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☆ 'Your personality will get you 10 times richer than your intelligence,' says self-made millionaire who retired at 35
▼ + stars: | 2024-04-23 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

"Coming out of college, I just kind of assumed I'd have to be the smartest person in the office. But in the real world, your emotional intelligence — sometimes called EQ — is every bit as essential, if not more so, he says. "Your personality will get you 10 times richer than your intelligence," Adcock says. Steve Adcock left his corporate job in 2016 at age 35, having saved about $900,000. It could be the person whose career you aspire to have or the colleague you enjoy working with the most.

Persons: Adcock, he's, Steve Adcock, That's what's, Vicki Salemi, Monster, Salemi Organizations: CNBC

☆ Self-made millionaire who retired at 35 shares his No. 1 money regret: I was doing the 'bare minimum'
▼ + stars: | 2024-04-19 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

The 42-year-old retired from his corporate job in 2016 with about $900,000, a total that market gains soon pushed over $1 million. 'At least I was doing that'Adcock recalls his early 20s as a time where he was doing the "bare minimum" financially. "Thanks to [advice from] my dad, I contributed enough to get the match in my 401(k) — that was literally free money." By contributing enough in his 401(k) to receive a full match, Adcock was theoretically earning a 100% return on his money. 'We wanted to achieve early retirement as quickly as possible'

Persons: You'd, Steve Adcock, he'd, Adcock, Roth, Adcock's Organizations: Roth IRA, IRA Locations: Arizona

☆ Financial security is about time, not money, says self-made millionaire who retired at 35
▼ + stars: | 2024-04-16 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

CNBC's International Your Money Financial Security Survey conducted by SurveyMonkey recently asked people all over the world exactly that, and the answers revealed of how people in different countries think about their finances. "Financial security is not an income amount," the 42-year-old tells CNBC Make It. "To me, financial security is a time amount." Adcock says the moment he felt financially secure came in 2016 at age 35, when he retired from his corporate job with about $900,000. "That was really the first time where I felt financially secure, meaning we don't have to work for the rest of our lives."

Persons: SurveyMonkey, Steve Adcock, Adcock, didn't Organizations: Financial Security, CNBC

☆ Elon Musk welcomes competition from humanoid robot rivals: 'Bring it on'
▼ + stars: | 2024-03-01 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +1 min

Elon Musk isn't fazed by a humanoid robot startup's newly announced collaboration with OpenAI. Musk is also making a humanoid robot, Optimus, through Tesla. "Bring it on," Musk posted in response to Figure AI cofounder Brett Adcock's Thursday announcement of a collaboration with OpenAI to develop AI-powered machines. The comment was a tacit acknowledgment that Figure and OpenAI are rivals to the Tesla CEO's own AI ambitions. Musk unveiled tech startup xAI last year, which debuted AI chatbot Grok last November.

Persons: Elon, OpenAI, —, they're, Musk, Brett Adcock's, Tesla, chatbot Grok Organizations: Tesla, Service, Business

☆ Sam Altman's OpenAI wants to get humanoid robots talking. Here's why.
▼ + stars: | 2024-02-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

OpenAI has partnered with Figure AI, a startup developing humanoid robots. OpenAI believes the agreement will open up new pathways for robots to "help in everyday life." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOpenAI is betting big on humanoid robots. The ChatGPT creator has signed a collaboration agreement with Figure AI to "develop next generation AI models" for the robots as it believes they can "help in everyday life."

Persons: OpenAI, —, Jeff Bezos, Brad Lightcap, Peter Welinder, OpenAI's, Brett Adcock, Adcock, OpenAI didn't Organizations: Service, Business, Microsoft, NVIDIA, Amazon, US Chamber of Commerce

☆ Microsoft and OpenAI are in talks to inject $500 million into humanoid robotics startup Figure AI, report says
▼ + stars: | 2024-01-31 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Microsoft and OpenAI could be investing in a humanoid robotics startup, Bloomberg reported. The companies might be putting up to $500 million in Figure AI, the report says. AdvertisementMicrosoft and OpenAI are said to be exploring options to invest up to $500 million in a humanoid robotics startup, Bloomberg reported. OpenAI has previously invested in another humanoid robot startup called 1X Technologies, per Bloomberg. Figure AI was founded in 2022 by CEO Brett Adcock, per an Axios report.

