How Stoicism Makes Us Better at Money — ft. Ryan Holiday
Jun 27, 2024
50:43
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Ryan Holiday, a modern philosopher, discusses how stoicism can influence financial decisions. He talks about handling wins and losses, limiting options for better choices, and developing healthy financial habits.
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Quick takeaways
Limiting options can lead to better decisions in handling wins and losses.
Staying true to personal values while balancing public perception aids effective communication.
Deep dives
The Significance of Stoicism and Reflection in Modern Society
In a world where reflection is a luxury, priorities have shifted, as highlighted by Ryan Holiday. The lack of time and space for introspection would be a major concern for ancient philosopher Marcus Aurelius if he were alive today. The constant busyness and absence of time for self-awareness and philosophical thought would appall him. Finding moments for self-reflection and deeper thinking seems to be essential in a fast-paced society like ours.
Balancing Personal Values with External Influences
Ryan Holiday emphasizes the importance of staying true to one's values and principles even in the face of external pressures. He discusses the necessity of fusing personal ethics with pragmatic strategies to convey messages effectively. By focusing on the message while acknowledging the importance of how it's perceived, individuals can navigate the delicate balance between authenticity and public reception.
Self-Discipline and Delayed Gratification in Career Success
Holiday's journey from starting as a writer to becoming an influential author underscores the significance of disciplined growth and delayed gratification. He highlights the value of competence and skill development before venturing into broader platforms like social media. The process requires dedication to the core skill set, emphasizing the importance of origin and depth in professional pursuits.
Overcoming Fear and Acting on Intentions
Scott Galloway reflects on the pivotal role fear plays in hindering action and decision-making. He discusses the necessity to overcome fear and take bold steps, even without feeling fully qualified, as he did when starting his company. Galloway emphasizes embracing intentions and transforming them into actions, overcoming anxieties and moving past inhibitions to reach new levels of success.
Ryan Holiday, one of the world’s foremost philosophers of the modern era, joins the show to talk about how stoicism can improve our perspective on money. He discusses how to handle wins and losses in every situation and why limiting your options can lead to better decisions. He also advises on some healthy habits that can help improve your financial responsibility.