We've all experienced what a market crash feels like recently. Just when many of those memories of 2008 were beginning to fade, here comes 2020 with a harsh reminder. Who knows what the rest of the year will bring as we still await the upcoming election, but we do know that there will eventually be another market crash. So, what lessons can we take away from previous drops and apply to our finances now to make sure we don't lose our shirts during the next crash?

Show notes & additional financial resources: http://makeretirementwork.com/405/ep-9-5-rules-to-survive-the-next-market-crash/

Today's show schedule:

1:59 – What history has shown us about the market.

3:48 – Something will come along to cause another downturn.

5:49 – Rule 1: Understand how much risk you're exposed to.

7:26 – Rule 2: Protect some of the gains as you go.

9:31 – Rule 3: Being sure that we're diversified appropriately.

12:57 – Rule 4: Don't try to time the market.

16:46 – Rule 5: Have a well-conceived plan in place so you don't panic.