The Darius Foroux Show: Mindset, Business, Money (Darius Foroux)

In my experience, you do your best work when you’re in a good mood and you’re focused.

You can also look at it as being a state of “Flow,” which is a term the psychologist Mihaly Csikszentmihalyi coined.

You can get in a Flow mind-state by having the right balance between challenge and skill level.

How do you know you have Flow? When work is effortless and you’re making progress.

I’m finally in that state as I’m writing this after being out of it for a few months. I was dealing with major renovations at my home, and then, I had to do a lot of small tasks here and there for my upcoming book.

Once I finished my most pressing tasks, my goal was to get into Flow again. I took it easy. Fiddled a bit. Read some books. And journaled a lot.

“Getting close” is something I wrote about often. And then, a few days ago, it hit me: Ignore all the noise and only focus on writing.

So that’s what I’m doing now. Plus, I combine it with another productivity strategy, the Pomodoro technique. When you do that, you have the ultimate productivity stack.

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.

I believe our natural response to setbacks is stress. When you deal with loss, sickness, conflict, or uncertainty, you get that heavy feeling in your stomach.

Your mood becomes dark. You start feeling less energetic. Your instincts tell you to run.

For some people, that type of stress lasts only a few hours, but for others, it can go on for weeks or months.

What matters is that you don’t get stuck in those negative feelings. Because when you don’t address your setbacks, you start to get emotionally scarred.

There’s another option: You can see every setback in your life as an opportunity to get smarter, stronger, better.

Here’s what J.K. Rowling said about setbacks:

“The knowledge that you have emerged wiser and stronger from setbacks means that you are, ever after, secure in your ability to survive. You will never truly know yourself, or the strength of your relationships, until both have been tested by adversity.”

In this episode, I talk about how I use this strategy in my own 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

In this episode, we delve deep into the ancient philosophy of Stoicism. As a philosophy that's stood the test of time, Stoicism offers profound insights and practical wisdom that can dramatically enhance our quality of life.

We'll explore how Stoicism can help us navigate through the highs and lows of life with grace, resilience, and calmness, turning obstacles into opportunities.

Join me as I unpack the essence of Stoicism and share how you can apply its principles to lead a more meaningful and fulfilling life.

Read the article (also includes the links to the Practicing Stoicism episodes): https://dariusforoux.com/stoicism/

Worrying is a natural human response to uncertainty. But when we allow our worries to consume our thoughts at all hours of the day, they can quickly become overwhelming.

One effective strategy to manage this is by only giving yourself five minutes to worry and sulk over negative emotions. Call this your 5 minutes of worry time.

Worrying is a natural part of life. We all have things that cause us stress and anxiety, whether it’s work, relationships, or just the daily grind. And sometimes, it can feel overwhelming to try and push those worries away. But having a bit of time to allow ourselves to worry can also be helpful.

So during your 5 minutes of “worry time,” allow yourself to think about all the things that are causing you stress.

Give yourself permission to worry. By acknowledging our worries, we can better manage and control them. But once the time is up, move on to something else.

Listen to this episode to learn more.

Read my article, "Mental Exercises to Help You Tame Stress and Anxiety": https://dariusforoux.com/stress-and-anxiety/

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

About six months before my dentist died in a motorcycle accident, he gave me some of the best advice I’ve ever received. It was about saving money. And on this episode, I talk about that advice.

Thanks for listening!

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I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers.

Get your free Growth Kit here: dariusforoux.com/growth-kit

On this episode, I talk about meaningful productivity. By applying this strategy you will make more progress and stress less.

Learn about my productivity system, Procrastinate Zero 2:

http://members.dariusforoux.com/procrastinate-zero-2

More about Meaningful Productivitiy:

https://dariusforoux.com/meaningful-productivity/

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

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.

Coined by sociologists Robert K. Merton and Harriet Zuckerman in 1968, the term derives its name from a biblical parable found in the Gospel of Matthew.

https://dariusforoux.com/matthew-effect/

Hey there, it’s Darius. In this episode, I talk about my journey to financial freedom. I hope you find it useful. Here’s a longer description, written by Jasper: Welcome to a journey of financial transformation! This video is all about achieving financial freedom in just 5 years, starting from ground zero. Do you dream of living a life unburdened by financial worries? If so, this video is for you. I'll guide you through the steps and strategies that can help you build a solid financial foundation, even if you're starting from scratch. This isn't about get-rich-quick schemes or risky investments. Instead, I'll share practical advice on budgeting, saving, investing, and generating income that can set you on the path to financial independence. Whether you're struggling with debt, living paycheck to paycheck, or simply looking to improve your financial health, this video is a valuable resource. Remember, it's never too late to start your journey to financial freedom. So, if you're ready to take control of your financial future, hit that play button now. And don't forget to subscribe for more financial insights and advice! 💵 Let's take the first step towards financial freedom together! 💪 ____________________________________________ Free course: Wealth Strategies dariusforoux.com/wealth-strategies Free newsletter: Wise & Wealthy https://dariusforoux.com

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

Hey! New episode. This one is about living a productive life.

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Watch the video: https://www.youtube.com/watch?v=BiRx1Cl44EU

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Here's a description written by Jasper: Hey there, fellow seekers of success and fulfillment! In this captivating video, I dive into my personal philosophy for achieving greatness in all areas of life—success, health, wealth, and happiness. Are you tired of putting things off and ready to make a change? Join me as I share relatable anecdotes, practical tips, and actionable advice to help you overcome procrastination and start taking massive action. Together, we'll uncover strategies to boost productivity, improve well-being, and create a life filled with purpose and joy. If you're looking for that extra push to unlock your full potential and live your best life, don't miss out on this empowering video. Hit that play button now and embark on a journey of self-improvement! Remember to subscribe to my channel for weekly reminders and insights to fuel your personal growth. 🌱 Let's do this together! 🌟

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Resources and links: Do It Today, Not Tomorrow (article) https://dariusforoux.com/procrastination/ Do It Today book: https://www.amazon.com/dp/B07DRP1Q5W

Note: This is a video episode! Watch it on Spotify or YouTube.

In today's video, we're taking a unique spin on wealth creation by exploring 4 unconventional books that can guide you on your journey to financial success.

We kick off with J. Paul Getty's "How to Be Rich." Don't let the straightforward title fool you - this book isn't your typical get-rich-quick manual. Instead, it offers timeless insights on wealth and success from one of history's richest men.

