10 Timeless Money Secrets from Benjamin Franklin

[@Peterl4290]

Since Biden took office, there seem to have been more unfavorable results in America. I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better

[@larrypaul-cw9nk]

As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.

[@sabastinenoah]

I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.

[@jerrycampbell-ut9yf]

In my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

[@Aarrenrhonda3]

my partner’s been considering going the same route, could you share more info please on the advisor that guides you.

[@jerrycampbell-ut9yf]

Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@Milkman3572000]

I feel like Sam Walton when I drive my 1993 Pick up. Sitting on a pile of money. No bills.

[@sct4040]

No stress, is the best thing for your health.

[@jayzuroff8146]

“You don’t own things. Things own you.”

[@DrSchor]

I don't remember ben saying that. can you give us a reference to that quote?

[@michaelcollins8316]

I enjoyed this video because it shows how a person like Ben is still relevant today and should be taught to the current generation 💵👍

[@DrSchor]

He is. If you read in grade school.

[@Frannieville]

PT Barnum wrote a good book on money too. It’s on KZbin audiobooks

[@pattya1679]

One of the famous financial gurus of ALL time. Thanks for sharing.

[@DrSchor]

One of the famous gurus of ALL time.

[@alonsoquixano7173]

Before Benjamin Franklin, there was Xenophon, an ancient Greek philosopher and historian who wrote about economics in its original sense of household management. He is the author of the Oeconomicus, a dialogue about household and agricultural affairs, and a source of information about the social and intellectual life of Classical Athens. He also wrote Ways and Means, a treatise on public finances and revenue generation.

[@DrSchor]

So what are his famous quotes?

[@lindachick8889]

I love this video. Sure puts things in perspective. I continue to follow for just this reason. Thanks,

[@kevins3453]

One of your best videos! 👌 Excellent advice that people should consider at all times. Money is a TOOL... use it wisely. But, use it! To advance yourself and your family, and/or to help others.

[@cashflow68]

Remember there are a millions of people who would love to trade places with you in America. Be grateful with what you have now be grateful.

[@pensacola321]

Billions, actually...

[@afather.]

My in-laws who we give funds to them and they are ungrateful

[@fastjimmysoutdoors5286]

But would they do what I did to get the same? I would say no.

[@AlamoDon]

Well done! More like this are always welcome

[@mrsamtheman80]

“Always follow the 20/3/8 rule for car buying: at least 20% down, no more than 3 years financing term, and payments no more than 8% of your monthly salary. If it is a luxury car, then pay cash in full only.” - Benjamin Franklin Or some influential descendant, I might have it confused.

[@DrSchor]

you're confused. very. especially about the definition of descendant.

[@katz20200]

Funny! A bit of time travel for Ben😂

[@marilynalvarez8378]

Love this video! Thank you!

[@wxmath]

Excellent, loved it. Thank you!

[@greensombrero3641]

2014 Suburu Forester approves

[@DonWilliams-lb8es]

A lot of the colleges you mentioned turn out kids who despise their parents and are unemployed

[@DrSchor]

merely "alot"? can you name just one college that does not?

[@DonWilliams-lb8es]

College of the ozarks ​@@DrSchor

[@clbcl5]

#11,...Take naked air baths. Saves fire wood for heating water.

[@anthonybutler3157]

Great video. Nothing new under the sun

[@DrSchor]

Plenty new outside the solar system.

[@michigan160]

I found his words inspiring and thank you for reminding us !!!

[@mthelouvre]

Really enjoy what you had to say! Thank you!

[@Steve-gx9ot]

OH GEOFF = u r my HERO! ❤😮

[@soniamoss734]

Excellent video!

[@bethmendoza1847]

Thanks!

[@CastleJumpers]

Interesting content. Glad you popped up on my suggestions.

[@RetiredCLS-lovestravel]

Great video! Thank you!

[@jackcahill2383]

Thank you

[@clbcl5]

The other reason people buy Range Rovers is the weight. Over 6K #'s it can be considered a "HEAVY" for a business tax deduction.

[@richardc488]

Thanks Mr S

[@carlosgarcia8770]

Very Good.

[@andydogdixon1]

Oh my goodness, you held those up and said this was a stack of $100 bills and I realized a couple moments later I was actually watering at the mouth. Completely unaware! Lol.

