Lesson 2 Quiz: Intro to FIRE

What does FIRE stand for? (2 correct answers)

• Financial Independence and Real Empowerment

• Financial Intelligence and Retire Easy

• Financial Independence and Retire Early

• Financial Intelligence and Rest Early

Why is financial freedom important?

• Gives you freedom and lets you live life without worrying about money

• I don’t know

• Money gives you happiness

• My hair is blue

It’s not a challenge, it’s a _____ ?

• Lifestyle

• Show

• Game

• Fight

What are we going to focus on in this course?

• Saving money

• investing money

• Saving, growing, and investing money

• How to make cheesecake

Which word is the odd one out?

• Attitude

• Patience

• Consistency

• Impatience

Who is FIRE for?

• Everyone!

• Not me

• My family and friends

• Ramya

Bonus Question: What are the two types of income?

• There is only one type

• Happy and Active income

• Passive and Active income

• Playful and Fun income

Bonus Question: Should you only have one type of income?

• Yes, two is too much

• No, you need both

• Yes, but you can have both if you want

• Yes, active income is better than passive income

Bonus Question: In the 50-30-20 rule, what does the 20 stand for?

• 20% of your income goes towards your wants

• 20% of your income goes to savings

• 20 dollars your income goes to savings

• 20% of your income goes towards your expenses

1. Did you like this lesson?

• Yep!

• Meh

• Sure, I guess

• You're amazing and I love you