Which is a form of passive income?

Question

Owing rental property
teaching golf
wages from a part-time job
trading stocks

Answer 1

Owning rental property is a form of passive income.

Answer 2

Which of the following do you not need to take into account when you retire?
your monthly expenses
the cost of living in your city or state
how much money you saved in your retirement fund
whether your money comes from active or passive income

Answer 3

Whether your money comes from active or passive income is not a factor that you necessarily need to take into account when you retire.

Answer 4

What is the FIRE movement?
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 5

The FIRE movement stands for Financial Independence, Retire Early. It is a trend or lifestyle movement that emphasizes developing multiple income streams and saving aggressively in order to achieve financial independence and retire at a young age, typically in the 30s or 40s. It focuses on maximizing savings, reducing expenses, and investing for long-term growth to achieve early retirement.

Answer 6

which percent of Americans chose to go back to work after retiring?
10%
20%
30%
40%

Answer 7

Approximately 40% of Americans choose to go back to work after retiring.

Answer 8

what is the average cost of living for a retiree per year?
around $50,000
around $60,000
around $70,000
around $80,000

Answer 9

The average cost of living for a retiree per year can vary significantly depending on various factors including location, lifestyle, and individual circumstances. However, a commonly cited estimate is around $50,000 per year. It's important to note that this is an average and individual circumstances may vary.