“Occasionally I come across rare books that reveal solutions to
our society’s biggest problems. This book offers real life answers and advice you
can trust. Seavey has a wealth of experience--and has survived past recessions.
Each chapter is filled with helpful info and at the end there is a section to
assist you in further research on the topics discussed. If you are dreaming about
making more money or interested in discovering some new ideas for investing in a
recession, then I can recommend this book.”
--Rebecca Johnson, The Rebecca Review, Amazon Top Ten Reviewer (5
Are You Still Taking a Financial
Is the Great Recession over? We all hope it is. There are
some signs things are improving (fewer job losses, a stock market rebound, some manufacturing
activity, big banks becoming sounder etc.) but , DEEP DOWN, there is continued trepidation and
downright fear that more trouble lies ahead.
Trust in the capitalistic system--and its supposed overseer, the U.S. government--is at an all
time low. Trillions of dollars of wealth--YOUR savings and investments--evaporated when housing
prices tanked, banks teetered, companies laid off thousands, and when the Dow Jones Industrial
Average plummeted into the 6500 range.
Many--including the so-called “experts” (brokers, speculators, analysts, money managers etc.)
were taken by surprise when the economy imploded. The fallout has been that few remain trustworthy
simply because they were steering the ship when it hit, like the Titanic, a huge iceberg. The
temptation, completely justified, is to hoard what savings you have left, pay down the mortgage (if
you have one), and rein in spending any way you can.
A little over two years ago this investor and businessman had begun to come into
contact with some rare individuals and organizations who actually PREDICTED the
crisis. Naturally, they were pooh-poohed by the mainstream media as “doom and
gloomers,” since the Dow Jones Industrial Average was still well over 10,000, and
homes, though rapidly losing value, were still selling by real estate
agents/brokers, not just banks(!)
These contrarians were people like John Rubino, author of How to Profit from
the Coming Real Estate Bust (published in 2003!); Martin Weiss, publisher
of Safe Money Report (which was anticipating a serious correction and
advising, early on, a flight to safety via U.S. Treasuries, “inverse” ETF’s and
other strategies); and Doug Casey, who has, for years, felt strongly that
government deficit spending would result in catastrophe for the U.S. dollar, and a
rise in precious metals prices. This definitely has happened!!
In early 2008 I sold every bank stock I owned and began a gradual liquidation of
most of my mutual funds and individual equities in all but a few sectors. We had
taken on a teaser interest only (1%) loan on a house we bought in 2005 and,
fortunately, were able to pay it off by 2007 with the sale of another house before
the prices really tumbled. My wife and I started a home-based business that has
proven virtually recession-proof right up to the present, when so many other
businesses have been cutting back operations or even going under. In other words,
we took constructive action, though it was at times frightening.
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I have never considered myself an “expert” in financial matters before BUT, overviewing all the
incisive moves my wife and I made assisted by some shrewd contrarian advisors (and some good
instincts) in the last couple years, we have sailed through the Great Recession relatively
unscathed. We are certainly much more fortunate than most, and do count our blessings…
|"...too much greed, and lies
and hypocrisy. These are some of the factors behind the global crisis.
Those people who feel that money is the most important thing in life,
when economic crisis hits, learn that it is only one way to be happy.
There is also family, friends and peace of mind. Therefore, this crisis
is good, because it reminds people who only want to see money grow and
grow that there are limitations."
-The Dalai Lama
Thankfully, This crisis won't be even
Following the stock market crash of October 2008 I began to feel there was a great need for
steadying advice--since so many had felt betrayed by the system and had been irreparably harmed.
The problem was (and is) that the natural tendency was (and is) to stay on the sidelines until
there was a sign that the storm was over. Unfortunately, this apathy partly led to the losses many
incurred, because they were not actively managing their financial affairs/investments. (In fact,
only about 15% of all stock market investors actually made adjustments even in 2008 when they were
losing their shirts).
So my message to you is that you cannot let fear paralyze you, ESPECIALLY NOW. You will never
again be able to “sit” on a mutual fund or a 401K and expect predictable profits, without staying
tuned into the ebbs and flows of the economy. Do it at your peril in this schizophrenic
The "second wave" of the Real Estate
Crisis. These Option ARMs, where home buyers often pay less than even the
monthly mortgage interest on their homes, threaten to equal or surpass the
toxicity of the sub-prime debt. In the present declining market, most of these
homeowners are, or soon will be, underwater- with a high likelihood of default
at reset. The "options" for many of these homeowners will run out, with many
entering foreclosure. Figuring at least 9 months from reset until foreclosure,
this promises to extend the real estate market pain well into 2013.
