Baum made a good income from his books. He spent time travelling around the world with his wife. They settled in Hollywood, California, and Baum made movie versions of some of his "Oz" books. He also produced stage versions of them. But his businesses were not always successful. In time, Baum had to declare bankruptcy. He was smart enough to put his house in his wife's name, so that they did not lose their home in the bankruptcy.