Other Real Assets

Other than solid metal there are some physical assets too, which holds a good value. Investing upon the real assets also gives fair return. These hard assets include fine art, cars, watches and other jewelry, and anything that qualifies as a collectible. Real assets also carry the advantages that it can be touched and seen, where else in case of bank account statement, it could be hard to collect on if the respective financial institution ceases to exist. Do not forget to diversify some of your money in real assets, in case you are planning to make a safe investment.

More: Have Multiple Assets? Check Your Wealth Tax Liability

Under Your Mattress

We know this sounds outdated and cliché but you are not exactly advice to do so. Be creative and think of the other ways by which you can store your money in your refuge (home). Storing money in a safe deposit box at home will give the benefits of withdrawing cash during the times of emergency without any hassle. But it is suitable only for storing smaller amount and as it doesn’t provides any appreciation it the value of the assets. Placing your safe deposit box in a hidden location which provides a safe custody for your money, is as important as keeping a mental or physical record of where they are located.

Also Read: 5 Ways to Curb Emotional Spending