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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: Retiring at 35 w/ Steve Adcock

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 17 March 2023

⏱️ 51 minutes

🧾️ Download transcript

Summary

Steve Adcock retired at age 35 and currently lives off the grid in the desert. Prior to retiring early and achieving financial independence, he worked 14 years in the information technology field. Learn all about early retirement and more. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:28 - How Steve retired at 35 after living a somewhat luxurious lifestyle in his 20’s. 22:01 - How much Steve and his wife had saved prior to making the leap to early retirement. 33:44 - The pros and the cons of early retirement. 41:36 - What Steve’s thoughts are on the follow your passion versus earn more money debate. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Morgan Housel’s book The Psychology of Money. Robert Kiyosaki’s book Rich Dad Poor Dad. Thomas Stanley and William Danko’s book The Millionaire Next Door. JL Collin’s book The Simple Path to Wealth. Related Episode: Listen to MI041: The Simple Path To Wealth w/ JL Collins, or watch the video. Related Episode: Listen to MI120: Bitcoin and Financial Independence w/ Jim Crider, or watch the video. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Steve: Twitter | Instagram  Connect with Clay: Twitter  HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.2

On today's show, we've started to reshare some older episodes that are my favorite

0:06.6

for a few reasons.

0:08.6

One, we get a bunch of new listeners each week, so the new listeners may not have heard

0:13.1

this episode before.

0:14.6

Two, even if you've been listening for a while, you may have missed this episode when it

0:19.2

originally came out.

0:22.5

Or three, even if you've heard it before, it can be a great episode to learn from again. If you've already heard this

0:27.2

episode or you're not interested in hearing it, feel free to just skip it. There's no harm in that,

0:31.7

and you can pick up with our new episodes next week. All right, guys, that's all I had for you

0:36.5

for this new intro. Everything going

0:38.9

forward is going to be from the original show. Hope you guys enjoy it. On today's episode,

0:46.9

I'm joined by Steve Adcock. Steve retired at age 35 and currently lives off the grid in the

0:53.2

desert. Prior to retiring early and achieving

0:55.9

financial independence, he worked 14 years in the information technology field. He's very knowledgeable

1:01.8

when it comes to financial independence and early retirement. During the episode, I chat with

1:07.0

Steve about how he retired at 35 after living a somewhat luxurious lifestyle in his 20s, the pros and cons of early retirement, the creative ways Steve and his wife limit their expenses by living off the grid, what Steve's thoughts are on the follow your passion versus earn more money debate, and much, much more. Without further delay, let's dive right in to today's episode with Steve Adcock.

1:32.2

You're listening to Millennial Investing by the Investors Podcast Network,

1:36.7

where your hosts, Robert Leonard and Clay Fink,

1:39.5

interview successful entrepreneurs, business leaders and investors

1:43.0

to help educate and inspire the millennial

1:45.8

generation.

...

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