1
00:00:00,080 --> 00:00:19,360
Speaker 1: Yes, yes, I am Dramas And this is the Street

2
00:00:19,560 --> 00:00:23,720
Speaker 1: Stoic Podcast, bringing you your daily dose of timeless stoic

3
00:00:23,800 --> 00:00:27,880
Speaker 1: philosophy remix for the hip hop generation. Now, with that

4
00:00:27,920 --> 00:00:30,640
Speaker 1: in mind, let's get things started with your daily shot

5
00:00:30,760 --> 00:00:40,479
Speaker 1: of inspiration. Now today we'll be focusing around the stoic

6
00:00:40,800 --> 00:00:45,680
Speaker 1: virtue of temperance or self restraint, right, or moderation, however

7
00:00:45,720 --> 00:00:47,720
Speaker 1: you want to word it. And I thought that this

8
00:00:47,840 --> 00:00:50,680
Speaker 1: jay Z quote was incredible to kind of bring us

9
00:00:50,720 --> 00:00:54,480
Speaker 1: this idea of of temperance and the idea of practicing,

10
00:00:54,520 --> 00:00:57,680
Speaker 1: you know, some self restraint. Now jay Z says quote,

11
00:00:58,040 --> 00:01:01,959
Speaker 1: I won't buy it until I can buy it twice,

12
00:01:02,400 --> 00:01:05,640
Speaker 1: And I thought this was so incredibly powerful, and it

13
00:01:05,760 --> 00:01:08,399
Speaker 1: speaks to the idea of having your mind on the

14
00:01:08,400 --> 00:01:10,960
Speaker 1: bigger picture, right, not getting caught up in the next

15
00:01:11,040 --> 00:01:13,679
Speaker 1: shiny thing, but instead of playing the long game, right.

16
00:01:14,080 --> 00:01:16,480
Speaker 1: And it's this principle of you know, just because you

17
00:01:16,520 --> 00:01:19,319
Speaker 1: can do something, it doesn't mean that you should write

18
00:01:19,560 --> 00:01:23,440
Speaker 1: like creating wealth and and financial freedom or even just

19
00:01:23,560 --> 00:01:26,240
Speaker 1: wanting to get a piece of mind when it comes

20
00:01:26,240 --> 00:01:30,280
Speaker 1: to money, right, all of that requires discipline, Like even

21
00:01:30,319 --> 00:01:34,080
Speaker 1: if you have enough money to buy something, that doesn't

22
00:01:34,120 --> 00:01:36,760
Speaker 1: mean that you can actually, you know, truly afford it

23
00:01:36,920 --> 00:01:39,800
Speaker 1: in the long run, right, Like, what does that purchase

24
00:01:39,920 --> 00:01:42,119
Speaker 1: mean for you in the future? What does it mean

25
00:01:42,160 --> 00:01:44,560
Speaker 1: for your long term finances? You buy it now, you

26
00:01:44,600 --> 00:01:47,480
Speaker 1: can afford it now, but do you have then extra

27
00:01:47,520 --> 00:01:50,320
Speaker 1: money if God forbid? You know, something breaks down in

28
00:01:50,360 --> 00:01:52,480
Speaker 1: your car, at your house, whatever it might be. All

29
00:01:52,480 --> 00:01:56,080
Speaker 1: those unforeseen expenses that pop up in life. These are

30
00:01:56,160 --> 00:01:58,000
Speaker 1: types of conversations that we have to begin to have

31
00:01:58,400 --> 00:02:01,640
Speaker 1: with ourselves if we truly want to have a life

32
00:02:01,640 --> 00:02:04,200
Speaker 1: where money is is no longer something that we are

33
00:02:04,600 --> 00:02:08,240
Speaker 1: man in fear of or or scared of. You know. Uh,

34
00:02:08,240 --> 00:02:11,080
Speaker 1: this is what financial freedom really looks like. And it

35
00:02:11,160 --> 00:02:14,120
Speaker 1: lends itself perfectly to to a stoic quote. Right, And

