In this Money Tips Podcast: Inflation has fallen from 11% to 2.2% yet the Bank of England base interest rate remained at 5%. Energy prices will rise by 10% in October – time to fix your deal. “Painful budget” could see higher capital gains (CGT) and inheritance (IHT) taxes, the end of the single persons council tax discount and a possible wealth tax. Section 24 landlord tax forcing landlords to rethink buy-to-let, but the is a solution. Protect your assets. Watch video version - https://youtu.be/Tq1P2UbYp4A Labour Hint Of Wealth Tax, Higher Inheritance and Capital Gains Taxes And “Painful” October Budget Concerns over potential tax hikes, as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax, are already causing an exodus of the rich. Watch full video version -  https://youtu.be/P0WTdbIAuks How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords? The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively. Watch video version - https://youtu.be/Wx1HXgVW1bM Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards #UKProperty #PropertyInvestment #RentToRent #JointVenture #NoMoneyDown #PropertySourcing #CharlesKellyMoneyTips #FinancialFreedom #PropertyDeals #bankofengland

As Labour warn of a “painful” budget and a “broken” economy, the wealthy are leaving the UK or making plans to relocate to lower tax countries. The Swiss bank, UBS, predicts it its latest Global Wealth Report that 500,000 millionaires will leave the UK by 2028, a 17% fall. Watch video version - https://youtu.be/P3AaRyeqZfA The FT said the UK will lose the most millionaires among the countries covered by UBS due to a combination of threatened ‘non-dom’ taxation, higher taxes and Russian sanctions, which has also seen billions flow out of the country. UBS’s report estimates that $83.5tn of wealth would be transferred within the next 20 to 25 years. This puts in doubt London's position as a haven for the global elite, currently a haven for the third highest number of dollar millionaires after the US and China. At the same time, low growth and high taxes and regulation is moving global investment to countries where the see more opportunity in Asia, North and South America and Africa, according to the media tycoon Sir Martin Sorrell. Taiwan has seen the highest growth of millionaires largely due to high tech growth businesses in the microchip sector.   Labour Hint Of Wealth Tax, Higher Inheritance and Capital Gains Taxes And “Painful” October Budget Concerns over potential tax hikes, as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax, are already causing an exodus of the rich. Watch full video version -  https://youtu.be/P0WTdbIAuks   How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords? The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively. Watch video version - https://youtu.be/Wx1HXgVW1bM Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards

Prime Minister Sir Kier Starmer presented the Renters Rights Bill to Parliament on Wednesday during PM Questions. Watch video version - https://youtu.be/iqXll_itlNA The Bill appears to be a rebrand of the Conservatives Renters Reform Bill which failed to become law before Rishi Sunak’s disastrous snap election. I would urge you to read to Bill or at least the ‘Guide’ published here: https://www.gov.uk/government/publications/guide-to-the-renters-rights-bill/82ffc7fb-64b0-4af5-a72e-c24701a5f12a Many landlords are retiring, considering their options or selling up after years of landlord bashing, red tape and higher taxes under Section 24. Less new landlords are entering the market in such great numbers due to higher mortgage rates, stricter lending criteria and lower yields on but-to-let properties as prices have risen much faster than rents.  The Renters' Rights Bill 2024 signals a major shift in the dynamics of the private rental market. While these changes aim to protect tenants and ensure fair practices, buy-to-let landlords will need to adapt to new regulations and potentially alter their investment strategies. Smaller landlords could be pushed out by corporates and hedge funds looking to build or buy thousands of properties for rental. Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards #rentersrightsbill #rentersreform  

Prime Minister Sir Kier Starmer and Chancellor Rachel Reeves say “thing will get worse”, and refuse to rule out a “painful” October Budget. Concerns over potential tax hikes, as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax, are already causing an exodus of the rich.   Watch full video version -  https://youtu.be/P0WTdbIAuks The prospect of higher taxes under a Labour government is causing unease among property owners and investors alike. Inheritance Tax is a particular area of concern, as Labour has suggested that the current threshold could be lowered, increasing the tax burden on estates. Currently, IHT is levied at 40% on estates worth over £325,000, but this could change, leading to more families being caught in the tax net. Capital Gains Tax is also on Labour’s radar, with proposals to align CGT rates more closely with income tax rates. This could see higher earners paying significantly more on profits from property sales, stocks, and other investments. Additionally, Labour’s discussions around a potential wealth tax are causing further anxiety. Such a tax would target the richest individuals, potentially impacting those with significant property holdings, investments, and savings. As the political landscape evolves, investors and property owners are advised to stay informed and consider their options carefully. Whether you're thinking of selling, buying, or holding onto your assets, understanding how these potential tax changes could affect you is crucial.   How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords? The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.   Watch video version - https://youtu.be/Wx1HXgVW1bM   Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s For more insights into how to navigate these uncertain times, keep an eye on market trends and consult with a financial advisor to plan effectively for the future. #PropertyMarket #TaxChanges #InheritanceTax #CapitalGainsTax #WealthTax #LabourParty #UKProperty #FinancialPlanning #equityrelease #section24tax #kierstarmer #finances #moneytraining

Prime Minister Kier Starmer says “thing will get worse”, warning of a “painful” October Budget. The UK property market is showing signs of resilience with a 14% increase in new property listings compared to last year. However, the optimism is being tempered by concerns over potential tax hikes as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax. The surge in property listings can be attributed to homeowners looking to capitalize on the current market conditions before any potential tax changes come into effect. With interest rates remaining relatively low and demand for housing still strong, many are taking the opportunity to sell. However, the prospect of higher taxes under a potential Labour government is causing unease among property owners and investors alike. Inheritance Tax is a particular area of concern, as Labour has suggested that the current threshold could be lowered, increasing the tax burden on estates. Currently, IHT is levied at 40% on estates worth over £325,000, but this could change, leading to more families being caught in the tax net. Capital Gains Tax is also on Labour’s radar, with proposals to align CGT rates more closely with income tax rates. This could see higher earners paying significantly more on profits from property sales, stocks, and other investments. Additionally, Labour’s discussions around a potential wealth tax are causing further anxiety. Such a tax would target the richest individuals, potentially impacting those with significant property holdings, investments, and savings. As the political landscape evolves, property owners are advised to stay informed and consider their options carefully. Whether you're thinking of selling, buying, or holding onto your assets, understanding how these potential tax changes could affect you is crucial. How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords? The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively. Watch video version - https://youtu.be/Wx1HXgVW1bM Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s For more insights into how to navigate these uncertain times, keep an eye on market trends and consult with a financial advisor to plan effectively for the future. #PropertyMarket #TaxChanges #InheritanceTax #CapitalGainsTax #WealthTax #LabourParty #UKProperty #FinancialPlanning #equityrelease #section24tax #kierstarmer #finances #moneytraining

Housing Market Bounces Back Following Interest Rate Cuts Rightmove Reports. New buyer enquiries rise according to Rightmove and Zoopla, as mortgage rates fall. Watch video podcast - https://youtu.be/HInDo9iT_7w How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords? The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively. Watch video version - https://youtu.be/Wx1HXgVW1bM Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s 3 Steps To Success Financial Freedom And Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 7.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage  #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards

In the UK, inheritance tax can take a significant portion of your estate, leaving less for your loved ones. However, with careful planning through wills and trusts, you can mitigate this burden. For more expert advice on managing your finances, subscribe to Charles Kelly Money Tips Podcast on YouTube or email [email protected] to meet a specialist adviser. Watch full YouTube interview: https://youtu.be/-SfqPiXPTbg Creating a properly drafted will ensures your assets are distributed according to your wishes, potentially avoiding intestacy rules that might increase your tax liability. Including trusts in your estate planning is a powerful tool to protect your wealth. Trusts can help reduce inheritance tax by transferring assets out of your estate, placing them in the hands of trusted individuals for your beneficiaries. Key strategies include the Nil-Rate Band Discretionary Trust, which allows you to pass on up to £325,000 tax-free, and gifting assets during your lifetime, which can also reduce the value of your estate if you survive for seven years after the gift. It's essential to review and update your will regularly to reflect changes in your circumstances and tax laws. Proper estate planning with wills and trusts not only safeguards your legacy but also ensures your loved ones benefit from the maximum inheritance with minimal tax impact. For more expert advice on managing your finances, subscribe to Charles Kelly Money Tips Podcast on YouTube or email [email protected] to meet a specialist adviser.  #InheritanceTax #WillsAndTrusts #EstatePlanning #TaxSavings #CharlesKellyMoneyTips #section24 #paylesstax #business #discretionarytrust #livingwill 

How to Protect Your Pension Fund from a Stock Market Crash Worried about the impact of a stock market crash on your pension fund? You're not alone. Market volatility can significantly affect your retirement savings, but there are strategies you can implement to safeguard your investments. Watch video https://youtu.be/e2iiYBYCUOw?si=enFe6LD0M8jt3hQG Diversify Your Portfolio: One of the best ways to protect your pension fund is through diversification. By spreading your investments across different asset classes—such as bonds, real estate, and cash—you reduce the risk of a market downturn affecting your entire portfolio. Diversification ensures that even if one asset class takes a hit, others may remain stable or even gain value. Regularly Rebalance Your Portfolio: Market conditions change over time, so it's crucial to regularly review and rebalance your portfolio. This involves adjusting your asset allocation to maintain your desired level of risk. Rebalancing helps you lock in gains from outperforming assets and reinvest them into underperforming ones, maintaining a balanced risk exposure. Consider Safe Haven Assets: Investing in safe haven assets like gold, government bonds, or cash equivalents can provide stability during market crashes. These assets tend to hold their value or even appreciate when stock markets decline, offering protection for your pension fund. Stay Informed and Seek Professional Advice: Keeping up with market trends and seeking advice from a financial advisor can help you make informed decisions. A professional can guide you on how to adjust your pension investments to minimize risks during turbulent times. Protect your retirement savings by taking proactive steps today! See also: Why Are UK Taxes So High? 10 Easy Tips To Drastically Reduce Your Tax Liability – Legally - https://youtu.be/PZ9IFiI2Tio How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords? The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively. Watch video version - https://youtu.be/Wx1HXgVW1bM A Lifetime of taxes Income tax, VAT, Council Tax, Car Tax, Insurance and Travel Tax, Green Energy Taxes, BBC Licence Tax, Stamp Duty, Capital Gains Tax, Section 24, Business Taxes and the final kicker; Inheritance Tax for your dependents! You can legally reduce and mitigate your taxes and inheritance tax for your dependents. Wills and Trusts New research from Canada Life reveals that over half of UK adults (51%)1 have not written a will, nor are they currently in the process of writing one. This includes 13% of people who state they have no intention to write a will in the future. Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24, Wills and Trusts. Watch video now: https://youtu.be/aMuGs_ek17s #UKTaxes #TaxTips #CharlesKellyMoneyTips #FinancialFreedom #LegalTaxReduction #section24 #stampduty #PensionFundProtection #StockMarketCrash #RetirementPlanning #FinancialSecurity #Diversification #SafeHavenAssets #InvestingWisely #MoneyTips #CharlesKellyMoneyTips #FinancialAdvice

Taxes in the UK can feel overwhelming, from income tax and National Insurance to VAT and council tax. There are a raft of business taxes, landlord tax hikes under Section 24, as well as taxes on your savings, Capital Gains Tax and Inheritance tax.  But why do we pay so much tax? The answer lies in funding public services like the NHS, education, and infrastructure. High taxes are designed to support the welfare state and maintain social programs. Watch video on YouTube - https://youtu.be/PZ9IFiI2Tio 10 Money Saving Tips However, there are legal ways to reduce your tax bill. Here are 10 money-saving tips from Charles Kelly Money Tips Podcast: Utilise Tax-Free Allowances: Make sure to use your personal allowance, savings allowance, and dividend allowance effectively. Invest in ISAs: Individual Savings Accounts (ISAs) offer tax-free interest, dividends, and capital gains. Contribute to a Pension: Pension contributions can reduce your taxable income. Claim Business Expenses: If you're self-employed, claim all allowable business expenses. Gift Aid Donations: Donations to charity through Gift Aid can reduce your tax bill. Marriage Allowance: Transfer part of your personal allowance to your spouse if they're a basic rate taxpayer. Make a Will and Plan for Inheritance Tax: Making a Will and planning ahead could substantially reduce taxes and stress for your dependents. Use Trusts: Protect your assets for you and your family using the laws of trusts. Avoid Section 24: Legally take steps to mitigate landlord taxes under Section 24. Take Professional Advice: Using professional advisers can save you money and even reclaim some overpaid taxes, such as Stamp Duty. By staying informed and using these strategies, you can legally minimize your tax liabilities and keep more of your hard-earned money. For more tips on managing your finances and reducing your tax bill, subscribe to Charles Kelly Money Tips Podcast on YouTube!  How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords? The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively. Watch video version - https://youtu.be/Wx1HXgVW1bM A Lifetime of taxes Income tax, VAT, Council Tax, Car Tax, Insurance and Travel Tax, Green Energy Taxes, BBC Licence Tax, Stamp Duty, Capital Gains Tax, Section 24, Business Taxes and the final kicker; Inheritance Tax for your dependents! You can legally reduce and mitigate your taxes and inheritance tax for your dependents. Wills and Trusts New research from Canada Life reveals that over half of UK adults (51%)1 have not written a will, nor are they currently in the process of writing one. This includes 13% of people who state they have no intention to write a will in the future. Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24, Wills and Trusts. Watch video now: https://youtu.be/aMuGs_ek17s #UKTaxes #TaxTips #CharlesKellyMoneyTips #FinancialFreedom #LegalTaxReduction #section24 #stampduty

After months of dithering, the Bank of England has finally cut the base rate to 5 per cent, the first time the central bank has voted to cut the base rate since 2020. On seven consecutive occasions the central bank voted to hold rates at 5.25 per cent between August 2023 and June 2024, despite falling inflation. There had been 14 consecutive base rate hikes since December 2021. The bank’s successive interest rate rises between December 2021 and August 2023 were bad news for borrowers but good news for savers. The average two-year fixed mortgage rate is now 5.78 per cent, according to Moneyfacts, and the average five-year fix is 5.39 per cent. Right now, the lowest five-year fix is 3.99 per cent and the lowest two-year fix is 4.42 per cent, but lenders have already started cutting rates, but beware for excessive arrangement fees.  Savers Rates Say goodbye to great savers deals, including Santander's 5.2 per cent special edition easy-access rate and NS&I's one-year bond paying 6.2 per cent, which launched in September 2023. One of the best one-year fixed-rate account on the market now pays 5.4 per cent, down from a high of 6.2 per cent in October 2023. Savers should note that 1,638 savings accounts still beat inflation which is now at the Bank of England's target of 2 per cent, according to the Mail Online. This means the value of your money is growing in real terms against inflation. NS&I revealed it will offer a new one-year Guaranteed Growth Bond paying 5.15 per cent or a Guaranteed Income Bond at 5.03 per cent. The offer is exclusive to existing 6.2 per cent bond holders and will be available when their current one matures, starting from the end of next month. A saver putting £10,000 in Union Bank of India's one-year fix will earn a guaranteed £554 interest over one year. It comes with full protection under the Financial Services Compensation Scheme up to £85,000 per person. Are Buy-to-Let property deals still worth it? How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords? The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively. Watch video version - https://youtu.be/Wx1HXgVW1bM A Lifetime of taxes Income tax, VAT, Council Tax, Car Tax, Insurance and Travel Tax, Green Energy Taxes, BBC Licence Tax, Stamp Duty, Capital Gains Tax, Section 24, Business Taxes and the final kicker; Inheritance Tax for your dependents! You can legally reduce and mitigate your taxes and inheritance tax for your dependents. Wills and Trusts New research from Canada Life reveals that over half of UK adults (51%)1 have not written a will, nor are they currently in the process of writing one. This includes 13% of people who state they have no intention to write a will in the future. Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24, Wills and Trusts. Watch video now: https://youtu.be/aMuGs_ek17s #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards #interestratecut #bankofengland #mortgagerates 

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively. Watch video version - https://youtu.be/Wx1HXgVW1bM Key Changes Proposed in the Renters' Rights Bill 2024 Enhanced Security for Tenants The bill aims to provide tenants with greater security by abolishing Section 21 “no-fault” evictions. This means landlords will no longer be able to evict tenants without a valid reason, making it more challenging to regain possession of their properties. Rent Controls One of the most contentious aspects of the bill is the introduction of rent controls. The government plans to cap rent increases, tying them to inflation or another measure. This change is intended to prevent excessive rent hikes but may limit the profitability for landlords. Mandatory Property Standards The bill also proposes stricter property standards, requiring landlords to ensure their properties meet higher quality benchmarks. This includes ensuring proper insulation, energy efficiency, and overall habitability. Non-compliance could result in hefty fines or penalties. Longer Tenancy Agreements Labour advocates for the standardization of longer tenancy agreements, such as three-year contracts, to provide tenants with more stability. While this benefits tenants, landlords may find it challenging to adapt to longer commitments. Impact on Buy-to-Let Landlords Financial Implications The introduction of rent controls could impact landlords’ rental income, especially in high-demand areas where they previously enjoyed significant annual increases. Landlords must re-evaluate their financial projections and strategies to maintain profitability. Increased Regulatory Compliance With stricter property standards, landlords will need to invest in property upgrades to meet the new requirements. This could involve substantial upfront costs but may also enhance property value and appeal in the long term. 3.Changes in Investment Strategies The bill may lead to a shift in investment strategies among buy-to-let landlords. Some might seek to diversify their portfolios or explore other property markets with less stringent regulations. Others might exit the rental market altogether if the perceived risks outweigh the benefits. Impact on Property Supply As landlords adjust to these changes, there could be a temporary reduction in the supply of rental properties. Some landlords might sell their properties, leading to a more competitive market for remaining rental units. In conclusion, the Labour Party’s Renters' Rights Bill 2024 is set to bring comprehensive reforms to the rental market. While these changes aim to protect tenants and ensure fair practices, buy-to-let landlords will need to adapt to new regulations and potentially alter their investment strategies. Staying informed and proactive will be key for landlords to navigate this evolving landscape successfully. Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards

Summer school holidays are here, and this is the perfect time to explore the UK with your family without breaking the bank.  Watch YouTube video: https://youtu.be/IWMz3-7LuT0 Here are 20 free activities to enjoy together: Visit the British Museum in London. Explore the Natural History Museum. Take a stroll in Hyde Park. Discover the wonders of the National Gallery. Enjoy a day out at the beach. Hike in the Lake District. Wander through Edinburgh’s Royal Botanic Garden. Explore the historic streets of York. Visit the Tate Modern in London. Have a picnic in Richmond Park. Explore the ruins of Fountains Abbey. Walk along Hadrian’s Wall. Discover street art in Bristol. Visit the Scottish National Gallery. Enjoy a day at the V&A Museum. Explore the beautiful Kew Gardens. Walk through the scenic Peak District. Visit Liverpool’s Walker Art Gallery. Explore the stunning landscapes of Snowdonia. Discover the history at the Imperial War Museum. Could you do more with your money and finances? Join my free webinar, "3 Steps to Money Management and Unlocking Financial Freedom," to learn how to get control of your money, invest wisely, and achieve financial freedom.  Join me online on Wednesday at 7:00 PM. Places are limited, so register now below to avoid disappointment. Register Here - https://bit.ly/3QPp8IH #FamilyFun #FreeActivities #UKSummer #MoneyManagement #FinancialFreedom #Investing #WealthCreation #Budgeting #FamilyAdventures

Are you curious about what the biggest risk in property investing is? It might surprise you to learn that the most significant risk isn't the market fluctuations or financial constraints; it's the lack of knowledge and education. Understanding this risk is crucial not only for property investing but for any investment, including stocks and shares. Why is Lack of Knowledge the Biggest Risk? Investing in property or any financial asset without adequate knowledge is like sailing without a compass. Lack of education can lead to poor decision-making, missed opportunities, and significant financial losses. )Check out video version: https://youtu.be/V0d4sknpGvQ?si=LX1txU5DLwapmDMn) Here’s why: Informed Decisions: Without proper knowledge, you may not understand market trends, property valuations, or legal requirements. This can result in buying overpriced properties or missing out on lucrative deals. Risk Management: Education helps you identify and mitigate risks. Whether it’s understanding property taxes, maintenance costs, or market cycles, being informed allows you to plan better and avoid costly mistakes. Maximizing Returns: Knowing how to leverage investments, understand financing options, and choose the right properties or stocks can significantly enhance your returns. Lack of education limits your ability to maximize these benefits. The Solution: Expert Guidance Having a coach to guide and teach you can transform your investment journey. A coach provides: Personalized Advice: Tailored strategies that suit your financial goals and risk tolerance. Experience and Insight: Learn from someone who has successfully navigated the investment landscape. Accountability and Support: Stay on track with your investment goals and receive continuous support. Join Our 6-Week Coaching Programme Our 6-week Legacy Wealth Coaching Program is designed to equip you with the knowledge and skills needed to excel in property investing and beyond. The program includes: Personal Zoom Sessions: One-on-one coaching to address your specific needs. Weekly Group Lessons: Covering crucial topics like investing for financial freedom, money management, tax-efficient savings, property investing, stock market insights, and leaving a legacy. Ongoing Support: Continuous accountability and email access to ensure you stay on track. Free Access to SMART MONEY COURSE: Lifetime access to my money course. Monthly Master Classes: Investing, stock market, property, Gold and Silver, mindset and much, much, more… Don't let lack of knowledge be the barrier to your financial success. Join our coaching program and start your journey towards financial freedom today! Click the link to find out more and request a callback! https://bit.ly/moneycourseform #PropertyInvesting #InvestmentRisks #FinancialEducation #WealthBuilding #MoneyManagement #LegacyWealth #CoachingProgram #InvestingTips #StockMarket #FinancialFreedom #MoneyTips #RealEstateInvesting #PersonalFinance

How Will the New Labour Government Transform the UK Housing Market? What will this mean for Landlords and Tenants? The election of a new Labour government, and Prime Minister Sir Kier Starmer, brings a wave of anticipation and uncertainty, particularly regarding the UK housing market and the buy-to-let property sector. As Labour's policies start to unfold, both landlords and tenants are keen to understand the potential impacts. Labour's Housing Policies Labour has long championed affordable housing and tenant rights. Their manifesto includes ambitious plans to build 1.5 million new homes over the current parliament, introduce rent controls, and increase ‘protections’ for tenants. This could significantly shift the landscape for both homeowners and the buy-to-let market. The Renters Reform Bill will be resurrected and will almost certainly include an end to Section 21 ‘no fault’ evictions and more ‘secure’ tenancies. Impact on the Housing Market Increased Housing Supply: Labour's pledge to build more homes aims to address the chronic housing shortage. This could stabilize or even reduce house prices, making it easier for first-time buyers to enter the market.    Affordability: By increasing housing supply, Labour hopes to make homes more affordable. This is particularly beneficial for young people and families currently priced out of the market. Effects on the Buy-to-Let Market Rent Controls: One of the most talked-about Labour policies is the introduction of rent controls. While this aims to protect tenants from excessive rent hikes, landlords might see a cap on their rental income, potentially reducing the profitability of buy-to-let investments.    Tenant Protections: Enhanced tenant protections could include longer tenancies and restrictions on eviction procedures. This provides tenants with greater security but might limit landlords' flexibility in managing their properties and will be a challenge to small landlords. Tax Changes: Labour has suggested revisiting tax reliefs available to landlords. Possible reductions in tax incentives could discourage new buy-to-let investments and prompt some landlords to sell their properties. What This Means for Landlords Landlords might face increased regulation and potentially lower returns on their investments. It is crucial for landlords to stay informed about new policies and consider strategies to adapt, such as focusing on property quality and location to attract long-term tenants. What This Means for Tenants Tenants are likely to benefit from increased protections and potentially lower rents. Labour's policies aim to create a fairer rental market, offering tenants more stability and affordability. Immigration The new Prime Minister has promised to deal with the “small boats” illegal immigration, as well the “processing” the huge backlog of asylum cases. He refused to say what he means by “processing” applications, but it will probably involve some kind of an amnesty or “legacy” scheme as implemented by the Blair government.  In practice, hundreds of thousands of migrants will be granted leave to remain whether or not the arrived in the UK legally. This means asylum seekers will be able to work and could see an end to temporary housing and hotel accommodation. Conclusion Prime Minister Sir Kier Starmer’s Labour government’s policies are set to bring significant changes to the UK housing market and the buy-to-let sector. While tenants stand to gain from greater protections and affordability, landlords may need to navigate tighter regulations and potentially lower profits. Staying informed and adaptable will be key for all parties involved. Understanding these potential changes is crucial for navigating the evolving landscape of the UK housing market. Stay tuned for more insights and expert advice on how to manage your property investments under the new Labour government.  Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s 3 Steps To Unlocking Financial Freedom! Could you do more with your money and finances? I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 7.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #finance #moneytraining #moneymanagement #wealth #money #UKHousingMarket #BuyToLet #LabourGovernment #PropertyInvesting #TenantRights #LandlordTips #HousingPolicy #AffordableHousing #RentControls #RealEstateInvesting #UKProperty #PrimeMinisterSirKierStarmer #section21 #section21nofaulteviction

Mortgage rates are coming down despite the Bank of England holding the base rate at a 15 year high at 5.25%. In this episode we discuss: Housing market and mortgage rates Section 24 Tax Trap for Landlords Money Management and Financial Freedom Gold and Silver Vs Cash Currency Watch full video at Charles Kelly Money Tips Podcast -  https://youtu.be/zgHqeA_hhUA Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s 3 Steps To Unlocking Financial Freedom! Could you do more with your money and finances? I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 7.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly 

Interview with Theodore (T.J.) van Gerven CFP, as Boston-based Certified Financial Planner and podcaster covering the subject of “How to maintain financial independence and create growth and income streams from investments”.  In this episode we discuss: ‘F.I.R.E’ for Millennials Money Talks But Wealth Whispers How to financially plan for retirement or a sabbatical How to effectively manage finances for newly married couples Planning for an IPO: how to make the most of equity compensation Watch full video at Charles Kelly Money Tips Podcast - https://youtu.be/VzpfEsAUwkw Theodore Joseph (T.J.) is the founder of Modern Wealth Builders, that aims to help maximize your resources and he is passionate about helping millennials to use money intentionally as a tool to build toward financial flexibility while accomplishing various goals on the path to independence. Website: https://modernwealthbuilders.com  YouTube: https://www.youtube.com/channel/UCxejrzu3vF5dc9V3tb9uOoQ Nectarine.com: https://hellonectarine.com/r/moneytips Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s 3 Steps To Unlocking Financial Freedom! Could you do more with your money and finances? I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 7.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #FIRE #financialindependenceretireearly 

The BRICS group, comprising Brazil, Russia, India, China, and South Africa, represents a formidable alliance in the global economic landscape. Formed in 2006, this coalition of emerging economies has steadily gained influence, shaping international trade and economic policies. Let's delve into the significance and impact of BRICS on the world stage. Join me online on my free live money management training – 3 Steps To Financial Freedom -  Wednesday at 7.00PM. Places are limited, so register now Click: https://bit.ly/3QPp8IH BRICS: An Overview BRICS stands for Brazil, Russia, India, China, and South Africa. These five countries together represent about 42% of the world's population, 23% of global GDP, and around 30% of the world's land area. The group's primary goal is to foster economic growth and development, facilitate trade, and promote peace and security among member states. Watch YouTube Video - https://youtu.be/772wkB3pfBw Economic Powerhouse The BRICS nations are some of the fastest-growing economies globally. China and India, in particular, have witnessed unprecedented economic growth, becoming major players in the global market. Russia and Brazil, rich in natural resources, add significant value to the group's economic stability. South Africa, as the gateway to Africa, enhances the group's reach and influence across the continent. Strategic Initiatives BRICS is known for its strategic initiatives aimed at enhancing economic cooperation. The New Development Bank (NDB), established in 2014, is one such initiative. The NDB provides funding for infrastructure and sustainable development projects in member countries, reducing dependency on Western financial institutions. Additionally, BRICS has initiated the Contingent Reserve Arrangement (CRA) to offer financial support to members during economic crises. Global Influence The BRICS alliance seeks to create a multipolar world, reducing the dominance of traditional Western powers in global affairs. Through collaborative efforts in technology, energy, and infrastructure, BRICS nations are positioning themselves as key influencers in international policymaking. Challenges and Future Prospects While BRICS has made significant strides, it faces challenges such as economic disparities among members, geopolitical tensions, and varying political ideologies. However, the group's commitment to mutual growth and development continues to drive its agenda forward. Stay tuned for more updates on BRICS and its evolving role in the global economy.  Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s 3 Steps To Unlocking Financial Freedom! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 7.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #LeaseholdReform #PropertyScam #Homeownership #UKHousingCrisis #FreeholderAbuse #LeaseholdScandal #moneymanagement #financialfreedom #section24tax #landlord #BRICS #GlobalEconomy #EmergingMarkets #EconomicGrowth #InternationalTrade #NewDevelopmentBank #SustainableDevelopment #Geopolitics #BRICSnations #WorldEconomy #EconomicCooperation #GlobalInfluence

Leasehold Property Owners MUST Watch This! Housing Market Update Leasehold Reform Act Passes into law. Join me online on my free live money management training Wednesday at 7.00PM. Places are limited, so register now Click: https://bit.ly/3QPp8IH The UK leasehold system has long been a contentious issue, and many argue it’s one of the biggest scams in history. The current system, which dates back to feudal times, sees homeowners purchasing property but not the land it stands on. Instead, they lease the land from a freeholder, often for 99 years or more.  Watch on my Money Tips YouTube channel video - https://youtu.be/i9WAY0qrt0U In theory, this feudal relic has reformed by the Leasehold Reform (Ground Rent) Act which was passed into law by Parliament and granted the ‘Royal Assent’ on 24 May 2024, just before it was closed for the forthcoming election. But many feel it has been watered down from its original aims. Read the Act in full - https://bills.parliament.uk/bills/3523/publications  Leasehold Reform Act Summary An Act to prohibit the grant or assignment of certain new long residential leases of houses, To amend the rights of tenants under long residential leases to acquire the freeholds of their houses, To extend the leases of their houses or flats, and  To collectively enfranchise or manage the buildings containing their flats,  To give such tenants the right to reduce the rent payable under their leases to a peppercorn,  To regulate the relationship between residential landlords and tenants,  To regulate residential estate management,  To regulate rent charges and to amend the Building Safety Act 2022 in connection with the remediation of building defects and the insolvency of persons who have repairing obligations relating to certain kinds of buildings. The new law will be good news for most leaseholders, especially those holding short leases. Summary of benefits to leaseholders known as tenants. New rights for leasehold tenants to acquire their freehold; under the new legislation it will be cheaper and easier for tenants to buy a share of their freehold Tenants will no longer have to pay their freeholder’s costs when making an enfranchisement claim. Selling new houses on a leasehold basis will be banned in England and Wales (save for in very specific circumstances) All new houses sold will be on a freehold basis. Standard lease extension terms will now increase to 990 years for both houses and flats (was previously 50 years for houses and 90 years for flats). The new legislation will mean that ‘marriage value’ will not be split with a freeholder.  Marriage value is the hypothetical profit resulting from the extension of a short lease (being one with less than 80 years remaining). However, deferment and capitalisation rates still need to be set (and will be prescribed when the Act is brought into force).  The deferment rate is the figure used to calculate how much compensation a tenant pays to their landlord when extending the term of their lease. It is a crucial element in calculating the premium an owner must pay to extend their lease (or to secure a share of the freehold) and ultimately any change in the rate could be more costly for those with more than 80 years left to run on their leases where they are seeking to extend. Tenants will no longer have to own a property for 2 years (as per the Leasehold Reform Act 1967) before extension of a lease can be applied for, meaning extensions can be obtained from completion of a purchase. Enfranchisement for semicommercial properties will change from 25% to 50%. It has not possible to enfranchise a building which had over 25% of commercial parts; the new Act will qualify more buildings permitting leaseholders a greater opportunity to purchase the freehold or access the Right to Manage.  Service charges and insurance Landlords will now have to demand Service charges in a standard form and provide more clarity. Tenants will have the right to challenge unreasonable charges. A new ban on commissions made on insurance by freeholders and/or managing agents and more transparency on fees for placing insurance. Management of buildings The legislation will require those freeholders who manage any buildings to belong to a redress scheme enabling leaseholders to challenge charges. Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s 3 Steps To Success Financial Freedom And Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 7.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #LeaseholdReform #PropertyScam #Homeownership #UKHousingCrisis #FreeholderAbuse #LeaseholdScandal #moneymanagement #financialfreedom #section24tax #landlord 

Learn how to 10X Your Business Value And Cash Out TAX FREE  With Marc Adams, author of:  Secrets To 10Xing Your Business: And Cashing Out Tax-Free -  https://amzn.eu/d/ckG1SGB Imagine reshaping the destiny of your business with strategies proven to not only multiply its worth but also to ensure a lucrative exit when the time is ripe. "Secrets to 10Xing Your Business and Cashing Out Tax-Free" is your guide through this transformative journey. This book doesn't just promise exponential growth; it hands you the roadmap to a destination that many entrepreneurs only dream of but never reach. Dive into the critical first steps with the Introduction: Laying the Groundwork for a 10X Exit.  Watch interview on YouTube video: https://youtu.be/M78MxnL-I6g?si=b2vtvavWPGYt1_3Q Visit Marc’s website: www.acquisitions4you.com  Email: [email protected] Ever wonder why you never seem to have enough money? We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   See also: Leasehold Scandal: The Biggest Property Scam in UK History? - https://youtu.be/b-wlBMTtmhg Renters and Leasehold Reform Bills Update - https://youtu.be/Lxs0wTR3ejQ 3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 7.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #LeaseholdReform #PropertyScam #Homeownership #UKHousingCrisis #FreeholderAbuse #LeaseholdScandal #moneymanagement #financialfreedom #business #marcadams

See also: Leasehold SCAM - https://youtu.be/b-wlBMTtmhg?si=K71E-JNDBsfi3UFM  References: - "Leasehold Reform (Ground Rent) Bill" – UK Parliament: [Link](https://services.parliament.uk/bills/2021-22/leaseholdreformgroundrent.html) –  The Guardian on Leasehold Abuses: [Link](https://www.theguardian.com/money/leasehold-scandal) - BBC News on  Leasehold Reforms: [Link](https://www.bbc.com/news/business-leasehold-reform)    Ever wonder why you never seem to have enough money? We are living in challenging economic times.  I want to show you how can you:  Not only survive, but thrive in a recession or depression?  Get control of your finances and spending?  Save and invest for your future?  Learn about money and finance?  To help you, I am running a free training webinar. 3 Steps To Success Money Management!  I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 7.00PM.  Places are limited, so register now below to avoid disappointment.  https://bit.ly/3QPp8IH #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #LeaseholdReform #PropertyScam #Homeownership #UKHousingCrisis #FreeholderAbuse #LeaseholdScandal

Why leaseholds are ripping you off! The UK leasehold system has long been a contentious issue, and many argue it’s one of the biggest scams in history. The current system, which dates back to feudal times, sees homeowners purchasing property but not the land it stands on. Instead, they lease the land from a freeholder, often for 99 years or more. This feudal relic is under scrutiny as the Leasehold Reform (Ground Rent) Bill moves through Parliament, aiming to address some of the system's inherent unfairness. Leasehold ownership can feel like a trap for many. Despite buying their homes, leaseholders must pay ground rent to freeholders, which can increase significantly over time. Additionally, they often face hefty fees for minor alterations, high service charges, and exorbitant costs to extend their lease. Failure to comply with these terms can lead to severe penalties, including forfeiture of the property. This situation creates a financial burden and an ongoing dependency on freeholders, making it hard for homeowners to feel truly secure in their properties. The Leasehold Reform Bill seeks to abolish ground rents for new residential leases, which is a step in the right direction. However, it does little to alleviate the burdens on existing leaseholders. The bill also does not address other controversial issues like high service charges or the complex and costly process of enfranchisement, where leaseholders attempt to buy the freehold of their property. Critics argue that the current system is outdated and exploitative, designed to benefit freeholders at the expense of leaseholders. The feudal origins of leaseholds, meant to maintain control and extract wealth from tenants, seem archaic in the 21st century. With more than four million leasehold properties in the UK, the impact is widespread, affecting millions of homeowners. Reform is crucial, not just to modernize property ownership but to ensure fairness and security for homeowners. The Leasehold Reform Bill is a start, but comprehensive change is needed. Abolishing leaseholds entirely or drastically reducing the power imbalance between freeholders and leaseholders would be a significant step toward justice for UK homeowners. As the debate continues in Parliament, the hope is for a future where owning a home means true ownership without the strings of an outdated feudal system. Unfortunately, it looks like the legislation will be watered down and leaseholds will continue to plague flat owners in the UK. Will a future Labour government change this like they tried, and failed, before? #LeaseholdReform #PropertyScam #Homeownership #UKHousingCrisis #FreeholderAbuse #LeaseholdScandal   **References:** - "Leasehold Reform (Ground Rent) Bill" – UK Parliament: [Link](https://services.parliament.uk/bills/2021-22/leaseholdreformgroundrent.html) - The Guardian on Leasehold Abuses: [Link](https://www.theguardian.com/money/leasehold-scandal) - BBC News on Leasehold Reforms: [Link](https://www.bbc.com/news/business-leasehold-reform)

We are told that we get what we deserve, but is that true? We get what we tolerate, accept and put up with.   People will put up with the most terrible situations in their lives including abusive relationships, bad jobs and low wages for years.  Have you noticed that there are people who seem to get treated better than others?  Have you heard the expression he or she is “nobody‘s fool”?  He or she just seems to demand respect and they get it! That doesn’t mean they are rude or arrogant. Then there are those unfortunate people who just soak it up!  They are the person that gets all the crap jobs, the family member that’s bossed around and bullied! And it goes through their whole life and never seems to change, unless they do. I’ve seen two elderly sisters where one of them is dominating the other to the extent that it’s almost an abusive relationship. What unwanted things have you been tolerating in your life for years? Relationships Abusive boss Abusive family member  Career or job you hate Money problems and lack Bad neighbourhood  Bad neighbours! Economy flights! Ha ha! Make your own list… You don’t have to put up with it for the rest of the life, and don’t have to be a martyr! Holding in that anger has been scientifically proven to cause physical health problems. You’re not going to get that promotion if you allow yourself to be the butt of everyone’s jokes.  There’s no point in running away or changing jobs, because there is always an asshole or bully in every company! Think of the bully as a teacher who has been sent to give you a lesson.   What are you going to do about it? Here are some suggestions: Decide! Refuse to tolerate less than you deserve.  Start slowly, pushing back. Be assertive and not aggressive. Take an assertiveness course if need be.  Work on yourself and upgrade your skills.  Write out your goals and expectations in your career, health, wealth and life.  Start making plans to achieve your goals.  Just get started! Do it! Start managing your money, time, health, energy, sleep, diet and life.  Make a decision today to expect the best in your life and rid yourself of all unwanted people and things that are not to your liking.  I regularly book business class flights or upgrade to business.  Why? More comfort  Better sleep and  I feel better in myself  Less recovery time wasted I enjoy rather than endure the flight.  I decided many years ago to work for myself rather than work for somebody else. I made that lifechanging decision to work on myself more than I was working on my job, so I started a journey of self-improvement and mentoring to improve my wealth and health.    Do you ever wonder why you never seem to have enough money? We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 7.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #finance #moneytraining #moneymanagement #wealth #money #marketing #property #investment #assertive #businessclassflight #freemoneytraining #moneytips #relationships #health

In the realm of pensions and retirement planning, the Small Self-Administered Scheme (SSAS) stands as a potent yet lesser-known tool. To uncover its hidden gems and understand its potential benefits, we delve into an enlightening interview with Brian Harvey, an expert in the field. Firstly, what exactly is a SSAS? In essence, it's a pension scheme tailored for limited company small businesses, allowing greater control and flexibility over investments compared to traditional pension arrangements. With a SSAS, business owners can take the reins of their retirement savings, making strategic investment decisions that align with their long-term financial goals. One of the key advantages of a SSAS is its tax efficiency. Contributions made into the scheme are typically tax-deductible for the business, reducing its taxable profits. Furthermore, investments within the SSAS grow tax-free, maximizing potential returns over time. These tax benefits can significantly bolster both personal and business finances in the long run. Moreover, the loan back provision within a SSAS adds another layer of versatility. This feature allows the scheme to lend funds to the sponsoring employer, providing a valuable source of financing for business endeavours. Whether it's funding expansion projects or addressing short-term cash flow needs, the loan back provision offers a lifeline for businesses looking to navigate financial challenges. Another compelling application of a SSAS lies in property investment. With the ability to purchase commercial property, the scheme opens doors to diversified investment portfolios. From owning business premises to generating rental income, property investments through a SSAS can yield substantial returns while providing stability and security for the future. In conclusion, the SSAS holds a treasure trove of benefits for savvy business owners and investors alike. From tax advantages to flexible investment strategies, its versatility knows no bounds. To unlock the full potential of a SSAS and chart a course towards financial prosperity, reach out to me or Brian at [email protected] for expert advice and a complimentary consultation.  #SSAS #PensionPlanning #TaxAdvantages #BusinessInvestments #PropertyInvestment #FinancialFreedom #RetirementPlanning

They say money doesn’t make you happy, but is that entirely true? Join me online on my free live money management training Wednesday at 7.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH If everything else was equal, would you rather: Be broke or rich? Live in a nice house or a dump? Drive a good car or an old banger? Get medical treatment now or in two years’ time? Travel first class or economy? Money is a tool that makes life easier for us to live a better life and provide for our needs and our families.  Do you want the best tools for the job? Of course! Check out my book: Yes, Money Can Buy You Happiness! Available on Amazon.  https://amzn.eu/d/a8LjMrj Ever wonder why you never seem to have enough money? We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 7.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #finance #moneytraining #moneymanagement #wealth #money #wealth #happiness

Join my Money Tips 365 Supporters Club on Spotify: -  https://podcasters.spotify.com/pod/show/charles-kelly/subscribe Leverage is a term used in business for borrowing money or using debt to buy assets.  Other people’s money (OPM) has been deployed for centuries to help governments and businesses to raise capital, which I’ve written about in my book, Borrow and Grow Rich.  There is a big difference between good debt, which helps you buy assets that produce income, capital growth, and create jobs and bad debt to consumer goods which go down in value.  Can you think of an example of where you have used good debt or leverage to buy an asset like a property?   Have you also used bad debt, such as a credit card, to buy something that you didn’t want to save up for? How much has that item cost you in interest? Lessons Use good debt, leverage and OPM to accelerate your wealth building process. Avoid credit cards and other bad debt and only use a credit card to pay for things that you can repay in full at the end of the month.  If you have credit card debts, start on a plan to clear the balance as soon as possible, rather than just paying the minimum amount each month.  Join my Money Tips 365 Supporters Club on Spotify: -  https://podcasters.spotify.com/pod/show/charles-kelly/subscribe Need help with your money? We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #property #mortgages #remortgage #firsttimebuyer #mortgagerates #homebuyers  #housepricefall #finance #moneytraining #moneymanagement #wealth #money #buytolet #rentalproperty  #leverage OPM

With energy bills, fuel and interest rates soaring, there’s never been a more critical time to make savings and learn how to manage our money to the best of our ability. I cover many more tips and money-making ideas in my programme, Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr. Please LIKE and SHARE – WATCH YOUTUBE VIDEO - https://youtu.be/taJgXOqp9O0 Here are some tips to help you save and accumulate more money. 1 Pay yourself and save first, spend what’s left 2 Avoid credit card debt interest 3 Track your income and expenditure ‘T’ for ‘track’ is included in my programme, Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  4 Start saving and investing Check out www.gov.uk/individual-savings-accounts for more information. Check for the best cash ISA rates at Moneyfacts. Shop around and be prepared to move your money to obtain the best rates.  5 Emergency or contingency funds 6 Loyalty doesn’t always pay - switch suppliers Check your latest utility statements and check out comparison sites, such as uswitch or moneysupermarket. 7 Reduce your car insurance 8 Review your mortgage ‘R’ for ‘review’ is part of my programme, Master Your Money the S.M.A.R.T Way training. Check it out - https://bit.ly/3isugCr. 9 Check your tax code to pay less to HMRC  10 Look for old bank accounts and pension policies  11 Check for any entitlements to benefits. 12 Reduce your grocery bill  13 Avoid wasting food  14 Explore local charities for help – there is an abundance of food given away by supermarkets 15 Check your workplace or private pension 16 Check your state pension and NI contributions level 17 Use loyalty cards, price match and vouchers and deal finders  Try hacks like VoucherCodes ‘DealFinder’ as a plug-in on Chrome to be alerted to the best deals while buying online. There are hundreds of money saving apps and discount offers, such as Sweatcoin and BetterPoints, where you can get paid to walk and exchange your steps for store discounts and freebies. 18 Cut energy bills  Check out the Energy Saving Trust for some great energy and money saving hacks.  19 Sell unwanted stuff on resale platforms You can turn unwanted clothes into cash using resale platforms such as Depop, Vinted and eBay. 20 Mindset – avoid emotional spending and blowing your salary on payday In my programmes and YouTube Money Tips Podcast videos I talk about money mindset. A recent survey by Nationwide’s Payday Saveday revealed that 1 in 5 people blow over half their spare monthly wages within 48 hours of payday!  21 Plan, organise and forecast The key is in planning and organising your expenditure, work, goals, relationships and life! As in the first tip, prioritise essential expenditure and your savings pot, before spending.  Finally, searching for the best deals, tracking and reviewing your finances and being mindful of spending money on things to don’t really need will not only help you get through the current crises but help you form lifelong habits that will enable to build wealth. For more ideas and tips, see out my new training to help you get control of your finances in 28 days! Click to join: https://bit.ly/3isugCr #freetraining #savemoney #moneysavingtips #mortgage #creditcarddebt #energybill #costofliving #goals #foodbank #getcontroloffinances #money

Inflation Down But Mortgage Rates Remain High For Homeowners Join my Money Tips 365 Supporters Club on Spotify: - https://podcasters.spotify.com/pod/show/charles-kelly/subscribe    #discipline #selfdiscipline #money #moneytips

Renters Reform Act could fail, but is this good news for landlords? Join my Money Tips 365 Supporters Club on Spotify: -  https://podcasters.spotify.com/pod/show/charles-kelly/subscribe Section 24 Tax Hike Solutions Revealed By Property Accountant Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s In this 45 minute interview we discuss: What is Section 24 and when did George Osbourne introduce this tax hike on landlords? 6 options available to landlords with buy-to-let properties in their own name What is classed as a property business and property partnership? Ramsay v HMRC (2013) case explained Incorporation Relief, Stamp Duty, CGT (Capital Gains tax) and much more… Over 29,000 people signed a petition calling on the government to reverse this unfair tax o landlords to no avail.   Find out what you can do in this video. Email [email protected] for a free consultation on how to deal with Section 24.   #buytoletlandlord #propertyinvestment #section24tax #georgeosborne #financialfreedom #FinancialEquality #FinancialIndependence #money #MoneyManagement #rentersreform #landlord #section24 #section21 #property

Smart Money Is Buying Assets, Such As Gold and Silver, Stocks and Property, not leaving their money in the bank.  Join me online on my free live money management training Wednesday at 8.00PM. Register now ⁠https://bit.ly/3QPp8IH⁠  In the ever-evolving landscape of investment opportunities, the age-old appeal of precious metals like gold and silver remains steadfast. Investors are often confronted with a myriad of choices, ranging from the digital allure of cryptocurrencies to the stability of stocks and the tangibility of real estate.  Watch video version - https://youtu.be/KYP1OGVhdMQ Before making any investment decisions, make sure you are financially educated ad informed, as well as taking independent financial advice.  Where to find me: Money Tips website: https://moneytipsdaily.com/ YouTube Channel: https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6Eg Money Tips Facebook Community: https://www.facebook.com/groups/No1businessopportunities LinkedIn: www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2 For a free gold, investment report, and Discovery Call, click here - https://pure-gold.co/charles-kelly Section 24 See also: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty ⁠https://youtu.be/mtGq7WaVxLA ⁠  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. ⁠https://bit.ly/3QPp8IH⁠ #money    #stockmarket #gold #silver #inflation #money #propertyprices #rent #generationrent #investing

Starting March 2024, each day I will be recording a short daily money tip - each day for 365 days. You’ll be able to find these tips, wherever you listen to your podcast, as well as my YouTube channel Charles Kelly money tips podcast.  Watch YouTube Version - https://youtu.be/6IpIptH76pc For those of you who want more in depth exclusive content, I will also be producing a more detailed money tip for my paid supporter subscribers on Spotify.  For just £4.99 per month you can access exclusive content for my Money Tips supporters - https://podcasters.spotify.com/pod/show/charles-kelly/subscribe   You couldn’t register to become a supporter on my Spotify channel, using the link in the notes.  Live within your means.  The fastest way to go broke is to spend money you don’t have, buying things you don’t need, to impress people you don’t like and who don’t give a damn about you!   Look, I get it! We live in a consumer led economy where big business and the government need us to spend money to grow the GDP. But that doesn’t mean you have to spend money you don’t have. When singer Rihanna almost went bankrupt, after earning millions and then spending it, she sued her financial advisor who responded: “Was it really necessary to tell her that if you spend money on things, you will end up with the things and not the money”.   Yes!   Are you converting your wealth or potential wealth for things? Do you want to be a millionaire or just spend a million? If you don’t live within your means and start saving, you’ll always be short of money or broke.     For more content, join my Money Tips 365 Supporters Club on Spotify: -  https://podcasters.spotify.com/pod/show/charles-kelly/subscribe

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email [email protected] for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s In this 45 minute interview we discuss: What is Section 24 and when did George Osbourne introduce this tax hike on landlords? 6 options available to landlords with properties in their own name What is classed as a property business and property partnership? Ramsay v HMRC (2013) case explained Incorporation Relief, Stamp Duty, CGT (Capital Gains tax) and much more… Over 29,000 people signed a petition calling on the government to reverse this unfair tax o landlords to no avail.   Find out what you can do in this video. Email [email protected] for a free consultation on how to deal with Section 24. #buytoletlandlord #propertyinvestment #section24tax #georgeosborne #financialfreedom #FinancialEquality #FinancialIndependence #money #MoneyManagement #FinancialEducation #SecureYourFuture #TakeControl #FinancialWellBeing #BridgeTheDivide #EqualityInFinance #economy #recession #section24 #section21 #IncorporationRelief #SDLT #StampDuty #CGT #ramsayvHMRC 

The UK is officially in recession after negative growth of -0.3% in the last two quarters of 2023. The economy barely grew last year by 0.1% following inflation, cost of living crisis and high interest rates. Inflation remained at 4% this month prompting hopes of a cut in interest rates in March or April. The government borrowed £7.8 billion in December and the national debt stands at £2.7 trillion and 97% of GDP. UK house prices rose in January according to the Halifax, but ONS figures a small fall in England. Financial Education In my upcoming free live money training session this Wednesday at 8:00 PM, we'll delve into the factors contributing to the gender pension pay gap and explore actionable strategies to bridge this divide. By attending, you'll gain valuable insights into: Understanding the root causes of the gender pension pay gap. Navigating career breaks and their impact on retirement savings. Investing smartly to maximize your pension fund growth. Overcoming financial challenges unique to women. Empowering yourself to achieve financial freedom and security. But that's not all! When you register for the session, you'll also gain access to my free newsletter, delivering regular updates and tips to help you stay informed and in control of your finances. Seize this opportunity to take charge of your financial well-being. Don't let the gender pension pay gap dictate your future. Join me this Wednesday and embark on the path to financial empowerment! Register now to secure your spot: https://bit.ly/3QPp8IH⁠ Additionally, check out this informative video on managing your money effectively: https://youtu.be/XDkF9LSpQgk Together, let's strive towards closing the gender pension gap and creating a more equitable financial landscape for all. Join me online on my free live money training Wednesday at 8.00PM. Register now below to book your seat and get regular money updates through my free newsletter. ⁠https://bit.ly/3QPp8IH⁠  What can you do to manage your money and become financially free? Watch video - https://youtu.be/XDkF9LSpQgk Buy-to-Let Alternative To Pension Plans Buy-to-Let investors pension plans devasted by George Osborne’s Section 24 landlord tax hike. See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty t offset Sec 24. ⁠https://youtu.be/mtGq7WaVxLA ⁠ Where to find me: Money Tips website: https://moneytipsdaily.com/ YouTube Channel: https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6Eg Money Tips Facebook Community: https://www.facebook.com/groups/No1businessopportunities LinkedIn: www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2 For a free gold, investment report, and Discovery Call, click here (https://pure-gold.co/charles-kelly) Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to book your seat and get regular money updates through my free newsletter. ⁠https://bit.ly/3QPp8IH⁠  #buytoletlandlord #propertyinvestment #section24tax #georgeosborne #financialfreedom #FinancialEquality #FinancialIndependence #ClosingTheGap  #money #MoneyManagement #FinancialEducation #SecureYourFuture #TakeControl #FinancialWellBeing #BridgeTheDivide #EqualityInFinance #economy #recession #section24 #section21

'Women falling behind men in pension savings due to gender pay gap and career breaks' say Legal and General. What can you do to manage your money and become financially free? Buy-to-Let investors pension plans devasted by George Osborne’s Section 24 landlord tax hike. See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty to offset Sec 24. ⁠https://youtu.be/mtGq7WaVxLA ⁠ Where to find me: Money Tips website: https://moneytipsdaily.com/ YouTube Channel: https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6Eg Money Tips Facebook Community: https://www.facebook.com/groups/No1businessopportunities LinkedIn: www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2 For a free gold, investment report, and Discovery Call, click here (https://pure-gold.co/charles-kelly)   Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to book your seat and get regular money updates through my free newsletter. ⁠https://bit.ly/3QPp8IH⁠  #buytoletlandlord #propertyinvestment #pensions #genderpaygap #womensavers #section24tax #georgeosborne #financialfreedom #retirementplanning

Investing is often perceived as a rational and analytical process driven solely by numbers and market trends. However, beneath the surface lies a complex web of emotions that can significantly influence investment decisions. Understanding the psychological aspect of investing is crucial for investors looking to navigate the markets successfully. In this article, we delve into why investing is often based on emotional decisions and how recognizing and managing these emotions can lead to better financial outcomes. Watch YouTube video version: https://youtu.be/cYE-eY4uulk   Emotional Investing: The Human Factor in Financial Decisions Fear and Greed: Contrarian investor, Warren Buffett, said: “be fearful when others are greedy and be greedy only when others are fearful”. Fear and greed are two potent emotions that can sway investment decisions. During market downturns, fear can lead investors to sell off assets hastily, fearing further losses. Conversely, in bull markets, greed can drive investors to make impulsive decisions, potentially buying into overvalued assets. Recognizing these emotions and learning to control their impact is key to making sound investment choices.   Aversion to Loss The fear of losses can be more powerful than the prospect of gains, a phenomenon known as loss aversion. Investors often go to great lengths to avoid losses, sometimes leading to conservative choices that may hinder long-term growth. Understanding this emotional bias can help investors strike a balance between risk and reward, making more informed and strategic investment decisions. Be self aware, Maybe you have lost in the past due to a poor or uninformed decision and this is making you overly cautious?   The Role of Cognitive Biases in Investment Anchoring Bias: Anchoring bias occurs when investors fixate on specific reference points, such as past prices or market highs. This fixation can lead to irrational decision-making, as investors may be reluctant to adjust their strategies based on new information. Overcoming anchoring bias involves staying adaptable and reassessing investment decisions in light of current market conditions.   Confirmation Bias: Confirmation bias is the tendency to seek out information that supports pre-existing beliefs while ignoring evidence to the contrary. Investors may fall into this trap by only considering data that aligns with their initial investment thesis. Actively seeking diverse opinions and regularly reassessing investment strategies can help mitigate the impact of confirmation bias.   The Importance of Emotional Intelligence in Investing Self-Awareness: Developing self-awareness is crucial for investors to recognize their emotional triggers and biases. By understanding their own risk tolerance and emotional responses, investors can make decisions aligned with their long-term financial goals rather than succumbing to short-term market fluctuations.   Patience and Discipline: Emotional investing often leads to impulsive actions. Cultivating patience and discipline is vital for investors to resist the urge to make snap decisions based on fear or greed. Establishing a well-thought-out investment plan and sticking to it can help investors weather market volatility with confidence.   Your Past Experience, Background and Upbringing. Americans spend more money on Lottery tickets than movies, video games, sporting events and books combined. Source: Morgan Housel, The Psychology of Money.  The lowest income households spent $412 a year on lottery tickets, four times the amount of people in higher income groups.  People buying the most lottery tickets are the same people who cannot come up with $412 in an emergency and are blowing their security on gambling with a ‘million to one’ shot of ever winning.  We can criticise the poorest in society for giving up security of having money in the bank for a one in a million chance of hitting the jackpot, but people make buying and investment decisions based on emotions and the current circumstances rather than logic. If you’re a lower paid worker who feels there is no prospect of ever earning much more having a piece of the good life then you could be forgiven for saying the lottery ticket as your only chance of having the finer things in life. But don’t think because you are Rich or middle class that you don’t also make investing decisions based on emotion, your upbringing on your past experience.  People who have lived through recessions, depressions, or extended market downturns, make very different investment decisions from people who have only seen the good times.  Just as people from well-off, financially, secure families make very different investment decisions than someone from a poor family. This is also true of most decisions we make in life, whether it’s making a large purchase or choosing a future spouse, it is rarely based on logic or a spreadsheet! Great salespeople know that people buy based on emotion, which is why they are at the top. On the other hand, average salespeople sell features of a product, which is why they are average.   When investing, you need to understand why people make seemingly irrational decisions, like selling at the bottom of the market, when it has crashed, or buying at the top of the market. Warren Buffett knows that it is important to be fearful when everyone else around him is brave and vice versa.    Navigating the Emotional Landscape of Investing In conclusion, investing is not a purely rational endeavour. Emotions play a significant role in shaping financial decisions, and understanding this dynamic is paramount for success in the markets. Investors who acknowledge the impact of emotions, recognize cognitive biases, and cultivate emotional intelligence are better positioned to make informed, strategic decisions that align with their financial objectives. By embracing the psychological aspect of investing, individuals can develop a more holistic approach to managing their portfolios. In a world where market dynamics are influenced by both quantitative factors and human emotions, the ability to strike a balance between reason and sentiment is the key to achieving long-term financial success. Gold and silver have a long-established reputation as effective hedges against inflation. When fiat currencies lose value due to inflationary pressures, the purchasing power of gold and silver tends to rise. This characteristic makes them particularly attractive to investors seeking to protect their wealth from the eroding effects of inflation. While the investment landscape continues to evolve with the emergence of new opportunities such as cryptocurrencies, the enduring appeal of gold and silver remains undeniable. These precious metals offer stability, tangibility, diversification, inherent value, and a time-tested hedge against inflation. Investors looking for a reliable and proven store of value should consider the enduring allure of gold and silver as foundational elements of a well-rounded investment portfolio. For a free gold, investment report, and Discovery Call, click here.  https://pure-gold.co/charles-kelly Where to find me: Money Tips website: https://moneytipsdaily.com/ YouTube Channel: https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6Eg Money Tips Facebook Community: https://www.facebook.com/groups/No1businessopportunities LinkedIn: www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2 See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty ⁠https://youtu.be/mtGq7WaVxLA ⁠ What’s in Store in 2024? Stock Markets, Property and Gold Watch full video on Money Tips Podcast YouTube Channel https://youtu.be/difmr0fp5-Q For a free gold, investment report, and Discovery Call, click here (https://pure-gold.co/charles-kelly) 7 Things To Make 2024 Your Best Year Ever - Watch video version at Charles Kelly Money Tips Podcast: https://youtu.be/8oZ30NHVAr8 Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. ⁠https://bit.ly/3QPp8IH⁠   #interestrates #inflation #oilprices #gold #silver #property #stockmarket #money #financialfreedom #inflation #section24 #Investing #EmotionalIntelligence #FinancialDecisions #CognitiveBiases #MarketPsychology #WealthManagement #warrenbuffett #harrydent #valueinvesting 

The Israel Gaza war could have far reaching consequences for western economies and your finances. Join me online on my free live money management training Wednesday at 8.00PM. Places are limited, register now below to avoid disappointment. ⁠https://bit.ly/3QPp8IH⁠ Watch video on Charles Kelly Money Tips Podcast - https://youtu.be/umoG7t3qGNE In the ever-evolving landscape of investment opportunities, the age-old appeal of precious metals like gold and silver remains steadfast. Investors are often confronted with a myriad of choices, ranging from the digital allure of cryptocurrencies to the stability of stocks and the tangibility of real estate. In this comparison, we explore why investing in gold and silver continues to be a compelling option compared to the alternatives. Watch YouTube video Part 1: https://youtu.be/woBQBtavLUM Historical Stability: Gold and silver have stood the test of time as reliable stores of value. Throughout history, these precious metals have retained their purchasing power, acting as a hedge against inflation and economic uncertainties. Unlike cryptocurrencies, which can be highly volatile, and stocks, which are subject to market fluctuations, gold and silver have maintained a reputation for stability.     2. Tangibility and Security: One of the key advantages of investing in physical gold and silver is the tangible nature of these assets. Unlike cryptocurrencies, which exist only in the digital realm, and stocks, which represent ownership but lack a physical presence, gold and silver can be held in hand. This tangibility not only provides a sense of security but also ensures that investors have a physical asset they can access irrespective of economic conditions.     3. Diversification: While stocks and real estate have their merits, they can be vulnerable to economic downturns. Gold and silver, on the other hand, often move inversely to other asset classes, providing an effective means of diversification. A well-diversified portfolio that includes precious metals can potentially mitigate risks and enhance overall stability.     4. Inherent Value: Gold and silver derive their value from their intrinsic properties rather than relying on the perceived value assigned by market sentiment, as is often the case with stocks and cryptocurrencies. The industrial uses of silver, for example, contribute to its value beyond its role as a precious metal. This intrinsic value can offer a certain level of reassurance to investors, especially during times of economic uncertainty.     5. Inflation Hedge: Gold and silver have a long-established reputation as effective hedges against inflation. When fiat currencies lose value due to inflationary pressures, the purchasing power of gold and silver tends to rise. This characteristic makes them particularly attractive to investors seeking to protect their wealth from the eroding effects of inflation. While the investment landscape continues to evolve with the emergence of new opportunities such as cryptocurrencies, the enduring appeal of gold and silver remains undeniable. These precious metals offer stability, tangibility, diversification, inherent value, and a time-tested hedge against inflation. Investors looking for a reliable and proven store of value should consider the enduring allure of gold and silver as foundational elements of a well-rounded investment portfolio. For a free gold, investment report, and Discovery Call, click here.  https://pure-gold.co/charles-kelly Where to find me: Money Tips website: https://moneytipsdaily.com/ YouTube Channel: https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6Eg Money Tips Facebook Community: https://www.facebook.com/groups/No1businessopportunities LinkedIn: www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2 See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty ⁠https://youtu.be/mtGq7WaVxLA ⁠ What’s in Store in 2024? Stock Markets, Property and Gold Watch full video on Money Tips Podcast YouTube Channel https://youtu.be/difmr0fp5-Q For a free gold, investment report, and Discovery Call, click here (https://pure-gold.co/charles-kelly) 7 Things To Make 2024 Your Best Year Ever - Watch video version at Charles Kelly Money Tips Podcast: https://youtu.be/8oZ30NHVAr8 Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. ⁠https://bit.ly/3QPp8IH⁠ #war #gaza #Israel #interestrates #inflation #oilprices #gold #silver #property #stockmarket #money #financialfreedom #inflation #section24

