RE: Financial Protect - How did you protect your finances?
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It helps a lot not to soend more than you earn.
People going broke after beeing rich did nit learn this mantra. Best example are sport stars who got loads if money during their active time but neber wirked with it and have a luxiry life style. It is hard to turn that back later in.
So if they did not create new channels for their miney to arive they go broke.
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You're right, and that's reason why we have to create more to maintain our level of financial life
Or spend less, when income is reducing.
I paid a big credit and now have more financial flexibility. I use part of it to reduce my work time and work less = reduce my salary. But since I reduced my liabilities before, it is not a problem.
That's good strategy, financial life is what we should handle properly.