36
00:02:14,120 --> 00:02:16,400
Speaker 1: this one comes to us from Cato and he says, quote,

37
00:02:16,720 --> 00:02:20,840
Speaker 1: a farm is like a man. However, great the income

38
00:02:21,160 --> 00:02:25,720
Speaker 1: if there is extravagance, but little is left. Right, And

39
00:02:25,960 --> 00:02:28,560
Speaker 1: that was kind of like a a weird way to

40
00:02:28,639 --> 00:02:30,799
Speaker 1: phrase that. I mean, these dudes exist at thousands of

41
00:02:30,880 --> 00:02:33,040
Speaker 1: years ago. You gotta you gotta give them some sort

42
00:02:33,080 --> 00:02:35,280
Speaker 1: of slack for their their verbiage. But basically what he's

43
00:02:35,280 --> 00:02:38,639
Speaker 1: saying is that if your crops are are growing at

44
00:02:38,639 --> 00:02:41,880
Speaker 1: an incredible rate, but you end up wasting a large

45
00:02:41,960 --> 00:02:45,080
Speaker 1: number of them, you'll still find yourself struggling to have

46
00:02:45,240 --> 00:02:49,200
Speaker 1: the amount you need. Right, It's not just about getting more,

47
00:02:49,400 --> 00:02:53,040
Speaker 1: you know, and having excess. It's about then not spending

48
00:02:53,120 --> 00:02:55,240
Speaker 1: that excess, not using it up. That's the only way

49
00:02:55,280 --> 00:02:57,880
Speaker 1: that you recognize that you actually have more of the

50
00:02:57,919 --> 00:03:00,760
Speaker 1: thing that you need. Right and and people oftentimes have

51
00:03:00,919 --> 00:03:05,040
Speaker 1: this tendency to increase their expenses when they get something

52
00:03:05,080 --> 00:03:08,120
Speaker 1: like a raise, right and and this just creates more

53
00:03:08,680 --> 00:03:11,240
Speaker 1: of that rat race that many of us are stuck in, right,

54
00:03:11,280 --> 00:03:14,239
Speaker 1: the idea of never really truly getting ahead. You're always

55
00:03:14,240 --> 00:03:17,040
Speaker 1: in this loop of of never having enough or having

56
00:03:17,240 --> 00:03:20,560
Speaker 1: just enough, right Like, the the idea is not to

57
00:03:20,680 --> 00:03:23,040
Speaker 1: make more money so you can spend more money. The

58
00:03:23,120 --> 00:03:24,960
Speaker 1: idea is to make more money so that you can

59
00:03:25,000 --> 00:03:28,480
Speaker 1: have more money put away and more financial security and

60
00:03:28,520 --> 00:03:30,400
Speaker 1: a peace of mind. You know, that's what we're all

61
00:03:30,440 --> 00:03:32,440
Speaker 1: striving for, or should be striving for at the end

62
00:03:32,440 --> 00:03:36,080
Speaker 1: of the day. Now, this topic personally resonates so closely

63
00:03:36,120 --> 00:03:37,560
Speaker 1: to home from me, right, Like, this is how I

64
00:03:37,600 --> 00:03:40,680
Speaker 1: relate to it because for me, up until a few

65
00:03:40,800 --> 00:03:44,320
Speaker 1: years ago. You know, money had always been an issue

66
00:03:44,360 --> 00:03:46,480
Speaker 1: for me. You know, I never seemed to have enough,

67
00:03:46,560 --> 00:03:49,680
Speaker 1: and and even when I was making decent money, I

68
00:03:49,760 --> 00:03:52,000
Speaker 1: never seemed to be able to to save it or

69
00:03:52,160 --> 00:03:53,960
Speaker 1: or keep that money in the bank. I would always

70
00:03:54,000 --> 00:03:57,000
Speaker 1: be asking myself, where is my money going? I know

71
00:03:57,080 --> 00:03:59,480
Speaker 1: I made this amount this year, but I don't remember

72
00:03:59,480 --> 00:04:01,480
Speaker 1: what the hell happen to it. And the reality is

