Hooray! You are almost done with module ten! Next, we’ll test your knowledge on the Fire Lifestyle!
After completing these practice questions, you will move into the next module.
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Question 1 of 10
1. Question
What does FIRE stand for?
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Question 2 of 10
2. Question
Maximize ________ plus minimize _________ and ______________.
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Question 3 of 10
3. Question
You can combat inflation by having investments that offer a rate of return that is less than the current rate of inflation.
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Question 4 of 10
4. Question
Which variation of the FIRE lifestyle acts as a middle ground between cutting back on expenses and generating more income to cover expenses?
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Question 5 of 10
5. Question
What is the biggest enemy of savings?
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Question 6 of 10
6. Question
Higher rates of inflation cause:
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Question 7 of 10
7. Question
What type of investment is done through your employer?
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Question 8 of 10
8. Question
________ can be just as effective in increasing your cash flow as earning more money.
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Question 9 of 10
9. Question
The difference between Coast and Barista FIRE is that individuals using the Barista FIRE method typically already have enough money saved to reach financial independence at retirement, and only work part-time to make extra money.
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Question 10 of 10
10. Question
“________ _______” is income that can be generated with little to no effort after setting it up.
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