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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.”

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Book:Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS
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“Most people believe, “My lifestyle is about the same every month. Our savings are fixed. We make a salary, so what we earn is fixed. And lastly, what we spend is fixed.” But the truth is that no one reading this book has a robotic life filled with endless repeating loops where they get paid the exact same amount of money every single month for decades on end. We all have fluctuations in our income.”

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

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