73
00:04:01,520 --> 00:04:05,040
Speaker 1: that every time I got an influx of money, I

74
00:04:05,080 --> 00:04:07,200
Speaker 1: then increased my spending. You know, if I got a

75
00:04:07,240 --> 00:04:09,520
Speaker 1: bigger check that month, I would then go out and

76
00:04:09,840 --> 00:04:12,760
Speaker 1: buy more clothing, or I would go out and and

77
00:04:12,800 --> 00:04:16,159
Speaker 1: frivolously be buying drinks at the bar, or whatever stupid

78
00:04:16,200 --> 00:04:18,520
Speaker 1: expense there was, I would go out and buy, you know,

79
00:04:18,560 --> 00:04:21,280
Speaker 1: a more expensive car. I can remember doing that, you know,

80
00:04:21,360 --> 00:04:24,479
Speaker 1: when I got my first, uh you know, consistent job

81
00:04:24,640 --> 00:04:27,400
Speaker 1: in in radio, and again I never was able to

82
00:04:27,440 --> 00:04:30,039
Speaker 1: get ahead. When I talked about getting my first job

83
00:04:30,040 --> 00:04:31,839
Speaker 1: in radio, I wasn't making a ton of money. I

84
00:04:31,839 --> 00:04:33,960
Speaker 1: wasn't even a full time employee. I was working probably

85
00:04:33,960 --> 00:04:35,880
Speaker 1: three nights a week, making fifteen dollars an hour, and

86
00:04:35,920 --> 00:04:37,520
Speaker 1: I had about two thousand dollars safe the way my

87
00:04:37,520 --> 00:04:39,719
Speaker 1: bank account, which seemed like an extreme amount of money

88
00:04:39,760 --> 00:04:41,800
Speaker 1: to me. And of course the first thing I need

89
00:04:41,839 --> 00:04:43,680
Speaker 1: to do was try and keep up with every other

90
00:04:43,760 --> 00:04:45,760
Speaker 1: DJ in the area and all the other people I

91
00:04:45,800 --> 00:04:47,640
Speaker 1: was working with. And I wanted to get myself a

92
00:04:47,680 --> 00:04:50,240
Speaker 1: luxury vehicle. Well, of course I didn't have credit because

93
00:04:50,279 --> 00:04:52,400
Speaker 1: my finances were horrendous, so I had to go to

94
00:04:52,440 --> 00:04:56,680
Speaker 1: a crappy car dealership and buy a really old BMW

95
00:04:56,920 --> 00:04:59,280
Speaker 1: that looked somewhat new because it was, you know, hooked

96
00:04:59,360 --> 00:05:01,080
Speaker 1: up and had the rims and all that stuff, which

97
00:05:01,160 --> 00:05:03,800
Speaker 1: ended up being a lemon. And this thing, for the

98
00:05:03,880 --> 00:05:07,320
Speaker 1: next three years of my life, drained me of every

99
00:05:07,320 --> 00:05:10,320
Speaker 1: extra dollar that I possibly could have. It would break

100
00:05:10,360 --> 00:05:13,280
Speaker 1: down at the worst times possible. It would never be

101
00:05:13,320 --> 00:05:15,440
Speaker 1: anything cheaper than a thousand dollars every time that it

102
00:05:15,480 --> 00:05:17,520
Speaker 1: went to the shop, and uh, and and I had

103
00:05:17,560 --> 00:05:19,800
Speaker 1: to somehow figure out a way to get it fixed right,

104
00:05:19,800 --> 00:05:21,960
Speaker 1: and I was scraping by. I had a borrow money

105
00:05:21,960 --> 00:05:24,400
Speaker 1: for my parents, who don't have an excess of money.

