Investment Traps and how to Avoid Them: A Canadian Guide to Savvy Investing Book

The big buzz of "downturn of economy" is everywhere - in the news, on the radio, in newspapers, at dinner tables. It's so easy to get wrapped up in the buzz that we can't look past our own noses to see what part we play in it, and what part needs to be changed. Change can only happen if we make a decision to change ourselves and that's exactly what "Crisis Investing and Entrepreneuring" by William L. Seavey does.

Seavey comes from his own personal experience and shares strategies of how he was able to turn around his situation and come out on the top. Is it easy? No. But, it is doable if we are committed to make the change and not "go down" with the nay sayers. One way is told in his chapter "Finding Collectables Cash in your Attic." How much "stuff" do we really have that we don't need and don't use, yet it sits in our attics or basements collecting dust? Yes, it may have been in the family for several generations, however, does the next generation really want it? Ask, and you will probably find they are very simplistic and have no interest in the "stuff." Seavey says to sell those things and use the money to invest.

Another strategy Seavey gives is "Moving to a Cheaper Small City or Town." This may give an immediate reaction of "No Way!" but by doing some research that town could be only a short distance from where you live now.

Seavey gives good, reasonable, and doable strategies. Even using one or two of these strategies will make a difference financially. We don't have to get wallowed by the buzz, we can create our own reality. Buy the book - it may be the best investment you've made.