Increase your 401k contribution with every raise [investment tips]

Social Security (play)

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My father has always taught and given me advice when it comes to investing and saving for your retirement. Everyone knows that us millennials will not be able to depend on the government's social security plan when we are ready to retire. We must take matters into our own hands.

First off, I'll always increase my 401k contribution to the point where I can max out what free money my employer will match me.

Second, every time I receive a raise, I'll always increase my contribution by a percentage point or two. This way, I'll never notice the increase being taken out of my paycheck. I'll have more money for the future without too much of a sacrifice now.

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