106
00:05:24,600 --> 00:05:27,440
Speaker 1: And all of this was caused because I lacked the

107
00:05:27,520 --> 00:05:30,280
Speaker 1: discipline to do this the right way. I'm not saying

108
00:05:30,320 --> 00:05:33,120
Speaker 1: you can't drive a BMW, but waits you actually can

109
00:05:33,240 --> 00:05:36,279
Speaker 1: afford the BMW and all that it takes to maintain

110
00:05:36,320 --> 00:05:39,040
Speaker 1: a BMW. And while we're on the topic, make sure

111
00:05:39,080 --> 00:05:41,400
Speaker 1: you can afford one that's an actually sold by a

112
00:05:41,440 --> 00:05:45,320
Speaker 1: reputable dealer and not a lemon like I got myself into. Again,

113
00:05:45,600 --> 00:05:49,040
Speaker 1: if I had that discipline, I wouldn't have blown thousands

114
00:05:49,120 --> 00:05:52,200
Speaker 1: upon thousands of dollars over the course of three years,

115
00:05:52,320 --> 00:05:54,479
Speaker 1: and it wouldn't have taken me so long to get

116
00:05:54,520 --> 00:05:56,719
Speaker 1: my ship together to get my credit in order to

117
00:05:56,880 --> 00:05:59,640
Speaker 1: get a nice apartment. All of that had to be

118
00:05:59,680 --> 00:06:03,479
Speaker 1: put on pause because I went and did something out

119
00:06:03,520 --> 00:06:06,240
Speaker 1: of just trying to get the pat on the back

120
00:06:06,279 --> 00:06:09,040
Speaker 1: from people who thought I was successful, you know, driving

121
00:06:09,040 --> 00:06:11,360
Speaker 1: this fancy car. I was just trying to fit into

122
00:06:11,400 --> 00:06:14,120
Speaker 1: what was, you know, going on around me, and I

123
00:06:14,160 --> 00:06:18,599
Speaker 1: set myself back from actually having real fulfillment, real happiness,

124
00:06:18,640 --> 00:06:20,640
Speaker 1: and a real peace of mind in the long run.

125
00:06:21,160 --> 00:06:23,800
Speaker 1: Now we've heard from jay Z one of the goats,

126
00:06:23,839 --> 00:06:27,320
Speaker 1: we've heard from Kato Uh. You've also heard one of

127
00:06:27,360 --> 00:06:30,080
Speaker 1: my own SOB stories and how this relates so so

128
00:06:30,160 --> 00:06:32,719
Speaker 1: deeply to to me and my story of my life

129
00:06:33,080 --> 00:06:35,680
Speaker 1: now let's talk about how you can make it your

130
00:06:35,800 --> 00:06:39,040
Speaker 1: mantra for today. But first let's take a quick break

131
00:06:39,080 --> 00:06:49,960
Speaker 1: and then we'll be right back. So we have heard

132
00:06:50,160 --> 00:06:52,400
Speaker 1: the words of jay Z, you have heard from Kato,

133
00:06:52,480 --> 00:06:55,919
Speaker 1: you've heard from myself, all based around the stoic virtue

134
00:06:55,960 --> 00:06:58,560
Speaker 1: of temperance, you know, the idea of self restraint and

135
00:06:58,800 --> 00:07:02,080
Speaker 1: and moderation. Now let's talk about how you can make

136
00:07:02,120 --> 00:07:05,800
Speaker 1: it your mantra for today. Now, let's be real here.

137
00:07:05,880 --> 00:07:09,320
Speaker 1: It's not easy, you know, to live a man a

138
00:07:09,400 --> 00:07:12,040
Speaker 1: life that we get to enjoy but also be comfortable.

139
00:07:12,040 --> 00:07:16,480
Speaker 1: It's incredibly difficult balance. But if we want that comfortable

140
00:07:16,480 --> 00:07:20,320
Speaker 1: life right, one that gives us comfort both financially and personally,

141
00:07:20,640 --> 00:07:23,400
Speaker 1: we're going to have to make it a priority to

142
00:07:23,560 --> 00:07:26,960
Speaker 1: practice restraint, right and that goes far beyond money. Obviously

143
00:07:26,960 --> 00:07:29,640
Speaker 1: today we're talking about money, but the idea of restraint

144
00:07:29,680 --> 00:07:32,880
Speaker 1: and having discipline goes into every single aspect of your