Next, we dive into ancient wisdom with Epictetus' "Discourses." While not explicitly about money, this philosophical gem teaches invaluable lessons about control, perspective, and contentment - key ingredients for a rich life.

Book number three is Peter Lynch's "One Up on Wall Street". This classic guide demystifies the world of investing, providing practical advice on how to spot opportunities and make smart investment decisions.

Finally, we explore "Seeking Wisdom: From Darwin to Munger" by Peter Bevelin. This book is a treasure trove of wisdom collected from diverse fields like biology, psychology, and philosophy, all aimed at improving our decision-making skills - essential for building wealth.

So, are you ready to redefine what it means to be rich? Join us as we delve into these thought-provoking reads and uncover their unconventional yet powerful lessons on wealth creation.

Remember, getting rich isn't just about accumulating money, it's about growing as an individual and making wise decisions. See you in the video!

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01:10 - J. Paul Getty - How to Be Rich

03:47 - Epictetus - Discources

08:18 - Peter Lynch - One Up on Wall Street

13:40 - Peter Bevelin - Seeking Wisdom: From Darwin to Munger

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More book recommendations: https://dariusforoux.com/books-to-get-rich/

____________________________________________

Free course: Wealth Strategies https://dariusforoux.com/wealth-strategies

Free newsletter: Wise & Wealthy https://dariusforoux.com

In this episode, I'm talking about the lessons I learned about wealth building from Jesse Livermore. 

Read the article: https://dariusforoux.com/3-lessons-building-wealth/

Thanks for listening!

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I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers.  Get your free Growth Kit here: dariusforoux.com/growth-kit

In this episode, I share how I dealt with my latest setbacks. I talk about how you can use challenges to learn and adapt. And to come back stronger!

Pre-order my new book, The Stoic Path to Wealth

Combining ancient wisdom with practical investment strategies drawn from analysis of the greatest investors of all time, The Stoic Path to Wealth will teach you how to:

• cultivate an investing edge by managing your emotions and developing your unique skills and talents
• develop the discipline to ignore short-term market fluctuations and avoid living in the future
• foster a mindset that allows you to enjoy what you have and avoid greed
• create a sustainable approach to trading

Coming July 16th, 2024

Pre-Order Your Copy Now: https://members.dariusforoux.com/stoic-path

Hi there, welcome to the latest episode! I talk about the latest developments in the global economy and how we can improve our ability to deal with a potential slowdown. Since no one knows when things will slow down, it's better to prepare and to stay focused on what you control.

Thanks for listening!

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Receive weekly tips to become Wise & Wealthy

Wise & Wealthy is a weekly newsletter full of proven ideas to become smarter and wealthier. I send this short email every Monday.

Join for free here: dariusforoux.com/wise-wealthy/

Today’s guest is Amy Shearn, an award-winning author of five novels including Unseen City. She has also worked as an editor at publications like JSTOR Daily and Medium’s Creator Hub, Human Parts, Forge.

I’ve known Amy for nearly two years and she’s been the editor of my Stoic Letter column on Medium. On this episode, we talk about everything writing, creativity, journaling, editing, and a lot more!

Enjoy!

Subscribe to Amy’s newsletter: https://amyshearn.substack.com

Learn more about Amy: https://www.amyshearnwrites.com/

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Receive weekly tips to become Wise & Wealthy

Wise & Wealthy is a weekly newsletter full of proven ideas to become smarter and wealthier. I send this short email every Monday and every other Thursday.

Join for free here: dariusforoux.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

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 why writing helped me to change my life:

1. Focus: By translating my thoughts, I boost my focus. I know what I should work on.

If you want to improve your writing skills, join my online class, Effective Writing. It’s only open once a year.

Regsitration for the 2024 class is between January 28 and February 4.

Join here: http://members.dariusforoux.com/effective-writing

Join the Effective Writing course In Effective Writing, I share the strategies, exercises, and tools you need to become a better writer so you can get anything you want in life.

More than 3,000 students have joined Effective Writing. Will you join us next?

Join here: members.dariusforoux.com/effective-writing

There are 3 rules to become wealthy and still live like a Stoic. Because, if you’re like me, we don’t really aim to become famous or own fancy cars.

We simply want to build wealth so we can have peace of mind. That’s the key to a wealthy and satisfying life.

In this video, I talk about the 3 Stoic rules to achieve the above. We’ll dig into thriving in a winner-takes-all economy, breaking through misfortune and bad things in life, and becoming more resilient through the regular meditation on loss.

When we follow these 3 Stoic rules, we give ourselves the mental capacity for growth - which is the key to progress and inner fulfillment.

Grab your copy of The Stoic Path to Wealth here:

http://stoicpathtowealth.com/

#Stoicism #WealthBuilding #PeaceOfMind #Resilience #Meditation #PersonalGrowth #InnerFulfillment #StoicPhilosophy #MentalStrength #LifeAdvice

Timestamps:

00:32 - 3 Rules to become wealthy and live like a Stoic

00:48 - About Me and The Stoic Path to Wealth

01:06 - Rule #1: Demand the best of yourself

01:38 - What is Stoicism? It’s a framework for living. (And a very simple philosophy to follow)

02:30 - What does this First Rule do to you in terms of wealth? (Winner-takes-all economy)

04:09 - How to get value + inner satisfaction while earning more

05:33 - Rule #2: Misfortune is actually fortune

06:18 - Marcus Aurelius on the impediments to life

08:15 - Looking at the bad things that happened to you as fuel/wealth

09:13 - Rule #3: Thinking about loss makes you tougher

09:44 - Seneca on the foresight of loss

10:29 - Regularly meditate on taking losses

11:23 - “I’ll be fine” mindset

12:29 - Why a lot of folks stagnate, at some point, in their careers

13:18 - The key to all three rules

13:42 - Why people in today’s world are not progressing

On this episode, I'm joined by Amantha Imber, who's an organizational psychologist and founder of behavioral science consultancy Inventium. She also hosts the How I Work Podcast (I've also been on her show!).