Persons: —, OpenAI, It's, Brett Adcock, He's, Jim Fan Organizations: Microsoft, Bloomberg, BMW, Service, Technologies, Boston Dynamics, Robotics, Nvidia, Business Locations: Tesla, LLMs

☆ Elon Musk's optimism about Optimus might be misplaced
▼ + stars: | 2024-01-25 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Elon Musk has been bigging up Tesla as a robotics powerhouse, highlighting its humanoid bot, Optimus, as a gleaming example of its sophisticated technology. It's possible, however, that Musk is being a tad over-optimistic in his humanoid robot ambitions, particularly regarding its delivery timeline. In true Musk fashion, he made some grand claims about Optimus in the investors' call. It's the most sophisticated humanoid robot that's been developed anywhere in the world." He said, "It should be impossible for any centralized control to upload malware to a humanoid robot."

Persons: Elon Musk, Tesla, there's, Optimus, Walter Isaacson, Musk, Tesla's, Brett Adcock Organizations: Service, Business, SpaceX, Optimus, German, BMW, Robotics, Amazon, Tesla Locations: Mars

“We’re trying to make robots that can operate in human spaces.”Do we even need humanoids? Seemingly farther along is Tesla's Austin, Texas-based neighbor Apptronik, which unveiled its Apollo humanoid in an August video demonstration. “That led to development of a new robot that was not really a humanoid, but had several characteristics of a humanoid,” he said via an emailed message. Walking is "not the hardest problem to solve in humanoid robotics," said Geordie Rose, co-founder and CEO of British Columbia, Canada-based startup Sanctuary AI. “Forever more, human- centric robots like that are going to be part of human life.

Persons: hasn’t, Jonathan Hurst, “ We’re, Hurst, There’s, Brett Adcock, Elon Musk, —, “, Marc Raibert, Raibert, ”, Geordie Rose, Rose, ” Rose, Tye Brady, Damion Shelton, ” Shelton, Haleluya Hadero Organizations: Agility Robotics, tote, Amazon, Agility, Boston Dynamics, carmaker Hyundai, Robotics Locations: Oregon, Sunnyvale , California, Austin , Texas, British Columbia, Canada, Seattle

☆ Self-made millionaire: This is the 'hardest part' about pursuing early retirement
▼ + stars: | 2023-07-31 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

These days, his net worth is north of $1 million, and he offers financial advice to would-be early retirees in his newsletter, Millionaire Habits. "There is no way you're going to improve your spending without knowing where your money is going to begin with," he says. They don't want to know how much they're spending," Adcock says. "Sometimes it's like, 'Holy s---, I'm spending $500 a month at Subway.'" One shorthand many early retirees rely on — their "FIRE number" — multiplies the annual income they hope to live on in retirement by 25.

Persons: Steve Adcock doesn't, Adcock, —, he'd, you've, It's Organizations: FIRE, ESPN, CNBC

☆ The 'difference between being frugal and cheap': 3 things an early retiree refuses to spend money on
▼ + stars: | 2023-07-28 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Here are three things Adcock refuses to spend money on. Lottery tickets and gamblingYou won't find Adcock daydreaming about the Mega Millions jackpot, because he won't be in the running. There are people who probably make money gambling, but I would never bet a dime," he says. Extended warrantiesAdcock won't allow himself to be upsold into an extended warranty — a common offer for household appliances and electronics sold at big box stores. "You can put a little money aside every month, and essentially you're building your own extended warranty," he says.

Persons: Steve Adcock, Courtney, Adcock, Adcock daydreaming, It's Organizations: Mega

☆ Jenny Craig will be revived for e-commerce by the owner of diet meal maker Nutrisystem
▼ + stars: | 2023-07-05 | by ( Sara Ruberg | ) www.cnbc.com time to read: +5 min

A Jenny Craig sign hangs on the wall outside of the weight loss store on April 28, 2023 in Miami, Florida. Adcock said all former Jenny Craig customers have been notified by email and in the brand's Facebook groups about the relaunch. After four decades in business, Jenny Craig, based in Carlsbad, California, filed for Chapter 7 bankruptcy in Delaware on May 5, court records show. He said prices at Jenny Craig would remain similar to what they were before its bankruptcy but declined to share more details. The complaint alleges that hundreds of former Jenny Craig staffers could be owed some restitution.

