How to Survive a Stock Market Crash

Over the past few weeks, the stock market has been a literal rollercoaster with 10% down days, followed by 10% up days. It can be tempting to take extreme action and sell everything or dump all your money into the market. But is that really what you should do?

I'm going to show you the 7 things you should do to survive a stock market crash. If you want to come out of this better than before, stay tuned for the rest of this video.

Quick Jump Sections
0:52 - Tip 1: Control Your Emotions
3:07 - Tip 2: Don't Time The Market
4:04 - Tip 3: Build A Budget
5:12 - Tip 4: Cutback Where You Can
5:45 - Tip 5: Invest If You Can
7:57 - Tip 6: Guard Against Income Loss
9:01 - Tip 7: Detach & Learn

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PS: If you have an Amazon Alexa, I just launched a brand new daily flash briefing called 30 Second Money. It would mean the world to me if you checked it out in your Alexa app.

[mappedoutmoney]

Stay safe out there y'all!
Quick Jump Sections
0:52 - Tip 1: Control Your Emotions
3:07 - Tip 2: Don't Time The Market
4:04 - Tip 3: Build A Budget
5:12 - Tip 4: Cutback Where You Can
5:45 - Tip 5: Invest If You Can
7:57 - Tip 6: Guard Against Income Loss
9:01 - Tip 7: Detach & Learn

[sgist]

Love that there are Corona bottles in the background at the beginning, oh the irony... I'm investing small amounts weekly. Thank you for a calming perspective. Stay safe, love from the UK

[Shishycat]

Love Obstacle is the Way. This is a very good video. Thanks!

[bosswhispering]

The furry beast behind you inspires me to keep calm and snooze on.

[QuesttoFIRE]

Great advice. Always remain level-headed😌

[VictoriaBoler]

The beginning of this video. 😂😂😂 Hanna you played that so well.

[MaddFinds]

Thanks man, great advice. Stay safe yourself!

[karijames]

hi just wanted to say hi and hope you two stay safe.

[jillbuchanan]

“Put money in that you don’t need to take out for years and years and years”. Best advice ever. Keeps me from throwing everything plus the kitchen sink into the market with hopes it will triple by April. Thanks, Nick!

[efficiency_nerd]

Love Hannah filling a cart with Corona :D When I first heard about the Coronavirus I no joke thought it was something to do with being drunk haha.


Great video! I'm also continuing to invest regularly as I have been, but with one change. Normally I buy an ETF (up here in Canada) that is a single globally-diversified index fund that contains 80% stocks and 20% bonds. But for new investments, since the stock market is now on sale, I'm now buying a similar ETF that's 100% global stocks.

[nathanboler]

Great advice. So, all in TSLA and GRPN ?? Got it. 😅

[sammyvillarreal_youtube]

Lol... I'm in San Diego, CA - AND - my birthday's on April 5th. Coincidence? :)

[bjfan]

I am planning on investing the money I got back on my income taxes this year. I have not done any investing before (except for a small amount of stock the company I work for GAVE me and an Acorns account) and am a little nervous about it but at age 55 I kinda feel like it's now or never, lol.

[freya]

I am extremely worried that my husband is going to lose his job soon (I’m in the U.K. as you know). We have some little savings and that along with the job seekers allowance might help keeps us afloat HOWEVER I might need to talk to my creditors if that happens and make token payments for a while. This is very unnerving now that I was finally getting a grasp at my economy but if the situation arises where my husband is jobless we just won’t be able to put £500 monthly towards my debts... it appears that the government here is planning on some financial aids for renters and such during this crisis but I don’t want to depend of what they might or might not do. That being said keeping a roof over our head, feeding us and the cats will come before anything else. Thankfully being a nurse my job is pretty much secured. Keep yourself save nick.

[hmspain]

What, no mention of YNAB next to Mint? :-)

[TheDoomWizard]

We're headed into full blown depression, fed just slashed rates to near zero. I talk about the next crash on my channel check it out! Great preface to your video!