The road to financial independence isn’t always linear, but stoicism might be the secret ingredient that keeps you on track. This ancient philosophy gets a bad rap, but with its framework as your financial “operating system,” you’ll be able to weather all kinds of storms!Welcome back to the BiggerPockets Money podcast! Today, Darius Foroux is a business owner, landlord, financial educator, and the author of eight books. But as a boy, he watched his family live paycheck to paycheck for many years. Vowing to one day become wealthy, Darius started saving every penny possible, only to find that practicing staunch frugality could only take him so far. After more than a decade of hard work and sacrifice, he had just $10,000 to his name and, after student loans, a negative net worth. But in 2015, Darius made a seismic mindset shift that propelled him to FI in just FIVE years!In this episode, Darius dispels the myth that stoicism is about suppressing emotions and lacking empathy. Instead, you’ll learn that its tenets revolve around creating balance, staying grounded, and changing how you respond to things beyond your control—virtues that are congruent with building wealth. But that’s not all. He will also show you how to increase your income, gain a “stoic edge,” and invest your money in 2024!In This Episode We CoverHow Darius went from a low net worth to financial independence in FIVE yearsWhy reaching FI is easier with stoicism as your “operating system”Why investing in yourself and learning new skills is the KEY to higher incomeThe three steps for gaining a “stoic edge” that helps you build wealth fasterThe BEST way to start investing in the stock market in 2024And So Much More!Links from the ShowBiggerPockets Money Facebook GroupNetwork with Other Investors on The Path to FIRE Through the BiggerPockets ForumsFinance Review Guest OnboardingJoin BiggerPockets for FREEMindy on BiggerPocketsScott on BiggePocketsListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Grab Darius’ Latest Book, The Stoic Path to WealthConnect with Amanda on Instagram00:00 Intro03:24 Darius’ Money Journey11:16 Negative Net Worth & the “Aha!” Moment22:25 Stoicism in Personal Finance32:11 Building Wealth with Stoicism41:36 How to Start Investing in 202447:04 Reaching FI & Retiring Like a Stoic52:46 Connect with Darius!53:19 Find Joy in the Journey!Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-546Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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