How to Retire Early. Or Ever.
Interactive Video
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Business, Life Skills
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University
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Hard
Wayground Content
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main focus of the FIRE community?
Winning the lottery
Relying on a traditional pension plan
Investing in high-risk stocks
Achieving financial independence and early retirement
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the FIRE community, what is the 4% rule?
A method to invest 4% of your income in stocks
A rule to withdraw 4% of your savings annually for retirement
A strategy to save 4% of your salary each month
A guideline for spending 4% of your income on leisure
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What study supports the 4% rule used by the FIRE community?
The Harvard Study
The Oxford Study
The Trinity Study
The Yale Study
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common mistake people make when planning for retirement?
Retiring too early
Saving too much money
Not planning for contingencies
Investing in low-risk bonds
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to know your monthly expenses when planning for retirement?
To understand how much you need to live on
To avoid creating a budget
To ensure you spend all your savings
To increase your spending habits
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