Ted Bauman: Protecting Wealth In Any Situation

Sometimes safeguarding one’s wealth tends to not be a major priority. The common theme of a disaster is that people convince themselves that the worst-case scenario will never happen to them. Economist Ted Bauman is an editor for Banyan Hill Publishing who specializes in asset protection. After a relative of his passed away, he was inspired to write an article about protecting one’s assets in the event of a major disaster. This could include a burglary, fire, natural disaster or a financial or economic crisis. One of his big tips to his readers was to keep a small portion of their wealth outside the financial institutions. Most people in our modern era have digital wealth, so the advice of keeping valuables at home may seem a little absurd and unsafe. However, keeping some cash and precious metals outside the banking systems is a form of wealth insurance and a great way to diversify one’s holdings.

Ted Bauman advises that investors have a water and fireproof lockbox at their home. In his article, he pointed out how his relative had stashed away a lot of cash and valuables in their home but failed to properly secure their assets. He mentioned how a fire had almost burned down his relative’s house, and how a robber could have easily broken in and stolen his relatives’ wealth. Ted Bauman did feel that his relative was prudent for keeping some of his wealth outside a bank. In a financial crisis, this could potentially be a very important thing to do, which is why it is good to keep a little bit of wealth at home.

Investors uncomfortable with the safety of their home may opt to have a safe deposit box in a bank. Most of the time this is safer than storing cash at home. However, Ted Bauman brings up the recent financial crisis that took place in Greece. Investors who stored anything in safe deposit boxes at a bank had their wealth taken from them by the government. Therefore, a foreign or domestic vault with a private company may be the safest option. The downside is that an investor is going to need to have a lot of money to have access to a private vault. Here’s How the Bull Market Dies

Malcolm CasSelle CEO of Many Organizations at Once

Malcolm Westley CasSelle is the president of WAX that means Worldwide Asset eXchange. Malcolm CasSelle was born on March 22, 1970 and was educated at Southern Lehigh High School. CasSelle received his bachelor’s degree at MIT in Computer Science. He earned his master’s degree in Computer Science from Stanford University in 1994. CasSelle speaks fluent Japanese and Mandarin.

In 1995, CasSelle co-founded and served as the CTO at NetNoir. During 1998 to 2002, CasSelle was CEO, senior vice president, at the Pacific CyberWorks that is a publicly run Telco service provider located in Hong Kong. From 2006 to 2013, CasSelle served as the director of the Hong Kong based Captital Union Investments. Xfire, a global network for Xfire video game players, had recruited CasSelle as their CEO. In January 2013, CasSelle began to save as the CEO of MediaPass. MediaPass is an online digital subscription company to generate digital revenues. In 2013, CasSelle co-founded Timeline Lsbs that is a social media company where served as their CEO. In December 2014, Timeline Labs was sold to SeaChange International.

Prior to founding WAX, Malcolm CasSelle and his team had used their experience in Opskins to come up with the name WAX for the new company. How does an entrepreneur find so much energy? CasSelle believes in a consistent daily routine for success in the business world. It begins with basics. Mr. CasSelle makes sure he has at least eight hours sleep. To be a success, one needs to have a healthy diet and daily exercise. One needs to be clear about their ideas and have a team that can evaluate the ideas, and see which ones work and what doesn’t. CasSelle believes people who want to be success should pay attention to the small details but not let it get to you. The CEO believes that one must not let failure get them down. Failure can be a great teacher. Examining failure gives little clues that people learn to amend where they went wrong with their plans. Most of all, one needs to find a way to feed and nurture the soul.

Find out more about Malcolm CasSelle: https://twitter.com/malcolmcasselle?lang=en