New Baby Journal Shows How to Recession Proof a Child and Grow a Millionaire for a Dollar a Day

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With the latest news of record births in the United States a veteran Financial Consultant shows how to create a lifetime of financial security and turn a newborn into a millionaire for only a dollar a day. A new book is both a keepsake journal and a financial education tool for parents. Titled "Munny Journey: a Keepsake Journal for Baby's First Money," it is the perfect baby shower gift for any new Mom and will help establish good money management skills to recession proof a child from the financial stress many families face today.

Munny Journey: Keepsake Journal for Baby's First Money

Obviously you can still get to a million dollars but now it takes more money every day, and that's something many American's seem to be lacking right now.

Against a backdrop of economic uncertainty, rising home foreclosures, record gas prices and falling stocks one veteran financial advisor has some good news - it's possible to turn a new baby into a millionaire for only a dollar a day.

Advisors often talk about the importance of starting early when it comes to saving and investing but Brad Dugdale, a financial consultant with 25 years experience has taken the concept to a whole new level. "Most people are surprised to learn that only one dollar a day can create a millionaire over a period of 65 years. It's all because of the miracle of compound interest and the extra time you get simply by starting at birth."

Dugdale points out that waiting just nine years to start a plan would cut the investment return in half. "Obviously you can still get to a million dollars but now it takes more money every day, and that's something many American's seem to be lacking right now. "

To illustrate the power of compound interest from birth and educate parents about money Dugdale has created "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 cash accounts, stocks, bonds and how compound interest can create wealth.

Dugdale says the reason many people struggle with credit card debt, mortgage payments, student loans and saving enough for retirement is because they simply don't understand how money works. If people don't follow simple rules, like maintaining an emergency cash account, the current economy can be financially devastating. He hopes the journal can change that and create a new generation of millionaires. "Every Mom wants her child to be financially secure," says Dugdale, "but many don't know just how easy it is to provide that."

For those who want to do the math Dugdale bases his dollar a day formula on an average annual return of 9%, below that of the historical average return of the S & P 500. And he says current market conditions make things even more attractive. "When you've got a 65 year investment goal and the market is hovering near bear territory then this could truly be the buying opportunity of a lifetime."

The keepsake journal is the perfect baby shower gift and is available online at Munny Journey

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Contact: Darin Hayes
208-660-3324
darin@munnyjourney.com

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