Insider tips on living within your means -- and planning for the future.
You likely already know the standard advice about building wealth: Live below your means. Max out your retirement accounts. Pay off your debt. But in addition to those tried-and-true methods, there are other, less well-known ways that can help you grow your net worth faster. Here are four:
1. Use a Health Savings Account. These accounts, which are paired with high-deductible health insurance plans, offer a rare triple tax break — your contributions are deductible, your money grows tax-deferred and withdrawals for medical expenses are tax free. HSAs typically allow contributions to be invested in stocks and other investments for long-term growth, and any unused money can be rolled over year after year.
Read more: Four Surprising Ways to Build Wealth
Source: Money