Why Invest in Gold and Silver Compared to Crypto, Stocks or Property – An in interview with Josh Saul, gold expert, discussing the merits of including precious metals in your portfolio. Click here https://pure-gold.co/charles-kelly for a free gold, investment report, and discovery call. In the ever-evolving landscape of investment opportunities, the age-old appeal of precious metals like gold and silver remains steadfast. Investors are often confronted with a myriad of choices, ranging from the digital allure of cryptocurrencies to the stability of stocks and the tangibility of real estate. In this comparison, we explore why investing in gold and silver continues to be a compelling option compared to the alternatives.Watch YouTube video: https://youtu.be/woBQBtavLUM Historical Stability:Gold and silver have stood the test of time as reliable stores of value. Throughout history, these precious metals have retained their purchasing power, acting as a hedge against inflation and economic uncertainties. Unlike cryptocurrencies, which can be highly volatile, and stocks, which are subject to market fluctuations, gold and silver have maintained a reputation for stability. Tangibility and Security:One of the key advantages of investing in physical gold and silver is the tangible nature of these assets. Unlike cryptocurrencies, which exist only in the digital realm, and stocks, which represent ownership but lack a physical presence, gold and silver can be held in hand. This tangibility not only provides a sense of security but also ensures that investors have a physical asset they can access irrespective of economic conditions. Diversification:While stocks and real estate have their merits, they can be vulnerable to economic downturns. Gold and silver, on the other hand, often move inversely to other asset classes, providing an effective means of diversification. A well-diversified portfolio that includes precious metals can potentially mitigate risks and enhance overall stability. Inherent Value:Gold and silver derive their value from their intrinsic properties rather than relying on the perceived value assigned by market sentiment, as is often the case with stocks and cryptocurrencies. The industrial uses of silver, for example, contribute to its value beyond its role as a precious metal. This intrinsic value can offer a certain level of reassurance to investors, especially during times of economic uncertainty. Inflation Hedge:Gold and silver have a long-established reputation as effective hedges against inflation. When fiat currencies lose value due to inflationary pressures, the purchasing power of gold and silver tends to rise. This characteristic makes them particularly attractive to investors seeking to protect their wealth from the eroding effects of inflation. While the investment landscape continues to evolve with the emergence of new opportunities such as cryptocurrencies, the enduring appeal of gold and silver remains undeniable. These precious metals offer stability, tangibility, diversification, inherent value, and a time-tested hedge against inflation. Investors looking for a reliable and proven store of value should consider the enduring allure of gold and silver as foundational elements of a well-rounded investment portfolio.For a free gold, investment report, and Discovery Call, click here.  https://pure-gold.co/charles-kelly  Where to find me:Money Tips website: https://moneytipsdaily.com/ YouTube Channel: https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6Eg Money Tips Facebook Community: https://www.facebook.com/groups/No1businessopportunities LinkedIn: www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2 See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty ⁠https://youtu.be/mtGq7WaVxLA What’s in Store in 2024? Stock Markets, Property and GoldWatch full video on Money Tips Podcast YouTube Channel https://youtu.be/difmr0fp5-Q  For a free gold, investment report, and Discovery Call, click here (https://pure-gold.co/charles-kelly) 7 Things To Make 2024 Your Best Year Ever - Watch video version at Charles Kelly Money Tips Podcast: https://youtu.be/8oZ30NHVAr8 Join me online on my free live money management training Wednesday at 8.00PM. Places are limited, so register now below to avoid disappointment.⁠https://bit.ly/3QPp8IH⁠ 

Why Invest in Gold and Silver Compared to Crypto, Stocks or Property – An in interview with Josh Saul, gold expert, discussing the merits of including precious metals in your portfolio. Click here https://pure-gold.co/charles-kelly for a free gold, investment report, and discovery call. In the ever-evolving landscape of investment opportunities, the age-old appeal of precious metals like gold and silver remains steadfast. Investors are often confronted with a myriad of choices, ranging from the digital allure of cryptocurrencies to the stability of stocks and the tangibility of real estate. In this comparison, we explore why investing in gold and silver continues to be a compelling option compared to the alternatives.Watch YouTube video: https://youtu.be/woBQBtavLUM Historical Stability:Gold and silver have stood the test of time as reliable stores of value. Throughout history, these precious metals have retained their purchasing power, acting as a hedge against inflation and economic uncertainties. Unlike cryptocurrencies, which can be highly volatile, and stocks, which are subject to market fluctuations, gold and silver have maintained a reputation for stability. Tangibility and Security:One of the key advantages of investing in physical gold and silver is the tangible nature of these assets. Unlike cryptocurrencies, which exist only in the digital realm, and stocks, which represent ownership but lack a physical presence, gold and silver can be held in hand. This tangibility not only provides a sense of security but also ensures that investors have a physical asset they can access irrespective of economic conditions. Diversification:While stocks and real estate have their merits, they can be vulnerable to economic downturns. Gold and silver, on the other hand, often move inversely to other asset classes, providing an effective means of diversification. A well-diversified portfolio that includes precious metals can potentially mitigate risks and enhance overall stability. Inherent Value:Gold and silver derive their value from their intrinsic properties rather than relying on the perceived value assigned by market sentiment, as is often the case with stocks and cryptocurrencies. The industrial uses of silver, for example, contribute to its value beyond its role as a precious metal. This intrinsic value can offer a certain level of reassurance to investors, especially during times of economic uncertainty. Inflation Hedge:Gold and silver have a long-established reputation as effective hedges against inflation. When fiat currencies lose value due to inflationary pressures, the purchasing power of gold and silver tends to rise. This characteristic makes them particularly attractive to investors seeking to protect their wealth from the eroding effects of inflation. While the investment landscape continues to evolve with the emergence of new opportunities such as cryptocurrencies, the enduring appeal of gold and silver remains undeniable. These precious metals offer stability, tangibility, diversification, inherent value, and a time-tested hedge against inflation. Investors looking for a reliable and proven store of value should consider the enduring allure of gold and silver as foundational elements of a well-rounded investment portfolio.For a free gold, investment report, and Discovery Call, click here.  https://pure-gold.co/charles-kelly  Where to find me:Money Tips website: https://moneytipsdaily.com/ YouTube Channel: https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6Eg Money Tips Facebook Community: https://www.facebook.com/groups/No1businessopportunities LinkedIn: www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2 See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty ⁠https://youtu.be/mtGq7WaVxLA What’s in Store in 2024? Stock Markets, Property and GoldWatch full video on Money Tips Podcast YouTube Channel https://youtu.be/difmr0fp5-Q  For a free gold, investment report, and Discovery Call, click here (https://pure-gold.co/charles-kelly) 7 Things To Make 2024 Your Best Year Ever - Watch video version at Charles Kelly Money Tips Podcast: https://youtu.be/8oZ30NHVAr8 Join me online on my free live money management training Wednesday at 8.00PM. Places are limited, so register now below to avoid disappointment.⁠https://bit.ly/3QPp8IH⁠ 

Buying a house is not “that difficult” NatWest Chairman Sir Howard Davies claims! Buying a house in the UK is not “that difficult”, according to banker Sir Howard Davies, who is paid £763.000 a year by NatWest. His remarks in a BBC interview have caused outrage, especially among the ‘generation rent’ who are struggling to save for a deposit while rental prices reach record highs and the cost-of-living crises continues. Watch full video - https://youtu.be/acOsNvTnb2A This week, the average two-year fixed rate is 5.83%, while a five-year deal was 5.43%, according to Moneyfacts. He Halifax Mortgages say mortgage rates are easing and buyers' confidence could increase in the coming months. They added that house prices rose for the third month in a row to average £287,105 in December, but it forecast a fall this year with buyers perhaps becoming more cautious due to economic uncertainty. Their data shows annual rise of 1.7% in 2003 and 1.1% month-on-month rise in December. Halifax is the UK's biggest mortgage lender, but its own lending figures only take into account buyers with mortgages - about two-thirds of all sales - and do not include those who purchase homes with cash or buy-to-let deals. Figures from the Bank of England published on Thursday showed the number of mortgage approvals rose slightly in November. Many sellers have had their properties o the market for as long as two years and not sold despite dropping the asking price.  Earnings and cash saving are falling behind values of assets, such as stocks and shares, gold and silver and property prices rises. Inflation is eating away at your savings and cash. Chinese shadow bank files for $63 billion bankruptcy. Where to find me: Money Tips website: https://moneytipsdaily.com/ YouTube Channel: https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6Eg Money Tips Facebook Community: https://www.facebook.com/groups/No1businessopportunities LinkedIn: www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2 See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty ⁠https://youtu.be/mtGq7WaVxLA ⁠ What’s in Store in 2024? Stock Markets, Property and Gold Watch full video on Money Tips Podcast YouTube Channel https://youtu.be/difmr0fp5-Q For a free gold, investment report, and Discovery Call, click here.  7 Things To Make 2024 Your Best Year Ever - Watch video version at Charles Kelly Money Tips Podcast: https://youtu.be/8oZ30NHVAr8 Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. ⁠https://bit.ly/3QPp8IH⁠ Wishing you a prosperous New Year.   #money #gold #silver #inflation #natwest #propertyprices #rent #generationrent #investing

Hey, everyone! Welcome back to the channel. As we step into a brand new year, it's the perfect time to set the stage for an amazing year ahead. Today, I've compiled seven powerful things you can do to make 2024 your best year ever. Watch video version at Charles Kelly Money Tips Podcast: https://youtu.be/8oZ30NHVAr8 Set Clear Goals: Start by defining your objectives for the year. Whether it's personal growth, career milestones, health targets, or financial aspirations, setting clear, achievable goals gives you direction and motivation. Create a Vision Board: Visualization is key to manifesting your dreams. Craft a vision board with images and affirmations that represent your goals. This visual reminder will keep you focused and inspired throughout the year. Practice Gratitude Daily: Cultivating gratitude shifts your mindset towards positivity. Make it a habit to jot down or reflect on things you're grateful for each day. It's a simple practice that can have a profound impact on your overall happiness. Embrace Learning and Growth: Commit to continuous learning. Whether it's acquiring new skills, reading books, taking courses, or seeking mentorship, investing in your personal growth will enrich your life and open up new opportunities. Prioritize Self-Care: Your well-being is non-negotiable. Schedule time for self-care activities that recharge you—whether it's meditation, exercise, hobbies, or spending quality time with loved ones. Taking care of yourself is crucial for a fulfilling year. Declutter and Simplify: Clear out physical clutter and simplify your life. A clutter-free space leads to a clutter-free mind. Let go of things that no longer serve you, organize your surroundings, and create a harmonious environment. Take Action and Stay Consistent: Dreaming is essential, but action is what turns dreams into reality. Break down your goals into smaller, actionable steps and stay consistent in your efforts. Progress, no matter how small, is still progress. Choosing just one among the seven things mentioned that could make the most significant difference depends on personal circumstances and the area in your life that requires the most attention or improvement. However, if I were to prioritize based on its potential impact across various aspects of life, focusing on "Prioritize Self-Care" would likely yield substantial benefits. Here's why: Prioritizing Self-Care encompasses various elements crucial for personal well-being, which has a ripple effect on other areas of life: Physical Health: Engaging in self-care activities like regular exercise, proper nutrition, and adequate rest can significantly improve physical health, leading to increased energy levels, better mood, and enhanced productivity. Mental Health: Taking time for self-care practices such as mindfulness, meditation, or engaging in hobbies helps in reducing stress, improving mental clarity, and fostering a positive mindset. Emotional Well-being: Self-care involves acknowledging and attending to emotional needs. It can include activities like journaling, seeking therapy, or spending quality time with loved ones, enhancing emotional resilience and fostering healthier relationships. Work-Life Balance: Prioritizing self-care encourages setting boundaries and allocating time for personal activities, which can lead to a better balance between work and personal life, reducing burnout and improving overall satisfaction. While all seven things are valuable, prioritizing self-care serves as a foundational pillar that can positively impact various aspects of life, making it a potent starting point for overall well-being and subsequent personal growth. Remember, this year is a blank canvas waiting for you to paint your masterpiece. Embrace every moment, stay resilient in the face of challenges, and celebrate your victories—big or small. Thank you for tuning in. Here's to making 2024 an extraordinary year filled with growth, joy, and success. Don't forget to like, subscribe, and share this video with someone who's ready to make the most out of the upcoming year. Until next time, take care and make every day count! Where to find me: Money Tips website YouTube Channel Money Tips Facebook Community LinkedIn For a free gold, investment report, and Discovery Call, click here.  Wishing you a prosperous New Year.   #money #gold #silver #inflation #BestYearEver #2024Goals #NewYearNewYou #GoalSetting #VisionBoard #SelfCareGoals #PersonalGrowth #PositiveMindset #GratitudeAttitude #ContinuousLearning #DeclutterYourLife #ActionForSuccess #MindfulnessJourney #WellnessWednesday #AchieveYourDreams

New Property Opportunities Falling Property Prices And Higher Rents Make Buy-to-Let More Attractive In 2024 In recent years, the landscape for buy-to-let investors and property owners has posed significant challenges, marked by soaring interest rates and escalating energy expenses. The introduction of Section 24, elimination of wear and tear allowances, heightened stamp duty, and increased regulatory measures have collectively burdened buy-to-let investors, necessitating adaptation to a shifting and demanding market environment. Property prices peaked, then fell back as interest rate rose, and this year rents have gone through the roof as demand exceeds supply.  Rents have reached record highs in most parts of the UK, and of course landlords are getting the blame. But is it their fault? In their defence, landlords have had to pass on the costs that the government have imposed on them with legislation such as section 24. The policies of the treasury and central banks have caused economic chaos, higher interest, rates, higher energy costs, and a shortage of properties, none of which are the landlords fault.   But could 2024 be the turning point for property investors? Prices have fallen in some areas by as much as 20% while rents have doubled over the last few years, all of which is making buy to let investing look more attractive than it has done for three years.  In one area I’ve been looking at, three bed council house, which was selling for as much as £180,000, can now be picked up for £150,000 or less. At the same time, rents have increased in a few short years from £600 per month to £1200 per month. In other words, property prices have fallen by almost 20% while rents have doubled.   Even with mortgages at five or 6%, buy to let investing is starting to look more attractive. Furthermore, prices could fall again in 2024, as economy slows and 2 million people reach the end of a low fixed rate mortgage.   Institutions like Lloyds bank and Blackrock are already circling in the sky, waiting to pounce on cheap property. Mortgage arrears are up by 44% on a year ago to £18billion and the Bank of England has issued a lending warning. In the case of Lloyds bank, which is probably the largest lender in the UK, it seems like a bit of a conflict of interest to be both repossessing Properties, and buying them through another arm, although we don’t know if that is their intention.  Interest rates should start falling over the next five years as the economy goes into recession and inflation comes down to normal levels. This will make mortgages cheaper offering better profits for landlords. I think there will be a lot of opportunity in 2024 for the wise investor who is prepared to be patient and seek out good deals. If you’re affected by section 2024 and would like to know more about the background to this landlord tax and how best to deal with it, click here for more information.  See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty ⁠https://youtu.be/mtGq7WaVxLA ⁠ If you are suffering from section 24, join us for a free landlord Sec.24 tax seminar live in London this month. Prepare for what’s coming…. Unlocking The Secrets Of Financial Freedom - How To Master The Art Of Wealth Building In 3 Simple Steps I want to show you exactly how you can: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? Develop a millionaire mindset. To help you, I am running a free training webinar.   Unlocking The Secrets Of Financial Freedom - How To Master The Art Of Wealth Building In 3 Simple Steps I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich!  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. ⁠https://bit.ly/3QPp8IH⁠ #mindset #money #wealth #landlord #property #financialfreedom #stockmarket #invest #pensions #millionairemindset #georgeosbourne #sec24tax #transferpropertytolimitedcompany #propertyprices #mortgagearrears

BUY CANDLES, Torches and Battery Powered Radios, Dep PM Warns UK Deputy Prime Minister, Oliver Dowden MP has issued a warning to British people to prepared for power cuts and cyber attacks by keeping a supply of candles, flashlights and battery powered radios. Announcing the formation of a ‘resilience academy’ he advised Brits  to prepare for communications blackouts and retain their ‘analogy capabilities’. In this ⁠video⁠ podcast (⁠https://youtu.be/cuoB1rA8Yhk⁠): Prepare for disaster, government warms What are ‘reverse ATM machines and why should you care? Two year fixed rates fall below 6% as mortgage rates ease Mobile phone companies overcharged 28 million customer Why you should not be jealous of wealthy billionaires See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty ⁠https://youtu.be/mtGq7WaVxLA⁠ If you are suffering from section 24, join us for a free landlord Sec.24 tax seminar live in London this month. Prepare for what’s coming…. Unlocking The Secrets Of Financial Freedom - How To Master The Art Of Wealth Building In 3 Simple Steps I want to show you exactly how you can: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? Develop a millionaire mindset. To help you, I am running a free training webinar.   Unlocking The Secrets Of Financial Freedom - How To Master The Art Of Wealth Building In 3 Simple Steps I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich!  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. ⁠https://bit.ly/3QPp8IH⁠ #mindset #money #wealth #landlord #property #financialfreedom #stockmarket #invest #pensions #millionairemindset #georgeosbourne #sec24tax #transferpropertytolimitedcompany #wealth #amazon #bezos

STOP WORKING FOR FREE!  - Why Do Small Businesses Do Work For Nothing? Get paid for what you do in advance. Always agree terms and take part or full payment up front whenever possible. Are you using an accounting or invoicing system? Systemise – the difference between a small business and large concern. You are not a bank, so why are you offering credit? My experience Do you have unrecovered debts and if so do you need help getting paid? Are you in debt and unable to pay creditors? See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA If you are suffering from section 24, join us for a free landlord Sec.24 tax seminar live in London this month. Unlocking The Secrets Of Financial Freedom - How To Master The Art Of Wealth Building In 3 Simple Steps I want to show you exactly how you can: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? Develop a millionaire mindset. To help you, I am running a free training webinar.   Unlocking The Secrets Of Financial Freedom - How To Master The Art Of Wealth Building In 3 Simple Steps I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich!  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #mindset #money #wealth #landlord #property #financialfreedom #stockmarket #invest #pensions #millionairemindset #georgeosbourne #sec24tax #transferpropertytolimitedcompany #wealth  This show was brought to you by Progressive Media

Last chance to join my live 1-Day SMART MONEY WORKSHOP for just £17 for 2 places. Saturday 25 November 10-4pm - reserve your seat now - https://buy.stripe.com/00g01E92W4R8cfebII  Fixed mortgage interest rates have dipped below 5% after new figures show that inflation fell from 6.7% in September to 4.6%, less than half the 11.1% rate in October 20022. In his Autumn Statement, Chancellor Jeremy Hunt announced plans to increase state pensions by 8.5, benefits by 6.7%, unfreezing Local Housing Allowance and the National Living Wage from £10.42 to £11.44 an hour from April 2024 – whilst simultaneously cutting NI for the self-employed and business taxes. More planning reforms announced to speed up building and infrastructure projects. Mortgage Rates Fall – Interview with Mortgage Broker Miriam [email protected] YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA If you are suffering from section 24, join us for a free landlord Sec.24 tax seminar live in London this month. Unlocking The Secrets Of Financial Freedom - How To Master The Art Of Wealth Building In 3 Simple Steps I want to show you exactly how you can: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? Develop a millionaire mindset. To help you, I am running a free training webinar.   Unlocking The Secrets Of Financial Freedom - How To Master The Art Of Wealth Building In 3 Simple Steps I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich!  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment.https://bit.ly/3QPp8IH Last chance to join my live 1-Day SMART MONEY WORKSHOP for just £17 for 2 places. Saturday 25 November 10-4pm Places are limited to give attendees more individual attention - reserve your seat now - https://buy.stripe.com/00g01E92W4R8cfebII    #mindset #money #wealth #landlord #property #financialfreedom #stockmarket #invest #pensions #millionairemindset #georgeosbourne #sec24tax #transferpropertytolimitedcompany #wealthThis show was brought to you by Progressive Media

These 12 Rich Habits Will Make You Wealthy, Guaranteed! Join me on my free webinar, three steps to financial freedom and successful money-management, Wednesday at 8 pm. Don’t miss it, click the link below. https://bit.ly/3QPp8IH Pay Yourself First Live on a Percentage of Income  Don’t Just Save, Invest! Start Investing Early Manage and Organise Your Money Budget Your Spending Know Your Numbers Avoid Bad Debt and Credit Use Good Debt and Leverage Develop The Right Money Mindset Educate Yourself About Business, Money and Finance Get Around The Right People – Avoid Toxic People Watch video on YouTube - https://youtu.be/dfFGPIiqKWA See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA If you are suffering from section 24, join us for a free landlord Sec.24 tax seminar live in London this month. Unlocking The Secrets Of Financial Freedom - How To Master The Art Of Wealth Building In 3 Simple Steps I want to show you exactly how you can: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? Develop a millionaire mindset. To help you, I am running a free training webinar.   Unlocking The Secrets Of  Financial Freedom - How To Master The Art Of Wealth Building In 3 Simple Steps I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich!  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment.https://bit.ly/3QPp8IH #mindset #money #wealth #landlord #property #financialfreedom #stockmarket #invest #pensions #millionairemindset #georgeosbourne #sec24tax #transferpropertytolimitedcompany #wealth #richabitsThis show was brought to you by Progressive Media

Where will you be in 5 years?Join me online on my free live money management training Wednesday at 8.00PM.  Register now https://bit.ly/3QPp8IH Have you even thought about it?What are your plans, goals or dreams?What actions are you taking towards getting where you want to be?Do you have a mentor?Who do you need to become to reach your goal?Will you have enough money to retire or quit the rat race? TIME TO GET SERIOUSThere are 24 hours in every day.   We all have something in common. We have the same amount of time and every day.Other things may be differ between us but will have the same 24 hours in every day. If you put in enough time and effort there’s no limit to what you can achieve. Question is, how much of that time do you waste?How much time do you spend thinking about getting started instead of taking action and starting?How much time do you waste scrolling through social media or watching television? TV GuideHow much time do you flush down the toilet playing video games, drinking and partying?In the time that people spend watching television for 4 to 5 hours a day, they could upgrade their financial or business skills and knowledge, learn a new language, get super fit and improve their health or even take a degree in 2 to 3 years.   Let’s say you wanted to write a book, “don’t have the time “.  Do you think you have a spare hour a day? Do you think if you are very busy you can't spare one hour a day? Course you can! Did you know that if you write for one hour a day and finish one page. If you did that for 365 days, you’d have 365 pages written.  That is equivalent to a book manuscript! If you use your time more effectively, and make time work for you instead of wasting it, there is no limit to what you could achieve your life.  A.I. Could replace 1 billion jobs in next 3 years Millions of lower paid and executive jobs could be replaced by machines within the next three years.  This will not only affect employment but will also reduce consumption as well as it in the income from the Ponzi like pension schemes.  Now is the time to become financially educated to protect yourself from the coming storms of AI and central bank digital currencies.  Now is the time to prepare yourself for one of the biggest changes in history.   Now is the time to act before it’s too late.   Join me on my free webinar, three steps to financial freedom and successful money-management, Wednesday at 8 pm. Don’t miss it, click the link below.  See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA How To Manage Your Spending And Develop A Millionaire Mindset I want to show you exactly how you can: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? Develop a millionaire mindset. To help you, I am running a free training webinar.   3 Steps To Success Money Management and Financial FREEDOM! I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich!  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #mindet #money #wealth #landlord #property #financialfreedom #stockmarket #invest #pensions #millionairemindset #georgeosbourne #sec24tax #transferpropertytolimitedcompanyThis show was brought to you by Progressive Media

Do You Ever Wonder Why You Never Have Enough Money? Do you say: “I just don’t know where it all goes?” If you have answered “yes” to these questions you probably struggle with managing and investing your money. I want to help you Unlock Financial Freedom: Master the Art of Money Management in 3 Simple Steps Discover the keys to prosperous money management that won't compromise your quality of life. Register here - https://bit.ly/3QPp8IH In today's challenging economic landscape, where inflation, higher interest rates, and downturns prevail, there are always those who not only survive but thrive. What sets them apart? Bank of England hold rates at 5%...Find out why this affects all of us – even if you don’t have a mortgage. Watch YouTube Video Version - https://youtu.be/XQlNscx2Sgc Have you been hit by George Osborne’s Sec 24 Landlord TAX GRAB? See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA   How To Manage Your Spending And Develop A Millionaire MindsetI want to show you exactly how you can: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? Develop a millionaire mindset. To help you, I am running a free training webinar.   3 Steps To Success Money Management and Financial FREEDOM! I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich!  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #mindet #money #wealth #landlord #property #financialfreedom #stockmarket #invest #pensions #millionairemindset #georgeosbourne #sec24tax #transferpropertytolimitedcompanyThis show was brought to you by Progressive Media

What Triggers Us To Buy Brands And Products?Is price always the deciding factor when we make a buying decision? Please like and share this article or podcast and check out my webinar: 3 Steps To Success Money Management and Financial FREEDOM!I want to help you get control of your money, learn how to invest, and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich!  Join me online on my free live money management training Wednesday at 8.00PM - register now below to avoid disappointment. https://bit.ly/3QPp8IH Brand Loyalty Doesn’t Always PayPeople buy market-leading brands for a variety of reasons including comfort, peace of mind and safety and status.   However, brand leaders, such as Heinz beans or Coca Cola can sell their products for a substantial premium over similar generic equivalents. Watch YouTube Video - https://youtu.be/MnbR5AYXmYQ Tip – Avoid brand loyalty where possible and only buy favourite brands when on sale. Advertisers and supermarkets manipulate us to buy products which pay for the best positions and even height in the aisles. Tip – Always check the ‘price per kilo’ (not sticker price) when buying meat or fish. Poorer households in the West can spend up to 30% of their disposable income on food and essentials and as much a half their income in developing countries. Engel’s LawThe 19th Century German statistician, Ernst Engel, observed that the percentage of income allocated for food purchases decreases as a household's income rises, while the percentage spent on other things (such as education and recreation) increases. Right now, food inflation is hitting poor and middle-class families hard. Tip – Buy fresh produce, and cook, rather than prepackaged and processed food. Brand Value The brand value of tops brands, like Apple, Coca Cola Amazon and McDonalds are worth around $300. Legendary investor Warren Buffett buys companies which have a brand or competitive ‘moat’. Did you know that up to 85% of Berkshire Hathaway’s stock holding are in leading brands such as Apple, Bank or America, Coca Cola and American Express? Warren and his partner Charlie Munger pick winners and stay investing in them for years. Tip – Warren Buffett waits for the right time to buy stocks which are ‘on sale’. It’s coming…Prepare yourself for the coming downturn in the economy and stock market and property prices. Unlock Financial Freedom: Master the Art of Money Management in 3 Simple StepsDiscover the keys to prosperous money management that won't compromise your quality of life. Register here - https://bit.ly/3QPp8IH In today's challenging economic landscape, where inflation, higher interest rates, and downturns prevail, there are always those who not only survive but thrive. What sets them apart? See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA   How To Develop A Millionaire Mindset I want to show you exactly how you can: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? Develop a millionaire mindset. To help you, I am running a free training webinar.   3 Steps To Success Money Management and Financial FREEDOM!I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich!  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #mindet #money #wealth #landlord #property #financialfreedom #stockmarket #warrenbuffett #invest #pensions #millionairemindset #apple #amazon #macdonalds #engelslawThis show was brought to you by Progressive Media

Property prices decline Rents soar  Fixed rates fall Join me online on my free live money management training Wednesday at 8.00PM. Register now below https://bit.ly/3QPp8IH Watch full video - https://youtu.be/LboQYzyANnA  Your belief system and mindset can seriously affect your wealth and the quality of your life. The answer lies within you. Your internal economy and mindset have a more profound impact on your financial success than external events. Recent events have exposed that many lack the financial resilience to handle unexpected crises like job loss or mounting bills. But the good news is, you can take control. Learn how to master your money in just 28 days, paving the way to wealth and financial freedom without sacrificing your life's pleasures. In this free live online training, I will reveal: - The 3-Step Formula for Successful Money Management - Strategies to Transform Your Money Mindset - Techniques to Build Lasting Wealth Unlock Financial Freedom: Master the Art of Money Management in 3 Simple Steps Discover the keys to prosperous money management that won't compromise your quality of life. Register here - https://bit.ly/3QPp8IH In today's challenging economic landscape, where inflation, higher interest rates, and downturns prevail, there are always those who not only survive but thrive. What sets them apart? Watch full video on YouTube - https://youtu.be/lE2q5J-TcCM See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA Housing Market in DEEP Trouble: https://youtu.be/USGREwntT1I How To Develop A Millionaire Mindset I want to show you exactly how you can: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? Develop a millionaire mindset To help you, I am running a free training webinar.   3 Steps To Success Money Management and Financial FREEDOM! I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich!  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #mindet #money #wealth #landlord #property #financialfreedom #chasstashingThis show was brought to you by Progressive Media

Is Your Money Safe In The UK Metro Or Any Bank? It Depends… In this week’s Money Tips Podcast: Should you worry about Metro Bank’s finances, as they struggle to raise £600 million to maintain its ambitious expansion programme.  Property prices fall for sixth month in a row according the Halifax who say the slump will continue into 2024. Help to Buy Scheme sees return of ‘Negative Equity’. Watch full YouTube video -  https://youtu.be/hCLidk13PP4?si=fwM1e5xV6O6nR1vi   See also: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA Housing Market in DEEP Trouble: https://youtu.be/USGREwntT1I How To Develop A Millionaire Mindset I want to show you exactly how you can: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? Develop a millionaire mindset To help you, I am running a free training webinar.   3 Steps To Success Money Management and Financial FREEDOM! I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich!  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #mortgage #fixedratemortgage #landlord #property #metrobank #housepricesThis show was brought to you by Progressive Media

What is the UK Pensions Triple Lock? What can you expect from a bankrupt state pension scheme when you retire? Unlock Financial Freedom: Master the Art of Money Management in 3 Simple Steps Discover the keys to prosperous money management that won't compromise your quality of life. Register here - https://bit.ly/3QPp8IH In today's challenging economic landscape, where inflation, higher interest rates, and downturns prevail, there are always those who not only survive but thrive. What sets them apart? The answer lies within you. Your internal economy and mindset have a more profound impact on your financial success than external events. Recent events have exposed that many lack the financial resilience to handle unexpected crises like job loss or mounting bills. But the good news is, you can take control. Learn how to master your money in just 28 days, paving the way to wealth and financial freedom without sacrificing your life's pleasures. In this free live online training, I will reveal: - The 3-Step Formula for Successful Money Management - Strategies to Transform Your Money Mindset - Techniques to Build Lasting Wealth See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA   Housing Market in DEEP Trouble: https://youtu.be/USGREwntT1I How To Develop A Millionaire Mindset I want to show you exactly how you can: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? Develop a millionaire mindset To help you, I am running a free training webinar.  3 Steps To Success Money Management and Financial FREEDOM! I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich! Join me online on my free live money management training Wednesday at 8.00PM. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #mortgage #fixedratemortgage #landlord #property #renttorent  This show was brought to you by Progressive Media

Fixed mortgage rates ease following Bank of England’s rate hold. Plus opportunities for landlords to increase rental returns. Unlock Financial Freedom: Master the Art of Money Management in 3 Simple Steps Discover the keys to prosperous money management that won't compromise your quality of life. Register here - https://bit.ly/3QPp8IH In today's challenging economic landscape, where inflation, higher interest rates, and downturns prevail, there are always those who not only survive but thrive. What sets them apart? The answer lies within you. Your internal economy and mindset have a more profound impact on your financial success than external events. Recent events have exposed that many lack the financial resilience to handle unexpected crises like job loss or mounting bills. But the good news is, you can take control. Learn how to master your money in just 28 days, paving the way to wealth and financial freedom without sacrificing your life's pleasures. In this free live online training, I will reveal: - The 3-Step Formula for Successful Money Management - Strategies to Transform Your Money Mindset - Techniques to Build Lasting Wealth See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA   Housing Market in DEEP Trouble: https://youtu.be/USGREwntT1I How To Develop A Millionaire Mindset I want to show you exactly how you can: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? Develop a millionaire mindset To help you, I am running a free training webinar.  3 Steps To Success Money Management and Financial FREEDOM! I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich! Join me online on my free live money management training Wednesday at 8.00PM. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #mortgage #fixedratemortgage #landlord #property #renttorent      This show was brought to you by Progressive Media

You can turn your property into your pension, or provide a gift house deposit to your children with an Equity Release Mortgage. With Laurence Silver, independent equity release adviser.  Unlock Financial Freedom: Master the Art of Money Management in 3 Simple Steps **Join the training**: Register Now    If you need independent mortgage or equity release advice, email us to arrange a free consultation with Laurence Silver. Watch full interview - https://youtu.be/R7ujUB-7k9o Serviced Accommodation If you are a property owner or landlord looking to increase your rental returns whilst reducing the headache of section 21, and the looming renters reform act, contact me at [email protected] Unlock Financial Freedom: Master the Art of Money Management in 3 Simple Steps Discover the keys to prosperous money management that won't compromise your quality of life. **Join the training**: Register Now    https://us02web.zoom.us/meeting/register/tZUpc-mhpzgrG9xJNvCuCklVcOPpk82yMMKx In today's challenging economic landscape, where inflation, higher interest rates, and downturns prevail, there are always those who not only survive but thrive. What sets them apart? The answer lies within you. Your internal economy and mindset have a more profound impact on your financial success than external events. Recent events have exposed that many lack the financial resilience to handle unexpected events like job loss or mounting bills. But the good news is, you can take control. Learn how to master your money in just 28 days, paving the way to wealth and financial freedom without sacrificing your life's pleasures. In this free live online training, I will reveal: - The 3-Step Formula for Financial Freedom and Successful Money Management - Strategies to Transform Your Money Mindset - Techniques to Build Lasting Wealth About Charles Kelly: Speaker, Podcaster, Author, Property Investor, Digital Marketing, Former Immigration Adviser and International Recruiter and Business Consultant. Charles has been featured as an expert guest on prestigious platforms such as BBC News, Radio 5, and more. He is committed to helping individuals achieve financial freedom through education, effective money management, and the acquisition of valuable money-making skills. Don't miss this opportunity to take charge of your financial future. **Register now for this free online training**: Secure Your Spot  https://us02web.zoom.us/meeting/register/tZUpc-mhpzgrG9xJNvCuCklVcOPpk82yMMKx #propertymanagement #servicedaccommodation #lettingagents #section21 #rentalproperty #money #financialfreedom #moneymanagement #tenantrights #buy-to-letpropertyThis show was brought to you by Progressive Media

New free legal advice for tenants to block section 21 evictions Good news for tenants, disaster for buy to let landlords.  Unlock Financial Freedom: Master the Art of Money Management in 3 Simple Steps Discover the keys to prosperous money management that won't compromise your quality of life. **Join the training**: Register Now    https://us02web.zoom.us/meeting/register/tZUpc-mhpzgrG9xJNvCuCklVcOPpk82yMMKx This comes as a new report states that 250,000 people are homeless because the council has run out of temporary accommodation.   Watch video version at Charles Kelly Money Tips Podcast: https://youtu.be/0yWoU7PbL7M Another report by the BBC, as many, as 2 million people are falling behind with their utility bills.  Which bills do you prioritise? Rightmove report that asking prices of houses are falling again. The financial Times reports that UK construction companies are becoming insolvent at the fastest rate in over 10 years. 4000 building companies have gone bust in a year as material prices, soar, and construction slows.   Serviced Accommodation vs Buy-to-Let Higher interest rates and increase in legislation has forced many landlords to consider switching to Serviced Accommodation, as opposed to the traditional buy to let standard AST tenants.  Serviced accommodation offers landlords the opportunity to increase their after-tax net returns, whilst avoiding many of the pitfalls linked to traditional buy to let, such as dealing with difficult tenants and the coming abolition of section 21 ‘no fault’ evictions. In the past, landlords have been deterred from Serviced Accommodation due to the additional work involved. Traditional, letting agencies have been reluctant, or are just not equipped, to manage a Serviced Accommodation property involving guest turnover, bookings, cleaning, linen and so on.  But now there is a solution.  A new breed of specialist agencies has sprung up to satisfy this growing market by managing Serviced Accommodation properties at scale.  Open House South Herts has teamed up with one such agency that is actively seeking properties in the following areas: Hertfordshire, Essex, Cambridge, as well as major metropolitan business areas in England.    They offer landlords a complete hand free full management service, taking care of bookings, changeover, cleaning and linen. Bookings come from a number of sources including corporate temporary lets and booking.com to ensure the 80% occupancy the company aims to achieve. Landlords benefit from higher net rents and hassle-free management. The management company offers agents a generous introduction fee without having to manage the property. Serviced Accommodation properties should be furnished and decorated to a high standard. The company will advise on the recommended specifications. Landlords will need to inform their mortgage lender and insurer and some boroughs may require planning consent. Whilst this may not work for every landlord, the is growing demand for this service. If you are a property owner or landlord looking to increase your rental returns whilst reducing the headache of section 21, and the looming renters reform act, contact me at [email protected] Unlock Financial Freedom: Master the Art of Money Management in 3 Simple Steps Discover the keys to prosperous money management that won't compromise your quality of life. **Join the training**: Register Now    https://us02web.zoom.us/meeting/register/tZUpc-mhpzgrG9xJNvCuCklVcOPpk82yMMKx In today's challenging economic landscape, where inflation, higher interest rates, and downturns prevail, there are always those who not only survive but thrive. What sets them apart? The answer lies within you. Your internal economy and mindset have a more profound impact on your financial success than external events. Recent events have exposed that many lack the financial resilience to handle unexpected crises like job loss or mounting bills. But the good news is, you can take control. Learn how to master your money in just 28 days, paving the way to wealth and financial freedom without sacrificing your life's pleasures. In this free live online training, I will reveal: - The 3-Step Formula for Successful Money Management - Strategies to Transform Your Money Mindset - Techniques to Build Lasting Wealth About Charles Kelly: Speaker, Podcaster, Author, Property Investor, Digital Marketing, Former Immigration Adviser and International Recruiter and Business Consultant. Charles has been featured as an expert guest on prestigious platforms such as BBC News, Radio 5, and more. He is committed to helping individuals achieve financial freedom through education, effective money management, and the acquisition of valuable money-making skills. Don't miss this opportunity to take charge of your financial future. **Register now for this free online training**: Secure Your Spot  https://us02web.zoom.us/meeting/register/tZUpc-mhpzgrG9xJNvCuCklVcOPpk82yMMKx #propertymanagement #servicedaccommodation #lettingagents #section21 #rentalproperty #money #financialfreedom #moneymanagement #tenantrights #buy-to-letproperty This show was brought to you by Progressive Media

Just when landlords thought they’d suffered enough red tape a new threat is looming. Join me online on my free live money management training Wednesday at 8.00PM.  Register now - https://bit.ly/3QPp8IHThe UK Home Secretary, Suella Braverman, announced this week that fines will be more than tripled for employers and landlords who allow illegal migrants to work for them or rent their properties.  Watch full YouTube video version - https://youtu.be/Uk-RbN5A6dI The civil or non-criminal penalty for employers, last raised in 2014, will be increased to up to £45,000 per illegal worker for a first breach from £15,000, and up to £60,000 for repeat breaches from £20,000. Fines will rise from £80 per lodger and £1,000 per occupier for a first breach to up to £5,000 per lodger and £10,000 per occupier.  Repeat offenders will face fines of £10,000 per lodger and £20,000 per occupier, up from £500 and £3,000 respectively.  The higher penalties, which require a lower burden of proof than a criminal prosecution, will be introduced in 2024. The Home Office will consult on options to strengthen action against licensed businesses who are employing illegal workers later this year. Almost 5,000 civil penalties have been issued to employers with a total value of £88.4m since 2018.  In the same period, buy-to-let landlords have been hit with over 320 civil penalties valued at £215,500. Minister for Immigration Robert Jenrick said that employers and landlords should already be checking the eligibility of anyone they employ or let a property to. There are a number of ways to do this, which are not changing, including via a manual check of original documentation and a Home Office online checking system. The online check takes only 5 minutes. Over 17,000 people have entered the UK illegally this year on small boats from France.  UK inflation fell to 6.8% (from 7.9) this week raising hopes that the Bank of England will hold interest rates at 5,25% - the highest for 15 years - next month. However, with core inflation unchanged at 6.9% interest rates could rise to 5.5% adding further pressure on the housing market and driving the UK further towards a recession. We are not out of the economic woods yet, so learning how to manage your money has never been so crucial. See also: Landlord - Serviced Accommodation V Buy-to-Let Property Rental And HMO’s - Exploring Alternative Buy-to-Let Strategies in the UK: Serviced Accommodation, Holiday Letting, and HMOs https://youtu.be/5uJcr7YoPso See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA If you would like more information and an assessment on letting your property hassle free, hands-off with FULL MANAGEMENT using the serviced accommodation model, email [email protected] with your property details and location.  Content for educational purposes only, not financial advice. Always speak to an independent financial or mortgage adviser. If you would like more information and an assessment on letting your property hassle free, hands-off with FULL MANAGEMENT using the serviced accommodation model, email [email protected] with your property details and location.  Content for educational purposes only, not financial advice. Always speak to an independent financial or mortgage adviser. 3 Steps To Success Money Management! I want to help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH  #illegalimmigration #illegalmigrants #interestrates #property #mortgages #remortgage #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth   #bankofengland #inflation #money #servicedaccommodation #holidaylet #HMOrental #holidatrental #airbnb #booking.com #buytoletlandlords #health #businessThis show was brought to you by Progressive Media

Do This And Everything Will Change For You This simple hack will Improve Everything in your life from relationships to health and wealth. Join me online on my free live money management training Wednesday at 8.00PM.  Register now - https://bit.ly/3QPp8IH  Peter Drucker said, if you cannot measure you cannot improve it. This not only applies to businesses management, but also life and money management. In this short video, we explore relationships, health and money management…Watch on YouTube https://youtu.be/v4sZB70MDhc See also: Landlord - Serviced Accommodation V Buy-to-Let Property Rental And HMO’s - Exploring Alternative Buy-to-Let Strategies in the UK: Serviced Accommodation, Holiday Letting, and HMOs https://youtu.be/5uJcr7YoPso See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA If you would like more information and an assessment on letting your property hassle free, hands-off with FULL MANAGEMENT using the serviced accommodation model, email [email protected] with your property details and location.  Content for educational purposes only, not financial advice. Always speak to an independent financial or mortgage adviser. 3 Steps To Success Money Management! I want to help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH    #peterdrucker #lifemanagement#interestrates #property #mortgages #remortgage #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth   #bankofengland #inflation #money #servicedaccommodation #holidaylet #HMOrental #holidatrental #airbnb #booking.com #buytoletlandlords #health #business    This show was brought to you by Progressive Media

Houses fell at the fastest annual rate in 14 years, according to figures published by the Nationwide Building Society. Interview with Miriam Nawagamuwa CeMAP, Mortgage and Protection Advisor with Larkin Financial Services. The second largest UK mortgage lender say house prices fell by 3.8% in the year to July 2023, the sharpest drop since July 2009. Higher mortgage rates and the cost-of-living crisis are making “affordability a challenge”, the lender said. Watch video version - https://youtu.be/iIr0nGOGEdc - Charles Kelly Money Tips Podcast. A typical 5-year fixed rate mortgage was 6.37% this week, but as high as 6.85% for a 2 year deal. The Bank of England have followed the Fed and ECB by hiking interest rates for the fourteenth time by 0.25% to 5.25%, which will be another nail in the coffin for the housing market and borrowers. Average price of a home in the UK is now £260,000, £13,000 below a peak last August. The lender completed 85,000 transactions in June, down from 100,000 the previous year, which is a near 15% fall in business. If you need mortgage advice contact: Miriam Nawagamuwa CeMAP   Mortgage and Protection Advisor Larkin Financial Services Ltd 07539457777 / 02081333348 239 Mitcham Road, London, SW17 9JG [email protected]  See also: Landlord - Serviced Accommodation V Buy-to-Let Property Rental And HMO’s - Exploring Alternative Buy-to-Let Strategies in the UK: Serviced Accommodation, Holiday Letting, and HMOs https://youtu.be/5uJcr7YoPso See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA If you would like more information and an assessment on letting your property hassle free, hands-off with FULL MANAGEMENT using the serviced accommodation model, email [email protected] with your property details and location.  Content for educational purposes only, not financial advice. Always speak to an independent financial or mortgage adviser. 3 Steps To Success Money Management! I want to help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH    #interestrates #property #mortgages #remortgage #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth   #bankofengland #inflation #money #servicedaccommodation #holidaylet #HMOrental #holidatrental #airbnb #booking.com #buytoletlandlords This show was brought to you by Progressive Media

With the housing and rental crisis getting worse by the day, the UK government must cease its war on private landlords and restore the balance of power. Housing charities, such as Shelter and The Big Issue are calling on the government to end ‘no fault evictions’ and put a cap on rents, all of which is adding to landlord anxiety and causing thousands to quit the buy-to-let market. Almost 1 in 7 had their rent increased in the last month Of the 3.5 million private tenants who had their rent increased over 800,000 saw it rise by more than £100 a month, and nearly 200,000 by more than £300 a monthAlmost 2.5 million renters are either behind or constantly struggling to pay their rent 1 in 3 spend at least half their household income on rent Source: Shelter The government has introduced a raft of new ant-landlord legislation and red tape for private landlords including: Section 24 tax hike on rental businesses holding propertied in individual names Tenant Fee Act More tests such as electrical inspections and Legionella tests Renters Reform Bill, which will end Section 21 ‘no fault evictions’ and give tenants more rights Meanwhile, the crisis is leading to record rent highs and creating a massive shortage of properties. As predicted, the war on landlords is backfiring on the government and tenants and landlords are paying the price. The Bank of England’s hammer blow interest rate hikes (to stop the inflation they help create through money printing on an industrial scale) have added another nail ‘in the coffin’ to the buy-to-let property model. More pain to come for borrowers and mortgage holders as both the Fed and ECB raise interest rates by 0.25% this week, a record high for the European Central Bank.  Will the Bank of England follow at their upcoming meeting? Landlords are switching to other rental models, such as Serviced Accommodation, company lets and holiday rentals, in order to in many cases substantially increase rental returns, bypass Renters Reform legislation and Section 24 tax changes and help them survive higher interest rates. See also: Landlord - Serviced Accommodation V Buy-to-Let Property Rental And HMO’s - Exploring Alternative Buy-to-Let Strategies in the UK: Serviced Accommodation, Holiday Letting, and HMOs https://youtu.be/5uJcr7YoPso See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA If you would like more information and an assessment on letting your property hassle free, hands-off with FULL MANAGEMENT using the serviced accommodation model, email [email protected] with your property details and location.  3 Steps To Success Money Management! I want to help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH  #interestrates #property #mortgages #remortgage #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth   #bankofengland #inflation #money #servicedaccommodation #holidaylet #HMOrental #holidatrental #airbnb #booking.com #buytoletlandlordsThis show was brought to you by Progressive Media

Join me online on my free live money management training Wednesday at 8.00PM.  Register now below to avoid disappointment. https://bit.ly/3QPp8IH  Discussing commercial mortgages, buy-to-let, holiday lets and development finance with guest speaker, Paul Rogers - Commercial Finance Broker Commercial Finance Broker Synergy Commercial Finance Ltd [email protected] Watch full video version on YouTube channel - https://youtu.be/hPJ1iY3ySVA See also: Landlord - Serviced Accommodation V Buy-to-Let Property Rental And HMO’s - Exploring Alternative Buy-to-Let Strategies in the UK: Serviced Accommodation, Holiday Letting, and HMOs https://youtu.be/5uJcr7YoPso See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA If you would like more information and an assessment on letting your property hassle free, hands-off with FULL MANAGEMENT using the serviced accommodation model, email [email protected] with your property details and location.  3 Steps To Success Money Management! I want to help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH  #interestrates #property #mortgages #remortgage #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth   #bankofengland #inflation #money #servicedaccommodation #holidaylet #HMOrental #holidatrental #airbnb #booking.com This show was brought to you by Progressive Media

Investing in property has long been a popular avenue for generating income in the UK, but with mortgage rates hitting a 16 year high, the standard buy-to-let model does not stack up alongside borrowing. While standard buy-to-let properties have traditionally dominated the market, alternative strategies such as serviced accommodation, holiday letting, and houses in multiple occupation (HMO) are gaining traction as landlords look to increase returns to offset high borrowing costs and more red tape. Many experts are predicting a property market crash – see Housing Market in Deep Trouble https://youtu.be/USGREwntT1IIn this article, we will delve into the pros and cons of each strategy, as well as explore the associated risks and tax benefits for landlords under UK tax law.Watch video version - https://youtu.be/5uJcr7YoPso 1. Serviced Accommodation Serviced accommodation refers to the rental of fully furnished properties on a short-term basis, often targeted at business travellers, tourists, or corporate clients. Pros:- Higher rental yields: Compared to traditional buy-to-let, serviced accommodation can provide significantly higher rental yields due to premium rates charged for short-term stays.- Flexibility: Landlords have the option to use the property for personal use when it's not occupied, offering flexibility in terms of availability and usage.- Strong demand: Popular tourist destinations and major business centres tend to attract consistent demand for serviced accommodation. Cons:- Increased management requirements: Regular cleaning, maintenance, and managing guest turnover can be more time-consuming and require active involvement from landlords.- Seasonal demand fluctuations: Depending on location, occupancy rates may fluctuate seasonally, resulting in periods of high demand and low demand.- Regulatory considerations: Compliance with local regulations, licensing requirements, and health and safety standards can be more stringent for serviced accommodation. 2. Holiday Letting Holiday letting is similar to the above model and involves renting out a property for short-term vacations, typically in popular tourist destinations. Pros:- Attractive rental income: During peak vacation seasons, holiday lets can generate substantial rental income due to premium rates charged for short stays.- Personal use: Landlords can enjoy using the property for personal vacations during off-peak periods.- Tax advantages: Holiday letting can offer certain tax benefits, including the ability to claim capital allowances and potentially qualifying for certain reliefs. Cons:- Seasonality: Demand for holiday lets can be highly seasonal, leading to potential periods of low occupancy during off-peak seasons.- Management challenges: Similar to serviced accommodation, managing bookings, cleaning, and maintenance can be more labour-intensive.- Increased competition: Popular tourist destinations often have high competition among holiday let properties, requiring landlords to differentiate their offerings to attract guests. 3. Houses in Multiple Occupation (HMOs) HMOs are properties rented out to multiple unrelated tenants who share communal areas, such as kitchens and bathrooms. Pros:- Higher rental income potential: Renting out individual rooms within an HMO can generate higher rental yields compared to traditional buy-to-let properties.- Diverse tenant pool: HMOs can attract a range of tenants, including young professionals, students, and single individuals.- Demand stability: In areas with a high demand for affordable housing or near educational institutions, HMOs can provide consistent demand for rental properties. Cons:- Licensing and regulations: HMOs are subject to specific licensing requirements and regulations, which can vary between local authorities.- Management challenges: Managing multiple tenants, ensuring communal areas are maintained, and resolving disputes can be demanding for landlords.- Potentially higher costs: HMOs may require additional safety measures and compliance expenses, such as fire safety systems and regular inspections. Tax Considerations Landlords should be aware of the tax implications of each strategy. Depending on individual circumstances, there may be specific tax benefits, including allowable expenses and tax deductions. Seeking advice from a tax professional is essential to navigate the complex UK tax landscape. Conclusion Alternative buy-to-let strategies offer landlords in the UK diverse opportunities to maximize their rental income. Serviced accommodation, holiday letting, and HMOs each come with their own set of advantages and challenges. Understanding the risks, tax implications, and individual goals can help landlords make informed decisions when exploring these alternative strategies. With the right management, there is no doubt that serviced accommodation can increase net returns for landlords, as well as removing them from current housing legislation and the forthcoming tougher legislation proposed under the Renters Reform Bill.For more information on renters reform, see my YouTube video: ‘Trouble Ahead for Landlords’ https://youtu.be/_QpXWoYmG3UIf you would like more information and an assessment on letting your property hassle free, hands-off with FULL MANAGEMENT using the serviced accommodation model, email [email protected] with your property details and location. 3 Steps To Success Money Management!I want to help you get control of your money, learn how to invest and become financially free. Join me online on my free live money management training Wednesday at 8.00PM. Places are limited, so register now below to avoid disappointment.https://bit.ly/3QPp8IH #interestrates #property #mortgages #remortgage #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth   #bankofengland #inflation #money #servicedaccommodation #holidaylet #HMOrental #holidatrental #airbnb #booking.com This show was brought to you by Progressive Media

Bank bosses have been probed by the UK's financial watchdog over complaints that interest rates on savings are too low and are not being passed on to savers. Higher interest rates have led banks to put up mortgage costs sharply, but savings rates are barely rising. Chancellor Jeremy Hunt has finally noticed that savers have been ripped off and says it is an "issue which needs solving", the BBC reports. This comes as millions of households are struggling with the soaring cost of living, higher mortgage rates and energy bills, which have also failed to come down following the fall in wholesale oil and gas prices since they peaked after the invasion of Ukraine. The heads of the worst culprits; Lloyds, HSBC, NatWest and Barclays banks have been summoned to a meeting by the Financial Conduct Authority (FCA) on Thursday. The so-called watchdog will question the banks on their poor savings rates and on how they communicate with customers, according to the Financial Times. HSBC said it had increased its savings rates "more than a dozen times since the beginning of last year, with every savings product seeing rates increased on multiple occasions during that time". NatWest has not passed on rates on many of its older accounts at all, leaving it to customers to switch to different accounts to achieve a decent rate on their savings.  The Bank of England has been increasing UK interest rates since December 2021 as it tries to bring down soaring price rises. Its base rate - which has a direct effect on mortgage and savings rates has risen from almost zero to 5% in the last 18 months. The Central Bank wants to make it more expensive for people to borrow and spend and encourage them to save – in the hope that we will all spend less so that inflation cools. Average mortgage rates have soared above 6%, while returns on savings and current accounts have risen by a much smaller amount, in some case not at all. The average rate for a two-year mortgage deal hit 6.47%, while the average easy access savings rate was 2.45%, a gap of 4.02 percentage points. The average one-year fixed savings rate was 4.8%. Low returns on savings combined with high inflation is eating away at people’s savings. This follows over a decade of derisory returns. The banks have been offering poor savings rates since the 2008 financial crisis. Since then, it has been more profitable to borrow money and buy assets such as property, hence the housing bubble and unaffordable homes for first-time buyers.  The big four High Street banks have a monopoly on banking, lending and savings, although challenger banks are making headway. Many older people are not used to internet banking at a time when the four main banks are closing hundreds of high street branches leaving customers isolated. Even if the banks increase savings rates, money held in a bank account will not give you a ‘real’ rate of return above inflation. If you want your money to grow so you can build wealth and become financially free you need to invest it into real assets, such as property or the stock market. This can be done using low-cost tracker funds, unit trusts, mutual funds and pension funds. Average returns in a tracker fund invested in the US S&P 500 index are around 10% per annum, and you can start saving as little as £50 per month into most funds. See also: Housing Market in DEEP Trouble: https://youtu.be/USGREwntT1IIf you would like to learn more about how to become financially free and develop a millionaire mindset I am running a free training webinar.   3 Steps To Success Money Management and Financial FREEDOM!I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich! Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment.https://bit.ly/3QPp8IHThis show was brought to you by Progressive Media

Following the Bank of England’s 13th base rate hike to 5%, we look at the current mortgage deals on offer for fixed rates, discounts, trackers and buy-to-let.Also in this Money Tips Podcast episode: Transferring buy-to-let property to a limited company without paying CGT and Stamp Duty Improving your returns using holiday lets or serviced accommodation (SA) Getting around George Osbourne’s Section 24 tax grab on buy-to-ley landlords See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA See also: Housing Market in DEEP Trouble: https://youtu.be/USGREwntT1IInterest Rates Will Rise, Property Prices Will Fall And Opportunities Will Open Up:https://www.youtube.com/watch?v=ziTf2jOagB8&t=179s How To Develop A Millionaire MindsetI want to show you exactly how you can: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? Develop a millionaire mindset To help you, I am running a free training webinar.  3 Steps To Success Money Management and Financial FREEDOM!I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset – which is not about buying flashy things and looking rich! Join me online on my free live money management training Wednesday at 8.00PM. Places are limited, so register now below to avoid disappointment.https://bit.ly/3QPp8IH #interestrates #property #mortgages #remortgage #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth   #bankofengland #inflation #money  #housingmarket #propertycrash #section24 #GeorgeOsbourne #taxrise #millionaire #millionairemindset #andrewbailey #blackwednesday #georgesoros #andrewtateThis show was brought to you by Progressive Media

The housing market is heading for serious trouble in the UK, US and many other countries as the worldwide economy slows. I think house prices will continue to fall, especially with higher interest rates on the way. More bad news to come - FT reported rising Bond yields today and food prices are set to rise again following the destruction of the dam on Ukraine which has flooded and destroyed wheat fields.   Buy to lets deals just don’t add up anymore with higher rates. I’ve been offered properties which have great yields and would’ve looked amazing with lower interest rates. But when you look at the deal in light of 5% or 6% interest rates on an interest only mortgage the rent barely covers the payments.  I’m also hearing from landlords who are selling because they are higher rate taxpayers.  Higher interest rates, together with George Osborne is helpful tax changes have made their existing buy to let property unviable. This show was brought to you by Progressive Media

Join me online on my free live money management training Wednesday at 8.00PM. Click link to register - https://bit.ly/3QPp8IH Interview with mortgage broker Mitesh Manek. linkedin.com/in/mitesh-manek-30970232 Watch full videos - https://youtu.be/yviUSBde_L4 https://youtu.be/dcvfdS5ugao See also:  Watch More Mortgage Misery For Property Buyers As Bank Raise Rates Again:  https://youtu.be/BNe5eV37iiM Interest Rates Will Rise, Property Prices Will Fall And Opportunities Will Open Up:  https://www.youtube.com/watch?v=ziTf2jOagB8&t=179s What is your biggest money worry? I want to show you how you can: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #interestrates #property #mortgages #remortgage #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth  #bankofengland #inflation #money #claddingThis show was brought to you by Progressive Media

Part 5 of the 5-day challenge to learn how to get control of your finances and spending in 28 days, and become financially free. Get Started Today - https://bit.ly/3KY9CJA #money #moneymanagement #financialfreedom #savemoney #spending #finance #REVIEWFINANCESSee omnystudio.com/listener for privacy information.

Part 4 of the 5-day challenge to learn how to get control of your finances and spending in 28 days, and become financially free. Get Started Today - https://bit.ly/3KY9CJA #money #moneymanagement #financialfreedom #savemoney #spending #finance #REVIEWFINANCESSee omnystudio.com/listener for privacy information.

Part 3 of the 5-day challenge to learn how to get control of your finances and spending in 28 days. Learn more - https://youtu.be/uAREkaOI4e4 #money #moneymanagement #financialfreedom #savemoney #spendingSee omnystudio.com/listener for privacy information.

Part 2 of the 5-day challenge…Learn how to get control of your finances and spending in 28 days. Learn more - https://youtu.be/uAREkaOI4e4 #money #moneymanagement #financialfreedom #savemoney #spendingSee omnystudio.com/listener for privacy information.

Part 1 of the 5-day challenge to learn how to get control of your finances and spending in 28 days. Learn more - https://youtu.be/uAREkaOI4e4 #money #moneymanagement #financialfreedom #savemoney #spendingSee omnystudio.com/listener for privacy information.

The UK rental market is set to undergo a significant transformation with the recent publication of the Renters Reform Bill. This proposed legislation aims to strengthen the rights of tenants while limiting the power wielded by landlords. With the increasing demand for affordable and secure housing, the bill seeks to create a fairer and more balanced rental sector.  Let's summarise some of the key provisions outlined in the bill that will impact both tenants and landlords: Section 21 ‘no fault’ evictions to be abolished. The end of section 21 “no fault” evictions, meaning a landlord will only be ‘allowed’ to evict a tenant if they have a “reason”, e.g. antisocial behaviour, unpaid rent, or a need to sell the property A new ombudsman to resolve disputes between tenants and landlords A new property portal that landlords MUST register with, allowing tenants to view information about their landlord before signing a tenancy agreement Tenants to be given the legal right to request a pet, such as a dog or cat, in “their” home A new Decent Homes Standard that will set minimum standards for the quality of housing Blanket ban on benefit tenants to be abolished. Will be illegal for landlords and agents to have blanket bans on renting to tenants in receipt of state benefits.  The Bill will become law after passing through the commons and House of Lords where it will be debated and scrutinised by MP’s and Lords. The opposition Labour Party largely support the tougher legislation and the also government has majority in parliament. See also:  Interest Rates Will Rise, Property Prices Will Fall And Opportunities Will Open Up  Misery For Mortgage Holders As UK Interest Rates Rise AGAIN - https://youtu.be/BNe5eV37iiM What is your biggest money worry? I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #interestrates #property #mortgages #remortgage #firsttimebuyer #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealthSee omnystudio.com/listener for privacy information.

This week the price of gold reached an all time high of $2081, amid US bank failures and quarter percent interest rate hikes from the Federal Reserve and ECB. Join me online on my free live money management training. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH Investors sought safety as another US bank faces collapse following the rescues of First Republic Bank by JP Morgan. Shares in California-based PacWest bank tumbled by 50% and Western Alliance also plunged by almost 40%, as depositors lost confidence.  Watch video version - https://youtu.be/Glb75nkR0rw Shares in several US regional banks have plummeted causing the collapse of Silicon Valley Bank, while the regulators appeared to limit support to the major banks. This has caused a mass transfer of depositor funds to the safety of a big banks putting the whole regional bank system at risk. The Bank of England is expected to follow the Fed and ECB and raise UK base rates this month pouring more misery on borrower and driving the economy into official recession. See: Interest Rates Will Rise, Property Prices Will Fall And Opportunities Will Open Up - https://www.youtube.com/watch?v=ziTf2jOagB8&t=179s Is gold a safe investment? Will property prices fall? What is your biggest money worry? We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #interestrates #property #mortgages #remortgage #firsttimebuyer #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth #blackstoneSee omnystudio.com/listener for privacy information.

Bank of England follow Fed and ECB with twelfth successive interest rate rise by 0.25% to 4.5%. Mortgage rates are of much higher than the base rate with some borrowers seeing their payments double after their fixed-rate deals have expired. Average inflation recently jumped back over 10%, but mortgage costs, rent, food and energy costs have risen by far more. The Banks’ governor Andrew Bailey expects inflation to start going down this year as wholesale energy costs filter through to consumers. Will property prices keep falling? Should you get out of stocks? Official inflation rate stands at 10.1% - five times the target rate. Food inflation is 19% according to official figures. Watch full video - https://youtu.be/BNe5eV37iiM See also:  Interest Rates Will Rise, Property Prices Will Fall And Opportunities Will Open Up  What is your biggest money worry? I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #interestrates #property #mortgages #remortgage #firsttimebuyer #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth   #bankofengland #inflation #money #FED #ECB See omnystudio.com/listener for privacy information.

This week the price of gold reached an all time high of $2081, amid US bank failures and quarter percent interest rate hikes from the Federal Reserve and ECB. Join me online on my free live money management training. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH Investors sought safety as another US bank faces collapse following the rescues of First Republic Bank by JP Morgan. Shares in California-based PacWest bank tumbled by 50% and Western Alliance also plunged by almost 40%, as depositors lost confidence.  Shares in several US regional banks have plummeted causing the collapse of Silicon Valley Bank, while the regulators appeared to limit support to the major banks. This has caused a mass transfer of depositor funds to the safety of a big banks putting the whole regional bank system at risk. The Bank of England is expected to follow the Fed and ECB and raise UK base rates this month pouring more misery on borrower and driving the economy into official recession. See: Interest Rates Will Rise, Property Prices Will Fall And Opportunities Will Open Up - https://www.youtube.com/watch?v=ziTf2jOagB8&t=179s Is gold a safe investment? Will property prices fall? What is your biggest money worry? Watch video version https://youtu.be/ziTf2jOagB8 We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #interestrates #property #mortgages #remortgage #firsttimebuyer #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth #blackstone #bankofengland #fed #money #gold #goldprice See omnystudio.com/listener for privacy information.

