Ted Bauman has dedicated his career to connecting individuals with resources that help them live freer financial lives. He was born in Washington, D.C. but emigrated to South America as a young man. Ted Bauman attended and graduated from the University of Cape Town and concentrated in the areas of history and economics. For over two decades, he maintained a number of jobs, which served groups of people who required financial assistance. He was a fund manager for a low-income housing project and joined a number of organizations like Slum Dwellers International.
In the later parts of his career, Ted Bauman consulted for international governments and the United Nations. These experiences gave him a solid comprehension of the ways that politics and economics influence society. By 2008, he returned to this country and took on the role of Director of International Programs. Thanks to his economic knowledge, he focused his efforts toward sustainability and effectiveness.
In 2013, Ted Bauman became part of Banyan Hill Publishing as a part-time editor. With this writing background, he began “The Bauman Letter,” a newsletter that offers advice about preserving and securing wealth. He provides investment tips and unique strategies that are meant to help subscribers. Ted Bauman recently started “Smart Money,” a weekly stock trading service. Listening to his business perspective may help others who are interested in this field.
- 1 How did you get started in this business? What inspired you to start this business?
- 2 How did you make money?
- 3 How long did it take for you to become profitable?
- 4 When you were starting out, was there ever a time when you doubted that it would work? If so, how did you handle it?
- 5 How did you get your first customer?
- 6 What is one marketing strategy that you’re using that works well to generate new business?
- 7 What is the toughest decision that you’ve had to make in the last few months?
- 8 What do you do that makes you successful?
- 9 What has been your most satisfying moment in business?
- 10 What does the future hold for your business? What are you most excited about?
- 11 What business books have inspired you?
- 12 What is a recent purchase that you have made that’s helped with your business?
- 13 How do you breathe life into ideas?
How did you get started in this business? What inspired you to start this business?
I have always had an internal desire to help others. Thanks to my financial background, I have been fortunate to be able to fulfill my dreams. My work was inspired by my interest in protecting the rights of others from the threats of government and large businesses.
How did you make money?
When I returned to the United States, I joined a non-profit in Atlanta, Georgia. Later, my father persuaded me to follow in his footsteps and join the world of financial writing.
How long did it take for you to become profitable?
Thanks to my financial background and experience in South America, my success was much easier to achieve in this country. When I became a writer, my knowledge of economics was extremely helpful. It took little time and effort to create content that attracted the public’s attention.
When you were starting out, was there ever a time when you doubted that it would work? If so, how did you handle it?
In the early years, I had issues with time management. When I was employed in the public sector, I worked with a company that helped to construct housing for low-income individuals. We tried to intervene so that we could develop a financial management system that would help them maximize their money. Later, I learned that boundaries must be set. To a certain point, a community must assess what it can handle without outside guidance.
How did you get your first customer?
In the writing industry, people recognized my name. My father worked as a financial writer, and I followed in his footsteps. Since people were familiar with his work, I was able to gain great success with Banyan Hill Publishing.
What is one marketing strategy that you’re using that works well to generate new business?
I try to stay informed about the newest financial data that becomes available. Staying on the forefront of my industry allows me to do my job to the best of my ability, and the public understands my dedication to them.
What is the toughest decision that you’ve had to make in the last few months?
I find that more and more of my readers are beginning to question the global economy. I am not a big fan of government regulation, but I am happy to address the interests of my followers.
What do you do that makes you successful?
In my opinion, my success is due to good time management. Although I sometimes struggle to balance my time, I know when I can be most productive. Productivity is the key to success.
What has been your most satisfying moment in business?
By far, the best moment in my career was when I became a writer. Right now, I am experiencing the happiest part of my career. I get to keep my mind busy with my personal interests and to help society at the same time.
What does the future hold for your business? What are you most excited about?
In the future, I look forward to continuing my writing. I love offering advice that helps people gain some knowledge in my industry. I hope to expand my number of followers for my newsletter and investment services.
What business books have inspired you?
I believe that “Capital in the 21st Century” is a very good book. It contains a common sense view and analyzes the heightening concentration of wealth in the world. It reinforces the idea that inequality may be dangerous to the economy.
What is a recent purchase that you have made that’s helped with your business?
I am always updating the software that I use so that I can watch stocks and analyze what is going on in the world. I recently purchased a new program that makes it simple to set up portfolios.
How do you breathe life into ideas?
I write for a living, so I must be good at critical thinking. Although this is challenging with topics like asset protection and finance, I try to apply practical examples so that my readers can totally understand what is happening.
Learn more about Ted Bauman and his newsletter “Smart Money” click here.