Mr. Ted Bauman is the Editorial Director at the esteemed Banyan Hill Publishing as well as an author. Mr. Ted Bauman has written a vast number of original articles encompassing a variety of topics such as finance, media, business, travel, and many other topics.
One of his latest works has been dedicated to financing and, to be more precise, to retirement. In his article, Mr. Ted Bauman talks about a mistake he made in terms of his retirement plan which he explains and advises against. Mr. Ted Bauman has a quirky writing style he has been polishing over the years. His articles flow easy and intriguing.
In terms of his retirement mistake, Mr. Ted Bauman mentions three numbers that some financial experts would say are some of the most important ones. They are located on a person’s dashboard on their financial software. One of the numbers is the person’s credit score which according to many people is one of the ways to assess a person.
Many people fail to recognize the true significance of that number, however, which is personal financial stability during retirement on tedbaumanguru.com. Net worth is one of those figures that people often forget to remember about themselves. Having a wrong number for one’s net worth before retirement can prove problematic, especially since the net worth is the foundation of many people’s retirement plan.
One of the counterparts of a person’s net worth is their house. After retirement, most people sell off their house yo a younger family and move into a smaller dwelling that does not need as much maintenance. Some use the money to move into an assisted living apartment where they can be taken care of from then on.
This is where the next generation comes into play according to medium.com. The amount of money that one’s house would sell for today is vastly different than what it will be worth in the future, say ten years ahead. The next generation might not be able to afford the price of the said house, even.
Mr. Ted Bauman has come to the realization that when it comes to one’s retirement, including his own, it is better to look for value instead of price as monetary amounts vary but what is valuable to you will remain more or less constant, especially when it comes to your home.
Net worth will change because currencies change but if you plan your retirement more based on the value you should have an easier time.
Learn more about Ted Bauman: http://thesovereigninvestor.com/precisionprofits/ted-bauman/
Christopher Burch founded and is CEO of Burch Creative Capital. He has helped in the rise of over 50 companies in his 40-year career as an entrepreneur and investor. He started his entrepreneurial career in 1976 with his brother, Bob, by investing $2000 to start Eagle Eye Apparel. They grew the business to be worth $165 million and sold it to Swire Group.
Burch has invested in several international and domestic real estate ventures in places like Palm beach, Florida, Nantucket, New York, and Southhampton. Additional article to read here. He partnered with Alan Faena and architect Philippe Stark to build the Faena Hotel + Universe on and underutilized piece of land in Argentina. On the island of Sumba in Indonesia, he acquired the luxury resort Nihiwatu and renovated it. Check on wingsjournal.com for a related article.
Christopher Burch is also no stranger to the fashion industry. In 2011 he launched C. Wonder, a home decor, apparel, and accessories retailer, which was bought by Xcel Brands. Mr. Burch partnered with Ellen DeGeneres, the TV host and entertainer, in July 2014 to start ED by Ellen Degeneres, a lifestyle brand. In the same year, Cocoon9, prefab luxury homes with contemporary design, space-saving layouts, and features that are energy efficient was launched. Overall, Chris is working in many different industries, including retail, hospitality, home furnishings and apparel, technology, and organic foods, just to name a few.
Outside of the retail and consumer industry, Mr. Burch was on the board for the Rothman Institute Orthopedic Foundation. He has also worked with The Pierre Hotel Co-op Board as their president in the past. In several Philanthropic efforts, he has donated to NYU Langone, The China Association of Social Work, New York’s Mt. Sinai Hospital, The Sumba Foundation, The Henry Street Settlement, and The Child Welfare League of China. Interesting article to read on huffingtonpost.com.
Recently, in an article, Chris discussed the intertwined evolution of fashion and technology. Using the example of the boom box in the 70s, he describes how technology became fashionable. For the interview, hit interview.com. Over time, and with technology becoming increasingly accessible, fashion designers are using technology in unprecedented ways to make technology less of an outliers hobby and more mainstream. For additional info, head over to crunchbase.com.
Be mesmerize by the beauty of one of his investments on https://www.forbes.com/sites/lauriewerner/2014/11/05/indonesias-next-wave/#2db20ae3e43e
For the second year in a row, the luxury island resort known as Nihi Sumba Island has been voted as the best hotel in the world by Travel+Leisure, a famous travel magazine. This 5-star hotel, located on the west coast of Sumba, an Indonesian island, has beaten even the Brando, the vacation spot of the former US President, Barack Obama. The resort was bought in 2012 by Christopher Burch, the CEO of Burch Creative Capital, and James McBride, a famous American bestselling author and musician. They then renovated the land and opened it as Nihiwatu in 2015, although they have since shortened the name to Nihi. Related article on wingsjournal.com. The resort features 27 private villas, each with a plunge pool. There are also two, two-story houses located on the resort that are connected via a bamboo bridge. Both houses have a bedroom, bathroom, and a balcony. All one-bedroom villas start at $750 a night, but Burch’s private estate costs around $14,000 a night. Check businessinsider.com for more reading.
About Christopher Burch
Christopher Burch is the founder and head of Burch Creative Capital. He is an entrepreneur, and has been an active investor of many businesses for almost forty years. His success streak first started in 1976, when he invested $2,000 into starting Eagle’s Eye apparel with his brother, Bob. He went on to invest in several domestic and international real estate properties, and partnered with arcitect Phillippe Stark and hotelier Alan Faena to revitalize an underused area of land in Argentina, developing it into the Faena Hotel + Universe. Head over to fashionista.com for additional article.
Additional article to read here
Burch also founded C. Wonder in 2011, an accessories, home décor, and apparel retailer, and sold it to Xcel Brands. In 2014, he partnered with Ellen DeGeneres, and launched ED by Ellen DeGeneres, an online clothing store that sells apparel designed by the popular entertainer. In the same year, he also started Cocoon9, a company that sells compact, energy efficient, and quality constructed homes. These homes feature modern designs and smart technology, and can be transported and assembled anywhere in the world. He also funds the development of many lifestyle and consumer product brands, ranging from apparel to organic food industries, such as Brad’s Raw Foods, Little Duck Organics, and Soludos. Read and learn from his insights on this article on interview.net.
For an investor details and timeline activity update, hit https://www.crunchbase.com/organization/burch-creative-capital#/entity