The Bank of England (BoE) and Federal Reserve have hinted that further rate rises are on the cards in order to tame rising inflation. Join me online on my free live money management training. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH Today’s Podcast Summary Wholesale market rates point to a rate rise.  Inflation in the UK is currently 10.1%. The BoE inflation target rate is 2%! What do you think the BoE are going to do? This will officially put the economy into recession, cause property prices to fall and more homeowners lose their houses through repossession. Do they care? RICS report predicts a fall in property prices of around 5%. Opportunities for first time buyers and property investors as prices fall. Blackstone have just raised $30 billion to buy property. What is your biggest money worry? Watch video version https://youtu.be/ziTf2jOagB8 We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #interestrates #property #mortgages #remortgage #firsttimebuyer #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth #blackstone #bankofengland #fed #rich #moneySee omnystudio.com/listener for privacy information.

The Institute for Fiscal Studies (IFS) is planning a comprehensive pensions review following research which highlighted concerns about the "substantial risks" facing future generations of pensioners.  Watch video - https://youtu.be/_7_cd2UWUEg Summary The Institute for Fiscal Studies (IFS) has announced plans for a comprehensive pensions review. The multi-year review will examine the effects of changing economic conditions and public policies on the future of financial security in retirement, including how these effects differ by gender, ethnicity and across the UK. The review will also consider the impact of changing demographics and longevity trends, as well as the impact on self-employed workers. Reports will be shared over the next two years, with concrete recommendations and options for reform to be presented in Summer 2025. IFS research revealed that 60% of middle-earning private sector employees who are contributing to a pension are saving less than 8% of their earnings. Additionally, nearly 90% are saving less than the 15% of earnings previously recommended by Lord Turner’s Pensions Commission. The review will also consider the risk facing future generations of pensioners and the risk that too many are saving too little for retirement. The Pensions Regulator welcomed the plans for the review and will support the development of industry-led solutions to help ensure people have financial security in retirement. Here are seven ways to retire financially free: Start Saving Early: The earlier you start saving for retirement, the more time your money has to grow. You can use tax-advantaged retirement accounts/plans to maximize your savings potential. Live Below Your Means: Live a modest lifestyle and avoid overspending on unnecessary items. Create a budget and stick to it, and consider downsizing or relocating to a lower cost of living area. Invest Wisely: Invest your money wisely in a diversified portfolio of stocks, bonds, and other assets. Consider consulting with a financial advisor to help you create an investment strategy that aligns with your risk tolerance and goals. Maximize Your Income: Consider ways to increase your income, such as taking on a side job or starting a small business. Maximize your earning potential by developing new skills, pursuing advanced education, or seeking a higher-paying job. Pay Off Debt: Avoid carrying high-interest debt, such as credit card debt, into retirement. Pay off your debts as soon as possible to reduce your financial obligations and free up money for savings. Plan for Healthcare Costs: Healthcare costs can be a significant expense in retirement. Consider purchasing long-term care insurance or a supplemental health insurance policy to help cover these costs. Have a Retirement Plan: Develop a retirement plan that takes into account your goals, income, and savings. Monitor your plan regularly and make adjustments as needed to ensure that you stay on track to meet your retirement goals.   Millions of people have lost faith in the complex and muddled pensions system, preferring to do their own thing by investing in things like buy-to-let property, business or trading directly on the stock market. Whilst this can work for some, ignoring the many benefits of pension investing, such as tax relief, carries risk. Need help with your money? We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #interestrates #property #mortgages #remortgage #firsttimebuyer #mortgagerates #homebuyers  #housepricefall #finance #moneytraining #moneymanagement #wealth #money #buytolet #rentalproperty #pensions #IFSpensionreview #maxwell #definedcontributionpensionSee omnystudio.com/listener for privacy information.

Residential rents in the capital soar by almost 20% as workers return to the city.     London Mayor Khan wants the government to give him powers to impose a cap on rents, but is that the answer or will more regulation exacerbate the shortage of available rental properties?   Tens of thousands of landlords are quitting the market and estate agents Knight Frank estimated that 144,000 landlords have retired in the last year.    See 85,000 UK Landlords have quit the rental market - https://youtu.be/NME3nEu8dAQ  Furthermore, higher interest rates and mortgage restrictions have rendered many buy-to-let property deals unviable.    Buy-to-let landlords have had to contend with higher taxes, and more red tape in the last few years, prompting many to look for alternative business opportunities.    There are signs that the government may be getting the message.   According to as yet unsubstantiated rumours, the government may be pushing back its planned introduction of tighter EPC requirements.    However, the abolition of Sec 21 no fault evictions looks like it is going ahead, despite the fact that there is no workable replacement.     With a pending recession and higher interest rates, house prices have slumped by more than 4% from that peak, according to March's figures from the Nationwide Building Society. Prices have fallen for five consecutive months as the Bank of England struggles to control inflation. Does this mean there will be a 2008-style crash? Much depends on government moves to balance the economy, as no Prime Minister wants to face a general election during a property crash. If you would like to know more about property, money, management and wealth building tips, I’m running a free webinar this week on Wednesday evening at 8 pm.    Need help with your money, finances or debt? We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #interestrates #property #mortgages #remortgage #firsttimebuyer #mortgagerates #homebuyers  #housepricefall #finance #moneytraining #moneymanagement #wealth #money #EPC #buytolet #rentalproperty #Section21See omnystudio.com/listener for privacy information.

Last week, the Bank of England announced an interest rate hike of 0.25%, which will have a significant impact on the UK property market. The change will impact mortgages, remortgages, and first-time buyers, and it comes just in time for the last day of the Help to Buy scheme. Join me online on my free live training Wednesday at 8.00PM. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH Money Tips Podcast guest, Miriam Nawagamuwa CeMAP, Mortgage and Protection Advisor with Larkin Financial Services Ltd gives her expert views on the mortgage market. Fixed-rate mortgages will remain unaffected by the interest rate hike, which is good news for those who have locked in their mortgage rates for a fixed period. However, for those who are looking to remortgage, this could mean an increase in monthly payments. Watch YouTube Video Podcast Version: https://youtu.be/iRrL3GRY3-8 The Bank of England's interest rate hike is a response to rising inflation, which has been fuelled by increasing energy costs and supply chain disruptions caused by the pandemic. The aim is to curb inflation and stabilize the economy, but the move could also affect property prices. The Nationwide just announced the largest fall in house prices since 2009 and said that prices were down 3.1% on March 2022. Higher interest rates mean that mortgages will become more expensive, which could lead to a decrease in demand for properties. This could result in a slowdown in the property market, as potential buyers may become more cautious about making big financial decisions. The end of the Help to Buy scheme is also significant for first-time buyers. The scheme has helped many people get onto the property ladder by offering government-backed equity loans. From the 1st of April 2023, the scheme will come to an end, which means that first-time buyers may find it harder to get on the property ladder. One alternative option for first-time buyers is the Lifetime ISA, which is a tax-free savings account that can be used to buy a first home or used after age 60 for retirement. The account allows savers to put away up to £4,000 per year, and the government will top up the account with a 25% bonus - £1,000. In summary, the Bank of England's interest rate hike will impact the UK property market in several ways. Fixed-rate mortgages will remain unaffected, but remortgages, tracker and variable rate mortgages, as well as first-time buyers will be hit.  The end of the Help to Buy scheme could also make it harder for first-time buyers to get onto the property ladder. As always, it's essential to seek professional advice before making any financial decisions in the current climate. Need more help with your money, finances or debt? We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #interestrates #property #mortgages #fixedratemortgage #remortgage #firsttimebuyer #helptobuy #mortgagerates #homebuyers #LifetimeISA #variableratemortgage #trackerratemortgageSee omnystudio.com/listener for privacy information.

This week, both the Federal Reserve in the United States and the Bank of England have announced a 0.25% interest rate hike. This move comes in response to rising inflation and a strengthening economy. While interest rate hikes may be good news for savers, they can also have a significant impact on the mortgage and property market. One of the most immediate impacts of the interest rate hike will be on fixed-rate mortgages. These mortgages are often preferred by buyers because they provide a predictable monthly payment over the life of the loan. However, when interest rates rise, the cost of borrowing increases, which means that fixed-rate mortgages will become more expensive. This may make it more difficult for some buyers to qualify for a mortgage, or force them to adjust their budget to afford a higher monthly payment. The interest rate hike could also impact the demand for homes. As the cost of borrowing increases, some buyers may decide to hold off on purchasing a home or look for a less expensive property. This could lead to a slowdown in the housing market, which could ultimately impact property values. In addition, rising interest rates can also impact the rental market. As the cost of borrowing increases, landlords may have to raise their rents to cover their increased expenses. This could make it more difficult for renters to find affordable housing. On the other hand, rising interest rates could be good news for savers. As banks and other financial institutions increase their interest rates, savers may be able to earn a higher return on their savings. This could encourage more people to save, which could ultimately help to strengthen the economy. Inflation is another factor to consider when thinking about the impact of interest rate hikes. As the cost of borrowing increases, so too does the cost of goods and services. This can lead to higher inflation, which can ultimately impact the economy. However, by raising interest rates, the Federal Reserve and the Bank of England are trying to keep inflation in check and prevent it from spiralling out of control. In conclusion, the interest rate hikes announced by the Federal Reserve and the Bank of England this week are likely to have a significant impact on the mortgage and property market. While fixed-rate mortgages will become more expensive, savers may be able to earn a higher return on their savings. The demand for homes may also slow down, which could impact property values and the rental market. As always, it is important to monitor the situation and adjust your financial plan accordingly. Need more help with your money, finances or debt? We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #money #savings #invest #costoflivingcrisis #inflation #freetraining #recession #economy #financialfreedom #moneymanagement #moneymakingideasSee omnystudio.com/listener for privacy information.

Another bank bailed out while Paris burns. 3 Steps To Success Money Management! Join me online on my free live training Wednesday at 8.00PM. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH As expected, Jeremy Hunt’s first budget did little to excite investors and the property industry. Watch YouTube video - https://youtu.be/igKUWeiF4W4 With the country still recovering from the events of the last two years and massive Government debt there was not much money to give away in this budget. Chancellors usually save that for a pre-election budget! Jeremy Hunt highlighted concerns about the banking sector, following the collapse of America’s Silicon Valley Bank, Signature Bank and a further bailout by the US banks, but reassured us that the UK banking industry is safe. European Central Bank supervisors see no contagion for euro zone banks from recent sector turmoil, a source said on Friday, after U.S. lenders threw First Republic Bank a $30 billion lifeline and tapped record amounts from the Federal Reserve. Large U.S. banks on Thursday were forced to rescue the San Francisco-based lender, which was caught up in market volatility triggered by the collapse of two other mid-size U.S. banks. This week, Credit Suisse went ‘cap in hand’ to the central for an emergency bank loan of up to $54 billion to shore up its liquidity – banking terms for having no money! The National Residential Landlords Association described it as a missed opportunity to tackle the supply crisis in the private rented sector and the Royal Institution of Chartered Surveyors (RICS) said it was disappointed by the lack of housing ambition in the budget. However, the Chancellor did announce 12 new Investment Zones across the UK and relaxed Immigration Rules to help the construction industry cope with staff shortages. Most of us will be paying more tax  in the coming years due to the ‘fiscal drag’ caused by tax allowances not rising in line with inflation each year. Here’s a summary of the main points, but you can read the full budget speech at the commons library - https://commonslibrary.parliament.uk/research-briefings/cbp-9748/ Budget main points Energy cap limiting typical household energy bills to £2,500 a year extended to June  £200m to bring energy charges for prepayment meters into line with prices for customers paying by direct debit - affects 4m households Lifetime Allowance – the cap on amount workers can accumulate in pensions savings over their lifetime before having to pay extra tax (currently £1.07m) to be abolished Tax-free yearly allowance for pension pot to rise from £40,000 to £60,000  The 5p cut to fuel duty on petrol and diesel, due to end in April, kept for another year Office for Budget Responsibility (OBR) predicts the UK will avoid recession in 2023, but the economy will shrink by 0.2%? Economy shrinking but not in recession! Growth of 1.8% predicted for next year, with 2.5% in 2025 and 2.1% in 2026 UK's inflation rate predicted to fall to 2.9% by the end of this year, down from 10.7% in the last three months of 2022 Underlying debt forecast to be 92.4% of GDP this year, rising to 93.7% in 2024 Corporation tax, paid by businesses on taxable profits over £250,000, confirmed to increase from 19% to 25% making the UK a less competitive place to invest Companies with profits between £50,000 and £250,000 to pay between 19% and 25% Companies able to deduct investment in new machinery and technology to lower their taxable profits Tax breaks and other benefits for 12 new Investment Zones across the UK, funded by £80m each over the next five years £200m this year to help local councils in England repair potholes £900m for new super computer facility, to help UK's AI industry 30 hours of free childcare for working parents in England expanded to cover one and two-year-olds, to be rolled out in stages from April 2024 A £600 "incentive payments" for those becoming childminders, and relaxed rules in England to let childminders look after more children New fitness-to-work testing regime to qualify for health-related benefits New voluntary employment scheme for disabled people in England and Wales, called Universal Support Tougher requirements to look for work and increased job support for lead child carers on universal credit £63m for programmes to encourage retirees over 50 back to work, "returnerships" and skills boot camps Immigration rules to be relaxed for five roles in construction sector, to ease labour shortages Source: BBC News We are living in turbulent times. Need more help with your money, finances, or debt? I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to help you get control of your money, learn how to invest and become financially free.  Join me online on my free live training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #money #savings #invest #costoflivingcrisis #inflation #freetraining #recession #economy #financialfreedom #moneymanagement #moneymakingideas #mortgage #interestrates #property #budget  #franceriots #parisriots #pensionSee omnystudio.com/listener for privacy information.

The UK mortgage market is constantly evolving, with new economic factors shaping the landscape. As of the start of 2023, there are several notable updates to the UK mortgage market that potential buyers and homeowners should be aware of. Interview with Mortgage Advisor Miriam Nawagamuwa CeMAP   One of the biggest changes is the increase in interest rates. The Bank of England has been hiking its base rate since 2021 to 4%, the highest in 14 years. Mortgage rates have risen substantially, making borrowing more expensive. However, there are still competitive rates available for those with good credit scores and larger deposits or equity. In addition to interest rates, the UK mortgage market is also seeing increased competition among lenders. More and more online-only banks are entering the market, offering lower rates and faster application processes. This is good news for borrowers, given them more options to choose from when shopping for the best mortgage deal. Stricter lending and affordability checks have been introduced following the Financial Conduct Authority's (FCA) lending review in 2022. Mortgage lenders now consider borrowers' regular expenditure and other financial commitments when assessing affordability. In the past, banks lent based on a simple multiple of salary. The tough new criteria means that some borrowers may find it harder to secure a mortgage or re-mortgage, but ensures that lenders are lending responsibly and not overstretching borrowers.  The lending ‘stress test’ bar has also been raised on buy-to-let mortgages, pushing more investors into higher yielding HMO’s, holiday lets and serviced accommodation. Regulators do not want a repeat of the 2008 financial crisis largely caused by banks lending recklessly to borrowers with a poor credit history. Finally, the government's Help to Buy scheme will end in March 2023. This scheme allowed first-time buyers to purchase a home with just a 5% deposit, with the government providing a loan of up to 20% (or 40% in London) of the property value. Overall, the UK mortgage market is a complex and ever-changing landscape. It's essential for potential buyers and homeowners to keep up to date with the latest developments and to seek professional advice before making any significant financial decisions. With the right knowledge and support, it's possible to navigate the market and secure a mortgage that meets your needs and financial goals. How to contact Miriam: Miriam Nawagamuwa CeMAPMortgage and Protection AdvisorLarkin Financial Services [email protected]://www.larkinfinancial.co.uk Need more help with your money, finances, or debt? I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #money #savings #invest #costoflivingcrisis #inflation #freetraining #recession #economy #financialfreedom #moneymanagement #moneymakingideas #recurringincome #bankfailure #siliconvalleybankSee omnystudio.com/listener for privacy information.

US regulators have taken control of Silicon Valley Bank (SVB) as a liquidity crisis caused the biggest bank failure since the 2008 Crisis. Join me online on my free live training Wednesday at 8.00PM - register now below to avoid disappointment https://bit.ly/3QPp8IH The Bank of England said depositors in the UK arm of SVB will be protected up to £85,000 and the US regulators protect depositors up to $250,000. This will not help firms like Roku which is reported to have had $487 million in SVB.  Here in the UK, the media is concentrating on more important issues than the failure of America’s 16th largest bank, Gary Lineker! The MOTD football presenter, who is paid in excess of £1,000,000 a year for his weekly show, was suspended by the BBC this week after tweeting remarks about the government’s migrant policy. Several other presenters have walked out in sympathy with Lineker wrecking the BBC’s weekend football schedule. The demise of SVB, which started in 1983 and employs 8500 people, is a sign that higher interest rates and the Fed’s QT policy is starting to bite the economy and that we are not out of the woods. Key Lessons: Don’t leave all your eggs in one bank basket. Who knows where your cash is really safe in times of financial crisis? Be more financially aware. Learn more about money and how to manage your finances. Need more help with your money, finances or debt? We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #money #savings #invest #costoflivingcrisis #inflation #freetraining #recession #economy #financialfreedom #moneymanagement #moneymakingideas #recurringincome #bankfailure #siliconvalleybank #garylineker #football #MOTD #bankcrisisSee omnystudio.com/listener for privacy information.

In these times of economic  uncertainty and turmoil, Money Tips looks at ways to generate and earn recurring income streams. Rent out property or equipment Invest in dividend-paying stocks or funds Create and sell a product or service on a subscription basis Offer consulting or coaching services Create and sell an online course or e-book Develop and sell a mobile app or website Invest in a franchise or cash flowing business Become an affiliate marketer selling other people’s products Create and sell a physical or digital product on a recurring basis Build and monetize a YouTube or social media following. Need more help with your money, finances or debt? We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success In Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #money #savings #invest #costoflivingcrisis #inflation #freetraining #recession #economy #financialfreedom #moneymanagement #governmenttraining #recruitmentSee omnystudio.com/listener for privacy information.

Set financial goals: Start by setting clear and specific financial goals for yourself, whether it's paying off debt, saving for a down payment on a house, or building an emergency fund. Make a budget: Creating a budget is a crucial step in managing your money. Determine your income and expenses, and make sure you are living within your means. Track your spending: Keep track of your spending by writing down all of your expenses, and review your spending regularly to identify areas where you can cut back. Save for emergencies: An emergency fund is a must-have for anyone looking to manage their money effectively. It will provide a financial safety net in case of unexpected expenses or loss of income. Reduce debt: High-interest debt, such as credit card debt, can be a major burden on your finances. Create a plan to pay off your debt as quickly as possible. Invest wisely: Investing can help you grow your wealth, but it's important to be smart about it. Do your research and invest in assets that align with your goals and risk tolerance. Take advantage of employer benefits: Many employers offer benefits such as 401(k) matching, health savings accounts, and flexible spending accounts. Take advantage of these programs to help you save money and manage your finances. Shop around: Whether you're buying groceries, clothes or any other item, it's important to shop around for the best deals. Compare prices from different retailers and online marketplaces to ensure you're getting the best value for your money. Consider a financial advisor: A financial advisor can help you create a financial plan that is tailored to your specific needs and goals. They can also provide valuable advice and guidance on investment and retirement planning. Keep learning: Managing your money is an ongoing process, and it's important to stay informed and educated about personal finance. Read books, articles, and blogs on the subject, and attend financial workshops or seminars to continue learning and growing your knowledge. Need more help with your finances or debt? We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #money #savings #invest #costoflivingcrisis #inflation #freetraining #recession #economy #financialfreedom #moneymanagement #governmenttraining #recruitmentSee omnystudio.com/listener for privacy information.

Property prices are tumbling in the US, Germany, Sweden, Denmark and the UK. Higher interest rates and borrowing costs are hitting the property market across the globe. The FT reports that there will be a global property meltdown this year, especially in overheated markets like Canada and New Zealand. The property market in China is now at the slowest pace since records began in 1992 – down 26% last year. Home prices in several US cities are crashing, following a recording boom from 2020-22, including Houston, Sacramento and Las Vegas.  The cost of a 30-year fixed rate mortgage hit 7% recently, more than double the rate in 2022 and the highest since 2008. Mortgage demand in the US is at its lowest for 25 years and house sales fell by a quarter last year. Denmark has suffered the biggest fall in a decade, where house prices fell 3.8% in the third quarter of 2022 despite an interest rate of 1.75%, according to Yahoo Finance. In neighbouring Sweden, house prices have crashed by 20% in the last five months, says Yahoo. Prices have fallen for the fifth consecutive month in the UK, where fixed mortgage rates reached 6% last year pushing affordability beyond the reach of average buyers. Average property prices are close to ten times average incomes and much higher in parts of London and the south east of England. Renters are also leaving London in droves to escape unaffordable rents and in search of cheaper properties to buy. The Bank of England increased base lending rates by 0.5% last week to 3.5% in a bid to control the inflation their actions largely caused. UK mortgage rates fall below 4% Virgin and HSBC are offering fixed rates at 3.00% as lenders slash rates to stimulate demand. However, the headline rates required a 40% deposit and are usually for residential mortgages as opposed to buy-to-let loans. Experts believe the property market will fall this year, but not at the same rate as in Sweden and Denmark.  Despite demand for housing in the UK, prices in popular areas are unaffordable and will have to come down unless the market simply stagnates. Transactions are down by 30% and buyer enquiries are at the lowest level since 2008 (excluding 2020). Like the overheated stock markets, property markets regularly go through a 10-12-year boom and bust cycle. The current boom has been fuelled by an unsustainable central bank money printing on an industrial scale since the 2008 financial crash. Happy Valentines Day! Learn more about getting control of your finances using my 3-Step Money Management Formula on my free training webinar.  If you’re struggling or worrying right now, I want to show you: 3 Steps to get control of your finances and spending and not only survive, but thrive in a recession or depression? Join me online on my free live training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. Act now and take advantage of this limited time offer. https://bit.ly/3QPp8IH #money #savings #invest #costoflivingcrisis #inflation #freetraining #recession #economy #financialfreedom #property #interestrates #propertyprices #houseprices #housingmarket #interestratesSee omnystudio.com/listener for privacy information.

Exploring the Power of Hypnotherapy and NLP with Anxiety Expert Gavin Rubenstein Watch video - https://youtu.be/cB9PhKZfjUk To contact Gavin visit - www.gmrhypnotherapy.com Learn more about getting control of your finances using my 3-Step Money Management Formula on my free training webinar.  If you’re struggling or worrying right now, I want to show you: 3 Steps to get control of your finances and spending and not only survive, but thrive in a recession or depression? Join me online on my free live training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. Act now and take advantage of this limited time offer. https://bit.ly/3QPp8IH #money #savings #invest #costoflivingcrisis #inflation #freetraining #recession #economy #financialfreedom #property #interestrates #hypnotherapy #NLP #anxiety See omnystudio.com/listener for privacy information.

The Whitney Houston biopic, ‘I Wanna Dance With Somebody’, shows how making money and getting rich are not enough to stay rich. For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  Whitney Houston was the biggest female star of her time selling millions of records and selling out shows all over the world, but nearly went broke because left the management of her financial affairs to her Father who frittered millions of dollars away on private jets, hangers on and high living.  Many other stars have made and lost a fortune, which I talk about in my books. It’s a lesson for all of us. It doesn’t matter how much money you make, you will never be financially free without proper money management. Learn how to manage your finances in 28 days, without pain. In my S.M.A.R.T MONEY course I teach five principles of managing and making money. For more information see my free Master Your Money the S.M.A.R.T Way training. Check it out - https://bit.ly/3isugCr.  #money #business #whitneyhouston #iwannadancewithsomebody #moneymanagement #smartmoney #freemoneytraining #financialfreedom #getrich #stayrich #moneycanyouhappiness See omnystudio.com/listener for privacy information.

The average house price in the UK fell for the fourth month in a row in December as prices plummeted by 1.5% compared to November - the average house price is now £281,272, according to Halifax. For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  December's decline was not as high the 2.4% drop in November. Annually, house prices grew by just 2% compared with December 2021 - down from 4.6% annual increase recorded in November – and the slowest rise since October 2019 when prices were going up by 1.1%. Mortgage approvals unsurprisingly declined to their lowest level in two years as interest rate rises deterred buyers, new Bank of England figures find. Mortgage approval lending slumped to just 46,000 in November, down from under 58,000 in October, the BOE reports. Home-buyers and buy-to-let investors were put off by a massive rise in mortgage interest rates following a succession of base rate hikes designed to curb soaring inflation. Rates have gone up nine times since December 2021 to 3.5%, the highest level in 14 years.  The average 5-year fixed rate mortgage rate recently reached just under 6% hitting 100,000 per month with higher payments of up to three times their previously deal. Economists and experts have predicted that already depressed house prices could further fall by up anything from 10% to 20% in 2023. Bank of England figures also reveal that people are borrowing more on credit cards - up by £1.2bn - as cost of living pressures continue to hammer household and business budgets. Despite higher rates, householders increased mortgage borrowing against their homes by an additional £4.4bn in November. UPDATE ON MTD Good news for business. Making Tax Digital and quarterly reporting bureaucracy changes for self-employed will be postponed for two years until 2026, HMRC has announced. See also: See My UK Property Predictions For 2023 – Where Is The Housing And Rental Market Going? Watch video on my YouTube channel - https://youtu.be/ekDrJUZ6pUg Toronto Property Market Explained By Luc Lising One Of Canada’s Top Realtors  - Watch full video interview - https://youtu.be/lldv5gL1GaQ What Are You Doing Today To Make Your Life Better Tomorrow?  Watch video version on my YouTube channel - https://youtu.be/G8_SKQgGisI The UK Prime Minister Rishi Sunak wants to force children to study mathematics until 18, but they should be teaching them about finance, mortgages, investing and pensions.  For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  #property #rentalmarket #finance #financialfreedom #freefinancialtraining #freetraining #money #wealth #landlord #buytoletlandlord #property #goals #plans #interestrates #mentor #canadapropertymarket #GTApropertymarket #torontoproperty #luclising #filipinocanadian The Bank of England has increased rates nine times since December 2021 to try to dampen the rate of price rises, also known as inflation. Interest rates are currently 3.5%, the highest level in 14 years.See omnystudio.com/listener for privacy information.

For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  In this exclusive interview with 22-year-old Canadian-Filipino Luc covers: Why buying in a property downturn is the best time for opportunities. The advantages of buying off-plan new build condos in the GTA. Government ban foreign property investors. What you MUST do to be successful. The importance of having a mentor. Don’t meditate on work, just work! Simple businesses that work! Watch full video interview - https://youtu.be/lldv5gL1GaQ The UK housing market will shrink - but not necessarily crash - next year, industry experts agree, as the government fights recession and higher mortgage rates. House prices have been dropping month-on-month with average prices down 2.3% in November from October – the most since the start of the financial crash in 2008 – according to Halifax. See My UK Property Predictions For 2023 – Where Is The Housing And Rental Market Going? Watch video on my YouTube channel - https://youtu.be/ekDrJUZ6pUg #property #rentalmarket #finance #financialfreedom #freefinancialtraining #freetraining #money #wealth #landlord #buytoletlandlord #property #goals #plans #interestrates #mentor #canadapropertymarket #GTApropertymarket #torontoproperty #luclising #filipinocanadianSee omnystudio.com/listener for privacy information.

With some forecasters warning of somewhere between a depression and Armageddon, here are my thoughts on the UK housing market. For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  The UK housing market will shrink - but not necessarily crash - next year, industry experts agree, as the government fights recession and higher mortgage rates. House prices have been dropping month-on-month with average prices down 2.3% in November from October – the most since the start of the financial crash in 2008 – according to Halifax. Watch video on my YouTube channel - https://youtu.be/ekDrJUZ6pUg Price growth will decline in 2023 as soaring inflation hits the economy and forces interest rates up. As the downturn intensifies, housing indicators are showing red with rates expected to go even higher and the UK goes into a long recession. The Bank of England is expected to raise interest rates into 2023 from 3.5% now to 4.75%, but there are signs that the rate of inflation is slowing. Higher interest rates will hit buy-to-let landlords and investors, as deals fail to stack up. Move from cities to the country is slowing, as more people move back to the office. Property experts forecast property price declines of 5% - 12% next year, although some warn of a crash by 15% to 20%.  Mortgage rates have since fallen back since the disastrous mini-budget in September to an average five-year fix at 5.6% according to Moneyfacts – still far higher than a year ago.  UK mortgage lenders expect to lend 23% less to homebuyers in 2023 following a two-year boom. UK Finance forecast gross mortgage lending for house purchases to decline to £131bn in 2023 from £171bn in 2022 and a peak of £189bn in 2021. Leading UK lenders have met with government officials to discuss measures to ease the burden on around 90,000 people in mortgage arrears, the FT reports. Property sales are set to drop to 1.01m next year from 1.27m in 2022. Savills warns of a severe drop in transactions, to 870,000, and a 10% fall in house prices in 2023. Estate agents Jones Lang LaSalle forecasts a 6% drop in house prices next year. Both firms expect a 1% price growth in 2024, as interest rates fall back and inflation cools. The Nationwide expects a “modest decline” or “soft landing” in house prices next year, but lenders seldom talk of a property crash. The lender said 85% of mortgage balances are currently on fixed interest rates. The Bank of England said 4m households face higher mortgage payments next year. Typical payments could rise by £250 to £1,000 a month causing severe financial difficulties for 220,000 households. Capital Economics’ central forecast is for house prices to fall by 12% by the end of 2023, but Andrew Wishart, senior economist at the consultancy, said in a worst-case scenario prices could plummet by up to 20%. “The initial drop in house prices has been sharper than in the financial crisis or the early 90s, “For affordability to return to a sustainable level by the end of 2023, when we think mortgage rates will still be around 5%, the average house price would have to drop by 20%.  On the other hand, were market and mortgage interest rates to drop faster than we expect, that would limit the fall in prices.” Rent prices have surged to record levels due to a shortage of properties to rent and growing demand, as well as a slowing buy-to-let market and many first-time buyers are opting to rent in the hope of lower mortgage rates in 2023/24. Some 85,000 landlords have quit the buy-to-let market in the last 5 years.  See my Money Tips Podcast video - https://youtu.be/NME3nEu8dAQ UK private rents jumped by 4% in November, the highest since records began in 2016, official figures showed. Savills forecasts rental growth rising to 6.5% before slowing to 4% in 2024. Globally, many markets seem overheated and, in a bubble, – Sydney and Auckland for instance.  China’s property market boom appears to be over with a 20% decline. In my next episode, I will be talking to one of Toronto’s leading realtors about his housing predictions for 2023. As with all economic forecasts, much depends on government action and the prevailing winds of the economy, but more rests on your action in your U’conomy! Your goals for 2023 How was 2022 for you? Did you achieve your goals? What are your financial goals for 2023 and how do you plan to achieve them?  I wish you a happy and successful new year! For more tips and money-making ideas and coaching see Master Your Money the S.M.A.R.T Way training.   Check it out for free - https://bit.ly/3isugCr. #property #rentalmarket #finance #financialfreedom #freefinancialtraining #freetraining #money #wealth #landlord #buytoletlandlord #property #goals #plans #interestrates #bankofengland See omnystudio.com/listener for privacy information.

Interest rates rise again to highest level in 14 years pushing the economy and property market deeper into recession… For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  The three main Central banks raised interest this week, with the Bank of England hiking rates by .5% to 3.5%.Hey, do you think they might be colluding? 😊 Watch video version: https://youtu.be/WCmTLiUlra0 UK interest rates are now at the highest level for 14 years and it is the ninth time in a row that the Bank of England has put up base lending rates, despite a small fall in inflation to 10.7% in November.   The bank has set a ludicrous 2% target inflation rate but is using a sledgehammer to crack a nut.   The Federal reserve, ECB and Bank of England are hellbent on driving the world into recession in order to keep down inflation, which they caused with their money printing policies.  The Fed and Bank of England were both asleep at the wheel in 2008 which caused the financial crash. Taxpayers in the UK were forced to bail out their friends in the banks. Then they printed money with a stimulus on a scale never seen before in history, which, surprise surprise, has caused the highest level of inflation since the 1980s. Now they are aggressively raising interest rates and driving the economy into recession.   The Bank of England “predicted” that we were going to the worst recession on history, and then proceeded to make it happen. A self-fulfilling prophecy! Stock markets fell this week, crypto is in turmoil and property asking prices and dropping. We can’t do much about these faceless suits, but we can manage and grow our own economy. Like the Kenny Rogers song says: You’ve Gotta know when to hold ‘em, Know when to fold em, Know when to walk away, And know when to run! In other words, you need to understand how money and the markets work so you can make educated moves. Watch Video - https://youtu.be/WCmTLiUlra0 See also:   Transfer Property To A Limited Company WITHOUT Paying Capital Gains Tax or Stamp Duty Tax - https://youtu.be/mtGq7WaVx Making Tax Digital – MTD Means More Red Taper Ahead For Weary Landlords - https://youtu.be/mYhJSCbOGLE 10 Tips To Avoid Christmas Debt - https://youtu.be/n7vSK5LlONU The rich and successful have coaches and mentors, and never stop learning. For more tips and money-making ideas and coaching see Master Your Money the S.M.A.R.T Way training.   #tax #property #capitalgainstax #finance #financialfreedom #freefinancialtraining #freetraining #money #wealth #landlord #buytoletlandlord #property #makingtaxdigital #richhabits #successhabits #richpeople #wealth #debt #goals #plans #interestrates #cryptoSee omnystudio.com/listener for privacy information.

For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  These are the Rich Habits followed by the wealthy and successful people, and mentors, I have observed. They have a daily routine. They work hard, and smart. They wake up early. They read books. They keep learning. They are good listeners. They work out and exercise.  They eat well and stay healthy. They are disciplined in their lives. They manage their money. They make their money work hard for them. They manage their time. They believe time is money. They avoid procrastination. They avoid negative or toxic people. They are organised and dependable. They make time work for them rather than exchanging time for money. They value family and home life and spend quality time with the family. They are usually nice, personable or likeable people. They are generous, give back through ‘giving’ and charities. They have a strong magnetism, charisma and energy field. They have a relaxed, calm and self-assured manner or energy.  They are leaders in one form or another and lead by example. They get along with people and work well in or build a team around them.  They have strong values or a religious belief or faith or moral code of some kind.  They usually lead law abiding, moral lives, pay their taxes and deal honestly. They have congruency in their lives and live by their own beliefs and standards. They have a clear vision and always know exactly where they are going. They make sure that the people around them are aligned with that vision. They have clear primary long-term and short-term goals. They write down their goals and use tools such as vision boards. They back up their vision with action, clear goals, plans and habits. They have a plan is to reach their long-term vision and goals. They take the long-term perspective and are patient.  They are persistent, see things through and never give up. They invest in themselves and have a coach or a mentor. Do you have a vision for your life? Do you have clear, written goals and a plan for achieving them? Mind your business Your mind is your business! What are you putting into your mind? What are you feeding your mind? What books are you reading? How many books have you read this year? How are you investing in yourself? What podcasts are you listening to? What courses and learning are you taking? Who are you watching and listening to? Who are you surrounding yourself with? What do you understand by debt? Do you know the difference between a credit card and a debit card? Do you have a plan to get out of debt? Do you have a plan to build long-term wealth? Do you have a coach or mentor? See also:   Transfer Property To A Limited Company WITHOUT Paying Capital Gains Tax or Stamp Duty Tax - https://youtu.be/mtGq7WaVx Making Tax Digital – MTD Means More Red Taper Ahead For Weary Landlords - https://youtu.be/mYhJSCbOGLE 10 Tips To Avoid Christmas Debt - https://youtu.be/n7vSK5LlONU The rich and successful have coaches and mentors, and never stop learning. For more tips and money-making ideas and coaching see Master Your Money the S.M.A.R.T Way training.   #tax #property #capitalgainstax #finance #financialfreedom #freefinancialtraining #freetraining #money #wealth #landlord #buytoletlandlord #property #makingtaxdigital #richhabits #successhabits #richpeople #wealth #debt #goals #plansSee omnystudio.com/listener for privacy information.

For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  These are the Rich Habits followed by the wealthy and successful people, and mentors, I have observed. They have a daily routine. They work hard, and smart. They wake up early. They read books. They keep learning. They are good listeners. They work out and exercise.  They eat well and stay healthy. They are disciplined in their lives. They manage their money. They make their money work hard for them. They manage their time. They believe time is money. They avoid procrastination. They avoid negative or toxic people. They are organised and dependable. They make time work for them rather than exchanging time for money. They value family and home life and spend quality time with the family. They are usually nice, personable or likeable people. They are generous, give back through ‘giving’ and charities. They have a strong magnetism, charisma and energy field. They have a relaxed, calm and self-assured manner or energy.  They are leaders in one form or another and lead by example. They get along with people and work well in or build a team around them.  They have strong values or a religious belief or faith or moral code of some kind.  They usually lead law abiding, moral lives, pay their taxes and deal honestly. They have congruency in their lives and live by their own beliefs and standards. They have a clear vision and always know exactly where they are going. They make sure that the people around them are aligned with that vision. They have clear primary long-term and short-term goals. They write down their goals and use tools such as vision boards. They back up their vision with action, clear goals, plans and habits. They have a plan is to reach their long-term vision and goals. They take the long-term perspective and are patient.  They are persistent, see things through and never give up. They invest in themselves and have a coach or a mentor. Do you have a vision for your life? Do you have clear, written goals and a plan for achieving them? Mind your business Your mind is your business! What are you putting into your mind? What are you feeding your mind? What books are you reading? How many books have you read this year? How are you investing in yourself? What podcasts are you listening to? What courses and learning are you taking? Who are you watching and listening to? Who are you surrounding yourself with? What do you understand by debt? Do you know the difference between a credit card and a debit card? Do you have a plan to get out of debt? Do you have a plan to build long-term wealth? Do you have a coach or mentor? See also:   Transfer Property To A Limited Company WITHOUT Paying Capital Gains Tax or Stamp Duty Tax - https://youtu.be/mtGq7WaVx Making Tax Digital – MTD Means More Red Taper Ahead For Weary Landlords - https://youtu.be/mYhJSCbOGLE 10 Tips To Avoid Christmas Debt - https://youtu.be/n7vSK5LlONU The rich and successful have coaches and mentors, and never stop learning. For more tips and money-making ideas and coaching see Master Your Money the S.M.A.R.T Way training.   #tax #property #capitalgainstax #finance #financialfreedom #freefinancialtraining #freetraining #money #wealth #landlord #buytoletlandlord #property #makingtaxdigital #richhabits #successhabits #richpeople #wealth #debt #goals #plansSee omnystudio.com/listener for privacy information.

For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  These are the rich habits followed by the wealthy and successful people, and mentors, I have observed. They have a daily routine. They work hard, and smart. They wake up early. They read books. They keep learning. The are good listeners. They work out and exercise.  They eat well and stay healthy. They are disciplined in their lives. They manage their money. They make their money work hard for them. They manage their time. They believe time is money. They avoid procrastination. They avoid negative or toxic people. They are organised and dependable. They make time work for them rather than exchanging time for money. They value family and home life and spend quality time with the family. They are usually nice, personable or likeable people. They are generous, give back through ‘giving’ and charities. They have a strong magnetism, charisma and energy field. They have a relaxed, calm and self-assured manner or energy.  They are leaders in one form or another and lead by example. They get along with people and work well in or build a team around them.  They have strong values or a religious belief or faith or moral code of some kind.  They usually lead law abiding, moral lives, pay their taxes and deal honestly. They have congruency in their lives and live by their own beliefs and standards. They have a clear vision and always know exactly where they are going. They make sure that the people around them are aligned with that vision. They have clear primary long-term and short-term goals. They write down their goals and use tools such as vision boards. They back up their vision with action, clear goals, plans and habits. They have a plan is to reach their long-term vision and goals. They take the long-term perspective and are patient.  They are persistent, see things through and never give up. They invest in themselves and have a coach or a mentor. Do you have a vision for your life? Do you have clear, written goals and a plan for achieving them? Mind your business Your mind is your business! What are you putting into your mind? What are you feeding your mind? What books are you reading? How many books have you read this year? How are you investing in yourself? What podcasts are you listening to? What courses and learning are you taking? Who are you watching and listening to? Who are you surrounding yourself with? What do you understand by debt? Do you know the difference between a credit card and a debit card? Do you have a plan to get out of debt? Do you have a plan to build long-term wealth? Do you have a coach or mentor? See also:   Transfer Property To A Limited Company WITHOUT Paying Capital Gains Tax or Stamp Duty Tax - https://youtu.be/mtGq7WaVx Making Tax Digital – MTD Means More Red Taper Ahead For Weary Landlords - https://youtu.be/mYhJSCbOGLE 10 Tips To Avoid Christmas Debt - https://youtu.be/n7vSK5LlONU The rich and successful have coaches and mentors, and never stop learning. For more tips and money-making ideas and coaching see Master Your Money the S.M.A.R.T Way training.   #tax #property #capitalgainstax #finance #financialfreedom #freefinancialtraining #freetraining #money #wealth #landlord #buytoletlandlord #property #makingtaxdigital #richhabits #successhabits #richpeople #wealth #debt #goals #plansSee omnystudio.com/listener for privacy information.

For more tips and money-making ideas and coaching see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  UK house prices suffered their biggest drop in 14 years in November, falling by 2.3%, according to the largest mortgage lender The Halifax. At the same time, London rental prices have soared 17% or £273 per month in the last year. Other large regional cities have seen similar increases, including Manchester, up 15.6%, Birmingham (12.3%), Glasgow (14.1%), Bristol (12.9%) and Sheffield (2.4%). The average rent for new lets soared by £117 per month since last year, reaching £1,078 per calendar month. Rental growth now stands at 12% per year, twice the growth in earnings and accounting for over a third of average earnings for a single person. Spray Foam Loft Insulation Could Render Your Home “Worthless” The UK government giving out billions in grants to homeowners to cut energy costs – including installing insulation and even solar panels. But one type of insulation, spray foam, could make your home value go to “zero”, according to surveyors and property valuers for mortgages. BBC reported that one couple had their property valued at “zero” by a lender’s surveyor due to spray foam in the loft. For more tips and money-making ideas and coaching see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr. See omnystudio.com/listener for privacy information.

For more tips and money-making ideas see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  Landlords with more than three properties held in their personal name, or paying higher rate tax, should consider moving their property into a limited company to save tax. Using a company structure can also help you pass property onto children while mitigating the inheritance tax burden. It has been 5 years since George Osborne introduced his Sec 24 tax changes, penalising millions of buy-to-let landlords, but you can do something to legally avoid the ‘Osborne gut punch’.  The process is complex, legal and requires specialist advice. Landlords will incur fees, but the savings more than outweigh the costs. With the right advice you can legally create a tax-free pot of money! If you are a landlord or property investor with three or more properties in your own name and would like to save tax email or message me.  Learn why 85,000 Buy-to-Let Landlords Quit Property Rental Market - https://youtu.be/NME3nEu8dAQ  Personal Debt Soaring Citizens Advice warns Half Citizens Advice clients are falling behind with debt payments and budget. With lending interest rates rising, unlike savings rates, and soaring inflation more and more people are using expensive credit card debt to pay for food. Citizens Advice guide to dealing with debts Work out how much you owe, who to, and how much you need to pay each month Identify your most urgent debts. Rent or mortgage, energy and council tax are called priority debts as there can be serious consequences if you do not pay them, and so they should be paid first Calculate how much you can cover in debt repayments. Create a budget by adding up your essential living costs like food and housing, and taking these away from any income such as your wage or benefits you receive See how you could boost your income, primarily by checking what benefits you are entitled to, and whether you are eligible for a council tax reduction or a lower tariff on your broadband or TV package If you think you cannot pay your debts or are finding dealing with them overwhelming, seek support straightaway. You are not alone and there is help available. A trained debt adviser can talk you through the options available Source: Citizens Advice See: 10 Tips To Avoid Christmas Debt - https://youtu.be/n7vSK5LlONU The debt charity StepChange reports that the cost of living as their main reason for debt, and seven in 10 of them are women.See omnystudio.com/listener for privacy information.

Pensions fall by up to 40%! Time to learn how to manage your own money. Check out my new training to help you get control of your finances in 28 days! Click to join: https://bit.ly/3isugCr UK house prices saw their worst monthly drop for over two years in November as rising interest rates slowed down the property market, the Nationwide has said. Prices fell by 1.4% from October 2022 - the largest month-on-month fall since June 2020. Annual house price growth saw a "sharp slowdown", the Nationwide building society figures revealed, plummeting to 4.4% from 7.2% in October. The lender added the housing market will "remain subdued" in the coming months. The UK government's own official forecaster predicted that house prices will fall by 9% over the next two years as affordability issues weigh on demand, and the Bank of England said we are entering the worst recession on record. Watch video on YouTube channel - https://youtu.be/oCJIAiYcbyU The average property price fell to £263,788 last month from £268,282 in October, the Nationwide said. WARNING - Spray foam insulation can render your property WORTHLESS – according to RICS surveyors. Government giving out billions in grants to homeowners to insulate and cut energy costs – including solar panels. Pension pots lose up to 40% following bond market crisis. The financial services industry has let us down with poor advice and products, low fund performance and high charges and fees. Don’t rely on the financial services industry, financial advisers or the government to fund your retirement. 3 million people have lost track of their pension pots. £27 billion in pensions lies unclaimed in insurance company coffers…visit the ‘gov.uk website to track your old pensions. Educate yourself to manage your own money, build wealth and row your own boat. Start with the basics. Check out my new training to help you get control of your finances in 28 days! Click to join: https://bit.ly/3isugCr #finance #financialfreedom #freefinancialtraining #freetraining #money #wealth #marketing #onlinemarketing #pensions #propertyprices #propertymarket #housepricesSee omnystudio.com/listener for privacy information.

Check out my new training to help you get control of your finances in 28 days! Click to join: https://bit.ly/3isugCr Online marketing expert, Chadesh Parekh of NERO Digital Labs explains how to grow your online business reviews and customer feedback. Get more genuine customer reviews Use customer feedback to grow your online reputation Make more money online organically through reputational marketing Chandesh Parekh is website accessibility and inclusivity consultant, web developer and online reputation marketer. Chandesh has been professionally immersed in the world wide web for over 20 years and helps businesses with their online marketing strategies, particularly focussing on customer feedback, ratings and reviews. You can connect with Chandesh on LinkedIn on at his website. NERO Digital Labs Link: https://nerodigital.co.uk/services/reputation-marketing/ Check out my new training to help you get control of your finances in 28 days! Click to join: https://bit.ly/3isugCrSee omnystudio.com/listener for privacy information.

UK net migration reached a record 504,000 in the year to June, The Office for National Statistics (ONS) reports.  Check out my new training to help you get control of your finances in 28 days! Click to join: https://bit.ly/3isugCr  At the same time, the ONS also reports that rents are rising by the fastest rate since records began, despite a slowdown in property sales. Rents in the private sector have increased by 3.8pc in the 12 months to October 2022 - the biggest annual percentage change since records began in January 2016, according to the ONS rent inflation index. Business demand more migrants However, business leaders have called for higher immigration to boost growth and fill millions of job vacancies in the UK.  The number of recorded Asylum applications which includes illegal migrants trafficked in small boats across the English Channel, hit 73,000 in the year to September, around 15% of all those who arrive in the country in any given period. Migration figures reveal that a large numbers coming here from outside the European Union - 170,000 from Ukraine and 76,000 from Hong Kong under a scheme to resettle people who count as British citizens. International students Included in the net migration figures, 277,000 overseas students came to the UK study, double the number of student visas from the previous year – possibly influenced by the lifting of travel restrictions, according to the ONS.  The increase in immigration coincides with soaring rents at a time when the property sales market has slowed and thousands of landlords quit the buy-to-let property market - https://youtu.be/NME3nEu8dAQNationwide providers like Serco have earned millions housing asylum seekers and will work with private landlords.  If you live or work in the North London, Watford or Herts area you might be interested in a face-to-face networking meeting at the Beech House, 49 High Street, Watford, England, WD17 1LJ, Thursday 1 December 10am-12. For more information see: https://www.business-buzz.org/hertfordshire/business-networking-watford With the UK entering the worst recession since records began, there’s never been a more important time to get your own finances in order and learn how to manage your money and increase your wealth.  Check out my new free training to help you get control of your finances in 28 days! Free to join: https://bit.ly/3isugCrSee omnystudio.com/listener for privacy information.

Average rents and house prices were still rising late last year, according to official data, although experts a property market slowdown in 2023. Private rental properties owned by private landlords increased at the highest level since comparable records began seven years ago, figures reveal. House prices were still rising in the year to November 9 but falling month on month), but the Office for National Statistics (ONS) said the pace of growth slowed. Private rental prices in the UK rose by 4.2% in the year to December. Private landlords have been hit by tax and mortgage rate rises, as well as increased compliance costs, which some are passing on to tenants. The average tenant spends more proportionally on housing costs than homeowners do, and rents are usually higher than a typical first-time buyer mortgage. Other figures from the ONS showed that property prices increased by 10.3% in the year to November, slowing from 12.4% in October 2022. A 10.9% annual increase in England A 10.7% rise in Wales A 5.5% jump in Scotland and 10.7% growth in Northern Ireland. England’s prices increased the most in the northwest, up 13.5% over the year, and the slowest in London, a 6.3% increase. The average UK house price in November was £295,000 - £28,000 higher than a year earlier, a decrease from the previous month's record high of £296,000. Home buyers have been hit by the rise in mortgage costs as the Bank of England raised base rates during 2022. The average cost of a two-year fixed-rate mortgage has started to fall since last year’s market turmoil following the mini-budget, but far higher than the start of last year. The ONS reports that hundreds of thousands of UK homeowners face higher mortgage costs when their current fixed-rate deal expires this year. More than 1.4 million households will be renewing their fixed-rate mortgage in 2023 - 57% of them currently paying an interest rate of less than 2%.  A ‘ fixed-rate renewal peak’ between April and June 2023 will hit 371,000 mortgage holders when their deals expire. George Osbourne’s buy-to-let tax hike and increased legislation has led to 85,000 private landlords quitting the property rental market in the last 5 years – see https://youtu.be/NME3nEu8dAQ. Although oil and gas prices have come down in recent months, millions of people are still facing a cost of living and have no savings.  Watch YouTube video - https://youtu.be/mPvjb6MN7To How can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.  I want to take you to the next level, help you get control of your money and become financially free.  Join me online on my free live training Wednesday at 7.30PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #money #savings #invest #costoflivingcrisis #inflation #freetraining #interestrates #recession #economy #financialfreedom #rentalprices #propertyprices #privatelandlords #buytoletlandlordSee omnystudio.com/listener for privacy information.

One third of countries will be in recession next year, so there has never been a more important time to get your financial house in order – see my free training https://bit.ly/3isugCr to help you manage your money. In his first major speech as Chancellor, Jeremy Hunt announced £55 billion ‘fiscal squeeze’ tax changes and measures to cut the national debt whilst stimulating growth including the “biggest programme of public works for 40 years” and a plan to make the UK the world’s next Silicon Valley.  Watch video version - https://youtu.be/9Y6FcXo22jQ Markets were reassured by a steady and responsible budget. Highlights: Social rents capped at 7% next year, saving tenants an average of “£200 a year”. Social rents should increase for private landlords housing social rent tenants by 5%. National Living Wage increased and more help poorer pensions and families on Universal Credit benefits. Pensions ‘Triple Lock’ retained meaning the largest ‘inflation-linked’ increase to state pensions. Hunt wants to bring down national debt as a percentage of national debt over 5 years. Extra energy costs reach £150 billion this year – more pain for consumers next year. Corporation tax and stamp duty changes to be implemented. Capital Gains Tax (CGT) thresholds halved – another tax rise. New nuclear power station announced at Sizewell, Suffolk. Inflation is the “enemy” of growth. Jeremy Hunt. Lowering higher rate tax thresholds from £150,000 to £125,140. Freezing tax free allowances – effectively increasing taxes. ‘Fiscal drag’ means 3 million people will pay more tax. Windfall tax on energy companies increased to 35%. Electric vehicles will start paying car tax duty. OBR expects housing market to slow down – Stamp Duty reviewed. Big tech companies should pay more tax under a new international agreement. Review of “workforce participation” – get people on benefits to get a job! Crackdown on benefit fraud. Reality check. World heading into recession One third of countries will be in recession next year, so there has never been a more important time to get your financial house in order – see my free training https://bit.ly/3isugCr to help you manage your money. OBR predicts UK recession next year and low growth and 7.4% inflation next year - see 21 Money Saving Tips https://youtu.be/taJgXOqp9O0 – and negative inflation in 2025. UK inflation has hit 11.1%. Interest rates could rise again. £100 billion to service UK national debt. £177 billion more borrowing next year. Rishi gave away billions, Jeremy is taking it back, as he said, “it has to be paid for”. The UK always pays its debts, he reassured the markets. I have space now for a small group of people I can work with to mentor them to success in any economy. To help you get through this and come out stronger at the other end I am offering subscribers a Free Wealth Discovery Accelerator Call. If you are struggling to grow your income and reduce costs in the economic winter, I will personally speak to you to help you accelerate your wealth building journey.   If you would like to work with me to help you thrive in any economy, click on the link below to book a free Wealth Accelerator Discovery Call - https://calendly.com/charleskelly/wealth-accelerator-discovery-call #recession #money #economy #freetraining #moneytraining #coaching #mentor #positive #makemoney #managemoney #budget #jeremyhunt #inflation #tax #fiscaldrag See omnystudio.com/listener for privacy information.

For more tips and money-making ideas see my programme, Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  In the last 5 years, 85,000 landlords have quit the rental property market! Government red tape, planned legislation, increased costs and tax changes are to blame. Now they must contend with higher mortgage rates and the end to ‘no fault evictions. Demand for rental properties up 14%, some areas by 200% rise in enquiries say Rightmove. Available properties to rent dropped 35% in the last year, according to BBC report. A quarter of UK adults have less than £100 in savings, according to a survey by the Money and Pensions Service. Watch YouTube video version - https://youtu.be/NME3nEu8dAQ The research found that 17% have NOTHING set aside, 5% have less than £50 and 4% between £50 and £100 in savings. As the cost-of-living soars, the figures predict that millions of Britons living in one of the richest countries in the world have no savings. The Bank of England warns that the UK will enter the longest recession ever, as they raised interest rates by the highest level since 1989 to help fulfil their own prophecy.  Recessions create opportunities to make money and build a fortune if you have the correct mindset. For more ideas and tips, see out my new training to help you get control of your finances in 28 days! Click to join: https://bit.ly/3isugCr #freetraining #savemoney #moneysavingtips #mortgage #creditcarddebt #costofliving #goals #houseprices #property #getcontroloffinances #money #halifax #housingmarket #interestrates #inflationSee omnystudio.com/listener for privacy information.

If you would like to work with me to help you thrive in any economy, click on the link below to book a free Wealth Accelerator Discovery Call - https://calendly.com/charleskelly/wealth-accelerator-discovery-call The world’s economies are in turmoil. Even the mighty German economy drag the EU into a long recession according to the EC. But what about YOUR economy? What are you doing right now in your ‘U’conomy’? Migrants do very well in a recession. Why? Because they don’t watch the news! Brian Tracy. Watch video on YouTube - https://youtu.be/USSP2m6xYmw I want to work with a small group of people to help you not only survive but THRIVE in the recession. In the meantime, here are 7 quick money tips: Cash flow – do whatever it takes (legally) to keep cash coming in. Keep working - As the late Zig Ziglar said, you don’t have to “join the recession”. He was selling pots and pans in a recession, but doubled his sales because he worked while everyone gave up and said “nobody’s got any money, don’t you know we are in a recession”. Manage money – you must get control of your finances and budget. See my free new training to help you get control of your finances in 28 days! Look for opportunities – there are millions of opportunities to make money in any economy. Get around the right people – stay away from the people who drag you down with negative talk. Stay positive and realise that winters pass – “all things must pass”, George Harrison wrote. Winters follow summers and spring follows winter. Recessions are inevitable and come and go in most decades. Get a mentor – getting a mentor, coach, mastermind group or training are the smartest things you can do, especially in an economic downturn. I have space now for a small group of people I can work with to mentor them to success in any economy. If you would like to work with me to help you thrive in any economy, click on the link below to book a free Wealth Accelerator Discovery Call - https://calendly.com/charleskelly/wealth-accelerator-discovery-call #recession #money #economy #freetraining #moneytraining #coaching #mentor #positive #makemoney #managemoney #briantracy #zigziglar #jimrohnSee omnystudio.com/listener for privacy information.

For more more tips and money-making ideas see my programme, Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr. House prices will plummet by 8% in 2023  Stay flat for the following four years, Lloyds Banking Group has predicted. Britain’s biggest mortgage lender issued a pessimistic outlook for the UK economy  Setting aside £668m to cover bad debts. The bank fears that rising interest rates – which they predict could reach 4% by 2024 - will make mortgages less affordable. ONS data says the price of the average home rose by 13.6% in the year to August to £296,000.  An 8% fall will not put values below the rapid rises over the last two years. The Bank of England hints base rates could rise by 0.75-1% when it meets in November as it fights to tackle 10% inflation. Wholesale lending rates have eased after fixed rate mortgages topped 6% following the disastrous mini budget. New buy-to-Let investment deals are no longer viable with 6%-7% mortgage costs even with a 25-30% deposit – see: Higher interest rates will KILL buy-to-let property market Cash buyers are unaffected by mortgage rates of course, but investors have traditionally used leverage and maximum borrowing to expand their portfolios, but higher rates have moved the goalposts. The Nationwide has reported that UK house prices fell for the first time in over a year last month. Prices fell by 0.9% month-on-month in October. Over 100,000 borrowers are reaching the end of their fixed rate deals every month at which time they will suffer sharp increases in payments. Many will face mortgage rises of 2-300%. Britons are facing a long winter of strikes and higher energy and food prices, despite wholesale prices of gas and oil falling from their highs. Other news Is the dollar losing its status as the world’s reserve currency? For more ideas and tips, see out my new training to help you get control of your finances in 28 days! Click to join: https://bit.ly/3isugCr #freetraining #savemoney #moneysavingtips #mortgage #creditcarddebt #costofliving #goals #houseprices #property #getcontroloffinances #money #halifax #housingmarket #interestrates #inflationSee omnystudio.com/listener for privacy information.

With energy bills, fuel and interest rates soaring, there’s never been a more critical time to make savings and learn how to manage our money to the best of our ability. I cover many more tips and money-making ideas in my programme, Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr. Please LIKE and SHARE – WATCH YOUTUBE VIDEO - https://youtu.be/taJgXOqp9O0 Here are some tips to help you save and accumulate more money. 1 Pay yourself and save first, spend what’s left 2 Avoid credit card debt interest 3 Track your income and expenditure ‘T’ for ‘track’ is included in my programme, Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  4 Start saving and investing Check out www.gov.uk/individual-savings-accounts for more information. Check for the best cash ISA rates at Moneyfacts. Shop around and be prepared to move your money to obtain the best rates.  5 Emergency or contingency funds 6 Loyalty doesn’t always pay - switch suppliers Check your latest utility statements and check out comparison sites, such as uswitch or moneysupermarket. 7 Reduce your car insurance 8 Review your mortgage ‘R’ for ‘review’ is part of my programme, Master Your Money the S.M.A.R.T Way training. Check it out - https://bit.ly/3isugCr. 9 Check your tax code to pay less to HMRC  10 Look for old bank accounts and pension policies  11 Check for any entitlements to benefits. 12 Reduce your grocery bill  13 Avoid wasting food  14 Explore local charities for help – there is an abundance of food given away by supermarkets 15 Check your workplace or private pension 16 Check your state pension and NI contributions level 17 Use loyalty cards, price match and vouchers and deal finders  Try hacks like VoucherCodes ‘DealFinder’ as a plug-in on Chrome to be alerted to the best deals while buying online. There are hundreds of money saving apps and discount offers, such as Sweatcoin and BetterPoints, where you can get paid to walk and exchange your steps for store discounts and freebies. 18 Cut energy bills  Check out the Energy Saving Trust for some great energy and money saving hacks.  19 Sell unwanted stuff on resale platforms You can turn unwanted clothes into cash using resale platforms such as Depop, Vinted and eBay. 20 Mindset – avoid emotional spending and blowing your salary on payday In my programmes and YouTube Money Tips Podcast videos I talk about money mindset. A recent survey by Nationwide’s Payday Saveday revealed that 1 in 5 people blow over half their spare monthly wages within 48 hours of payday!  21 Plan, organise and forecast The key is in planning and organising your expenditure, work, goals, relationships and life! As in the first tip, prioritise essential expenditure and your savings pot, before spending.  Finally, searching for the best deals, tracking and reviewing your finances and being mindful of spending money on things to don’t really need will not only help you get through the current crises but help you form lifelong habits that will enable to build wealth. For more ideas and tips, see out my new training to help you get control of your finances in 28 days! Click to join: https://bit.ly/3isugCr #freetraining #savemoney #moneysavingtips #mortgage #creditcarddebt #energybill #costofliving #goals #foodbank #getcontroloffinances #moneySee omnystudio.com/listener for privacy information.

Truss DOWN but Mortgage Rates UP to 14-Year High as 100,000 borrowers reach end of fixed rate deal every month Prime Minister Liz Truss resigns after 38 days in office following a tumultuous few weeks A new party leader and Prime Minister will be voted in by members by 28 October Will ‘the markets’ get the leader they want with higher taxes, pain and austerity? As mortgage rates hit new high, 100,000 reach end of fixed rate deal every month Average two and fiver-year fixed rate deals reach 6.65% and 6.51% Bank of England will raise rates again next month to fight inflation Food prices rise at fastest rate for 42 years Tax plans and Hunt budget in doubt Markets and Pound rise on news Watch video version - https://youtu.be/bYVdg1ySjuM What does this mean for you? FINANCIAL EDUCATION FOR FINANCIAL FREEDOM Whatever you do, don’t do ANYTHING unless you are financially educated. Can you change the economy, market or government policy? No! Can change YOUR economy (Uconomy), your policy, your financial and money management and your earnings? YES! With the cost-of-living crisis getting worse, there’s never been a better time to learn how to get control of your money and change your financial blueprint. Check out my new training to help you get control of your finances and learn how to build real wealth in 28 days! Click to join: https://bit.ly/3isugCr#money #business #stockmarket #property #freetraining #financialfreedom #inflation #costoflivingcrisis #moneytips #getcontroloffinances #freetraining #mortgagerates #fixedratemortgage #jeremyhunt #tax #liztrussSee omnystudio.com/listener for privacy information.

Check out my new training to help you get control of your finances and learn how to become financially free in 28 days!  Click to join: https://bit.ly/3isugCr Example of buying a £500,000 property with a £20,000 a year rent or 4% yield. That’s all very well but if you are then borrowing money on say an 80% mortgage, in the past your mortgage payments based on a 2% interest rate would be £8000 a year leaving you a gross profit before cost of £12,000 per annum. Then interest rates went up to 4% meaning that your mortgage payments rose to £16,000 per annum. Watch video version on my YouTube channel, Charles Kelly Money Tips Podcast https://youtu.be/JarTWcAvAoc At 5% your mortgage payments will be £20,000, in which case you would not even break even after paying costs such as insurance and letting agency fees. At 6% per annum your mortgage payments would be £24,000 a year leaving you with a loss of £4000 per annum before costs. However, that’s not the whole story. Rates are expected to go higher and have already breached 6% for the residential market based on five-year fixed rates. At 8% the interest only mortgage on a £400,000 loan Will be £32,000 a year. Even if you only borrowed £300,000, the mortgage payment will be £24,000 a year not only leaving you a loss but an obtainable from the lender which would want a buffer zone in case of rental void.  The higher the interest rate the less you can borrow. It’s unlikely that the lender would give you more than £200,000 based on an 8% interest rate, which would mean that you would need £300,000 as a deposit. In short, higher interest rates will wipe out any hope of a monthly residual yield or profit for buy to let buyers using islands value by to let mortgages. Bearing in mind that the high growth model for most investors is based on using maximum leverage and borrowing against their properties, higher interest rates will wipe out a large percentage of the potential buyers as the deals no longer stack up.   Learn how to invest and build wealth. The Bank of England were forced to bail out the pensions industry after it nearly collapsed and brought down the financial industry with it. Whatever you do, don’t do ANYTHING unless you are financially educated. Question: What can you do to change the economy, market or government policy? Answer: Nothing! Question: What can you do to change YOUR economy (Uconomy), your policy, your financial and money management and your earnings? Answer: EVERYTHING! With the cost-of-living crisis getting worse, there’s never been a better time to learn how to manage your money and change your financial blueprint. Check out my new training to help you get control of your finances and learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCr   #money #business #stockmarket #property #freetraining #financialfreedom #inflation #costoflivingcrisis #moneytips #getcontroloffinances #freetraining #mortgagerates #fixedratemortgage  See omnystudio.com/listener for privacy information.

