The Stacking Benjamins Show Lobsters, Lincoln, and Financial Lessons (SB1578)
14 snips
Sep 23, 2024 
Megan Gorman, a wealth historian, shares her expertise on how U.S. presidents like FDR and Ulysses S. Grant approached finances. She reveals fascinating stories, such as FDR's ill-fated lobster investment and Grant's financial struggles, linking their decisions to modern financial lessons. The discussion also delves into ERISA's legacy, the political impact on investments, and travel anecdotes mixing humor with financial wisdom. Listeners get a blend of historical insights and practical advice for securing their financial futures.
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FDR's Lobster Venture
- In 1921, FDR invested in a lobster delivery startup, aiming to make lobster accessible nationwide.
- The venture quickly failed due to logistical issues and lack of market demand analysis.
Biden's Money Pit
- Joe Biden's real estate ventures, particularly his purchase of a dilapidated DuPont estate, highlight his financial struggles.
- The costly renovations turned the mansion into a "money pit," similar to the movie.
Coolidge's Financial Anxiety
- Despite being financially secure, Calvin Coolidge rented homes throughout his vice presidency and presidency.
- He only bought a house after leaving office due to privacy concerns caused by crowds at his rented duplex.