Teds Bauman is a great resource when it comes to trying to protect your wealth. Ted Bauman is a financial expert with nearly twenty years of experience. After reading a view of his articles, I have learned some very important tips to help protect my valuables.
The first article I read explained a bunch of Ted Bauman’s tips to help protect your valuables during a disaster. The first tip described was using a safe or lock box to protect your most valuable items. purchasing one of these would be a great way to help protect cash, gold, or anything else that is valuable to you from fires and floods. Another tip given by Ted was to have a safe-deposit box at your bank. These are great for securing your liquid assets and keep them readily available. The only downside about having your valuables stored in storage is they are not covered by the Federal Deposit Insurance Corp. Even though your items are not covered by insurance if they are in storage, Ted still thinks it would be a smart move.
The second article that I read about Ted Bauman was an article talking about how to protect your wealth from the next market crash. His first tip was to develop a balanced viewpoint. He described how wealth is not going to happen overnight and how it might take years in order to build your wealth. He said that you should not get scared and back out but to keep an open mind when it came to oyur money. The second tip from Ted Bauman was to invest in both stocks and bonds. He says this because investing in both is a great way to grow your wealth. Some stocks also payout dividend which is another way to to increase your wealth.
Reading these two articles was very helpful. They stated many helpful tips from Ted Bauman which I believe will come in handy when it comes to protecting my wealth.