Though Gen Z would have been too young, many remember Black Money in '87. The market crashed causing mass-panic and sell-offs. But the hardest earned lesson in the aftermath had nothing to do with avoiding investments; it was actually patience, since the market recovered fairly quickly. Hosts of Yahoo Finance's new show Living Not So Fabulously, David & John Auten-Schneider, got to hear a first-hand account of the harrowing day from Jane Sasseen, founding executive director of the McGraw Center for Business Journalism. Sasseen explained that had she not panic-sold half of her investments, she wouldn't have taken a loss because markets always go up and down. In reflecting on her experience, she said, "Finally at some point I realized, oh, this other half is doing well, maybe it's time to put the money back and I would have been much better off just to leave it and forget about it."

For full episodes of Living Not So Fabulously, watch on our website or listen on your favorite podcast platform.