145
00:07:33,040 --> 00:07:35,520
Speaker 1: personal life and your career. Right now, when it comes

146
00:07:35,560 --> 00:07:39,120
Speaker 1: to money, we obviously live in a consumeristic society that

147
00:07:39,160 --> 00:07:42,320
Speaker 1: has you know, poisoned our minds with this constant want

148
00:07:42,360 --> 00:07:45,760
Speaker 1: and need for more. We get the executive job, so

149
00:07:45,880 --> 00:07:48,480
Speaker 1: we think we need the executive car, and then the

150
00:07:48,480 --> 00:07:50,920
Speaker 1: executive house, and the executive clothes and so on and

151
00:07:50,960 --> 00:07:53,600
Speaker 1: so forth. Right, it's never ending cycle of the next

152
00:07:53,680 --> 00:07:56,160
Speaker 1: thing that we quote unquote need, Right. And that's not

153
00:07:56,200 --> 00:07:59,600
Speaker 1: to say that you can't enjoy the fruits of your labor, right, Like, listen,

154
00:07:59,640 --> 00:08:03,120
Speaker 1: we all work incredibly hard. And what would hard work

155
00:08:03,160 --> 00:08:05,760
Speaker 1: be if we didn't have moments to enjoy ourselves? Right,

156
00:08:05,880 --> 00:08:07,960
Speaker 1: If if our hard work didn't put us in a

157
00:08:08,000 --> 00:08:11,760
Speaker 1: position that we can now you know, celebrate our little winds,

158
00:08:11,920 --> 00:08:14,280
Speaker 1: or spend time with the ones that we love and

159
00:08:14,280 --> 00:08:16,120
Speaker 1: and and have a memory that we can create, you know,

160
00:08:16,200 --> 00:08:18,080
Speaker 1: be in a vacation, or even if it is just

161
00:08:18,120 --> 00:08:19,960
Speaker 1: something materialistic that you've had your eye on for a

162
00:08:19,960 --> 00:08:21,800
Speaker 1: while that you want to treat yourself too. I'm not

163
00:08:21,840 --> 00:08:24,200
Speaker 1: saying that that is, you know, something we can't do

164
00:08:24,320 --> 00:08:26,560
Speaker 1: or something that we shouldn't do. But what I'm saying

165
00:08:26,600 --> 00:08:29,720
Speaker 1: is we have to have discipline when doing so, right,

166
00:08:30,080 --> 00:08:33,480
Speaker 1: That is the bigger picture. Never you know, overreach yourself,

167
00:08:33,720 --> 00:08:37,199
Speaker 1: do it within your means, plan out budget for this

168
00:08:37,240 --> 00:08:39,199
Speaker 1: thing that you're going to treat yourself for. Right, That's

169
00:08:39,200 --> 00:08:42,240
Speaker 1: what we're talking about. Having that discipline. The goal should

170
00:08:42,320 --> 00:08:45,520
Speaker 1: always be to live below your means. Right, Like, just

171
00:08:45,600 --> 00:08:48,240
Speaker 1: because you know you got you got that raise at work,

172
00:08:48,440 --> 00:08:50,959
Speaker 1: doesn't mean that you immediately need to go out and

173
00:08:51,240 --> 00:08:54,040
Speaker 1: upgrade where you live. Right, Like, you know, stay with

174
00:08:54,160 --> 00:08:56,320
Speaker 1: that that rent that might be just a little bit less,

175
00:08:56,360 --> 00:08:57,800
Speaker 1: and you know you could afford more, but at least

176
00:08:57,800 --> 00:09:00,160
Speaker 1: you're putting some money away. And then maybe after there

177
00:09:00,160 --> 00:09:02,280
Speaker 1: a little while, a year of saving that money, then

178
00:09:02,320 --> 00:09:04,560
Speaker 1: you go out and you upgrade. You know where you're living,

179
00:09:04,600 --> 00:09:07,559
Speaker 1: but you know that you've given yourself that extra financial padding, right,

180
00:09:07,600 --> 00:09:10,480
Speaker 1: that piece of mind when it comes to your money. Like,