We talked about her latest book, Time Wise, which is about how the get the most out of your time in a meaningful way. Learn more about her work here: https://www.amantha.com

Thanks for listening! --- I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers.  Get your free Growth Kit here: dariusforoux.com/growth-kit

Timestamps:

00:00 - Introduction | Dr Amantha Imber
00:26 - How I work podcast
00:33 - Time Wise
01:22 - Creativity formula
02:20 - Mindset and taking the first step
04:40 - What happened in-between the Podcast and first book
07:00 - Adam Grant, Amanda Palmer, and Matt Mullenweg.
10:36 - Strategy to avoid burnout
11:38 - Four -day workweek
13:07 - The gift of the 5th
19:46 - Thoughts about "Sleep"
24:05 - "Big personal goal" or BPG
25:39 - Methods for improving "Focus"
28:39 - Incorporating "solitude" in life
31:13 - Book "Solitude"
33:31 - Importance of character and knowing yourself
34:09 - Simple journaling
34:50 - Incorporating reflection/journaling
36:53 - Six Spokes Theory
39:59 - Getting overly focused on the timeframe
42:19 - Set goals that you can control
44:19 - Personal energy being underrated
45:23 - Creating structure for writing a book

Hi there! In this episode, I'm sharing advice for procrastinators and I talk about a strategy that can make you more successful.

Based on Wise & Wealthy newsletter #89:

https://dariusforoux.com/two-words-of-advice-and-strategic-opportunism/

Hey there! Here’s a new episode. I talk about my latest projects and a simple strategy you can use to achieve your goals.

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

A few words of encouragement. Thanks for listening.

https://members.dariusforoux.com/procrastinate-zero-2

In this episode, I share my answers to the most frequently asked questions about my new book, The Stoic Path to Wealth.

Enjoy!

Grab your copy of The Stoic Path to Wealth: 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

The guest for this episode is Penny Phillips, the co-founder of Journey Strategic Wealth, a Registered Investment Adviser for advisors. She’s also the founder of Thrivos Consulting, where she coached and consulted financial advisors.

I invited Penny because of her ideas about wealth building that she’s been sharing on Twitter and YouTube. On this episode, we talked about her journey, personal values, building a career in finance, coaching people who were older than her, and many more topics.

Follow her on Twitter: https://twitter.com/ThrivosLLC

Read more about her bio: https://journeyswadvisor.com/who-we-are/penny-phillips/

Thanks for listening!

I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers.  Get your free Growth Kit here: dariusforoux.com/growth-kit

Timestamps:

00:12 - Introducing Penny Phillips
01:33 - Her backstory
07:00 - Family values to be successful
12:35 - Age discrimination
18:11 - What success feels like (Visualization)
20:44 - Finding balance
21:10 - Do not compare yourself to others
21:25 - The Paradox of Happiness: Why Desiring More Makes Us Miserable
23:06 - From being in the corporate world to building a business
33:05 - Work life and personal life
39:21 - Surround yourself with people who understand you
40:50 - Perception is reality
43:25 - Be your own hype person
45:42 - Geraldine Wise, the first successful woman on Wall Street
52:24 - Penny on building her first business
57:19 - Rely on things you know to be true
59:55 - Consulting vs coaching
1:04:02 - The role of behavioral change
1:04:33 - What financial advisors do
1:09:25 - The best way to learn as a financial adviser

Today, I'm sharing my thoughts on a topic that might surprise you: inconsistency.

Yes, you heard right. We often hear that consistency is the key to success, but let's be real - life isn't a straight line.

There are bumps, detours, and sometimes, complete standstills. And that's okay. Inconsistency is not a failure; it's part of the journey. The second half of this episode is about investing wisdom.

Have you heard Warren Buffett's quote, "If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don’t need extraordinary intelligence to succeed as an investor"?

This quote resonates with me deeply. It shatters the myth that only geniuses can succeed in investing. In reality, patience, discipline, and emotional stability are the traits that make a successful investor. And the good news?

These are traits you can learn. So, whether your journey is about personal development or investing, remember - progress, not perfection, is the goal.

So join me today as we explore these ideas further. Whether you're navigating the unpredictable road to self-improvement or trying to make sense of the investment world, I hope this episode offers you some insight and encouragement.

Remember, it's all about progress, not perfection.

Find my articles here: http://dariusforoux.com/articles/

In my experience, there are a few things you can do when your brain feels clogged.

1. Get rid of your overwhelming goals: What’s a big goal that you really want to achieve badly? Something big. Delete it from your brain. Focus on the present and enjoy yourself. You can always come back to your goal later.
2. Stop multitasking: Focus on one thing at a time.
3. Take a few days off or work less: Your brain needs some rest!
4. Limit negative inputs: Avoid negative people for a while. And also avoid negativity on social media and the news.
5. Take a long walk: You’ll feel much calmer while getting some exercise.
6. Sleep early: Avoid screens and take a book with you to bed.

You wouldn’t keep your computer running without ever restarting it. Likewise, your brain needs to rest and rejuvenate, especially when pushed to its limits.

More on each tip in this episode.

Join the Financial Freedom Challenge

I've created a free 5-day email course. It's called the Financial Freedom Challenge, and it will help you take control of your finances and start building wealth.

Break free from living paycheck to paycheck with nothing to show for.

Sign up here (no cost): members.dariusforoux.com/financial-freedom

In this episode, I invited Jimmy Soni, who's an author, speaker, and speechwriter, to talk about the founders of Paypal and Elon Musk, We talked about work ethics, consistency, vision, leadership, and his writing process.

The Founders by Jimmy Soni: amazon.com/dp/1501197266/

Learn more about Jimmy here: jimmysoni.com/

Thanks for listening!

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Receive weekly tips to become Wise & Wealthy

Wise & Wealthy is a weekly newsletter full of proven ideas to become smarter and wealthier. I send this short email every Monday and every other Thursday.

Join for free here: dariusforoux.com/

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Timestamps:
00:46 - The Founders: The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley
01:11 - Elon Musk & Twitter
02:24 - Zip2
02:56 - X.com
03:39 - Space X
04:16 - Consistency of vision
07:18 - Scale of ambition
08:22 - How Elon Musk put the same amount of pressure.
11:15 - Leadership
13:44 - Max Levchin's management training
16:30 - Hiring and empowering people that are better than you
17:48  - Peter Thiel, Reid Hoffman, David O. Sacks
19:47 - Enough amount of confidence to get somewhere
20:04 - Sanjay Bhargava
20:59 - A company is an exercise and a recursive self-improvement
23:59 - Why is it called X.com?
26:09 - SB Master (Naming Paypal)
29:08 - Wealthfront
31:24 - First principles thinking
33:50 - Challenge your own habits
37:58 - "Money is an information system"
42:56 - On asking yourself, Why?
50:32 - Amy Klement
53:35 - Ways to convert difficulties
59:46 - David Goggins "Memoir" Can't Hurt Me: Master Your Mind and Defy the Odds
1:00:38 - Jimmy Soni's Writing process
1:12:43 - Seth Goldin - Purple cow
1:14:23 - Jimmy Soni's Reading habit
1:15:48 - Brad Stone's "Everything story"
1:17:37 - Walter Isaacson
1:19:07 - Relentless.com "a.k.a Amazon"
1:26:53 - Spend time and energy to do something and feel accomplished

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

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 people is the first $100,000. If you have a standing start at zero, getting together $100,000 is a long struggle for most people.”

