Also:
Stay debt free.
Keep 8 month to a year pay in cash.
Diversify the rest. Gold, silver, ammo, guns. (if it all goes REALLY bad, guns and ammo are worth more than gold)
I am 50, retired USAF, and in addition to the above I also have stocks, IRA’s and savings in case society manages to keep it together.
Best advice I can give anyone is to live well below your income level and have a plan, for everything.
Well worth repeating:
“Best advice I can give anyone is to ‘live well below your income level’ and ‘have a plan’, for everything”......
It doesn’t get any better for sound financial advice then that!