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The Chinese Way to Wealth and Prosperity: 8 Timeless Strategies for Achieving Financial Success by Michael Justin Lee

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CHAPTER FIVEPLAY FINANCIAL DEFENSE

Although I believe every lesson in this book is an important one on the path to prosperity, the specific lesson contained in this chapter stands alone in its simplicity. There is little excuse for not benefiting from playing financial defense. Regrettably, far too frequently in the United States, this lesson seems to have been ignored completely.

If nothing else, the recent Great Recession revealed a terrible fault line in the American economy. Just as geographic fault lines cause untold damage to an affected area when an earthquake hits, a financial fault line causes tremendous damage to our financial well-being when the equivalent of an earthquake hits the economy. In our recent downturn, that was precisely ...

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