227: ‘Rocketing' To FI at Age 35: What’s Life Like Post-Retirement?

BiggerPockets Money Podcast

What do you think of when you think about retirement? Are you on a tropical island drinking fruity cocktails out of a coconut? If you dream about that sort of retirement, Steve Adcock may have some revealing words for you. Retirement isn’t just about doing nothing all day, it’s about exploring your passions, and sometimes working more than you did before, to accomplish things that truly matter to you.

Steve decided to leave his high-stress IT job after 11 years of work. It was eating away at him every day, and it got to the point where just going into work became a grueling weight on his shoulders. He knew from a few years before potential retirement that he had a choice: lavishly live his life now or live frugally and have financial freedom forever. He chose the latter and doesn't regret it for one second.

Now, Steve and his rocket scientist wife spend their time taking care of their completely self-reliant housing compound in Arizona. He has a lot more to accomplish, but for now, he’s enjoying his off-grid lifestyle, complete with solar panels, his own water well, and a brand new septic tank.

In This Episode We Cover

Why it’s important to have a financial plan (even if you won’t retire early)

Working (lightly) in retirement so you can enjoy more freedom

Tracking your spending meticulously so you know where every cent goes

Taking care of your health and wealth when given free time

Spending in post-retirement, and how it differs from regular spending

Why early retirement WON’T make you happy

And So Much More!

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