1. Get per­sonal.

South Florida Sun-Sentinel (Sunday) - - Success -

This month marks a decade since Lehman Broth­ers went bust and tax­pay­ers be­gan the long process of bail­ing out big banks. It’s a good time to re­view some of the big lessons learned from the fi­nan­cial cri­sis. Here are 10 to con­sider:

When mar­kets are in tur­moil and you are scared, your per­sonal sit­u­a­tion should guide your de­ci­sions. The first step is to fig­ure out where you stand and, more specif­i­cally, the sta­tus of your cash re­serves, con­sumer debt and cur­rent re­tire­ment con­tri­bu­tion level.

When we feel out of con­trol, the sim­ple tech­nique of iden­ti­fy­ing what is com­ing in and what is go­ing out can help de­velop short, in­ter­me­di­ate and long-term game plans.

2. De­velop a cash flow.

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