It is difficult to impossible to avoid thinking about money directly, or indirectly.  Money, the economy, the future cost of housing, of health care, — the enormity of the sum certainly to be required for the basics of retirement will be “front of mind” for anyone in their middle years.  Naturally underemployment, or unemployment aggravates this concern.  There is no doubt that money, exchange value for work, or expressed in the more general term “the economy” is top-of-mind.  Obsession with money is woven into the fabric of our time, the attitude is accepted as normal.

I read with interest this post from The Daily Stoic which I subscribe to.  These are some observations taken from the Meditations of Marcus Aurelius, the Stoic emperor of Rome 161-180 AD.

It’s interesting how infrequently money comes up in Meditations.

Here was a guy who had incredible wealth, whose predecessors obsessed over it and found it to be a source of both pleasure and conflict, and yet in his private meditations, it hardly comes up at all.

In his actions, we see Marcus was conscious of money,
but primarily as a means to an end not as an end to itself.
He was more interested in what it could do for other people. He declined gifts and inheritances. He gave liberally to the poor.  He sold off palace furnishings at Rome’s lowest point.

But perhaps these attitudes are related.
Because Marcus did not think particularly highly of money, he was comfortable in his ability to be generous. At one point, he told the Senate that he did not regard himself in possession of any of his wealth. It belongs to the people, he said, even the house I live in is not mine.

There can be virtue in frugality.

Cleanthes seemed to be an incredibly hard worker—a manual laborer, no less—who spent little of what he earned.

But frugality and diligence with money can also be a vice. It makes finances loom large in our lives, makes us throw good time after bad (after all, it’s not enough just to earn money, then we have to manage it and make it grow). We can come to identify with the fruits of our labor and our success, which makes it hard to spend (even on necessary things), hard to be generous, hard to share.

Money isn’t rare.

There is nothing precious about precious stones. It is all incredibly common. Most of the people who have it are not impressive, most of the great fortunes are, in fact, the opposite of great.

The way to think about money is as a tool, and what did the Stoics use their tools for?

To do good.
     To get better.
          To make the world better.

We can do the same.

https://dailystoic.com/

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