Save more than you spend, considerably so if you have the insight to realize your work is open to disruption/change. Perhaps proactively start going to night school to gain skills in an industry/sector that actually is growing and has demand.ghariton wrote:
So, what moral can we draw from all of this?
Take those savings and invest in and own assets; do not own depreciating liabilities that charade as assets (cars, toys, penny stocks, get rich quick schemes, etc).
Possess the fortitude and will to live like a pauper and look like someone with nothing while you build up your balance sheet with assets. This will be your safety net for when the bad times come (and they will).
The world is constantly changing, it doesn't care about you and your inability or unwillingness to change. Continuously reinvent yourself.