Once your debts have been paid off with the exception of your house, you can start to build wealth by adding this same amount to your savings. This will grow your wealth and can be increased by compounding interest without any additional efforts. As in the previous example you would be able to put $750 in savings each month. At an APY of 4.75%, this would amount to close to $500 interest in the first year!
A proven path to keep more of your money, buying things you already buy!