Darius Foroux – The Stoic Path to Wealth

Darius Foroux is an investor, entrepreneur, blogger, podcast host, and writer in the personal development and personal finance space. He is an author and creator of 8 online courses and books focusing on productivity, Stoicism, and wealth building. He has over 281,000 Medium subscribers, 140,000 email newsletter subscribers, and his blog posts have been read by 30 million individual visitors. His work has appeared in TIME, NBC, Fast Company, The Economist, Vox, Inc., Observer, and many more publications​.

Today, Darius Foroux shares his personal journey, including his upbringing in a tight-knit family that valued togetherness and mutual support. He reflects on the lessons learned from his parents, particularly the emphasis on family unity and the importance of prioritizing the group over individual desires. This foundation, he explains, has been crucial in shaping his approach to life and finances.

The conversation then shifts to the core of Darius Foroux’s book, where he outlines how Stoicism can help us build wealth. He discusses the significance of managing emotions, maintaining a long-term perspective, and focusing on what we can control—our skills and habits. Darius emphasizes the importance of investing in oneself, not just financially but also in terms of personal development and building a strong network. He also shares his own investment strategy, which involves consistently investing in the S&P 500 index fund, and how this approach aligns with Stoic principles by promoting patience and discipline.

Finally, Darius Foroux and Larry touch on the concept of accepting loss and the dangers of greed. Darius explains that by adopting a mindset that prioritizes contentment over the relentless pursuit of more, we can achieve greater happiness and stability. This episode is packed with valuable insights and practical advice for anyone looking to navigate the complexities of financial markets with a Stoic edge. Whether you’re a seasoned investor or just starting out, the lessons shared in this episode will help you build a solid foundation for enduring prosperity.

Larry’s Takeaways

1. Embrace Stoicism for financial resilience.
2. Invest in yourself for lasting success.
3. Prioritize contentment over financial greed.

What You’ll Learn

00:02:53 – Introduction

00:03:45 – Overview of Darius Foroux’s Work

00:04:27 – Darius Foroux’s Family Background

00:05:09 – Stoicism and Wealth Building

00:06:24 – Darius’s Childhood Memories

00:08:23 – Seasonal Changes in the Netherlands

00:10:22 – Importance of Family Values

00:13:38 – Family Activities and Bonding

00:17:16 – Relationship with Father

00:20:57 – Financial Struggles and Lessons

00:24:58 – Perspective on the Next Generation

00:29:59 – Why Stoicism Helps Build Wealth

00:35:12 – Overcoming Fear in Investing

00:41:02 – Investment Strategy: S&P 500

00:45:05 – Investing in Yourself

00:50:22 – Accepting Loss and Avoiding Greed

Links

The Stoic Path to Wealth | Instagram

www.dariusforoux.com