7 signs you're building wealth faster than you think - Business Insider

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You may be building wealth faster than you think

Below, seven signs you could be rich sooner than you realize.are two of your greatest allies in setting yourself up for a comfortable retirement.this year — or you're moving closer to that limit — you're accomplishing a few things.

You can also contribute up to $6,000, or $7,000 if you're over age 50, to an IRA in 2019. The tax savings are set up differently than a 401, but the fundamental strategy is the same: The more money you put in the market now, the more you stand to earn.If you've made thoughtful choices about where to invest the money you put into your 401, you're head and shoulders above the rest.

Checking on your asset allocation periodically to ensure it matches your overall risk tolerance is smart, but obsessing over the details could easily lead to emotion-fueled mistakes. Spending less than you make may be the golden money rule — but it's not theYes, it's important to cut your spending"mercilessly" on the things that don't add value to your life,

 

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