What Can Washington and Franklin Teach Us About Money?

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/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What this episode covers

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 See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.