In The Way to Wealth, Benjamin Franklin gave some sage financial advice, even on how to control living expenses. He also gave timeless advice regarding avoiding debt.

Mike talks about some of those pieces of advice as well as answering a listener question about the recent interest rate increase and ideas about how to help others in your local community.

Mikes’ wife Cathy calls in to discuss ways she helped keep living expenses low as she and Mike raised their children.

He also shared an old Saturday Night Live skit.