New warnings of a housing slowdown were issued this week as the number of people struggling with mortgages are forecast to reach a 15-year high, the Royal Institute of Chartered Surveyors (RICS) said. The RICS is the body which regulates and controls the surveyor who carry out surveys and valuations for all the major lenders in the UK. Subscribe to FINANCIAL EDUCATION FOR FINANCIAL FREEDOM for exclusive training and special offers to help you manage and increase your wealth! Details: House sales in September hit their lowest levels since 2020/21 Rising mortgage rates will drive house prices down this year, say RICS Bank of England said this week the number struggling to pay mortgages will rise next year New house buyer inquiries fell in September for he fifth month in a row, say the RICS. Fewer properties for sale has pushed up housing prices, but warned this will end. Banks, such as HSBC have issued similar warnings of a housing market slowdown Higher interest rates will make buy-to-let purchases unsustainable Fixed rate deals have reached around 6%, a 300% rise and a gamechanger  Mortgage lenders will not lend to investors if deals do not stack up financially Up to 200,000 households will need to remortgage in the next year, say BBC. The news comes of top of a brewing financial crisis in the City of London as the Bank of England are again printing money to bail out financial institutions – this time it’s the people running your pension funds. Tail wagging the dog as centrals banks tell elected governments how to run the country! Question: What can you do to change the economy, market or government policy? Answer: Nothing! Question: What can you do to change YOUR economy (Uconomy), your policy, your financial and money management and your earnings? Answer: EVERYTHING! Subscribe to FINANCIAL EDUCATION FOR FINANCIAL FREEDOM for exclusive training and special offers to help you manage and increase your wealth! See omnystudio.com/listener for privacy information.

In this podcast, I take you through the basics of getting control of your finances and learning how to become financially free. Watch video version - https://youtu.be/J8xSMrLDsNw With the cost-of-living crisis getting worse, there’s never been a better time to learn how to manage your money and change your financial blueprint. Check out my new training to help you get control of your finances and learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCr If you’re REALLY serious and want to get started right away…Claim your free Wealth Accelerator Discovery Call with me now: https://calendly.com/charleskelly/wealth-accelerator-discovery-call   #money #business #stockmarket #property #foodprices #freetraining #financialfreedom #inflation #costoflivingcrisis #moneytips #getcontroloffinances #freetraining See omnystudio.com/listener for privacy information.

What can you do transform your finances and become financially free? To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Check out my new training to help you get control of your finances and learn how to become financially free in 28 days! - Click to join: https://bit.ly/3isugCr ******** Labour plans sweeping private rental reforms in the buy-to-let property market  Labour's Shadow Levelling Up, Housing & Communities Secretary, Lisa Nandy, laid out the party's plans to reform the private rented sector on Monday. In her speech she essentially promised that, should Labour come to power, rent payments will be considered an ‘optional extra’ for tenants, with the party planning to end automatic repossessions for rent arrears. Source NRLA Watch video version - https://youtu.be/oRXiwu_ekBQ In this video we also talk about: 1 Pound, Dollar and Euro all at same rate 2 Pension funds dump shares and bonds, FT reports 3 UK economy grew by 0.2% in second quarter to avoid recession 4 Energy prices in the UK rise 1 October despite government cap 5 US stocks record longest run of quarterly losses since 2008 market crash ******* Thank you for taking the time to watch my YouTube channel! I am delighted that my YouTube has grown into 2.25k subscribers because of your support! To help me give you a FREE and informative content please do press the “LIKE” button if you think I made a valuable content in this channel. Do “SHARE”, “SUBSCRIBE” and hit the “NOTIFICATION BELL” so you won’t miss any valuable content in my channel. ******* #freetraining #business #money #savemoney #buytoletinvestor #propertyinvestor #mortgages  #financialfreedom #economy #money  #buytolet #investing #property #houseprices #interestrates #inflation #wealth #taxcuts #kwasikwarteng #labour #rentalreform #lisanandy See omnystudio.com/listener for privacy information.

The Bank of England may have to raise base interest rates again to prevent pound sterling from collapsing against the US dollar after it fell to an all-time low of just over parity 1.03 this week following the Friday’s mini-budget. Please LIKE and SHARE this free content and watch until the end for a special offer. Last week, the Chancellor Kwasi Kwarteng cut taxes, as well as Stamp Duty for 200,000 homebuyers to stimulate the property market a day after the Bank of England (BoE) raised the UK base interest rate from 1.75% to 2.25% to combat inflation warning that the country “may” already be in recession.  The independent BoE move followed the Federal Reserve’s 0.75% hike last week putting further pressure on UK bonds and sterling. Mortgage lenders have pulled fixed rate deals in anticipation of an early rate rise. How high will interest rates go? The Bank of England’s Monetary Policy Committee (MPC) meets in less than two week on 3 November and could be forced to raise rates again. The markets expects rates to rise to 4.5% by next year, which could push mortgage rates to over 7%, a level I have not seen for 20 years. Now could be the time to get advice from a broker about fixing your mortgage rate for at least 3-5 years. If you are already in a fixed rate deal and have a year or two left, you might want to consider switching to a longer-term rate even if you have to pay a small ERC – early redemption charge or penalty. Talk to a broker to weigh up the costs and benefits or do your own calculations by factoring in an interest rate of around 4.5%. With 10% inflation and a weak pound, interest rates are on an upward trend, so take action now to protect yourself. What can you do transform your finances and become financially free? Are you struggling with money or the cost-of-living crisis? To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Claim your free Wealth Accelerator Discovery Call with me: https://calendly.com/charleskelly/wealth-accelerator-discovery-call #freetraining #business #money #savemoney #buytoletinvestor #propertyinvestor #mortgages  #financialfreedom #economy #money #rentalproperty #buytolet #investing #property #houseprices #interestrates #inflation #wealth #peer-to-peerlending #taxcuts #kwasikwarteng See omnystudio.com/listener for privacy information.

For more tips and money-making ideas see my programme, Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  The Bank of England warns that the UK will enter the longest recession ever, as they raised interest rates by the highest level since 1989 to help fulfil their own prophecy. Watch YouTube video - https://youtu.be/JsSToglvyls The Bank of England warns the UK facing longest recession since records began. Misery for mortgage borrowers as MPC raises interest rates by the most in 33 years to 3%. Base interest rates hiked again from 2.25% to 3% - the biggest jump since 1989. Banks predicts a "very challenging" 2-year slump with unemployment doubling by 2025. Bank hope to bring down soaring prices as the cost of living rises at its fastest rate in 40 years. For more ideas and tips, see out my new training to help you get control of your finances in 28 days! Click to join: https://bit.ly/3isugCr #freetraining #savemoney #moneysavingtips #mortgage #houseprices #energybill #costoflivingcrisis #interestrates #bankofengland #foodbank #getcontroloffinances #money See omnystudio.com/listener for privacy information.

The Chancellor Kwasi Kwarteng has cut Stamp Duty for 200,000 homebuyers to stimulate the property market a day after the Bank of England (BoE) has raised the UK base interest rate from 1.75% to 2.25% to combat inflation and warning that the country “may” already be in recession. A recession is officially measured by two negative growth quarters, which has not yet been recorded. The independent BoE move follows the Federal Reserve’s 0.75% hike this week. UK borrowing costs are now at their highest levels since 2008 putting pressure on mortgage holders and the housing market. The new rate rise alone could add up to £690 per annum or £57 per month to an average variable rate mortgage (on top of previous rate rises), although not all lenders follow the BoE base rates. Mortgage brokers are reporting long delays in obtaining an offer and fixed rate deals being pulled at short notice. Inflation has dipped slightly to 9.9% but is still at a 40-year high in most western countries. The pound fell again to $1.11, which means the markets have no confidence in the currency. Everything the UK imports is now being inflated by a weak pound. Watch video on YouTube - https://youtu.be/8d2RYNaV5jM How high will interest rates go? The Bank of England’s Monetary Policy Committee (MPC) meets in less than two week on 3 November and could be forced to raise rates again. The markets expects rates to rise to 4.5% by next year, which could push mortgage rates to over 7%, a level I have not seen for 20 years. Now could be the time to get advice from a broker about fixing your mortgage rate for at least 3-5 years. If you are already in a fixed rate deal and have a year or two left, you might want to consider switching to a longer-term rate even if you have to pay a small ERC – early redemption charge or penalty. Talk to a broker to weigh up the costs and benefits or do your own calculations by factoring in an interest rate of around 4.5%. With 10% inflation and a weak pound, interest rates are on an upward trend, so take action now to protect yourself. Buy-to-Let yields will look very different at those levels, yet investors still see property as a safe long-term haven for their cash. Property values in most areas usually grow in the long term and inflation reduces the real value of a mortgage debt. There is still a shortage of suitable properties and demand for bricks and mortar. Highly geared property investors with large amounts of debt could get into trouble leading to more repossessions. A recession could see commercial landlords coming under pressure as business suffers, which means more opportunities for some investors. The government do not want the property market to crash and will be announcing measures to stimulate the market for fist-time buyers. The stock market is another story and has already started to slide this year. Rates for savers have barely moved. Some savers are turning to funding property transactions either through peer-to-peer lending platforms or direct to property investors – cutting out the banks. However, lending out your money in this way carries a far greater risk. Stamp Duty Cut Threshold raised from £125,000 to £250,000. First-time buyer nil rate band lifted to £425,000. 200,000 people will be taken out of Stamp Duty tax altogether. The April NI tax rise has been reversed saving employees and employers hundreds of pounds a year. Income tax reduced to 19% from April 2023 giving back £170 to 31 million people. Highest rate of 45% abolished. All goo d news but more money is effectively being printed and the national debt increased or deferred, which means paper currency is being devalued. Corporation tax rise cancelled. Bad news for HMO Landlords The government plans to introduce legislation to force landlords who include bills as part of the rent to “repay” the £400 rebate to the tenant! What can you do transform your finances and become financially free? Are you struggling with money or the cost-of-living crisis? To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Claim your free Wealth Accelerator Discovery Call with me: https://calendly.com/charleskelly/wealth-accelerator-discovery-call #freetraining #business #money #savemoney #buytoletinvestor #propertyinvestor #mortgages  #financialfreedom #economy #money #rentalproperty #buytolet #investing #property #houseprices #interestrates #inflation #wealth #peer-to-peerlending #taxcuts #kwasikwarteng #budget #stampduty  See omnystudio.com/listener for privacy information.

Landlords switching to holiday lets and SA (Serviced Accommodation) for less regulation and higher profits. Rent controls will drive private landlords away, reduce inventory and increase rents for tenants. World Banks say central bank interest rate hikes could cause a 2023 recession. US Mortgage Rates hit 14-year high as Pound falls to 37-year low against US Dollar. How will higher interest rates affect property prices, wider economy and stock market?   Higher interest rates increase the cost of money or borrowing and has the effect of slowing down economic growth, profits and ultimately stocks and share prices. Property prices are higher than a year ago, but the rate of price growth is slowing. Corporate insolvencies have jumped in England and Wales, as economic conditions and inflation start to hurt businesses. A bell weather company, FedEx, saw its shares plunge after a profit warning linked to a gloomy economy. When times are good, and borrowing is cheap everyone buys more on credit and the economy expends. But the cycle never lasts, as we cannot keep on borrowing and creating money out of thin air forever… The party is over! Inflation is running out of control, which means the central banks will have to tighten monetary policy and pull back the reins on the economy.  Now is the time to learn how to manage your money and prepare for the financial winter. Do you have any savings? Do you know how to invest or where to invest your money to build financial freedom? For how long could you pay your bills if you lost your job? Are you fed up struggling? What can you do transform your finances and become financially free? To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Claim your free Wealth Accelerator Discovery Call with me: https://calendly.com/charleskelly/wealth-accelerator-discovery-call #freetraining #business #money #savemoney #buytoletinvestor #propertyinvestor #mortgages #secondincome #financialfreedom #economy #money #rentalproperty #buytolet #investing #property #houseprices #NRLA #rentalproperty #rentcontrol #inflation See omnystudio.com/listener for privacy information.

Before I answer that question, what do you think? I’ve seen a lot of comments like this on social media and wanted to say a few words about one of her biggest contributions to the UK.   Leaving aside her support for over 600 charities, and numerous civic duties and constitutional duties which saw her work but over 70 years until almost the day she died, the Queen has made one huge contribution to the UK economy:   Tourism   The Queen and the royal family have attracted billions of pounds and millions of tourists over the years, and she’s still packing them in now. London is booming with visitors and hotels are full.   When her coffin was being driven from Balmoral to Edinburgh, use cameras in a helicopter followed the procession for the entire six-hour journey. Viewers were treated to the glorious beauty of the Scottish Highlands, villages and then Edinburgh. You cannot buy that sort of publicity.   Do you think Scotland will benefit from six hours of free publicity? Hell yes!   Prince Charles is a brand William and Kate are a brand and Harry and Megan have shown how are you can literally monetise the brand to the tune of millions of dollars.   Imagine if the Queen has gone down that road? I’m only saying this to illustrate the untold value of the royal band which goes back to UK PLC at large.   Hotels, restaurants, bars, shops, airports, taxi drivers, support staff and thousands of workers all benefit from tourism, which is one of the biggest industries in the UK. There is no doubt that the rules have contributed hugely to UK tourism and the wider economy.   How much is the Royal Family ‘brand’ worth?   In 2017, business insider.com estimated the royal family ‘s brand was worth £67 billion and said that the royal family contributes £2.4 billion to the UK economy every year.   What is world’s most valuable brand?   It used to be Coca-Cola but is now dominated by recently formed tech and Silicon Valley companies.   According to Kantar BrandZ the top 10 most valuable global brands are:   Apple Google Amazon Microsoft Tencent McDonalds Visa Facebook Alibaba Louis Vuitton   Source: Kantar.com    The Apple brand is estimated to be worth nearly $1 trillion with Google and Amazon not far behind.   China has two companies in the top 10, Tencent and Alibaba, and the only non-US company is Louis Vuitton a French company.    What can you do to develop your own brand?   What can you do transform your finances and become financially free? Are you fed up struggling? To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Check out my new training to help you get control of your finances and learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCr Claim your free Wealth Accelerator Discovery Call with me: https://calendly.com/charleskelly/wealth-accelerator-discovery-call #freetraining #apple #microsoft #google #business #money #savemoney #buytoletinvestor #propertyinvestor #mortgages #secondincome #financialfreedom #economy #money #rentalproperty #buytolet #investing #property #houseprices #queen #royalfamily #princecharles #harryandmegan #WilliamandKateSee omnystudio.com/listener for privacy information.

Check out my new training to help you get control of your finances and learn how to build real wealth in 28 days! Click to join: https://bit.ly/3isugCr Newly appointed Chancellor, Jeremy Hunt MP, has ripped up his predecessor’s doomed mini budget after replacing Kwasi Kwarteng MP on Friday.  Wholesale government borrowing interest rates have stabilised after Mr Hunt steadied the ship and restored confidence in the ‘markets’, which have now factored in an interest rate peak next May of just over 5%. SCRAPPED INCOME TAX  Jeremy Hunt ditched the plan to cut the basic rate by 1p from April. Planned cut to corporation tax. ENERGY BILLS The typical household energy bill has been capped at £2,500 for the next two years. The 'guarantee' policy was estimated to cost the government over £100billion.  Now expected to be overhauled, with help targeted on the poorest after April. DUTY-FREE SHOPPING FOR TOURISTS  EASING IR35 RULES FOR SELF-EMPLOYED DIVIDEND TAX CUT  REMAINING STAMP DUTY Stamp duty was abolished under £250,000 at the mini-Budget, with first-time buyers exempt on up to £425,000. That has already taken effect, and Mr Hunt said it will stay in place. NATIONAL INSURANCE The government promised to reverse the increase to National Insurance. FINANCIAL EDUCATION FOR FINANCIAL FREEDOM Whatever you do, don’t do ANYTHING unless you are financially educated. Question: What can you do to change the economy, market or government policy? Answer: Nothing! Question: What can you do to change YOUR economy (Uconomy), your policy, your financial and money management and your earnings? Answer: EVERYTHING! With the cost-of-living crisis getting worse, there’s never been a better time to learn how to manage your money and change your financial blueprint. Check out my new training to help you get control of your finances and learn how to build real wealth in 28 days! Click to join: https://bit.ly/3isugCr   #money #business #stockmarket #property #freetraining #financialfreedom #inflation #costoflivingcrisis #moneytips #getcontroloffinances #freetraining #mortgagerates #fixedratemortgage #jeremyhunt #tax See omnystudio.com/listener for privacy information.

In a momentous week the UK has witnessed a new incoming Prime Minster, Liz Truss, new government and team, change of housing minister and a new Head of State, King Charles III. What does this mean for property investors? Key Takeaways: Queen’s death Bank of England delays base interest rate decision on 22 September. UK interest rates were predicted to rise to 2.25%. Economy still in trouble, but Liz Truss in borrowing over £100 billion to pump more money in to boost jobs and growth. Massive infrastructure projects. Energy bills capped. Green levies halted. Move away from obsession with everything going ‘green’? HMO and SA landlords will be pleased to hear that bills are being capped. Will we see any changes to renters reform or legislation on EPCs? Mortgages are becoming more difficult to obtain and rates are going up. Investors looking to the north for higher yields – 7 to 10%. In my book, Borrow and Grow Rich, I show you how the wealthy have used OPM (other people’s money) to create huge fortunes for centuries. Borrow and Grow Rich is available now - https://www.amazon.co.uk/BORROW-GROW-RICH-USING-PEOPLES/dp/B09PHH7KK5/ref=sr_1_1?keywords=borrow+and+grow+rich&qid=1662904207&sr=8-1 What can you do transform your finances and become financially free? To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Check out my new training to help you get control of your finances and learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCr Claim your free Wealth Accelerator Discovery Call with me: https://calendly.com/charleskelly/wealth-accelerator-discovery-call FREE TRAINING – PROPERTY SECRETS FOR BEGINNERS! This Beginner Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday at 7pm UK time. CLICK TO JOIN THE LIVE ONLINE EVENT  https://bit.ly/3DlSlCL  #freetraining #inflation #business #money #savemoney #buytoletinvestor #propertyinvestor #mortgages #secondincome #financialfreedom #economy #money #rentalproperty #buytolet #investing #property #houseprices #queen #kingcharles #HMOlandlords #bankofengland #interestrates #investing See omnystudio.com/listener for privacy information.

The new UK Prime Minister, Liz Truss, has announced plans in the commons today to limit energy bill rises for all households for two years to help millions of people falling into hardship this winter. A typical household energy bill is to be capped at £2,500 annually until 2024. Businesses will receive support for six months. The huge support scheme could cost up to £150bn, although the total cost will depend on future wholesale fuel prices. The energy price cap - the maximum amount suppliers are allowed to charge households for every unit of energy - was been due to leap to £3,549 in October, a move which would have caused widespread fuel poverty. Under the Liz Truss scheme, the government will compensate energy firms for the difference between the wholesale price for gas and electricity they pay and the amount they can charge customers.  The government will suspend green levies - which add £150 to bills each year - which the £2,500 cap accounts for. A previously announced £400 energy bills discount for all households will go ahead. Taken together, the government said this "will bring costs close to where the energy price cap stands today". Most people’s bills are still double where they were before the Russian invasion of Ukraine, but would have soared if the price cap was lifted again next month. Why do so many people depend on government aid? The majority of working people have no savings and live month-to-month throughout their lives. Retirement planning is woefully inadequate which means millions of pensioners are dependent on the state to make ends meet. According to the DWP report in August 2019: 20 million people claiming DWP benefits. Two thirds of benefit claimants, or 13 million, are of State Pension Age. The number of people receiving State Pension has fallen to 12.6 million partly due to the retirement age being pushed back. What can you do transform your finances and become financially free? To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Check out my new training to help you get control of your finances and learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCr Claim your free Wealth Accelerator Discovery Call with me: https://calendly.com/charleskelly/wealth-accelerator-discovery-call #freetraining #inflation #business #money #savemoney #buytoletinvestor #propertyinvestor #mortgages #secondincome #financialfreedom #economy #money #rentalproperty #buytolet #investing #property #houseprices   See omnystudio.com/listener for privacy information.

To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Check out my new training to help you get control of your finances and learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCr     #freetraining #inflation #business #money #savemoney #buytoletinvestor #propertyinvestor #mortgages #secondincome #financialfreedom #economy #money #rentalproperty #buytolet #investing #property #houseprices See omnystudio.com/listener for privacy information.

  Sterling crisis could drive up interest rates First time buyers are the largest buyer group in the country but they’re about to be hit with higher interest rates. Here’s what’s happening and how you can offset the rising rates. Key takeaways First time buyers, the largest buyer group in the UK with nearly 177,000 transactions so far in 2022, will need an average of £12,250 more on their income to get a mortgage based on 4% interest rates  A whopping £34,500 extra is needed in the London market, but less than £5,000 in more affordable regions Property interest among FTBs is up by 46% year on year as they drive the market from the bottom up. More than half of their enquiries for three bedroom homes and an average price 10% higher than this time last year (£269,000). FTBs are looking further afield in cheaper areas to buy a home, meaning less time spent saving up for a deposit. Zoopla data shows that 25% of first time buyers outside of London are now searching 10km or more from their home address.  Source: Zoopla Is it still cheaper to buy than rent? Comparing the cost of renting and buying, Zoopla examined whether a renter can afford to buy the home they live in. You would save an average of £200 by paying a mortgage (with a 2.5% rate) rather than renting. On a 4% interest rate, it’ll still be slightly cheaper to pay a mortgage than to rent in most places. But buying will edge into being more expensive than renting in the high value areas of London and the South of England. 5 Tips To Help First Time Buyers: 1. Broaden your search area Obvious, but makes sense if you rent in a city centre. 2. Use a government buying scheme The government has launched several first-time buyer schemes to help you get on the property ladder. The Help to Buy Equity Loan scheme is a popular choice but ends in October.  The First Homes scheme offers discounts of between 30% and 50% on new build properties to local first-time buyers and key workers. There are several other schemes that can help you get on the ladder too. 3. Team up with friends or family to get a bigger deposit Offset rate rises by coming up with a bigger deposit. Many are turning to family members or pairing up with partners or friends to get a deposit together. Use the available ISAs and tax free savings schemes to save for a deposit. Many parents and grandparents use ‘equity release’ schemes to help fund a deposit. 4. Do your homework on different types of mortgages Learn how different types of mortgages are impacted by base rate changes. Speak to a mortgage advisor. Some specialise in first time buyer mortgages, so tap into their knowledge as well as doing your own research. 5. Keep up with your local market Local housing markets all different to the national picture and you’ll be in the best position to get on the market at a good price if you know what’s happening nearby. Sterling crisis could drive up interest rates Interest rates and inflation could soar if the Pound continues to fall against the Dollar. Goldman Sachs predict that inflation could reach 20%! Energy will rise again next month, food prices are rising at more than 10% and unions are striking for higher pay deals and some want to minimum wage to go up to £15 per hour. Germany now has the highest inflation rate for 40 years. To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Check out my new training to help you get control of your finances and learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCr     #freetraining #inflation #business #money #savemoney #buytoletinvestor #propertyinvestor #mortgages #secondincome #financialfreedom #economy #money #rentalproperty #buytolet #investing #property #houseprices See omnystudio.com/listener for privacy information.

Following the Queen’s funeral, it is time to get back to the reality of the crisis we are facing in the UK. UK interest rates set to rise again this week by the biggest margin in 33 years, as pound slides against the US dollar. Sterling has fallen to a 37 year low against the US dollar, the reserve currency of the world.  This means that the UK is paying 15-20% more for imports, such as oil, on top of all the other factors causing prices to rise at the fastest rate since the early 80s.  More misery than expected for mortgage holders when the Bank of England monetary policy committee meets this week (following a delay for the Queen’s period of mourning) to set UK base interest rates. The new Chancellor Kwasi Kwarteng will announce his first mini-budget on Friday. Rates could rise by at least 0.5%-0.75% or even 1% this week. A 0.75% hike would mean that the average mortgage holder, with a loan of £138,000, will be paying an additional £728per annum (based on a variable rate loan). Whilst most mortgage holders have a fixed rate mortgage, when these deals come to an end, borrowers will suffer a steep rise in monthly payments. The days of low interest rates and cheap borrowing have come to an end for the time being.  The Federal reserve has been aggressively raising interest rates to come back inflation which has strengthened the dollar and weakened sterling and the euro.   Higher interest rates means that buy-to-let investors taking out a mortgage will need to carefully examine the viability of rental properties based on increased loan repayments. Average yields will be hit by higher mortgage costs which have doubled in many cases.  Mortgage lenders are already factoring in higher interest rates when calculating affordability and borrowing levels. Higher rates usually results in lower mortgage loans for borrowers. Businesses borrowers also face huge additional costs on top of the cost of running the businesses with higher oil and power prices. Insolvencies in England and Wales are up as thousands of businesses go to the wall. Higher interest rates and tighter monetary policies, designed to control inflation, will cause the worldwide economy to slow down. Unfortunately, low paid workers and small businesses get hit hardest as if you can survive very long during a recession.   In the last 10 years, consumers have taken on enormous amounts of cheap and plentiful debt on their homes, as well as to purchase luxury items such as cars, boats and recreational vehicles. This is all very well as long as they have income to service the debt when income slowdown people get into trouble and business for debt collectors and bailiffs starts the boom. Expect to see more repossessions of homes and cars next year. In my S.M.A.R.T money course, I always stress that borrowing to buy consumer goods - which go down in value - is a bad idea.   Now is the time to prepare for the economic winter ahead. Get your house in order and fasten your seatbelts for a rough ride ahead.  When times are good, and borrowing is cheap everyone buys more on credit and the economy expends. But the cycle never lasts, as we cannot keep on borrowing and creating money out of thin air forever…It hasn’t worked in the past and it will not work now. The party is over! Inflation is running out of control, which means the central banks will have to tighten monetary policy and pull back the reins on the economy – slow down the economy causing a recession.  Now is the time to learn how to manage your money and prepare for the financial winter. Do you have any savings? Do you know how to invest or where to invest your money to build financial freedom? For how long could you pay your bills if you lost your job? Are you fed up struggling? What can you do transform your finances and become financially free? To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Claim your free Wealth Accelerator Discovery Call with me: https://calendly.com/charleskelly/wealth-accelerator-discovery-call #freetraining #business #money #savemoney #buytoletinvestor #propertyinvestor #mortgages #secondincome #financialfreedom #economy #money #rentalproperty #buytolet #investing #property #houseprices #NRLA #rentalproperty #rentcontrol #inflation See omnystudio.com/listener for privacy information.

UK regulator, OFCOM, has hiked the energy cap which means average UK household energy bills are set to rise by up to 80% from 1 October.  The Government has announced that all households in England, Scotland and Wales will receive £400 to help with rising fuel bills this autumn. The payment will appear as a credit on your energy bill. Landlords who include utility bills in houses in multiple occupation will still be eligible for these payments.  See also: 100,000 Join ‘Don’t Pay’ group  YouTube episode -  https://youtu.be/L2yOcmIFxDw The increased outgoings could also affect how much you will be able borrow to buy your home. Here are some changes to mortgage affordability calculations made by lenders that you need to be aware of if you are applying for a mortgage home loan in the UK. Recent changes means lenders will add another layer to mortgage affordability checks used to calculate how much they can lend to borrowers. In future, they will not just look at your income but will also take into account at all of your outgoings, which means you may not be able to borrow as much as you need.  Lenders are expected to amend the rules for benefit claimants to allow them to have their benefit payments assessed as part of the mortgage application.   House sales peak in July HMRC figures show but buyers are cautious Following the recent Halifax report, official figures show that more homes were sold in the UK in July than in any other month this year, but agents report that buyers are showing more caution. Due to cost-of-living pressures and lower mortgage advances, buyers are increasingly negotiating for a lower price. HM Revenue and Customs data showed that 110,970 properties were sold in the UK during the month - the highest since September. Consistent monthly sales of around 100,000 this year show that demand remains comparatively strong, but there are signs that the squeeze on budgets caused by rising prices and bills were having an effect. Sales in July were still 33% higher than the same month last year and 7.2% higher than June, HMRC said. Nathan Emerson, chief executive of the estate agents' trade body Propertymark, told the BBC: "These figures show the housing market remains stable with transactions up month-on-month, year-on-year and well above pre-pandemic levels. "The cost of living is still rising and we are seeing evidence of buyers negotiating harder, bringing price increases down. But our data from member agents shows the demand remains strong and that there with not enough stock to go round with the number of new potential buyers seven times higher than new homes coming to the market." US President Joe Biden is cancelling billions of dollars of federal student loans.  Mr Biden has just announced he will cancel up to $10,000 (£8,500) in federal student loans for millions of Americans who earn less than $125,000 each year. The cost is expected to exceed $300 billion and further add to the multi-trillion dollar US debt mountain. Generate a second income stream… Find out more about property investing – even if you have no money. You can learn the secrets of professional property investors who have built huge portfolios with other people’s money. FREE TRAINING – BEGINNERS PROPERTY SECRETS This Beginner Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday at 7pm UK time. CLICK TO JOIN THE LIVE ONLINE EVENT  https://bit.ly/3DlSlCL The economy is in winter, but winters are tough but they never last forever. Like the farmer who prepares for the next season’s work, now is the time get ready and come out even stronger when the recession ends. To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Check out my new training to help you get control of your finances and learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCr   #property #freetraining #propertysecrets #money #banks #savemoney #buytoletinvestor #propertyinvestor #energy bills #mortgagesSee omnystudio.com/listener for privacy information.

Food costs are rising by over 14% which has helped push UK inflation into double digits for the first time since 1982.  Prices are now rising at their fastest rate for more than 40 years. Official inflation rates reach 10.1% in the 12 months to July, up from 9.4% in June, the Office for National Statistics (ONS) said. Soaring living costs are eating into family household budgets, with prices rising faster than wages for the last decade. The Bank of England has predicted that inflation will peak at 13% this year – having previously claimed it was “temporary” and would start to fall this year – and admitted that the country was heading towards a recession. The price of energy, petrol and diesel costs are contributing to inflation, say the ONS, as well as staples such as bread, cereals, milk, cheese and eggs rising the fastest, while the cost of vegetables, meat and chocolate were also higher.  In short, the cost of just about everything a family needs is going through the roof. But housing and mortgage costs are also hitting pockets, especially as fixed rate mortgages expire and cause a nasty shock when they jump in price. What can you do to avoid the recession? What will you do to survive and even thrive in this recession? Here are my 7 inflation-busting tips: Loyalty cards and money saving and rewards websites can save you thousands Maximise your returns on savings and investments  Clear credit card debts as fast as you can or transfer to interest free offers Abandon ‘brand loyalty’ for better deals on similar products and services Get control of your finances and stop spending more than you earn EARN more, generate more cashflow with a side hustle or property business  Invest in yourself, upgrade your skills and earning potential and power! The economy is in winter, but winters are tough but they never last forever. Like the farmer who prepares for the next season’s work, now is the time get ready and come out even stronger when the recession ends. To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Check out my new training to help you get control of your finances and learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCr #money #business #stockmarket #property #foodprices #freetraining #financialfreedom #inflation See omnystudio.com/listener for privacy information.

UK house prices suffer their first drop in a year according to figures compiled by Britain’s biggest lender. Average property worth £293,221 Annual growth strongest in Wales at 14.7% UK Economy shrinks and heads into recession Average UK house prices dipped slightly in July 2022 for the first time in over a year, according to property market data from Halifax, part of the Lloyds banking group. The lender’s house price index revealed that price growth slowed by 0.1%, or £365, month-on-month since June, valuing an average UK home at £293,221. The annual rate of house price growth eased to 11.8%, down from 12.5% last month. This month, separate house price data from the Nationwide building society and Zoopla also indicated a slight slowdown of the UK’s property market. Last week I reported that HMRC property transactions data for June shows there were 96,920 sales, on a non-seasonally adjusted basis, the third slowest June for a decade and down 4% on June 2019. Sales are down 55% compared with 2021 and on a monthly basis down 3.1%, according to the HMRC data based on stamp duty submissions. Watch video version - https://youtu.be/Q4ycEfF7ER4 Bank of England rate rises for the sixth time in seven months to 1.75% are making mortgages more expensive, which means lenders are reducing borrowing levels. Halifax said that price gains for larger properties are noticeably outpacing those for lower homes. The price of a detached house has jumped by 15.1%, the equivalent of £60,860, over the past year, compared to a rise of just 7.7% (£11,962) for flats. Wales topped the table in July with annual inflation up by 14.7%, valuing an average property in the principality at £222,639. This was followed by the south west of England (up by 14.3%) and Northern Ireland (up by 14%). London again recorded slower annual house price growth compared with other parts of the UK, although 7.9% was the capital’s largest increase in five years. Russell Galley, Halifax’s managing director, said: “Looking ahead, house prices are likely to come under more pressure as market tailwinds fade further and the headwinds of rising interest rates and increased living costs take a firmer hold.” Housing sales expectations are now at their lowest level since March 2020, experts have revealed. Sales expectations for the coming 12 months have fallen 36% in July, down from June’s 21%, according to a survey conducted by the Royal Institution of Chartered Surveyors (RICS) before the Bank of England last week announced its biggest rate hike since 1995. Britain’s housing market, like that in many other rich nations, boomed during the pandemic as people sought more space to work and socialise at home. However, a quarter of property professionals now report new buyer enquiries falling in July, the third month in a row of an overall decline. Contributing factors include higher interest rates and the cost-of-living crisis, which affects affordability and confidence. Half of estate agents reported that average selling prices are no longer exceeding asking prices for properties worth up to £500,000 and vendors properties priced at £1m or more are forced to accept lower offers. Only 39% say average sales prices of properties £500,000 to £1m are over asking price. Open House South Herts is advertising property deals in the north of the UK from just £30,000 asking price with yields of between 10 and 15%. – see https://www.facebook.com/estateagentswatfordelstreeandborehamwood UK economy shrinks Q2 as recession looms The UK economy officially shrank between April and June as the Bank of England predicts the country will fall into recession later this year. The economy or GDP contracted by 0.1% in the second quarter of the year, the Office for National Statistics (ONS) reports, but is not yet in recession because it grew by 0.8% in the first quarter. A recession is defined as the economy getting smaller for two consecutive three-month periods. The US economy has declined in the first two quarters, but is not officially in recession by their measures. Banks not passing on interest rate rises to savers! See: video  - https://youtu.be/5Z1DVXkCcfo to see what can you do to make more of your savings. Make your money work harder for you…See: 6 Tips to get on the property ladder - https://youtu.be/F4spqKpYZo4 Learn how to get started as a first-time property buyer. A slowdown in the property market means more opportunities for buyers and investor! Find out more about property investing. You can learn the secrets of professional property investors who have built huge portfolios with other people’s money. FREE TRAINING – BEGINNERS PROPERTY SECRETS This Beginner Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday at 7pm UK time. CLICK TO JOIN THE LIVE ONLINE EVENT  https://bit.ly/3DlSlCL #property #freetraining #propertysecrets #money #banks #savemoney #buytoletinvestor #propertyinvestor See omnystudio.com/listener for privacy information.

Interview with Milan Patel of Customized Financial Solutions taking a holistic approach to tax including: Inheritance Tax Planning Wills and Trusts Company incorporation S.24 House prices have soared in the last few years, which means many of you will be paying unnecessary tax and passing on a huge tax burden to your children and grandchildren. Watch YouTube video - https://youtu.be/mo9ocdg7bQA Contact details for Milan Patel at Customized Financial Solutions LinkedIn: https://www.linkedin.com/in/stampdutyreclaimlondon/ Facebook: https://www.facebook.com/customizedfinance/ Website: www.customizedfinancialsolutions.com House sales peak in July HMRC figures show but buyers are cautious More homes were sold in the UK in July than in any other month this year, official figures show, but agents say buyers are becoming more cautious. Obtain up to 14% yield on UK buy-to-let property.   Auction Property Bargains From Open House South Herts 2 Bed House - £36,000 4 Bed Buy-to-Let Rented House £59,000 https://www.facebook.com/estateagentswatfordelstreeandborehamwood Generate a second income stream… Find out more about property investing – even if you have no money. You can learn the secrets of professional property investors who have built huge portfolios with other people’s money. FREE TRAINING – BEGINNERS PROPERTY SECRETS This Beginner Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday at 7pm UK time. CLICK TO JOIN THE LIVE ONLINE EVENT  https://bit.ly/3DlSlCL The economy is in winter, but winters are tough but they never last forever. Like the farmer who prepares for the next season’s work, now is the time get ready and come out even stronger when the recession ends. To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Check out my new training to help you get control of your finances and learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCr #freetraining #propertysecrets #money #banks #savemoney #buytoletinvestor #propertyinvestor #mortgages #secondincome #financialfreedom #economy #money #rishisunak #rentalproperty #buytolet #investing #property #houseprices #tax #inheritancetax #IHT #royalfamily #princecharles #princeharry #queenmother #dukeofwestminster #Willsandtrusts #Trust #taxplanning #georgesoros #lewishamilton #starbuckstax  See omnystudio.com/listener for privacy information.

As energy bills are predicated to reach £4,000 per household and campaigners like Martin Lewis call for government action to stave off a national crisis, 100,000 people are threatening to cancel their bank direct debit payments to companies like EDF and British Gas. A campaign group, dontpay.co.uk, has almost 100,000 signatures of people who say they will refuse to pay their energy bills or cancel their direct debit mandate from October. Don’t damage your credit rating Things to remember before you cancel payment plans: You have a contract Energy companies can issue late payment notices to credit referencing agencies and forcibly enter your property to instal a pre-payment meter. Risk of CCJ – County Court Judgement Poor credit history can last for 6 years. If you fall behind it will be difficult to catch up and pay the debt. Don’t Pay’s ‘plan’: “The Plan: It's simple: we are demanding a reduction of energy bills to an affordable level. Our leverage is that we will gather a million people to pledge not to pay if the government goes ahead with another massive hike on October 1st.Mass non-payment is not a new idea, it happened in the UK in the late 80s and 90s, when more than 17 million people refused to pay the Poll Tax – helping bring down the government and reversing its harshest measures.” Why this so-called plan is reckless and misleading. Other news US inflation drops slightly to 8.5% Mortgage affordability rules relaxed by Bank of England UK will fall into recession this year and inflation will hit 13% say BoE UK interest rates hiked last week by 0.5% (biggest jump in 27 years) to 1.75% Banks not passing on the last 5 interest rate rises to savers! See: video  - https://youtu.be/5Z1DVXkCcfo to see what can you do to make more of your savings. Make your money work harder for you…See: 6 Tips to get on the property ladder - https://youtu.be/F4spqKpYZo4 Learn how to get started as a first-time property buyer. Open House South Herts is advertising property deals in the north of the UK from just £30,000 asking price with yields of between 10 and 15%. – see https://www.facebook.com/estateagentswatfordelstreeandborehamwood A slowdown in the property market means more opportunities for buyers and investor! Find out more about property investing. You can learn the secrets of professional property investors who have built huge portfolios with other people’s money. FREE TRAINING – BEGINNERS PROPERTY SECRETS This Beginner Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday at 7pm UK time. CLICK TO JOIN THE LIVE ONLINE EVENT https://bit.ly/3DlSlCL   NO MONEY DOWN VIRTUAL TRAINING WEBINAR Virtual event - No Money Down Property seminar. Click to register as places are strictly limited. No Money Down isn't as difficult as you may believe... If you want to take the next steps and take advantage of the opportunities that have opened up to you in the past few weeks (massive increase in probate deals, the tsunami of pre-repossession lease options that are available right now and tenant buyer Rent2Own demand at an all time high due to inflation pricing the masses out of the market just to name a few), then join this free virtual training…   #property  #propertyinvestment #firsttimepropertybuyer #interestrates #freepropertytraining #mortgages #interestratehike        See omnystudio.com/listener for privacy information.

The UK is heading into recession say BoE, and Inflation set to hit 13% this Autumn  Mortgage affordability rules relaxed by the Bank of England The Bank of England (BoE) has raised rates by 0.5 percentage points to 1.75%. The news marks the biggest UK interest rate rise in 27 years. This is the BoE’s latest attempt to calm soaring inflation levels, which are expected to reach 13% by the end of the year as the UK faces the biggest squeeze on living standards in 60 years. Property transactions are already down 55% on 2021 - https://youtu.be/Q4ycEfF7ER4 Interest rate rises should be good news for savers, right? High street banks should pass on interest rate rises to savers? But do they? As at 30 June, despite five rate changes since the middle of December, lots of high street banks' rates have hardly moved and many have stayed where they were before the rate hikes started. The average market rate for instant access accounts is just 0.31%. Millions of savers are facing more time stuck earning almost nothing on money held in instant and easy-access bank accounts. So, what can you do to make more of your savings? This article isn’t personal advice. If you’re not sure what’s right for your circumstances, seek advice. Look further than your high street bank Well-known banks often pay the lowest rates. Some of the large high street banks currently only offer 0.2% on their instant access accounts. That’s just £20 interest on a £10,000 savings pot after a whole year. In reality, the big banks don’t need to work as hard for your money and don’t really care as much as smaller banks and building societies who will offer more attractive rates to attract your money.  Protect your savings. If you have more than £85,000 in cash with different banking brands under the same licence, it could be sensible to move your savings elsewhere, to maximise your protection under the FSCS. Use fixed terms Fixing your savings for a set term will increase your returns. Alternatively, invest in real assets like property. See: 6 Tips to get on the property ladder - https://youtu.be/F4spqKpYZo4 Learn how to get started as a first-time property buyer. Open House South Herts is advertising property deals in the north of the UK from just £30,000 asking price with yields of between 10 and 15%. – see https://www.facebook.com/estateagentswatfordelstreeandborehamwood A slowdown in the property market means more opportunities for buyers and investor! Mortgage affordability rules relaxed by Bank of England The UK mortgage borrowing rules have been changed after the Bank of England scrapped an affordability test for lenders. The so-called "stress test" required mortgage lenders to calculate whether borrowers applying for a mortgage would be able to afford the loan in the event of interest rates rising by up to 3%. The removal the test could be good news for some potential borrowers, for instance, the self-employed or freelance workers, by helping them to qualify for loans. Other rules, such as strict loan-to-income limits, will not make it more difficult for most people to obtain a mortgage. The withdrawal of the affordability test, first announced in June, came into effect on Monday. There will be no immediate impact for borrowers as lenders will not need to change the way they assess loans, but some could change their own rules in the future. The mortgage affordability test was introduced in 2014 as part of a widescale tightening up of the mortgage market to ensure there were no repeats of the mis-selling scandal that partially contributed to the 2008 financial crisis. Lenders had to not only work out if borrowers could afford a mortgage at the rate they were being offered, but also work out how they would be affected if interest rates soared by 3%. Borrowers who could not prove they could cope with such an eventuality might have been turned down for a loan on that basis, even if they could easily afford a mortgage at the existing rate. For that reason the test was seen by some as a barrier for some borrowers. For example, some potential first-time buyers who have been comfortably affording rents far higher than potential mortgage payments have failed affordability assessments. There are some key protections in place to help ensure that borrowers don't take on loans they may not be able to afford. The main one is a loan-to-income "flow limit" which limits the number of mortgages that lenders can grant to borrowers at ratios at or greater than 4.5 the borrowers' salary. In short, it is very rare that a lender will consider a higher loan-to-income ratio because of the restriction. The FCA's Mortgage Conduct of Business responsible lending rules also require a wide assessment of affordability. Find out more about property investing. You can learn the secrets of professional property investors who have built huge portfolios with other people’s money. FREE TRAINING – BEGINNERS PROPERTY SECRETS This Beginner Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday at 7pm UK time. CLICK TO JOIN THE LIVE ONLINE EVENT  https://bit.ly/3DlSlCL See omnystudio.com/listener for privacy information.

Open House South Herts is advertising property deals in the north of the UK from just £30,000 asking price with yields of between 10 and 15%. – see https://www.facebook.com/estateagentswatfordelstreeandborehamwood A slowdown in the property market means more opportunities for buyers and investor! You can learn the secrets of professional property investors who have built huge portfolios with other people’s money. FREE TRAINING – BEGINNERS PROPERTY SECRETS This Beginner Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday at 7pm UK time. CLICK TO JOIN THE LIVE ONLINE EVENT https://bit.ly/3DlSlCLSee omnystudio.com/listener for privacy information.

In today’s Money Tips Podcast: Banks short-changing savers Investors turn to property for better returns Walmart issues profit warning as ordinary people in America struggle with cost-of-living crisis. Property prices are falling according to official figures. High Street UK banks, like Natwest, have failed to pass on several Bank of England base lending rate rises to millions of savers. Base rates have been steadily rising from a low of 0.10% in October 2021, which banks have not passed on to savers. At the same time, they are INCREASING interest rate for borrowers who owe money on their already expensive credit cards. NatWest has just announced a 2.5% increase on their credit card from 15.756 to 18.276, an effective increase of 15%. The current UK base lending rate is 1.25%. Credit card companies were charging similar rates when base rats were over 10%, which means they are profiteering from people’s misery. Meanwhile, banks leaving millions of savers out of pocket in accounts paying almost ZERO interest – which means their savings are LOSING 9.4% (the official UK inflation rate) every year. Savers should vote with their feet and move their money to obtain better deals – if they can find a local branch! Years of artificially low interest rates have pushed millions of investors into buy-to-let property, where the can receive much higher income, as well as growth on their capital. Open House South Herts is advertising property deals in the north of the UK from just £30,000 asking price with yields of between 10 and 15%. – see https://www.facebook.com/estateagentswatfordelstreeandborehamwood Banks are closing hundreds of branches all over the country as the reset to cash continues against people’s wishes. Older customers will struggle to get to branches and many do not use, or want to use, complicated online banking systems. Many old bank branch buildings, such as this on in Loughton, Essex, are huge with much of the space no longer required and can easily be converted into flats, shops, restaurants or other mixed usage. Mortgage rates have also jumped in the last year adding significantly to the cost of buying a home. For instance, a 2% increase on a £200,000 mortgage will cost borrowers an additional £4000 per annum or £333pm. On a £250,000 loan, the extra cost is £5000 a year or £416pm. Most lenders will take this additional burden into account when working out the affordability test and adjust the borrowing level downwards. In other words, the borrow must put down a higher deposit or pay less for a property. Walmart issues profit warning as ordinary people in America struggle with cost-of-living crisis. IMF calls on central banks to raise interest rates further – this will drive the world into a recession. Property prices are falling according to official figures.  See omnystudio.com/listener for privacy information.

Prior to the 2008 financial crash lenders were routinely giving out 100% and even 125% mortgages, self-certification mortgages with no income checks and up to 10 times income multiples.    This all changed after 2008 when several lenders went bust and the government had to bail out High Street banks in the UK such as Lloyds and RBS, which owned NatWest.   But it was not 100% or even self-certification mortgages that got lenders into trouble. Lenders such as northern rock decided to expand into commercial lending which was outside of their experience and comfort zone.   Subprime lending, or giving mortgages to people with poor credit history, previous arrears and even bankruptcy, also cause massive problems for American investment banks who sold derivatives of these products as triple AAA security.     The vast majority of the actual loans were still being paid in the UK.   Lenders also branched out into buying up estate agencies and other businesses which was a big mistake since they paid far too much for these businesses.   But could we be witnessing a return to more adventurous lending?   Well, that remains to be seen. There has been talk of new lenders, like Propertunity, coming into the market offering 100% no deposit mortgages, but so far they have not launched any product on the market.   Check out: https://www.proportunity.com/blog/zero-deposit-mortgage   We also need to find out more details about the loan terms and the interest rates.    It appears to be some kind of 90% initial loan with a top up loan, similar to a help to buy loan that was offered by the government.   What we don’t know is whether this loan is just an interest only loan or involves a share of the equity in the property.   There are also schemes out there offering 10 times income and minimal credit checks, but these appear to be rent-to-own schemes rather than traditional mortgages.   As always, take legal independent financial advice before entering into any credit agreement   Inflation rises to 9.4%, the ninth monthly rise in a row.    Inflation will peak at 11% in the autumn say the Bank of England, which is inside an imminent 0.5% interest rate rise.    The ECB have just hiked interest rates for the first time in over a decade.    Public sector workers are threatening strikes, with unions complaining that a 5% pay rise will not keep pace with rising costs.    Overall, figures show that pay is falling behind the cost of living making the average person poorer.    Mortgages rates have gone up by around 300%.    Whilst most people are on fixed rates, those rates will eventually expire.     The problem for borrowers at the lower income scale is that they may not qualify for certain rates due to affordability tests.      I wish I could give a less gloomy outlook on the economy, but it is not looking too rosy at the moment.   When the country in recession or downturn property prices fall. However, I have seen high inflationary times when properties went up in line with inflation. Right now property is rising faster than the official inflation rate (13% annually), but how long can this continue in the current financial squeeze?   See previous episodes:   4 tips to save money in property letting and development - https://youtu.be/CM22xqmh3Pg Big changes in private rented sector, leaseholds & property ads - https://youtu.be/SeOA_zMqaIY Get cheaper property and higher yields up north Obtain up to 14% yield on UK buy-to-let property.   Auction Property Bargains From Open House South Herts 2 Bed House - £36,000 4 Bed Buy-to-Let Rented House £59,000 More deals at: https://www.facebook.com/estateagentswatfordelstreeandborehamwood #economy #propertybargains #auctionproperty #money #buytolet #rentalproperty #buytolet #investing #property #houseprices #nodepositmortgage #100%mortgage See omnystudio.com/listener for privacy information.

Inflation hits 9.4% and will peak at 11% in the autumn say the Bank of England, which has hinted at an imminent 0.5% interest rate rise.  The ECB have just increased interest rates by 0.5% to zero for the first time in over a decade. Rates have been negative since 2014. Public sector workers are threatening strikes, with unions complaining that a 5% pay rise will not keep pace with rising costs.  Overall, figures show that pay is falling behind the cost of living making the average person poorer.  Mortgages rates have gone up by around 300%.  Whilst most people are on fixed rates, those rates will eventually expire.   The problem for borrowers at the lower income scale is that they may not qualify for certain rates due to affordability tests.    Watch video on YouTube - https://youtu.be/aRpFGTJqlUE Who will be the next UK PM? I wish I could give a less gloomy outlook on the economy but it is not looking too rosy at the moment. One possible bright light on the horizon is the change of leadership and government in the UK following the forced resignation of Boris Johnson. The final two candidates for the prime minister job are former Chancellor Rishi Sunak and Foreign Secretary Liz Truss.   Liz Truss is currently ahead in the polls and id she becomes the new prime minister she will cut taxes, increase spending and take measures to encourage economic growth.   Whilst this will mean deferring the UK’s £2 trillion debt reduction, it will provide a much needed boost to the economy and create more tax revenue. I believe the UK is due for a shift in economic policy and that Liz Truss is the right person to lead the country.   Tesla dumps Bitcoin Tesla has now sold off most of its holdings of the cryptocurrency. The firm has dumped 75% of its Bitcoin, which was worth about $2bn (£1.7bn) at the end of 2021. It is backing away as the value of the cryptocurrency has plunged, falling by more than 50% this year. Tesla said it bought traditional currency with the $936m (£782m) from its Bitcoin sales. Tesla boss Elon Musk has been among the most high profile champions of cryptocurrency, with his pronouncements on social media often driving significant trading activity. Tesla's $1.5bn investment in Bitcoin, revealed in February 2021, prompted a surge of demand in the currency. The price of the notoriously volatile cryptocurrency soared last year to almost $70,000 in November before crashing. One Bitcoin trades for less than $25,000. Musk previously said he would not sell any crypto, but now needs cash. Tesla shares have plunged almost 40% this year. Learn how to create wealth and buy and control property using other people’s money! Claim your free Wealth Accelerator Discovery Call with me: https://calendly.com/charleskelly/wealth-accelerator-discovery-call #free #economy #wealth #money #property #cryptocurrency #tesla #elonmusk #bitcoin #inflation #interestrates #liztruss #borisjohnson #rishisunak #makemoney #bankofengland #ecbinterestrates #freewealthcoachingcall #coaching #mortgagerates See omnystudio.com/listener for privacy information.

UK economy rebounded in my growing by 5% going to ONS figures.    Most areas of the economy expanded including construction, travel and manufacturing.    But business leaders are still concerned about the rising cost of raw materials, as well as fuel and gas. Inflation is set to hit 11% and is soaring around the world.     US inflation has hit 9.1% prompting fears of another interest rate rise by the Fed this summer.    The Conservative Party is voting to elect a new leader following the resignation of Boris Johnson.   Most of the candidates promise to increase spending and cut tax. However, the bookies favourite for the next PM, former Chancellor Rishi Sunak, has urged more caution in order to pay off the deficit and reduce inflation. Rishi Sunak increased corporation tax, which is the tax on business profits.   Tax cuts needed to keep us from falling into recession, stimulate growth and long-term prosperity.   The new government and Chancellor must slash corporation tax to 15% to encourage more inward investment into the UK.     Most leaders want to cut bureaucracy and the size of government, but this seldom happens. There are now more civil servants in the world in 2016 and the state is still growing.     Half the working population in the UK is directly or indirectly employed by the government, which means they are funded by taxpayers and companies paying corporation tax.      More signs of cracks in China’s economy?   The BBC reports that authorities in China's Henan province will start releasing money to customers who have had their funds frozen by several rural banks. The announcement came just a day after a rare protest in Henan's capital, Zhengzhou, turned violent. The four banks that were the focus of the protests are believed to have frozen a total of 39bn yuan ($5.8bn; £4.9bn) of deposits. One of China’s many debtor nations, Sri Lanka, is broke and has falling into chaos as the government falls and people queue for fuel and gas tanks.     I recently heard an Interview with Chris Blackwell of Island records, regarded as one of most influential record executives of all time.   Chris helped launched the careers of the likes of Bob Marley, Roxy Music, Free and U2.    When asked how he knew that reggae and ska music would become so big Chris replied that he wasn’t thinking along those lines at all. All he was trying to do was make a good record and help people build a career in music.    Interesting how he wanted to give, not get, and is now worth $300 million!    Mick Jagger and the Rolling Stones are not only a great band, they also know how to run their business empire making the extremely wealthy.   Ronnie Wood – US$200 million. Charlie Watts – US$250 million. Keith Richards – US$500 million. Mick Jagger – US$500 million. The Rolling Stones did a concert tour to celebrate and increase the group's fortune, which is estimated by FOXBusiness at $1.45 billion. Rolling Stones are celebrating 60 years in the business and have been one of most successful end enduring rock bands of all time   For the first decade of the band Mick Jagger said he left the business side of things to managers, which was a mistake. They ended up in financial trouble having not paid the correct amount of tax.    The band made a decision to move out of the UK, which at the time had a tax rate up to 98%, to avoid going broke. Lack of attention to tax is a common cause of music and film stars going bankrupt, as I cover in my book Yes, Money Can Buy You Happiness.   Mick then took over the business side of running the group and has never looked back.    Mick is a very astute businessman and likes to keep control of every aspect of the banned from putting the show together to making sure they minimise their tax bill.      I once had a ticket to a concert of theirs which was cancelled because it would’ve meant them paying too much UK tax.   It is also known that Mick’s house in Richmond was held in an offshore company.   Earn more than you spend and invest to grow your own ‘u’conomy’. Saving alone will not save you from a bleak retirement.   Obtain up to 14% yield on UK buy-to-let property.   Auction Property Bargains From Open House South Herts 2 Bed House - £36,000 4 Bed Buy-to-Let Rented House £59,000 https://www.facebook.com/estateagentswatfordelstreeandborehamwood #economy #china #money #borisjohnson #rentalproperty #buytolet #investing #property #houseprices #mickjagger #rollingstones #chrisblackwell #rishisunak #srilanka #bobmarley #U2  See omnystudio.com/listener for privacy information.

4 Tips to Save Money in Property Letting and Development   Get a good property tax accountant and save a fortune Join discount purchasing clubs such as LNPG - https://www.lnpg.co.uk/ Networking Shop around for lower cost management and letting fees   China’s economy contracts 2.5% while UK grew .5% last month   Where are property prices going?   Watch video version - https://youtu.be/CM22xqmh3Pg   Get cheaper property and higher yields up north   Obtain up to 14% yield on UK buy-to-let property.   Auction Property Bargains From Open House South Herts 2 Bed House - £36,000 4 Bed Buy-to-Let Rented House £59,000 https://www.facebook.com/estateagentswatfordelstreeandborehamwood #economy #china #money #borisjohnson #rentalproperty #buytolet #investing #property #houseprices #mickjagger #rollingstones #chrisblackwell #rishisunak #srilanka #bobmarley #U2    See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

In this episode of UK Property Talk: UK property prices still rising despite global economic slowdown. Rightmove, the online property listing portal, confirms its compliance with new listing guidelines to include more information on each property. Rightmove portal details for properties will include:- Cost of any service charge and ground rent. Details of any shared ownership arrangement.  Sale price - no longer “POA”. Other changes that affect sales and lettings, including council tax bands. Any information missing from a listing will be highlighted and potential buyers will be redirected to the agent. Rightmove has also introduced new ‘tool tips’ and a glossary of terms. Other Updates New Rules on unfair Leases and Ground rents Boris announces plans to sell off Housing Association properties. Lifelong mortgages. UK government’s ‘levelling up’ measures will involve letting agents directly include a national landlord register, a 'decent homes standard' and abolishing Section 21. By 2030, more renters will have a secure path to ownership with the number of first-time buyers increasing in all areas; and the government’s ambition is for the number of non-decent rented homes to have fallen by 50%, with the biggest improvements in the lowest-performing areas. UK House Prices Continue To Rise Despite Global Economic Slowdown House prices hit a new high in June despite the rising cost of living in the UK would slow demand. Average house price reached £294,845 in June after rising by 1.8% - the steepest monthly increase since 2007. Halifax sighted a “lack of available homes” for sale was lifting prices as well as a shift towards people buying larger, detached homes, which rose by over 13% in the last year. But it expects price growth will slow, as interest rates rise and soaring prices hits people’s pocket harder this year. Petrol remains high and average household energy bills are set to exceed £3000 this year – a rise of nearly 300%! Interest rates will rise again says Bank of England Chief Economist, as inflation is expected to reach 11% this year. The Bank of England warned of more interest rate rises as it vows to bring inflation back down to 2% - roughly 5 times lower than present level. Boris Johnson ousted as leader by his own party, but does it matter to you? After Chancellor Rishi Sunak walked out of his job this week, his replacement Nadhim Zahawi has said he and Prime Minister Boris Johnson want to "rebuild the economy" and get soaring inflation under control.  We could see a new approach, as Mr Zahawi said "nothing is off the table" in terms of cutting taxes and boosting economic growth. Auction Property Bargains From Open House South Herts 2 Bed House - £36,000 4 Bed Buy-to-Let Rented House £59,000 https://www.facebook.com/estateagentswatfordelstreeandborehamwood   #rightmove #leasehold #propertyprices #money #estateagent #borisjohnson #economy #rentalproperty #buytolet #investing #property #houseprices  See omnystudio.com/listener for privacy information.

Global stocks down amid war and recession fears, while household incomes are falling.  US stock markets have suffered the sharpest first-half slump in 50 years, with the S&P 500 down by 20.6% and the tech-heavy NASDAQ tumbling 30% in the last six months. London and Wall Street shares were down again this week as markets react to fears of a global downturn. On Thursday the FTSE was down nearly 2% and the NASDAQ was down 3.65% after recovering slightly from previous sell-offs.  Why the markets matter to you? Taxes Investment Jobs Pensions and Savings Confidence The market correction means billions has been wiped off the value of quoted companies, mutual funds, unit trusts and pension funds. Chaos in Sri Lanka…does it matter? How can you protect your savings? 5 things you need to know about money How to earn more money How to manage money How to invest money How to protect money How to borrow money and use debt You are losing money on your bank savings! Learn how to create wealth and buy and control property using other people’s money! Claim your free Wealth Accelerator Discovery Call with me: https://calendly.com/charleskelly/wealth-accelerator-discovery-call See omnystudio.com/listener for privacy information.

As the number of holiday let properties have increased by 40% in costal regions such as Norfolk, Devon and Cornwall, some English councils are proposing a ban, the BBC reports. Some tourist areas have become so saturated with AIRBNB holiday lets that locals are being squeezed out and can no longer afford to rent or buy in the area.  A resident in Scarborough complained that almost every house in her street was a holiday let and no longer occupied by local residents. A councillor in Brighton said there are 3,500 AIRBNB properties advertised in the popular beach town and wants a planning ban on holiday lets and second homes. The holiday let or serviced accommodation (SA) strategy has exploded in recent years with many courses on offer to teach landlords how to increase returns on their investment and avoid tax and rule changes imposed on standard ‘buy-to-let’ property. There is no doubt that you can increase your rental income by using the SA strategy correctly. 4 things to consider before you consider SA or holiday lets as a strategy: Training Lender HMRC Insurance Free Beginners Property Secrets Training: https://bit.ly/3NQxm0p  See omnystudio.com/listener for privacy information.

Rail unions strike for higher pay and better working conditions. More industrial action on the way threatening to stall the economic recover and drive the country into recession. The US and China, the world’s two biggest economies are also stalling, and Germany is facing gas rationing. Inflation is at a 40-year high forcing central banks to raise interest rates pushing up the cost of borrowing for millions of cash-strapped consumers. Stock markets recovered slightly after falling sharply last week. People buying less at supermarkets as food prices rise, BBC reports. Interest Free Loans Launched To Help The Financially Vulnerable A Treasury-backed scheme offering interest-free loans to the financially vulnerable is being rolled out in various parts of the UK to help up to 20,000 people. The UK government scheme will be run by credit unions and other lenders, with an aim is to offer emergency loans to people who would normally be turned down due to the fact they would be unable afford the interest payments. The scheme was trialled in Manchester and is now being expanded in a larger pilot phase to various locations across the UK which will last for up to two years, after which a decision will be made on whether to roll it out further. What will the No Interest Loan Scheme offer? Only available to people who have been turned down for normal borrowing Can borrow between £100 and £2,000. The average amount borrowed is £500 Can borrow the money for six to 18 months. The average length of time is 12 months Customers can only have one no interest loan Soaring inflation led interest payments on government debt to hit the highest amount for May on record. Interest payments paid by the government for last month hit £7.6bn, up £3.1bn from a year earlier. That’s around £245,000,000 a day just to cover interest on government debt! Interest payments have totalled £14.1bn, up £4.7bn year on year, in the current financial year since April. Taxpayers will ultimately have fund the cost of trillions in debt through higher taxes. Even the Nasdaq darling, Netflix, is not immune to the economic slowdown announcing another round of job cuts as it struggles with slowing growth and increased competition. The streaming giant is slashing 300 more jobs - roughly 4% of its workforce - mostly in the US, after a sacking 150 people in May. The news come after the company reported its first subscriber loss in more than a decade in April. Learn how to create wealth and buy and control property using other people’s money! Claim your free Wealth Accelerator Discovery Call with me: https://calendly.com/charleskelly/wealth-accelerator-discovery-call  See omnystudio.com/listener for privacy information.

