Ted Bauman is an expert at managing wealth and has tips for people who are concerned about what will happen to their assets if disaster tips. It’s important to remember that disasters of both natural and economic sources can hit financial institutions as well as your home so just putting your wealth into an account may not be enough. If you are a working class citizen, disaster could affect your financial health much more than it would those in the upper class.
It’s important not to leave your wealth all in one place in order to avoid losing it all. While most of us feel more comfortable with our valuables being close at hand this may not always be the best idea according to Ted Bauman. Before his career in the economic world, Ted Bauman was used to working manual labor and service industry jobs and knows what it is like to have a hard time financially.
If you do decide to keep your valuables in your home, it’s important to keep them safe from theft, fire, and water damage. Ted Bauman suggests investing into a heavy duty safe that can be secured to the home to prevent it from being lost or stolen. If you chose to use a lockbox it’s important to make sure that it is fire and waterproof and has a secure lock. Safety deposit boxes or vaults are also a viable option and can be rented in the United States or in a foreign country.
Ted Bauman is an editor for Banyan Hill Publishing and uses this forum to give financial advice to the working class people of the United States. After immigrating out of the United States to South Africa he with non-profit organizations, mostly in low-cost housing fund managing, in executive positions before moving back to the US. He wakes up early to take care of his daughter’s needs before she goes to school and spends his workday researching the news and other sources. By keeping up with the latest events he is able to provide the advice that his readers need to achieve financial success.
To learn more:https://banyanhill.com/expert/ted-bauman/