$ - Reduce Your 401k Contribution

Now I know some of you are gonna argue with me on this one. Stating that because of compounding interest you will never catch up. While that is true if you do it for 10 years, the goal is to be out of debt as soon as possible. So if you are currently contributing 5% and can barely pay your bills. Drop the 5% for 18 months then once out of debt, reinstate the 5% and anything else you can afford on top of that. Most of us will go from 5% to 18% and quickly you will be building wealth much faster than you would have if you kept going on the way you were.