20 Rules for Surviving a Crisis

The fall of the ruble led to an explosion of advice of varying degrees of strangeness: buy an iPhone, stock up on wine, castrate a cat, invest in gold, sell an apartment. Doctor of Economics Yakov Mirkin formulated 20 rules of survival in crisis, explainable both by science and common sense.

There's no stock.

Anything that can generate income – any excess property.

Anyone who can, must also make money. No money, but there are benefits.

Most money comes from good ideas.

They survive by connecting with other people. It is easier for those who are friends, have an approach and understand the rules. I mean, extroverts.

Russian crises have been crawling out of land, gardens and gardens for centuries.

Don't speculate on small things. You'll lose against the pro anyway.

Investing for years, do not try to win a penny. You'll get caught in something.

Better to live than survive. The best investments are in yourself, in children and in parents. Skills and health. More skills – more income, more flexibility, more choice.

We are all products in the labor market, of worse or better quality. Even in a crisis, keep quality.

Invest not in the stock, but in what brings regular income.

Don't stand on one leg. I'd rather be six. Use different assets, different investments, different income. But it all has to be managed by one center.

Mobility, a passion for change, for something new: this is where the United States has grown rich.

Get rid of liquid, easily sellable assets, but don’t try to sell anything of value. In 1998, apartments fell in price 2-3 times. Stocks, 15 times. Objects of art in crisis may not be worth anything compared to their true value.

Doubt whether to buy assets (currency, things, stocks), do not buy. You don’t know whether to enter the market, don’t enter. Don’t invest more than 30-50% to share the risks. If you lose it, it's not so bad. If you win, the winnings are yours.

The shadow sector helps economies like Russia survive the crisis. Informal relationships. What's past the state. It's economic law.

Look ahead. Crises always come to an end. In the darkest times, it is right to come up with an arrangement in the future.

It's all chess. You take a bad position, you go down. Choosing the right one, with the right person, in the right place - tossing up. Predict, predict again, and so on a thousand times – try to count a few moves ahead.