Are You Cut Out to Become a Rentier? Take the “FIRE” Test

Not everyone wants or can become a rentier. It is not a question of money, but above all a question of personality and knowledge. It is possible to start from scratch or almost. Over time, through savings and smart investments, capital swells. The source of income it generates then gives us access to financial independence.

Certain personality profiles are predestined to become rentiers, some even very early. Some others will be more inclined to simply anticipate their retirement by a few years. Others will go all the way in their career, or even beyond, but will enjoy a particularly prosperous retirement. Still others will tend to follow the path of Mr. and Mrs. Average: retire at the official age and receive average, mediocre, or even derisory social benefits in some cases. Among which do you think you are?

Evaluate your probability of becoming a rentier

The results depend on a number of traits and skills that you will discover once you have taken the test. By evaluating these criteria, you will be classified as a future retiree, pre-retiree or retiree, with corresponding subtypes for each of these categories, based on your personality and skills. You will also obtain an overall score ("FIRE Index") that tells you not only about the likelihood of achieving financial independence, but also about the speed at which you will achieve it.

Part of it comes from fate: your initial financial situation and your personality. You inherited these attributes and you can't change them. What you can do, however, is educate you about financial independence and take action today.

But before that, take the test to see where you stand. It consists of 48 questions that you must answer on a five-point scale. The test should take you about ten minutes. If the financial questions are too complicated for you, don't waste too much time, answer what seems logical to you (or "neutral" if nothing suits you). It's not an exam, the point is not to get everything right but rather to see where you stand.

1.By reducing my working time, the proportion of my net income (taxes and social security contributions) compared to gross income: increases <-> decreases
2.It is better to own bonds: in case of rising interest rates <-> in the event of a fall in interest rates
3.A less liquid asset is less volatile and more profitable than a security that is traded a lot. <-> A stock that is widely traded is less volatile and more profitable than a stock that is illiquid.
4.My room is always tidy <-> I drop my stuff off anywhere
5.I write to-do lists <-> I rely on my memory
6.I put my savings in a savings account <-> I invest in the stock market or in real estate
7.I'm looking to organize/arrange/fix things <-> I am looking to improve relationships
8.I work hard <-> I'm having a great time
9.I am not comfortable with emotions <-> I value emotions
10.I want respect from others <-> I seek to be loved by others
11.Government bonds generally tend to rise when stocks fall. <-> Government bonds generally tend to behave autonomously
12.The holidays make me tired <-> I'm excited about the holidays
13.I'm looking for the big picture <-> I prefer details
14.I get bored during solo time <-> I need some alone time
15.I am energetic <-> I am calm
16.I get upset easily <-> I am detached, insensitive
17.High-growth companies, such as those in the technology sector, tend to have the greatest earnings potential. <-> It's better to buy stocks in cushy companies that no one talks about.
18.I work better in a group <-> I work better alone
19.I am present oriented <-> I am future oriented
20.Government bonds are more volatile than stocks over the long term <-> Stocks are consistently more volatile than government bonds
21.I like to keep what might be useful <-> I like to throw away what seems useless to me.
22.I like to perform in front of others <-> I avoid speaking in public
23.I have difficulty speaking very loudly to make myself heard. <-> I can naturally speak very loudly to make myself heard.
24.Gold generally tends to rise when stocks fall <-> Gold generally tends to move on its own
25.I talk a lot <-> I listen a lot
26.The PER (price / earnings per share) is more effective for evaluating: a small company <-> a big company
27.When describing an event: I explain what happened <-> I explain its meaning
28.I like to know "who", "what" and "when" <-> I prefer to know "why"
29.I am generally skeptical <-> I am inclined to believe
30.I am my heart <-> I am my head
31.I like everything that is theoretical in nature. <-> I prefer to base myself on observed facts and experiences.
32.I do things right away <-> I procrastinate (put off until tomorrow)
33.ETFs are less risky than buying stocks directly <-> ETFs make stocks more expensive and have systemic risks
34.I like to improvise to adapt to the situation. <-> I prefer to plan and control the situation
35.I don't like last minute stress <-> I am motivated by urgent things
36.A stock can be cheap even if the dividend yield is low <-> A high dividend yield ensures that you buy a cheap stock
37.Stocks are the best long-term investment <-> Real estate offers better long-term prospects than stocks
38.A stock that has outperformed for a few years tends to underperform in subsequent years. <-> A stock that has outperformed for a few months tends to underperform in the following months.
39.I fit into a group <-> I stand out from a group
40.I favor form <-> I prioritize content
41.It is better to own growth stocks: in case of rising interest rates <-> in the event of a fall in interest rates
42.By buying branded items, I ensure their quality. <-> The higher price of branded items is primarily used to pay for marketing expenses.
43.I am chaotic <-> I am organized
44.I prefer multiple choice questions <-> I prefer questions to develop
45.I accept things as they are. <-> I am dissatisfied with the way things are
46.I prefer to stay at home <-> I prefer to go out in town
47.With equal volatility, real estate outperforms stocks <-> With equal volatility, stocks outperform real estate
48.I base my morality on justice <-> I base my morality on compassion

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