You Must Live Below Your Means

The Roman elite were constantly living beyond their means. Leaders like Cicero lived lavishly—he owned something like nine different villas at the same time. Other Romans believed the path to political power lay in essentially bribing the public with extravagant games and public spectacles. Julius Caesar was constantly spending money he didn’t have to impress people he didn’t respect. Even the Roman empire itself was constantly overspending, leaving it to more austere emperors like Marcus Aurelius to pay down the country’s debts by selling off palace furnishings. Seneca , for his part, wrote eloquently about the meaningless of wealth and the importance of the simple life. And yet, money is partly what attracted him to Nero’s service. In 13 years working for a man who was clearly deranged and evil, Seneca became one of Rome’s richest men. This afforded him an incredible lifestyle. He threw enormous parties. He accumulated huge land holdings and impressive estates. But his taste for the finer things meant swallowing a bitter moral pill...and eventually, this association cost him his reputation and his life. If only Seneca and these other spendthrift Romans could have listened to the…