A new reality web series from MSN.com called "Project Engage" is seeking cast members. It's sponsored by a "large financial institution." Its focus will be on helping a wide variety of investors improve their finances.
Plug Your Own Business on the Show
It's true, they're not not specifically seeking out people who invest for income. But you might learn something new and interesting, have fun, or want to plug your own business on the show (they're projecting an audience of "millions."
They intend to have investors who differ widely in their experience, "life stage" and amount of investible assets, but they all desire to take more control over their investment decisions. That's certainly a worthwhile goal.
Income Investing Puts You in Control Already
And it's one I believe that an income investor is more qualified to claim that than others. By selecting a wide, diversified portfolio of income-producing assets, you are claiming your right to receive regular cash payments from them for the rest of your life.
If you're already retired, you can use that money for living expenses. If you're still accumulating wealth, you can use it to buy new income-producing investments so you continue to earn more and more income from your investments.
No struggling over the decision to sell or not sell, to take capital gains now and then have to find a new "hot" stock to buy with what remains after you pay taxes, or risk letting your gains vanish in the next market correction or rise in interest rates.
It Could Be a Fun Experience
MSN.com will have a team of financial advisers, coaches and other specialists to help investors chosen for Project Engage. Maybe you can teach them again income investor. Maybe you'll learn a lot of other cool investing stuff.
Your financial coach will be Jen Smith, also known as “The Millionaire Mommy Next Door”. I checked out her blog, and it's got a lot of interesting content.
She's not a financial adviser, so she can't give personal advice regarding investments. She's started a number of successful businesses on very little capital, so she has a lot to say about that, which is good.
Did You Know Borrowing Too Much Makes You Fat Too?
She's also a member of the "get out of debt" club, advising you to keep your expenses low and don't buy what you don't need, especially if you don't have the money. Not only that, but she exposes the connection between being in debt and being overweight.
She offers a lot of down to earth advice she and her husband follow despite being millionaires. Her take on the Cash for Clunkers program: "I'm keeping my clunker." They've been renting for years, and won't buy a house until after 2012 when, she expects, the housing market will have dropped even more than it already has.
How Much You Invest is a Lot More Important Than Choosing Particular Investments, so Focus on Making More Money
I encourage everyone to spend a lot less time learning about investments and a lot more time making more money with which to invest.
Oh yes, you do have to be living in the Denver/Northern Colorado area, and you will receive a "stipend." That implies a small payment, so you'll be involved for the experience, the investing knowledge and the chance to plug your own business.
You can find out how to get involved on Ms. Smith's blog. If you read this too late, you can check out the show and see if they've included any income investors.
Author Information: You can accumulate a thick portfolio of income producing assets without appearing on a web reality series. Click here to get the information you need to effectively make money from your investments whether the markets go up or down. If you're ready to discover how join other income investors on their way to retiring with financial security, visit this page, enter your email address into the form and click on the Submit Button. Then go to your inbox and verify that. It's free for the taking. http://www.incomeinvesthome.com/.
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