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FIRE movement

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