The easiest way to boost that savings rate is to not have to increase it at all. Upon residency graduation, most doctors are quite used to living on $50,000 per year.
One of the best ways to increase that savings rate is to use tax-deferred retirement accounts like 401(k)s, profit-sharing plans, and defined-benefit plans.
Many investing authors like to talk about “the latte factor“—which basically says if you’d just skip your $5 latte every day, you’d be rich. While every little bit helps, you’re likely to get a lot bigger bang for your buck by watching the big things.