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

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