Home Library Explore SAT

Home Library Explore SAT

FinCap Friday: Playing with F.I.R.E. Flashcards | StudBud

Explore/FinCap Friday: Playing with F.I.R.E.

FinCap Friday: Playing with F.I.R.E.

5 terms·StudBud Administration·34,304 plays

A #personalfinance quiz to interest #students in #SavingForRetirement.

Flashcards5 cardsFPractice quizPHost liveL

Questions 5

Answers

1
At what age do you think you will retire?
Between 40 and 50
Over 60 years old
Between 51 and 60
Before 40
2
At what age did Canada's youngest retirees have enough money to stop working?
44
40
22
31
3
What is financial independence?
Having enough savings to provide you income even with no job
When you're the only person in your home that works
When you have some money saved up and also work part-time
Working at a job in order to meet your monthly budget
4
Which of these is NOT a popular strategy for those seeking to retire early?
Invest in the stock market in a low cost, diversified way
Buy the best house in the neighborhood. Real Estate is it!
Minimize your monthly expenses
Save as much of your salary as possible
5
What does "F.I.R.E." movement stand for?
Foreign Income Retirement Earnings
Financial Independence Retire Early
Financial Inequality Rescue Efforts
Free Interest Rate Entitlement