A Stoic mindset has truly changed the way I do everything. I apply Stoicism to my happiness, work, finances, and even relationships. This Stoic mindset allowed me to leverage ancient lessons into my entire life. The other day I was talking about this change with a friend. He asked me: “What does the Stoic mindset really mean? Let me explain. Incorporating Stoicism into my daily life is something that I still work on. Every time I record a podcast I remind myself: “You don’t control how many people will read it or whether they will like it or not.” And now that I’m working on the marketing of my next book, The Stoic Path to Wealth, I occasionally catch myself fantasizing about book sales. Of course, who doesn’t want to do well in their career? But ultimately, it’s not up to us. We can only pour everything into our work, and what happens next is beyond us. This shift has not only improved my productivity but also the quality of my work. In my personal life, Stoicism also gave me a different perspective. I always strive to be a positive force in my own life and the people around me. I make sure I always have good intentions. To be a good person. And to wish others the best. Pre-order The Stoic Path to Wealth My new book is coming out July 16th. It shows you how to build enduring wealth in the stock market. Learn more: ⁠⁠stoicpathtowealth.com⁠

My new book, The Stoic Path to Wealth, is coming out on July 16th. This book is the most comprehensive guide on how to build wealth that will last your entire lifetime, and beyond. If you pre-order the book, you will instantly get access to the following products: 1. The Stoic Success Course This is a brand new video course that shows how to improve your health, wealth, and happiness by applying practical lessons from Stoicism. 2. Effortless Learning Podcast This is a limited podcast series I recorded which will help you to boost your personal growth and learn skills faster, with less effort. 3. Inner Fortress Magazine This is a digital magazine that I wrote and designed for the launch of The Stoic Path to Wealth. The magazine includes tips to cultivate resilience and inner peace. 4. Inner Circle Newsletter Finally, everyone who pre-orders the book gets free access to my secret newsletter. This is where I share my latest and most important insights. Pre-order the book now and get instant access to exclusive bonuses here: members.dariusforoux.com/stoic-path To get your bonuses, simply forward your purchase receipt to stoicpathtowealth@gmail.com. Within minutes, my team will reply with instructions on how you can access the bonuses. This offer applies to all formats of the book and all bookstores globally. There are no limitations or restrictions.

Stoicism, an ancient Greek philosophy, is not just a guide for leading a virtuous and meaningful life; it can also be a roadmap to financial success. Nearly all the prominent Stoics were well off, from the founder, Zeno, to the most prolific writer of the bunch, Seneca. In fact, you can argue that Stoicism was for wealthy people at the time. This is why it’s such a popular philosophy today. We have so many resources at our disposal that we don’t even know what to do with them. We live in a world where boredom is widespread. Now, here’s the main concern with the pursuit of wealth. If your only reason to acquire money is so you can a fancier car, go on more luxury vacations, and wear better clothes, you’re missing the point. I believe that Stoicism should (and must) be applied to money because without a Stoic mindset, one will succumb to greed. In my latest episode, I’ll share a few ways you can get rich without getting greedy. Pre-order The Stoic Path to Wealth My new book is coming out July 16th. It shows you how to build enduring wealth in the stock market. Learn more: ⁠⁠stoicpathtowealth.com⁠

I’m very introverted. I truly enjoy (and need) time alone. Too much social contact drains my energy. One misconception about introverts is that they lack confidence. People falsely assume that we don’t want to be around others for that reason. In her book, Quiet, psychologist Susan Cain calls that concept the “Extrovert Ideal.” It’s the widespread belief that being outgoing, assertive, and socially proactive makes a person successful. As it turns out, introversion has its own set of strengths and advantages. According to Cain, some of these strengths include better problem-solving skills, more creativity, empathy, and the ability to work independently. In my experience, we can all benefit from cultivating the introverted side of us. When we nurture that by spending more time alone, we actually become more self-confident. We no longer look for external validation. We gain more appreciation for ourselves. More on that in my new article. Pre-order The Stoic Path to Wealth My new book is coming out July 16th. It shows you how to build enduring wealth in the stock market. Learn more: ⁠⁠stoicpathtowealth.com⁠

