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Getting Started Early
Life is a lot like sports — its all about setting goals, making choices and following through to achieve the best outcome possible.
 Plan your finances NOW!
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Make a plan — Keep it simple and realistic
How Money Grows
To maximize the growth of your money over time, the two key factors are time and your rate of return. The following chart reviews what a $1,000 investment today will do over time at various rates of return.
You can see, for example, that at a 1 percent rate of return, your money would not even double in 40 years, but at a 6 percent rate of return, it would increase more than tenfold. At 8 percent, your money increases 24-fold. This chart illustrates how even a small increase in the rate of return can make a significant difference over the long term. So it's important to shop around for the best rate.
How a $1,000 investment today will grow over time.
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Return
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10 Years
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20 Years
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30 Years
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40 Years
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|
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1%
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$1,105
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$1,221
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$1,349
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$1,491
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2%
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$1,221
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$1,491
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$1,821
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$2,224
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3%
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$1,349
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$1,820
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$2,456
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$3,315
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4%
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$1,409
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$2,222
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$3,313
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$4,939
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5%
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$1,647
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$2,712
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$4,467
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$7,358
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6%
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$1,819
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$3,310
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$6,022
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$10,957
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7%
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$2,009
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$4,038
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$8,116
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$16,311
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8%
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$2,219
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$4,926
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$10,935
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$24,273
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9%
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$2,451
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$6,009
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$14,730
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$36,109
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10%
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$2,707
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$7,328
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$19,837
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$53,700
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