Wise & Wealthy: Why smart people aren’t rich and stoic principles for life

Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday.

#126 – May 27, 2024

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Wise: Stoic principles

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 my new article, 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.

5 Classic Stoic Principles to Live By for a Happier Life

Wealthy: Being smart

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.

7 Money Mistakes That Prevent Smart People Getting Rich

One interesting thing

In a recent interview on Neal Brennan’s podcast, Jerry Seinfeld shared some great advice he received from David Letterman:

“Make sure you fail doing exactly what you want to do. That, you can live with.“

I love this way of looking at your career.

Thanks for reading! I hope you found this edition of Wise & Wealthy useful.

All the best,


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