FIRE movement | Baamboozle - Baamboozle | The Most Fun Classroom Games!

English 11 Public

NGPF

Study Slideshow

What does F.I.R.E stand for?

Financial Independence Retire Early

15

If you are pursuing FIRE, you should invest up to ___ % of your income.

50%

10%

20%

70%

15

Save until you have ____ times your yearly expenses.

15

5

25

10

15

You should be able to safely withdraw _____ annually for the rest of your life.

14%

4%

40%

15

Before starting FIRE, make sure you pay off all your _____ first

debt

groceries

daycare bills

15

What is Barista FIRE?

being able to work part-time

15

Which of the following is NOT a way to speed up FIRE?

reduce your living expenses

have another child

make more money

increase your rate of return on investments

15

If your living expenses are $2,000 per month, how much would you need to save to retire?

50,000

24,000

$600,000

15

If Michael has $900,000 saved and wants to retire, how much can he safely withdraw each year?

$18,000

$36,000

$9,000

15

What is one PRO of the FIRE movement?

answers will vary

15

What is one CON of the FIRE movement?

answers will vary

15