Question

What is the FIRE moment?

A failed music festival
A trend to develop passive income sources to retire early
A retirement bank account
A government initiative to provide added benefits to retired citizens

Answer 1

[AI-generated answer — Bot GPT 3.5]

The FIRE moment refers to the trend of developing passive income sources in order to retire early. FIRE stands for Financial Independence, Retire Early, and it has gained popularity in recent years. The FIRE moment typically signifies the realization and commitment to achieving financial independence at a young age, allowing individuals to retire and live off their investments and passive income streams.