Option ARM Resets
In fact, you must truly diversify your investments like never before. We’re not just talking
about within the stock market (IF you dare pursue that), but also into such assets as rental real
estate, precious metals, collectibles, currencies, new business opportunities, even your choice of
And that is the area I decided to research in late 2008, not only because I had had some success
in these areas, but because I felt, as an author (Moving to Small Town America, Dearborn
Financial, 1995), I could fairly quickly put a book out on the subject while people were still
hurting. The result, eight months later, was Crisis Investing and Entrepreneuring (10
Innovative Strategies to Help YOU Achieve Financial Success and Solvency in a Down Economy).
And it turns out to be one of only a very small handful of books that came out in mid
2009 that actually offered advice you can bank on at a very scary time…
But don’t take my word for it.
Here’s what a few media, one scholar,
fellow authors and independent reviewers are saying about Crisis Investing and
“Crisis Investing and Entrepreneuring is a timely, readable combination of
financial and career advice that has something for pretty much everyone.”
--John Rubino, author, How to Profit from the Coming Real Estate Bust, (Rodale
Press, 2003), and Collapse of the Dollar
“Your book--what I’ve read of it, at least--is smart and engaging. I’ll definitely write
about it in my blog.”
--Justin Fox, Time Magazine Financial Columnist (The Curious Capitalist) and
author, The Myth of the Rational Market.
“Positive thinking lets you make the best of even a bad situation. This book is a guide to
successful business planning during a down period. Home based businesses, opportunities that
arise in a downturn, facing one’s possible debts, and playing the stock market even when it
seems unwise are all discussed and given sage advice. This book is a vital read for anyone who
doesn’t think a bad period is the end of the world.”
--James A. Cox, Editor-in-Chief, The Midwest Book Review
“Writer and entrepreneur Seavey looks at today’s economic downturn as
an opportunity as well as a danger. His variety of methods for ameliorating a downturn’s
negative effects include holding precious metals, selling collectibles, and relocating to a
less expensive region. He also explains how to start a business in tough times and how to
invest with an eye toward taking advantage of low prices. He peppers his advice with a plethora
of examples from personal experience. The personal experiences approach will appeal to many
--Lawrence Maxled, Gannon University, writing in Library Journal
“America needs this book NOW!”
--William Alarid, author of Free Help from Uncle Sam and Money Sources
for Small Business, Puma Publishing
“I trust Bill Seavey. He delivers solid advice to propel entrepreneurs into the kinds of
actions that will lead to a bright financial future.”
--Randy Peyser, Author, The Power of Miracle Thinking and From Crappy to
“Seavey is a small town investor with a “green” agenda who nonetheless offers some decent
thoughts about where to put your money today. I disagreed with some ideas, agreed with others,
and generally found that I could have a thoughtful dialog with the text. On the whole, I found
this book refreshingly different from most of the ‘crisis investing’ literature I have read.
There are some thoughtful ideas by someone who is trying to rethink how we will invest in the
future, and I enjoyed the relatively unique approach.”
--Fritz Ward, Amazon Top Reviewer (4 stars)
“This book outlines some alternative investments and other ways to make money during a
crisis period. I liked that Seavey gave some of his own experiences with many of the
investments--and which mostly worked out. Although most of his ideas are alternatives to the
stock market, he also gives information about “green” and socially responsible investments and
where to look for them. If you are as wary of the whole financial situation today as I am--and
need some alternative ideas for investing--this book is a good place to start.”
--PT Cruiser, Amazon Top Reviewer (4 stars)
If you are a regular book reader (or even if you aren’t), the question might now arise: why have
I never heard about this remarkable work? Alas, that’s the $64 question. I have pondered it myself
for several months and come up with a few answers-- none really entirely satisfactory. When
the book first came out with professional editing, graphics and packaging--and a publicity
campaign--the media acted like it wasn’t even there--especially the financial media. Perhaps they
didn’t want to admit that an upstart had some good, constructive ideas.
But I never wanted Crisis Investing and
Entrepreneuring to be invisible, and refuse to accept that there isn’t still a great
need for it. Just recently I added a Special Report, “The 12 NEW Rules and Realities
of Your Money ($$$)--for 2011 and Beyond,” which is yours free if you order
the book. You need to know what the future is likely to bring, and these are my best
projections. I don’t sugar coat what is likely to happen--but don’t worry, the news is not all
I have nothing to sell on this site BUT this book, and $9.95 is, let’s face it, chump change.
Yet Crisis Investing and Entrepreneuring is backed by a money back guarantee. That
means you can send it back anytime (in good condition) for a full refund--and keep the
Special Report. Believe me, you won’t be given the runaround.
So thanks you for reading this long narrative. If there was any other way for me to convey how
important this project has become, I would.
