Saving too little

If you save a little each month, you will end up with a little money at the end of the year.

In order to reach financial independence faster, we need to set aside a larger portion of our income. Many self help books advocate saving 10% of our paycheck each month, which I feel is way too low. Suppose your take home pay is $2000 and you save 10%. At the end of the year, you will end up with $2400. If you save 50%, you will end up with $12,000!