This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Two options: Do you freak out and lose your sh*t or stay calm?
Most people panic after losing an income stream, investments, savings, or a job because they don’t have a backup plan.
When you’re prepared for anything, you don’t panic; you stay calm because you know and understand that life happens, recessions happen, income losses happen, and investment losses happen.
This is life.
How to stay prepared and immune to losses:
Maintain a two-year emergency fund
Consistently live well below your means
Invest aggressively to consistently elevate your net worth
Stay on top of your finances and maintain an active eye over them
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This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.