Many businessmen tend to forget the days and experiences they might have gone through when they were growing up in the business world. Ted Bauman is nothing like those people who divorce with their past once they reach the top. Instead, Bauman has devoted most of his life trying to give useful advises to young businessmen by sharing some of his experiences on how to protect and grow small capital.
In a recent article about Ted Bauman’s advice on how to protect and secure personal liquid assets, several strategies that young business people can use to protect their limited resources have been shared. The article included some of the thoughts of Bauman regarding his days when he used to work in a gas station. What makes Ted Bauman be unique and an interesting man is the way states that he does hate those days when he used to work for someone because they gave the experience of a working environment which has proven to be very useful to him right in coming up with ways of treating his employees.
Ideas from the Bauman Letter
The ideas of ways of keeping and protecting liquid assets in the business that Ted Bauman stated were shared in the Bauman letter. He gave these ideas because Bauman understood the effect that losing liquid assets could have on an individual’s business. Here are the five ideas,
- Home safe or lockbox
- Safe-deposit box at the bank
- Safe-deposit box at a foreign bank
- Independent vault in the United States
- Independent vault in a foreign country
About Ted Bauman
Although Ted was born Washington, D.C, he spent most of his youth living in South Africa where they had emigrated together with his family when he was very young. While in South Africa; Ted studied in the University of Cape Town where he attained his postgraduate degree in Economics and History. After graduating from the University of Cape Town, Ted has traveled the world delivering his services and skills on matters regarding economics. He has also worked with several companies including Banyan Hill Publishing where he is currently serving as the editor.