Contribute 15% of your gross salary to retirement savings. This could be into an employer sponsored plan like a 401k or 403b, or through an Individual Retirement Account (IRA).
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Consider Funding Your Kid's College
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You do not need to worry about this step if you do not have kids, or if you have kids that are already in college.
So, do you have young kids that you want to save-up for their college tuition?
Pay Off the Mortgage Early
The simple idea is to pay extra on the mortgage until it is paid off & become mortgage-free as soon as possible. Housing is generally an individuals largest, recurring monthly expense. Once that expense is gone individuals are able to build wealth expeditiously.