MI336: The Playbook to Retiring Early w/ Steve Adcock
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这期播客节目邀请了《百万富翁习惯》一书的作者史蒂夫·阿德科克 (Steve Adcock)，他在35岁时就实现了财务自由并提前退休。阿德科克强烈倡导将财务自由 (FI) 作为一项普遍目标，他强调财务自由能赋予人们选择权和掌控自己生活的能力。他将财务自由 (FI) 与提前退休 (RE) 区分开来，指出虽然提前退休是个人选择，并非适合所有人，但每个人都应该追求财务自由。
阿德科克的财务自由之旅始于他对IT职业的早期幻灭，他感觉自己被困在“格子间”里。尽管到30岁时，他已陷入了物质消费的循环，拥有一系列奢侈品——凯迪拉克、科尔维特跑车和运动摩托车，但他意识到这些物质财富并未给他带来满足感。这一顿悟使他接触到“金钱胡子先生” (Mr. Money Mustache) 的作品，后者对他产生了关键性影响。
他和他的妻子（一位火箭科学家）采取了激进的储蓄策略。作为一对双收入、无子女 (DINK) 夫妇，他们存下了他100%的工资和她一半的工资。尽管他的妻子最初很喜欢她的工作，但阿德科克根深蒂固的不满促使他们寻找一个“更好的选择”。这个“更好的选择”涉及彻底的生活方式改变：卖掉几乎所有财产，住进一辆200平方英尺的Airstream房车里生活了三年。他们在美国各地广泛旅行，主要是在人口较少的西部地区，奉行极简主义生活方式。阿德科克坦率地分享说，这种密切的共同生活是对“一段关系的良好考验”，并强调了房车生活的实际挑战，例如维护问题和需要不断固定车内物品。
财务上，阿德科克退休时的净资产略高于80万美元，他的妻子一年后也退休了，使他们的总资产达到87万美元。他解释了“4%法则”（源自“三一研究”），该法则建议每年从净资产中安全提取4%。阿德科克是一位自主型、被动式投资者，青睐指数基金和ETF，而非主动管理或理财规划师。这种方法在新冠疫情的市场低迷期间表现出韧性，尽管他的投资组合曾缩水20万美元。他保持了长远的视角，没有恐慌性抛售，并强调试图择时入市鲜有成功。退休后的医疗保险方面，他们最初使用了医疗共享计划，后来转为《平价医疗法案》(ACA) 市场计划，这得益于ACA补贴是基于收入而非净资产的政策。
在房车里生活三年后，他们最终在亚利桑那州南部购买了一处七英亩的离网房产，并将车库改造成了专用办公空间。阿德科克强调，拥有“工作之外的使命感”至关重要，这可以避免提前退休者因缺乏参与而早逝的常见陷阱。他自己的使命感集中在写作、参与社交媒体以及保持积极简单的日常作息。
在他的书中，阿德科克分享了几个“百万富翁习惯”：
1. **抓住机会：** 广泛探索，发现自己喜欢和擅长的事物，然后深入钻研这些领域。
2. **要求加薪：** 不要被动等待；积极寻求市场价值，并愿意为了大幅加薪而跳槽。
3. **利用投资支柱：** 最大化对401k、Roth IRA和应税经纪账户的供款，主要通过指数基金进行。
4. **自动化储蓄：** 设置定期自动转账到投资账户，以确保持续增长。
他强烈推荐托马斯·斯坦利 (Dr. Thomas Stanley) 博士的《邻家的百万富翁》(The Millionaire Next Door)，该书揭示了大多数百万富翁都是白手起家，并且不显露外在的财富迹象。他还赞扬了摩根·豪泽尔 (Morgan Housel) 的《金钱心理学》(The Psychology of Money)，因为它关注财务决策的情感和心理层面，例如还清房贷所带来的内心平静，这种平静可能超越了纯粹从数学角度利用债务的论点。
阿德科克最后重申，财务自由是每个人的终极目标，因为它能提供宝贵的选择权和对自己生活的掌控力，无论个人是否选择提前退休。
The podcast episode features Steve Adcock, author of "Millionaire Habits," who achieved financial independence and retired early at 35. Adcock strongly advocates for Financial Independence (FI) as a universal goal, emphasizing that it provides options and control over one's life. He distinguishes FI from Retire Early (RE), stating that while RE is optional and not for everyone, FI should be pursued by every individual.
Adcock's personal journey to FI began with early disillusionment in his IT career, feeling trapped in a "cube farm." Despite having a "hedonic treadmill" of luxury items – a Cadillac, Corvette, and sport bike – by age 30, he realized material possessions weren't bringing him satisfaction. This epiphany led him to the work of Mr. Money Mustache, which became a pivotal influence.
