Franklin had too many restrictions on how his money was going to be used. Those with the least usually give the most percentage-wise, Franklin wrote about in his memoir. A little can go a long way and those $5 donations are sometimes more useful than a $1 million one off that just gets spent. The majority of Americans don't even have a will, let alone a comprehensive estate plan.
If you want someone to manage your money then you better pay them. That’s just one lesson from Ben Franklin’s complicated financial life. Robert Brokamp talks with Michael Meyer, author of “Benjamin Franklin's Last Bet: The Favorite Founder's Divisive Death, Enduring Afterlife, and Blueprint for American Prosperity” about: - Franklin's mistakes in estate planning - The power of small, anonymous donations - Other fun facts about America's first celebrity Host: Robert Brokamp Guest: Michael Meyer Producer: Ricky Mulvey Engineer: Rick Engdahl
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