- When you aren’t starving, nothing is an absolute necessity.
- Never try to catch the bottom; there might be a garage below the -18th floor, and that money isn’t yours to earn.
- Avoid fixed asset investment; the holding costs for heavy assets are very high.
- Don’t start a business; a street stall is fine, but definitely don’t register a company.
- Don’t engage in virtual economies or virtual currencies.
- Keep some emergency funds. They shouldn’t all be in RMB.