Raise your investment contribution rate by 1% each December to capture compound interest over time. If you get a raise, use part of it to invest more. Most people skip this simple habit, but it compounds into serious wealth.
Increase your investment rate. This is so important and almost nobody does it. It doesn't matter if you're investing through a 401(k), an IRA, whatever. Make sure you take full advantage of compound interest by increasing your investment rate. As an example, I recommend every December you go into your investments and you increase them by 1% per year. So if you're putting in 5% towards your 401(k), next year make it 6% and so on. If you get a raise and you can bump your investment up even more, please do.