William L. Seavey
Book chapter headings:
1. Investing in “Hard Money”
Summary: Gold, silver and other precious metals like platinum have been
traditional stores of wealth for millennia. While “gold bugs” are often seen as eccentric
survivalists, the fact remains that these commodities have done well in the first years of the 21st
century--the author’s holdings in gold alone have TRIPLED in value. Billions of dollars are flowing
into hard money assets from the stock market to gold and silver as this is written. The government
is “printing” money during the current emergency, and it may eventually lose much of its value.
2. Finding Cash in Your Attic
Summary: If we are nothing else, modern Americans consumers are
“packrats”--collectors of an almost unimaginable array of products and gizmos, some of which may be
valuable as antiques. Many of us don’t even realize how valuable some of these things
are--especially ceramics, old furniture, art, vintage coins/stamps etc. If we don’t have
collectibles ourselves, we can learn to spot them, purchase them, and sell them on Ebay and various
auctions. The art and collectibles market is holding up well, so far.
3. Relocation Downscaling for Major
Summary: Moving from a large, expensive urban area to a much less
expensive small town or rural area may seem like a drastic step, but it has paid off for many.
Housing is usually much less expensive in rural areas, health care CAN be, and the possibilities
even exist to grow some of your own food and generate your own power. Pre-retirees are particularly
in a unique position to be able to take advantage of locales that may be distant from job centers
in order to cut costs. The author has experience in all this as the former director of the Greener
4. Letting the Online Bank Pay You
Summary: Once it can be established which banks and credit unions are
“safe” (we examine the existing rating services), it is not unreasonable to consider moving money
from volatile investments into Certificates of Deposit paying up to 3% annual interest if you can
find them. Today, online banks are where the action is. There is satisfaction in knowing this is
not money that can be lost, though it often stays tied up and there are other caveats people need
to aware of.
5. Investing in a Home Based Business
Summary: The author once experienced a 17% unemployment rate in his small
city in Oregon, and started a resume’ writing and job counseling service (in his garage!) that
lasted 7 years. A few hundred dollars can go a long way to beginning a home-based venture, and
since that time, in good times AND bad, he and his wife have made thousands of dollars in such
businesses as mail-order publishing, family day care, and running a b&b. Others have begun
enterprises on kitchen tables that have expanded, especially during recessions.
6. Removing Mortgage Debt Quickly
Summary: Mortgage rates may be low (4-5%) but there is no guarantee they
will stay that low forever.. People forget that they once exceeded 15% in this country. Paying off
(or down) your mortgage is like GETTING a 5% or more return on your money, and once paid off, you
can never lose your home as long as you pay your property taxes. Building your own house without a
mortgage also makes sense, which the author has actually done. In some cases a reverse mortgage may
make sense if you are over 62 to avoid financial calamity.
7. Having Rentals for Predictable
Summary: Rental properties have always been a source of security during
hard times--people need to live SOMEWHERE, and cars are poor substitutes for houses. The challenge
is finding the “right” tenants, and the landlord/tenant relationship can be daunting at times. The
author has, however, successfully rented out houses, a small onsite “granny” apartment, rooms, and
a travel trailer lot in Mexico, and a condo in Canada. The apartment (whose rent is $700 plus a
month) was built for less than $10,000. He has found the formula for getting good renters.
8. Buying Distressed Real Estate Low, Selling
Summary: The foreclosure home market is booming, even before housing
prices have appeared to bottom out. Investors are picking up properties which have sold for three
to four times their values just a few months ago. They are also becoming savvy about county tax
auctions, where properties can actually be purchased for not just a few thousand dollars, but a few
HUNDRED, and/or investing in tax liens The potential for flipping these properties is huge, even
during the current real estate downturn.
9. Investing in Social Responsibility
Summary: The financial crisis has given impetus to the SRI (Socially
Responsible Investing) movement. Many people are disenchanted with traditional investments--and
disillusioned with . global economic system that seems to be an impending train wreck. SR investors
are seeking out funds that invest in "sustainable" enterprises--or at least companies that are
encouraging the production of green energy, safe foods, and toxin-free products in general. The
movement also includes community banks offering micro loans, and credit unions designed to support
grassroots entrepreneurial projects.
10. Taking Calculated Risks in the
Summary: One shouldn’t count out the stock market entirely, though there
is a temptation to do so by a few. When stock prices were falling precipitously the author began to
subscribe to savvy newsletters that suggested investments in “inverse ETF’s,” options and high
dividend yielding companies (dividends could sometimes compensate for weak earnings.) One thing is
for sure: passive investing may be going the way of the dodo bird, and mutual fund managers will be
under extreme duress to perform in future years.