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CYA: Cover Your Assets
Plastic cards, computers and digital currency are essentials these days, but when the Internet is down or the ATM is out of service, cash is still king. How can you stash it safely? This book offers creative (and perhaps debatable) advice. It is Hiding Your Money: Everything You Need to Know About Keeping Your Money and Valuables Safe from Predators and Greedy Creditors. Published in 2000, the book is still timely and still available from Amazon.No endorsement of the book nor its advice is implied by this blogger, but it is an interesting read and food for thought.
Here are a few ideas from the book.
* If you have a hollow shower rod, it’s a good place to hide cash or documents says this author.
* Western Union must report to the Treasury department transfers of more than $XXX and banks must report transfers of more than $XXXXX. If you want to wire money use a full-service bank that knows the current limits.
* In cold weather, the lining of your coat may be a good place to secrete cash, as long as it is not an expensive coat that is attractive to thieves. “Don’t let it out of your sight for minute,” advises the book.
* Hiding places for flat items include behind pictures or mirrors. The author would go as far as hollowing out the wall if more room is needed) or inside a chair cushion. Fasten a package to the back of a drawer.
* Fender wells make good hiding places, but make sure the hiding place is well attached for rough roads and protected against mud and wetness.
* Remove some of the padding in the sun visor, and stash cash there. (Janet adds, There is also a commercial product containing a safe compartment within a headrest.)
* Here’s wild idea. The book tells about a man who bought $40,000 in refundable first class tickets, effectively turning every airline office into an ATM! Janet adds, Sounds pretty risky to me.
* Rare coins are easy to hide yet can be worth a great deal of money. The author cites a friend who keeps has two South African Krugerrands on hand for emergencies. You might also have a gold piece made into jewelry and wear it always. An ounce of gold is worth more than $4,000 at today’s prices.
Janet adds:
* If you have a safe in the RV, bolt it to a secure chassis member.
* Thieves know as much as you do about hiding places and much more. However, they may not know your RV. Use that to your advantage.
* Close curtains when leaving the RV to avoid quick smash-and-grab heists. Keep valuables away from windows.
* Keep abreast of modern security advances. Keep your devices current, charged, in good repair and suitable for your RV lifestyle. Change codes and passwords often.
* It’s an old trick but more important than ever now that millions of look-alike RV’s are on the highways. Paint a distinctive symbol or sign on the roof of your RV so it can be spotted from the air if stolen.
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