Take advantage of taxadvantaged accounts from "summary" of I Will Teach You to Be Rich, Second Edition by Ramit Sethi
One of the most powerful ways to build wealth is by strategically using tax-advantaged accounts. These accounts offer significant tax benefits that can help you save more money over the long term. When you contribute to a tax-advantaged account, you are essentially putting money away for your future while also reducing your tax bill. This means that you get to keep more of your hard-earned money in your pocket instead of giving it to the government. There are several types of tax-advantaged accounts to choose from, including retirement accounts like 401(k)s and IRAs, as well as health savings accounts (HSAs) and 529 college savings plans. Each of these accounts has its own set of rule...
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