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Christopher Manske Quotes

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Famous Christopher Manske Quotes

“Don’t increase your lifestyle until your passive income surpasses your active income. You’ll know you can and should buy that luxury item when the cost of keeping it is totally covered by your passive income. The things you own (such as dividend-paying stocks, oil partnerships, and real estate investment trusts) should pay for the things you enjoy and consume.”

Wealth Lifestyle Consumerism Financial Freedom Rat Race Financial Independence Budgeting Passive Income

Book:Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS

Source: Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS

“By keeping enough cash to cover at least one month of your typical spending, you’ve created enough liquidity to weather every crisis situation that has occurred so far in modern history.”

Crisis Preparation Prepare Budgeting Crisis Management Budget Crises Rainy Days Emergency Survival Kit

Book:The Prepared Investor: How to Prevent the Next Crisis from Affecting Your Financial Independence

Source: The Prepared Investor: How to Prevent the Next Crisis from Affecting Your Financial Independence

“Treat debt the same as a really sharp sword. Use debt sparingly for well-thought-out reasons. Maintain debt properly. Aim to retire your debts at a reasonable point in the future.”

Credit Debt Lifestyle Finance Loan Sword Budgeting Loans

Book:Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS

Source: Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS