7 Ways to Increase Your Savings Rate

As investors looking for financial success and even financial independence, there are really only two levers we can control.

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One is fees, & much has been made about the low-cost index fund approach to investing. The other is your savings rate. The more you put away, the less you depend on the market return to do the heavy lifting for you.

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Here are 7 Ways to Increase Your Savings Rate

The easiest way to boost that savings rate is to not have to increase it at all.

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Minimize Taxes by Maximizing Tax-Deferred Retirement Accounts

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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.

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For many physicians, one of the easiest ways to save more money is to simply work harder and make more money. You can keep the same spending habits and save more if you just make more.

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Minimize Fixed Expenses

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