Finance Stoic 36 – Appreciate the Mind

The Daily Stoic Quote

Hold sacred upon your capacity for understanding. For in it is all that our ruling principle won’t allow anything to enter that is either inconsistent with nature or with the constitution of a logical creature. It’s what demands due diligence, care for others, and obedience to good.

Marcus Aurelius, Meditations, 3.9

Daily Stoic Question

Do I appreciate this mind I have been given?

Daily Finance Stoic Response

I appreciate the mind I have been given as the greatest gift I could have received.

My mind is my greatest asset, my greatest weapon.

Too often, I see people content to let their mind stagnate. They don’t seek any additional learning, or betterment; yet, they expect to be more, to earn more.

You cannot be, or earn, more without putting in the right efforts. A challenge I have highlighted before is that people don’t reconcile what they want with what they’re willing to do to get it.

Fortunately, there are ways to improve your mind if you are willing to invest your time and efforts. Three of the easiest ways to develop your mind are:

  1. Reading
  2. Meditation
  3. Stoic practice or cognitive behavioral therapy

While I believe in, and practice, all three of these areas, today I am going to focus on reading.

To Read is To Learn

Bill Gates, Microsoft Founder, reads about fifty books per year.

Warren Buffet once said “Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.” In the FIRE community, we all know the importance of compound interest, but how many pay attention to compound intelligence?

Charlie Munger on reading notes that he has not known any “wise people (over a broad subject matter area) who didn’t read all the time – none, zero.

How should you read?

You should read with a purpose, with clear intent.

In choosing a book, you must choose a book that captures what you’re interested in and where you want to develop your mind and abilities.

For example, I have just purchased thirty books on Stoicism, because I believe the philosophy is an answer to some of the things I have been looking for in my life, and because I feel that Stoicism and financial independence are unbelievably aligned. It is this alignment that I intend to write a book about in the coming years. Stoicism in the 21st Century: A Practical Path to Financial Independence. 

The target audience will be people willing to challenge their mindset, philosophies, and practices to achieve their dreams.

As I learn more on my journey, I will share my learning with people through mini Finance Stoic boot camps, which are intended to help me develop my skills in finance and Stoicism.

Turning my When into my Now

If I did not appreciate my mind, I would not believe that I could achieve this, or that I should try it. But, I do believe in myself and I believe this is a when that needs to happen and become a now.

What is the now that I need to achieve my when this time?

  1. My blog
  2. Your blog(s)
  3. My readings

My Blog

Each day that I write about Stoicism and Finance, I increase my knowledge of the interlinking between the philosophical practice and the FIRE community.

I also start to build a body of knowledge that can be drawn on by me, or my readers, in their journey to FIRE.

Finally, I build my writing muscles. What might have previously taken me hours to write can now be done much quicker.

Your Blogs

You are all phenomenal at what you do and I admire your abilities and your persistence on your FIRE journeys.

Each week, I read so much valuable content about FIRE. Each person has a different strategy and approach to FIRE. We are like snowflakes, no two exactly alike.

There are so many readings available to anyone that is willing to put the time and effort into obtaining it.

My Readings

As I wrote in what I’ve learned about Finance and Stoicism over the last 30 days, I purchased 30 books on Stoicism this year and intend to read them with a specific purpose.

First, daily Stoic practice should allow me to improve my abilities in three distinct areas: my will, my perception and my actions.

Second, I expect that these understandings when paired with my FIRE journey will begin to inform the practical path to FIRE, which is what I am most excited about.

Believe in yourself, believe in your mind. You can achieve what you set out to achieve.

Until next time,

FS

Finance Stoic

One thought on “Finance Stoic 36 – Appreciate the Mind

  1. Another good blog. I look forward to your book. I’ll admit I don’t know what Stoicism is, but I love how you quote philosophy and apply it.

    I like reading too, i used to read a lot of non fiction but then got thinking that these books are not aiding me. So I started reading mindset and self help books. I’m currently reading more financial and social media books, because it’s what I need to push forward

    Like

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