Persons: Jenny Craig, Jenny Craig's, Brandon Adcock, Adcock, Jenny Craig couldn't, provider's, Wellful, we'll, Nutrisystem, they'd, We've, Jack Raisner Organizations: Wellful Inc, Facebook, NBC News, Adaptive, Kainos Locations: Miami , Florida, Carlsbad , California, Delaware, Dallas, Wellful, U.S

☆ Jenny Craig is being revived online
▼ + stars: | 2023-07-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Weight loss brand Jenny Craig is getting a second lease on life. Jenny Craig went bust in May after more than 40 years in business because of growing competition from trendy diets and weight loss drugs like Ozempic. One major change is that Jenny Craig’s weight loss centers won’t be reopened, and the company will live entirely online. Jenny Craig was one of the pioneers of weight loss and diet programs. Named after its founder, the Jenny Craig business started when she couldn’t lose weight after giving birth to her second child.

Persons: Jenny Craig, Jenny, Brandon Adcock, Jenny Craig won’t, Jenny Craig’s Organizations: New, New York CNN Locations: New York

☆ Millionaire who retired at 35: These are the 3 'stupidest lies' I've heard about early retirement
▼ + stars: | 2023-05-27 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

In 2016, after years of climbing the corporate ladder, living frugally and investing the excess cash he saved, Adcock retired at age 35 with about $900,000. Since he retired, "I've heard some of the stupidest lies about early retirement from people who will never retire," Adcock wrote in a recent tweet. Here's why he says each of those three notions are myths, as long as you're strategic about your early retirement plans. "You need to know what you're retiring to, not just what you're retiring from," he says. Maybe it's true that you and your partner would get on each other's nerves if one or both of you retired early.

☆ Early retiree says reading these 8 books helped him save $1 million: ‘I wasn’t born into money'
▼ + stars: | 2023-03-14 | by ( Steve Adcock | ) www.cnbc.com time to read: +3 min

This book was originally published in 1996, but the basic money principles can still be applied today. For example, many experts recommend brewing your coffee at home to save money, but not Sethi. In fact, he teaches readers to uncover their "rich life" by spending lavishly on things they care about while cutting back on what doesn't matter. Money expert Morgan Housel explores the psychological side of finance in a clever and non-judgmental way. "Your Money or Your Life: 9 Steps to Transforming Your Relationship With Money and Achieving Financial Independence"

☆ Early retiree says breaking these 6 ‘society rules’ helped him save $1 million: 'I wasn't born rich'
▼ + stars: | 2023-02-01 | by ( Steve Adcock | ) www.cnbc.com time to read: +3 min

The self-made millionaire says he got rich by investing wisely, living a frugal life, and breaking society rules. At the time, I had $900,000 saved, and within a few years was able to accumulate a $1 million net worth. Here are six society rules I broke to become a millionaire at 38:1. Most people's passions are creative, and it can be more challenging to earn a high salary in a creative field. It could put you in a position for raises, promotions and other opportunities to make more money down the line.

☆ Self-made millionaire: These 3 traits separate highly successful people from everyone else at work
▼ + stars: | 2023-01-22 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

"I said yes to almost any opportunity that I got," says Steve Adcock, who retired early at 35. While people might measure and achieve success differently, there are some traits that set high achievers apart from others. The habits of successful people tend to be profoundly powerful, yet "incredibly simple," says Steve Adcock, a self-made millionaire who retired at 35. But to build wealth and be successful, you need to be willing to learn from your mistakes and understand your shortcomings. Improving your emotional intelligence can also help you navigate challenging situations calmly and rationally, and work with many different types of personalities more effectively.

☆ As debt ceiling deadline looms, here's what it could mean for Social Security and Medicare
▼ + stars: | 2023-01-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

That has advocates for Social Security and Medicare worried that lawmakers will try to amend those programs. Unlike a government shutdown, where Social Security and Medicare benefits continue to flow, that may not be the case with a default, according to Adcock. However, the Social Security Administration may delay payments to ensure it has enough cash on hand, he said. "Social Security I'm sure will get paid, interest on the debt will get paid," he said. Why some worry about Social Security benefit cuts

☆ Self-made millionaire who retired at 35: Do these 3 things in your 20s or 'you'll regret it later'
▼ + stars: | 2023-01-15 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Those years can go by quickly, but they can also be some of the most significant of your life. Steve Adcock leveraged his 20s to achieve his dream of retiring early and traveling across the U.S. with his wife, Courtney. In 2016, he and Courtney retired at 35 and 33, respectively, after accumulating about $870,000 working in information technology. Adcock credits much of his success to smart habits he adopted in his 20s. Here, Adcock shares the three habits all 20-somethings need to enjoy a long, prosperous life:

☆ 90% of your early success boils down to this skill, says millionaire: 'Most young people are terrible at it'
▼ + stars: | 2022-12-22 | by ( Steve Adcock | ) www.cnbc.com time to read: +3 min

Knowing how to develop a rapport with people is crucial in so many facets of your professional life, such as navigating relationships, problem-solving, getting clients, public speaking, and negotiating salaries and raises. Based on my experience, 90% of your early success boils down to your ability nail job interviews. I've seen people show up to interviews in a t-shirt and jeans while I was wearing a buttoned-down shirt. When job interviewers ask about your biggest weaknesses, what they're really measuring is your level of self-awareness and problem-solving skills. Never pass on the chance to ask questions at the end of an interview.

