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Follow on Google News | Real-world example shows groundbreaking investment plan sets children up for financial success!By: Munny Journey Darin Hayes Munny Journey darin@munnyjourney.com http://munnyjourney.com/ 208.660.3324 Real-world example shows groundbreaking investment plan sets children up for financial success! Coeur d’Alene, ID - The groundbreaking book “Munny Journey™” has been available for over five years but the concepts aren’t new. A friend and business partner of author Brad Dugdale, has been using the concepts outlined in the book to provide for the future financial security of his nine year old daughter. Darin Hayes works with Dugdale and when his daughter Teagan was born he took Dugdale’s advice, opened an investment account, and began consistent contributions amounting to $1 a day. Beginning with that first dollar, Hayes has now invested a little over $3,500 into a mutual fund that has a current market value of nearly $6,000. Dugdale’ Hayes says, “I invested in something called the Young Investor Fund because of the low minimum for initial investment and ongoing contributions. Hayes continues, “The fund also has a philosophy of educating kids about investing and personal finance.” Hayes says the account was started as an experiment to put the Munny Journey concept into practice. “We hope that this fund allows Teagan the freedom and flexibility to pursue work based on her dreams and interests, not on potential financial rewards. This isn’t about becoming rich, it’s about financial security and creating savings habits at a young age. says Hayes. Using mutual funds as an educational tool can be incredibly beneficial for children. Research conducted by the University of Kansas (http://www.news.ku.edu/ The Young Investor Fund The Monetta Young Investor Fund NASDAQ- MYIFX has officially partnered with Munny Journey. The Monetta Young Investor Fund is a no-load mutual fund that invests half of its portfolio in Exchange Traded Funds (ETF’s) that track the S&P 500 Index combined with investments in large-cap growth companies that are recognized by most investors. The fund is designed to get kids involved in the investment process with an innovative portfolio structure, a financial literacy program and tuition discount credits that may be applied at over 225 colleges nationwide. The minimum initial investment is $100, with the establishment of a $25 monthly automatic investment plan. For more details on the plan, please visit the Monetta Young Investor Fund website (http://www.younginvestorfund.com). Book Synopsis Munny Journey is a Keepsake Journal for Baby’s First Money. Modeled after traditional baby journals it contains pages to record money “firsts”, such as baby’s first dollar, first savings account and first investment. It is also an educational tool, providing information on saving and investing and illustrating how the magic of compound interest can create wealth. It is possible to create a millionaire by age 65 for just one dollar a day starting at birth. The assumption used is that the money grows at an average annual return of 9%. This is less than the historical average annual return of the S & P 500, the most widely used benchmark for United States stock investing. The book has two primary themes. The first is the keepsake theme of the book with pages to record the financial dreams of parents, grandparents and others. Clear pockets are included to store baby’s first dollar and state quarter. There are pages dedicated to others first’s such as savings account, bond, stock investment and financial advisor. The second theme is what makes it truly a book more than just a keepsake journal. Organized into chapters such as stocks, bonds, mutual funds and college savings the keepsake pages are accompanied by easy to understand text about the different investments and concepts. The goal is to present the value of starting early in a new and unique way rather than with complicated terms and ideas often found in financial books. The book also shows different examples of compound interest over a lifetime and allows parents to track the balance of an account with a “Munny Mountain” chart and photo pages to be used as the child grows. The journal has inspirational quotes separating the chapters and is beautifully illustrated with original artwork by Krista Brand. Shelby Ronnestad served as creative director overseeing design and layout. Rich Ronnestad contributed text, charts and calculations. About the Author Brad Dugdale is a veteran financial consultant with over 25 years experience. He is the senior partner on a team that manages over $300 million in assets for clients throughout the United States. Brad is a financial literacy expert, speaker and author of two books. His latest book is titled “Munny Journey, a Keepsake Journal for Baby’s First Money.” The book is modeled after traditional baby journals and records money “firsts”, such as baby’s first dollar, first savings account and first investment. It is also an educational tool, providing information on saving and investing and how compound interest can create wealth. 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. He wants to change the way America thinks about money and stop the generational debt spirals that occur 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” End
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