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FIRE movement
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Game Code: 1900949
English
11
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NGPF
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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.
70%
20%
50%
10%
15
Save until you have ____ times your yearly expenses.
5
10
15
25
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
groceries
debt
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
$9,000
$36,000
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
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