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The Stacking Benjamins Show

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

4.42K Ratings

🗓️ 7 February 2022

⏱️ 66 minutes

🧾️ 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!

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Transcript

Click on a timestamp to play from that location

0:00.0

another Monday OG and a big Monday for us because well it's our birthday party. I like your party hat.

0:08.4

You got your party hat on. I wasn't told you don't have your party head on. Will it be cake?

0:12.5

You have your, of course there's going to be cake. You have your your mug. I got my Kansas City mug.

0:17.2

We're ready to go. But you know why we're ready to go? We're ready to go because we had a

0:21.4

great weekend. Thanks in part to the men and women serving in our armed forces, keeping everybody

0:27.0

safe. Got to give a big shout out on behalf of the men and women here making the Stacking

0:32.1

Benjamin show, the men and women at Navy Federal Credit Union. Big shout out to the people in our armed forces.

0:39.3

Let's all go stack some Benjamins together, shall we?

0:41.9

Urah.

0:43.6

Doug, dog, dog, dog, dog.

0:48.4

Doug, dug, dug.

0:52.8

Live from Joe's mom's basement

0:59.4

It's the Stacking Benjamin's show

1:02.3

I'm Joe's mom's neighbor Doug Doug, and stackers, you have ever forgotten again, have you?

1:16.6

I've been waiting all day in the Facebook group for you to mention that today is our 10-year anniversary.

1:22.6

Nothing. Crickets.

1:24.4

At least we got you a gift to discuss the risks and rewards of founding a great podcast

1:30.3

or a nation. We welcome the author of the Founders Fortunes, Willard Stern Randall.

1:37.6

Oh yeah, I'll gift you even more just so you feel really guilty about forgetting our anniversary.

1:44.8

Listen to what we have in store for you.

1:47.0

In our headlines, we'll focus on this roller coaster stock market.

1:51.2

Our TikTok Minute will have you thinking that the kids are all right.

...

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