Early Retiree Shares 13 ‘Stupid Simple' Money Rules That Helped Him Save $1 Million: ‘I Wasn't Born Rich'

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Early Retiree Shares 13 ‘Stupid Simple' Money Rules That Helped Him Save $1 Million: ‘I Wasn't Born Rich'
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Self-made millionaire Steve Adcock and his wife retired from their IT careers at age 35 and age 33. They didn’t inherit money or have a side hustle. Instead, he attributes their early retirement to these 13 money-saving habits, from ignoring common advice to ‘exploiting’ full-time job benefits.

While combining your hobby with a high-paying, marketable career is possible, it's less common than you think. Build a career around what you're good at.Throughout my career, I worked with many wealthy people. Instead of being jealous of them, I took notes.

I began making better money decisions and cut back on alcohol. At work, I put in overtime regularly, and I asked for raises and promotions — just like the high-performers did. It worked.I invested in my employer-sponsored 401 and got the company match of 4%, which was free money that my employer contributed on my behalf.

Just be careful not to switch companies too often. Try to stay in each role for at least a year, because some employers will not hire candidates who change jobs frequently. The hiring and onboarding process is expensive.I used automatic payroll deductions for my 401 and Roth IRAs. I also used automated bank transfers to contribute money to my brokerage account. This helped ensure I was saving money from every paycheck.

Healthy relationships depend on open communication with your partner, so you can align on goals and what makes you happy. I've never paid a single dollar in credit card interest, and I owe much of that to my dad. He taught me that credit card debt is unacceptable, even for a month. For many people, credit cards make it too easy to spend money they don't have. It's a habit that can quickly get out of control.

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