This is so true. In this episode, I talk about my own journey. Here are the stages.

The First Three Years: The Foundation Year Four: Start Reaping Year Five: Compounded Reaping

Listen to the episode to hear me talking about it more in-depth: https://dariusforoux.com/first-100k/

Join the Financial Freedom Challenge

I've created a free 5-day email course. It's called the Financial Freedom Challenge, and it will help you take control of your finances and start building wealth.

Break free from living paycheck to paycheck with nothing to show for. Sign up here (no cost): members.dariusforoux.com/financial-freedom

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

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 and the lives of people you care about depend on it – then how could you increase your odds of success?

Try this:

1. Always aim high. People will try to make fun of you. Tell you to be more ‘realistic.’ They will try to marginalize you. Don’t listen. Never let the small-mindedness of others contaminate your mind.

2. Focus on one thing per area. Divide your life into separate areas – say work, health, hobbies, relationships. Each area only gets one objective. Learn to decline other pursuits.

3. Adapt yourself. As Charles Darwin said: “It is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change.” Try to be constantly aware of your environment. And adapt as needed.

4. Get rid of your “okay” desires. There are many things we want in life that aren’t that important to us. We simply want them because they make things a bit easier or more convenient. This is fine, but doing too many can add up and distract you from your goals. Focus on things that you truly want. And discard the rest.

5. Embrace crazy. While you may not have the capacity to invent the next Facebook, solve world hunger, and send rockets to space — You can still aim to be a successful entrepreneur who also runs marathons.

Pursuing success in business and maintaining physical fitness can be goals that complement each other: A healthier individual is often more productive.

Those who have truly made an impact on the world didn’t dilute their ambitions. They embraced their craziness.

In this episode, I share how I’ve applied this framework in my own life.

Join the Financial Freedom Challenge

I've created a free 5-day email course. It's called the Financial Freedom Challenge, and it will help you take control of your finances and start building wealth.

Break free from living paycheck to paycheck with nothing to show for.

Sign up here (no cost):

members.dariusforoux.com/financial-freedom

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

We often run into situations where we can make a smart choice and a "not so" smart choice. For example: Will you watch an episode of your favorite tv show? Or will you exercise? On this episode, I talk about four situations where you want to go for the smarter choice.

Thanks for listening!

---

I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers.

Get your free Growth Kit here: dariusforoux.com/growth-kit

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’m joined by the investor and author Vitaliy Katsenelson. He’s known for his investing track record and books about value investing. But in his latest book, Soul in the Game, he shares his philosophy for life.

We talked about Stoicism, journaling, art, skills, and how everything translates to a meaningful life.

Enjoy!

Get Soul in the Game here: http://soulinthegame.net

Learn more about Vitaliy: https://contrarianedge.com

---

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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 in 2022 and spent six months living in Spain. I learned a lot. And I even met my girlfriend there.

But I realized that living somewhere warm was just a dream.

I got used to the weather. And it made me realize that I was complaining too much about the weather in The Netherlands.

Since I got back, I’ve been enjoying my hometown a lot more.

This is literally the oldest cliche in the book, but home is truly where the heart is.

As you go about your day, don’t forget to appreciate your town, no matter where you’re from.

Join the Financial Freedom Challenge

I've created a free 5-day email course. It's called the Financial Freedom Challenge, and it will help you take control of your finances and start building wealth.

Break free from living paycheck to paycheck with nothing to show for.

Sign up here (no cost): members.dariusforoux.com/financial-freedom

Are you ready to turn the page towards a more fulfilling life? In my latest video, "Journaling Will Change Your Life: 4 Tips to Get Started," I delve into the transformative power of penning down your thoughts.

This isn't your typical 'Dear Diary' stuff - it's about self-discovery, growth, and turning dreams into reality. It's like having a conversation with yourself, a friend who's always there to lend an ear, and a personal coach rolled into one.

I'll share four practical tips to kickstart your journaling journey, from which type of journal to choose, to the best time to write, to overcoming the initial fear of that blank page. 

I've been there too, staring at an empty page, wondering where to start. I'll help you navigate those beginning stages, and soon, you'll be filling pages with your deepest thoughts and brightest ideas.

Remember, this is your story, and only you can write it. So why not start now? Tune in to get started on your journaling journey. Because as I love to remind you - the best time for self-improvement is always today!

____________________________________________

Free course: Wealth Strategies https://dariusforoux.com/wealth-strategies 

Free newsletter: Wise & Wealthy https://dariusforoux.com

I recorded a podcast about how I got started with writing. A few readers have asked me about this recently. They mentioned they were stuck right now and were looking for inspiration in other people’s stories.

Here’s a brief version of mine.

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On this episode, I’m expanding on the previous one. Right after I finished recording part 1, another reader asked me how I generate revenue as a writer and teacher. I talk about that (and more) on this episode. 

Learn more about http://digitalbusiness.school.

---

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Wise & Wealthy is a weekly newsletter full of proven ideas to become smarter and wealthier. I send this short email every Monday.

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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

On this episode, Ben Dunkel and I talk about Bitcoin and cryptocurrencies. A lot has changed in recent years, and more people are now owning Bitcoin and other crypto. But there are also a lot of people who are interested in getting started. We also talk about getting started with crypto.

Learn more about Ben Dunkel on www.howtobegincrypto.com

Thanks for listening!

---

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Success isn't just about luck or talent - it's about adopting the right mindset. In this enlightening video, we delve into the 5 powerful mindset shifts that have transformed the lives of many successful individuals.

From embracing failure to fostering resilience, these mindset shifts will empower you to overcome barriers and reach new heights.

Whether you're an entrepreneur, a student, a professional or someone looking to unlock their potential, this video is for you. You'll learn how to cultivate a growth mindset, develop a relentless focus, embrace change, practice gratitude, and build resilience.

These key mindset shifts are not just theories; they're practical, actionable strategies you can implement in your life now. So, don't wait for success to come knocking on your door - make the shift and create your own success story.

