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What is one CON of the FIRE movement?
answers will vary
What is one PRO of the FIRE movement?
answers will vary
If Michael has $900,000 saved and wants to retire, how much can he safely withdraw each year?
 
$36,000
 
$18,000
 
$9,000
If your living expenses are $2,000 per month, how much would you need to save to retire?
 
$600,000
 
24,000
 
50,000
Which of the following is NOT a way to speed up FIRE?
 
have another child
 
make more money
 
reduce your living expenses
 
increase your rate of return on investments
What is Barista FIRE?
being able to work part-time
Before starting FIRE, make sure you pay off all your _____ first
 
debt
 
groceries
 
daycare bills
You should be able to safely withdraw _____ annually for the rest of your life.
 
4%
 
40%
 
14%
Save until you have ____ times your yearly expenses.
 
25
 
15
 
10
 
5
If you are pursuing FIRE, you should invest up to ___ % of your income.
 
70%
 
50%
 
20%
 
10%
What does F.I.R.E stand for?
Financial Independence Retire Early


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