The chapter explores Franklin Delano Roosevelt's wealthy background and investment ventures, his charity work and funding of the polio vaccine, as well as Ronald Reagan's frugal wealth-building strategies supported by his spouse. It also discusses Herbert Hoover's skilled investments and charitable endeavors, shedding light on how US presidents managed money.
Reagan knew how to budget. Jefferson knew how to party.
Megan Gorman is the author of the upcoming book, “All the Presidents' Money: How the Men Who Governed America Governed Their Money.” Gorman is also the founding partner of Chequers Financial Management Robert Brokamp caught up with Gorman for a conversation about:
- What FDR, a “bit of a trust fund kid,” did if he needed money.
- How Ronald Reagan’s humble beginnings impacted his finances.
- Why a Great Depression president was a great investor.
Host: Robert Brokamp
Guest: Megan Gorman
Producer: Ricky Mulvey
Engineer: Tim Sparks
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