Join us on this transformative journey and remember that your mindset is the only limit to your success. Tune in, subscribe, and let's start building your path to success today!

Timestamps:

0:00 - Introduction 0:50 - Progress over perfection 2:38 - Focus on high impact 5:08 - Practice gratitude and simple living 6:36 - Use setbacks as energy

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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 an article with 12 lessons I learned. In this episode, I share every point briefly. And at the end, I talk about my most important takeaway.

Read about the other lessons here: https://dariusforoux.com/learned-from-writing/

Join the Effective Writing course In Effective Writing, I share the strategies, exercises, and tools you need to become a better writer so you can get anything you want in life.

More than 3,000 students have joined Effective Writing. Will you join us next?

Join here: members.dariusforoux.com/effective-writing

What does it mean to be wealthy? It's a common belief that being wealthy means having lots of money. That’s true on some occasions, but it’s not always the case.

My book “The Stoic Path to Wealth”, introduces another way of looking at life. This is the first book that combines wealth building and investing with Stoicism. Because the Stoic philosophy is about focusing only on what you can control and disregarding anything else. It’s a philosophy you can apply to every aspect of your life, especially wealth.

To lead a wealthy life while remaining Stoic is to manage your emotions and focus on what you can do with your own money. In this video, I will summarize the most important points of The Stoic Path to Wealth.

Grab your copy of The Stoic Path to Wealth here:

⁠http://stoicpathtowealth.com⁠

#WealthBuilding #Stoicism #Investing #FinancialFreedom #StoicPhilosophy #PersonalFinance #MoneyManagement #TheStoicPathToWealth #EmotionalIntelligence #LifePhilosophy

Timestamps:

0:10 - My investment journey

0:58 - To become financially independent is the ultimate goal in life

1:27 - About me and The Stoic Path to Wealth

2:20 - Having a sense of financial independence gives you a lot of confidence

3:00 - The reason I wrote this book

3:25 - Other ways of becoming wealthy other than having a lot of money

4:58 - Why you need to invest

5:34 - The problem with not investing

5:54 - You need to own assets

7:30 - Divorce your time with your income

8:00 - This book is a way of life

8:15 - Money isn’t evil

8:50 - The key to building wealth is to manage your emotions

9:02 - Stoicism is to focus on what you can control

9:24 - Stoicism was a philosophy primarily for wealthy people (but not anymore)

10:30 - We are all rich

11:07 - You can apply Stoicism to every single area of your life

13:27 - The key to becoming wealthy in a Stoic way is by acquiring the Stoic Edge

13:35 - The best investors say you need to have an Edge

13:45 - Size Edge

15:08 - Quant Edge

16:47 - History really matters

17:20 - Information Edge

18:02 - This is very difficult in today's period

18:24 - The Stoic Edge is easily attainable

19:21 - Simply buy an S&P 500 index fund

20:31 - Principle 1: Valuable skills are better than money

21:31 - Focus on becoming the best at what you do

22:08 - Form the habit of investing by starting out early with any amount that you can miss

22:47 - If you look at yourself as an investor, you will take it more seriously

24:22 - Principle 2: Accept loss

25:11 - The stock market is either going up or going down

26:24 - Be comfortable with short-term losses

27:32 - Let the money do it’s work for you

28:36 - As long as the economy keeps going up, the stock market will also keep going up

30:06 - Changing your mindset when it comes to taking losses

30:32 - You have to manage your greed

31:45 - Principle 3: Compound your money

32:20 - You can’t really count on short-term results

33:05 - To truly compound your money, you need a certain confidence

35:50 - Final Message

36:56 - It’s not a matter of “if” you become wealthy, it’s a matter of “when”

37:51 - Make sure that you live in the present moment

In life, things usually follow a trend. The trend is either upward, and things are getting better, or it’s downward, and things only get worse. Even when things are moving sideways, it often feels like a downtrend because everything else around you seems to keep moving up. Learn more about that in today's episode!

Thanks for listening!

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In this episode, I'm sharing 5 tips for desiring less, so you can stay happy. Learn more about the desire for more and the destruction of happiness here: https://dariusforoux.com/paradox-of-happiness/

Thanks for listening! 

--- 

I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers.  Get your free Growth Kit here: dariusforoux.com/growth-kit

Whether you’re a short-term trader or long-term investor, if you are too active, you probably will lose as much as you win. And if you’re unlucky, you’ll even lose more than you win. Both situations are undesirable. On this episode, I talk about a better way to approach investing opportunities.

Thanks for listening! 

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I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers.  Get your free Growth Kit here: dariusforoux.com/growth-kit

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 wanting more, but appreciating what we already have. Contentment comes from understanding and valuing our present achievements, rather than constantly striving for the next big thing.

We all want a bit more. That’s just natural. We want a bit more income to buy the stuff we want; more time to achieve more things; more strength and stamina to experience more of life, and so forth.

And here’s the thing: It’s okay to strive for these goals. We don’t have to let ourselves stagnate. But we also need to take some time to appreciate what we already have.

It’s something I like to journal about regularly. I look back and see how far I’ve come from when I started. When you’re consistent in executing your goals, you’ll go far, even little by little. And that’s something to be grateful for.

Join the Financial Freedom Challenge

I've created a free 5-day email course. It's called the Financial Freedom Challenge, and it will help you take control of your finances and start building wealth.

Break free from living paycheck to paycheck with nothing to show for. 

Sign up here (no cost): https://members.dariusforoux.com/financial-freedom

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’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

Today, I’m sharing some of my favorite books that I haven’t talked about in other posts.

These are books I’ve learned a lot from. And I really can’t recommend them enough.

Here's the post with the links to the books: https://dariusforoux.com/7-books-that-make-you-a-better-human/

Thanks for listening!

 --- 

I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers.  Get your free Growth Kit here: dariusforoux.com/growth-kit

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 the best.

Here’s a simple idea: If you have freedom, you have wealth

A lot of people fall into the trap of endlessly chasing more money. They wait to feel fulfilled until they have a certain amount of money in stocks or the bank. But wealth is more a feeling than a number.

Wealth isn’t just about accumulating money; it’s about financial stability and freedom. It’s the ability to weather financial emergencies, the freedom to make choices that aren’t dictated by financial constraints, and the peace of mind that comes from knowing you’re financially secure.

High earners can still struggle financially if they spend recklessly and save little. On the other hand, those with modest incomes can accumulate substantial wealth by living frugally and saving diligently. This is where simple investing ideas come in.

