What is the FIRE movement?(1 point) Responses a failed music festival a failed music festival a trend to develop passive income sources to retire early a trend to develop passive income sources to retire early a retirement bank account a retirement bank account a government initiative to provide added benefits to retired citizens a government initiative to provide added benefits to retired citizens
The FIRE movement, which stands for Financial Independence, Retire Early, is a trend aimed at achieving early retirement by aggressively saving and investing money while also adopting a frugal lifestyle. It focuses on building passive income sources, such as investments and real estate, to cover living expenses instead of relying solely on a traditional job. The movement emphasizes financial independence and the freedom to pursue personal interests and hobbies without being tied to a full-time job. This movement is not related to a failed music festival or a government initiative.
