35 minutes to riches

It's Money Magazine's 35th anniversary. In its honor, here are 47 smart ways to get on track to a rich life.

By Asa Fitch, Amanda Gengler, Josh Hyatt and Ismat Sarah Mangla

Benefits of contributing to a 401(k)
You get an immediate tax break, because contributions come out of your paycheck before taxes are withheld.
The possibility of a matching contribution from your employer - most commonly 50 cents on the dollar for the first 6% you save.
You get tax-deferred growth - meaning you don't pay taxes each year on capital gains, dividends, and other distributions.

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Add to your 401(k)

Time it takes: 3 minutes

You signed up for your plan right after you found the office vending machines. Now do more: Raise your contribution by a point. Save 10% of a $50,000 salary in your 401(k) and you'll have $1.4 million in 35 years, assuming 8% returns and 4% annual raises. Ramp that up to 11% and you'll earn around $140,000 more.

Call your plan or visit your 401(k)'s website. At 401(k)s administered by Fidelity, for example, raising your contribution takes all of three minutes.

Do it now: Get on track for retirement

Credit score Raise your credit score Triple the return on savings Stop junk mail Freeze your credit Cut your credit rate Upgrade to a better card Add to your 401(k) Asset Allocation Buy a forever portfolio Find promising funds Track returns Check salary Retirement plan Life insurance Tax bracket Escape late fees Write bounce-proof checks Auto insurance Double-check your taxes Keep more of your paycheck Tax break for day care Pay less for your cell Cut drug costs No more waiting rooms Burn calories Be like Buffett Save for college Automate your savings Get credit, even in a crunch Read your mortgage Save on your mortgage Create an insurance record Curb impulse buys Spend consciously Slash recurring charges Boost your mileage Find it cheaper online Demand a lower cable bill Save on drinking water 35-second solutions

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