The habit of journaling may seem small and insignificant. “How can writing personal notes in my journal every day do anything for me?” You might ask. I understand the skepticism. Even I had some doubts in the beginning. But journaling truly can change your life. Just ask any person who journals. You won’t find a person who says, “Journaling is so-so.” Everyone who does it loves it. Since 2015, I have made journaling an integral part of my morning routine, and it has helped me succeed in various areas of my life. I also grew happier. In this episode, I share four techniques that I keep turning to in my journaling practice. Pre-order The Stoic Path to Wealth My new book is coming out July 16th. It shows you how to build enduring wealth in the stock market. Learn more: ⁠stoicpathtowealth.com⁠

I have a love/hate relationship with impatience.  I love it because it has helped me to accomplish things in my career. When something needs to be done, I do it immediately. I just can't wait. But that approach is not helpful when it comes to your finances. To build proper wealth, you need patience. You can read about investing and compounding as much as you want. But unless you don't have the patience to let your money compound, you can never reap the benefits. This is something I had to learn. To all my fellow impatient-natured people, learn the art of patience. It will help you immensely in life. Listen to learn more! Pre-order The Stoic Path to Wealth My new book is coming out July 16th. It shows you how to build enduring wealth in the stock market. Learn more: ⁠⁠stoicpathtowealth.com⁠

Essentially, making money from your passion is all about solving a problem or need. And getting paid for it. Whether it’s through a product or service, your focus should always be on providing value to your customers. Look at the Patagonia brand. The founder, Yvon Chouinard, saw a need for high-quality outdoor gear that was environmentally friendly and decided to fill that gap. By focusing on providing value, he was able to build a loyal customer base and become recognized as an industry leader. In my case, I started writing and publishing free articles on self-improvement that people found to be useful. Eventually, they subscribed to my newsletter. Some folks bought my books and courses, which is how I earn a living. On this journey of making money, stay authentic. Your passion is what sets you apart from others in your field. Don’t try to imitate someone else or follow the latest trends just to make money. People are drawn to authenticity, which will help you create a unique brand. In this episode, I share more about the importance of authenticity. More tips on making money from your passion: https://dariusforoux.com/making-money-passion/ Pre-order The Stoic Path to Wealth My new book is coming out July 16th. It shows you how to build enduring wealth in the stock market. Learn more: ⁠stoicpathtowealth.com⁠

The German philosopher Friedrich Nietzsche wrote this in his book, The Gay Science, about purpose: “Gradually, man has become a fantastic animal that has to fulfill one more condition of existence than any other animal: man has to believe, to know, from time to time why he exists; his race cannot flourish without a periodic trust in life–without faith in reason in life.” Nietzche said that we need to have some kind of trust in life. Just surviving, eating, working, and procreating are not enough. The purpose is the compass that guides us through life. It’s not about achieving grandiose goals or accumulating material wealth. It’s about finding fulfillment in what we do and making a difference. Pre-order The Stoic Path to Wealth My new book is coming out July 16th. It shows you how to build enduring wealth in the stock market. Learn more: ⁠stoicpathtowealth.com⁠

Smartphones have become an extension of ourselves. We use them for almost everything - from staying connected with friends and family, to managing our schedules and even for entertainment. A recent study showed that the average person spends around three hours a day on their phone, which adds up to a staggering amount of 45 days a year. People are glued to their screens most of the time. There’s a constant need to check notifications, scroll through social media feeds, and respond to messages. This isn’t just bad for our mental health. It also distracts us from doing and finishing our work on time. For the sake of our personal well-being and productivity, we need to reduce the time spent on our phones. In this episode, I talk about how you can do that. Pre-order The Stoic Path to Wealth My new book is coming out July 16th. It shows you how to build enduring wealth in the stock market. Learn more: ⁠stoicpathtowealth.com⁠