Master the art of automating
Saving is easy if you don’t have to think about it. Automatically sending a chunk of cash to your savings every month means you are paying yourself first.
Max out your 401k
The more money you put in, the more your money will grow over time. While you have the budget for it, you should add all that you can!
| If You Contribute $18,000 to Your 401(k) at Age... | Here's What You'll Have by Age 65 (Assumes a 7% Average Annual Return) |
| 25 | $269,000 |
| 30 | $192,000 |
| 35 | $137,000 |
| 40 | $97,000 |
| 45 | $69,000 |
Raise your credit score
Loans are a part of life. Building and maintaining a good credit score can have a dramatic impact on your quality of life now and in the future when you're considering applying for a loan or even a credit card.
Read some good personal finance books
In all things, the more you know, the better off you are. Here are a couple personal finance books to consider:
- Unshakeable by Tony Robbins
- How to make your money last by Jane Bryant Quinn
- The Truth About Your Future: The Money Guide You Need Now, Later, and Much Later by Ric Edelman
