This chapter explores the concept of legacy and discusses the financial struggles of former president Harry Truman as an example.
Harry Truman was not a good businessman. The clothing shop he opened with a friend was a disaster—and he was paying off the debts through his senate career and into his presidency. Most of his investments were flops. He had to sell off chunks of his mother’s farm when they couldn’t pay the mortgage. After he left office, the only safety net he had was his army pension.