“Riches have shut off many a man from the attainment of wisdom.” – Seneca
Whenever I succumb to social pressure to treat time as less valuable than income, that’s when I turn to stoicism.
In this special episode of the podcast, I’m sharing one of my favorite letters from Seneca, “On Philosophy and Riches.” This is a must-listen for anyone obsessed with increasing wealth or material possessions.
My favorite portion begins with, “I might close my letter at this point,” which you can listen to here.
If you want to learn more of Seneca’s teachings, I’ve compiled his letters into a collection called the Tao of Seneca.
- Listen to it on iTunes.
- Stream by clicking here.
- Download as an MP3 by right-clicking here and choosing “save as.”
Want to hear another podcast featuring lessons from Seneca? Listen to the episode on achieving self-ownership. In this letter, Seneca offers lessons related to being a good man and the true costs of things that appear free (stream below or right-click here to download):
This podcast is brought to you by Wealthfront. Wealthfront is a massively disruptive (in a good way) set-it-and-forget-it investing service, led by technologists from places like Apple. It has exploded in popularity in the last two years and now has more than $2.5B under management. Why? Because you can get services previously limited to the ultra-wealthy and only pay pennies on the dollar for them, and it’s all through smarter software instead of retail locations and bloated sales teams.
Check out wealthfront.com/tim, take their risk assessment quiz, which only takes 2-5 minutes, and they’ll show you—for free–exactly the portfolio they’d put you in. If you want to just take their advice and do it yourself, you can. Well worth a few minutes to explore: wealthfront.com/tim.
This podcast is also brought to you by 99Designs, the world’s largest marketplace of graphic designers. I have used them for years to create some amazing designs. When your business needs a logo, website design, business card, or anything you can imagine, check out 99Designs.
I used them to rapid prototype the cover for The 4-Hour Body, and I’ve also had them help with display advertising and illustrations. If you want a more personalized approach, I recommend their 1-on-1 service. You get original designs from designers around the world. The best part? You provide your feedback, and then you end up with a product that you’re happy with or your money back. Click this link and get a free $99 upgrade. Give it a test run.
QUESTION(S) OF THE DAY: Are you unhappily striving to gain wealth? If so, how has this letter from Seneca helped your mindset? Please let me know in the comments.
Scroll below for links and show notes…
- On Philosophy and Riches [5:38]
- On the fear of poverty [7:00]
- On prioritizing wisdom over wealth [9:53]
- “I might close my letter at this point…” [11:53]
The Tim Ferriss Show is one of the most popular podcasts in the world with more than 600 million downloads. It has been selected for "Best of Apple Podcasts" three times, it is often the #1 interview podcast across all of Apple Podcasts, and it's been ranked #1 out of 400,000+ podcasts on many occasions. To listen to any of the past episodes for free, check out this page.