☆ As Election Day approaches, Democrats warn that Social Security and Medicare are at stake
▼ + stars: | 2022-11-02 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

He also pointed to impending risks to Social Security based on plans floated by certain Republican lawmakers, namely Sens. What's more, it would mean letting two of the most important laws that established Social Security and Medicare expire, he said. It is unclear what his opponent Kean's stance is on Social Security and Medicare. While that's in keeping with years past, the difference this year is Social Security has been more of a front-burner issue. "Usually, it's a lot of lip service to Social Security and how they think it's a great program."

☆ Archer Aviation plans to build 250 air taxis in 2025
▼ + stars: | 2022-10-24 | by ( Aishwarya Nair | ) www.reuters.com time to read: +2 min

Adam Goldstein (R) and Brett Adcock, co-founders and co-CEOs of flying taxi company Archer Aviation, pose for a picture as they rehearse for the unveiling of their all-electric aircraft from a facility in Hawthorne, California, U.S. June 8, 2021. REUTERS/Mike BlakeOct 24 (Reuters) - Archer Aviation Inc (ACHR.N) said it aims to make about 250 battery-electric air taxis in 2025 and scale up production in the following years, after setting a goal of getting its aircraft certified by the end of 2024. "In our first year, we will build 250 aircraft, our second year will build 500 aircraft, our third year will build 650 aircraft and then we scale it up to around 2,000 aircraft per year," CEO Adam Goldstein told Reuters in an interview. Archer aims to certify its pilot-plus-four-passenger aircraft, 'Midnight', by end-2024, though the U.S. Federal Aviation Administration (FAA) is still in the process of drawing up certification rules for these futuristic aircraft. Register now for FREE unlimited access to Reuters.com Register"In terms of aircraft production, we have estimated in our Archer model ~20 units in 2025," JPM analyst Bill Peterson said.

☆ Self-made millionaire who retired early: 'Do these 5 things now or you'll regret it later in life'
▼ + stars: | 2022-10-05 | by ( Steve Adcock | ) www.cnbc.com time to read: +4 min

Steve Adcock and his wife Courtney retired early in their 30s and now live a happy, simple life in Arizona. Zoom In Icon Arrows pointing outwards Illustration: Ash Lamb for CNBC Make ItIn my early 20s, I was so afraid of failure that instead of addressing what scared me, I hid behind my potential. Zoom In Icon Arrows pointing outwards Illustration: Ash Lamb for CNBC Make ItI had a habit of comparing myself with coworkers and people in the industry. Zoom In Icon Arrows pointing outwards Illustration: Ash Lamb for CNBC Make ItI used to go through life assuming that people were watching my every move. Zoom In Icon Arrows pointing outwards Illustration: Ash Lamb for CNBC Make It

☆ Beyond Meat’s Chief Supply Chain Officer to Leave Company
▼ + stars: | 2022-09-24 | by ( Jesse Newman | ) www.wsj.com time to read: 1 min

The executives were tasked with working to achieve cost savings as Beyond seeks to make some of its products match the price of traditional meat. Beyond Meat chief supply chain officer is stepping down at the end of the month, the company said, days after the plant-based meat company suspended a separate senior executive. Bernie Adcock notified Beyond on Tuesday that he would leave his position at the end of the month to “pursue another opportunity,” according to a Securities and Exchange Commission filing Friday.

☆ Beyond Meat eliminates supply chain chief role after exec steps down
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mike SegarSept 23 (Reuters) - Beyond Meat Inc (BYND.O) said on Friday it would eliminate the role of chief supply chain officer after Bernie Adcock notified he would step down from the role, effective Sept. 30. The plant-based meat producer said interim chief operating officer and senior vice president of manufacturing operations, Jonathan Nelson, will oversee the company's supply chain responsibilities once Adcock leaves. Beyond Meat added Adcock was leaving to take another opportunity. Earlier this week, Nelson was tasked with overseeing operations on an interim basis after operating chief Doug Ramsey was arrested for allegedly biting a man's nose. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Beyond Meat eliminates supply-chain chief role after executive steps down
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

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