When you focus on setting your life up in a way that you have freedom, you can call yourself wealthy. And you can feel free even if you’re not a millionaire.

Read about more simple investing ideas: https://dariusforoux.com/investing-ideas/

Join the Financial Freedom Challenge

I've created a free 5-day email course. It's called the Financial Freedom Challenge, and it will help you take control of your finances and start building wealth.

Break free from living paycheck to paycheck with nothing to show for.

Sign up here (no cost): members.dariusforoux.com/financial-freedom

It's been a while since I did one of these "update" episodes. In this one I talk about training for a race, traditional publishing, rebranding my newsletter, and more. 

Thanks for listening! 

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Learn more about how you can improve your energy, focus, and productivity.

dariusforoux.com/pz-2

On this episode, I talk about a simple question I often ask myself. This question helps you to make sure you're on the right path. We spend so much of our time at work, that it's important we enjoy our work. 

Thanks for listening!

---

I’ve put together 6 resources with proven tips for optimizing your life and work. It’s free for my newsletter subscribers. 

Get your free Growth Kit here: dariusforoux.com/growth-kit

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

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

So many of us think the source of fear is because there are so many unknowns in life. We believe that uncertainty usually leads to fear. But that's not always true. On this episode, I talk about how most of us are actually afraid of the known.

Thanks for listening!

---

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In this episode, I invited Shane Neman, who's an entrepreneur and investor, to talk about the current bear market. We talked about our first experiences with investing and bear markets. How we dealt with losing money. And how we've adjusted our strategies.

Learn more about Shane: shaneneman.com

Timestamps

00:10- Shane Neman (introduction)
00:55 - Bear Market experience
05:19 - Emotional challenges/experience
09:51 - Diversifying
10:45 - Detaching the self from money
12:43 - "Investing is having a long term vision"
14:38 - Be greedy when everyone else is fearful
15:31 - Jeremy Siegel "Stocks for the long run"
19:37 - Stick to your strategy
21:39 - Bill Ackman & Netflix
23:15 - Foundation of investing
30:28 - Relying on your skills
35:55 - "Todays Market"
40:26 - 90|10 Rule investing
46:40 - How to prevent going Nuclear
50:54 - Play games you're good at
51:55 - Buy low, sell high
54:58 - Winners are the ones that are the most patient
56:00 - Be financial literate
58:55 - END

Thanks for listening! 

---

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Wise & Wealthy is a weekly newsletter full of proven ideas to become smarter and wealthier. I send this short email every Monday and every other Thursday.

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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

On this episode, I talk about how I invest during a market downturn. Stocks have been very volatile recently. And I also share some lessons from Stoicism that can be useful right now. Learn more about Stoic Investing: https://dariusforoux.com/stoic-investing/ --- This episode is brought to you by Knowable, a new platform that offers audio courses from the world’s best minds straight to your devices. What I love about Knowable is that it’s short-form like a podcast, and at the same time deep dive like an audiobook. If you’re into learning new skills and ideas from great people, you’ll love this app. My audience gets an annual membership to Knowable for an additional 20% off. To get instant access to all their audio courses, visit http://knowable.fyi/subscribe and use the code DARIUS for an additional 20% off.

On this episode, I talk about why repeat customers are so essential for a business. Sponsored by my course, http://digitalbusiness.school - Registration will open on March 29!

If you truly want to help a lot of people, you still need to be mindful of the principles of persuasion. No one trusts a doctor who shows up in a skater outfit. But if a skater puts on a white lab coat and carries a doctor bag, we instantly think it’s a doctor. So skills matter. But perception matters too. That's the power of authority. And on this episode, I talk about how to create it. 

More tips: https://dariusforoux.com/authority/ 

Sponsored by my course, http://digitalbusiness.school

Hey, I'm Darius Foroux. I'm an author and entrepreneur. On my podcast, I talk about everything I've recently learned. I'll talk about life, business, relationships, productivity, etc. Send me your questions, I'll answer them.

In the first episode, I talk too fast, say weird stuff, and ramble for way too long. I also recorded it, edited it, and even made the music for it with Garageband. It’s safe to say my podcast is not perfect.

In this episode, I ramble about working too much, Shark Tank, social media, building an online community, and finding mentors.

In this episode, I share a quick answer to a question I received about criticism.

In this episode, I talk to Paul Jarvis, a designer, author, teacher, software creator, and podcaster. We talk about entrepreneurship, dealing with criticism, having an inner compass, providing value to other people’s lives, and much more topics.

What do you do when everyone does the same thing in your industry? Do you try to take a different approach, or do you look at best practices? In this episode, I share how I like to stand out from the crowd as a productivity writer.

From now on, episodes will be 20 minutes and come out every Thursday. In this episode, I ramble about being busy, back pain, and flat earth theory. I also answer a reader’s question: “How do you build a stable career?”

Nalden is a self-taught entrepreneur. He's the co-founder of WeTransfer and is known as one of the most successful bloggers of The Netherlands. In this interview, we talk about entrepreneurship, blogging, learning, creating, and dealing with distractions.

How many minutes of undisturbed work do you get done on an average day? 10, 20, maybe 50 minutes? If you think that sounds low, just examine your life. Most of us can’t go undisturbed for more than 10 minutes. We’re all so connected that it becomes impossible to find time to focus on yourself and your work. Some of us get hundreds of notifications and messages per day. In this episode, I talk about: 1. Why no priorities means no focus. 2. How you can get rid of distractions at work and life. 3. Why no focus means that you’re not in control of your life.

In this episode, I talk health and fitness. You’ll learn: 1. What effective strength training means 2. How you can prioritize exercise 3. Where and how you can educate yourself about fitness 4. How to set goals for fitness 5. Why diet is more important than working out

There’s a very fine line between boredom and having a burnout. In this episode, you'll learn more about the right level of challenge that we need in our life, career, and relationship so that we can grow.

