Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday.
#81 – July 24, 2023
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Wise: Art of rest
Whenever life starts to feel overwhelmingly hectic, our first instinct is often to do anything but rest.
Most of us try to work even harder or plan a weekend full of activities.
The art of rest is something we all have to learn.
Thich Nhat Hanh, the renowned Vietnamese Zen Buddhist monk, said it best in his book The Heart of the Buddha’s Teaching:
“When we humans get sick, we just worry! We look for doctors and medicine, but we don’t stop. Even when we go to the beach or the mountains for a vacation, we don’t rest, and we come back more tired than before. We have to learn to rest.”
Taking time out for healing and renewal is important not only for the body but also for the mind.
Rest — in whatever form it takes — is an art that can help to restore energy, sharpen our insight, and bring a greater level of balance into our lives.
Wealthy: Stoic investing
I just finished writing my new book, The Stoic Path to Wealth, which will come out early next year.
It’s about how you can use Stoic wisdom to build enduring prosperity. One of the takeaways is to stay the course, no matter what happens.
The investors who kept adding money to the market last year are now winning. The S&P 500 is up nearly 20% and the Nasdaq 100 is up 35%.
Epictetus, one of the most stringent Stoics, knew that consistency is one of the most important things in life. He said:
“Once you undertake to do something, stick with it and treat it as something that should be carried through. Don’t pay attention to what people say. It should not influence you in any way.”
This is of course easy to say. But as long as you understand that you’re not making any risky investments, you have nothing to worry about. Just keep executing.
One interesting thing
Why do some social media posts go viral while others don’t? A study from the University of Pennsylvania’s Communication Neuroscience Lab found that people are more likely to share content they believe is valuable to themselves or their relationships.1Source: Science Daily
The research suggests that focusing on helping others increases the likelihood of your articles getting shared more.
This is good news for online creators. Focus on creating content that helps others.
Thanks for reading! I hope you found this edition of Wise & Wealthy useful.
All the best,
Join the 5-day Financial Freedom Challenge
I created a 5-day email course you can do alone or together with a group. It’s called the Financial Freedom Challenge. And it will help you to gain control over your finances.
Most people try to calculate their way out of poor finances. But money problems aren’t rational. They’re emotional. Manage your emotions well, and you’ll manage your finances better.
How to Unlock the Financial Freedom Challenge
You can join the challenge for free. For five days, you’ll receive a short email with a small challenge that inspires you to improve your relationship with money.
I highly recommend sharing it with your friends/family so you can go through the program together. It helps bring perspective. And it’s more fun that way too.
Join here for free: dariusforoux.com/financial-freedom