Comment by jmathai

If you follow some basic rules, you don’t have to worry about economic fluctuations or crashes.

1) Save diligently.

2) Think in terms of 5 or 10 years.

3) Have sufficient cash accessible for emergencies.

4) Do not over leverage yourself such that a job loss or housing crash will immediately crush you.

5) Diversify your assets sufficiently. Don’t have all your money in your company’s stock.