UK PROPERTY TALK   Key things to consider when buying or selling at auction:   Do you know the difference between buying at auction and buying through the traditional private treaty method that most people use in traditional estate agencies?   Are you buying through traditional or modern auction?   Have you done ALL your homework and survey checks before the auction?   Have you got your finance in place ready to complete withing 28 days of a successful bid?   Are you able to complete the purchase within 28 days of the hammer going down?   Have you got your deposit - 5-10% of the agreed bid price - ready to pay on the day?   Watch video - https://youtu.be/cpFTKpiWbp0   If bidding in an online or physical auction have you ensured that you are fully registered to bid?   Have you read the legal pack or given it to your solicitor to check?   Have you done all your due diligence prior to the auction?   Have you considered why this property is being sold at auction?   Have you set your maximum bid limit?   Do you have a strategy?   Here at Open House South Herts we partner with modern auctioneers to help you sell your property fast with no vendor fees.     We have a number of properties coming up for auction soon listed on our Facebook page Open House South Herts - https://www.facebook.com/estateagentswatfordelstreeandborehamwood [email protected] www.openhousesouthherts.com #property #propertyauction #buytolet #money #propertyinvestorSee omnystudio.com/listener for privacy information.

UK base interest rates have increased from 1% to 1.25%, the fifth consecutive rise, to reach the highest level in 13 years. In America, the Fed went further raising rates by .75% to a target range of 1.5-1.75 percent and forecasts a 3.25-3.5 percent fed funds rate by year-end. It comes as finances are being squeezed by the rising cost of living, driven by record fuel and energy prices. Inflation - the rate at which prices rise - is currently at a 40-year high of 9%, and the Bank – which last year said inflation was “transitory” now warns it could surpass 11% by October. But everyone knows inflation is already well into double digits with heating and fuels bills doubling for many families. Watch video version - https://youtu.be/hlTwicSwPIw In a survey carried out by the BBC some people revealed that they are skipping meals to save money and cutting back on spending on luxuries and entertainment. With no sign of oil and gas prices coming down soon, this all points to a recession. Crypto collapse continues as BTC losses top 70%  Many major cryptocurrencies have fallen by up to a quarter of their value over the past day Bitcoin crashed below $21,000 on Wednesday, dropping a further 10 per cent overnight to reach its lowest level since the end of 2020 - at $20,630 as I write. Ethereum has collapsed from just under $5,000 in November 2021 to just over $1000 and other cryptos have fallen off the cliff. Some cryptocurrencies have since recovered slightly, though analysts warn that the volatility may not yet be over. Bitcoin is trading at $20,630, and has dropped 25% in the past five days alone its lowest value in 18 months. Its peak of almost $70,000, in November, feels like another era. There has never been a more pressing time to learn how to manage your money – you can watch my free training video by clicking here - https://bit.ly/3H2WcbA How to survive What will you do to survive and even thrive in this recession? 80% OF PEOPLE WHO WANT MORE NEVER DO ANYTHING TO EARN MORE Here are my 10 inflation-busting tips: Loyalty cards and money saving and rewards websites can save you thousands Maximise your returns on savings and investments and invest spare cash into assets Clear credit card debts as fast as you can or transfer to interest free offers Abandon ‘brand loyalty’ for better deals on similar products and services Shop wisely at discount store, look for price reductions and stay flexible Cook from scratch and avoid expensive pre-prepared microwavable meals Get control of your finances and stop spending more than you earn Earn more than you spend by increasing your income Get a part-time job – there are millions of job vacancies in the UK Start a part-time side hustle or retrain for a higher paid career. JOIN ME FOR UK PROPERTY TALK SAT 28 MAY 2022 10AM 75% of mortgages are fixed 40% of fixed rate mortgages are fixed for 5 years. More houses in the UK are owned out right with no mortgages than those with mortgages. Register - https://contexttraining.aweb.page/p/c1e369d0-56b1-45a3-8264-0c0a7e875d23 click here to register #property #bitcoin #cryptocurrency #crypto #interestrates #inflation #mortgage #fixedratemortgageSee omnystudio.com/listener for privacy information.

Apple will launch a new ‘buy now pay later service’ (BNPL) scheme in the US to spread the cost of purchases over four to six weeks. The BBC reported last December that over 15 million people in the UK are already using BNPL services run by the likes of Klarna, Clearpay, Laybuy and PayPal. Challenge to traditional; banks. Citizens Advice reported concerns that 12 million adults are using BNPL services to pay for essentials such as food a toiletries. Deferring payment will be made even easier with millions of iPhone users tapping their way into easy debt. The BNPL market is expected to be worth £30 billion by the end of the decade. Apple’s move comes as the cost of living has reached new highs with the cost of unleaded petrol hitting £2 per litre! One haulage firm said the cost of fuelling a truck has risen by £20,000 a year, which will be passed on to customers. The pound fell this week after Boris Johnson survived a vote of no confidence. Although the Queen’s Jubilee celebrations gave a welcome boost to spending on hospitality, consumer spending was down in May as the cost of living continued to rise, according to the British Retail Consortium. Food prices continue to soar as India bans wheat exports and shortages are starting in some countries. There is nothing new about consumer debt, but the speed and ease of obtaining credit almost instantaneously has changed in the last few years. Consumer debt is “dumb” according to Warren Buffett, one of the world’s richest and most successful investors. There has never been a more pressing time to learn how to manage your money – you can watch my free training video by clicking here - https://bit.ly/3H2WcbA Good debt, used for instance to purchase assets, such as property, or start businesses, is smart borrowing, as I explain in my book, Borrow and Grow Rich. The rich and wealthy have been using smart borrowing or ‘other people’s money (OPM) for centuries to finance business ventures and build huge property portfolios. You can learn the secrets of property investing using OPM and build your own portfolio. With inflation running at near double figures the real purchasing power of your cash is being eaten away and will halve every 8 years if consumer prices continue to rise by 9%pa. However, you can use inflation to your advantage using the right assets and good debt. FREE TRAINING – PROPERTY INVESTING SECRETS This Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you 120 minutes of valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday 8 June 2022 at 7pm UK time. CLICK TO JOIN THE LIVE ONLINE EVENT  https://bit.ly/3DlSlCL See omnystudio.com/listener for privacy information.

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In this episode: Market slowdown has already started in UK and US. Sales activity slowing as mortgage rates soar. Property slowdown usually follows a stock market fall, which has happened. Affordability at record high Average UK salary - £31,772 (2021) Average UK house price £278,000 (March 2022) 278,000/31772 = 8.75 x average salary to buy an average property in the UK Inflation over 8% in US and Eurozone, which means higher interest rates. Higher rates could crash the already weakened economy. How will UK market react? A 20% drop in prices will still only leave us to the market was in 2020. Buying and selling at auction – UK Property Talk JOIN ME FOR UK PROPERTY TALK SAT 4 June 2022 10AM Buying and Selling at Auctions – click here to register https://contexttraining.aweb.page/p/c1e369d0-56b1-45a3-8264-0c0a7e875d23 FREE TRAINING – PROPERTY INVESTING SECRETS This Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you 120 minutes of valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday 8 June 2022 at 7pm UK time. CLICK TO JOIN THE LIVE ONLINE EVENT  https://bit.ly/3DlSlCLSee omnystudio.com/listener for privacy information.

Soaring oil and gas prices are crippling western economies and ordinary people are suffering. But there is a way western leaders can end the energy crisis in an instant…watch video.  Check out full video - https://youtu.be/t-yniGn_SKA ECB Warns Of Housing Market Bubble The European Central Bank has warned this week that a housing market correction – caused by faltering economies, inflation and the Ukraine war – could put banks at risk of defaults and hit low-income families. Windfall tax to help people with fuel bills announced In the UK, Chancellor Rishi Sunak has announced a £5 billion package to ease the burden on soaring energy bills for millions of households. The aid will be funded by a controversial ‘windfall tax’ on energy companies which have profited from record oil and gas prices. Every household will receive £400 through their energy bills and the poorest will also receive £650 to help with the rising cost of living. US Fed is planning more restrictive measures to curb inflation including higher interest rates. Letting Agents could be putting landlords at risk of prosecution Most letting and managing agents do a good job for landlords who prefer to keep their buy-to-let properties at arm’s length. However, not every estate agent keeps up with the raft of changes in legislation impacting property rentals in the UK, and a few are completely unaware of the current requirements. There are currently 160 pieces of legislation directly and indirectly affecting tenants and buy-to-let landlords in the UK! The Housing Act and Landlords and Tenants Act are the two main laws governing buy-to-let renting, but they overlap with many other regulations which can easily trip up landlords who reply on their letting agent to ensure they are acting within the law.  In most cases the landlord is ultimately held responsible when things go wrong. This can lead to massive fines, penalties and even imprisonment. In my experience, I found that you should never totally depend on an estate agent to keep you legal when dealing with tenants – because they often do not know all the rules and procedures, which will put me at risk of prosecution or failure to get possession in the event of a dispute or rent arrears. For instance, failure to supply a tenant with required documents such as the How to Rent Guide and the Prescribed Information could result in a judge refusing to grant possession should the landlord need to resort to eviction.  I have been shocked to find that many established agents did not even know what the Prescribed Information was! This could be due to lack of training, but could also to down to laziness and just not bothering to carry out any CPD (Continuous Professional Development). This is particularly prevalent in one-man-band ‘mom and pop’ agents where, unlike national and franchised companies, the owner operator is too busy to research all the changes or attend courses. Franchisees must undergo strict training to start trading, as well as ongoing training and CPD. They are also supervised and have access to support and systems which keep them on the right track. Estate Agents do not have a great reputation in Britain, ranking up there with politicians and lawyers! The poor service I have received over my 30 years as a property investor from estate agents has prompted me to launch my own estate agency business under the excellent Open House Estate Agents franchise banner. The training and support for my team and I has been outstanding, and I will be officially launching in June.  FREE TRAINING – PROPERTY INVESTING SECRETS This Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you 120 minutes of valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday 1 June 2022 at 7pm UK time. CLICK TO JOIN THE LIVE ONLINE EVENT  https://bit.ly/3DlSlCL JOIN ME FOR UK PROPERTY TALK SAT 28 MAY 2022 10AM Number of rental properties growing in the UK – click here to register New research shows the number of UK rental properties has grown by over 1.1m in the last decade, placing the UK in the top 10 globally when it comes to the balance between homeownership and renting. Register - https://contexttraining.aweb.page/p/c1e369d0-56b1-45a3-8264-0c0a7e875d23   click here to registerSee omnystudio.com/listener for privacy information.

Global share prices experienced sharp falls in UK, US and Asia as rising prices and slowing economies spook investors.   On Wednesday, US shares recorded the biggest one-day drop in two years since the start of the pandemic.  The NASDAQ plummeted 4.7% and has opened down again continuing a longer-term decline – down 18% YTD and the DOW JONES declined 14% since the start of 2022.  It’s not only tec stocks being sold off. Blue chips, like Unilever and Tesco’s, have also dropped by 4.4% and 5% respectively. The biggest Faller on the UK market was Royal mail plummeted 12%. The UK FTSE 100 index fell 150 points today.     Inflation Inflation is eating away at your savings as well as costing you more to live. The buying power of your money in the bank is falling by around 10% every year, which means that £1000 will be worth just £900 next year.  In other words, in 12 months’ time your £1000 will buy you the equivalent of £900 of the same goods. In the meantime, the price of those goods are going up by 10%.   If inflation figures were calculated in the same way as they were previously headline rate would be double today’s official rate.   Main points: Retail prices index rising by 13% pa and includes the price of all goods excluding property costs – which have gone up massively. Manufacturers price rises rising by over 15% pa. Commodities, such as oil, wheat, fertiliser and animal feed have gone up by 50% to 100% in some cases. The war is not causing inflation, sanctions are.  UK economy fell in April by 0.1%. US economy declines for first time since 2020.    What can you do to protect yourself and your family? UK Property Talk Show 10AM Saturday. Click link to join: - https://bit.ly/3sjxRa1 How can you not only protect your savings against inflation but also increase the value of your money! Invest in real assets which appreciate in value over time, such as property and shares in profitable businesses. Join me on UK Property Talk to discuss this and other property matters this Saturday at 10 am. Click here to register for UK Property Talk - https://bit.ly/3sjxRa1 See omnystudio.com/listener for privacy information.

London Mayor Calls For 2 Year ‘Rent Freeze’ In London and end to Section 21 ‘no fault evictions’ In an open letter, the London Mayor Sadiq Khan has called on the government to freeze rents in London ahead of the Queens Speech which could see introduction of legislation to end to Section 21 ‘no fault evictions’. The 2019 Conservative Party manifesto committed to a “renters’ reform bill” that would abolish section 21 orders, which enable landlords evict their tenants with eight-weeks’ notice without explaining why. According to the FT, the measures are expected to be included in the Queen’s Speech that sets out the government’s policy and legislative agenda for the next parliamentary session. Campaigners and opposition parties want ‘open ended’ tenancies and an end to what is commonly known as no fault evictions. Currently, landlords who want to take back possession of their property, for instance when a tenancy has come to an end, merely have to serve a Section 21 notice to the tenant. If Section 21 is abolished, it will be far more difficult for landlords to get their properties back and the onus will be on them to show grounds.   Mayor Khan, a former Labour MP and Human Rights lawyer, wrote: I am writing ahead of the Queen’s speech to urge you to take immediate action to ease the cost of living crisis for 2.4 million Londoners by devolving the powers to me to introduce rent control in London. If we do not act urgently to protect renters, spiralling rents could soon translate into a devastating homelessness crisis. I also welcome the government’s commitment to ending section 21, introducing open-ended tenancies and creating a public national landlord register.  Sadiq Khan Mayor of London Electoral pacts Source: The Independent Although the London Mayor has no power to introduce rent controls, there are growing calls on the government to abolish ‘no fault evictions’ in the current parliament, which will be disastrous for the private rental market.  The vast majority of 'buy-to-let' landlords are small investors with one or two properties, and many are accidental landlords. Landlords I have spoken to said they would pull out of the market if 'open tenancies' were forced upon them and would be too nervous to rent out a property to a tenant were they would not be sure about getting back possession at the end of the tenancy. Join me on UK Property Talk to discuss this and other property matters this Saturday at 10 am. Click here to register for UK Property Talk - https://bit.ly/3sjxRa1 You will be sent a link to join this exclusive live event.Beginner's Property Secrets Virtual Event - 24th May 2022 Register - https://bit.ly/3MCILAV Don't know anything about property investing? Start at the beginning with Beginners Property Secrets, Progressive Property's complementary full-day virtual training workshop. Post Lockdown Property Investing Is Here! Don’t wait another year to get into property, take action and make that commitment today, because if you're not fully committed to mastering property, it's going to hurt you. While many investors, particularly first timers, are struggling to find below market value deals for flipping or renting out, a small group of private but hard working beginners in the Progressive Community have been making job replacing incomes all throughout lockdown and you can too. The 'secret'? It's all about knowing what to look for, where, and when. So let's sort out your property investing strategy, your goals and getting you the results you want once and for all. Beginner's Property Secrets Virtual Event - 24th May 2022 Register - https://bit.ly/3MCILAV What Are You Going To Learn? In just one evening, we will be sharing with you the cashflow strategies that the real successful property investors are using right now, including... How to get started in property in 2022 Many different strategies YOU can use depending on your circumstances, including the Buy, Refurbish, Rent, Refinance strategy How to do this with little money of your own or by using other people’s money All with a live Q&A at the end to get your personal questions answered And more! Will we see you there? Register your place at the virtual Beginners Property Secrets workshop today. Beginner's Property Secrets Virtual Event - 24th May 2022 Register - https://bit.ly/3MCILAVSee omnystudio.com/listener for privacy information.

In the episode: Market update Market slowing say Nationwide Surveyors down valuing Slow service at Land Reg and Local Authorities When is the best time to buy? How the rich use Inflation, debt, low Interest rates and rising asset prices to increase their wealth Inflation 9% Mortgage Rate, e.g. 4% Asset prices rising Debt being inflated away! Leverage Beginner's Property Secrets Virtual Event - 24th May 2022 Register - https://bit.ly/3MCILAV Don't know anything about property investing? Start at the beginning with Beginners Property Secrets, Progressive Property's complementary full-day virtual training workshop. Post Lockdown Property Investing Is Here! Don’t wait another year to get into property, take action and make that commitment today, because if you're not fully committed to mastering property, it's going to hurt you. While many investors, particularly first timers, are struggling to find below market value deals for flipping or renting out, a small group of private but hard working beginners in the Progressive Community have been making job replacing incomes all throughout lockdown and you can too. The 'secret'? It's all about knowing what to look for, where, and when. So let's sort out your property investing strategy, your goals and getting you the results you want once and for all. Beginner's Property Secrets Virtual Event - 24th May 2022 Register - https://bit.ly/3MCILAV What Are You Going To Learn? In just one evening, we will be sharing with you the cashflow strategies that the real successful property investors are using right now, including... How to get started in property in 2022 Many different strategies YOU can use depending on your circumstances, including the Buy, Refurbish, Rent, Refinance strategy How to do this with little money of your own or by using other people’s money All with a live Q&A at the end to get your personal questions answered And more! Will we see you there? Register your place at the virtual Beginners Property Secrets workshop today. Beginner's Property Secrets Virtual Event - 24th May 2022 Register - https://bit.ly/3MCILAVSee omnystudio.com/listener for privacy information.

In this episode: Renters Reform Bill announced in Parliament. Planning reform Property prices Demand has jumped for properties where all the bills are included in the rent, according to Rightmove. The property website said inquiries for build-to-rent homes with bills included had risen by 36% over the past year. It comes as two students had to pay £27,000 up front to secure a Cardiff flat, due to rental market demand. The Welsh government plans to consult on rent control for private rentals. Rents are rising at the fastest rate for more than 13 years, according to property experts Zoopla. They said this is because of limited supply, caused by an "exodus" of private landlords. Last month, Wales had the biggest annual jump in rental prices outside of London - up 13.9% to £882 per month according to Rightmove. UK Property Talk Show 10AM Saturday. Click link to join: - https://bit.ly/3sjxRa1 UK Economy dips last month following US quarterly fall in output. The vast majority of 'buy-to-let' landlords are small investors with one or two properties, and many are accidental landlords. Landlords I have spoken to said they would pull out of the market if 'open tenancies' were forced upon them and would be too nervous to rent out a property to a tenant were they would not be sure about getting back possession at the end of the tenancy. Join me on UK Property Talk to discuss this and other property matters this Saturday at 10 am. Click here to register for UK Property Talk - https://bit.ly/3sjxRa1 You will be sent a link to join this exclusive live event.See omnystudio.com/listener for privacy information.

The Bank of England has warned that the UK economy will shrink this year as it raises interest rates to try to stem the pace of rising prices. Base rates were hiked to 1% from 0.75% (50% higher), their highest level since 2009 and the fourth consecutive increase since December. With fuel, energy and food costs soaring partly due to the Ukraine war, inflation is now at a 30-year high and will reach 10% by the end of the year, according to Bank of England Governor Andrew Bailey.  Ordinary people are starting to rein in spending which is hitting growth. Will higher interest rates curb inflation? Higher interest rates make it more expensive for consumers and businesses to borrow, leading to lower spending and demand. People start spending less, demand for goods and services cool slowing the pace of price rises. However, there are some economists who think that that increases in interest rates may have little effect in a situation of rising global oil and gas prices. The Bank of England’s Monetary Policy Committee (MPC) said the UK economy is expected to contract in the final three months of this year. It is also expected to shrink by 0.25% in 2023, down from the Bank's previous forecast of 1.25% growth. The MPC has also slashed its growth outlook for 2024 to 0.25%, down from 1%. Bank of England governor Andrew Bailey said the UK was set for "a very sharp slowdown" but declined to call it a recession. A majority of six members of the Bank's MPC voted to lift interest rates to 1% but the remaining three members wanted a steeper rise to 1.25%. The Bank now expects inflation to hit 9% in the coming months - up from its previous forecast of 8% - and to reach 10.25% by the end of the year. Fed raise rates by highest in 22 years The US central bank has announced its biggest interest rate increase in more than two decades as it toughens its fight against fast rising prices. The Federal Reserve said it was lifting its benchmark interest rate by half a percentage point, to a range of 0.75% to 1% after a smaller rise in March. With US inflation at a 40-year high, further hikes are expected. Last year, the Fed and BOE claimed that inflation was transitory and temporary. Stock markets around the world ended the week in the red with the Nasdaq falling 5% on Thursday, the largest fall in two decades. To help you get through this and come out stronger at the other end I am offering subscribers a free MONEY MASTERCLASS.  Join me for an intimate Money Masterclass this Wednesday The NEW WAY to build your wealth, IMMEDIATELY GET CONTROL of your money and learn how you can become FINANCIALLY FREE in 28 days using my S.M.A.R.T MONEY FORMULA!With inflation at a 30-year high there has never been a better time to join me for this brand new Money Masterclass! I am inviting a small group of people only to join me this WEDNESDAY 7PM for an intimate S.M.A.R.T Money Masterclass!>>> REGISTER HERE - https://contexttraining.aweb.page/p/101d6194-4fe4-4036-8cc8-615ecc35f857 Secure your seat now!See omnystudio.com/listener for privacy information.

The world’s largest economy contracted by an annualised rate of 1.4% in the first three months of this year. The sharp drop follows growth of over 6% in the final quarter of 2021. Business insolvencies in England and Wales jump to 60 year high. Rapid increase in voluntary liquidation is driven by inflation and supply chain difficulties.  World Bank warns of human food catastrophe and war causes shortages and soaring prices.  Food prices are now at the highest rate since UN Food Index tracking records began 60 years ago after jumping 13% in March.    What does inflation mean to you?   The costs of goods and services has risen by 49.4% since 2010, which means you need £14,936 to have the same buying power as £10,000 in 2010.  Stock Markets jittery Stock markets in Europe and Asia fell sharply this week at n fears of Chinese lockdowns but later recovered.  House prices still rising in the UK A shortage of family homes continues to drive up demand despite recent interest rate rises. 3 quick tips to GET CONTROL of your finances in times of rising prices.  1. Get control of your outgoings and expenditure. 2. Get control of debt. 3. Get control of spending. Also check out my ‘5 Inflation-Busting Tips’  for money saving ideas to help you through this. -https://youtu.be/2jZCO4V7uX0 Make the most of your money and resources and learn how to get control and manage your finances. Consider investing in real assets which tend to hold their value and act as a hedge during times of high inflation. Assets like property, stock and shares and gold have long been held as a long-term inflation hedge. Do people get rich during recessions and depressions? The answer is yes! To help you get through this and come out stronger at the other end I am offering subscribers a free MONEY MASTERCLASS.  Join me for an intimate Money Masterclass this Wednesday The NEW WAY to build your wealth, IMMEDIATELY GET CONTROL of your money and learn how you can become FINANCIALLY FREE in 28 days using my S.M.A.R.T MONEY FORMULA!With inflation at a 30-year high there has never been a better time to join me for this brand new Money Masterclass! I am inviting a small group of people only to join me this WEDNESDAY 7PM for an intimate S.M.A.R.T Money Masterclass!>>> REGISTER HERE - https://contexttraining.aweb.page/p/101d6194-4fe4-4036-8cc8-615ecc35f857 Secure your seat now!See omnystudio.com/listener for privacy information.

Food Shortages on the way – time to act! Food shortages and even rationing could be on the way as the Russia Ukraine war continues. Sanctions against Russia are forcing up the price of everything from oil and gas to wheat and Fertiliser chemicals. This is adding to existing problems of inflation caused by ‘government money creation’, soaring shipping costs and supply chain issues in China. Farmers are warning of coming food shortages, as items like cooking oil disappear from supermarket shelves. “Over 36 countries depend on Russia or Ukraine for half their wheat imports” Antonio Guterres, UN Secretary General In a broadcast this week, the UN Secretary General warned of rising poverty and added: Wheat up 30% Oil up 60% Natural Gas up 50% Fertiliser up 100% The National Farmers Union (NFU) reports: “Ukraine is a major supplier of wheat, barley, maize and oilseeds (particularly sunflower oil and meal) to the global market meeting the needs of an estimated 400 million people worldwide. The interruption of that supply with the closure of the Black Sea ports is being hardest felt in North African and the Middle East countries most reliant on Ukrainian wheat. “The World Food Programme estimates that its operational costs of feeding food insecure people will increase by €26 million per month compared to current levels, €64 million per month compared to pre-pandemic levels.” The NFU warns of “an acceleration in the rise of commodity prices”. “Global commodity prices were already rising steeply as the world economy emerged from the pandemic – over the last 18 months wheat prices have risen nearly 110%, maize and vegetable oil prices are up 140%, and soybean prices are up 90%. The conflict in Ukraine has accelerated the rise in commodity prices, with wheat prices increasing 70% since the invasion.” Source: NFU Signs of poverty are already being seen in the UK, a wealthy country. $50 billion was wiped off the value of Netflix as its share price dropped 35% following reports that the company lost 200,000 subscribers in the first quarter of 2022. Economy is in winter season right now but…winters don’t last forever! Bulk buy non-perishable consumer goods and food as a hedge against inflation Buckle down, tighten your belts and get through this, you will survive!  Consider spreading the cost on direct debit to cushion the blow. Build your credit lines and watch your credit rating like a hawk. Earn more cash by doing part-time jobs or a side-line business. Watch my ‘5 Inflation-Busting Tips’  for money saving ideas to help you through this. -https://youtu.be/2jZCO4V7uX0 Make the most of your money and resources and learn how to get control and manage your finances. Consider investing in real assets which tend to hold their value and act as a hedge during times of high inflation. Assets like property, stock and shares and gold have long been held as a long-term inflation hedge. Remember, you are not alone. Get help, take advice, and use debt counselling services like Citizens Advice if you are having trouble.  Can you take proactive steps to increase your wealth?  Do people get rich during recessions and depressions? The answer is yes! To help you get through this and come out stronger at the other end I am offering subscribers a free MONEY MASTERCLASS.  Join me for an intimate Money Masterclass this Wednesday The NEW WAY to build your wealth, IMMEDIATELY GET CONTROL of your money and learn how you can become FINANCIALLY FREE in 28 days using my S.M.A.R.T MONEY FORMULA!With inflation at a 30-year high there has never been a better time to join me for this brand new Money Masterclass!I am inviting a small group of people only to join me this WEDNESDAY 7PM for an intimate S.M.A.R.T Money Masterclass!>>> REGISTER HERESecure your seat now!>>> REGISTER HEREJoin me LIVE…Here’s a reminder of what we’ll cover in the training:1. HOW TO GET CONTROL OF YOUR FINANCES2. HOW TO BE FINANCIALLY FREE IN 28 DAYS3. HOW TO ACCUMULATE WEALTH>>> REGISTER HEREWith so much uncertainty in the world, with businesses, jobs and the economy being turned on its head, there's never been a better time to take ownership for what you can control!Book your place now NOW.I look forward to seeing you there!Best,CharlesP.S. There are limited places available. We’ve had a HUGE response already! Do not miss out - REGISTER YOUR SEAT NOW REGISTER HERE  - and join me to discover how to build wealth, IMMEDIATELY GET CONTROL of your money and learn how you can become FINANCIALLY FREE in 28 days using my S.M.A.R.T MONEY FORMULA!See omnystudio.com/listener for privacy information.

The controversial Tesla boss has offered $54 a share valuing Twitter at $40 billion. Musk, who refused a seat on the board after becoming Twitter’s largest shareholder earlier this month, said he is the right person to “unlock” the social media platform’s “extraordinary potential”. As the share price jumped 5%, he warned that he would have to “reconsider” his stake in the company if his bid was refused. The billionaire has taken Tesla from start-up to the world’s most valuable car maker. See video version - https://youtu.be/NcZztHe9qzs Trouble ahead as consumer prices reach highest level since 1992 “Over 36 countries depend on Russia or Ukraine for half their wheat imports” Antonio Guterres, UN Secretary General In a broadcast this week, the UN Secretary General warned of rising poverty and added: Wheat up 30% Oil up 60% Natural Gas up 50% Fertiliser up 100% These essential commodities affect all our daily lives and have risen in price far above the published inflation rate.  Official CPI inflation in the UK is now at 7% pa and, with commodity prices soaring, could reach double digits before the year end. Prices are going up at the fastest rate for 30 years when the UK was in recession and the property market was stagnant. Pay rises are falling behind against the cost of living, which means people have less money to spend on luxuries after paying for essentials. Businesses are facing the dark prospect of higher costs and lower income.  Savers are seeing the value of their capital eroded by inflation – every £100 will buy £93 next year if the rate stays the same. Economy is in winter season right now but…winters don’t last forever! Buckle down, tighten your belts and get through this, you will survive!  Consider spreading the cost on direct debit to cushion the blow. Build your credit lines and watch your credit rating like a hawk. Earn more cash by doing part-time jobs or a side-line business. Bulk buy non-perishable consumer goods and food as a hedge against inflation. Watch my ‘5 Inflation-Busting Tips’  for money saving ideas to help you through this. -https://youtu.be/2jZCO4V7uX0 See omnystudio.com/listener for privacy information.

UK house prises continue to rise due to a shortage of family homes, the Halifax reports Despite the worst recession since the second world war, the price of the average home in the UK has rocketed by £43,577 since the start of the first lockdown two years ago, the Halifax has said. The UK’s biggest mortgage lender said the 18.2% rise increased the cost of an average home to £282,753. Buyers seeking more space saw a 21% rise in the price of detached homes compared with a 11% rise in flat prices over the same period. Higher mortgage rates will start to reduce buyer affordability and the amount people can borrow, which may dampen prices. Increased living costs will inevitably affect how much first-time buyers can save, borrow and spend on a property. As we enter the traditional springtime buyer activity season, estate agents are already reporting continued demand and a shortage of larger family houses, which means sellers can obtained higher prices. Full article Funeral plan provider goes bust – what do you now if you have a prepaid plan? Following the recent utility providers bankruptcies, another inflation-led disaster is brewing in the funeral industry. Safe Hands, a UK ‘prepaid funeral plan’ provider, has collapsed into administration, leaving thousands of customers worried about what to do now, plus many others concerned that other companies will follow suit amid soaring costs and inflation.  Insurance vs Prepaid Funeral Plans The other way of providing for future funeral costs is the traditional method of taking out insurance which pays out on your death.  I have far more confidence in insurance companies, like Legal and General and Sun Life, that have been around in some cases for over a hundred years than a funeral plan provider. Insurance companies are heavily regulated and employ actuaries to calculated liabilities years into the future. They also have reserves which can see them through the bad times like world wars, recessions and depressions. Funerals can easily cost in excess of £5,000 excluding the burial plot.    Safe Hands, Dignity Funerals Limited will provide existing customers with funeral care arrangements until 20 April 2022, and customers should contact the customer services team on 0800 640 9928. There is no confirmed plan in place after 20 April.  Worryingly, six funeral plan providers have not even applied for authorisation See the FCA website to find a published list detailing which firms have yet to apply for authorisation, as well as those who are transferring their books to other providers. There are six companies who have not yet applied for authorisation are: If your provider does not get authorised by the FCA you have no protection from the FSCS should your funeral plan provider go into administration before 29 July, or if it has its FCA application refused. In the meantime, customers will have greater protection when taking out a prepaid funeral plan on or after 29 July this year. Other Financial News NI tax rises kick in, most employers and employees will pay an extra 1.25p in the pound, but lower paid will pay less due to recent threshold changes in Rishi Sunak’s budget.  Economic winter The economy is in winter, but winters are tough but they never last forever. Like the farmer who prepares for the next season’s work, now is the time get ready and come out even stronger when the recession ends. To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. To help you get through this and come out stronger at the other end I am offering subscribers a Free Wealth Discovery Accelerator Call. I will personally speak to you to help you accelerate your wealth building journey. Click HERE to schedule a call with me. See omnystudio.com/listener for privacy information.

Many of us have baggage that we carry around throughout our lives like a camel.  Most of these limiting beliefs or fixed ideas are things that we have learned through experience from people or events in our lives. Some of these come from a parents, friends, lovers, teachers and so on.  Unfortunately, many of these beliefs are negative. They have not come from successful, positive people, but usually from unsuccessful, negative people that we encounter in our lives.  We carry these beliefs around like backpacks which weighs us down throughout our lives.  We drag them into new relationships and expect people to accommodate us and our emotional baggage. Examples of these beliefs could be:  I don’t trust men, I don’t trust women Rich people are greedy crooks or evil Money is the root of all evil or is bad for us People who are nice to us want something in return. People of a certain race, age or gender are this way or that way Learned beliefs are deeply ingrained into our minds like a default setting, which you can replace with a new setting.  We will continue to carry beliefs around and unless we deal with them they will slow us down for the rest of our lives. Instead of taking the ‘beliefs backpack’ off of our backs and mentally throwing on a virtual fire, we expect people to “deal with it” because “this how I am” so “take it or leave it”! It’s as if we simply expect people to accept and accommodate our limiting beliefs. Maybe we don’t say it directly, but indirectly you are pigeonholing people you probably don’t even know based on your past experiences.  You’re saying, this is what I believe because I’ve had a bad experience with some loser or abuser, therefore I’m going to hold back on everyone else based on this one bad experience.    It’s absurd when you think about it! At the extreme end, people are killing each other because of difference in beliefs over different variations of the same religion! A believe is something that you learn and accept as the truth. Once we have a belief lodged in our head ii will stay there until we change the default sessions.  For instance, you may have been brought up with a certain faith or set of values and refuse to accept anyone who does not meet your standards.  You may have been brought up to believe that people from another country are bad based on the fact that your country once had a war with their country. This could be a recent war or a war that happened a century ago.  Beliefs can be formed unconsciously by the behaviours of others, such as our parents, with whom we spend most of our time. People who have had abusive parents often, but not always, go on to become abusive themselves. It might sound like a cliche, but many inmates in prison have come from broken or even abusive homes. People whose parents have never worked and lived on benefits can pass this habit on to their children. There are areas of the UK where there are three generations of families who have never worked and just lived on benefits.   A recent report in the UK found that the third of children worry about family finances On the other hand, children from loving and successful homes are more likely to pick up those success habits. Again, this is not always the case but from my observation I’ve seen it time and time again. When I wrote ‘Yes money can buy happiness’, I wrote about people’s limited money beliefs that hold them back in life and even put a subconscious ceiling on how much they can earn.  Whilst money obviously plays an important part when it comes to living a happy and secure life, it’s not the be all and end all. In fact, most of our happiness comes from other people around us. Think of a time in your life and you feel happiness and joy. Can you picture in your mind? Where are you? Who are you with? Was it with friends, family or someone you love? It’s unlikely that it was sitting alone having dinner in front of the TV, right? There are those of you who think being single and living on your own is cool and part of modern life, but let me tell you that for millions, being alone sucks! Humans and most animals were simply not designed to be alone and isolated. For thousands of years we’ve lived in tribes, groups and communities. As the number of people living in single households in the UK has reaches record levels, so has depression, mental illness and suicide despite living in the most prosperous time in history. Yes, you see beautiful young people sitting in Starbucks with the iMac looking cool, but are they really happy and fulfilled? Happiness does not come from pleasure. Happiness comes from living a fulfilled life filled with love and activity. Happiness comes from giving and sharing, building a life with someone you love, raising children, going through struggles together for building a business.  You really need to deal with your negative learned beliefs otherwise they will ruin your life and cause you to repeat the same mistakes over and over again.   Moving towards and moving away from goals Many philosophers in the past have discussed the fact that we do things based on moving towards pleasure or reward and or moving away from pain or discomfort You might have a goal to earn more money or own the house of your dreams, which would be a moving towards goal. On the other hand, if you have a goal to lose weight or give up smoking that’s a moving away from goal. A conflict arises when the pull of pain or pleasure is greater than your desire to achieve something. If you are trying to lose weight, but really enjoy sweets and sugary foods then you have a conflict of interests. You know that in order to lose weight you must cut down on sugary foods, but the pleasure of eating those foods is so great, and stronger than your desire to lose weight, that you cannot give them up. If you’ve had a bad experience with your previous partner or spouse, you may want to trust the new person in your life, but the negative pull of the previous experience is so great that you cannot let go and form new relationships. Letting go is key.  When I was a child living at home, we had a lovely little dog who brought fun and pleasure to the family’s life. Obviously dogs don’t live as long as us so when that dog died it was so painful the for the family that we never wanted to have a dog again. The pain of losing the dog was so great that it deprived us of enjoying another pet.    Letting go I recently watched a BBC documentary about a group of Holocaust survivors who had their portraits commissioned by Prince Charles.  These five people had been through the most horrific experiences imaginable in Nazi concentration camps. They had every reason to lose faith in human nature and hold on to the negative experience.  Despite this, they had gone on to lead happy and successful lives. They showed no bitterness in their faces and had learned to let go of the baggage of the past, forgive, trust people and be happy.  There are many books, techniques and guided meditations available to help you unblock or get rid of limiting beliefs. Find something that works best for you and helps free you from any beliefs which are holding you back.    Economic winter The economy is in winter, but winters are tough but they never last forever. Like the farmer who prepares for the next season’s work, now is the time get ready and come out even stronger when the recession ends. To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Check out my new training to help you get control of your finances and learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCrSee omnystudio.com/listener for privacy information.

Spring may be in the air, but the economy is still very much in winter! Like the seasons, the economy and markets are subject to natural cycles. We have had a long upturn and bull market and now we are entering a downturn or bear market. Inflation has reached a 40-year high, prices of everything going through the roof and a war causing a food a fuel crisis. Stock markets have been falling from their recent highs, and the property market may have reached a peak as demand slows. Watch video version - https://youtu.be/2jZCO4V7uX0 Last week, hundreds of workers for P&O Ferries were fired without warning on Twitter and replaced by cheaper agency staff. How would you cope if you lost your job?  Do you have sufficient savings to pay your bills?  How long will your savings last? What will you do to survive and even thrive in this recession? Here are my 5 inflation-busting tips: Loyalty cards and money saving and rewards websites can save you thousands Maximise your returns on savings and investments  Clear credit card debts as fast as you can or transfer to interest free offers Abandon ‘brand loyalty’ for better deals on similar products and services Get control of your finances and stop spending more than you earn Winters are tough but they never last forever. Like the farmer who prepares for the next season’s work, now is the time get ready and come out even stronger when the recession ends. To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home. Check out my new training to help you get control of your finances and learn how to become financially free in 28 days! Click to join: https://bit.ly/3isugCr #money #business #stockmarket #property #foodprices #freetraining #financialfreedom #inflation  See omnystudio.com/listener for privacy information.

The US Federal Reserve is raising interest rates for the first time since 2018 in an attempt to bring fast-rising prices under control. The US central bank said it was lifting its benchmark rate by 0.25% and signalled plans for further rate rises in the months. Watch video version The Bank of England increased rates for the third time in the last six months to .75%. The moves come as the economy faces new uncertainty caused by the Ukraine war and coronavirus outbreaks in China. They are expected to have widespread global repercussions. By increasing rates, the Fed will make it more expensive for households, businesses and governments to borrow. It is hoping that will cool demand for goods and services, helping to ease price inflation in the US, which hit a new 40-year high of 7.9% last month. U.S. and other global stock prices have been falling since the Federal Reserve warned that they would finally slow down their massive monthly bond-buying scheme and begin hiking interest rates – kept artificially low since the 2008 financial crash - in 2022.  The Fed's aggressive bond-buying scheme literally just ended last week. Rising interest rates do not necessarily mean falling stock prices, as was the case in previous hikes. Consider this simple chart I recently created which shows how the S&P 500 index has reacted to Fed interest rate changes over the last 20 years.  US stocks ended 2.2% higher on the news.   OECD warns that Ukraine war “could” hit world growth, really? We’d never have guessed!   What is the real inflation rate…and what are the consequences of soaring prices for ordinary people?   Free Financial Training!   Get control of your finances in 2022. We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free! If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2.  #property #inflation #money #business #stockmarkets #interestrates #nomoneydownproperty  See omnystudio.com/listener for privacy information.

Sanctions on Russia are having a negative impact on Western economies at a time when they were starting to recover from the pandemic led recession.   As the US and UK bans imports of Russian oil, and price of oil soars to near record levels, it has been reported that Middle East leaders refused to speak to President Biden. This could signal a major shift in the world balance of power away from US dominance.   Food prices will rise even higher as wholesale wheat and fertilizer prices rise.    The price of filling up the average family car with petrol has gone above £90, and in the US where petrol was always so cheap it has now hit $4 a gallon.    This will inevitably mean less available money for people to spend in the wider economy.    Stock markets around the world have been falling in the last month, but commodity prices and precious metals are going through the roof!    Take a look at Gold, Silver, platinum and Uranium.    Gold up 13.9% in last month. Silver up 13% in the last month Palladium up 9%.   The price of Uranium, used in nuclear fuel, has risen to a near 10 year high and 30% in the last six weeks. Some Uranium stocks have shot up by over 50% recently.   When you include higher interest rates, this mirrors the situation we had before the 2008 financial crisis.    The price of oil impacts just about every part of our economy.    Money Saving Tips   There have already been warnings last year of rising food prices due to higher fuel costs, and even the UK post office has announced that it will be increasing the price of a first class stamp by 10p to 95p on the 4th April.    Tip. If you want to stock up on stamps you could save yourself a 12% rise, which about 120 times more than you can earn leaving your money in the bank on deposit!   If you live in the UK, now is the time to start thinking about topping up your ISAs and Pensions before the end of the tax year on 5 April.   Don’t leave your money in the bank! Well, not the same bank anyway.    Firstly, your deposits are only protected up to £85,000 by the Deposit Protection Scheme.   Secondly and more importantly, you could double the return on your deposits and ISAs by switching banks for a better deal. My own bank has not increased savings rate despite TWO recent interest rate hikes. Loyalty does NOT pay!   Get control of your finances in 2022.   We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free!   If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.   I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2.    #property #inflation #money #business #stockmarkets #interestrates #nomoneydownproperty #immigration #silver #uranium #Gold #oilprices #food #sanctions  See omnystudio.com/listener for privacy information.

Oil and Gas price soar amid supply chain worries after the Russian invasion of Ukraine.  With inflation already soaring to 30-year highs there is no sign of relief for businesses and consumers recently hit with higher prices for petrol and gas. UK and European stock markets fell sharply with the FTSE 100 closing down 190 points (2.57%) and the FT250 down 696 or 3.57%. US markets are also down wiping billions of dollars off the value of western companies.  Russia’s economy appears to be in freefall as sanctions force a collapse of the Rouble and Russian stock market. Businesses are severing ties with Russia and lending markets are being closed off. In the UK, MP’s are under pressure to seize assets of billionaire Russian Oligarchs linked to the Putin regime. Roman Abramovich has put his multi-million pound Kensington house on the market for a quick sale, along with his beloved Chelsea football club. Sanctions will also have a negative effect on western economies. In the UK, energy bills could reach £3,000 per annum sucking more cash out of the wider economy. With Russia and other countries seeing dollar denominated assets seized or sanctioned, could we be witnessing the end of the dominance of the US dollar as the world reserve currency? Property News HMO landlords renting rooms on an ‘bills included’ basis will be hit with massive cost increases this year. Gas prices have already doubled and could go even higher if the war chokes off supplies. The Nationwide survey was published this week and reported a 12.6% annual increase in UK house prices to February 2022. The cost of a typical UK home rose by a record £29,162 in the last year, the biggest cash increase in property prices since it started collecting comparable data in 1991, according to the Building Society. The price of an average UK home is £260,230 but around double that figure for most of London and the Southeast. Property prices are being driven by continued demand from buyers who are competing for relatively few properties on the market, especially larger homes outside of big city centres. Second property owners in some parts of Wales could face a 300% council tax hike in a bid by the Welsh government to make homes more affordable for local people. London sales and rentals appear to be bouncing back as people start to return to the office, but retail shops and cafes have taken a hammering in the last two years and thousands have closed for good. Take a look around any shopping mall or high street and you will see many empty units. Whether property prices can continue to rise in the current economic climate remains to be seen. You can learn how professional property investors make money whether the average market is moving up or down, with the biggest opportunities coming during a recession or downturn which is looking more and more likely.   Get control of your finances in 2022. We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free! If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2.  #property #inflation #money #business #stockmarkets #interestrates #nomoneydownproperty #immigration See omnystudio.com/listener for privacy information.

Billions are being wiped of the value of stock markets all over the world today on the news that President Putin has sent his army into Ukraine. The prices are flashing red and moving down. On Thursday, the FTSE lost over 3% or 300 points and the Dow Jones was down nearly 700 points by 2%. Watch video version - https://www.linkedin.com/groups/8943012/ The FTSE is down 10% since January. The US S&P and Nasdaq indices are also down over 10% from recent highs, which is entering into correction territory.  Oil topped $100 a barrel and gas prices jumped again threatening to send western economies further into recession. Consumers will be hit with higher petrol, gas and food prices as sanctions are imposed on Russia. Will property follow stock market falls? Property prices in the US could have peaked after a 20% spike last year as higher mortgage rates (anticipating a rate increase by the Fed) are already hitting buyers and refinance applicants. UK average asking prices in February were up by a record £7,785 compared to last month. Demand is being driven by ‘second steppers’ in search of more space sending prices nearly £40,000 higher than since the start of the pandemic. The price of property coming to market rose 2.3% in February, or £7,785, according to Rightmove’s latest House Price Index. Whilst the UK market is still buoyant, the two recent interest rate hikes to .5% will make it more expensive to buy and remortgage property. End of tax year tax saving hints.  With the end of the fiscal year looming on 5 April, now is the time to start tax planning your ISA and pension contributions. You can put up to £20,000 into a tax-free ISA each fiscal year, as well as maximising your pension contributions. If you are in the UK and earn less than £18,570 a year from income and savings interest, your savings interest is tax-free due to tax-free savings and the starting savings rate. There are other more specialist tax saving investment schemes, such as Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs). Talk to an independent final adviser. Get control of your finances in 2022. We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free! If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2.  #property #inflation #money #business #stockmarkets #interestrates #nomoneydownproperty #financialfreedom #isa #pension #EIS #VCT #mortgage #mortgage #propertybuyer See omnystudio.com/listener for privacy information.

What can you do to prepare for the coming recession?   Signs of a downturn include:   Household electricity and gas bills are doubling.    Cost of petrol at the pumps highest it’s ever been.    Raw materials up by over 30%, cost of shipping is up 10 times.    The UK official inflation rate is now the highest it’s been for 30 years.    Food and essential household item inflation is running at 20 to 30%.    Farm prices, fertiliser and seed are all soaring, with fertiliser up to hundred percent on last year due to the rising price of natural gas used in the production of nitrogen-based fertilisers.   Food inflation is rampant and unlikely to slow this year making life much harder for ordinary families.    Families will spend more on household essentials, such as fuel and petrol, sucking money out of the wider economy which will affect company earning.   A stock market correction or crash would reduce investment, increase unemployment and loss of billions in people’s savings.   A property crash could lead to substantial losses, mass repossessions and a squeeze on lending.   In a previous podcast last year, I advised followers to “invest” in non-perishable foods and household goods, as prices were likely to rise faster than most other investments you could put your money into.    US national debt now exceeds $30 trillion or 128% of GDP. In 1980 the US National debt was just 34% of GDP and in 2000 59% of GDP. UK national debt is over £2 trillion.    Greedy banks are failing to pass on interest rate rises to savers despite two recent hikes by almost .5%.   8 tips to survive the coming recession   Make a spreadsheet of all your income and outgoings. I cover this in my books and many of my podcasts. This is vital if you are going to get control of your finances and a must during a downturn when your income will be squeezed.    Tighten your belt. Cut out all unnecessary expenditure and check those standing orders and direct debit‘s to get rid of memberships and services you no longer require or use. Unfortunately, this has a knock on effect on businesses and almost becomes a self filling prophecy driving the world further into recession.   Reduce credit card balance or pay off if possible. With credit card interest running anywhere between 18 and 40%, it makes no sense to have money in the bank earning less than 1%. You should still have a cash reserve but if you can pay off cards or switch them to lower interest or interest free deals then by all means do so as this will save you a fortune in interest payments.   Build up a cash reserve of 6 to 12 months of outgoings. This is essential during a downturn when the job may not be safe. Everyone should have cash reserves equivalent to 6 to 12 months of household expenditure. In reality, 90% of people have no savings and are only a couple of salary payments away from bankruptcy and homelessness.   Take a part-time job to earn extra money or change jobs. With inflation running at record rates, your income, even with pay rises, will not be keeping pace with rising costs. You may need to consider finding ways of earning extra money through a part-time job or home-based business.   Review your investments. Review your investments to ensure that you are not exposed to a stock market downturn or crash. This includes your pension funds and any savings ISAs or mutual funds. Seek independent financial advice. Fund managers and advisers will often advise you to stay in the market even if it’s going down.   Review your mortgage, insurance loans and suppliers. Reviewing your loans and suppliers can save your fortune and is even more important during the recession. Loyalty does not pay. I have saved thousands of pounds by switching mortgages, utility suppliers and insurance contracts.    Finally, stay positive and plan to come out of this recession even stronger. During a recession, many people give up and say things like, there’s no point in working because nobody’s got any money. Make sure you are working harder than the competition.    Warning    Free access to Groove Funnels and lifetime offer ends 22nd of February.   Yes, free Access to GrooveFunnels - the new best way to build better websites, sales funnels and web pages that sell and build your business!   - Free for LIFE - No games. No fine print. - No credit card needed ever! - $99/month value… Now free. - Grab your account while you still can!   Take a closer look at it yourself, and pick up your free account while you’re there: https://groovepages.groovesell.com/a/uy9VcdqIvopT   Lifetime access offer ends 22 Feb! If you get your account right now, you’ll still be able to keep your account for life, including all the future updates to the tools. Take some time to learn all about the software, but be sure to grab your free account before it’s too late.See omnystudio.com/listener for privacy information.

With central bank rates rising around the world to control inflation, mortgage rates will be going up for millions of borrowers.  If you have a long-term fixed rate mortgage you have nothing to worry about at the moment. However, roughly one quarter of borrowers in the UK are on variable or tracker rates, which means they could be facing substantial payment increases as base rates look set to continue upwards. The UK has just increased rates again - by .25% to .5%, and the US Federal reserve in look set to raise interest rates earlier than expected to combat a 7.5% inflation rate not seen since the 1980’s.  The boss of Tesco, Britain’s biggest supermarket, John Allan, said “worse is yet to come” as warned this week of further food price increases. If you’re a Marmite lover you’d better stock up as the maker is about to charge more for the popular spread due to rising costs. Unlike the US, most UK borrowers are on relatively short-term fixed rate mortgage deals, which means they could be in for a nasty shock when their rate expires. Now could be the time to talk to your financial adviser or mortgage broker about switching before rates go up again? Check the lender penalties to calculate the benefits of switching now. Mortgage lenders also whack on hefty fees for giving you a mortgage rate, plus early redemption and final redemption fees, which they used to call a ‘deed handing fee’!  City property rental increases as workers return to office Zoopla reports that the cost of renting a property in a city centre is going up as office workers, students and international residents come back. The UK is effectively dropping Covid restrictions this month and cities appear to be getting back to some form of normality. Renters are paying an average of £62 more a month than pre-pandemic rents Zoopla found. End of tax year tax saving hints.  With the end of the fiscal year looming on 5 April, now is the time to start tax planning your ISA and pension contributions. You can put up to £20,000 into a tax-free ISA each fiscal year, as well as maximising your pension contributions. If you are in the UK and earn less than £18,570 a year from income and savings interest, your savings interest is tax-free due to tax-free savings and the starting savings rate. There are other more specialist tax saving investment schemes, such as Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs). Talk to an independent final adviser. Get control of your finances in 2022. We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free! If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2.  #property #inflation #money #business #stockmarkets #interestrates #nomoneydownproperty #financialfreedom #isa #pension #EIS #VCT #mortgage #fixedratemortgage #propertyrental  See omnystudio.com/listener for privacy information.

The Bank of England have hiked base interest rates for the second time in months to curb inflation, with food inflation running at over 20%. Press rises for basic utilities will inevitably suck money out of the wider economy driving the country into recession. The ECB is widely expected to raise rates and the US Fed could follow. Stock markets around the world are still falling again today threatening a correction or crash. UK stock markets are down by half a percent and the Dow Jones and NASDAQ by over 2% today. Life is going to get tougher this year for millions of people in Europe and America as the coming recession starts to bite. Prices are rising much faster than incomes as the “rich get richer and the poor get poorer”. Now is the time to protect your assets and plan for your future. You could be in for a bumpy ride in the next few years.  Facebook’s growth faltered for the first time as user numbers fell. Shares plunged 20% wiping $200 billion of the value of parent company Meta. PayPal value also plunges as it shuts down 4.5 million false accounts. Property prices in the UK continue to increase year-on-year by an average of 11% as the market defies economic reality. Anyone owning assets, such as property, has become richer in the last few years. Get control of your finances in 2022. We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free! If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2.  #property #inflation #money #business #stockmarkets #interestrates #nomoneydownproperty #financialfreedomSee omnystudio.com/listener for privacy information.

The US economy expanded at its fastest rate in decades last year as it bounced back from lockdowns. Official figures from the Commerce Department revealed that the economy grew by 5.7% and by 6.9% in the last quarter – the highest growth since 1984. However, the US Federal Reserve announced this week that a rate rise is 'appropriate' soon, while analysts expect growth to slow this year, due to government scaling back stimulus spending. Rising inflation, new Covid variants, such as Omicron are further threats to the economy. The World Bank forecasts that the US economy will grow by 3.7% this year, while OECD said the UK’s GDP will grow by 4.7% in 2022 and is almost back to pre-pandemic levels. Major stock markets have been sliding in January, with the Nasdaq down 13.35% and Dow Jones 5.06% in the last month but have so far resisted a correction or full-blown crash. Billionaires like Elon Musk have been dumping billions of dollars of their own stock, a sure sign that they know the party is over. We are living in volatile times. Shares are overpriced, central banks have printed money like there’s no tomorrow, inflation is reaching levels not seen since the 1980’s, Russia could be about to invade Ukraine and China is watching the west while it eyes Taiwan.   Seek independent advice on what to do with your own portfolio or pension cash.  What is your personal inflation rate? The UK official inflation rate is 5.4%, but essential items such as fuel, food and household items are up by as much as 50%. This means for a family on low income the impact is worse because they spend a higher proportion of their income on food and other essentials. Official inflation figures include luxuries together with items like caravans, flower vases, leggings, and cycle helmets, which most people do not buy on a regular basis.    Supermarkets have also reduced the number of value items they sell, as well as special offers like two-for-one deals.    Shoppers are flocking to discount stores like Lidl and Aldi, which are both expanding fast.   Pensioners are also suffering because the pensions are rising by less than the real cost of living increases.    New immigration identity checking system for landlords and employers. UK net migration will account for all the population growth of the UK in the future as the number of the people living in the country swells to 70 million by 2030 official figures reveal. The Office for National Statistics (ONS) projections indicate that the population will rise by 2.1 million by the end of the decade from the 2020 count. Increased immigration will raise the UK population to 69.1 million by mid-2030, resulting from of a net inflow of 2.2 million migrants, 6.6 million births and 6.7 million deaths. The Home Office seems powerless to deal with hundreds of migrants entering the country illegally crossing the channel on ever larger boats supplied by criminal gangs, but are cracking down on employers and landlords. The Home Office has recently announced a new digital ID checking tool for landlords and employers to help prevent abuse of the UK immigration system.  A press release published on the UK government’s official website, the technology will ‘make it quicker, safer and more convenient for landlords and employers to carry out right to rent and work checks.  The checking system will start on 6 April, 2022 and certified identity service providers (IDSPs) will be able to use Identification Document Validation Technology (IDVT) to carry out right to work checks and right to rent checks on behalf of UK and Irish citizens. Source: Work Permit.com Frugality is good for your health Spending wisely cannot only improve your bank balance but also your health.   That’s because Poor spending habits are often linked to unhealthy pursuits, such as smoking, drinking and gambling. Get control of your finances in 2022. We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free! If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2.  #property #inflation #money #business #stockmarkets #interestrates #nomoneydownproperty #immigration   See omnystudio.com/listener for privacy information.

UK inflation has hit 5.4% mainly due to supply chain issues and soaring food and fuel prices, prompting fears that the Bank of England could raise interest rates again next month. Whilst central banks are saying inflation is transitory, others feel that inflation could run rampant in some economies – driven predominantly by supply chain issues rather than massive surges in market demand. Some could see their currencies being devalued by 10% or more while others accelerate into a deflationary spiral. Fiscal and economic uncertainty and a slowdown in business investment and housing markets could see countries like the US and UK set central bank base rates at 0.1% or lower in the first half of the year, with a maximum of 0.5% by year end. Prices in the shops for basic every day things have risen much faster than 5.4%. In some cases prices have risen by 50%, for basic items like bread, or package sizes have reduced by 10 to 20%. The UK is expected to grow faster than any other G7 economy as it comes out of the pandemic with more freedom than its European counterparts. Goldman Sachs reports that the UK economy will be larger than France and Germany by 2040, largely due to its younger demographics. Stock markets have been jittery this month, while property continues to boom in the UK and Ireland where demand outstrips supply of family homes. Agents in some parts of the country cannot get enough houses to cope with demand, but inventory is low and sellers are sticking to their sometimes unrealistic prices. Flats have not enjoyed the same growth. Can you buy property with ‘No Money Down’? Bitcoin languishes around $42,000, well off its high last year. Silver has been rising. How to save money on mobile phone contracts… NEW BOOK LAUNCH – BORROW AND GROW RICH – SPECIAL OFFER ENDS SOON! I cover financial education and money mindset in my books, like Borrow and Grow Rich (available on Kindle now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss), which you can order on Amazon. In this book, you will learn how the power of leverage and inflation can make you rich without working any harder than the average employee. You will also learn the difference between good debt and bad debt and why saving alone will not make you rich. Borrow and Grow Rich is available for Kindle order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss DOWNLOAD CHAPTER ONE AND TWO FREE https://charleskelly.clickfunnels.com/optin1639410805951 DISCOVER HOW THOUSANDS OF ORDINARY BRITS ARE QUIETLY GETTING RICH USING NONE OF THEIR OWN MONEY! The online ‘No Money Down Discovery’ training will reveal the many ways you can create a job replacing income from property using none of your own money. Skilled trainers will reveal proven, successful methods for you to cash in on right now, even if you have no previous experience and little to no finance. The knowledge you’ll be taught at this event will include creative and sustainable money-making systems, alongside rock-solid negotiation techniques to help you carve out the deals that will work best for you. When you join us you will discover: The No Money Down Matrix. A system of proven investment strategies guaranteed to secure property with none of your own cash. A Step-by-step guide on how to structure a property deal that’s right for you and the vendor. The 4 core investing principles you need to secure the perfect deal that creates a long-term cashflowing asset. How to cash in on the next big property strategy and control an empire of properties “Rent-To-Own.” For deals that do require cash, learn how you can use someone else’s money and quickly recycle it to give them all their money back, and you keep the property for free! How to recycle the money you have used to invest and give it back to the partners who gave it to you, leaving you with another cash-producing property to add to your portfolio What the Super-Rich do to make a fortune by controlling property without owning it, and how YOU can do the same. Donald Trump uses this very strategy! Learn how to do successful Joint Ventures - and become a Money Magnet, attracting more investment partners and more joint venture finance than you can handle Learn creative thinking, creative structures and master negotiation skills to make all deals the ultimate win-win The experienced trainers have all 'been there, done that’ and you can relax in the certainty that you are getting the expert help you deserve! Register your place here.   To register: https://bit.ly/3FLiyMm   See omnystudio.com/listener for privacy information.

Interest rates in the UK have already risen last year to 0.25% to curb soaring inflation, but the Bank of England may have to raise rates further this year as the cost of living continues to go up for millions of consumers.  Are you prepared for interest rate hikes? Do you have a fixed rate mortgage?  In the UK, HSBC are offering deals as low as 1.29% fixed for 2 years and Halifax will fix your mortgage at 1.43% for 5 years. We may not see deals like this for a long time if base rates rise this year. When will stock markets fall? Many pundits are predicting a crash between now and April, but it is extremely difficult to time the market, especially when governments are doing all they can to prop them up or keep them on ‘life support’! I would not be putting all my money or pension fund cash into the markets right now, but I could be wrong, and stocks could continue to go ever higher.  However, what I might gain on an upward swing will be a lot less than I’d lose on a downturn or full-blown crash. You have to make up your own mind or seek financial advice.  Will property prices go down? People will always need somewhere to live and wealth, life expectancy and population has increased significantly over the last 50 years. China has taken a billion people out of poverty and become the second largest economy in the world. However, affordability and interest rates could slow the market down this year. Property prices generally go up and sometimes fall for a few years, but in the long term they move in an upward trajectory. If you have a low fixed rate and income, personal or rental, then you should be safe in the long term. Crypto currencies have taken a hit in the last few weeks, but Bitcoin and Ethereum recovered this week despite Pakistan becoming the latest country to ban all Crypto. SPECIAL APPEAL We have witnessed major climate disasters, such as the recent typhoon which has destroyed 90% of homes in the southern islands of the Philippines. While we in the west worry and fret over a shortage of some of our favourite food supplies, millions of people around the world are starving. You can donate to my Rotary Fundraiser – to provide food, clean water and shelter to the people who have lost their homes and will not be enjoying a merry Christmas. https://www.facebook.com/groups/174851346196950/permalink/1621462918202445/ Financial education in investing is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.  Can you get rich by saving alone? NEW BOOK LAUNCH – BORROW AND GROW RICH – SPECIAL OFFER ENDS SOON! I cover financial education and money mindset in my books, like Borrow and Grow Rich (available on Kindle now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss), which you can order on Amazon. In this book, you will learn how the power of leverage and inflation can make you rich without working any harder than the average employee. You will also learn the difference between good debt and bad debt and why saving alone will not make you rich. Borrow and Grow Rich is available for Kindle order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss DOWNLOAD CHAPTER ONE AND TWO FREE https://charleskelly.clickfunnels.com/optin1639410805951 We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free! If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2  Book now as spaces fill up fast... #cryptocurrency #crypto #buytoletproperty #property #stockmarketcrash #inflation #financialeducation #freetraining #propetyinvestor #stockmarketinvestment #retirement #stockmarketwarning #Interestrates See omnystudio.com/listener for privacy information.

Happy New Year! How are your resolutions and plans going? Do you want to lose weight, get fit, lead a healthier life or do something to improve your finances? Maybe you’re on a ‘Dry January’ programme? My gym was full this month of new members hoping to get fit and lose weight, but experience shows that many of them will sadly drop out within a few months. Keep on target with your goals by making them realistic, achievable and measurable. Make 2022 your best year ever! See: How will you prosper in 2022? - https://moneytipsdaily.com/how-to-prosper-and-make-your-dreams-become-reality-in-2022 I have just published my new book – Borrow and Grow Rich :-  https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss   In this episode I want to introduce a very special guest. KD Angle is a successful market trader with experience in both futures and stocks who started  trading in 1979 during the last inflationary period.  Some of his accomplishments include:  Starting his own market letter which gave specific trading advice in the early 80’s and was featured in Forbes Magazine.  In the 1990s, KD began managing money using his own ‘rules-based’ strategies and later went on to earn more than 60 performance awards from a respected performance reporting company known as BarclayHedge. He retired that career after managing assets of up to 200 million dollars but continues to trade his own capital.  Angle has been featured as an expert in his field in two books, the ‘Four Cardinal Principles of Trading’ by Bruce Babcock and ‘The Mental Edge in Trading’ written by Jason Williams MD.  Angle’s father turned $2 million into $100 million in the great gold bull market of 1979. KD recently authored what he considers to be his legacy book entitled ‘Guillotine Investing – Keeping Your Head While Others are Losing Theirs’ where he shares many of his valuable insights that have helped contribute to his own success with the markets. His book is only available at the book’s website which is called: www.Guillotineinvesting.com SPECIAL APPEAL We have witnessed major climate disasters, such as the recent typhoon which has destroyed 90% of homes in the southern islands of the Philippines. While we in the west worry and fret over a shortage of some of our favourite food supplies, millions of people around the world are starving. You can donate to my Rotary Fundraiser – to provide food, clean water and shelter to the people who have lost their homes and will not be enjoying a merry Christmas. https://www.facebook.com/groups/174851346196950/permalink/1621462918202445/ Financial education in investing is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.  Can you get rich by saving alone? NEW BOOK LAUNCH – BORROW AND GROW RICH – SPECIAL OFFER ENDS SOON! I cover financial education and money mindset in my books, like Borrow and Grow Rich (available on Kindle now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss), which you can order on Amazon. In this book, you will learn how the power of leverage and inflation can make you rich without working any harder than the average employee. You will also learn the difference between good debt and bad debt and why saving alone will not make you rich. Borrow and Grow Rich is available for Kindle order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss DOWNLOAD CHAPTER ONE AND TWO FREE https://charleskelly.clickfunnels.com/optin1639410805951 See omnystudio.com/listener for privacy information.

