Creating a reserve of cash and other tangible investments is one of the best things you can do to protect your finances during a disaster.
Slowly building a “vault” of cash and silver will ensure you can buy supplies during a crisis.
But all that means nothing if your investments aren’t protected.
Without taking proper precautions, one home invasion can erase all of your hard work in an instant.
Of course, ensuring that no else knows about your emergency wealth can help. After all, folks are less likely to plan a robbery if they aren’t aware that you own something valuable.
But with over 3.7 million burglaries in American households every year, secrecy can only go so far.
That’s why I plan to regularly provide strategies for safeguarding your wealth in upcoming issues.
And here’s an easy way to start…
Taking Asset Security to the Next Level
A well-fortified safe is the obvious candidate for keeping your money out of a criminal’s hands. But it has a few drawbacks.
Sure, the average burglar might not be able to crack your expensive home safe. But even the fact that he knows it’s there is dangerous.
If they know you have a safe, they know you have something worth stealing. Which means they can return better prepared at a later date — or, even worse, wait until you come home and try to force you to open it.
That’s where “diversion safes” come in handy.
Diversion safes (also known as decoy safes) are working safes disguised to look like ordinary household items.
I’m sure you’ve seen some of the classic decoy safes: the hollow book, the fake Coca-Cola can, the fake rock, or even just an empty can of Folgers coffee.
The problem is, these iconic diversion safes are too well-known now. Which obviously defeats the purpose.
Luckily, new innovations in this area will easily fool even the most thorough burglar.
Here are some of my favorites…
>> The Decoy Breaker Box. This is absolutely one of the best ideas on the market right now. Designed to look like a typical residential breaker box, this safe has a decoy electrical panel complete with fake fuses.
The best part? You line up the dials in the decoy box in the right combination to unlock the safe hidden behind it.
>> Fake Vent Safe. If you’ve watched Breaking Bad or any number of mafia movies, you’ve probably seen some genius try to hide their enormous stash of cash in a heating vent.
In reality, a working vent is a terrible place to put cash. Your valuables can get scattered throughout the vents, cause blockages, and even create fire hazards.
A vent-shaped safe provides an innovative solution. These decoy vents (available on Amazon) are inconspicuous and easy to install.
>> Decoy Plug Outlet. These simple safes are small compartments secured with a flathead screw.
These might be small and low-tech, but at less than $10 online, it’s tough to find a cheaper solution for storing your valuables.
Another quick tip before signing off…
In addition to upgrading your safe, you can also give the intruder some incentive to depart quickly.
I like to leave about $40–50 in change — along with some cheap costume jewelry — on my nightstand. Your average burglar will grab these and be long gone before they realize there’s anything better to steal.
All the best,
Editor, Money & Crisis