Last year I decided to make a list of the most important life lessons I had learned until then. I had no idea that a year later, the article was viewed more than two million times. The article is a reader’s favorite. And I still get emails about the article almost every week. So I thought I’d create an audio version of it, narrated by me. After the audio article, I talk about how and why I wrote the article. So if you’re interested in behind the scenes, stick around until after the audio article. Enjoy! If you want to read along, you can find the post here: http://dariusforoux.com/25-things-about-life-audio

Claude Shannon, considered as the Einstein of the Information Age, made many contributions to science and society during his lifetime. That thing you’re holding in your hand or that’s sitting on your lap, reading these very words, are made possible by Shannon. Jimmy Soni and Rob Goodman, authors of Rome’s Last Citizen, just published a book about the life of Claude Shannon. Shannon was an American mathematician and electrical engineer known as “the father of information theory”. He is also known for inventing digital circuit design theory in 1937, when he was only 21 years old. He's considered as one of the greatest inventors in modern history. Listen to the full interview to learn: - How you can use curiosity to achieve success and overcome obstacles - A simple strategy to find new opportunities - Why forming positive habits will help you finish anything - What Radical Simplification means (Claude Shannon’s strategy to get better results) - Why having no ego leads to more happiness - How you can use distractions to achieve more

I talked to #1 NYT bestselling author Ryan Holiday about creating products and books that sell for decades.  In his latest book, Perennial Seller, he outlines his system for creating books and products that stand the test of time. Because who doesn’t want to create something that people love? Or write a book that thousands of people read? And more importantly, who doesn’t want to make something that sells for years to come?

Mike Thurston is a fitness coach who built a 220k+ following on YouTube in 8 months. Now, he’s making a living by doing what he loves. In this episode, I interview Mike about fitness, diet, health, online business, YouTube, and much more.

This episode features an audio version of my article about career mistakes. Believe me, I’ve made a lot of unnecessary mistakes. Unnecessary because these are mistakes I could have easily avoided if I learned more from other people’s mistakes. Enjoy! Read the full article here: http://dariusforoux.com/career-mistakes/

I recently changed the title of my podcast. On this episode, I explain why. I also share what I've learned about picking the right name for your brand.

Welcome to a new segment of this podcast. At the beginning of every new month, I talk about the things I’ve learned during the previous month. 1. Keep a list of “What I’ve Learned” for yourself. For your personal development, and to make sure that everything you learn sticks with you, it’s good to keep a list. It’s simple. Just open a note and add new things to it as you go through a month. The point is that you want to be more conscious about learning. That’s how we retain more of the stuff we learn. 2. When you deal with setbacks, focus on learning instead of goals. Everyone deals with failure. What’s important is how you get out of a negative mindset. I do that by getting excited about new things to learn. 3. Stretch your muscles! Most importantly, your hip flexors and hamstrings. Those muscles are the biggest pain points for desk workers.

That's a question I received from a reader. And on this episode, I share my thoughts on finding your passions, turning it into a career, and the one thing.

This is one of my favorite episodes. Robert Sutton, who wrote The No Asshole Rule, has a new book with practical tips on how to deal with assholes and workplace jerks. And we talked extensively about how you can 1) spot an asshole 2) prevent yourself from getting hurt 3) fight back. Robert also gives personal examples in this interview, which I found very interesting and useful. Enjoy!

For the longest time, I believed that there’s only one purpose of life: And that is to be happy. But I was wrong. Listen to the full audio article. Read the full article: http://dariusforoux.com/happiness-usefulness/

How do you get a raise? How do you get good at networking? How do you sell your products? How do you convince people of something you believe in? 
These are all questions I’ve thought about throughout my career. And I’ve learned that no matter how productive or good you are, it means nothing without persuasion skills. Because what’s an artist without an audience? Or a leader without a following? I always try to learn more about persuasion because it's a topic you can never know enough about. Plus, it's something you apply every single day during the conversations you have, emails you send, and calls you have.  Persuasion matters. That’s why I asked Katrina Razavi, an entrepreneur and communications coach, to share her favorite tips on my podcast. You’ll learn how to: 1. Identify and kill your social nerves 2. Approach anyone, anywhere 3. Have smooth conversations 4. Adopt body language that’s persuasive 5. Handle tough conversations

It's been a while! On this episode, I share what I've learned during the past three months. I talk about writing a book, real estate, business, and entrpreneurship.

Whether you like them or not, New Year’s resolutions are great to create a positive change in your life. But I read that 92% of people with New Year's resolutions fail! So in this episode, I share my top 5 tips that help you to KEEP your New Year's resolutions. Become a part of the 8% that succeeds.

You can easily measure a business by looking at the numbers. Turnover, profit, costs, employee churn, etc. But how do you measure your life? I have studied how the most successful thinkers of our time measure their lives. The answer is surprising. You rarely hear that successful people measure their life by the size of their bank account or any other conventional measure. On this episode, I talk about how they measure life. Enjoy!

“What should I do next?” Is what you should never think to yourself. You can have all the plans and goals in the world, but if you don’t know how you’re going to make them happen, you’re lost. Dwight Eisenhower said it perfectly: “Plans are nothing; planning is everything.” When you plan your days, you know what you have to do. And when you do what to do, you do more! P.S. Do you want to get my best productivity tips for free? I’ve made an eBook with 5 tips, exercises, and video training, that you can use to get immediate results. Curious? Get the book for free: http://dariusforoux.com/productivity-secrets/

Ernest Barbaric is an entrepreneur, podcaster, and #TEDx Speaker. He’s also a someone who I enjoy to follow. Ernest has a strong inner compass that drives his work. And in this conversation, we talk about how I became that way. We talk about his journey to becoming an entrepreneur. What I like about Ernest is his honesty. I think all entrepreneurs can relate to his story. I sure do. We talked about different topics: - Disconnecting - Journaling to reflect and learn - Saying no - Self-awareness - Trusting the process - Enjoying the journey - Relying on systems, and not goals Enjoy! P.S. Do you want to get my best productivity tips for free? I’ve made an eBook with 5 tips, exercises, and video training, that you can use to get immediate results. Curious? Get the book for free: http://dariusforoux.com/productivity-secrets/

Every time you're not doing the things you know you should do, you're procrastination. It's been around since the start of modern civilization. Historical figures like Herodotus, Leonardo Da Vinci, Pablo Picasso, Benjamin Franklin, Eleanor Roosevelt, and hundreds of others have talked about how procrastination is the enemy of results. On this episode, I talk about how you can overcome procrastination by creating a system you can rely on. I also talk about the new look of my podcast. P.S. Do you want to get my best productivity tips for free? I’ve made an eBook with 5 tips, exercises, and video training, that you can use to get immediate results. Curious? Get the book for free: http://dariusforoux.com/productivity-secrets/

Productivity tips get a lot of criticism. On the last episode, I talked self-imposed deadlines. Do they work? Or not? Well, here’s thing: NOTHING will work if you lack internal drive. P.S. Do you want to get my best productivity tips for free? I’ve made an eBook with 5 tips, exercises, and video training, that you can use to get immediate results. Curious? Get the book for free: http://dariusforoux.com/productivity-secrets/

