The Daily Stoic

Seneca was a very rich man. He accumulated that fortune largely due to his service to Nero’s corrupt and broken regime, and then he put that money to work in Rome’s British colonies. In fact, he made so many enormous loans to colonists in Britain, that when the debt was called in around 60 AD, it set off a rebellion in which tens of thousands of people ultimately died. A few short years later, Seneca would learn just how painful it can be on the other side of an unpayable debt. Realizing, alarmingly late, just how deranged Nero was, Seneca tried to walk away from politics. Nero wouldn’t let him. Seneca tried to turn over to Nero everything Nero had ever given him. Even this was not enough--because Seneca, in working for such a man, had, in a sense, pledged him his life. In 65 AD, Nero, paranoid and cleaning house of potential enemies, called in the chit, and Seneca was forced to commit suicide. The lesson: Be wary of debt. Because it is not simply a financial matter. It can be a spiritual matter as well. For