UK house prices have reached an all-time average record of £254,822 in December, according to lender Nationwide. While most stock markets around the world have continued to rise to new highs despite the gloomy economic outlook and a growing new variant  The average price of a typical house in the UK is now £23,902 more than it was in January, making it the strongest year for price rises since 2006. Nationwide and the Halifax have predicted the market would slow next year because the stamp duty holiday, which ended in September, forced buyers to bring purchases forward. Nationwide also said the slowdown could be made worse by the spread of Omicron. Interest rate factor Nationwide's chief economist Robert Gardner said that even if the economy remains strong in spite the virus, higher interest rates were likely have a "cooling influence" on the housing market. "House price growth has outpaced income growth by a significant margin over the past 18 months and, as a result, housing affordability is already less favourable than before the pandemic struck," Mr Gardner added. The lender could be anticipating further increases to interest rates in the new year. Earlier this month, the Bank of England hiked base interest rates to 0.25% from their historic lows of 0.1% in a bid to curb the threat of rising inflation. The US is expected to raise rates three times next year to tackle the highest price rises in nearly 40 years. But the central banks cannot raise rates too high as this will mean higher payments on the trillions in debt they owe to lenders. Increases in the cost of borrowing will be bad news for people trying to get on the property ladder and could herald the end of the decade long property and stock market boom. Wales saw the highest growth with prices increasing 15.8% compared to the same time last year. Meanwhile, price increases in London slowed compared to last year, climbing just 4.2%. In an interview with BBC's Today programme, Andrew Harvey, a senior economist at Nationwide, said the pandemic had caused a change in the behaviour of buyers who had been looking to leave large cities in favour or suburban and rural areas. "I think London probably has suffered as a result of that," he said. Average prices change across the UK Wales: Up 15.8% to £196,759 Northern Ireland: Up 12.1% to £167,479 South West: Up 11.5% to £294,845 Outer South East: Up 11.3% to £329,869 North West: Up 11.2% to £196,806 Yorkshire and Humberside: Up 10.8% to £190,855 East Anglia: Up 10.4% to £268,146 East Midlands: Up 10.4% to £221,813 Scotland: Up 10.1% to £172,605 West Midlands: Up 9.4% to £227,031 Outer metropolitan area of London: Up 8.8% to £410,992 North: Up 7.7% to £148,105 London: Up 4.2% to £507,230 Source: BBC. Mr Gardner said it was the first time since 1973, when Nationwide began publishing house price data, that the largest price rises had been seen in Wales. "Price growth remained elevated in Northern Ireland at 12.1%, the strongest end to the year for the region since 2007," he said. "Annual house price growth in Scotland was 10.1%, in line with the wider UK." The year has been dominated by Covid lockdowns and restrictions which saw international flights to the UK slump by 71%, retail giants such as Debenhams go bust and thousands of small businesses and hospitality firms suffer losses. Other businesses prospered during the last two years. Not just the likes of Amazon, but any business that adapted to the new world of online transactions and Zoom! I want to thank all my viewers, listeners and readers for all your support this year, and wish you all a prosperous New Year. See also: How will you prosper in 2022? – Make 2022 your best year ever! SPECIAL APPEAL We have witnessed major climate disasters, such as the recent typhoon which has destroyed 90% of homes in the southern islands of the Philippines. While we in the west worry and fret over a shortage of some of our favourite food supplies, millions of people around the world are starving. You can donate to my Rotary Fundraiser – to provide food, clean water and shelter to the people who have lost their homes and will not be enjoying a merry Christmas. https://www.facebook.com/groups/174851346196950/permalink/1621462918202445/ Money also migrated so-called safe property havens in the UK, Canada, US and Australia. Wealthy people have sought second and third passports and residency in countries offering citizenship for cash or property investment.  Financial education in investing is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.  Can you get rich by saving alone? NEW BOOK LAUNCH – BORROW AND GROW RICH – SPECIAL OFFER ENDS SOON! I cover financial education and money mindset in my books, like Borrow and Grow Rich (available for Kindle pre-order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss), which you can order on Amazon. In this book, you will learn how the power of leverage and inflation can make you rich without working any harder than the average employee. You will also learn the difference between good debt and bad debt and why saving alone will not make you rich. Pre-order BORROW AND GROW RICH before 31 December and I will send you a FREE PDF copy of Yes, Money Can Buy You Happiness. Borrow and Grow Rich is available for Kindle pre-order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss DOWNLOAD CHAPTER ONE AND TWO FREE https://charleskelly.clickfunnels.com/optin1639410805951 Wishing you a happy prosperous New Year! See omnystudio.com/listener for privacy information.

The Bank of England has raised base interest rates for the first time in more than three years, in response to surging prices and an official inflation rate of 5.1%. The increase to 0.25% from 0.1% followed data this week that saw consumer prices, used to measure the UK inflation rate, climbing by the fastest rate for 10 years. Eight of the nine Monetary Policy Committee members voted to increase interest rates despite the Omicron variant slowing down an already weakened economy by causing people to spend less during the Christmas season. The Bank's action will increase mortgage costs of homeowners and businesses with commercial loans and overdrafts not on fixed rate deals.  If you have not yet fixed your rate you might want to start thinking about doing so. Talk to your financial adviser. UK inflation is now running at 5.1%, the highest in a decade and double target rates. The bank governor Andrew Bailey expects inflation to rise to 6% further early next year. The real rise in the cost increase of living is much higher than the official rate, as many of us are experiencing. The sharp rise in wholesale gas prices is driving inflation, and that is continuing to push up domestic energy bills. Energy and fuel prices affect the cost of all goods and services, as costs have increased for businesses and suppliers. Wholesale prices of raw materials and commodities have also gone through the roof this year. Inflation is rising around the world fuelled by ‘money printing’ by central banks on a scale never seen in modern history. The official US inflation is now 6.8%, the highest for over a decade, but half the rate suggested by Shadow Stats which claims real costs are rising by 15%.  The newly raised rates will increase the cost of buying a home, although they are still near the historic low and unlikely to affect property prices and housing demand unless rates rise further. The FT reports that Fed officials expect three interest rate rises next year to combat rising inflation.  The markets went up following the announcement! If you think you will not be adversely affected by interest rates going up, think again. Governments owe trillions of dollars, pounds and Euros to bondholders and will have to pay higher interest rates to service the debt they created. Who do you think is going to pay the interest? That’s right, taxpayers. Savers will welcome the news as they will earn slightly more on their savings deposits in banks currently earning next to zero. Don’t get into debt this Christmas A friendly warning to avoid spending money you don’t have and getting into debt this Christmas, especially with higher credit card rates on the way. On solution could be to hold a family ‘truce’ on presents or values, or opt out of the spending spree altogether if you can. You can still have a good Christmas without getting into debt and paying for it for it next year. Financial education in investing is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.  NEW BOOK LAUNCH – BORROW AND GROW RICH – SPECIAL OFFER I cover financial education and money mindset in my books, like Borrow and Grow Rich (available for Kindle pre-order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss), which you can order on Amazon. In this book, you will learn how the power of leverage and inflation can make you rich without working any harder than the average employee. You will also learn the difference between good debt and bad debt and why saving alone will not make you rich. Pre-order BORROW AND GROW RICH before 31 December and I will send you a FREE PDF copy of Yes, Money Can Buy You Happiness. Borrow and Grow Rich is available for Kindle pre-order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss DOWNLOAD CHAPTER ONE AND TWO FREE https://charleskelly.clickfunnels.com/optin1639410805951See omnystudio.com/listener for privacy information.

UK House prices rose 3.4% in the three months to the end of November, the highest price increase since 2006, and 8.2% higher than a year ago, the Halifax reports. The average UK property price hit a fresh record high of £272,992 in November, the UK’s largest mortgage lender said. But added that the pace of growth was unlikely to continue next year as household finances come under pressure. Property shortage and low interest rates drives demand House prices in the UK have still been going up for the past five months, despite the end of the stamp duty holiday and the massive activity in the first six months of 2021. The unexpected growth was "underpinned by a shortage of available properties, a strong labour market and keen competition amongst mortgage providers keeping rates close to historic lows," said Russell Galley, managing director of the Halifax. The figures are based on the lender’s own data and represent an average across all residential property types in the UK. Figures will vary in some areas and properties. Flats have not enjoyed as the same high growth as houses for instance. How long will historic low interest rates last? UK economic growth slowed in October while inflation has risen above 4%. Will the Bank of England raise rates this month amidst further restrictions following the Omicron variant? The Bank of England’s Monetary Policy Committee (MPC) meets again on 16 December. CEOs dumping shares  CEOs of companies like Amazon, Tesla and Facebook have sold billions of dollars of their shares in their own companies. Do they know something we don’t? Don’t get into debt this Christmas Avoid spending money you don’t have and getting into debt this Christmas. Have a family ‘truce’ on present values or opt out of the spending spree altogether if you can. Financial education in investing is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.  NEW BOOK LAUNCH – BORROW AND GROW RICH – SPECIAL OFFER I cover financial education and money mindset in my books, Borrow and Grow Rich (available for Kindle pre-order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss) and 'Yes, Money Can Buy You Happiness", which you can order on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858 Pre-order BORROW AND GROW RICH before 31 December and I will send you a FREE PDF copy of Yes, Money Can Buy You Happiness. In this book, you will learn how the power of leverage and inflation can make you rich without working any harder than the average employee. You will also learn the difference between good debt and bad debt and why saving alone will not make you rich. If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2See omnystudio.com/listener for privacy information.

High street retail has going through a tough time in recent years with hundreds of stores closing, but here’s why I think there is still a place for physical shops for many years to come. Even with the rise of Amazon and other online retailers 85% of retail sales are still made offline. Over 20% of stores are not even fully engaged online. In a strange twist, Amazon, Apple and other online retailer are opening offline stores in the high street and malls! Online retailers Gymshark and The Fashion Bible are also set to open large flagship ‘bricks and mortar’ stores in prime retail space next year. Gymshark, which only started online ten years ago, is opening an 18,000 square foot store in London’s Regent Street, one of the most expensive and sought after retails real estate areas in the world. Just down the road, London’s luxury department store group Selfridges is being sold to a Thai conglomerate for up to £4bn. The famous UK retailer owns 25 outlets, including the enormous flagship store covering a whole block in prime position on London's Oxford Street. The iconic store was founded in 1908 by US retail magnate Harry Gordon Selfridge and featured in an ITV television drama. How will Amazon, Gymshark and The Fashion Bible prosper where the likes of Debenhams died after over 100 years of successful trading? The answer is twofold. Firstly, Debenhams, and other stores like Gap and House of Fraser, had lost their way and failed to stay current. This can happen in mature businesses which lack innovation and do not change with the times. Secondly, and more importantly, online retailers have a massive advantage over traditional bricks and mortar shops. They know their customers! Amazon knows everything about its customers like me, whereas most shops I walk in and out of know absolutely nothing. Even when I buy something they have no record of me other than a card transaction. Unless stores change their ways and start engaging with their customers and potential customers they will face a tough time ahead. But those who adapt, like Argos and Next who combine online with offline sales, will survive in the business war for our money. If you are a retail business owner and need help getting online, contact me – [email protected] Average House Prices Continue To Rise The annual growth of an average home in the UK rose slightly to 10% in November, up form 9.9% on the previous month, according to the Nationwide Building Society’s data. FREE PROPERTY WEBCLASS - https://bit.ly/3DlSlCL Stock Markets Volatile As New Covid Restrictions Introduced Markets were down again today after rallying from earlier losses, as uncertainty fears could stall economic recovery. RPI UK Inflation Rate Hits 6%  The inflation rate as measured by the Retail Prices Index (RPI) is 6%, but the new measure of inflation, the Consumer Prices Index (CPI), stands at 4.2%. Most of us know that real prices are rising much faster than the official rate. Fuel and gas prices have doubled for some and many will face a hard winter. Could UK Interest Rates Rise? The Bank of England’s Monetary Policy Committee (MPC) meets on 16 December amid rumours that base rates could rise to curb rising prices. Financial education in investing is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.  I cover financial education and money mindset in my book, 'Yes, Money Can Buy You Happiness", which you can order on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858 If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2See omnystudio.com/listener for privacy information.

Stock markets fell sharply across the world after the discovery of a new Covid variant which threatens the economic recovery as more restrictions are introduced. London’s the FTSE 100 share index dropped by nearly 3%, while markets in Germany and France also declined following falls in Asia. 40 Year Fixed Rate Mortgage Launched  Kensington Mortgages launched a mortgage product with a rate that can be fixed for up to 40 years. First-time-buyers in major UK cities like London may be forced to borrow more than 5 times the average salary to get on the housing ladder, as the affordability ratio soars.  Free No Money Down Property Masterclass Register Here- https://bit.ly/32qvuZY Food Prices Will Rise A global shortage of fertilisers is driving up food prices and leaving poorer countries facing crisis, says the boss of a major fertiliser firm, the BBC reports. UK Car Industry Suffers Worst October In 65 Years UK car production dropped by more than 40% last month to the lowest level recorded for October since 1956. Net Migration To The UK Falls By 88% As Asylum Claims Reach 20-Year High The UK recorded a major fall in net migration last year as figures show a huge reduction in the number of people arriving due to the Covid-19 pandemic and Brexit. Net migration in the UK was 34,000 in 2020, compared with 217,000 the year before, analysis showed. The number of immigrants coming to the country more than halved to an estimated 268,000 in 2020, compared with 592,000 people the previous year. 27 migrants die in Channel as boat overturns off the coast of France The migrant crisis continues as thousands of people enter the UK illegally despite this week’s tragedy. Asylum applications to the UK have reached their highest level since 2004, according to official estimates.  India to Ban Cryptocurrencies As a number of major economies plan to launch digital currencies, India is set to follow China in banning Cryptocurrencies. The ban will relate to all private cryptocurrencies with certain exceptions to allow the promotion of the underlying technology and its uses. Cryptocurrency prices dropped on Indian exchanges after the decision on the bill's future was announced. According to a government bulletin, the ban is part of the proposed Cryptocurrency and Regulation of Official Digital Currency Bill that will be introduced in its winter session. The planned legislation aims "to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India (RBI)". See also: Interest Rates Held At 0.1% But Will Rise Soon 9 Habits To Develop Extreme Productivity Buy-to-Let Property Demand Down 60% Says London Estate Agent As Chinese Buyers Dry Up - https://youtu.be/4RLroedmkX4 What Can You Invest In That's Guaranteed To Go Up In Price In 12 Months? The Answer Will Shock You! - https://youtu.be/_ccb_gTVDkQ Financial education in investing is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.  I cover financial education and money mindset in my book, 'Yes, Money Can Buy You Happiness", which you can order on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858 DISCOVER HOW THOUSANDS OF ORDINARY BRITS ARE QUIETLY GETTING RICH USING NONE OF THEIR OWN MONEY! At the No Money Down Discovery we reveal the many ways you can create a job replacing income from property using none of your own money. Register here - https://bit.ly/32qvuZY Skilled trainers will reveal proven, successful methods for you to cash in on right now, even if you have no previous experience and little to no finance.  When you join us you will discover: The No Money Down Matrix. A system of proven investment strategies guaranteed to secure property with none of your own cash. A Step-by-step guide on how to structure a property deal that’s right for you and the vendor. The 4 core investing principles you need to secure the perfect deal that creates a long-term cashflowing asset. How to cash in on the next big property strategy and control an empire of properties “Rent-To-Own.” For deals that do require cash, learn how you can use someone else’s money and quickly recycle it to give them all their money back, and you keep the property for free! How to recycle the money you have used to invest and give it back to the partners who gave it to you, leaving you with another cash-producing property to add to your portfolio What the Super-Rich do to make a fortune by controlling property without owning it, and how YOU can do the same. Donald Trump uses this very strategy! Learn how to do successful Joint Ventures - and become a Money Magnet, attracting more investment partners and more joint venture finance than you can handle Learn creative thinking, creative structures and master negotiation skills to make all deals the ultimate win-win All the trainers have all 'been there, done that’ and you can relax in the certainty that you are getting the expert help you deserve! Register your place here. - https://bit.ly/32qvuZY   #property #financialeducation #freetraining #propertyinvestment #investing #passiveincome #nomoneydownpropertyinvesting #makemoneyonline #chinaproperty #buytoletproperty #rentalproperty #propertymarketnews #interestrates #immigration #netmigration #Mortgages See omnystudio.com/listener for privacy information.

On Money Tips Podcast today I talk to lead generation expert Austin McCulloh who has developed a unique system for generating thousands of leads on LinkedIn on autopilot. After managing just under half a million dollars a few years ago as a 21-year-old financial advisor & running an online hiring agency that taught English to over 700 Chinese children, Austin decided to start his own consulting firm, Austin McCulloh Advising.  In late 2020, he pivoted the business model to include a 3-Step Financial Advisor Accelerator that now helps financial advisors grow their book of business & increase their income. Financial advising, to date, has been more of an art form than an exact science, and Austin's on a mission to make financial advising success more systematic.Austin is an young, energetic and dynamic speaker with lots of insights for anyone looking to grow consistently, sell more and communicate better. For more information on how Austin can help your business visit https://www.austinmcculloh.com You can become wealthy and financially free without working any harder than you are right now. In fact, it could be less. Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.  I also cover financial education and money mindset in my book, 'Yes, Money Can Buy You Happiness", which you can order on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858 If you would like to learn more about investing and managing your money, property investing and become financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2  See omnystudio.com/listener for privacy information.

Based on a book about the remarkable story of the author’s Erica and Mike Schultz and their Son’s five year fight for life. Sometimes our most productive times can come during a period of adversity, as it did for the authors. During a study of thousands of extremely productive people, they came up with 9 habits based on the use of something we all have in equal amounts, time. T.I.M.E Erica and Mike Schultz found a method of breaking down time into distinct segments during each day: Treasured Time – cherished time most special to them on a personal level. Investment Time – generates returns that exceed the work you put in. Mandatory Time – time doing day-to-day thing you must do. Empty Time – wasted time, surfing web, social media doing nothing. Key message: Maximise Treasured and Investment Time – Minimise Mandatory and Empty Time. Extremely productive people manage their time better and so can you. Develop these 9 habits. Recruit you Drive – Your WHY. Write goals and break them into annual, quarterly and weekly goals and manageable chunks or tasks. Motivate yourself. Ignite Your Proactivity Fill your daily calendar with Investment Time activities. Prioritise your Greatest Impact Activity or GIA – the activity with the greatest long-term return on your detailed concentrated effort. Develop better habits to put more of your time into GIA activities to turbocharge your productivity. Re-engineer Your Habits Identify unproductive habits, such as spending hours on social media or doing nothing on your daily commute, and upgrading them. For instance, you could upgrade your time on social media to learn a new skill or listen to a productive podcast during your Mandatory Time commute to and from work. Another tip is to turn off unnecessary notifications on your smartphone, which distracts your mind away and breaks your concentration, or train yourself to not instantly react to them. Changing your environment can also affect your concentration. Fix the problem or work somewhere that makes you more productive. Obsess Over Time Obsessing over your TIME means working out where every activity fits within that structure. Make sure your priorities are reflected in your daily routine. Take Treasured Time Increase Investment Time Minimise Mandatory Time Eliminate (as much as possible) Empty Time. Successful people value and seldom waste time, like when I spoke to John Assaraf and met the likes of Jim Rohn and Brian Tracy. Its not just about what you do, but what you don’t do. Say No Have a clear idea of what’s really important. When someone asks you to do something that doesn’t fit in with your priorities, have the courage to politely, but assertively to say “no”! That doesn’t mean saying no to your boss by the way! Play Hard To Get Concentration. Distractions are everywhere these days, especially our inbox and numerous message boxes. Does every message need to be dealt with immediately? Don’t try to be always available to everyone. Block out time to concentrate on your schedule and your most important GIA tasks. Your time is your own. Get In The Zone How to get in the zone and stay there. Set aside 90 minutes of work and break it down into short sprints with breaks in between. Develop Energy Take care of your body by eating nourishing food, getting enough sleep and exercising. Don’t waste mental energy on unnecessary things. Right The Ship – Get Back On Track When Life Knocks You Down Sometimes things go wrong and knock you off course and you have to pull yourself together. Identify bad habits like ordering another beer or glass of wine to constantly checking your phone. You have free will and free won’t. Break down large tasks into small ones. Make a contract with yourself to achieve something important to you like losing weight or getting fit. The above habits do not require any harder work or effort than you are putting in now. It’s the same with becoming financially free. You can become wealthy and financially free without working any harder than you are right now. In fact, it could be less. If you would like to learn more about investing and managing your money, property investing and become financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.  I cover financial education and money mindset in my book, 'Yes, Money Can Buy You Happiness", which you can order on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858 See omnystudio.com/listener for privacy information.

Buy-to-Let property demand falls in London as Chinese buyers stay away. Rental market is hot again, says leading agent. Is the market starting to slow down, particularly for flats? Stock markets remain near highest ever level, as a new report finds that households will remain worse off than they were before the pandemic until 2023. UK's independent forecaster, Charlie Bean, an Office for Budget Responsibility (OBR) committee member, told MPs that incomes would not return to 2019 levels for another two years. He said the main reason was "a very low rate of productivity growth". The pandemic effectively froze large parts of the economy, with many businesses shut entirely, the BBC reports. Financial education in investing is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates. If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2    #property #financialeducation #freetraining #propertyinvestment #investing #passiveincome #nomoneydownpropertyinvesting #makemoneyonline #chinaproperty #buytoletproperty #rentalproperty ##propertymarketnews   See omnystudio.com/listener for privacy information.

What can you buy today that will almost certainly go up in price by at least 10% in the next few months? A stock, property or gold? No. Purpose of investing Inflation is pushing up the price of almost everything you buy in the supermarket on a daily basis, from food to household cleaning items. What is the real rate of inflation? Proctor and Gamble, one of the largest consumer goods companies in the world with revenues of $76 billion, has announced that it will be increasing the price of its huge range of staple household goods, from Ariel and Crest to Gillette razons and Pampers nappies, due to higher shipping and raw material costs. Stock up now and you will save 100 times more that you are earning on bank deposits. Stamps story… Taxes will increase to pay for multi-billion green economic reset Mortgage lending will become harder on ‘non-green’ or poorly insulated properties, as the government forces lenders to abide by its green agenda more akin to a socialist party. Stock Markets could fall 10%, the Bank Of England has warned, and property prices could follow. Financial markets and stocks and shares could see a “sharp downturn” with lower expectation of an early economic recovery from the lockdown the Bank of England predicted last week. The QE money printing party, which have artificially fuelled property and stock markets to record highs, must eventually end. How can you protect yourself and profit from a stock market or property crash when the bubble bursts?  Fortunes have always been lost and made during a stock and property market downturn. Even if you do not directly invest in the stock market or property your pension fund manager may be doing so on your behalf. Check with your administrator or financial adviser. The answer is to learn about investing and become more financially aware.  Financial education in investing is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates. If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2  Book now as spaces fill up fast... #interestrates #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #bankofengland #mortgages #propertyinvestment #investing #costofliving See omnystudio.com/listener for privacy information.

October Budget 2021 6 Changes That Could Hit Your Pocket UK Chancellor Rishi Sunak will set out the government's tax and spending plans on Wednesday 27 October. The BBC is predicting six tax and budget changes at a time when Rishi Sunak has already announced a £7 billion spending spree on northern transport links and childcare help for families. There is also a possibility of extended loan support, due to end in December for businesses struggling to come out of the recession, or subject to another winter lockdown? This will be the second Budget of the year, after one in March, and will coincide with the conclusions of the 2021 Spending Review, which will give details of how government will fund public services for the next three years. Here are six possible things to watch out for in the Budget that could affect your personal finances. 1. VAT on energy bills cut 2. Alcohol tax hike 3. Capital Gains Tax rates increase 4. Student loan threshold reduction 5. Minimum wage rise increase 6. Pension higher rate allowance cut Financial education in investing is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates. If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2   See omnystudio.com/listener for privacy information.

A study shows that a couple retiring in the UK will need £49,700 per year to live comfortably, an increase of £2,200. The Pensions and Lifetime Savings Association (PLSA) estimates that a “comfortable” retirement will include two cars, replacing items like a kitchen every 10-15 years, holidays abroad and £94 per week (Waitrose/M&S) for food shopping. You could get by on a “moderate” retirement on £30,600 per annum and a “minimum” existence with just £16,700 and a food bill of £67 per week (Lidl/Aldi). With the return of higher inflation, many retired people struggle to meet the rising cost of food, fuel and council tax, let alone home maintenance and overseas trips or cruises in the sun. Many resort to the booming “equity release mortgage” industry to give them a lifetime re-mortgage on their home to help make ends meet. How much do you need in cash to provide an annuity pension of £50,000 per year? What is an annuity? Are there alternative options? Financial education is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates. Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy and how some lose it all - Yes Money Can Buy You Happiness.  We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free! If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2  Book now as spaces fill up fast... #interestrates #buytoletproperty #property #stockmarketcrash #inflation #financialeducation #freetraining #pension #annuity #retirement #mortgage #lifetimemortgage #equityrelease See omnystudio.com/listener for privacy information.

The Bank of England will increase base interest rates to 0.25% next month, the market is betting. The historically low rates of 0.1% will be raised to combat rising inflation, which is expected to reach 4% this winter. Up to 90,000 UK households will be offered grants of £5,000 over the next three years to install heat pump systems to replace gas boilers.  Ahead of Glasgow’s COP26 climate change conference, the UK government has commited spending almost £4 billion of taxpayer’s money as part of the ‘Net Zero Strategy’ green agenda plan to create more electric charging points and all new heating systems to use low-carbon technology or fuel such as hydrogen by 2035. The policies are expected to create 400,000 new jobs by 2030, although much of the technology will be imported. Prime Minister Boris Johnson, sitting next to Bill Gates, has pointed to £10 billion inward investment into the UK. There is a risk that the upheaval of green policies being introduced too quickly could wipe out older industries and millions of jobs. Rishi Sunak has already announced plans to imposed environmental tariffs on large firms at a time when post-brexit Britain needs to encourage more manufacturing to narrow the widening trade gap.  Mortgage lending could become harder on ‘non-green’ properties, although details have yet to be thrashed out. Stock Markets could fall 10%, the Bank Of England has warned, and property prices could follow. Financial markets and stocks and shares could see a “sharp downturn” with lower expectation of an early economic recovery from the lockdown the Bank of England predicted last week. The QE money printing party, which have artificially fuelled property and stock markets to record highs, must eventually end. How can you protect yourself and profit from a stock market or property crash when the bubble bursts?  Fortunes have always been lost and made during a stock and property market downturn. Even if you do not directly invest in the stock market or property your pension fund manager may be doing so on your behalf. Check with your administrator or financial adviser. The answer is to learn about investing and become more financially aware.  Financial education in investing is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates. If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2  Book now as spaces fill up fast... #interestrates #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #bankofengland #COP26 #heatpumpgrants #mortgages #billgates #propertyinvestment See omnystudio.com/listener for privacy information.

As the price of Bitcoin climbed to $57,700, the Bank of England deputy governor Sir Jon Cunliffe said Cryptocurrencies need regulation as a "matter of urgency". Crypto technologies do not pose a risk to financial stability at the moment, but there are "very good reasons" to think that this might not be the case for much longer, Sir Jon said in a speech. A future collapse in the price of cryptocurrency could spread through markets, he warned. A severe fall in the value of crypto-assets - for example, to zero - could force investors who have taken on debt with brokers to have to find cash or sell other assets to pay them. "Similarly, there is the possibility of contagion," he said. "A large fall in crypto valuations could affect investor risk sentiment more broadly, causing investors to sell other assets that are judged to be risky and those perceived to have a similar investor base." "Interconnectedness creates the possibility that shocks are transmitted through the financial system," he added. In the past year, crypto-assets have grown around 200% in value from just under $800bn (£580bn) to $2.3tn (£1.7tn). While this is relatively small in the context of the $250tn global financial system, the 2008 financial crisis was triggered by the sub-prime sector which was valued then at $1.2tn, Sir John said. Most crypto-assets, such as Bitcoin, are not backed up in the real world by assets or commodities, but strings of computer code, and make up 95% of the $2.3tn. As a result, they are volatile, he said. Connections between cryptocurrencies and the traditional financial system are also growing as big investors, hedge funds and banks become more involved, Sir Jon said. "Bringing the crypto world effectively within the regulatory perimeter will help ensure that the potentially very large benefits of the application of this technology to finance can flourish in a sustainable way," he added. Source: BBC. China recently banned all Crypto trading, having previously outlawed Crypto, mining to avoid a similar risks as well as any challenge to their markets and own digital currency. Central banks and major governments will not allow Cryptocurrency to replace the currency which they control. Crypto is not recognised or even taxed as currency. The Bank of England previously advised that people should only invest money into Crypto that they could afford to lose. When you borrow to buy Crypto or other volatile assets such as stocks and shares – a practice usually known as gambling - you risk losing more than your original stake. Before the 1929 stock market crash, people were able to borrow to buy stocks using the stock as collateral. When the price dropped by 70%, the broker made a margin call demanding repayment which pushed thousands of people into bankruptcy.  With inflation eating away the buying power of savings where can you invest for higher returns without risk? The answer is that all investment carries a degree of risk. Even money on deposit in a bank is at risk if the bank fails, although most governments have some sort of deposit protection scheme in place. Cryptocurrency is a high-risk investment, and some would call it speculation. Investing in the stock market can also be risky, as values can go down as well as up. Blue-chip shares, in major well-established companies, are less risky than smaller companies or start up tech firms for instance.  Property investment can be risky especially if you don’t know what you are doing, like buying blind at an auction because you’ve watch ‘Homes Under The Hammer”! Financial education is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates. Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy and how some lose it all - Yes Money Can Buy You Happiness.  We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free! If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2  Book now as spaces fill up fast... #cryptocurrency #crypto #buytoletproperty #property #stockmarketcrash #inflation #financialeducation #freetraining #propetyinvestor #stockmarketinvestment See omnystudio.com/listener for privacy information.

As prices, wages and inflation soars, the market is pricing a rise in interest rates before Christmas. The Times reports that economists at Bank of America expect a modest 0.15 percentage point rise in December taking base rates up to .25%. Base lending rates have not increased since 2018 and in March 2020 during the pandemic the Bank of England slashed rates to an historical low of 0.1%. Central banks are between a rock and a hard place where they will be forced to raise rates to curb inflation but will pay billions more on their own borrowing. A rise of just 1% will cost the UK an additional £10 billion a year. The cost will be billions more for the US. 1.1 million job vacancies Job vacancies in the UK have reached a 20-year high, which will slow economic recovery. The ONS reports that the number of employees on payrolls showed another monthly increase, rising 207,000 to a record 29.2 million in September. The Institute for Employment Studies (IES) said labour shortages were "affecting the whole economy, and where likely between a quarter and a third is explained by lower migration". Tony Wilson, director of the IES, told the BBC there were now fewer unemployed people per vacancy than at any time in at least 40 years. This is down to fewer older people in work and more young people in education he said. The number of vacancies hit another record high of 1.1 million and average weekly earnings, including bonuses, are 7.2% higher than this time last year. Wage rises, which have reach 15-20% in some sectors, are normally followed by higher inflation and consumer prices for all. Business leaders want to be allowed to import the workers they need to fill labour shortages. However, the government wants an end to low-skilled and low-wage immigration. The energy crisis is threatening to shut down manufacturing production in the UK within days unless the government takes urgent action. Businesses want the government to protect them from huge increases in energy costs as well as reducing or removing ‘green tariffs’, which puts them at a disadvantage compared to countries like China. The UK is sitting on a gold mine of natural shale gas that the government will not exploit due to environmental concerns. The US takes advantage of its shale gas which is why prices are one sixth of UK gas. While China powers industry with coal fired stations, the UK refuses to reopen new coal mines in order to meet environmental targets which Asian competitors ignore. China’s debt and real estate bubble has not gone away, with Evergrande and Fantasia expected to default on more upcoming debt repayments. Stock Markets could fall 10%, the Bank Of England has warned Financial markets and stocks and shares could see a “sharp downturn” with lower expectation of an early economic recovery from the lockdown the Bank of England predicted this week.   How can you protect yourself and profit from a stock market or property crash?  Even if you do not directly invest in the stock market or property your pension fund manger may be doing so on your behalf. Check with your administrator or financial adviser. The answer is to learn about investing and become more financially aware.  Financial education is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates. If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2  Book now as spaces fill up fast... #interestrates #evergrande #chinacrisis #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #evergrande #chinapropertybubble #bankofengland See omnystudio.com/listener for privacy information.

With everyone talking about the end of physical shopping, Amazon is opening shops! Morrisons supermarket UK chain is going through £7 billion takeover. Costo is booming, Aldi and Lidl are expanding. Asia’s richest man, Mukesh Ambani (worth $99 billion) is bringing 7-Eleven stores to India, one of the fastest growing economies in the world. Which is Britain’s cheapest supermarket? Many stores have suffered in the last year with famous names like Debenhams and Gap disappearing from our towns, but basics like food and other necessities seems to be thriving. Online retailing and home delivery are still increasing, but there is still room for physical stores. See omnystudio.com/listener for privacy information.

Financial markets and stocks and hares could see a “sharp downturn” if investors start to reconsider the prospects of economic recovery from the lockdown amid supply problems, rising prices and a spending squeeze, the Bank of England predicts. The UK’s central bank's financial policy committee (FPC) warned of a “correction”, defined as a drop of at least 10% in the price of a share from its most recent peak. The bank has seen signs of increased risk-taking at investment banks – the people who get paid huge sums to play with other people’s money at the stock market casino! Stock indexes around the world have hit record levels this year, from a crash in 2020, as investors bet on a strong economic bounce back from the pandemic. However, worrying levels of inflation have returned to the UK, US and Germany sparking fears that growth could be stunted in the face of supply chain bottlenecks, soaring wholesale natural gas prices and skills shortages. In the UK, millions of households and businesses are facing a long winter of discontent from a cut in benefits and state support combined with a surge in energy prices not seen since the 1970’s Arab oil crisis which sent economies across the globe into recession. The Bank is also concerned that higher borrowing during the public health emergency has likely put more businesses at risk. It said: "The increase in debt - though moderate in aggregate - has likely led to increases in the number and scale of more vulnerable businesses. "As the economy recovers and government support, including restrictions on winding up orders, falls away, business insolvencies are expected to increase from historically low levels." Around 1.7 million companies borrowed money under emergency loan schemes, like the bounce back loans, that were launched last year. Many of them were very small companies without high debt, but desperately needed of cash to avoid immediate collapse. Source Sky News. China’s debt and real estate bubble has not gone away, with Evergrande and Fantasia expected to default on more upcoming debt repayments. How can you protect yourself and profit from a stock market or property crash?  Even if you do not directly invest in the stock market or property your pension fund manger may be doing so on your behalf. If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2  Book now as spaces fill up fast... #evergrande #chinacrisis #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #evergrande #chinapropertybubble #pension #drivershortage #bankofengland See omnystudio.com/listener for privacy information.

As a second property giant fails to pay debt interest investors fear a property collapse in China’s real estate bubble. On Monday, a Chinese developer of luxury apartments Fantasia missed a $315 million payments to lenders, sparking fears that financial strains in the country's overheated property sector are spreading beyond the troubled Evergrande’s troubles. The FT reports that Beijing’s crackdown on borrowing by property developers threatens to end China’s love affair with London property. The latest Chinese debt-ridden property company is Fantasia Holdings, a Shenzhen-based developer which missed repaying $206 million worth of bonds that matured Monday. In a statement to the HK stock exchange, the company said it is assessing "the potential impact on the financial condition and cash position of the group,". Trading in shares, down by 80% this year, were suspended. The property management unit of Country Garden, China's second largest developer by sales after Evergrande, reported that Fantasia had failed to repay a company loan of about 700 million yuan ($109 million). Fantasia had informed the company that it would probably "default on [its] external debts," to Country Garden Services, according to CNN. Other Business News Johnson Promises Wage Boost. In a speech to the Conservative Party Conference in Manchester, Prime Minister Boris Johnson wants to end the UK’s “low wage economy” fuelled by “uncontrolled immigration”.  Gas Prices Fall After Putin Boosts Production. UK wholesale gas prices dropped after hitting a record high after Russia announced a boost in supplies to Europe. Russia President Vladimir Putin calmed the market after gas prices had risen by 37% in 24 hours to trade at 400p per therm on Wednesday. The price fall will be welcome news to millions of British consumers facing record energy prices this winter. Consumer Price Rise Highest In 25 Years. Inflation fears as prices rise across the world, sparking fears of hyper-inflation caused by unprecedented money printing. Markets are predicting 6% inflation leading to ‘stagflation’. Facebook Restores Service After This Week’s Outage. How did the social media downtime affect you? How much time do you spend on social media? Some people admit to more than 10 hours a day screentime, which you can check on most smartphones. If you are just using social media for entertainment, could you use your time more effectively? Can you make money on social media? YES! We can all learn to not only how to use social media,  but also how to make money on social media… "Stop Wasting Time On Social Media And Start Making Money Instead" You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing. In this FREE webclass you're going to see: How to​ use the time you're already spending on the internet to build a digital business in your spare time. How to​ get a product to sell if you don't have one already and... how to get it for nothing. The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media." You'll discover all this and more when you watch the webclass below. I'M READY TO WATCH THE FREE TRAINING NOW! WATCH THIS TRAINING IF: You own a business. You want to own a business without quitting your job yet. You are serious about building a profitable online business. You're tired of wasting time on social media and want to make money instead. "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise). I'M READY TO WATCH THE FREE TRAINING NOW! CLICK HERE TO WATCH https://bit.ly/38rzLvZ Spots Fill Up Fast - Limited Seats Available! #socialmediamarketing #makemoneyonline #WhatsApp #Facebook #gasprices #chinaproperty #stockmarket #propertybubble #evergrande #fantasia #stagflation See omnystudio.com/listener for privacy information.

Half the global population are now on one of Facebook’s platforms. How much time do you spend on social media? Can you make money on social media? I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t mean us oldies can’t get in on the act! We can all learn to not only how to use social media,  but also how to make money on social media… "Stop Wasting Time On Social Media And Start Making Money Instead" You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing. In this FREE webclass you're going to see: How to​ use the time you're already spending on the internet to build a digital business in your spare time. How to​ get a product to sell if you don't have one already and... how to get it for nothing. The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media." You'll discover all this and more when you watch the webclass below. I'M READY TO WATCH THE FREE TRAINING NOW! WATCH THIS TRAINING IF: You own a business. You want to own a business without quitting your job yet. You are serious about building a profitable online business. You're tired of wasting time on social media and want to make money instead. "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise). I'M READY TO WATCH THE FREE TRAINING NOW! CLICK HERE TO WATCH https://bit.ly/38rzLvZ Spots Fill Up Fast - Limited Seats Available! #socialmediamarketing #makemoneyonline #WhatsApp #Facebook See omnystudio.com/listener for privacy information.

The government’s widely anticipated emergency programme to issue temporary visas to up to 5,000 lorry drivers is not enough to fix Britain’s food and fuel supply-chain crisis and is unlikely to attract workers to the UK, haulage chiefs have warned. Ministers on Sunday announced rushed plans to add 5,000 HGV drivers and 5,500 poultry workers to a visa scheme until Christmas. Marco Digioia, the head of the European Road Haulers Association representing more than 200,000 trucking companies across the continent, told the Observer that “much more would be needed” than a temporary relaxation of immigration rules. “There is a driver shortage across Europe,” he said. “I am not sure how many would want to go to the UK.” With staff shortages in other EU countries, such as Germany, attracting people to come and work in the UK for three months will prove a challenge. The temporary work permit scheme will not resolve the estimated UK shortage of around 100,000 drivers. Setting up the visa scheme and recruit and training and approving the drivers could take several weeks, if not months, and there is also a shortage of 400,000 drivers in Europe.  The government ruled out deploying HGV driver from the Armed services, which would have provided immediate relief. Although there are over a million people unemployed in the UK, most will not be licensed to drive heavy goods vehicles. More funding is needed to provide training and support to recruit staff locally. There are 5 million people on universal credit benefit and 600,000 still on the job retention furlough scheme until the end of September – employers are paid by taxpayers to have staff sitting at home months after the economy has reopened. Would you like to learn more about property investing? Free Property Event Live Online Property Networking Meeting Sunday 3 October 7PMMaster your property investor networking skills as the world moves back to normal! Discover how to create and develop relationships in the property world and maximise your portfolio.In today’s marketplace, businesses that are operating in the same industry are classed as competitors. But in the world of property, it is the complete opposite.Fellow property investors are your allies, your motivators, potential JV partners, private funders and more importantly, your reliable support network.Join great speakers and property investors online at 7:00PM on Sunday 3rd October 2021Click here to register: https://bit.ly/3zvaBHRSee omnystudio.com/listener for privacy information.

Almost half of new UK mortgages are being made to borrowers who will not have paid off their loans by age 65, according to the trade association, UK Finance. Longer and lifetime mortgages are part of a growing trend towards people ending their lives in debt to the banks. This compares to a third of borrowers in 2014. Lifetime mortgages or equity release have become more popular in the last decade after soaring property values have encouraged people seek to pull cash from their homes. More lenders have entered the market and advertise heavily on daytime TV. Equity release loans can be used to help provide children and grandchildren with a deposit on their first home, supplement pensions or mitigate inheritance tax by reducing the value of the estate left on death. As a former financial adviser, I met people who lived in mortgage-free valuable homes which they could not afford to maintain or heat. I also met borrowers who did not know the difference between an interest-only and repayment mortgage. They did not realise that their loan would not be paid off and that they were only paying interest and not capital. Lenders can demand full repayment of the loan at the end of the mortgage and are not obliged to extend the term. You should get independent advice if you are interested in releasing equity – borrowing - from your home. The Bank of England has held base interest rates at 0.1% despite forecasting 4% inflation by the year end. However, the market expects rates to rise in early 2022. Other articles: Property Sales Up 32% In August Free Property event Live Online Property Networking Meeting Sunday 3 October 7PM Master your property investor networking skills as the world moves back to normal! Discover how to create and develop relationships in the property world and maximise your portfolio. In today’s marketplace, businesses that are operating in the same industry are classed as competitors. But in the world of property, it is the complete opposite. Fellow property investors are your allies, your motivators, potential JV partners, private funders and more importantly, your reliable support network. Join great speakers and property investors online at 7:00PM on Sunday 3rd October 2021 Click here to register: https://bit.ly/3zvaBHRSee omnystudio.com/listener for privacy information.

China's central bank has declared all transactions of crypto-currencies illegal, in effect banning digital tokens such as Bitcoin. "Virtual currency-related business activities are illegal financial activities," the People's Bank of China said, warning it "seriously endangers the safety of people's assets". This is a blow to independent digital “currencies”, as China is one of the world's largest crypto-currency markets. Is Crypto a real currency? It is certainly not a reliable and stable way to pay for things. The price of Bitcoin fell by more than $2,000 (£1,460) today following the Chinese announcement. It is the latest in China's national crackdown on what it sees as a volatile, speculative investment at best - and a way to launder money at worst. The latest move follows a 2019 ban on trading crypto-currency, which has continued online through foreign exchanges. China has warned of crackdowns on crypto this year. In May, Chinese state intuitions warned buyers they have no protection for continuing to trade Bitcoin and other currencies online. In June, it told banks and payment platforms to stop facilitating transactions and issued bans on "mining" the currencies - the trade of using power hungry computers to create new digital coins. Friday's announcement is a stark warning yet that China wants to shut down crypto-currency trading in all its forms. The statement clearly states that anyone involved in "illegal financial activities" are committing a criminal offence and will be prosecuted. Even foreign websites providing such services to Chinese citizens online is also an illegal activity. China already has its own digital version of the Yuan, and other central banks are set to follow in a bid to phase own cash and get a tighter grip on our money. Will other governments eventually ban non-central bank currencies? How digital coins are mined The technology behind crypto-currencies, including the leading crypto Bitcoin, is linked on many distributed computers verifying and checking transactions on a giant shared ledger known as the blockchain. New "coins" are randomly awarded to those who take part in this work - known as crypto "mining". China, with its relatively low electricity costs and cheaper computer hardware, has become one of the world's main centres for mining activity. Online gamers blame the mining industry for a global shortage of powerful graphics cards, which miners use for processing crypto-currencies. Two years ago in September 2019, China accounted for 75% of the world's Bitcoin energy use, but by April 2021 it had dropped to just 46%. Other money news Driverless trucks are here just in time to save us from the so-called driver shortage  UK government considering temporary working visas to solve ‘driver shortage’ Fuel shortage in UK blamed on driver shortage as protestors block Dover port Seasonal Agricultural Workers Scheme working visa to be changed to save crops Stock market crash avoided as Evergrande comes to an arrangement with creditors Half UK mortgage borrowers remain in debt after retirement as living standards fall UK base interest rates held as Bank of England predicts 4% inflation and 2022 rate rise New ‘world order’ is here – wake up! The world of business has changed forever and unless you adapt your business will decline. What can you do to take advantage of the changes rather than hoping things will go back to ‘normal’ again? They won’t. The biggest revolution is the explosion in online trading and social media marketing. Businesses which have adapted have boomed while others are no longer in business. Can you make money on social media? I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t mean us oldies can’t get in on the act! We can all learn to not only how to use social media,  but also how to make money on social media… "Stop Wasting Time On Social Media And Start Making Money Instead" You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing. In this FREE webclass you're going to see: How to​ use the time you're already spending on the internet to build a digital business in your spare time. How to​ get a product to sell if you don't have one already and... how to get it for nothing. The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media." You'll discover all this and more when you watch the webclass below. I'M READY TO WATCH THE FREE TRAINING NOW! WATCH THIS TRAINING IF: You own a business. You want to own a business without quitting your job yet. You are serious about building a profitable online business. You're tired of wasting time on social media and want to make money instead. "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise). I'M READY TO WATCH THE FREE TRAINING NOW! CLICK HERE TO WATCH https://bit.ly/38rzLvZ Spots Fill Up Fast - Limited Seats Available! #socialmediamarketing #makemoneyonline #china #property #stockmarketcrash #bitcoin #cryptocurrenciesSee omnystudio.com/listener for privacy information.

Consumer price rises in the UK saw the highest leap since records began in 1997 as the economy opened up following several lockdowns. According to official government figures, the increase in the cost of living, as measured by the Consumer Prices Index, reached 3.2% (50% above BOE target) in the year to August, the highest since 2017. Rising prices for food, petrol and used cars were up from 2% the previous month. But the Office for National Statistics (ONS) is following the Bank of England’s line describing the August's price increases as "temporary". The markets barely reacted to the higher inflation figures with London Stock Market prices down slightly this morning. The main weapon employed by central banks to curb inflation is to increase interest rates. However, this will also increase their own government’s interest payments on the trillions of Pounds, Dollars and Euros they have created to prevent a covid recession and stock market crash. One thing that’s certain to go up is tax! Tax hikes, like the tax on landlords, to pay for the billions in financial stimulus to rescue the economy during the last year. How are you adapting to the ‘new world order’? The world of business has changed and unless you adapt your business will decline. What can you do to take advantage of the changes rather than hoping things will go back to ‘normal’ again? They won’t. The biggest revolution is the explosion in online trading and social media marketing. Businesses which have adapted have boomed while others are no longer in business. Can you make money on social media? I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t mean us oldies can’t get in on the act! We can all learn to not only how to use social media,  but also how to make money on social media… "Stop Wasting Time On Social Media And Start Making Money Instead" You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing. In this FREE webclass you're going to see: How to​ use the time you're already spending on the internet to build a digital business in your spare time. How to​ get a product to sell if you don't have one already and... how to get it for nothing. The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media." You'll discover all this and more when you watch the webclass below. I'M READY TO WATCH THE FREE TRAINING NOW! WATCH THIS TRAINING IF: You own a business. You want to own a business without quitting your job yet. You are serious about building a profitable online business. You're tired of wasting time on social media and want to make money instead. "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise). I'M READY TO WATCH THE FREE TRAINING NOW! CLICK HERE TO WATCH https://bit.ly/38rzLvZ Spots Fill Up Fast - Limited Seats Available!    #socialmedia #socialmediamarketing #inflation #freewebclass #makemoneyonline See omnystudio.com/listener for privacy information.

The huge Chinese property company, Evergrande, is repaying investors in its wealth management business with property instead of cash this week. The world's most indebted real estate developer faces a crunch this week while investors fear a default. Major banks have reportedly already been informed they will not receive interest payments on loans that are due this week and further interest payments of $84m (£61m) on the firm's bonds are due on Thursday. The company's shares dropped by more than 10% in Hong Kong trade on Monday, but are down 90% on its 52 week high. The multi-billion dollar property business deepening debt problems have triggered fears over the impact its potential collapse could have on China's, as well as the western world’s, economies. Evergrande grew to be one of China's biggest companies by borrowing a massive $300bn (£217bn). The Beijing government has recently brought in new laws to control the amount owed by big real estate developers to stave off a potential debt crisis. This led Evergrande offering properties at major discounts to ensure money was coming in to keep the business afloat, is still struggling to meet the interest payments on its debts. This uncertainty has seen Evergrande's share price tumble by almost 90% on last year and bonds have also been downgraded to ‘junk’ by global credit ratings agencies. Businessman Hui Ka Yan founded Evergrande, formerly known as the Hengda Group, in 1996 in Guangzhou, southern China. He is worth $10.6bn, according to Forbes, but that figure may need updating. Evergrande Real Estate currently owns more than 1,300 projects in more than 280 cities across China. Evergrande Group now encompasses far more than just real estate development and includes businesses range from wealth management, making electric cars and food and drink manufacturing. It even owns one of country's biggest football teams - Guangzhou FC. Too much diversification outside of the core business can stretch management and lead to problems. How will it affect the world if Evergrande collapses? Thousands of Chinese investors riding the wave of a booming market have bought property from Evergrande ‘off-plan’ even before building work began. They have paid deposits and could potentially lose that money if it goes bust. The companies that do business with Evergrande stand to lose millions if the company fails to pay outstanding invoices. Firms including construction and design firms and materials suppliers are at risk of incurring major losses, which could force them into bankruptcy. There are rumours of hundreds of unfinished projects where unpaid constructions firms have downed tools.  The more worrying aspect is the potential impact on China's entire financial system.   The KEY to building and KEEPING wealth is financial education. Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy and how some lose it all - Yes Money Can Buy You Happiness.  We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free! If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2  Book now as spaces fill up fast...See omnystudio.com/listener for privacy information.

Almost 5 million Granted UK Residence Under EU Settlement Scheme  Despite warnings of a mass ‘Brexit exodus’ of European migrants, it has emerged that just under five million people were granted the right to live and work in the UK under the EU Settlement Scheme so far, according to official estimates. Home Office figures reveal that, as of the end of June, some 4,908,760 EU citizens had been granted an immigration status to remain in the country as full freedom of movement to live and work in the UK came to a close following Brexit transition. EU citizens – as well as people from Iceland Liechtenstein, Norway and Switzerland – and their families were invited to apply to the scheme by the June 30 deadline. Quarterly data published this week showed that the Home Office had processed 5.5 million applications for settlement by the deadline, with the highest numbers of applications coming from Polish, Romanian and Italian nationals The latest figures are much higher than the official estimate of how many EU nationals are living in the UK. The Office for National Statistics (ONS) indicated that in mid-2020 this was 3.5 million. More than six million applications (6,050,860) were submitted between the launch of the scheme in March 2019 and the June 30 2021 cut-off date. Over 2.8 million applicants were granted settled status, allowing them permanent leave to remain in the UK. A further 2.3 million (2,327,850) were granted pre-settled status, meaning they need to reapply after living in the country for five years to gain permanent residence or indefinite leave to remain in the UK. Included in this number, immigration status was granted to 295,890 people from countries like India, Pakistan and Brazil under the scheme, which allows family members who are not EU or European Economic Area nationals to also apply. The Home Office said: “Across all nationalities, the highest numbers of applications received were from Polish, Romanian and Italian nationals. This has been the trend throughout the life of the scheme.” There were 109,430 applications refused, 80,600 withdrawn or void, and 79,730 were deemed invalid, where the Home Office decides someone is not eligible to apply or has failed to provide sufficient proof of residence. The Home Office said 8% of the applications were from “repeat applicants” (472,220). Among the applications were more than one million from children (1,002,280). Some 772,260 of the applications from under-18s finalised by the end of June were granted an immigration status, while 32,870 requests were refused, withdrawn, void or invalid, the figures indicate. In London, Newham saw the highest number of applications to the scheme (142,120). Outside London, the highest number was in Birmingham in the West Midlands (138,490). It is still not known how many people in the UK are eligible for the scheme but could remain in the country undocumented. Anyone who has not yet applied may have lost their lawful immigration status after the deadline, although late applications can be made under limited reasonable grounds and the Government has said there is no cut-off date for doing so. Those who applied before the deadline but have yet to receive a decision are protected under existing rights, subject to the outcome of the application and any appeal. Anyone who does not apply and continues to live in the UK without being able to prove their immigration status could face enforcement action. Most migrating EU citizens will in future need a work permit to live and work in the UK. The UK has one million job vacancies including a shortage of lorry drivers and builders, much of which has been blamed on Brexit. However, the latest Home Office settlement figures appears to contradict this claim. The mainstream media keep spreading rumours that there will be empty supermarket shelves this Christmas because of the lorry driver shortage and Brexit, yet everywhere I look there’s a lorry or van thundering down my street! You can’t move for delivery vans dropping off goods to people who for whatever reason prefer not to go to a shop. Finally, if most of our food is imported, would that not be delivered by a lorry from the country from which the food is being sent? Of course it would! That’s why our motorways are clogged up with juggernauts from Spain, Netherlands, Romania, Poland and just about every other EU country.  Trending Tensions rise as China denounces AUKUS Pact between US, UK and Australia Highest price rises since CPI records began as inflation hits 3.2% - https://youtu.be/wv7-WPv-mHs  Emma Raducanu becomes instant millionaire at 18 and could earn £150m! - https://youtu.be/koAbiFVlgqg Time to get out of stocks and shares? Market Warning - https://youtu.be/_vOblIQYxqo The new world order is here The world of business has changed and unless you adapt your business will decline like it has for thousands of small businesses as well as companies like Debenhams and Gap. What can you do to take advantage of the changes rather than hoping things will go back to ‘normal’ again? They won’t. The biggest revolution is the explosion in online trading and social media marketing. Businesses which have adapted have boomed while others are no longer in business. Can you make money on social media? I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t mean us oldies can’t get in on the act! We can all learn to not only how to use social media,  but also how to make money on social media… "Stop Wasting Time On Social Media And Start Making Money Instead" You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing. In this FREE webclass you're going to see: How to​ use the time you're already spending on the internet to build a digital business in your spare time. How to​ get a product to sell if you don't have one already and... how to get it for nothing. The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media." You'll discover all this and more when you watch the webclass below. I'M READY TO WATCH THE FREE TRAINING NOW! WATCH THIS TRAINING IF: You own a business. You want to own a business without quitting your job yet. You are serious about building a profitable online business. You're tired of wasting time on social media and want to make money instead. "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise). I'M READY TO WATCH THE FREE TRAINING NOW! CLICK HERE TO WATCH https://bit.ly/38rzLvZ Spots Fill Up Fast - Limited Seats Available!    #eusettlement #immigration #makemoney #socialmediamarketing #makemoneyonline #euimmigration #ukresidence #workpermit See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

Tax Landlords and Wealth to pay for social care is the expected policy of the leader of the opposition Labour Party Sir Kier Starmer, the BBC reports. Is taxing savers and investors the answer? Will increased taxes on investors and businesses solve the economic crisis? What can you do to protect yourself?See omnystudio.com/listener for privacy information.

Barclays offering a 2-year fixed rate mortgage at just .97%! London offices busy again as staff return to work, with London Transport reporting a 20% jump in passenger numbers.  £36 Billion Tax Hike, London Property Market Busy As Offices Fill Up Boris Johnson plans to raise £36 billion with higher taxes to ‘fix’ social care and the NHS. New dividend tax could hit shares and stock market, as well as pension and investment funds. Savers and property owners will be hit with taxes and have to pay for care. Staff shortages hitting businesses.   Can you make money on social media? I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t mean us oldies can’t get in on the act! We can all learn to not only how to use social media,  but also how to make money on social media… "Stop Wasting Time On Social Media And Start Making Money Instead" You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing.   In this FREE webclass you're going to see: How to​ use the time you're already spending on the internet to build a digital business in your spare time. How to​ get a product to sell if you don't have one already and... how to get it for nothing. The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media." You'll discover all this and more when you watch the webclass below.   I'M READY TO WATCH THE FREE TRAINING NOW!   WATCH THIS TRAINING IF: You own a business. You want to own a business without quitting your job yet. You are serious about building a profitable online business. You're tired of wasting time on social media and want to make money instead. "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise).   I'M READY TO WATCH THE FREE TRAINING NOW! CLICK HERE TO WATCH https://bit.ly/38rzLvZ Spots Fill Up Fast - Limited Seats Available! See omnystudio.com/listener for privacy information.

Chloe was born in London to immigrant parents from the Philippines. Although they worked hard day and night, money was tight for the family you came to the UK with nothing. Despite her humble beginning, Chloe showed an early aptitude for learning. She was particularly talented with mathematics and was racing ahead of her school friends after her parents found the money to send her to private Kumon lessons. At 8-years old Chloe could solve complex equations normally taught to A-Level students. She was even able to demonstrate this skill on her YouTube channel. The child genius scored 143 on a recent Mensa test, but brains alone are not enough without hard work. Chloe is extremely disciplined with her time and plans every aspect of her day. She also sets short and long-term goals. She aims high. Having won a place at one of London’s top high schools starting this month, she has set her sights becoming a paediatrician at Oxford University. Her now single mum devotes her life to Chloe even if her salary as a care supervisor does not stretch very far when it comes to paying for an expensive uniform or Kumon lessons. Chloe is an engaging speaking and takes part in pageants and talent shows in her spare time. Her work ethic and positive attitude are typical of the many migrants who succeed in the UK despite starting with no money, no contacts and none of the advantages of native-born Britons. Chloe and her mother are an inspiration to us all and I have no doubt that she will go far and wish her every success.See omnystudio.com/listener for privacy information.

My answer might surprise you… The highest paid FTSE 100 company executive is the CEO of pharmaceutical giant Astra Zeneca, Pascal Soriot, who earned £15.45 million in 2020 for his part in delivering the covid vaccine to tens of millions of people. The median FTSE CEO was paid £2.69 million – 86 times the median full-time worker - in 2020, according to the High Pay Centre think tank. The boss of the credit search agency Experian, Brian Cassin, earned £10.3 million, but CEOs of PLC companies are not the highest paid people in the UK. Denise Coates, the boss of privately owned online gambling firm BET 365 earned £421 million. 4 Ways Employees Can Get Rich: Performance related pay and bonuses Salary Pensions Share or stock options Millions of small business owners, freelance and self-employed workers earn less than the minimum wage when taking into account the number of hours they put in, and most would be better off driving a bus. However, most self-made millionaires are business owners who have worked hard building their businesses up over many years. Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy: Yes Money Can Buy You Happiness. You can find it on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858 We know exactly what the millionaire habits and traits are, as success leaves tracks. All you have to do is follow their tracks to become wealthy and financially free! If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2 See omnystudio.com/listener for privacy information.

Millions of people have little or no savings and are worried about financial security.  In the UK, savers face an estimated savings shortfall of £371 billion to feel financially secure. Most people are no more than a couple of salary cheques away from bankruptcy and are forced to borrow at high interest rates to cover a minor repair, holidays and Christmas. Everyone wants to be financially free or just have a little more money coming in each month. The problem is they don’t know how.  If you are on a fixed salary your options can seem limited. You may have limited opportunities for promotion and starting a business can be expensive and risky. But what if there was a way to earn extra money on the side, without leaving the security of your job or existing business. Did you know that you can make money on social media instead of wasting time on it?  With millions more people turning to the internet to buy goods and services and hold meetings, there has never been a better time to make money online. Internet transactions have reached record levels while traditional retail businesses are suffering.  "Stop Wasting Time On Social Media And Start Making Money Instead" You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing. In this FREE webclass you're going to see: How to​  use the time you're already spending on the internet to build a digital business in your spare time. How to​  get a product to sell if you don't have one already and... how to get it for nothing. The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media." You'll discover all this and more when you watch the webclass below. I'M READY TO WATCH THE FREE TRAINING NOW! WATCH THIS TRAINING IF: You own a business. You want to own a business without quitting your job yet. You are serious about building a profitable online business. You're tired of wasting time on social media and want to make money instead. "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise). I'M READY TO WATCH THE FREE TRAINING NOW! CLICK HERE TO WATCH https://bit.ly/38rzLvZ Spots Fill Up Fast - Limited Seats Available!See omnystudio.com/listener for privacy information.

