A unique twist on traditional baby journals, Munny Journey is both a keepsake and personal finance book. It contains pages to record money 'firsts', such as baby's first dollar, first savings account, first savings bond and even baby's state quarter. It explains the incredible power of compound interest over time through easy explanations of investments such as stocks, bonds and mutual funds. This is the perfect personal finance book for any new parent looking for easy steps to provide financial security for a child. Book contains clear envelopes for keepsakes, pull-out money growth chart, 'dream' pages for parents and grandparents, examples of compound interest and information on saving for a child's education.
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Editorial Reviews
Review
What happens when two financial planners get together to write a children's book? Munny Journey. On one level it's a keepsake book for recording those precious moments that come once in a lifetime. You know... A photo of baby's first coin bank. Baby's first coins. Baby's first dollar. Baby's first financial gifts. Baby's first bond. Baby's first stock. And the best of cherished memories... Mom and Dad record for posterity the levels of the Dow Industrial Average, NASDAQ and S&P 500 on their child's date of birth. Ahh, sweet memories. At this point you re probably thinking, 'This is absurd!' I did at first glance, but hold on a minute. On another level, this book is really about educating parents. It aims to push parents to plan for their baby s financial security. The thing is 96 pages with an audio CD too. Interspersed between the prompts for parents to record data are pages that explain stocks, bonds and so forth. Here are a couple catchy quotes from author Brad Dugdale from the following interview video clip from PBS KCTS in Seattle, Washington: 'This book is about taking action. This is a road map for financial security so parents can embrace these concepts, execute the concepts and then sit there and monitor the results.' A recurring theme is the notion of creating a $1 million nest egg for your kid: 'We want kids to have a fiscal fair start. So if you deposited $5000 [at birth] and then saved a little over $100 a month, you can accumulate $100,000 by age 21. If you save $1 a day and grow it at 9 percent interest for 65 years you can actually make any child a millionaire. So for about $30 a month you can make a child financially secure.' A lot of us don t have $5,000 to set aside at birth, but the message is still clear. Make a point of setting aside savings every month for each of your children and explore ways to earn the most from it. The author's What's My Number? page can be used to calculate how many times your money will grow when invested at an annual average interest rate until age 65. Of course, count on your kid spending that nest egg long before he's 65-years-old, but still, with time on your side you can build quite a start for your child. --Thingamababy
Both of my children have a Savings Account and a 529 in their names. I thought that we were doing enough....that is until I had the opportunity to review Munny Journey. Another thing that we can be doing is educating ourselves along with our children. The generous life expectancy of babies born today combined with the magic of compound interest can provide financial security for less than you might think. A dollar a day, saved and invested, over a person's lifetime, can grow to a million dollars by age 65. This full color, illustrated journal shows you have easy it is to start that journey, and how to stay on course. It contains keepsake pages and a pull out money 'growth chart' to record the financial memories of a child's first years. Also included is information on savings accounts, bonds, stocks, mutual funds, and saving for college. Financial security is the greatest gift you can give a child. This journal is a unique compilation of lasting memories and teachable moments that you can share with the child you love for years to come. Millions of people in the United States are in financial jeopardy. Were they afforded the opportunity as a child to learn the value of money? Were smart saving and spending habits instilled in them at an early age? Don't set your own child up for failure by never talking to them about money. Munny Journey makes it easy for you to start that dialogue. --Peanut Butter and Pickles Blog review
The Munny Journey is a wonderful gift for any newborn or infant. This new journal shows how you can give one of the greatest gifts of all - a financially secure future for your little one. Against a backdrop of economic uncertainty, rising home foreclosures, record gas prices and falling stocks one veteran financial advisor has some great news - it is possible to set your newborn up to be a millionaire for just a dollar a day. The Munny Journey is a keepsake journal for Baby's First Money. Modeled after a traditional baby book it contains pages to record money 'firsts', such as baby's first dollar, first savings account and first investment. The journal also serves as an educational tool - teaching your child about saving and investing and illustrating the magic of compound interest and how it can create wealth. We LOVE this journal and think it is a great 'investment' for your child's future. --Trendy Mommy
Both of my children have a Savings Account and a 529 in their names. I thought that we were doing enough....that is until I had the opportunity to review Munny Journey. Another thing that we can be doing is educating ourselves along with our children. The generous life expectancy of babies born today combined with the magic of compound interest can provide financial security for less than you might think. A dollar a day, saved and invested, over a person's lifetime, can grow to a million dollars by age 65. This full color, illustrated journal shows you have easy it is to start that journey, and how to stay on course. It contains keepsake pages and a pull out money 'growth chart' to record the financial memories of a child's first years. Also included is information on savings accounts, bonds, stocks, mutual funds, and saving for college. Financial security is the greatest gift you can give a child. This journal is a unique compilation of lasting memories and teachable moments that you can share with the child you love for years to come. Millions of people in the United States are in financial jeopardy. Were they afforded the opportunity as a child to learn the value of money? Were smart saving and spending habits instilled in them at an early age? Don't set your own child up for failure by never talking to them about money. Munny Journey makes it easy for you to start that dialogue. --Peanut Butter and Pickles Blog review
The Munny Journey is a wonderful gift for any newborn or infant. This new journal shows how you can give one of the greatest gifts of all - a financially secure future for your little one. Against a backdrop of economic uncertainty, rising home foreclosures, record gas prices and falling stocks one veteran financial advisor has some great news - it is possible to set your newborn up to be a millionaire for just a dollar a day. The Munny Journey is a keepsake journal for Baby's First Money. Modeled after a traditional baby book it contains pages to record money 'firsts', such as baby's first dollar, first savings account and first investment. The journal also serves as an educational tool - teaching your child about saving and investing and illustrating the magic of compound interest and how it can create wealth. We LOVE this journal and think it is a great 'investment' for your child's future. --Trendy Mommy
About the Author
Brad Dugdale is a veteran financial consultant with over 25 years experience. Brad is a financial literacy expert, speaker and author of two books. Brad's life was changed in his second year of college when realized that small sums of money invested over time can make a family financially secure. His goal is to change the way America thinks about money and stop the generational debt spiral that occurs when parents aren't able to pass on good financial skills to their kids. Brad has appeared on numerous television and radio programs and writes columns for websites, newspapers and magazines throughout the country. His first book Let's Save America, 9 Lessons to Financial Success was published in 2000 and in 2007 he produced a documentary on the credit card industry called U.R. Pre-approved. Brad believes that every child has the opportunity to become financially secure and talks to parents and kids about the magic of compound interest whenever he can. He believes that people should strive to be financially independent not to be rich but to have choice, opportunity and the ability to create a better world through giving. Brad has two sons and lives and works in Coeur d Alene, Idaho with his wife Shariae.
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