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3. The Savings Account

A reinforcing loop: growth that grows
Paying in0Interest60Savings1,000£Rmore savings, more interestPaying in£0 a year

You start with £1,000 in an account that pays 6% interest a year. Each year’s interest is added to the savings, and earns interest itself.

You can also pay money in. It all counts towards your goal.

Goal: Have £100,000 saved by year 40, paying in as little of your own money as you can.