Exclusive free training for my Money Tips Podcast followers!   Welcome To The Course, Mastering Money The S.M.A.R.T Way Without Working Any Harder!    Lesson #6   TRACK YOUR INCOME AND EXPENDITURE Welcome to the final module and congratulations on sticking with it. Winners are finishers! If you can’t measure it, you can’t improve it. Peter Drucker   In this module, we are going to put it all together starting with monitoring your income and outgoings. Tracking your income and expenditure is the foundation of gaining control of your finances and accumulating wealth. Unless you know where your money is going you cannot make savings or accumulate cash, which is why I keep repeating this. Keep a spreadsheet, or an app and you’ll be amazed at the results.    Good businesses and governments keep accurate records, and produce monthly management accounts. They use cashflow forecasts to project forward to anticipate peaks and troughs and nasty surprises.   When working as a financial adviser, I found that the average person had no idea. A regular annual spike in expenditure, such as Christmas or a service on the car, seemed to come as a big surprise to them.   People in this position were invariably broke or living close to the edge. They constantly worried and argued about money because money controlled them rather than the other way around.    Any large bill would send them deeper into debt.   Things always seemed to go wrong for them, or that’s how they perceived a car breakdown or the boiler packing up over the Christmas holidays.    One family I met actually felt that the whole world was against them. The husband, despite being a skilled and intelligent design engineer, was the main problem. He was at odds with everyone and always going to court to dispute late payment fines or parking tickets. He would say things like, “it’s just our luck” or “the system’s a con”.    The wife said to me, “we just want to be normal”. I could see that the negativity and poverty mindset of the parents was being passed on to their six children who all looked slightly downtrodden and worried.    In reality, their “disasters” were no different to the things that happened to everyone else. Things go wrong and break down, especially when they are old or not serviced.     When you are in control of your finances you will still have problems. However, the difference is that you will be able to deal with them quickly without borrowing. You will have a contingency fund and insurance cover for breakdown and repairs or things that happen unexpectedly in our lives, like the death or injury to a breadwinner. That’s what wealthy people have!   You will know you exactly where your money goes and where you can make savings.   Additional income when economising is not enough.   Mastering money is not just about saving money or cutting back. You obviously need to earn well and keep earning, learning and improving.   You can only reduce your expenditure so far. If you want to improve your lifestyle you will have to increase your income. Struggling businesses cannot just cut costs and staff in order to survive. They need sales and revenue.   You can increase your revenue in a number of ways. For instance:   Change your job or business    Upskill to become more valuable to the marketplace   Take a part-time job or start a part-time home-based business.   How many hours do you work each week?   The majority of people in developed countries work between 35 and 40 hours a week, unless you live in France where some work closer to 30 hours! This is not the case in Asian tiger economies.   Take the example of immigrants who usually progress rapidly in a country like the UK or US. Migrants I know don’t just work a 40-hour week. They take all the overtime offered or have part-time jobs in the evenings and weekends. While others are watching all the ‘bad news’ about the economy on TV, they are out earning money for their own u’conomy!   I know many migrants who came to the UK with “nothing to declare” and no contacts, but quickly prospered.    I meet migrants at seminars. Some have learned how to make money in property using none of their own money, which is handy, because they didn’t have much to start with!   Others have started online businesses in their spare time or leaned how to trade stocks and FOREX.   If you don’t think you have the time, take a look at how much time you spend watching TV or on social media. Instead of wasting time on social media, I now make money on social media.    The future is HERE NOW, watch out!   AI, automation and self-driving vehicles are no longer science fiction. Millions of jobs in the west will disappear over the next ten to twenty years, and some predict even sooner. There has never been a more pressing time to learn new skills and upgrade your knowledge.   Jobs no longer last for 40 years and governments around the world have already talked about how to reskill millions of workers who will become redundant when the machines take over, or someone in The Philippines or India can do the job faster and cheaper.   Only 10% of people keep learning after leaving school or college and many never read another book. Where do you think they are in the earnings league?    You don’t need to go back to years of formal education to reskill. There are thousands of inexpensive vocational courses available at evening colleges and increasingly online. Universities offer part-time courses, from short diploma to master’s degree, specifically aimed at mature and working students. I know, because in 2017 I gained a degree in leadership and management from my local university. All the lectures and tutorials were held at the weekend to suit working students who wanted to improve their prospects and expand their mind.   Summary Lesson 6   Tracking your income and expenditure is the foundation of gaining control of your finances and accumulating wealth.  Wealthy people know exactly what’s coming in and where their money is going. Action Steps Start your money tracker spreadsheet now Record all money coming in and going out of your household Look ahead and anticipate peaks and troughs in income or expenditure Look for ways to earn extra money Think about your job in the future Never stop learning and upskilling.   Congratulations on reaching the end of this course!  You have learned how to Master Your Money and become a S.M.A.R.T Money Manager. Using this simple management system will help you to:   Spend wisely and avoid debt Manage and respect your money Accumulate wealth over time Review your finances on a regular basis Track your income and expenditure   Finally, take responsibility for where you are today. Your current bank balance reflects your lifetime decisions, habits and actions. Don’t blame the government, the taxman or your parents.   As one of my mentors, Jim Rohn once said, “If you’re forty, in good health, living in America and broke, something is wrong”.    We all have the opportunity to educate ourselves, learn from leaders in our field, get a better job or start a business, save and invest and build a better life.    Yes, some lucky people born into wealth have a leg up in life, but that doesn’t exclude you from the millionaire’s club. Membership to the club is still open and every year millions more join it!   Someone else becoming rich doesn’t deprive you or mean there’s not enough to go around – that’s a ‘scarcity’ mentality. Quite the opposite in fact. Wealth is expanding, wealthy people employ more people, successful business people employ people and help make others rich too.   I repeat. There are more opportunities today to become financially free than there has ever been in 7000 years of recorded history.   Thank you for joining me on your journey to becoming a S.M.A.R.T Money Manager. Remember to follow the action steps. TAKE ACTION! There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, which you can find on Amazon.   Thank you for listening to this course! I hope you enjoyed it.   Would you like to take the next step towards becoming financially free?   Bonus Lesson   You have now learned how to manage you money the S.M.A.R.T way. I have created a special bonus lesson to take you to the next level by showing you how you can create more income!   I will send you the bonus lesson if you follow the steps below and watch my free video training. Just email once you have registered.   Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. We know exactly what the millionaire habits and traits are, as success leaves tracks. All you have to do is follow their tracks to become wealthy and financially free!   If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.   I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2   See omnystudio.com/listener for privacy information.

Michelle Seiler Tucker is the Founder and CEO of Seiler Tucker Incorporated. She holds the M&AMI (Mergers & Acquisitions Master Intermediary) title, as well as Certified Mergers and Acquisitions Professional (CM&AP) and Certified Senior Business Analyst (CSBA). Michelle also owns many other businesses in several different industries. As a 20-year veteran in the M&A industry, she is regarded as the leading authority on buying, selling, fixing, and growing businesses. Her and her firm have sold over a thousand businesses in almost every vertical and have a remarkable track record of success.  In addition to being featured in INC, Forbes, Entrepreneur Magazine, and USA Magazine, Michelle is an international keynote speaker and makes regular radio and TV appearances on Fox Business News and CNBC. She has spoken alongside many prominent speakers: Eric Trump, Arnold Schwarzenegger, Kathy Ireland, Donna Karen, Stedman Graham, Randi Zuckerberg, Steve Wozniak, and more. She is the Best-Selling Author of the book “Sell Your Business for more than It’s Worth” and has a new book coming out called “Exit Rich®.”  Michelle gives insight into building a sustainable, scalable, and sellable business utilizing her proven techniques outlined in her newest book Exit Rich®. Other topics Michelle can speak on include:  ST GPS Exit Model® – Planning Your Exit Strategy from Day One ST 6 P’s® - How to Build a Sustainable, Scalable, and Sellable Business The 10 Biggest Profit Mistakes Sellers Sanity Check/Buyers Sanity Check Maximizing Valuations How to Create a Bidding War Amongst Buyers You may also view her sizzle reel by clicking on the link. For additional information on her and her business, you can visit seilertucker.com.  Her new book, Exit Rich, is an Inc. Original and is endorsed by: Kevin Harrington – Inventor of the Infomercial, Best-Selling Author, Original Investor Shark on Shark Tank, www.kevinharrington.tv, Steve Forbes - Chairman and Editor-In-Chief, Forbes, Brian Tracy - Author, Speaker, Les Brown - Leading Transformational Speaker and Author, Jack Canfield - Multiple #1 New York Times Best-selling Author of the Chicken Soup for the Soul® series, Tom Hopkins - Author of "How to Master the Art of Selling", Mark Victor Hansen - Co-Creator of the Chicken Soup for the Soul Series, Co-Chairman and CEO of Metamorphosis Energy. For more information on how to Seiler Tucker Inc. www.seilertucker.com We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you have to do is follow their tracks to become wealthy and financially free! If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2   See omnystudio.com/listener for privacy information.

Professional property investors make money in property in any market – UP, DOWN or SIDEWAYS! You can make money in property if you know how, and you do not even need to use your own money. You can start with zero capital using many of the ‘no money down’ strategies. Would you like to learn more about making money from property? Click HERE for free updates, courses and webinars on how to become a professional property investor in your spare time using other people’s money. FOR MORE PROPERTY INFORMATION FOLLOW - https://bit.ly/3sjxRaSee omnystudio.com/listener for privacy information.

Exclusive free training for my Money Tips Podcast followers!   Welcome To The Course, Mastering Money The S.M.A.R.T Way Without Working Any Harder!    Lesson #5   REVIEW YOUR FINANCES REGULARLY    Welcome to part 5 of this course and congratulations on making it this far! You are well on your way to becoming a Money Master.   In this lesson, we look at reviewing your finances. It’s all very well planning, saving, economising and setting up investments, but unless you review your plans on a regular basis you are likely to get off-track or come unstuck. Just like a ship’s captain, you have to review your course and make adjustments to reach your destination. Remember to think of yourself or your household as a business in terms of managing your finances.  What do well managed businesses do?  Businesses:   Have a mission statement, or purpose, and a business plan. Review plans at least once a year to keep the ship on course. Hold regular board meetings to review plans, performance and targets. Hold annual meetings with their accountants, legal or financial advisers. Have a disaster recovery plan in case of a fire, flood, robbery or IT failure. Hold reserves and contingency funds to see them through the lean times. Project forward using a cashflow forecast to anticipate peaks and troughs. Review mortgages, loans or leases to ensure they are getting the best deal. Review their insurance policies, liabilities and savings rates on their reserves.  Review expenditure on their utilities, suppliers, water and broadband contracts Your ‘head office’ is your home and your ‘board room’ can be your kitchen table.    When I was running a business, we never wasted office space by having a dedicated board room with a big shiny oak table and leather chairs. You don’t even have to hold meetings in the home or office.    We held our most productive meetings in the local café over a cup of coffee and a croissant. We also generated ideas and built morale by taking the staff away on team building weekends or buying pizza on a Friday afternoon and just sitting down with everyone to eat together.   The general principle is to sit down – with your partner, family or adviser – on a regular basis (monthly or yearly) to review your finances and plans.    Most people never do this, and is it’s no coincidence that most people struggle with money.   If you have a family, make sure you include them in your plans and dreams.   The 3 R’s of Money Management TM   The 3 R’s formula, featured in my book, Yes, Money Can Buy You Happiness, gives you a simple, but effective, 3 step plan to stay on top of your finances.   Read or Review   Read your bank, credit card and mortgage statements.  Read the list of regular payments going out of your account and credit cards. Read loan agreements and terms before you sign them and ask, take advice. Read a simple book on managing your finances or look online.   Whilst this may seem obvious, I can tell you from my experience in financial services that most people do not follow the above steps.    Brian Tracy once said that reading for an hour a day on a subject will make you an expert within a short period and a world-renowned authority within three to five years.   Revise   Revise your credit cards and loans and shop around for better deals. Revise the minimum payment you make each month to clear the debt faster. Revise your mortgage loan if you feel you can get a better deal without penalties. Revise your utility suppliers like gas or electricity if this is possible where you live.  Revise your insurance on your life, health, car, home and personal liability. Revise and adjust your savings and pension plans to keep up with inflation.   The next step after reviewing where you are is to make the necessary adjustments to get you where you want to be. This could include becoming financially free in the next five years or just living comfortably within your budget each month and putting something aside for the future.    Loyalty does not always pay and companies frequently offer better deals to new customers while leaving their existing “loyal” customers on poorer terms and even ‘walking the price up’ by a small amount each year.   Shopping around for better deals will save you a small fortune over time. Remember the saying, “A penny saved is a penny earned”. Businesses know that cost saving adds to the bottom-line profits. And it’s never been easier to do with all the online comparison websites, which can enable to save money almost instantly.   You don’t always have to switch suppliers to save money. Why? Because it costs more to win a new customer than it does to retain one by offering a discount, but if you don’t ask, you don’t get!   Record   Record Income and Expenditure on a spreadsheet or one of the many App’s.   Companies record income and expenditure and prepare monthly, quarterly or annual accounts to check on how they are doing and submit their tax return.    The directors hold board meetings to review the previous year and plan ahead. They budget, make plans and invest in their future in order to stay competitive in the marketplace. You should do the same and realise that you are your own corporation running your economy or ‘uconomy’.     Just like a garden, your finances need nurturing and watering to stay in shape. A small garden might only need an hour a week. A larger one will need more and may require some part-time help. A huge garden or estate requires full-time staff constantly working on it, just like a farm. A farmer knows when to plant seeds, when to weed and tend and when to harvest and sell.   Yes, these action steps require effort and discipline, but not doing them will cause you far more pain. What’s easier, giving the lawn a quick trim every week or trying to hack your way through a jungle of thick weeds and thorns after years of neglect?   The rich and well-off look at their finances all the time, not just when there’s a crisis. They know what’s coming in and where it goes, and they are always shopping around for a better deal or investment opportunity.   The poor and less well-off, do not! It’s that simple. Despite having limited income, I have found that those struggling with money are more likely to have no idea how much is coming in or where it’s going. They also make poor financial decisions, buy expensive and overpriced consumer goods and rarely review their finances, which is why they remain broke and trapped in a rut.   Some of the new challenger banks have neat features that allow you to manage your cash more effectively on your smartphone. They give you expenditure summaries and send an alert to your phone when money goes in or out of your account. I’ve just had an alert on my phone advising me that a Direct Debit payment just left my account. If I use my card in a store I’m also immediately alerted.    Summary Lesson 5   Thinking of yourself as a business, and following best business practice, will transform your life. Even if you work for someone else you can still have the mindset of a company hiring yourself out for money. Action Steps Follow the 3 R’s formula – Read or Review, Revise and Record Read everything to do with your money Revise agreements and investments Review your finances monthly, quarterly or at very least annually.  Congratulations on completing this module. In the next lesson, we will be looking at tracking your income and expenditure.   Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy: Yes Money Can Buy You Happiness. You can find it on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858   We know exactly what the millionaire habits and traits are, as success leaves tracks. All you have to do is follow their tracks to become wealthy and financially free!   If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.   I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2 See omnystudio.com/listener for privacy information.

The UK economy grew by 4.8% between April and June, according to official figures, as most businesses emerged from lockdown. Data from the Office for National Statistics showed that the expansion in gross domestic product (GDP) was fuelled by retail, restaurants and hotels. Education also boosted the economy as schools reopened in the second quarter. However, the figure was slightly below the 5% the Bank of England expected. The UK economy is now 4.4% smaller than it was before the pandemic. Growth in the second quarter contrasts with the first three months of the year, when the economy shrank by 1.6% while Covid restrictions were still in place. Source BBC and ONS. Advertised job vacancies also rose particularly in the building industry. However, unemployment could rise next month when the furlough job retention scheme ends.See omnystudio.com/listener for privacy information.

House prices have fallen for the first time this year, according to property website Rightmove, but does this mean we are heading for a market crash? The website reports that the “average price of property coming to market in August fell 0.3%”, which is a small drop of £1,076, to £337,371. The property market slowdown follows the ending of the stamp duty holiday and a subsequent fall in demand for bigger homes. "Average prices have only fallen in the upper-end sector," said Tim Bannister, Rightmove's director of property data. First-time buyers and second-stepper properties are still in demand, leading to new record high average prices in those sectors, he added. Rightmove figures revealed a 0.8% drop in the four-bedroom-plus sector, but new record price highs in the two-bedroom sector, up by 0.6%, and three to four bedroom second-stepper-type properties, up by 0.3%. Summer holidays normally lead to a slowdown in activity in August, experts pointed out, with many anticipating a slackening in demand. Source: BBC and Rightmove. The small property price falls, based on new houses coming onto the market, do not yet indicate a market crash. Minor price fluctuations could be seasonal or influenced by a post-stamp duty holiday slowdown.  Property investors should see a return to a more normal buyers property market in the coming months. I am definitely noticing more price reductions and properties coming back on the market after a sale fell through. However, markets, like the bond and stock markets, are not always rational and frequently react to external events, such as a war or political instability in the Middle East.  The actual figures based on sold properties for the current period will be revealed in official Land Registry data later this year. Professional property investors make money in property in any market – UP, DOWN or SIDEWAYS! You can make money in property if you know how, and you do not even need to use your own money. You can start with zero capital using many of the ‘no money down’ strategies. Would you like to learn more about making money from property? Click HERE for free updates, courses and webinars on how to become a professional property investor in your spare time using other people’s money. FOR MORE PROPERTY INFORMATION FOLLOW - https://bit.ly/3sjxRa See omnystudio.com/listener for privacy information.

Exclusive free training for my Money Tips Podcast followers!   Welcome To The Course, Mastering Money The S.M.A.R.T Way Without Working Any Harder!    Lesson #4   HOW TO ACCUMULATE WEALTH OVER TIME   In this module, we are going to cover saving, investing, and accumulating wealth.   If you cannot save money, the seeds of greatness are not in you. Clement Stone   Get into the habit of saving until you get more satisfaction from rationally putting money aside than you do from irrationally spending it.   The events of the last year has exposed the fact that millions of people have no savings. After years of working in first-world prosperous countries they are broke, and dependent on benefits and foodbanks.    We all need savings to fall back on and to enable us to stop working or at least stop exchanging our time for money. If you have no form of passive income, you can never stop working.   In simple terms, savings can be categorised into three general areas:   Short term  Medium Term Long term    Short term savings can be for a contingency fund for emergencies, holidays or to buy something you need.   Medium term savings can be for larger items, like a deposit for a house, an investment into a business or a car.   Longer term saving is generally for retirement but can also include children’s college education.    Pay yourself first   A basic principle is to pay yourself first before you pay everyone else.   Think of saving as paying yourself rather than depriving yourself of candy when your pocket money was taken away from you by your parents.   Savers automatically transfer a percentage of their income into some form of savings vehicle as soon as they receive it and live on the rest.   Spenders spend and live on their salary and save whatever is left over, if any.    Who do you think saves the most money?    Money Master savers also maximise their tax-free allowances into things like tax-efficient pensions and schemes to make sure their money is working hard for them and they are paying less tax.   The poor work hard for their money, the rich make their money work hard for them. Robert Kiyosaki    An easy way to save is to use the ‘jam jar’ method that your grandparents used when money was tight, everything was paid in cash and people didn’t use banks as they do today.   When the weekly wage came into the household it was divided up, usually by the women, and put into various empty jam jars to cover the rent, fuel, food and replacement items like children’s shoes. People also saved for birthdays and Christmas.   You can use this method by dividing your monthly salary into virtual ‘jam jar’ separate bank accounts rather than one account.   You can name the accounts whatever you like, but I would suggest something along the following lines:   Emergency or contingency fund Medium term savings Long term savings  Play account – fun things for yourself including trips, meals out and clothes Giving account – for charity donations.    You could also add a training and development account to be invested in yourself in the form of books and courses.   The percentages will vary according to your means.   But the important point here is to get started, even if you can only save 10% of your income. Start this process online right now. Many of the newer “challenger” banks operate entirely online and can set up an account within minutes.   If you’re thinking that you cannot possibly save 10% of your income, look at your income and expenditure sheet. If you haven’t done one yet check your bank and credit card statements to see where your money goes.    If your budget is so tight and you have economised everywhere and still have absolutely nothing leftover, you may have to consider ways of increasing your income by getting another job or starting a home-based business in your spare time.   I have helped people transform their wealth through my book and coaching programme.     Mark Victor Hansen, co-author of the Chicken Soup For The Soul book series which has sold 500 million copies all other the world, teaches a ‘10,10,10,70’ wealth formula in his book, The One Minute Millionaire.   The multi-millionaire entrepreneur advises that you divide your income in the following way:   10% Giving 10% Investing – for the long-term needs 10% Saving – for short to medium-term needs 70% to live on.   Pensions   Start saving for your pension as early as you can and save as much as you can.    As a rough guide, every 5 years of delaying a pension savings plan means your eventual fund will halve in value. In other words, every 5 years you wait, means you will need to pay in twice as much to get the same result.    When we are young, we think we have all the time in the world. But you may not have as much time as you think.    For instance, if you are aged 30 now, you have roughly 30 years of working life ahead of you if you plan to retire at 60. Thirty years sounds like an awfully long time, however, if you break it down into pay or salary cheques, 30 years is just 360 salary payments - 12 per year times 30 years assuming full employment.   At 40, you have just 240 salary payments left, and at 50, just 120, assuming you manage to stay in work and in good health.    Even a full working life of 40 years is only 480 pay cheques. If you save $100 per month for 40 years, it will give you a fund of $48,000 plus growth, less charges. You couldn’t live on that for the rest of your life today, let alone in 40 years’ time. Even $1000 per month would still only be $500,000 plus growth.   You can still combine pensions with other forms of investing, such as property, stock market and business, and even use your pension scheme to buy shares and commercial property, subject to the rules. This is a specialist subject, and you should take independent professional advice.   Before you jump into something like property, remember that buy-to-let investing does not suit everyone and is certainly not a passive form of investment. Buying property requires knowledge and expertise, as well as a diligent work.     Take independent financial advice on this important area of your life. Don’t leave it to chance and risk living in poverty in your old age. If your employer provides a good pension scheme, that’s great, if not, or you are one of the millions of self-employed or casual workers, you’re on your own and will have to “row your own boat” to retirement.   Don’t rely on the government Pension ‘Ponzi’ scheme to look after you in retirement   Most government state retirement pension schemes have no actual fund.   Benefits are paid to retirees out of tax collected by working people. If I ran a pension scheme using the ‘Bernie Madoff method’ – keep collecting money and use that to pay investors – I’d be put in jail!    The UK Institute for Fiscal Studies (IFS) research found that in 2004, there were approximately 4 working age individuals (aged 20-64) for every 1 person aged 65 and over.    By 2056 this ratio is predicted to fall to about 2:1 or half the current level.    How can the government afford to fund state pensions at the same level if the income from working taxpayers drops by 50%?    The UK government has already started pushing back retirement ages for men and women and more cuts will be needed.     People are also living far longer in retirement than they did to when the state pensions schemes were introduced after the Second World War. The numbers no longer add up, if they ever did!   These schemes are bust!   Summary Day 4   Saving is a habit. If you cannot save money you will struggle with money and debt for the rest of your life and will never be able to afford to retire comfortably.   Action Steps   Pay yourself first. Set up an automatic transfer of a percentage of your income into ‘jam jar’ accounts the day your salary hits your account. Save for retirement as soon as possible. See an adviser or research pensions. Always learn and do your own research before investing in any asset.   Congratulations on completing this module. In the next lesson, we will be looking at reviewing your finances to keep you on track.   If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.   I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2 See omnystudio.com/listener for privacy information.

Higher energy prices will hit millions of people across the UK in October, just when the cold weather starts, and the country moves into winter. The energy regulator, Ofgem, said the price cap for default domestic energy deals would be raised to cover suppliers' extra wholesale costs. Your typical gas and electricity bill could go up by £139 to £1,277 a year. Prepayment customers will see an increase of £153, from £1,156 to £1309, the regulator said. There has never been a more urgent time to review your tariff and consider switching to a cheaper supplier. Switching is simple using one of the many comparison sites or making a few phone calls. Just Google ‘switch energy supplier’. One comparison site said you can save £268 by switching today. I have not verified this statement, but I have save similar amounts by shopping around. You can also save by calling you current supplier and asking them to put you on a cheaper tariff. The worst tariff is usually the ‘standard’ one and people with prepay metres – usually the lowest paid - are paying the most for their energy. HMO landlords who include bills in the rent should definitely shop around for the best deals, as tenants, like children, are not too fussed about turning off lights! The energy price hike reflects rising costs of commodities across the globe. Yesterday, the Governor of the Bank of England described price rise surge as “temporary”, as base interest rates were held at the record low of 0.1%.  Andrew Bailey did warn that if inflation continued to rise that the central bank would have to take “action”, which translates as higher interest rates.   Becoming financially free takes time and requires many hours of hard work and study. If you would like to learn how to invest and manage your money, become a professional property investor, and be financially free without working any harder and spending your life exchanging your time for money watch this free on demand training now to learn how to become financially free without working any harder. As a thank you, I will give a special free gift which can help transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2  See omnystudio.com/listener for privacy information.

MANAGE AND RESPECT YOUR MONEY   By the end of this module, you will learn how to manage and respect your money and make informed investment decisions to become a SMART MONEY MANAGER.  You can’t manage your finances without the right financial information.  Managing money, like managing your household, must be worked on throughout your life like exercise or washing. You cannot expect to stay in shape if you only exercise once a year! What does managing your money mean?  Managing could be defined as control, influence or taking charge. An example of managing finances well is having enough put aside to be able to pay your bills despite a job loss.    Question   If you lost your job, for how long could you manage and pay your bills?   During a financial crisis or recession, millions of people lose their homes within months of being made redundant.    They have no savings. Instead, they have rent or mortgage payments, credit cards, car lease payments and loans. In short, most people live on a knife edge and are no more than three salary payments from bankruptcy.    Rainy-day money   You must have an emergency contingency fund so that you are not dependant on credit cards or instant payday loans when the car or washing machine breaks down.   Some well-known payday lenders charge as much as 91% APR (annualised percentage rate) for small unsecured loans, according to Payday UK’s website.    Borrowers do not realise they are paying an annualised 91% because they are paying off the loan in less than a year.   Payday UK quotes the following example:   “Representative Example: Borrow £500 for 6 months. Interest: £160.27 - Interest rate: 65% per annum (fixed). Representative APR: 91% - Total amount payable: £660.27. Rates between 9.3% APR and 1294% APR”.   Even high street banks are charging as much as 40% for a temporary overdraught – 400 times the base rate!   UK base interest rates are 0.1%, the lowest it has ever been in history.    If a lender is charging you 3% on your mortgage, that is 40 x the 0.1% the base lending rate on which they can borrow money from the markets and us depositors. I have never seen such a high margin.   Mortgages used to cost around 2% over base lending rates, so when the base rate was say 8%, you would typically pay 10% on a mortgage – or a margin of 1.25 over base lending rates.   Solution.    Make sure you have a contingency fund for emergencies, so you don’t have to rely on loan sharks.   If you do need credit, search for cheaper alternatives online or try credit unions.   You should have reserves equivalent to 6 to 12 months’ salary in the bank in case you lose your job or source of income. Large companies, government and local authorities hold millions of reserves. They also have a ‘disaster recovery’ plan in place.   You cannot possibly manage or control your finances without data, which means knowing exactly how much money is coming in and going out.    Managers cannot manage a company without accurate management information and your household is no different.   Think of yourself as a business or corporation even if you work for somebody.    You are the CEO of your own business.   Hold monthly, quarterly and annual board meetings with your family, even you’re the only director!   Set up a system to keep a track of your revenue and costs.    What does “respecting” money mean?   Respect money and it will respect you. The author and speaker Joe Vitale, who was featured in the movie The Secret, advises that “money has its own psychology” and “energy”, which you can either attract or block depending on your mindset.    Energy does not die; it moves around and changes form. Similarly, money circulates and helps multiple people and causes.    Think about it. Let's say you give $10 to a friend to pay his cleaner. His cleaner then uses the same $10 to pay for shoe repairs, the repair guy takes the same $10 to buy lunch and coffee at Starbucks.  Starbucks bank the cash. Your friend goes into the bank to draw cash out to repay you and gets the same $10 note and gives it back to you. How many things has that same $10 bought?   Right now there are trillions of dollars in circulation.    Author Brian Tracy gave me a simple idea at one of his seminars in America. The great speaker said: “You should respect money and even look after the cash in your wallet or purse by placing each dollar bill neatly and in order of value, with the President’s head facing the right way”. This might sound silly, but Brian went on to say that whenever he met someone who had money issues, their money would be stuffed into their pocket or purse like crumpled pieces of worthless paper. It was a metaphor for the way they treated money, and ultimately the way money treated them.    Respecting money is like respecting others, treating it well, nurturing it, looking after it and always taking care of it.   I had a school friend, Malcolm, from a well-off family who would casually throw away penny coins from his pocket saying they were “dirty” and “worthless”.   His lack of respect for money led to Malcolm being broke and living week-to-week for the rest of his life - even when he was earning well.   I had a habit of picking up “dirty” coins, which I retain to this day. The late Wayne Dyer also picked up coins and gave thanks for the blessing of money before putting them in a big jar.       Look after your money and it will look after you.    If you enjoying this and find it helpful, please like and share with your friends and follow me on social media to give more people free value.   Education is key.   Lack of financial education can be extremely costly of your lifetime.    For instance, not understanding how high management charges on mutual funds or pension schemes can affect the value of your portfolio – which could cost you hundreds of thousands.     Buying a house is probably the biggest financial transaction most people make in their lives, yet few people understand mortgages. They borrow hundreds of thousands and sign on the dotted line without reading the terms and conditions.   I have met extremely intelligent academics, scientists and directors running huge companies who did not know how to manage their personal finances and in some case made costly financial errors or retired broke.   Finance is not taught in schools, which is why we graduate from formal education financially ignorant. We rely on financial advisers to tell us what to do, but where do the advisers get their financial education? The answer is, from financial industry led courses. Anybody can take these financial adviser courses!   Take a financial adviser course.    You can take a basic financial adviser course without becoming an adviser. The knowledge I gained from the courses to become a regulated adviser have been invaluable to me throughout my life.    The courses taught me about saving and investing, but more importantly, borrowing money and using the infinite benefits of leveraging 'other people's money'.     This knowledge has literally been worth millions to me over the years.   A short home-study financial course could be worth more in money terms than a university degree.   Never stop learning.   The world of finance is constantly changing and evolving. Keep yourself up-to-date by reading the financial pages of quality newspapers and magazines online or use your local library. It only takes a few minutes each day to scan the financial news, or an hour at the weekend to read the money pages, but this small investment will pay exponential dividends and perpetual returns for the rest of your life.   Summary Day 3    Managing and respecting money, and learning about the world of finance, is a lifelong process like looking after your health.   Action Steps   Think about how you manage your money. Start recording your monthly income and expenditure. Calculate how long you can survive if your income dried up. Start saving for emergencies and have a disaster recovery plan. Start building up a fund to cover 6–12 months of essential expenditure. Organise and respect your money. Educate yourself in all aspects of personal finance. Take a course or read books. Read the financial news. Never stop learning and updating your knowledge.   Thank you for listening and congratulations on completing this module. In the next module, we will be looking at how to accumulate money over time.   If you would like to learn how to invest and manage your money, become a professional property investor, and be financially free without working any harder and spending your life exchanging your time for money watch this free on demand training now to learn how to become financially free without working any harder.   As a thank you, I will give a special free gift which can help transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2   See omnystudio.com/listener for privacy information.

Exclusive free training for my Money Tips Podcast followers!   Welcome To The Course, Mastering Money The S.M.A.R.T Way Without Working Any Harder!    Lesson #2   SPEND WISELY AND AVOID EXPENSIVE CONSUMER DEBT   In this module, we are going to learn how to spend wisely and avoid consumer debt.   “Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery”. Charles Dickens, David Copperfield   Spending wisely means living within your budget, buying the things you really need and not indiscriminately shopping for things you want.   For instance, you need basic necessities such as food, utilities and a roof over your head, but do you really need Netflix?    Consumer debt   “Borrowing money at 18% to buy consumer goods is dumb” Warren Buffett   The legendary investor Warren Buffett, whose Berkshire Hathaway company owns banks and credit card companies, actually warned investors against carrying a credit card balance!   Millions of Brits and Americans carry a permanent balance on their credit card – before the covid crisis, 110 million American had credit card debt paying a crippling average rate of 16%.   “You can’t go through life borrowing money at those rates and be better off,” Buffett added.   Buffett said that an old friend of his who came into some money and asked his advice on what to do with it. He asked if she had credit card debt. She said she did, and was paying an interest rate of about 18%.   “If I owed any money at 18%, the first thing I’d do with any money I had would be to pay it off,” Buffett advised her.    By paying off the balance, she would save more money on interest than any return she could earn by investing the money, whether in the stock market or in real estate or elsewhere, Buffett advised. He added, “I don’t know how to make 18%”.   If one of the greatest investors of all time admits that he cannot make more than the rate charged on a credit card, what makes you think you can?    You should still keep some money aside for a rainy day, but pay down expensive debt rather than keep cash in the bank earning less than 1% and don’t buy stuff which go down in value using credits cards.    How much are you paying each month on your credit card bill?   Chances are, you are paying the minimum amount required.    Paying the ‘minimum payment’ on your card balance will take between 10 and 20 years to clear the debt depending on the interest rate charged?   This practice is highly profitable for the card companies and extremely costly for consumers. UK card companies are now required to warn customers about the cost of paying off the minimum amount required.    Check your credit card statement now. If you are just paying the minimum ‘default’ figure, increase this immediately to a higher amount you can afford, or clear the entire balance.   Questions to consider   How much interest are you paying on your credit cards?   How do you use your credit cards?   How much do you pay off each month?   Would you still buy that gadget or item of clothing if you had to pay for it in cash or straight out of your bank account?    Albert Einstein said ‘compound interest is one of the most powerful forces on earth’.    Using compound interest to your advantage in saving and investing, will make you rich. Used against you by borrowing, it will make you poor and someone else rich.    At an annual interest rate of 18%, how long would it take for the investment or debt to double?   The Rule of 72.   The Rule of 72 is a simple way to determine approximately how long an investment will take to double given a fixed annual rate of interest. By simply dividing 72 by the annual rate of return, you can obtain a rough estimate of how many years it will take for the initial investment to double.   72/18 = 4   In other words, a sum of money invested at 18% pa will double approximately every four years.    Similarly, a debt with interest rolled up will double in four years.   You can see how powerful compound interest is when applied to debt. The average UK mortgage holder will pay over half a million pounds in interest over their lifetime.   Summary Day 1   The first step to becoming a SMART MONEY MANAGER is to spend wisely and avoid expensive consumer debt. By taking this step alone you will see a dramatic improvement in your financial and emotional wellbeing.    It’s not about how much you earn, but how you manage your money that counts.    You could earn more money by getting a pay rise, but unless you change your money habits, you’ll soon be back where you started.   Action Steps   Think about how you spend your money.    Start making a list of all your income and expenditure using your bank and credit card statements including all the standing orders and direct debits. You can use a notebook, spreadsheet or a smartphone app to keep your record.    Your list of expenditure will fall into two categories – Fixed and Variable.   Fixed costs, which can include:   Rent or mortgage Food shopping Utilities and energy Regular bills Club membership and subscription payments   Variable expenditure, which can include:   Clothing, coffees, drinks and treats Meals out and takeaways Repairs  Any other stuff you indiscriminately buy on a whim or because it’s ‘on sale’.   Simple money saving tips you can use right now.   If you are running short every month, think about where you can make savings.    There are so many ways of making savings from switching utility providers to finding a better loan or mortgage deal. Switching mortgage deals has saved me tens of thousands of pounds.   Here are a few simple money saving tips:   Cook your meals and cut back on eating out at restaurants and buying takeaways. Prepare proper meals using fresh ingredients instead of buying more expensive, and less healthy, ready microwavable meals?   Drink less alcohol. How often do you go to the pub of bars and how much do you spend on a night out?   Buy less coffees and make your own. How many visits to Starbucks do you make each week? You can make fresh coffee for a fraction of the price of Starbucks.   Save a fortune on credit card interest. You can save by switching to a lower rate or interest free deal which can help you increase your payment towards reducing the balance. Just Google ‘best credit card deals’ and you’ll find hundreds of offers which can save you money.   Use cards only when necessary and try to clear the balance in full each month to avoid interest charges.   Review insurance every year. Insurance companies make it easy to auto-renew your household and motor insurance every. Making the effort to shop around could save you hundreds of pounds.   Review your mobile phone contract and utility providers. Reviewing your phone contract or plan is a great way of saving cash and you don’t have to change providers. Call your provider today.   Your expenditure list will immediately help you identify any obvious targets for cutting back, like that subscription you no longer need or the recurring payment you’d completely forgotten about – we’ve all been there.   I cover many more money saving ideas in my free Money Tips Podcast.    I’m not saying you should give up having fun and live a reclusive life living like a miser. You can enjoy life more if you live debt free within your budget, save for the things you really want and increase your income when you want more.    You don’t have to follow the “I want it now” crowd!   Thank you for listening and congratulations on completing this module. In the next module, we will cover further steps on managing and respecting your money.   Would you like to learn how to become financially free without working any harder and spending your life exchanging your time for money watch this free on demand training now to learn how to become financially free without working any harder. As a thank you, I will give a special free gift which can help transform your finances when you attend the online training. If you enjoyed this and found it helpful, please like and share with your friends and follow me on social media to give more people free value.   Click on this link to watch the free training now https://bit.ly/3wLWqx2 See omnystudio.com/listener for privacy information.

Exclusive free training for my Money Tips Podcast followers!   Welcome To The Course, Mastering Money The S.M.A.R.T Way Without Working Any Harder!    Lesson #1   Introduction And Course Overview    Do you struggle with money?   Do you worry about money?   Do you have arguments with your partner over money issues?   Do you have loans or credit card debt and struggle to keep up the payments?   If you have answered “yes” to any of the above questions, this is definitely the course for you.   How To Master Your Money The S.M.A.R.T Way   Congratulations on taking the first step to taking back control of your finances and life!   My name is Charles Kelly, and I am the author of three books and the creator of the Money Tips podcast which has over 200 episodes. As a qualified financial adviser, I spent 25 years working for banks, insurance companies and running my own business, as well as investing in property and the stock market.    This course is about personal finance and money, not global economics. It’s about managing your internal economy, or what I call your ‘U’conomy’, rather than worrying about what’s going on in the external world of global markets, national debt, recessions and the daily crisis you see on the news.   Focus on your economy and what you can control.   In every town, there are people who are doing well and there are those who are struggling – even when they are in the same business.   During recessions and depressions, boom or bust, people build fortunes, while others fail.    It’s not about the economy, the government or where you live.    It’s about you!    It’s about what you do and what’s going on in your head that really counts.    We live in the most prosperous time in 7,000 years of recorded history. There has never been a better time to learn, start a business, build a career and live the life you truly deserve.   The things you learn and habits you form in this course will change your life and last a lifetime – if you follow the action steps.    By the end of this course, you will have learned how to Master Your Money and become S.M.A.R.T Money Manager. Using this simple management system will help you to:   Spend wisely and avoid debt Manage and respect your money Accumulate wealth over time Review your finances on a regular basis Track your income and expenditure   SMART Money System   Have you ever said “I don’t know where it all goes”?    Millions of people who live their lives in poverty and debt. People go to work for forty, fifty, and even sixty-hours a week and bring home a pay cheque. After all that effort, by they have paid their bills, debt repayments and the family is fed, there is nothing left.    This pattern of behaviour can go on for years or a lifetime unless the habit is broken. Inbuilt behavioural patterns can only be interrupted by an awakening, attending a course or reading a book, or by a traumatic lifechanging event, such as bankruptcy, bailiffs towing away your car or repossessing your home.   Sometimes, we need to reach rock bottom in order to break a harmful addictive habit. Spending money you don’t have on toys using expensive debt can be just as damaging as a gambling addiction. When the reality of bad debt finally catches up, it can destroy your life and the lives of those around you.    “Fast credit” should be called “fast debt”.   Debt repayments, such as credit cards and personal loans can quickly drain your bank balance, and forever place you in the servitude of banks. Millions of people never break free and spend their lives in debt and go to their graves owing money, which the banks still pursue even after death.    Credit card companies and banks, feed you the candy of easy credit like a drug dealer.    They send you letters offering credit limits you cannot afford, and increase them when you reach those limits!      You can juggle your debts with interest free (but not fee free) offers or consolidate your bills into “one easy payment” instead of a lot of small ones, but all this does is delay the inevitable. You need a lifestyle change starting with your spending.    “A penny saved is a penny earned”. Benjamin Franklin   It’s not how much you’ve got, but how you use it.   Don’t make the mistake of believing that it’s all about how much you earn. In my years working as a financial adviser, I met hundreds of clients earning huge salaries who were still broke and overdrawn every month.    When I worked for a leading bank, one of our customers was a trader in the City of London. He was earning at least ten times the average income, plus he received an extremely generous quarterly bonus of around £40,000. Unbelievably, his account was so overdrawn by the end of each quarter that all of his bonus was needed to clear it. That was in addition to the various ‘gold’ credit card debts and personal loans for luxury goods.   Banks love customers who spend and borrow, as long as they keep up the repayments. They are not too keen on customers who pay off their credit card balance in full each month or repay their mortgages early by accelerating the payments.   I also had many clients earning modest salaries who lived a good life, yet also saved a regular percentage of their income into pensions and savings. Some bought investment properties with their spare cash or built-up substantial stock and share portfolios. Managing and investing their money was their hobby.   One particular lovely couple comes to mind.    I was amazed to discover that they had saved over a quarter of a million pounds in cash and stocks and shares. They paid off their mortgage early and helped their Son buy his first house.    They were the typical ‘millionaires next door’ with combined assets, when you include the value of their final salary pension schemes, of more than a million pounds, But you would never guess it because they did not act like the stereotypical “millionaire”.    Best of all, they were happy and looked a lot less stressed than my city trader client who always seemed to be under pressure. Unlike the trader, they were in control of their finances.    Control of finances is part of control of life.   Being in control and giving back are also key factors in feeling happy.    These are exactly the type of people I meet at Rotary Clubs, church groups or those helping out with community and charity work in their spare time. Giving back is not just virtuous, it also contributes to your own emotional wellbeing. I’m sure that it is no coincidence that everyone I know who has money, gives back their time and money. Which came first?    I explore giving back and the studies into ‘millionaires next door’, in more depth my book, Yes Money Can Buy You Happiness.     MONEY TIP Keep a spreadsheet, or use one of the many app’s, to record how much comes in from salary or investments and exactly where the money goes. You’ll be amazed at the results.  If you found this Money Tip useful, check out my blog at www.moneytipsdaily.com       Action Steps   Starting today, make it your business to become a SMART MONEY MANAGER and you will start to see your fortunes turn around and you will find peace of mind. In fact, 99% of your money worries will evaporate, because the root of everyone’s financial worries can be traced to the following 5 SMART rules.   SMART MONEY MANAGERS:   S. Spend wisely and avoid expensive consumer debt M. Manage and respect their money, making informed investment decisions.  A. Accumulate wealth over time taking the long-term perspective R. Review their finances on a regular basis and make appropriate changes T. Track their income and expenditure on a daily or weekly basis   Thank you for listening. In the next lesson, we will go into spending wisely and how to avoid expensive consumer debt.   If you enjoyed this and found it helpful, please like and share with your friends and follow me on social media to give more people free value.   Would you like to learn how to become financially free without working any harder and spending your life exchanging your time for money watch this free on demand training now to learn how to become financially free without working any harder. As a thank you, I will give a special free gift which can help transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2 See omnystudio.com/listener for privacy information.

Women say things like, “I’m looking for a man with a sense of humour who can make me laugh and go for walks in the park…” That’s a bunch of baloney!    The majority of women really want someone who is a good provider who can give her and future children financial security.   I’m offering a free Wealth Accelerator discovery coaching call to three people this week - CLICK HERE TO BOOK YOUR FREE CALL https://bit.ly/3zJ21GY If you’ve ever watched a David Attenborough documentary, you’ll know that in the animal kingdom, the female of the species wants to mate with the leader of the pack, the strongest male to give them security and protect them make their offspring. It’s animal instinct. In the modern world, we forget how much our animal instincts still plays a part.   In Asian cultures women absolutely marry for money and security. Even in the UK, many Indian family marriages are still arranged according to financial status, class, occupation and career prospects. In short, it is about money!    See full article.   Remember this old saying:   When money stops coming through the door, love goes out the window.   Let me know your views in the comments. If you enjoyed this and found it helpful, please like and share with your friends and follow me on social media to give more people free value.   I’m offering a free Wealth Accelerator discovery coaching call to three people this week - CLICK HERE TO BOOK YOUR FREE CALL https://bit.ly/3zJ21GY  See omnystudio.com/listener for privacy information.

UK House prices dropped by 0.5% in June just as the long stamp duty holiday began to be phased out, according to the Halifax. Annual property prices still rose 8.8%, resulting in average prices more than £21,000 higher, which is more than most people saved on stamp duty in the mad scramble to buy a home. The average price of a UK property according to the lender is now £260,358. The Government removed the need to pay stamp duty on some properties for much of the pandemic in a bid to stimulate the market in England, Wales and Northern Ireland. The move worked, but critics argue that it caused price inflation and could created a property bubble if demand falls. Mortgage lenders, like the Halifax and Nationwide, long with estate agents are confident that, "The power of home movers to drive the market won't fade entirely as the economy recovers”. Demand remains high among buyers seeking larger family homes with the average price of a detached property climbing faster than any other type over the past 12 months - shooting up by more than 10% or almost £47,000 in cash terms. Detached homes now cost on average more than half a million pounds, £200,000 more expensive than the typical semi-detached house. Double tax on holiday homes A Welsh local authority plans to double council tax on second homes in order to deter the growing number of English buyers snapping up seaside holiday homes on the coast of Wales.  Owners of holiday homes and empty properties in Gwynedd will be hit with double council tax from next month after Councillors backed the increase in premium from the current 50%. The tax could raise an extra £3m a year for social housing. More than one in ten houses in Gwynedd was now classed as a second home. Councillors in the larger city of Swansea are planning a similar tax hike. Buyers, presumably priced out of the more expensive Devon and Cornwall, have been buying up properties in Welsh beauty spots. The effect of this prices locals out of the market and destroys local village life where properties are only used at weekends. Councils have powers to increases local taxes on empty properties and second homes. Cheap money also fuelling the bubble? There is a buy-to-let mortgage available through the NRLA offering a 2 year fixed rate of 1.25%, with free legal fees and a £250 cashback! You could borrow a million pound on interest only and the mortgage payment would be just over £1000 per month. You couldn’t rent a million pound home for that. If you enjoyed this and found it helpful, please like and share with your friends and follow me on social media to give more people free value.   I’m offering a free Wealth Accelerator discovery coaching call to three people this week - CLICK HERE TO BOOK YOUR FREE CALL https://bit.ly/3zJ21GYSee omnystudio.com/listener for privacy information.

Stamp Duty holiday ends, long live tax on property buyers! Wednesday 30 June is the deadline for most European Union (EU) citizens to apply to live permanently in the UK as settled residents. The Stamp Duty exemption for homebuyers paying tax on properties which cost £250,000 or less is coming to an end, much to my solicitor’s relief! He will need a real holiday! Wales temporarily raised its threshold for land transaction tax (LTT) during the pandemic from £180,000 to £250,000, in line with other UK governments. The exemption, originally to March 2021, was extended to 30 June. Some homebuyers have saved thousands by completing sales within the deadline, but others are set to miss out for various reasons including legal or mortgage delays. From 1 July, stamp duty will be charged above £250,000 at the following rates: £0-£250,000 = 0% £250,001-£925,000 = 5% £925,001-£1,500,000 = 10% £1,500,000+ = 12% On 1 October 2021, rates are due to return to normal. That means the point you to start paying stamp duty will revert to £125,001: £0-£125,000 = 0% £125,001-£250,000 = 2% £250,001-£925,000 = 5% £925,000-£1,500,000 = 10% £1,500,000+ = 12% You can use the government's Stamp Duty Land Tax (SDLT) calculator to find out how much you would pay. Will there be a slump in the market?  In truth, nobody really knows when the property, or stock market, will peak, but we do know that bull runs usually last 10-12 years and we have already passed that deadline. Governments around the world printing trillions of dollars have prevented a slump and recession, so far. An estate agent friend of mine, who has just had her best quarter ever, said she is concerned that people who wanted to buy this year have done so already. EU Settlement Scheme Deadline The take-up of the European Union Settlement Scheme (EUSS) has been huge - but there are serious concerns that thousands of people have still not sought to register. Anyone who is not registered loses their legal right to live in the UK. What is the EU Settlement Scheme? The EUSS was launched in March 2019 to register EU citizens as settled residents in the UK. This is a follow-on from Brexit, which ended freedom of movement and the right of people from the EU to come to the UK - and for UK citizens to go the other way. More details - https://how2cometotheuk.blogspot.com/2021/06/eu-settlement-deadline-30-june-2021-how.html By the end of May 2021, 5.6 million people had applied for the scheme - far more than expected (it was estimated in March 2019 that there were 3.7m EU nationals in the UK). How will this affect UK residents? The BBC reports that a shortage of skilled trade workers has developed as European Union migrants leave the UK and demand for home improvements rises, according to the founder of Homeserve. Chief executive Richard Harpin said the shortages were "pretty bad" across the country, not just in construction but in other trades too. He wants the government to put more trades on its jobs shortage list.  The hospitality sector is also experiencing staff shortages, so you might have to wait a little longer for your latte. In the long run, importing cheap labour does not help the economy and we should be investing in more training to upskill the resident workforce, especially if they are unemployed and drawing benefits.  The laws of supply and demand dictate that when there is a shortage, prices rise. We will all be paying more for trades people, and the price of materials has also shot up. It has become almost impossible to find handymen, plumbers, builders, electricians and other workers since the lockdown when thousands of EU workers handed back the keys to their landlords and flew home. With so many people moving, everyone is busy, which is exactly what the government wanted to achieve with the stimulus. Would you like to get into property, but have no money or don’t know how? Learn Multiple Streams Of Property Income AT Free Event 2 – 4 July The UK’s Brightest Property Experts Will Share In-depth, Practical Knowledge Of Buy-to-let Properties, Raising Finance And How To Build A Mighty Portfolio From The Ground Up. Register HERE FREE LIVE TRAINING- - https://bit.ly/3hmHnFX At the Multiple Streams of Property Income event we reveal the many ways you can quickly make large sums of money and secure your financial future. Our skilled trainers will reveal proven, successful methods for you to cash in on right now, even if you have no previous experience and little to no finance. Our trainers have all ‘been there, done that’ and you can relax in the certainty that you are getting the expert help you deserve! Your just need to take that first step... What You Can Expect At The Multiple Streams Of Property Income Event Multiple proven investing strategies You will be guided through the most effective cashflow and equity growth strategies that are working right now in 2021 Learn how to get UNLIMITED finance to build your portfolio (hint: you can do this WITHOUT using either a mortgage company OR a bank) You’ll hear from other property investors who are experts in buy-to-let, property trading, raising finance and other ways of building a property portfolio from scratch into a multi-million pound business Benefits of MSOPI Earn 10x the income with only 10% of your personal time By the end of the event you will have a clear strategy to start or add to your cashflowing property portfolio. Make new connections that will last a lifetime including potential JV partners Learn how to make more money from ONE simple property deal than you make in 6 months of paid work. Register HERE - - https://bit.ly/3hmHnFXSpeaker Line-up Kevin McDonnell | Rent-To-Rent Property Investing Expert & Author of the Bestselling Book No-Money-Down Property Investing Kevin Poneskis |Serviced Accommodation Property Investing Expert, Over 28 Years of Property Investing Experience David Siegler | Property Deal Sourcing & Packaging Expert, Over 15 Years of Property Investing Experience Toni Gargan | Business & Property Investing Expert, Over 5 Years in Property Investing Education Register HERE for this FREE Training FOLLOW LINK TO JOIN - https://bit.ly/3hmHnFX If you enjoyed this and found it helpful, please like and share with your friends and follow me on social media to give more people free value.   I’m offering a free Wealth Accelerator discovery coaching call to three people this week - CLICK HERE TO BOOK YOUR FREE CALL https://bit.ly/3zJ21GY  See omnystudio.com/listener for privacy information.

In March 2021 Artnet News reported the sale of a piece of NFT digital art by Beeple’s which sold for $69 million at Christie’s auction. The artist, whose real name is Mike Winkelmann, jumped to number three on the list of most expensive living artists at auction.    An NFT, or Non-Fungible Token, is a type of digital asset, like a representation of piece of physical art or music, that you can own and trade, typically for between $40 and $200. A fungible asset in economic terms contains units that can be readily interchanged - like money. A non-fungible asset is a unique one-of-a-kind asset, like a work of art.   NFTs are bought and sold online, often with cryptocurrency, and they are encoded with the same underlying blockchain software technology as many cryptos.   So why would anyone want to own a digital asset, effectively a photograph of a piece of art, when they could take a photograph themselves?   Firstly, this new creative enterprise goes far beyond owning a photo of a painting. And let’s face it, millions of people buy prints, which are copies of original art, to hang on their wall.    Entrepreneur and influencer Gary Vaynerchuk said NFTs and the blockchain technology around them as something that will influence everything we do on the Internet.   Gary compares blockchain technology to the early stages of the internet when people thought that it was just a search engine or an online encyclopaedia.    I remember about 15 years ago reading an interview with Lord Sugar, who made his fortune manufacturing Amstrad computers, describing ordering something online as a waste of time and commenting that it would be quicker to go to the shop and buy it!   In the future, Gary predicts people will carry around digital wallet containing digital assets, ID and personal records and currency.    One wonders how many people will be left behind by the pace of change. Governments are concerned about the number older and poorer people unable to access essential services because they are not online or do not own a smart phone.   With the growing demise of the traditional High Street travel agent, it will soon be difficult to book a fight unless you have internet access.    Banks are trying to phase out cash and Sweden is one of the first countries to move towards a cashless society. Central Bank Digital Currencies (CBDCs) are already being planned in major countries and the EU.   The increase in speed of new developments in technology means we have to continue to study and keep ourselves up-to-date. This doesn’t mean going back to school or university, although I would recommend formal or vocational study if you want to change careers, and you could just involve 30-60 minutes a day reading online, listening to podcasts or researching videos on YouTube.   I read a statistic many years ago that only 10% of people do any further study after leaving school or university. Is it a coincidence that those who do study tend to be in the top 10% income bracket? Brian Tracy said that reading for 30 to 60 minutes a day will make you an expert in your field within six months and could get you to degree level within 2 to 3 years.    If you enjoyed this and found it helpful, please like and share with your friends and follow me on social media to give more people free value.   I’m offering a free Wealth Accelerator discovery coaching call to three people this week - CLICK HERE TO BOOK YOUR FREE CALL https://bit.ly/3zJ21GY See omnystudio.com/listener for privacy information.

With low interest rates and high rents, it has long been assumed that it is cheaper to buy than rent. But the tide has turned thanks to soaring house prices and lower rental demand, especially in the city centres. According to leading estate agents, Hamptons, it has become cheaper to rent a property than buy a home for the first time in more than six years. The estate agency research reveals that prior to the pandemic in March 2020, people buying with a 10% deposit would have been £102 a month better off than renters. Last month, figures showed that the average private sector tenant was paying £71 a month less in rent. This applies across the UK apart from four areas where it is still cheaper to buy than rent: the North East, North West, Yorkshire and Humber, and Scotland. In May last year, rental demand dropped as younger adults and European workers returned to live with their families during the pandemic and work and leisure restrictions made city living less attractive. Back in early 2020, it was cheaper to buy than rent in every region in the UK. London's sees the biggest shift since the start of the coronavirus pandemic. Hamptons reports a 7.1% rise in average rents over the past 12 months, but also a strong house price growth coupled with increases in higher loan-to-value (LTV) mortgage rates have added to the cost of buying and owning a home. This means a typical first-time buyer will find it cheaper to rent than buy on a monthly basis, with a monthly average of £1,054 spent on rent compared with £1,125 on mortgage repayments - the first time since December 2014 that renting has been cheaper than buying a home. Plummeting rents there mean a buyer putting down a 10% deposit on a property in the capital will have gone from being £123 a month better off buying in March 2020, to spending £251 a month less on rent in May 2021, the report said. There are many other financial and practical factors which potential first-time buyers will consider when deciding to rent rather than buy, or vice versa, which are not captured in this research.  In the long term, it is nearly always better to buy than rent. Rents will rise over time, whereas mortgages are paid off with ever devaluing paper money. Buyers do pay for repairs and maintenance, but will benefit from long term growth and future equity in their property. One major reason private renters want to buy is the long term security of tenure. Fear of buy-to-let landlord eviction, for instance when they want to sell the property, is obviously stressful for tenants. Where and by how much is it cheaper to rent, than buy? Greater London - £251 cheaper South East - £54 cheaper South West - £108 cheaper East - £117 cheaper East Midlands - £98 cheaper West Midlands, £35 cheaper Yorkshire and the Humber - £5 more expensive North West - £4 more expensive North East - £72 more expensive Wales - £11 cheaper Scotland - £130 more expensive Source: BBC, Hamptons Property Investing Secrets - Discover the ultimate beginners' guide to property in 2021 With my friend and property expert Kevin McDonnell. Complimentary Property Training - next session is on Wednesday 23rd June, and Kevin can't wait to see you there! Do you want to start earning life changing sums of money from property whilst knowing you’re  avoiding all the common mistakes beginners make when investing? Well I'm going to promise you this: Kevin help you avoid the all-to-easy mistakes most newbies make when getting started in property investing. New investors must be increasingly strategic when it comes to spotting good opportunities, and knowing how to jump on them quickly (without worrying about finance roadblocks or having a little black book of contacts). This free, live online training will provide you with knowledge, tactics, and strategies for identifying great deals, knowing which of the easy strategies to use, and getting the cash profits out fast - both now and every year! Join Kevin on Wednesday and learn how to overcome the most common beginner mistakes in investing. Click HERE TO JOIN - http://bit.ly/3eMDgRLFREETRAINING.  See omnystudio.com/listener for privacy information.

Action Fraud figures show that victims of investment fraud lost at least £657m in 2020, as scammers preyed on financial vulnerability caused by the coronavirus pandemic.    There are different types of investment fraud, the most common involve shares, bonds, cryptocurrency and commodities such as wine, fine art and diamonds. Fraudsters contact you unexpectedly, promise generous returns and may say that the opportunity is time limited. They downplay the risks to your money. They call you repeatedly and keep you on the phone a long time in order to build your trust, stop you speaking to other people or having time to think about the offer. The second stage of these frauds is known as a Recovery Fraud where victim details are passed onto other fraudsters who try to take yet more money.  They say that they have been appointed to help and ask for a refundable upfront fee. They often use the details of cloned companies ie genuine companies whose details have been hijacked, in order to reassure investors.  Reports of ‘clone firm’ investment scams increased by 29% in April 2020 compared to March, when the UK went into its first lockdown. How to avoid investment scams Reject cold calls. If you’re called about an investment opportunity, the safest thing to do is just hang up. Check an investment opportunity using the Financial Conduct Authority (FCA) Warning List online tool. Check that the investment company is on the FCA Financial Services Register. Don’t feel pressurised or rushed into making a decision. Always seek advice before investing, ideally from an Independent Financial Adviser who is authorised by the FCA. If you’re not sure whether a scheme or investment offer is a scam, contact the Citizens Advice consumer helpline on 0808 250 5050 for advice. Report a fraud to Action Fraud on 0300 123 2040. A increase in cyber-fraud across the world means that we all need to learn how to spot and avoid different types of fraud and cybercrime.   An emerging tactic used by fraudsters is the ‘spoofing’ (cloning) of telephone numbers. A decade ago, anyone receiving a suspicious call could look up the number that was calling them to check its legitimacy. No longer is this sufficient advice. Fraudsters can now clone numbers used by legitimate organisations, your local bank, HMRC, or even local police station, to make it look like that organisation’s genuine number is calling you.  The fraudster claims to be from that organisation and tries to convince you to do what they say.  This means you cannot rely on your Caller ID display to tell you who is calling you. Protect yourself: Beware unexpected phone callers, whoever they claim to be. If in doubt, never divulge personal details over the phone to someone who has called you. The more you say to a fraudster the more information they have. Don’t be afraid to hang up. Contact friends or family for advice. Don’t trust your caller ID display to verify a call, contact the genuine organisation using a number that you have independently researched. Before doing so, ensure the call has ended and the line has cleared, wait five mins (Some scammers can simulate the sounds of lines clearing to dupe you into dialling while the line is still live), or make the call via a separate phone line where possible. Institutions such as HMRC, police and banks will never call you to tell you that you/your money is under investigation; nor would they ever ask you to transfer or hand over money/assets for such a purpose. Report all scams online to www.actionfraud.police.uk or call 0300 123 2040 giving as much information as possible.See omnystudio.com/listener for privacy information.

The baby boomer and millennial generations are facing an uncertain future with job insecurity and drastically reduced state and private employer pension benefits. How can you avoid ending up living your retirement days in poverty? There are a number of steps you can take, but it starts with your mindset and habits. Change your spending and saving habits. How? Changing a long-held habit is easier said than done, right? Not something you can easily do by yourself. The answer is to get help and guidance instead of trying to do it all alone. Take a course or programme, get a mentor or a coach. What’s the most effective, proven way to lose weight? Join a weight watchers’ class or group. Why, this will give you education, support and accountability. What’s the most effective, proven way to quit smoking, drinking or drugs? Enter into a programme, class or group. Millions of people ‘try’ to lose weight, quite drinking or gambling on their own, but most fail and go back to the same old habit. That’s why organisations like Alcoholics Anonymous and Gamblers Anonymous have been going for so long because they have helped millions of people change a habit through a combination of coaching and mentoring and learning. Want to get fit or a six pack? Get a personal trainer. Want to improve your golf swing? Get a coach, like all the best players do. Do you want to improve your financial situation? Do you want to stop making the same mistakes that got you to where you are today? Do you want to be financially free and retire early? Get a Money Mastery Coach. A Money Mastery coach can help guide you through the financial maze and show you a clear path to financial freedom without the pain of trial and error. These 3 Money Secrets Will Make You Wealthy Without Working Any Harder Are You Fed Up Struggling Financially? Firstly, I just want to thank you for taking the time to join me today. Money problems are one of the biggest causes of stress and relationships breakdowns. I can remember my parents having some almighty rows over money! I’m Charles Kelly and for 25 years I worked as a Financial Adviser helping thousands of people solve their money problems. I was successful, but it wasn’t until I discovered the secrets to mastering money that my clients started achieving amazing results. I’m also the author of three books including, “Yes, Money Can Buy You Happiness” and “Borrow and Grow Rich”. I’m going to uncover 3 money secrets and a simple system for truly mastering money to help you start building real wealth and ultimately live the life you truly deserve. Secret 1: Your Money Mindset has got you where you are today – not the economy, the government or your parents. It’s far more about what’s in your head than in your pocket. Most people have been programmed to think that “money is scarce” and hard to come by, that you have to “work hard for money” or you “need money to make money” – Not true! Some of us are programmed from an early age by our parents. My dad would say things like “we can’t afford it”, “money doesn’t grow on trees” and “do you think I’m made of Money?”! This language creates a ‘scarcity mentality’ which can stay with us for the rest of our lives unless we take action to change our mindset, our language and habits. In my early life, I constantly struggled with money. I was making a good salary, but no matter how much I earned, I never seemed to have enough!   I would fall behind on my bills and have creditors chasing me. Being broke is no way to live, which is why I wrote Yes, Money Can Buy You Happiness. Then I discovered a mindset shift that turned my finances around. Once I learned this, I started accumulating money and have never been broke since.  So, it’s not how much you earn, but how you manage it that counts. Making a lot of money alone will not make you rich! I’m sure we all know people who have made and lost fortunes, as I discuss in my book. Secret 2: You can’t improve what you cannot measure.  The next step is to take stock of where you are right now. Most people have no idea of how much they spend. Think of yourself as a business, even if you are an employee. Make a list of all your current commitments, income and regular and variable outgoings. Then list your assets and liabilities – your balance sheet – to calculate your ‘net worth’. You can do this on a spreadsheet or on a notepad. Then, repeat this every month and start balancing the figures monthly like any solvent business should do. Secret 3: Focus on building your net worth. The rich buy assets, which appreciate in value, and build their net worth over the long term. The poor spend their money on liabilities, which go down in value, and rarely if ever build assets and net worth. I haven’t got time in this short presentation to cover everything - which I go though in my book and SMART MONEY MANAGER courses in more detail. But I hope these simple mindset shifts and steps alone will open your mind and set you on the road to prosperity. If you enjoyed this and found it helpful, please like and share with your friends and follow me on social media to give more people free value.  I’m offering free discovery coaching calls to three people this week. Message me if you’re interested or email [email protected] omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

In these uncertain and rapidly changing times, it is important to choose an occupation which gives you some guarantee of a long-term future. In the UK, the Home Office publishes an official list of ‘shortage occupations’, for which a qualified and experienced overseas migrant may qualify for a Skilled Worker visa. The list includes jobs such as, Health Service and Residential Day Care or Domiciliary Managers, various scientists and engineers, web development professionals, nurses and senior care workers.  The official government list for working visa qualification, only covers a fraction of the huge labour shortages in the UK. According to the report by Luminate, the following industries experienced a particularly large number of hard-to-fill vacancies at professional level: architectural and engineering activities computer programming and consultancy education employment and HR financial services human health activities legal and accounting services office administrative, support and business activities public administration and defence residential care activities retail trade social work. However, both of these lists contain glaring omissions- green jobs. In order to meet climate change targets, industry will need hundreds of thousands of skilled workers to fill new ‘green’ jobs. For instance, is estimated that 23 million gas boilers will need to be replaced in the UK, but there are not enough trained engineers to do the work. There is a shortage of 100,000 boiler engineers right now! Boiler engineers will have jobs for life replacing old boilers with electric and hydrogen boilers and servicing the new boilers. Millions of petrol and diesel cars will have to be replaced as governments around the world tax them out of existence. This will create a huge number of new skilled jobs. China is investing massively in new technology and green energy, as is the UK. The US could be left behind in what’s being called China’s century. The 20th Century was America’s, after Great Britain’s empire started to unwind following the German led First and Second World Wars. China is effectively colonising the world’s resources through trade rather than war. If you exclude the disastrous Chairman Mao century, China was one of the leading economies in the world in 18 of the last 20 centuries?  The UK government recently announced a massive retraining programme to reskill millions of workers whose jobs have become redundant due to new technology. The important word is “skilled”. Tens of millions of unskilled, as well as many skilled and technical jobs in accounting and law, will disappear in the next decade, so prepare yourself. Self-driving vehicles, AI and robotic technology are already here! Education is key to your future. Not just formal education, but also relevant vocational and on-the-job training in which you can ‘earn while you learn. An increasing number of people prefer to quit the rat race and start their own businesses, which is great.  Caution. Don’t fire your boss until you can replace your salary with your new business and do not spend all your savings or borrow to set up an expensive physical business like a shop. An ideal way to start is to set up a part-time online business, which you can run from home with little or no capital. With this in mind, I’m offering 3 free coaching calls sessions to anyone who is prepared to take the time and effort to learn and master money and business. Check the link in the next 24 hours on my Charles Kelly Marketing Facebook page https://www.facebook.com/CharlesKellyMarketer.  See omnystudio.com/listener for privacy information.