He and his wife, a rocket scientist, adopted an aggressive savings strategy. As a dual-income, no-kids (DINK) couple, they saved 100% of his paycheck and half of hers. While his wife initially enjoyed her job, Adcock's profound dissatisfaction motivated them to seek a "better option." This "better option" involved a radical lifestyle change: selling nearly all their possessions and moving into a 200-square-foot Airstream RV for three years. They traveled extensively across the US, primarily the less populated West, embracing a minimalist lifestyle. Adcock candidly shares that this intense cohabitation was a "good test for a relationship," and highlights the practical challenges of RV living, such as maintenance issues and constantly securing belongings.
Financially, Adcock retired with just over $800,000 in net worth, and his wife followed a year later, bringing their total to $870,000. He explains the "4% rule" (derived from the Trinity Study), which suggests a safe withdrawal rate of 4% of one's net worth annually. Adcock is a self-directed, passive investor, favoring index funds and ETFs over active management or financial planners. This approach proved resilient during the COVID-19 market downturn, where his portfolio dropped $200,000. He maintained a long-term perspective, did not panic-sell, and emphasizes that attempting to time the market rarely succeeds. For health insurance post-employment, they initially used a health-sharing plan, then transitioned to an Affordable Care Act (ACA) marketplace plan, leveraging the fact that ACA subsidies are income-based, not net-worth-based.
After three years in the Airstream, they purchased a seven-acre off-grid property in Southern Arizona, converting the garage into a dedicated office space. Adcock underscores the critical importance of having a "purpose after the job" to avoid the common pitfall of early retirees experiencing early death due to lack of engagement. His own purpose is centered on writing, engaging on social media, and maintaining an active, simple daily routine.
From his book, Adcock shares several "Millionaire Habits":
1. **Say "yes" to opportunities:** Explore broadly to discover what you enjoy and excel at, then delve deeper into those areas.
2. **Ask for raises:** Don't passively wait; actively seek market value and be willing to change companies for significant salary bumps.
3. **Utilize investing pillars:** Maximize contributions to 401k, Roth IRA, and taxable brokerage accounts, primarily through index funds.
4. **Automate savings:** Set up regular, automatic transfers to investment accounts to ensure consistent growth.
He highly recommends "The Millionaire Next Door" by Dr. Thomas Stanley, which reveals that most millionaires are self-made and do not display outward signs of wealth. He also praises Morgan Housel's "The Psychology of Money" for its focus on the emotional and psychological aspects of financial decisions, such as the peace of mind gained from paying off a mortgage, which can outweigh purely mathematical arguments for leveraging debt.
Adcock concludes by reiterating that financial independence is the ultimate goal for everyone, as it provides invaluable options and control over one's life, regardless of whether one chooses to retire early.
摘要
In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with Steve Adcock to learn about how he quit his job at 35 after achieving financial independence to pursue a life of adventure. You’ll also learn about the primary habits of millionaires, what kind of investment strategy he recommends, how he handled a $200,000 drop in his portfolio during the pandemic, what his lifestyle is like now in “retirement”, and much more!
Steve Adcock runs Millionaire Habits, a resource dedicated to making you smarter about money. Every week, he publishes content designed to help you take full control over your life and achieve everything you’ve ever dreamed of.
Steve travelled 3 years in an Airstream and now lives off the grid in the Arizona desert. He’s been featured in publications like CNBC, Forbes, Business Insider, and MarketWatch.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
02:32 - What were some of the early money mistakes Steve made.
06:04 - What the impetus was for writing Millionaire Habits.
08:09 - What is the Trinity Study and why it’s important to understand the 4% rule.
11:50 - What kind of investment strategy Steve recommends.
14:19 - How the traditional indicators of success can become a trap.
17:31 - Why Steve and his wife decided to sell everything to live in an Airstream full-time.
23:19 - What it was like moving off-the-grid.
26:03 - How much Steve had saved before leaving his W-2 job.
35:19 - What the advantages to marrying later in life are and why picking the right partner is so important.
41:33 - How Steve handled a $200,000 drop in his portfolio during the pandemic.
45:10 - How Steve and his wife handle health insurance.
52:19 - What books influenced Steve in his own quest for financial independence.
55:58 - What Steve’s thoughts are on buying vs. renting.
58:03 - Why early retirement can be associated with an early death.
*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.
Check out: The Millionaire Next Door by Dr. Thomas Stanley.
Check out: The Psychology of Money by Morgan Housel.
Visit: Millionaires Habits by Steve Adcock.
Check out the books mentioned in the podcast here.
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