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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

☆ 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

☆ 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.

☆ 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.

☆ 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

☆ 'Company loyalty will make you poor': Early retiree credits his $1 million net worth to these 7 ‘unpopular opinions'
▼ + stars: | 2022-08-18 | by ( Steve Adcock | ) www.cnbc.com time to read: +4 min

The self-made millionaire says he got rich the "old-fashioned way"—by investing wisely, marrying the right person, and living a frugal life. At the time, I had $900,000 saved, and within a few years was able to accumulate a $1 million net worth. Here are seven unpopular opinions that helped me retire early as a millionaire:1. I chose to wait until I found someone who shared the same financial values — and it was one of the best life decisions I ever made. Today, I have a supportive spouse who just as enthusiastic as I am about investing and living a frugal lifestyle.

Persons: Steve Adcock Organizations: Employers, Ramsey Solutions, Ivy League

Define early retirementRetiring early doesn't have to mean never earning a paycheck again — unless you want it to. The first step on the path to early retirement is figuring out exactly what that phrase means to you. Depending on how much you spend, you'll generally aim for one of three categories of early retirement: FIRE, leanFIRE, and fatFIRE. Max out your retirement accountsThere's at least one common strategy present in nearly every story about financial independence and early retirement: early and frequent savings. You may find you hate the unstructured days of early retirement — would you go back to work?

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