© 1999 Michael S. Hyatt
OK, so you've decided to stash away a little cash. Obviously, you
want to be very careful. You don't want to become a target for thieves
or other criminals. (The best way to do this, by the way, is to strictly
guard your privacy. Don't tell anyone what you are doing.)
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But once you have it, where do you put it? In general you want to
apply the 20-minute rule: Go through your house and ask yourself, "If I
were a burglar with 20 minutes to clean out this house, what would I
steal and where would I look?"
There are probably a million and one places to hide your money, but,
according to experts, there at least four places you want to avoid:
- Don't put it under your mattress. The image of grandma tucking a
little money away in her mattress for a "rainy day" is almost a cultural
icon. This is one of the first places thieves look. Moreover, it's not a
very convenient place to put money anyway, so avoid it.
- Don't put it in your dresser. This is also one of the first places
thieves look. People often store cash and valuables there.
- Don't put it in the deep freeze. The phrase "cold, hard cash" came
from this practice. Maybe at the time it was a cleaver place to put it.
However, it is now a primary target for burglars.
- Don't put it in a safe. The problem with a safe is that it
screams, "Valuables inside!" Most safes that can be purchased are easily
cracked by professionals. If you are going to get a safe, buy a
substantial one and hide it behind a false wall or floor.
Now get creative. Where can you put your money so that it is safe
from theft? There are a number of places that an inventive mind can
discover. In the meantime, if you have a "cash stash" idea, send me an
e-mail and tell me about it.