What Can Washington and Franklin Teach Us About Money?

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Education, Business, Money, Investing, Financial Planning, Cfp, Personal Finance, Retirement

4.4 • 2K Ratings

🗓️ 7 February 2022

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How did the founding fathers of the United States make a living after the Revolutionary War? Believe it or not, they had to make some choices similar to ones you may have had to make when struggling with money. Washington took a job just because it paid well. Franklin juggled many "side gigs" to bring in money. Sound familiar? Today is our 10 year podcasting anniversary, so we are throwing it back to Ben Franklin himself (well, not really him, but someone who can tell his story!) and learning from his career. He, along with George Washington, worked hard to find new ways to make money after the Revolutionary War. Willard Sterne Randall is a writer-turned-historian who'll share the stories of Washington and Franklin. We ask him to dive into the success and failures of each and share lessons we can all take away. During our headline segment, we dive into the stock market. What should you do when there's a drop in the stock market? While the initial reaction might be to panic, we'll share sound advice for keeping your cool. We look to Reddit today for an ugly letter to share during our Haven Life line portion of the show. One young investor made several HUGE mistakes trading options and SPACs and he turned to the internet for advice. We share our advice on how to avoid the same mistakes he made. And of course, Doug will share his Stacking Benjamins-themed trivia for our 10 year anniversary. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:34.5	gift list, that's Dell.com-slash-gift-guide.
0:59.0	But you know why we're ready to go? We're ready to go because we had a great weekend.
1:03.7	Thanks in part to the men and women serving in our armed forces, keeping everybody safe.
1:08.8	Gotta give a big shout out. On behalf of the men and women here,
1:12.0	make in the stacking Benjamin show, the men and women at Navy Federal Credit Union,
1:16.8	big shout out to the people in our armed forces. Let's all go stack some
1:20.8	Benjamin's together, shall we?
1:22.8	Well, raw.
1:38.0	Live from Joe's mom's basement, it's the stacking Benjamin show.
1:51.5	I'm Joe's mom's neighbor Doug, and stackers, you haven't forgotten again, have you?
1:57.4	I've been waiting all day in the Facebook group for you to mention that today is our 10-year
2:02.0	anniversary. Nothing. Crickets. At least we got you a gift to discuss the risks and rewards of
2:09.6	founding a great podcast or nation. We welcome the author of The Founder's Fortunes Willard Stern Randall.
2:18.6	Oh yeah, I'll give you even more, just so you feel really guilty about forgetting our
2:24.4	anniversary. Listen to what we have in store for you. In our headlines, we'll focus on this roller
	...

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