181
00:09:10,640 --> 00:09:13,719
Speaker 1: the only way that you know, you really feel that

182
00:09:13,840 --> 00:09:16,920
Speaker 1: extra money is when it's left over after you pay

183
00:09:16,960 --> 00:09:19,480
Speaker 1: your bills. Right, if you go and create another bill,

184
00:09:19,520 --> 00:09:23,080
Speaker 1: a more expensive car payment, a more expensive mortgage payment,

185
00:09:23,120 --> 00:09:25,560
Speaker 1: rent payment, whatever it might be, you're never going to

186
00:09:25,640 --> 00:09:29,120
Speaker 1: feel the the extra money from that race that you got. Right.

187
00:09:29,520 --> 00:09:32,319
Speaker 1: So to recap jay Z says he buying it until

188
00:09:32,400 --> 00:09:34,400
Speaker 1: he can buy it twice. What does this mean? He's

189
00:09:34,400 --> 00:09:36,960
Speaker 1: not going to live above his means. He wants to

190
00:09:37,000 --> 00:09:39,680
Speaker 1: make sure if he makes that purchase, that frivolous purchase,

191
00:09:39,920 --> 00:09:43,080
Speaker 1: that it is not something that he even feels financially right.

192
00:09:43,400 --> 00:09:45,480
Speaker 1: Kato says farm is like a man right. No matter

193
00:09:45,480 --> 00:09:48,760
Speaker 1: how much income, if you have extravagance, there is little left.

194
00:09:48,840 --> 00:09:51,680
Speaker 1: It means doesn't matter how much money you are making,

195
00:09:51,720 --> 00:09:55,400
Speaker 1: if you're spending catches up to your new income, you

196
00:09:55,440 --> 00:09:58,240
Speaker 1: will not have that extra money that we all need

197
00:09:58,280 --> 00:10:01,360
Speaker 1: to get a piece of mind. And please, for the

198
00:10:01,440 --> 00:10:05,520
Speaker 1: love of God, learn from me. Do not set yourself

199
00:10:05,559 --> 00:10:08,920
Speaker 1: back for years trying to impress people that do not

200
00:10:09,160 --> 00:10:12,559
Speaker 1: matter at the end of the day. Okay, I promise

201
00:10:12,640 --> 00:10:15,360
Speaker 1: you now that I have my financial security, that money

202
00:10:15,400 --> 00:10:18,040
Speaker 1: is no longer a concerns, no longer something breathing down

203
00:10:18,040 --> 00:10:20,880
Speaker 1: my neck. I am the happiest I have ever been,

204
00:10:20,920 --> 00:10:23,160
Speaker 1: and it has opened so many doors for me to

205
00:10:23,160 --> 00:10:25,840
Speaker 1: do exactly what I want to do, rather than just

206
00:10:25,880 --> 00:10:28,120
Speaker 1: having to chase a check because I am in debt

207
00:10:28,200 --> 00:10:31,199
Speaker 1: or have to pay off some nonsense that I picked

208
00:10:31,280 --> 00:10:35,040
Speaker 1: up just because I was lacking discipline in that moment. Again,

209
00:10:35,360 --> 00:10:39,840
Speaker 1: temperance right, practice restraint, and practice that discipline for a

210
00:10:39,920 --> 00:10:42,120
Speaker 1: life that gives you the peace of mind we are

211
00:10:42,160 --> 00:10:44,800
Speaker 1: all searching for. And with that said, thank you so

212
00:10:44,920 --> 00:10:47,800
Speaker 1: much for checking out The Streets Stoic Podcast. Do your

213
00:10:47,800 --> 00:10:50,720
Speaker 1: best to apply these concepts that we've discussed today into

214
00:10:50,760 --> 00:10:53,320
Speaker 1: your everyday life, and I'll catch you all next time.

215
00:10:59,440 --> 00:11:02,360
Speaker 1: The Streets Though Podcast is a production of I Hearts

216
00:11:02,360 --> 00:11:08,120
Speaker 1: Michael Bura Podcast Network m