If FDR needed money, he simply wrote mother.

And so when you look at the correspondence between him and his mom,

there's always talk about money.

Hi, I need this money for this or this money for that and he also was a bit of a

trust fund kid so I love the fact that when you go into his stories he used to do what we would call today angel investing.

I'm Mary Long and that's Megan Gorman the founding partner of Checkers Financial Management, a fee-only

financial planning firm in San Francisco, California. She's also the author of the

upcoming book, All the President's Money, How the Men Who the men who governed their money.

It comes out this September.

Robert Brokamp caught up with Gorman to learn about how Jefferson, FDR, and Reagan

managed their finances, which president was the best investor and the

financial costs of being commander-in-chief.

Let's start with the history and the current financial benefits of being president.

So what kind of salaries have they earned, you know, what expenses were covered and what did they have to pay for out of their own pockets?

Yeah, Robert, it's sort of interesting because we've really only had six different salaries

for the presidents.

So today, you know, our president is Joe Biden.

He is getting $ hundred thousand dollars a year

now what's really really interesting is if we go all the way back to when we

had our first president George Washington.

From Washington to Ulysses S Grant,

right?

...