Washington and Lincoln: Financial role models

first_imgby: CHRISTINA PONTISSOToday we celebrate President’s Day a holiday mostly associated with George Washington and Abraham Lincoln’s birthdays. A day in which most Americans take time to celebrate American history. Another thing to recognize today, is how much Washington and Lincoln were notable savvy money managers.Jacob Davidson of MONEY explains in his article, Money Lessons From the Presidents, how our early presidents saved their way to financial wealth.George Washington: Master of DiversificationGeorge Washington mastered the art of diversification. During the 18th century, Americans were making a profitable business to export tobacco to European buyers. Unfortunately, the bubble burst in the 1760s, leaving few, such as Jefferon, to modify their business tactic. “Washington was the first to figure out that you had to diversify,” explains Willard Sterne Randall, biographer of multiple founding fathers. “Only Washington figured out that you couldn’t rely on a single crop.”Washington turned his attention to wheat,  he exported the highest quality overseas and sold the lowest quality of wheat domestically. In addition, when the value of land decreased Washington stopped buying new land and instead started renting out land he owned to others to make a profit. For example, he charged local fisherman to use his docks on the Chesapeake. Smart businessman! continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Grandmother Jailed for Possession of CBD Oil Sues Walt Disney World

first_imgWalt Disney World, the happiest place on earth, is facing a lawsuit from a North Carolina grandmother who was arrested outside the Magic Kingdom for CBD oil possession.A civil rights attorney says he intends to sue not only the theme park, but also the Orange County Sheriff’s Office for violating his client’s civil rights when she was taken into custody andheld behind bars for 12 hours.Sixty-nine year old Hester Burkhalter suffers from arthritis, and her husband says the oil derived from the hemp plant was recommended by a doctor.Burkhalter was arrested last month for trying to bring the CBD oil inside the park which is prohibited.last_img

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