[@icedteamama176]

😂😂😂

[@DrSchor]

Pavlov conditioned response to how you have been trained to react to money. sad.

[@RichardQuaid]

With my good credit I get free money all the time. 90 days no interest is just that if you pay it off. I can buy a new set of tires and pay no interest paying them off in three payments.

[@DrSchor]

I don't get it. How is that free money? You have to pay it off.

[@jcm9356]

If you want to read or listen to a fantastic book about Ben Franklin, I highly recommend Benjamin Franklin: An American Life by Walter Isaacson. The Macawber Principle still holds today: Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.

[@DrSchor]

The Macawber Principle is not in Issacson's book. You have to read Dickens for that.

[@jcm9356]

@@DrSchor I know where the Macawber phrase comes from, I've read David Copperfield. I was making two distinct points.

[@FDR_progressive_liberal]

I was a bank teller for a year and a half and never heard of a "strap."

[@liveinthepresent219]

A lot of the time upgrading or spending more when it's not needed whatsoever is a sign of an underlying personality issue.

[@tomTom-lb5cu]

Great ones. The Bible has many too especially the book of proverbs.

[@DrSchor]

Name one, if you can.

[@sandrafrederick4923]

Origin of "Strapped for money."

[@Steve-gx9ot]

Ben Franklin Drove a Ford Bronco????

[@jeroldpaquette9068]

I find it hard to believe “the average retirement age” is 60!

[@Barbara-te7xz]

If I did what suzy orman or the others mentioned suggested, I doubt that my credit scores would be over 800 and I would have probably lost the house in 2008.

[@LTVoyager]

How so?

[@Steve-gx9ot]

Susie Orman is weird

[@DrSchor]

Of course your score wont be over 800, you silly goose.

[@MILGEO]

It's just a little close to too true about those stacks of bills being worthless as they're really just paper! Isn't that exactly true if it's Hollywood money or printed by the US which no longer backs up their value with anything but a promise to pay it back? Gold was once used as proof that those bills and coins had value, but that's no longer true! So being a long time banker, what do you really think of the Dollars value?

[@DrSchor]

The US backs it up with nuclear subs and carriers. No non performing gold for me.

[@AdamWright8fool]

Now that I’m 51 and dealing with a job loss, I’m reassessing my financial strategy. With 425k saved for retirement, 10k in an HSA, and a property that could yield an additional 200k, what investment paths should I explore?

[@FreemanJameZ]

It makes sense to consider hiring a financial advisor at this point, but delaying retirement for a bit might be a more prudent choice

[@AdamWright8fool]

I’m confused about whether to combine all my investment accounts into one. If I decide to do this, how should I go about it, and will there be any consequences I should be aware of? I also intend to sell my property, which could add an extra 200K overtime. Should I consolidate everything into one investment account, or diversify across several sectors?

[@RhysHuntoffice]

Those are important questions for a financial planner. I met mine at a NYSE summit, and with her assistance, my wife and I rebalanced our 1.7 million portfolio between a regular IRA and a brokerage account. She has been carrying out trades with our permission and has managed to repay double our financial losses. We are holding and cautiously managing the market

[@AdamWright8fool]

That is impressive! my portfolio has remained stagnate. Who is guiding you please?

[@RhysHuntoffice]

*June Renae Matthysse*

[@gregwessels7205]

Guru: A trusted counselor and adviser; a mentor. Well that certainly excludes Ramsey and Orman. You should start every video with a joke!

[@MeltingRubberZ28]

Ramsey isn't completely horrendous lol

[@DrSchor]

Speak for yourself. I have learned a lot from Gordon.

[@Steve-gx9ot]

Save money by flushing your toilet every other day

[@DrSchor]

save money by not buying bottled water.

[@tomm.8892]

It's doubtful you have driven a newer Ford Bronco. They may look nice, but it's not a well-made vehicle.

[@jessegarman7899]

You are missing the point.

[@tomm.8892]

@@jessegarman7899 Nope. I agree with avoiding premium pricing on high end goods. But he should provide an example that has quality, not a junk product, if you want people to "buy in".

[@justrusty]

You got one thing backwards. It's if you fail to get into Brown, maybe you can get into MIT instead.

[@DrSchor]

It's true. M.I.T. P.H.D. M.O.N.E.Y. (credit: mickey mouse club)