3 ways to be richer a year from now

[socialBuzz] 3 ways to be richer a year from now


1. Increase your 401(k) contribution.

This is probably the single easiest and most painless way to ensure that you’ll be richer a year from now.

You can increase your 401(k) contribution by 1%, 2%, 3% or whatever amount you feel comfortable with.

Since it will be payroll deducted, it will require no further action on your part. And since the contribution is tax-deductible, at least part of the amount will effectively be paid by the government. For example, a 3% contribution may have been net effect of a 2% reduction in your net pay, after accounting for the tax benefit.

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