Steve Adcock and his wife Courtney worked information technology jobs for over a decade before changing their outlook on life and saving 70% of what they earned to retire to a life full of travel and adventure. He retired at 35 after working 14 years in corporate America.

Instead of spending eight to ten hours a day in an office, they spend it out hiking trails, boating lakes and visiting breweries.

Steve Adcock is an entrepreneur and writer. He loves fitness and Netflix originals. His main objective is to have fun.

After working for 14 years, Steve Adcock got tired of the grind and decided, with his wife, to save almost everything they earned and retire to a life of travel and adventure rather than office work. They had high salaries, so over a short period of time, the put a sizable amount of money together. In addition, they live a frugal lifestyle, which allowed them to save even more and retire so much earlier because their need for money is not too high.

They live in a house, off the grid in Arizona. They don’t pay electricity, water, etc. Maybe their only expenses are internet and property taxes.

Their net worth in the stock market is a little over one million dollars. This allows them to withdraw 4% of the money every year, for the rest of their lives without ever worrying about running out of money.

In order to face difficult times, like the COVID-19 pandemic, Steve accumulated three years’ worth of cash. This is a common strategy used by practitioners of the FIRE movement. This is the same strategy used by Fritz Gilbert, as described in our interview “The Retirement Manifesto.”

My own lesson

Pre-COVID-19 I was in the habit of holding a 3-4 month emergency fund. Now, COVID-19 has taught me the importance of a bigger cushion and I am accumulating up to one year emergency fund.

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