Networking is dead. It’s transactional, one-directional, and selfish. Ryan Paugh, the author of Superconnector, is someone who builds communities for a living. He sees building relationships and communities as the new networking. And I agree. Every entrepreneur, creator, and professional can benefit from having a strong community. But how do you build lasting relationships and communities that are beneficial for everyone? Ryan shares his ideas on this episode. Connect with Ryan: Superconnector book: http://amzn.to/2GV7iyK Twitter: http://twitter.com/ryanpaugh Website: http://ryanpaugh.com Thanks for listening! P.S. Do you want to get my best productivity tips for free? I’ve made an eBook with 5 tips, exercises, and video training, that you can use to get immediate results. Curious? Get the book for free: dariusforoux.com/productivity-secrets/

On this episode, I share an exercise that I picked up from Peter Drucker. You can use it to: * Improve your self-awareness * Understand how you spend your time * Find out how much time you waste * And how you can improve your personal effectiveness so you can live the life you want Want to read more about this concept? Check out my article: http://dariusforoux.com/stop-wasting-time/ P.S. Do you want to get my best productivity tips for free? I’ve made an eBook with 5 tips, exercises, and video training, that you can use to get immediate results. Curious? Get the book for free: http://dariusforoux.com/productivity-secrets/ Want to ask me a question? Get in touch! http://dariusforoux.com/contact/

“You’re the average of the five people you spend your time with.” It has become such a cliché. But I don’t think that we truly understand the impact that other people can have on us. The great Stoic philosopher, Epictetus, said this in his Manual For Living (http://amzn.to/2Gi2hBq): “Avoid fraternizing with people who don’t share your values. Prolonged association with those with false ideas can only tarnish your thinking. Look at it this way. Would you give $1000 to the people in your life if they asked for it? If the answer is no, stop giving the people who don’t share the same values as you, your time. I’ve narrowed down the list of people I spend 90% of my time with to my direct family and my two best friends. Other than that, I spend my time working and exercising. That’s what I mostly do. And I’ve never enjoyed my life this much. So how do you surround yourself with people who want the best for you? Here are 5 tips: 1. Avoid toxic people 2. Get comfortable with being alone 3. Surround yourself with books, videos, podcasts, audiobooks of people you identify with 4. Find people who have virtuous values 5. Give, Give, Give Alternate A Manual For Living translation: http://amzn.to/2DkZEM3 Want to read more about this concept? Check out my article: http://dariusforoux.com/toxic-people/ P.S. Do you want to get my best productivity tips for free? I’ve made an eBook with 5 tips, exercises, and video training, that you can use to get immediate results. Curious? Get the book for free: dariusforoux.com/productivity-secrets/

Last week, I published an episode about why I avoid toxic people (http://dariusforoux.com/toxic-people/). I mentioned that I think less than 1% of the population has values. You wouldn’t believe how many people were offended by my opinion. “How do you know it’s less than 1%!” And a bunch of nasty words. Two people even emailed me a whole essay about why it’s “wrong.” People were truly hurt. They thought I was “wrong.” Ironically, in the same article, I mentioned that if you feel hurt, that’s because you decided that. But here’s the thing: There is no truth. I talk about this in my book, THINK STRAIGHT (https://amazon.com/dp/B077NJWFR3). Everything that’s presented as a fact in life is, in reality, an opinion. So when people try to challenge your opinions, know that they are playing a useless game. There’s only YOUR truth. Friedrich Nietzsche, the German philosopher who had a profound impact on western philosophy, famously said: “There are no facts, only interpretations.” When Nietzsche said that there are no facts, he meant that we, as human beings, ultimately rely on our interpretations of reality. There’s no way to confirm reality objectively. That doesn’t mean nothing is real and that we’re all living in a big dream. We just have to realize that facts are not the same thing as the truth. That simple thought saves you a lot of energy because it means no one can be right or wrong. Don’t bother with convincing people with different opinions of the “truth.” It’s just not a practical thing to do. Save your energy for other, more useful things. So stop caring what others think! It doesn’t matter. (http://dariusforoux.com/say-what-you-think/) Remember: There’s no universal truth or higher authority in life. You can say and think whatever you want. No one will stop you as long as it comes from a good place. There’s one condition though: Take ownership of your words. If you’re wrong, admit it with confidence. And be respectful. That will also boost your self-confidence. Give it a try. Thanks for listening! P.S. Do you want to get my best productivity tips for free? I’ve made an eBook with 5 tips, exercises, and video training, that you can use to get immediate results. Curious? Get the book for free: dariusforoux.com/productivity-secrets/

Do you ever feel misunderstood by others? Maybe you feel that people at work don’t get you. Or that your friends are not on the same page. Maybe others truly don’t get you. But that’s not because of them, it’s most likely because of your own behavior. On this episode, I'll tell you why perception is reality. Look, no one cares about your real intentions. Not because they are heartless or selfish. It’s because people simply don’t have the time to conduct a psycho-analysis on every single new person they meet. That’s why we have heuristics. We make decision short-cuts all the time. And one of the shortcuts we make is to judge what we see. Now, that might not be the best thing. It’s always better to collect more information before you judge someone. But the truth is that heuristics work. They make our lives easier. There’s nothing you and I can change about that. You might wonder “How do I change other people’s perceptions?” The answer lies in the science of influence. When I mention influence to people, they often think it’s something “fake.” They often say things like, “I don’t want to fake it till I make it.” But the science of influence has nothing to do with that or snake-oil salesmen tactics. Persuasion and influence revolve around two related questions: 1. How does our behavior influence the behavior of others? 2. How does other people’s behavior influence our behavior? No matter what you do, start applying the perception is reality mindset to your life, right now. The next time your spouse thinks you’re lazy, maybe that’s you made her believe you are. And if people at work think you’re bad at receiving feedback, maybe that’s because you made them think you’re not coachable. Look inwardly. Change your behavior for the better. And always be mindful of how others perceive you. Especially, if you want something from them. Want to read more about this concept? Check out my article: dariusforoux.com/perception-is-reality/ Sign up for my free newsletter: http://dariusforoux.com/newsletter P.S. Do you want to get my best productivity tips for free? I’ve made an eBook with 5 tips, exercises, and video training, that you can use to get immediate results. Curious? Get the book for free: dariusforoux.com/productivity-secrets/