Money Management

Money management offers a tour of research on the science of spending, explaining how you can get more money.

Information of the Ages

Learn wisdom from extra-ordinary leaders of the ages.

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Do what you do so well that they will want to see it again and bring their friends. Walt Disney

Wednesday

Peace is in Staying the Course



In Seneca’s essay on tranquility, he uses the Greek word euthymia, which he defines as “believing in yourself and trusting that you are on the right path, and not being in doubt by following the myriad footpaths of those wandering in every direction.” It is this state of mind, he says, that produces tranquility. Clarity of vision allows us to have this belief. That’s not to say we’re always going to be 100 percent certain of everything, or that we even should be. Rather, it’s that we can rest assured we’re heading generally in the right direction that we don’t need to constantly compare ourselves with other people or change our mind every three seconds based on new information. Instead, tranquility and peace are found in identifying our path and in sticking to it: staying the course making adjustments here and there, naturally but ignoring the distracting sirens who beckon us to turn toward the rocks.
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Tuesday

You Don’t Have to Stay on Top of Everything

One of the most powerful things you can do as a human being in our hyperconnected, 24/7 media world is say: “I don’t know.” Or, more provocatively: “I don’t care.” Most of society seems to have taken it as a commandment that one must know about every single current event, watch every episode of every critically acclaimed television series, follow the news religiously, and present themselves to others as an informed and worldly individual.

But where is the evidence that this is actually necessary? Is the obligation enforced by the police? Or is it that you’re just afraid of seeming silly at a dinner party? Yes, you owe it to your country and your family to know generally about events that may directly affect them, but that’s about all.

How much more time, energy, and pure brainpower would you have available if you drastically cut your media consumption? How much more rested and present would you feel if you were no longer excited and outraged by every scandal, breaking story, and potential crisis (many of which never come to pass anyway)?
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Monday

The Big Three

Perception, Action, Will. Those are the three overlapping but critical disciplines of Stoicism (as well as the organization of this book and yearlong journey you've just begun). There’s more to the philosophy certainly  and we could spend all day talking about the unique beliefs of the various Stoics: “This is what Heraclitus thought..” “Zeno is from Citium, a city in Cyprus, and he believed .”

But would such facts really help you day to day? What clarity does trivia provide? Instead, the following little reminder sums up the three most essential parts of Stoic philosophy worth carrying with you every day, into every decision:

Control your perceptions. Direct your actions properly. Willingly accept what’s outside your control. That’s all we need to do.
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Sunday

Clarify Your Intention

Law 29 of The 48 Laws of Power is: Plan All The Way To The End. Robert Greene writes, “By planning to the end you will not be overwhelmed by circumstances and you will know when to stop. Gently guide fortune and help determine the future by thinking far ahead.” The second habit in The 7 Habits of Highly Effective People is: begin with an end in mind.

Having an end in mind is no guarantee that you’ll reach it no Stoic would tolerate that assumption but not having an end in mind is a guarantee you won’t. To the Stoics, oiêsis (false conceptions) are responsible not just for disturbances in the soul but for chaotic and dysfunctional lives and operations. When your efforts are not directed at a cause or a purpose, how will you know what to do day in and day out? How will you know what to say no to and what to say yes to? How will you know when you’ve had enough, when you’ve reached your goal, when you’ve gotten off track, if you’ve never defined what those things are?

The answer is that you cannot. And so you are driven into failure—or worse, into madness by the oblivion of directionlessness.
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Friday

What We Control and What We Don’t


Today, you won’t control the external events that happen. Is that scary? A little, but it’s balanced when we see that we can control our opinion about those events. You decide whether they’re good or bad, whether they’re fair or unfair. You don’t control the situation, but you control what you think about it.

See how that works? Every single thing that is outside your control the outside world, other people, luck, karma, whatever still presents a corresponding area that is in your control. This alone gives us plenty to manage, plenty of power.

Best of all, an honest understanding of what is within our control provides real clarity about the world: all we have is our own mind. Remember that today when you try to extend your reach outwardthat it’s much better and more appropriately directed inward.
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Thursday

If You Want To Be Unsteady

The image of the Zen philosopher is the monk up in the green, quiet hills, or in a beautiful temple on some rocky cliff. The Stoics are the antithesis of this idea. Instead, they are the man in the marketplace, the senator in the Forum, the brave wife waiting for her soldier to return from battle, the sculptor busy in her studio. Still, the Stoic is equally at peace.

Epictetus is reminding you that serenity and stability are results of your choices and judgment, not your environment. If you seek to avoid all disruptions to tranquility other people, external events, stress you will never be successful. Your problems will follow you wherever you run and hide. But if you seek to avoid the harmful and disruptive judgments that cause those problems, then you will be stable and steady wherever you happen to be.
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Wednesday

The Truth About Money

The author F. Scott Fitzgerald, who often glamorized the lifestyles of the rich and famous in books like The Great Gatsby, opens one of his short stories with the now classic lines: “Let me tell you about the very rich. They are different from you and me.” A few years after this story was published, his friend Ernest Hemingway teased Fitzgerald by writing, “Yes, they have more money.”

That’s what Seneca is reminding us. As someone who was one of the richest men in Rome, he knew firsthand that money only marginally changes life. It doesn’t solve the problems that people without it seem to think it will. In fact, no material possession will. External things can’t fix internal issues. We constantly forget this—and it causes us so much confusion and pain. As Hemingway would later write of Fitzgerald, “He thought [the rich] were a special glamorous race and when he found they weren’t it wrecked him as much as any other thing that wrecked him.” Without a change the same will be true for us.
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