Take advantage of employersponsored retirement plans from "summary" of The Automatic Millionaire Workbook by David Bach
Employersponsored retirement plans are one of the best ways to build wealth for your future. These plans, such as 401(k)s or 403(b)s, allow you to save and invest a portion of your income before it is taxed, which can significantly increase your savings over time. When you contribute to an employersponsored retirement plan, you are essentially paying yourself first. By automatically deducting a percentage of your paycheck and putting it into your retirement account, you are prioritizing your future financial security. Additionally, many employers offer matching contributions to their retirement plans. This means that for every dollar you contribute, your employer will al...
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