Most property investors and landlords are proactive when it comes to ensuring the safety of their tenants and properties, which is also in their own interest.  Under the latest Regulations, landlords must have the electrical installations in their properties inspected and tested by a person who is qualified and competent at least every 5 years. Landlords also have to provide a copy of the electrical safety report (EICR) to their tenants, and to their local authority if requested. The Regulations came into force on 1 June 2020 and apply from 1 April 2021 in England in cases where a private tenant has a right to occupy a property as their only or main residence and pays rent. This includes assured shorthold tenancies and licences to occupy.  Landlords who fail to comply could face fines of up to £30,000 or even criminal charges in the case of negligence. This does not cover PAT testing, which is still required. In most cases, it is cheaper to throw away perfectly good electrical appliances (most of which ends up in landfill) than calling in PAT testers and waste a day filling in forms. The changes to rules and regulations on gas, electrical work, building and a whole raft of red tape every few years are a bonanza for the sectors and create plenty of non-productive jobs. But the costs are ultimately passed on to landlords, tenants and taxpayers. Thousands of civil servants and various people in sector bodies and quangos are employed to constantly change rules and create more red tape to self-perpetuate their own jobs!  The same fate awaits perfectly good cars, which have the “wrong engine” this year! The will eventually be taxed out of existence ad end up on the scrapheap of throwaway society. For full details and government guidance see https://www.gov.uk/government/publications/electrical-safety-standards-in-the-private-rented-sector-guidance-for-landlords-tenants-and-local-authorities/guide-for-landlords-electrical-safety-standards-in-the-private-rented-sector Other News Plummeting central London rents hits landlords. Renters move into the city to take advantage of falling rents. Landlords face more arrears as unemployment soars. 500,000 renters likely to be pushed into arrears. Pandemic disproportionately hits younger lower paid workers. Self-employed grant recipients shunned by mortgage lenders. Peer-to-peer websites to be closed by FCA following a series of collapsed firms Beware of dodgy insulation which could render your home worthless Pension scammers target 8 million people Free Wealth Coaching Session for 3 people – limited offer Boris has an unsatisfied CCJ at 10 Downing Street! I was a financial adviser for 25 years, but became frustrated with the focus on only being regulated to offer products for the financial services industry. For instance, I could advise a client to invest in a Prudential Property Bond, but could not advise them to invest in a buy-to-let property themselves. I am no longer registered as an industry financial adviser, which means I cannot give specific advice on how to invest your money, but I can offer a wealth of guidance and tips on managing your money more effectively and building wealth over time. I am also the author of the book, , Yes, money can buy happiness, in which I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. With this in mind, I’m giving away 3 free coaching calls sessions to anyone who is prepared to take the time and effort to learn and master money. Check the link in the next 48 hours on my Charles Kelly Marketing Facebook page https://www.facebook.com/CharlesKellyMarketer See also: 95% Mortgages are back in the UK Property buyers overpaying to beat the Stamp Duty Holiday GET YOUR BUSINESS ONLINE TODAY, FREE!  Genuine…FREE LIFETIME ACCESS. NO credit card needed to start building your website yourself. Simple to use from readymade templates – no need for a web designer. https://groovepages.groovesell.com/a/uy9VcdqIvopT #investment #money #taxreturns #makemoneyonline #groovefunnels #FREE  See omnystudio.com/listener for privacy information.

Mortgage lending reached £11 billion in March – the highest since records began in 1993 - as a result of the mad rush to beat the stamp duty holiday, which ends in June.   The Bank of England reported that there were 80,000 mortgage approvals in March, up from 73,000 from the previous year, buy slightly down on February’s figure.   Although the property market has boomed in the last few months, there are signs that some areas are slowing down. I’m seeing a lot of London prices fall sharply, as Estate Agent send me emails every day offering price reductions of up to £50,000 or around 10% of the asking price.   We have almost reached the point where it would be extremely difficult to buy and complete with a mortgage purchase before the end of June if you have not started the legal process already.   Another word for mortgage is ‘debt’. We have seen debt spiralling all over the world as government’s borrow or print trillions of dollars to prevent the economy from going into recession.   Whilst people in work are paying down credit card debt, there are signs that thousands of people are getting deeper debt, according to UK debt advice charity Step Change.   Sometimes this can be as a result of a catastrophic change, like a job loss or divorce. In other cases, it’s purely down to mismanagement of money.   Debts can creep up on you like a disease and before you know it’s too late and you are in too deep.   If this happens to you, take professional advice and do not bury your head in the sand hoping it will all go away. It won’t! In the UK, you can talk to charities such as citizens advice and Step Change   Once you talk to recognise charity, interest and penalty charges on your debts, as well as legal action, can be frozen for 60 days. This gives you breathing space and a chance to put together an informal debt repayment plan.   I was clearing out some of my old files for shredding yesterday from my financial advisor business. I came across several clients who reminded me of the importance of saving and investing.   One particular client first sought my advice 20 years ago when she had been through a lot of financial problems. To cut a long story short, we put a plan together and I arranged a mortgage for her to buy a second property by re-mortgaging her residential home.   At the time, houses were cheap and you could buy a three-bedroom property just outside London for around £80,000.   She had absolutely no money and I remember listing her non-property assets on my fact-find form as “£200” in the bank, and that was it. However, she some equity in her property, a mortgage and some consumer debt.   She used that equity to fund a deposit for a second property and a couple of years later did the same thing again.    She continued repeating this process over the following 20 years.   As I said, she started with £200 in the bank. In fact, she had several other personal debts so was actually in the red.   When she unfortunately passed away last year in her late 50’s her estate was worth around £1 million.   Not bad for someone who started with £200 in the bank.   Almost all of her wealth was due to her buying properties and holding them. Don’t forget that she was holding his properties during the 2008 financial crash, but they bounced back.   She never bothered very much with Pensions or the stock market because she said she did not understand them and prefer to invest in something she did understand like property.   3 Key Takeaways   She did start taking money seriously and stopped using expensive consumer credit to buy consumer products which went down in value. Instead, she borrowed cheaply to buy assets which went up in value and put money in her pocket.   She built her wealth using other people’s money. Could she have saved £1 million in her lifetime from after-tax income? No way. In Robert Kiyosaki‘s classic bestselling book, Rich Dad Poor Dad, his rich dad asked Robert, “how long would it take to earn $1 million?”. He then asked “how long would it take to borrow a million dollars and invest it to make more money?”   She bought and held for the long term, despite the 2008 downturn.   You can learn to do the same thing.   I’ve seen countless examples of people building wealth over time through investing wisely and patiently. Some in property, others in business or the stock market. The principles and skills are the same and are learnable by anyone who makes the effort.   I’m giving away 3 free coaching calls sessions to anyone who is prepared to take the time and effort to learn and master money. Look out for the link in the next 48 hours on my Charles Kelly Marketing Facebook page https://www.facebook.com/CharlesKellyMarketer  See omnystudio.com/listener for privacy information.

A group of charities has sounded warning bells over the growing use of buy-now-pay-later to buy goods. Citizens Advice, a network of legal, money and consumer groups, said many users were getting into debt and struggling to pay for food and bills. Buy-now-pay-later (BNPL) is increasingly popular among young people buying online, and at some High Street outlets. Citizens Advice said many consumers regretted using it and is calling for tougher regulation. It found that an alarming 45% of 18-to-34 year olds have used the payment option in the last year. The repayment option is advertised at online checkouts as an easy way of splitting or delaying payments on items such as clothing or electronics, with incentives such as it being "interest-free". In my experience, “Interest free” is a "slippery slope into debt". More worrying is that CA discovered that almost two-in-five (5.7 million) who have used BNPL in the last year didn't think it was "proper borrowing" and six million didn't fully understand what they were signing up for. It found a quarter of consumers regretted paying using these platforms, with consumers frequently saying they cannot afford repayments or are spending more than they expected. Citizens Advice said firms must overhaul their checkout processes and improve affordability checks. Both the Financial Ombudsman Service and Financial Conduct Authority had a greater role to play in the protection of consumers and regulation of the industry, it said. Alistair Cromwell, acting chief executive of Citizens Advice, said: "Buy Now Pay Later borrowing can be like quicksand - easy to unwittingly slip into and much more difficult to get out of. "It shouldn't be possible for people to sign up for credit without realising, and the fact this is happening so often signals that a drastic overhaul is needed. "This industry more than trebled in 2020, and while these products work for many shoppers, the regulator has rightly recognised the potential for harm. It must ensure robust consumer protection keeps pace with changes in how we shop," Mr Cromwell said. Several big - and smaller - names now operate in the fast-growing BNPL market, including Klarna, Clearpay, and Laybuy. PayPal launched a BNPL service last year. The charity warned that four-in-10 of those who've used BNPL in the last 12 months are struggling to repay. Source: BBC and Citizens Advice. If you are struggling with debt repayments in the UK, you can talk to the charity Citizens Advice. Other Money News City of London Plans To Convert Thousands Of Office Into Residential Units As Workers Staty At Home Over 50’s Hardest Hit By Unemployment The Office for National Statistics (ONS) has found older workers are amongst the hardest hit by unemployment over the last year. The decline in the employment rate for the over-50s has double the rate for those aged between 25 and 49. The Resolution Foundation added that after losing work, older workers take the longest to return. The effects of last year’s recession have not fully hit most people. The job furlough scheme, rent and mortgage payment holidays, tenant eviction ban, Stamp Duty Holiday and other government financial stimulus packages have cushioned people from the full blow of the economic downturn.  Similar packages are running in the US and many are coming to an end or about to expire. Whilst the government needs people to go out and spend to boost the economy, this is not the time to spend £600 of money you don’t have to buy clothes you cannot afford on credit!  There is good debt and bad debt.  An example of good debt is borrowing to buy assets, such as a business or property which put money in your pocket. An example of bad debt is the lady mentioned above or someone buying an expensive car they cannot really afford on credit.  Another example of bad or even crazy debt is borrowing to buy more risky investments such as Bitcoin or shares. See also: 95% Mortgages are back in the UK Property buyers overpaying to beat the Stamp Duty Holiday Get your business online today free  Free…FREE LIFETIME ACCESS. NO credit card needed to start building your website yourself. https://groovepages.groovesell.com/a/uy9VcdqIvopT #investment #money #taxreturns #makemoneyonline #groovefunnels #FREESee omnystudio.com/listener for privacy information.

Home buyers rushing to beat the June Stamp Duty Holiday deadline could be paying far more for an overvalued property than they are saving on the tax? Inflated property prices keep hitting all-time highs, despite higher unemployment and the worst recession in 300 years, and buyers are paying over the odds, according to a BBC report. In one example, a house which sold for £325,000 during the first lockdown is now on the market for £400,000! Three couples are trying to buy it before June despite the fact that they have no need to panic.  I have recently seen dilapidated properties auction sell for £200,000 over reserve, despite needing a minimum of £100,000, and the total outlay being far more than the average price in the area. Mortgages are proving to be a challenge with surveyors booked up for weeks and lenders becoming choosy about who they lend to. Some sellers would rather take a lower offer from a cash buyer than risk losing a sale due to mortgage issues further down the road. Stock markets and cryptocurrencies have also hit new highs with buyers jumping on the bull market bandwagon for fear of missing out – FOMO. In my experience, bubbles like these have usually burst leading to market crashes and downturns.  The Dow Jones index has doubled in 5 years and the Nasdaq has almost tripled! Overseas buyers from places like Hong Kong are helping to push sales of super-prime London property. In 2020, over 200 properties valued at an average of $18 million were sold in London, more than any other city. Upmarket estate agent Savills reported that they have sold almost 100 £5 million London properties. The Central London property market is unique and a world apart from the rest of the UK, as well as most of the capital. Billionaires can afford to park up to £50 million into a property and leave it empty for years.  The price of an average property in the London area is just over £500,000 and half that for the rest of the country. There are also parts of the UK where you can pick up a house for £30,000!  In fact, since the lockdown started there is a growing trend to move out of the city centres into the countryside creating so-called “Zoom Towns”, where people work from home and hope the wifi is strong enough. In the UK, GDP rose last month by just under half a percent and EU trade has recovered after a shaky post-Brexit start this year. How To Start A Money Making Business From Home Without Capital Or Risk Did you read the story of the man in East London who is making a fortune after starting a home-based business last year when he was laid off from his job during the lockdown?  What was the business? Assembling flat pack Ikea furniture! Yes, that’s it. No premises, no rent or overheads – pure profit! During the lockdown, there was a boom in home improvements and like me most people hate assembling furniture. He jumped in, provided a service that people wanted and is making a pile of money putting together flat pack furniture for thousands of customers. With pubs and restaurants closed for the lockdown in the UK and Ireland it's a reminder of how vulnerable physical businesses, like pubs, restaurants and shops are to economic downturns or market changes. At the same time, internet business owners are getting richer. Never in history has more goods been bought on the internet.  Even before the pandemic, the high street was already under pressure from online shopping, which has exploded in the last few years.  High rents, taxes and competition from the likes of Amazon and Shopify have driven large retailers, like Debenhams, out of business and forced John Lewis to start closing 70% of its 50 plus stores in the UK. How does this help you get started online? The internet has given small home-based businesses an opportunity to compete with the big companies which have dominated the market. They took the best sites in the high street and malls, and often drove small retailers to the wall with massive advertising and undercutting. Fortunately, this has now changed and that’s how you can benefit from the online bonanza. You can now set up a risk-free online business or store - from home in your spare time - and sell to a potential market of 5 billion people browsing the internet every day looking for solutions to their problems.  You no longer need to rent a shop or premises and pay high taxes and bills before you make a penny. And you don’t have to quit your job until your business income exceeds your salary.  Here are 3 simple steps. Step 1  Sell solutions to people’s problems Research your idea or product online – where else! You can check on Google how many people are searching for products or solutions to their problems. For instance, millions of people want to be slimmer and healthier, especially in these times. According to wordstream 450,000 people have recently searched for “how to lose weight” on the internet. Other ‘keyword’ searches like “diet” and “lose weight fast” had similar results. That’s just one niche! You can literally find out how many people are searching for keyword solutions by checking on Google and specialists like Wordstream and Mondovo absolutely free. Market research like this was previously only available to large companies with large budgets. Now you can access it for free. You can get up and running with your online business website today for free with GrooveFunnels. For more information…click here   Step 2 Set up your online business today Set up an online business selling products that people are looking for (not what you think the market needs), or sell to people online from your existing business, by setting your website online today. You don’t need to pay a designer or software engineer to set up a website, as there are readymade templates and off-the-shelf website pages to get your business started today. In the past, I have spent tens of thousands on websites because they had to be designed and built from scratch, which took months. Fortunately, you don’t have to go through this pain. You can now build a simple website for free using GrooveFunnels template pages and built-in shopping cart checkout facilities with a click of a button. GrooveFunnels is offering free lifetime access for a limited period only – no credit card required to open and start using your free account. For more informationhttps://groovepages.groovesell.com/a/uy9VcdqIvopT, click here  Step 3 Now decide what you are going to sell and how and GET STARTED! Decide what niche you want to be in and what you want to sell. Unless you already have your own products and business (which you may want to change based on your new research on what people actually want) you can start by selling other people’s products and services for a generous commission of between 10 and 50%. This is essentially how some of the biggest companies in the world make billions in profits.  Booking.com and Airbnb do not own their own hotels and Amazon helps millions of small retailers and authors sell online for a commission. If you want to start earning cash today, GrooveFunnels will also pay you a commission to recommend their fantastic free software to your friends, colleagues and customers when you open your free account. Find out how to earn money  Here’s the best part. It’s risk free and no capital investment required! No re-mortgaging your house and borrowing thousands or risking everything to open up a physical business. And you can get started right away. What have you got to lose? One final thing…this free lifetime access is on offer for a limited period only.  GrooveFunnels only plan to keep this offer open for a short while and will soon start charging at least $99 dollars per month to access the same package you can get for free for life – NO credit card needed…FREE LIFETIME ACCESS.  https://groovepages.groovesell.com/a/uy9VcdqIvopT #investment #money #taxreturns #makemoneyonline #groovefunnels #FREESee omnystudio.com/listener for privacy information.

The UK government has announced the launch of a new 95% mortgage scheme. 95% mortgage guarantee launches today, available on high streets across the country Scheme part of a range of ownership options to help make home ownership a reality New figures show demand for home ownership has soared during lockdown, with nearly 80% of private renters now saving for a deposit A new government-backed mortgage guarantee scheme, announced in the March Budget, to help people with 5% deposits get on to the housing ladder will be available to lenders from today 19 April 2021, a spokesperson confirmed. The scheme will help BOTH first time buyers AND current homeowners obtain a mortgage with a 5% deposit to buy a house of up to £600,000 – offering a route to home ownership to those with low deposits. For more details see https://homebasedbusinessideasuk.blogspot.com/2021/04/property-news-95-mortgages-available-now.html The government is essentially giving lenders the guarantee they need to provide mortgages that cover the other 95%, subject to the usual affordability checks. In the past, insurance companies provided this guarantee for a premium. The scheme is now available from major high street lenders across the country today, including Lloyds, Santander, Barclays, HSBC and NatWest and Virgin Money following next month. In 2019, the government made a pledge to build 300,000 new and attractive homes a year with an investment of over £12 billion in affordable housing over the next 5 years – the largest investment in a decade. Since 2010, more than 687,000 households have been helped into home ownership through government schemes, but when asked, 69% of private renters and 63% of those living at home who had looked into a mortgage said they cannot find many mortgages with a low deposit.  The guarantee scheme is one of a range of flexible home ownership options available including:  Help to Buy Shared Ownership  First Homes Scheme.  Figures show that the number of mortgage approvals for house purchases in January 2021 was 99,000 – a 40% increase on January 2020. The government has helped over 685,000 households to purchase a home since 2010 through government backed schemes including Help to Buy and Right to Buy. Taxpayers will bail out banks if loans default and they lose money  The higher the loan-to-value, the higher the risk for lenders, as borrowers have less skin in the game and can walk away in the event of a property crash or negative equity. The mortgage guarantee scheme provides lenders with the option to purchase a guarantee on the top-slice of the mortgage, which means the government will compensate the mortgage lender for a portion of any net losses incurred in the event of repossession. In other words, the guarantee applies down to 80% of the purchase value of the guaranteed property. The guarantee will be valid for up to 7 years after the mortgage has started and evidence shows that loans are unlikely to default after this time. However, the scheme is intended as a temporary measure and will be open for new mortgage applications from April 2021 to December 2022. Lenders can still pursue you for losses after you have been repossessed if they do not get their money back on a ‘forced sale’ – usually at auction.  The government said the current scarcity of high loan-to-value lending is a response to the pandemic rather than a symptom of a longer-term structural change in the mortgage market. The government will review the scheme towards the planned end date to determine whether extending the period of eligibility for new mortgages would continue to deliver benefits for prospective buyers. The stamp duty holiday comes to an end in June, prompting fears of a slowdown in the property market. The new guarantee scheme could push prices to new record highs making it more difficult for first-time-buyers to get on the property ladder.   Get your business online today free with GrooveFunnels. Free…FREE LIFETIME ACCESS. NO credit card needed to start building your website yourself. https://groovepages.groovesell.com/a/uy9VcdqIvopT #investment #money #taxreturns #makemoneyonline #groovefunnels #FREE   See omnystudio.com/listener for privacy information.

The Financial Conduct Authority, has announced that mortgage lenders can enforce repossessions of homes from borrowers unable to make repayments.  As many as 100,000 were on mortgage repayment holidays during the Covid lockdowns, but this came to an end this month. Even more borrowers have not been able to make repayments on loans and credit cards. The term “repayment holiday” implies that borrowers are being let off, but arrears are added to the loan resulting in higher payments for borrowers already struggling.  Lenders must follow guidance on when to repossess and only use court action as a last resort. The courts already have a backlog of all types of cases and bailiffs cannot be instructed by the courts until the end of May at the earliest in England and end of June in Wales, which means landlords may will not be able to gain possession of a property for several months. Those unable to make repayments can no longer apply for a deferral on mortgage, loan or credit card repayments, however. lenders can consider individual cases of hardship based on their specific financial circumstances. Will this lead to mass repossessions? Probably not mass repossessions, but definitely an increase and more motivated and distressed sellers. Unlike previous recessions, interest rates are at an all-time low – but watch out for those big step-up in payments after an initial fixed rate or discount, as well as HUGE FEES being added to the loan and increasing your debt. In better news for home buyers, lenders can now accept applications for a new Help to Buy scheme in England. This is a less generous version than the previous scheme and is restricted to first-time buyers. The Chancellor’s new 95% ‘mortgage guarantee scheme’ announced in the budget is due to be rolled out next year. With stamp duty holiday ending in August and more people coming off the job retention scheme, the long property boom could be coming to an end. The question is whether or not governments can print their way out of the recession, with massive Trillion Dollar financial stimulus packages to prop up weak western economies, and avoid a looming worldwide depression.  Is it Possible To Start A Money Making Business From Home Without Capital Or Risk? With pubs and restaurants closed for months during the lockdown in the UK and Ireland, it's a reminder of how vulnerable physical businesses, like pubs, restaurants and shops are to economic downturns or market changes. At the same time, internet business owners are getting richer. Never in history has more goods been bought on the internet.  Even before the pandemic, the high street was already under pressure from online shopping, which has exploded in the last few years.  High rents, taxes and competition from the likes of Amazon and Shopify have driven large retailers, like Debenhams, out of business and forced John Lewis to start closing 70% of its 50 plus stores in the UK. How does this help you get started online? The internet has given small home-based businesses an opportunity to compete with the big companies which have dominated the market. They took the best sites in the high street and malls, and often drove small retailers to the wall with massive advertising and undercutting. Fortunately, this has now changed and that’s how you can benefit from the online bonanza. You can now set up a risk-free online business or store - from home in your spare time - and sell to a potential market of 5 billion people browsing the internet every day looking for solutions to their problems.  You no longer need to rent a shop or premises and pay high taxes and bills before you make a penny. And you don’t have to quit your job until your business income exceeds your salary.  Here are 3 simple steps. Step 1  Sell solutions to people’s problems Research your idea or product online – where else! You can check on Google how many people are searching for products or solutions to their problems. For instance, millions of people want to be slimmer and healthier, especially in these times. According to wordstream 450,000 people have recently searched for “how to lose weight” on the internet. Other ‘keyword’ searches like “diet” and “lose weight fast” had similar results. That’s just one niche! You can literally find out how many people are searching for keyword solutions by checking on Google and specialists like Wordstream and Mondovo absolutely free. Market research like this was previously only available to large companies with large budgets. Now you can access it for free. You can get up and running with your online business website today for free with GrooveFunnels. For more information…click here   Step 2 Set up your online business today Set up an online business selling products that people are looking for (not what you think the market needs), or sell to people online from your existing business, by setting your website online today. You don’t need to pay a designer or software engineer to set up a website, as there are readymade templates and off-the-shelf website pages to get your business started today. In the past, I have spent tens of thousands on websites because they had to be designed and built from scratch, which took months. Fortunately, you don’t have to go through this pain. You can now build a simple website for free using GrooveFunnels template pages and built-in shopping cart checkout facilities with a click of a button. GrooveFunnels is offering free lifetime access for a limited period only – no credit card required to open and start using your free account. For more informationhttps://groovepages.groovesell.com/a/uy9VcdqIvopT, click here  Step 3 Now decide what you are going to sell and how and GET STARTED! Decide what niche you want to be in and what you want to sell. Unless you already have your own products and business (which you may want to change based on your new research on what people actually want) you can start by selling other people’s products and services for a generous commission of between 10 and 50%. This is essentially how some of the biggest companies in the world make billions in profits.  Booking.com and Airbnb do not own their own hotels and Amazon helps millions of small retailers and authors sell online for a commission. If you want to start earning cash today, GrooveFunnels will also pay you a commission to recommend their fantastic free software to your friends, colleagues and customers when you open your free account. Find out how to earn money  Here’s the best part. It’s risk free and no capital investment required! No re-mortgaging your house and borrowing thousands or risking everything to open up a physical business. And you can get started right away. What have you got to lose? One final thing…this free lifetime access is on offer for a limited period only.  GrooveFunnels only plan to keep this offer open for a short while and will soon start charging at least $99 dollars per month to access the same package you can get for free for life – NO credit card needed…FREE LIFETIME ACCESS.  https://groovepages.groovesell.com/a/uy9VcdqIvopTSee omnystudio.com/listener for privacy information.

Canada has announced that it will increase immigration into the country and simplify the process in order to help the economy recover and grow Canada aims to accept over 400,000 permanent residents each year under the 2021-2023 Immigration Levels Plan. The focus of the new plan will be geared towards economic growth, with the Economic Class accounting for 60% of new admissions. The new Canadian migrant visas are aimed at increasing numbers of people through the following programmes:   Self-Employed Persons Program Federal Skilled Trades Program Federal Skilled Worker Program Canadian Experience Class   Start-up Visa   In recent years, Indians have made up the largest nationality to obtain permanent residency in Canada. Migrants have been helped by a more straightforward path to citizenship, as well as schemes aimed at attracting entrepreneurs and highly skilled workers.  According to immigration analysts, the main reason behind increased migrants from the US to Canada is the confusion surrounding the H-1B scheme, as well as the extremely long waiting times for a US green card for Indians. Immigration is critical for Canada, not only for surviving the pandemic, but also to short-term and long-term economic recovery and growth Marco E. L. Mendicino, Minister of Immigration, Refugees, and Citizenship said, “As we look to the future, newcomers create jobs not only by providing our businesses with the skills they need to thrive, but also by starting their own businesses.” He added, “Our plan will help to address some of our most pressing labour shortages while also increasing our population to keep Canada competitive on the global stage.”. To fill critical labour market gaps and remain competitive on the global stage, the 2021-2023 levels plan aims to welcome immigrants at a rate of about 1% of the Canadian population, including 401,000 permanent residents in 2021, 411,000 in 2022, and 421,000 in 2023.  While Immigration, Refugees and Citizenship Canada (IRCC) continued to accept and process applications throughout the pandemic, global travel restrictions and capacity constraints resulted in a shortfall in admissions in recent months. In my recent Money Tips Podcast, I interviewed Toronto native, Jas Takhar, co-founded the REC and real estate firm Royal LePage. Jas, who runs one of the leading real estate companies in Canada and is the author of the book Real Estate Intelligence, pointed out that around three times more homes will need to be built to accommodate new arrivals as well as fast-growing local demand in a hot property market.   Canada has been a popular destination for migrants from all over the world including Hong Kong, India, The Philippines, Africa and European countries. This is due to a number of factors, such as Canada’s strong economy, migrant friendly policies and healthcare, but especially because their route to permeant residency and Canadian citizenship is so much faster easier than in other countries.   The UK is also opening up new immigration routes post-Brexit having abandoned former Prime Minister David Cameron’s 2010 target of cutting net migration to the “tens of thousands”.  However, the UK government has pledged to clamp down on illegal immigration with plans to reduce the number of appeals against deportation.  UK lockdown slowly coming to an end giving hope to a battered economy. See also: Immigration Rule changes opens door to recruit overseas health and senior care staff to work in the UK Why Migrate Abroad When You Can Make Money From A Risk-free Online Business Have you ever tried to start an online business, but were then let down by software and web developers, or found web building software, such as Wordpress, too difficult to use? I certainly have. I recently discovered a new system that changed everything for me. GrooveFunnels software is helping me in my online marketing business – and I was able to setup a website in a matter of hours instead of weeks and months… It’s easy to use, it works and free to use and get started. Yes, free Access to GrooveFunnels - the new best way to build better funnels and web pages that sell! Take a closer look at it yourself, and pick up your free account while you’re there: https://groovepages.groovesell.com/a/uy9VcdqIvopTSee omnystudio.com/listener for privacy information.

Toronto’s housing market has boomed during the lockdown, but there is still a massive shortage of homes, which will get worse as Canada opens the doors to 400,000 new economic migrants every year. In this week’s Money Tips Podcast, I interview Toronto native, Jas Takhar, co-founded the REC and real estate firm Royal LePage. Jas, who runs one of the leading real estate companies in Canada and is the author of the book Real Estate Intelligence, pointed out that around three times more homes will need to be built to accommodate new arrivals as well as fast-growing local demand in a hot property market.   Key Takeaways: Property prices in some parts of Greater Toronto Area grew by 36% last year  Jas believes the downtown Condo market is under-priced right now Jas puts out 20 pieces of content on social media every day Jas podcasts and was a guest on over 69 podcasts last year Most salespeople fail to follow-up on prospects Mortgage rates from as 1.6% fixed for 5 years Canada will recruit 400,000 immigrants a year Strong underlying economy Canada has been a popular destination for migrants from all over the world including Hong Kong, India, The Philippines, Africa and European countries. This is due to a number of factors, such as Canada’s strong economy, migrant friendly policies and healthcare, but especially because their route to permeant residency and Canadian citizenship is so much faster easier than in other countries.   The UK is also opening up new immigration routes post-Brexit having abandoned former Prime Minister David Cameron’s 2010 target of cutting net migration to the “tens of thousands”.  UK lockdown slowly coming to an end giving hope to a battered economy. See also: Immigration Rule changes opens door to recruit overseas health and senior care staff to work in the UK Why Migrate Abroad When You Can Make Money From A Risk-free Online Business Have you ever tried to start an online business, but were then let down by software and web developers, or found web building software, such as Wordpress, too difficult to use? I certainly have. I recently discovered a new system that changed everything for me. GrooveFunnels software is helping me in my online marketing business – and I was able to setup a website in a matter of hours instead of weeks and months… It’s easy to use, it works and free to use and get started. Yes, free Access to GrooveFunnels - the new best way to build better funnels and web pages that sell! Take a closer look at it yourself, and pick up your free account while you’re there: https://groovepages.groovesell.com/a/uy9VcdqIvopT  See omnystudio.com/listener for privacy information.

The end of the current tax, or fiscal year, is approaching fast on 5th of April, so not long to make your final plans. This is the time of year when you should be thinking about using up all of your tax allowance before they are lost forever.   ISA's - tax free savings accounts  Pension Contributions  Marriage allowance - not always claimed Tax relief for working at home Talk to an accountant or independent financial advisor for more advice. It could save you thousands! In the budget, the Chancellor announced that tax allowances are being frozen, which means that more lower paid people will start paying tax and middle earners will be pushed into higher rates. The phenomenon known as Fisco drag means that in the next few years over 5 million people will pay higher rates of tax.  This will affect your savings interest, dividends and rental income. The more you can put into a tax-free environment, like a pension or ISA, the better you are protecting your money from the taxman. Tax rates on corporations or limited companies will also increase, which means that property investors with their properties in limited companies will pay higher rates of tax. Ironically, many investors moved their properties into a limited company is to avoid paying higher rates of tax as a sole trader. The taxman gets you one way or the other! Other news President Biden has started splashing the cash with a mind boggling $1.9 trillion financial stimulation package to boost the US economy.  Where does all this money come from you may ask? Thin air! They make it up and just print it! Someone will eventually have to pay it back but politicians in western democracies usually only think as far ahead as the next general election - or the one after that. Politicians in China, however, plan decades ahead.  China is playing the long game and increasing its influence all over the world. It’s economy grew by over 8% last year, while the UK suffered the worst recession in 300 years and borrowed nearly £300 billion. With economies gradually opening up, businesses are looking forward to a brighter summer this year.  Interest rates are low and people who have remained in work have more money in the bank due to savings on travel and so on. Lower paid and self-employed workers are not so well off and have suffered badly during the lockdown. Despite the optimism, unemployment rates have rocketed and thousands of businesses have gone forever. I believe it will take years before the country really bounces back from the unprecedented worldwide shutdown. Unlike physical businesses, such as shops and restaurants, online businesses have been booming during the pandemic. Right now has never been a better time start a business selling products and services online - especially if you need extra money How To Start A Money Making Business From Home Without Capital Or Risk! With pubs and restaurants closed for the lockdown in the UK and Ireland it's a reminder of how vulnerable physical businesses, like pubs, restaurants and shops are to economic downturns or market changes. At the same time, internet business owners are getting richer. Never in history has more goods been bought on the internet.  Even before the pandemic, the high street was already under pressure from online shopping, which has exploded in the last few years.  High rents, taxes and competition from the likes of Amazon and Shopify have driven large retailers, like Debenhams, out of business and forced John Lewis to start closing 70% of its 50 plus stores in the UK. How does this help you get started online? The internet has given small home-based businesses an opportunity to compete with the big companies which have dominated the market. They took the best sites in the high street and malls, and often drove small retailers to the wall with massive advertising and undercutting. Fortunately, this has now changed and that’s how you can benefit from the online bonanza. You can now set up a risk-free online business or store - from home in your spare time - and sell to a potential market of 5 billion people browsing the internet every day looking for solutions to their problems.  You no longer need to rent a shop or premises and pay high taxes and bills before you make a penny. And you don’t have to quit your job until your business income exceeds your salary.  Here are 3 simple steps. Step 1  Sell solutions to people’s problems Research your idea or product online – where else! You can check on Google how many people are searching for products or solutions to their problems. For instance, millions of people want to be slimmer and healthier, especially in these times. According to wordstream 450,000 people have recently searched for “how to lose weight” on the internet. Other ‘keyword’ searches like “diet” and “lose weight fast” had similar results. That’s just one niche! You can literally find out how many people are searching for keyword solutions by checking on Google and specialists like Wordstream and Mondovo absolutely free. Market research like this was previously only available to large companies with large budgets. Now you can access it for free. You can get up and running with your online business website today for free with GrooveFunnels. For more information…click here   Step 2 Set up your online business today Set up an online business selling products that people are looking for (not what you think the market needs), or sell to people online from your existing business, by setting your website online today. You don’t need to pay a designer or software engineer to set up a website, as there are readymade templates and off-the-shelf website pages to get your business started today. In the past, I have spent tens of thousands on websites because they had to be designed and built from scratch, which took months. Fortunately, you don’t have to go through this pain. You can now build a simple website for free using GrooveFunnels template pages and built-in shopping cart checkout facilities with a click of a button. GrooveFunnels is offering free lifetime access for a limited period only – no credit card required to open and start using your free account. For more informationhttps://groovepages.groovesell.com/a/uy9VcdqIvopT, click here  Step 3 Now decide what you are going to sell and how and GET STARTED! Decide what niche you want to be in and what you want to sell. Unless you already have your own products and business (which you may want to change based on your new research on what people actually want) you can start by selling other people’s products and services for a generous commission of between 10 and 50%. This is essentially how some of the biggest companies in the world make billions in profits.  Booking.com and Airbnb do not own their own hotels and Amazon helps millions of small retailers and authors sell online for a commission. If you want to start earning cash today, GrooveFunnels will also pay you a commission to recommend their fantastic free software to your friends, colleagues and customers when you open your free account. Find out how to earn money  Here’s the best part. It’s risk free and no capital investment required! No re-mortgaging your house and borrowing thousands or risking everything to open up a physical business. And you can get started right away. What have you got to lose? One final thing…this free lifetime access is on offer for a limited period only.  GrooveFunnels only plan to keep this offer open for a short while and will soon start charging at least $99 dollars per month to access the same package you can get for free for life – NO credit card needed…FREE LIFETIME ACCESS.    https://groovepages.groovesell.com/a/uy9VcdqIvopT #investment #money #taxreturns #makemoneyonline #groovefunnels #FREE  See omnystudio.com/listener for privacy information.

Happy St Patrick’s Day! With pubs and restaurants closed for the lockdown in The UK and Irelands, this will be a very quiet St Patrick’s Day. This is a reminder of how vulnerable physical businesses, like pubs, restaurants and shops are to economic downturns or market changes. At the same time, internet companies are getting richer. Never in history has more goods been bought on the internet. Even before the pandemic, the high street was already under pressure from online shopping, which has exploded in the last few years.  High rents, taxes and competition from the likes of Amazon and Shopify have driven large retailers, like Debenhams, out of business and forced John Lewis to start closing 70% of its 50 plus stores in the UK. The historically successful business recorded a loss of £517 million last year, but after store closures and redundancies expects 55% of future profits to come from online sales. How does this help you get online? The internet has given small home-based businesses an opportunity to compete with the big companies which have dominated the market. They took the best sites in the high street and malls, and often drove small retailers to the wall with massive advertising and undercutting. Fortunately, this has now changed and that’s how you can benefit from the online bonanza. You can now set up a risk-free online business or store - from home in your spare time - and sell to a potential market of 5 billion people browsing the internet every day looking for solutions to their problems. You no longer need to rent a shop or premises and pay high taxes and bills before you make a penny. And you don’t have to quit your job until your business income exceeds your salary.  Here are 3 simple steps. Step 1  Sell solutions to people’s problems Research your idea or product online – where else! You can check on Google how many people are searching for products or solutions to their problems. For instance, millions of people want to be slimmer and healthier, especially in these times. According to wordstream.com, 450,000 people have recently searched for “how to lose weight” on the internet. Other ‘keyword’ searches like “diet” and “lose weight fast” had similar results. That’s just one niche! You can literally find out how many people are searching for keyword solutions by checking on Google and specialists like Wordstream.com and Mondovo.com absolutely free. Market research like this was previously only available to large companies with large budgets. Now you can access it for free. You can get up and running with your online business website today for free with GrooveFunnels. For more information…click here. Step 2 Set up your online business today Set up an online business selling products that people are looking for (not what you think the market needs), or sell to people online from your existing business, by setting your website online today. You don’t need to pay a designer or software engineer to set up a website, as there are readymade templates and off-the-shelf website pages to get your business started today. In the past, I have spent tens of thousands on websites because they had to be designed and built from scratch, which took months. Fortunately, you don’t have to go through this pain. You can now build a simple website for free using GrooveFunnels template pages and built-in shopping cart checkout facilities with a click of a button. GrooveFunnels is offering free lifetime access for a limited period only – no credit card required to open and start using your free account. For more information, click here. Step 3 Now decide what you are going to sell and how and GET STARTED! Decide what niche you want to be in and what you want to sell. Unless you already have your own products and business (which you may want to change based on your new research on what people actually want) you can start by selling other people’s products and services for a generous commission of between 10%-50%. This is essentially how some of the biggest companies in the world make billions in profits. Booking.com and Airbnb do not own their own hotels and Amazon helps millions of small retailers and authors sell online for a commission. If you want to start earning cash today, GrooveFunnels will also pay you a commission to recommend their fantastic free software to your friends, colleagues and customers when you open your free account. Find out how. Here’s the best part. It’s risk free and no capital investment required! No re-mortgaging your house and borrowing thousands or risking everything to open up a physical business. And you can get started right away. What have you got to lose? Saint Patrick was a fifth century missionary Bishop and is the patron saint of Ireland. As well as being a great missionary, Saint Patrick was also an extremely good organiser of the early church. I’m sure if he was alive today, Patrick would undoubtedly be online preaching all over the web, just as the church is doing so right now. One final thing…this free lifetime access is on offer for a limited period only. GrooveFunnels only plan to keep this offer open for a short while and will soon start charging at least $99 dollars per month to access the same package you can get for free for life – NO credit card needed…FREE LIFETIME ACCESS.  https://groovepages.groovesell.com/a/uy9VcdqIvopTSee omnystudio.com/listener for privacy information.

As we celebrate International Women’s Week, new research in UK has found that the average woman in her twenties today will retire with £100,000 less in her pension than men. The BBC reports that the insurance and pension provider Scottish Widows found that women will need to work an extra 40 years just to close the gap. The main reasons are lower average earnings, greater probability of working part-time or taking career breaks and heavier childcare burden. The government said its pension reforms had helped millions more women save for retirement. Scottish Widows research supports other findings that women on average save less than men. During the first 15 years of their working lives, women on average save £2,200 a year, compared to £3,300 for men. The effects of compound interest means that saving for your pension as early as possible is crucial to your retirement. This applies to anyone saving for retirement.  As a rough guide, every 5 years of delaying a pension savings plan means your eventual fund can halve in value. In other words, every 5 years you wait, means you will need to pay in twice as much to get the same result.  When we are young, we think we have all the time in the world. But you may not have as much time as you think.  For instance, if you are aged 30 now, you have roughly 30 years of working life ahead of you if you plan to retire at 60. Thirty years sounds like an awfully long time, however, if you break it down into pay or salary cheques, 30 years is really just 360 salary payments - 12 per year times 30 years assuming full employment. Scottish Widows said if women increased their pensions contributions at the start of their careers by only 5%, they could close the pensions gap almost completely by the time they are retired. Employees in the UK can join work-based pension schemes, which will go some way to providing a pension, but nowhere near enough for a comfortable retirement. Millions of people face poverty in retirement and will be forced to work into their seventies. Self-employed and ‘gig’ economy workers are even more likely to experience poverty and must make their own pension provision. If you have no passive income, you can never retire…it’s a simple as that. What is passive income? A guaranteed private, company or state pension or income from savings and investments, such as stocks and shares or bonds. However, the value of funds invested in the stock markets can go down as well as up! Rental income from property can be passive, but probably falls into the semi-passive category as you may still need to do some work even if the property is managed by an agent. More worrying for both men and women is the pensions timebomb slowly ticking in most western countries. State pension and social security schemes were designed in an age when people did not live very long in retirement and there was a higher ratio of people working compared to those in retirement. And, these pensions schemes are not even funded, as benefits are paid from working taxpayers. In other words, they are bust! The chances of a young person starting work today receiving any state pension are pretty slim if not zero! What can you do to beat the pensions timebomb? The short answer is, start saving and investing! However, this is easier said than done when real incomes and job security are falling. I’ve been there…struggling to pay the mortgage and bills whilst bringing up a family when I was working as a financial adviser early in my career. As an adviser selling pension plans and investments, I met thousands of clients who could not afford to put enough money away for their pension and pay for everything else. Even after economising and cutting out waste, many still had very little left over for short-term, let alone long-term savings. So, what can you do if you have cut back on unnecessary expenditure and really do not anything left to save? Increase income… Like any business or country, you cannot just keep cutting expenditure without increasing revenue. There are a number of ways you can increase income from gaining promotion to getting a higher paid job. This might be difficult in the current climate, but fortunately there is another way to increase your revenue…without quitting your job or taking any risks. Start a part-time side hustle A part-time side hustle or business could easily bring in thousands of Dollars, Euros or Pounds and could replace your full-time job enabling you to quit your job. What would an additional $5,000 per month mean to you? Financial freedom… More time with the family… Your dream house or car…  Travel and exotic holidays… Or the freedom to fire your boss? Maybe you only need $500 per month to change your life and save for a better future? I am not suggesting you start a physical business, like a shop, which need requires tons of capital and staff, not to mention risk. You can start a business from your laptop or smartphone from the comfort of your home, risk free and without spending money on overheads. The pandemic has shown us that businesses can be successfully run online and that customers are buying more things than ever on the internet. Maybe you have a business already selling on or offline.  The best part of online marketing is that you don’t even need your own product to make money. To get started, you could set up an online business selling other people’s digital products for a business model called affiliate marketing. There are thousands of people and companies who will pay you generous commissions to sell their products. Do you need a fancy website? Absolutely not! You also don’t have to know anything about HTML code or building complicated websites. I used to get hung up on creating the ‘perfect website’ and spending tens of thousands and many months on a web designer. Or I’d get stuck trying to build my own website. The truth is, all I really needed was a simple web page or two that sold products – a funnel. And I needed a template or cookie cutter system that I could use myself to quickly put my ideas out there on the marketplace! Perhaps, you may have tried to set up online businesses or websites but then got stuck…? Have you ever tried to start an online business, but were let down by software and web developers, or just couldn’t get past a technical issue? I have…yes to all of the above! It wasn’t until I discovered a new game-changing system that everything changed for me. GrooveFunnels software helped me launch an online marketing business in hours, and changed my life forever… Why? First of all, it’s easy to use.  Secondly, it works.  But the real clincher was it was free to use and get started. Yes, free Access to GrooveFunnels - the new best way to build better funnels and web pages that sell! - Free for LIFE - No games. No fine print. - No credit card needed ever! - $99/month value… Now free. - Grab your account while you still can! The world has changed so much recently. And during these times, I am always excited whenever I find new solutions to help you in whatever way I can. I’m sure you’ve heard of software tools designed to help you build websites, sales pages and online funnels. Because sales funnels are proven to be effective, any such tools could reasonably command high monthly fees to access. Unfortunately, this could also be out of reach for many business owners and marketers who are on a budget, especially during uncertain times. This is where GrooveFunnels comes in. GrooveFunnels is the new, better way to build funnels and sell digital products online. It’s not just one or two simple tools, or solely a “funnel builder,” either. This is your complete digital products and services online sales system. Co-founded by Mike Filsaime, one of the top Internet marketing experts in the world, GrooveFunnels is a suite of products that includes all the tools you need to run your online business. They have built a complete, all-in-one platform with all the essential tools so you don’t need to worry about multiple subscriptions to a variety of services that would easily add up to thousands per month. Finally, you can get instant access to practically everything you need to sell your products and services online. … Including: - Full product funnels - Brand websites with full navigation - Custom domain names - 1-click upsell capabilities - Upsells, downsells and order bumps - The world’s most powerful affiliate program - And so much more… Yes, this is a game changer. And today, for a limited time only, you can get started for absolutely free. No credit card. Lifetime access. Unlimited usage. Forever. I’m not sure about you, but I will be switching my entire business over to GrooveFunnels. Literally everything I need, and save thousands a month in the process. You’ll have to see it to believe. Take a closer look at it yourself, and pick up your free account while you’re there: https://groovepages.groovesell.com/a/uy9VcdqIvopT Let me know what you think. P.S. Mike told me that he is making some huge upgrades to his tools over the next several days, and we’re not sure if this will continue to be free for long. However, if you get your account right now, you’ll still be able to keep your account for life, including all the future updates to the tools. Take some time to learn all about the software, but be sure to grab your free account before it’s too late.See omnystudio.com/listener for privacy information.

As expected, the Chancellor Rishi Sunak has extended the Stamp Duty Holiday for a further three months to help sellers and buyers complete transactions. Budget Main Points Covid-19 Support Extended Furlough extended to end of September Government to continue funding 80% of employees' wages for hours not worked Employers to contribute 10% in July and 20% in August and September Support for self-employed to be extended until September 600,000 more self-employed people eligible for help with access to grants widened £20 uplift in Universal Credit worth £1,000 a year extended a further six months Working Tax Credit claimants will get £500 one-off payment Minimum wage will increase to £8.91 an hour from April. Property Investor Takeaway Stamp duty holiday on house purchases in England and Northern Ireland extended to June No Stamp Duty tax liability on sales of less than £500,000 for residential buyers Mortgage Guarantee Scheme for 95% to be introduced next year. Economy and Borrowing UK economy plummeted 10% in 2020 Economy forecast to rebound in 2021 by 4%  Economy forecast to rebound to pre-Covid levels by mid-22, with growth of 7.3% Over 700,000 people have lost their jobs since pandemic started last year Unemployment expected to peak at 6.5% next year, lower than 11.9% previously predicted UK will borrow a peacetime record of £355bn this year. Tax Income tax, national insurance or VAT – no changes Personal income tax allowance frozen at £12,570 from April 2022 to 2026 Higher rate income tax threshold frozen at £50,270 from 2022 to 2026 Corporation tax hiked from 19% to 25% a 30% rise, from April 2023 Rate stay at 19% for 1.5 million smaller companies with profits less than £50,000 Stamp duty holiday on house purchases in England and Northern Ireland extended to June No Stamp Duty tax liability on sales of less than £500,000 for residential buyers No changes to inheritance tax or lifetime pension allowance or capital gains tax allowances Most people will pay more tax when the effect of frozen allowances kicks in Higher corporation tax rates could deter businesses from investing in the UK. Business Tax breaks for firms to "unlock" £20bn worth of business investment Firms will be able "deduct" investment costs from tax bills, reducing taxable profits by 130% Incentive grants for apprenticeships to rise to £3,000 and £126m for traineeships VAT rate for hospitality firms to be maintained at reduced 5% rate until September Interim 12.5% rate to apply for the following six months Business rates holiday for firms in England to continue until June with 75% discount after  £5bn in re-opening grants for non-essential businesses worth up to £6,000 per premises New visa scheme to help start-ups and rapidly growing tech firms source overseas talent Contactless payment limit will rise to £100 later this year. The government will publish full details of these changes over next few days and weeks. Some property experts expect property prices to rise due to a combination of fiscal stimulus (money printing and government borrowing), stamp duty holiday extension, historically low interest rates and the return of a 95% mortgage free-for-all!  Property investors should look to new relaxed planning rules being introduced, which will make it easier to convert and repurpose commercial buildings. A word of caution.  Printing money on a scale not seen since the Second World War could lead to inflated asset prices (prices of stocks and shares, commodities, property have already risen sharply), higher inflation and higher interest rates. If this happens, the rate on mortgages will rise and this could cause serious financial issues for those borrowers with large mortgages. Buy right and get the right property training – contact me on FB for free property courses. Unemployment figures are still high especially for the 18–24-year-olds. Now is the time to learn new skills and think about starting an online business, which can be done with virtually no capital compared to a physical business.  Have you tried to start an online business, but been let down by software and web developers? New free game changing system to help launch your online marketing business and change your life… Free Access to GrooveFunnels - the new best way to build better funnels - Free for LIFE - No games. No fine print. - No credit card needed ever! - $99/month value… Now free. - Grab your account while you still can! The world has changed so much recently. And during these times, I am always excited whenever I find new solutions to help you in whatever way I can. I’m sure you’ve heard of software tools designed to help you build websites, sales pages and online funnels. Because sales funnels are proven to be effective, any such tools could reasonably command high monthly fees to access. Unfortunately, this could also be out of reach for many business owners and marketers who are on a budget, especially during uncertain times. This is where GrooveFunnels comes in. GrooveFunnels is the new, better way to build funnels and sell digital products online. It’s not just one or two simple tools, or solely a “funnel builder,” either. This is your complete digital products and services online sales system. Co-founded by Mike Filsaime, one of the top Internet marketing experts in the world, GrooveFunnels is a suite of products that includes all the tools you need to run your online business. They have built a complete, all-in-one platform with all the essential tools so you don’t need to worry about multiple subscriptions to a variety of services that would easily add up to thousands per month. Finally, you can get instant access to practically everything you need to sell your products and services online. … Including: - Full product funnels - Brand websites with full navigation - Custom domain names - 1-click upsell capabilities - Upsells, downsells and order bumps - The world’s most powerful affiliate program - And so much more… Yes, this is a game changer. And today, for a limited time only, you can get started for absolutely free. No credit card. Lifetime access. Unlimited usage. Forever. I’m not sure about you, but I will be switching my entire business over to GrooveFunnels. Literally everything I need, and save thousands a month in the process. You’ll have to see it to believe. Take a closer look at it yourself, and pick up your free account while you’re there: https://groovepages.groovesell.com/a/uy9VcdqIvopT  See omnystudio.com/listener for privacy information.

  Boris Johnson announces ‘Roadmap’ out of COVID-19 Lockdown Up to half a million tenants may lose their home without financial help… US Tech stocks fall sharply for second day Free Software to help launch your online marketing business in 2021   Up to half a million tenants may lose their home without financial help, charities, landlords and lenders warn Citizens Advice estimate that at least half a million private tenants are in arrears due to the impact of Covid-19. And the Resolution Foundation told the BBC that 750,000 renters had fallen behind on housing costs in January - 450,000 UP on the previous year. The think tank reported that just 3% of private renting families have been able to negotiate a lower rent over the last 10 months. Earlier this week, the Housing Secretary, Robert Jenrick, announced that a ban on bailiff-enforced evictions in England would be extended until 31 March, which means hundreds of thousands of tenants are living on borrowed time. Millions of buy-to-let landlords and property investors have mortgages to pay and rely on the rental income from tenants. Retired residential property landlords with no mortgages are dependent on rental income to supplement their pensions in retirement.  Boris Johnson announces ‘Roadmap’ out of Lockdown, but little cheer for hospitality sector Summary Stage 1 From 8 March 2021 Children can return to school  Two people can meet outside and have a coffee on a park bench One nominated person can visit care homes with PPE, no kissing University students can return for practical courses.  A review by the end of the Easter holidays for other university students Masks recommended in class for secondary school and parents and staff in primary schools Wraparound childcare can also return for vulnerable pupils and where needed for parents or carers to go to work, support groups or seeking medical care From 29 March 2021 People allowed to meet outside, with one other household or within "rule of six" The ‘stay at home’ rule ends, but the government will urge people to stay local Outdoor sport facilities reopen, including golf courses and tennis and basketball courts Formally organised outdoor sports can also restart Parents and children groups can return but are capped at 15 and must be outdoors.  Indoor groups can take place for vulnerable children and where parents needed for work Weddings attended by up to six people can take place in any circumstances Stage 2 From 12 April 2021 All shops allowed to open Restaurants and pub gardens able to serve alcohol to customers sitting outdoors Gyms and spas can reopen for individuals and households Hairdressers, beauty salons and "close contact services" can reopen UK domestic holidays away from home permitted  Self-contained accommodation can reopen for use by members of the same household Children allowed to attend indoor play activities, with up to 15 parents or guardians Zoos, theme parks and drive-in cinemas can reopen Libraries and community centres can reopen Weddings attended by up to 15 people can take place Stage 3 From 17 May 2021 People can meet in groups of up to 30 outdoors Six people or two households can meet indoors Pubs, restaurants and other hospitality venues can seat customers indoors Up to 30 people can meet to celebrate weddings or other life events, like christenings Remaining outdoor entertainment, such as outdoor theatres and cinemas can open Indoor entertainment such as museums, theatres, cinemas and children's play areas can open Performances and large events will be subject to limits. For indoor events at half capacity or 1,000 people, and outdoors at half capacity or 4,000 people - whichever is lower.  For large venues (40,000 capacity) up to 10,000 will be allowed to attend Hotels, hostels and B&Bs can reopen International leisure travel will resume no earlier than 17 May Adult indoor group sports and exercise classes can start up again Stage 4 From 21 June 2021 All legal limits on social contact will be removed No legal limits on the number of people who can attend weddings, funerals and other life events. From April, the government will run pilots for events such as large weddings, festivals and work conferences. This will help to determine how measures such as enhanced testing might allow large groups to attend without social distancing Nightclubs will be allowed to reopen Four tests for easing restrictions Each stage will be a minimum of five weeks apart. Four conditions must be met at each stage before proceeding to the next one: The coronavirus vaccine programme continues to go to plan Vaccines are sufficiently reducing the number of people dying with the virus or needing hospital treatment Infection rates do not risk a surge in hospital admissions New coronavirus variants do not fundamentally change the risk of lifting restrictions For full details in all UK nations see: BBC News US Tech stocks fall sharply for second day US fell again today on fears that rising interest rates could derail the economic recovery? Could this be the end of the record stock market bull run?  Free Software to help launch your online marketing business in 2021 Free Access to GrooveFunnels - the new best way to build better funnels - Free for LIFE - No games. No fine print. - No credit card needed ever! - $99/month value… Now free. - Grab your account while you still can! The world has changed so much recently. And during these times, I am always excited whenever I find new solutions to help you in whatever way I can. I’m sure you’ve heard of software tools designed to help you build websites, sales pages and online funnels. Because sales funnels are proven to be effective, any such tools could reasonably command high monthly fees to access. Unfortunately, this could also be out of reach for many business owners and marketers who are on a budget, especially during uncertain times. This is where GrooveFunnels comes in. GrooveFunnels is the new, better way to build funnels and sell digital products online. It’s not just one or two simple tools, or solely a “funnel builder,” either. This is your complete digital products and services online sales system. Co-founded by Mike Filsaime, one of the top Internet marketing experts in the world, GrooveFunnels is a suite of products that includes all the tools you need to run your online business. They have built a complete, all-in-one platform with all the essential tools so you don’t need to worry about multiple subscriptions to a variety of services that would easily add up to thousands per month. Finally, you can get instant access to practically everything you need to sell your products and services online. … Including: - Full product funnels - Brand websites with full navigation - Custom domain names - 1-click upsell capabilities - Upsells, downsells and order bumps - The world’s most powerful affiliate program - And so much more… Yes, this is a game changer. And today, for a limited time only, you can get started for absolutely free. No credit card. Lifetime access. Unlimited usage. Forever. I’m not sure about you, but I will be switching my entire business over to GrooveFunnels. Literally everything I need, and save thousands a month in the process. You’ll have to see it to believe. Take a closer look at it yourself, and pick up your free account while you’re there: https://groovepages.groovesell.com/a/uy9VcdqIvopT Let me know what you think. P.S. Mike told me that he is making some huge upgrades to his tools over the next several days, and we’re not sure if this will continue to be free for long. However, if you get your account right now, you’ll still be able to keep your account for life, including all the future updates to the tools. Take some time to learn all about the software, but be sure to grab your free account before it’s too late. See omnystudio.com/listener for privacy information.

The average prices of UK house climbed 8.5% in 2020, the highest yearly growth rate since October 2014, according to the official Land Registry data. The average UK house price reached a record high of £252,000 in December 2020, the Office for National Statistics said. The UK is made up of a number of distinct markets, some a world apart from London where average prices are just under £500,000. The North West had the highest growth of 11.2%, while London rose just 3.5%. The stamp duty holiday and buyers reassessing their housing preferences contributed to the rise, the ONS said. The desire for more space during the pandemic saw the average price of detached properties rise by twice as much as flats and maisonettes during 2020, up by 10% and 5% respectively. In Wales, where there has been a recent boom in second home purchases, enjoyed the fastest growth, with property values rising 10.7% to £184,000. In England, prices climbed 8.5% to £269,000, in Scotland, 8.4% to £163,000 and in Northern Ireland 5.3% to £148,000. There is speculation that the Stamp Duty holiday, due to end in March, will be extended for a further six weeks. Avoid following the FOMO herd into highly priced property, stocks and Bitcoin. As always, do your research, take financial advice, and buy right. Will property prices crash in 2021? Here’s the real secret…professional property investors make money from property whether the market is rising OR falling.  Just like professional share traders make money in a bull or bear market, property investors make money either way. Here’s another secret…you make money when you buy a property, not in ten years when you hope it will have gone up in value. Wise “value” investors, like Warren Buffett, do not follow the herd or buy something because the “market” says it worth a certain price. They buy at what they judge is the right value and wait patiently, sometime for years, until the price is right or they move on. Warren is sitting on $180 BILLION in cash right now because he thinks the stock market is way over valued. So, if you want to make money from property, learn from the professionals and learn how to buy right, in the right areas and for the right reason. You should take advantage of the many free property webinars available for anyone who wants to invest in UK property.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  As the UK is in the midst of coming out of the lockdown (hopefully soon!), this next transition could be the most important of your property investing career: It's not just a change, it's a REVOLUTION. We know you will be full of uncertainty and confusion in most things right now, but we want you to know that property does not need to be a stress or a burden. How can you slice through the white noise of everyone else and build relationships with estate agents and secure the deals you want? These next few months could set you up for life if you are educated and knowledgeable in how to leverage it. This small window of opportunity won’t be around forever. We are constantly monitoring the ever-evolving property industry, we are going to show you how to get better deals than everyone else. When £10,000’s is on the line, it’s no time to take it slow. With many people struggling to know if property is the right industry to be in or to even get into, others may be wondering where to go now on their property path... That’s why, the UK’s #1 property education company is taking leadership of the situation and equipping you to realise that this may be a change, but it's an even bigger opportunity.  Claim your place now! Here is what they are offering in this free exclusive online summit: They will cover: What you need to know, do & avoid urgently during these unprecedented times in the property industry How to Absolutely maximise the next 90 days & take the (hidden) opportunities An exclusive mindset session to help you be first and fastest and strongest as the lockdown lifts The upcoming summer strategy for 2021 - Serviced Accommodation The property strategies that are working NOW that most of the world have not yet figured out Where & how to invest in the new property climate & make 2021 your best year NEW cashflow strategies Don't wait, claim your place now! Could 2021 make you a property millionaire? Click the link to reserve your place:  http://bit.ly/3atSUPH  See omnystudio.com/listener for privacy information.

Will property crash in 2021? Travellers arriving in England forced to stay in hotels will be charged £1,750 for ten days of quarantine, the UK Health Secretary Matt Hancock has announced. The border control measures will come into force on Monday and apply to UK and Irish residents returning from countries on the high-risk so-called ‘red list.  Opposition parties have called for stronger border controls, as travellers from the 33 red list countries, which include South Africa, Panama and the UAE, do not make up the majority of the 20,000 plus people arriving in London from around the world every day. Anyone breaking the rules and failing to quarantine in a government-sanctioned hotel for 10 days will be fined up to £10,000. However, all overseas travellers flying into Scotland will have to go into quarantine hotels. To add to the confusion, people travelling from red list countries to Wales and Northern Ireland will be required to book and pay for quarantine in England, because the two countries do not currently have any direct international flights. People who lie on their passenger locator forms about visiting a red list country will be subject to a fine of £10,000 or up to 10 years in prison. The UK has suffered over 113,000 coronavirus deaths since the start of the pandemic. Over 12.6 million people have received a first dose of the vaccine. Mr Hancock told the Commons that 16 hotels have been contracted for the programme, with 4,600 rooms secured. The government will also enforce a tougher new "enhanced testing" regime for all travellers arriving into the UK starting on Monday, with two tests required during the quarantine process. Arriving passengers must to get a test on days two and eight of their 10-day quarantine period, whether they are isolating at home or in a hotel. The previous scheme was widely criticised for being too lax and open to abuse by overseas passengers arriving at London’s airports with no test and getting straight onto crowded underground public transport. Under new rules, airlines and travel companies will be legally required to ensure travellers have signed up for the new measures before they depart, with fines for companies and passengers if they fail to comply, Mr Hancock confirmed. New penalties include a £1,000 fine for travellers who fail to take mandatory tests and a £2,000 fine for failing to take the second mandatory test - along with a 14-day extension to quarantine. Failing to quarantine in a designated hotel carries fine of between £5,000 and £10,000. Passengers required to stay in a quarantine hotel must reserve a room online in advance via a booking system opening on Thursday. The £1,750 fee for an individual includes the hotel, transfer to it and testing. Similar measures have been in place in a number of Asian countries, including The Philippines, since the middle of 2020. Will property crash in 2021? The simple answer to the question everybody is asking is nobody really knows. Despite the worst recession in 300 years, average UK property prices jumped by almost 7% last year, and the market is still buoyant. Online auctioneer Savills have sold over £100 million worth of property from its last three auctions.  I attended Tuesday’s online only auction, and witnessed over £37 million worth and more than 100 properties across the UK go under the hammer. Properties, from a few thousand to millions of pounds, were selling fast at way over the guide prices – one sold for £200,000 over guide. Remember that auctions are for experienced investors and you should take advantage of the many free webinars available for anyone who wants to invest in UK property. Discover the ultimate beginners' guide to property and learn how you could be earning £1,000+ per month in 2021 using the hottest strategies in property investing right now! On Sunday February 14th at 7 PM, my friend and multi-millionaire property expert Kevin McDonnell is running a free live online training to show you how to overcome the most common beginner mistakes in property investing. Do you want to start earning life changing sums of money from property whilst knowing you are avoiding all the common mistakes beginners make when investing? Kevin will help you avoid the all-to-easy mistakes most newbies make when getting started in property investing. Click here to join his free online training – Click http://bit.ly/2NcPKqD  See omnystudio.com/listener for privacy information.

Cladding Scandal Sees Buildings Insurance Premiums SOAR 1000% As Insurance Premiums Across The Board Rise, How Can You Save Money?  Owners of properties blighted by fire hazard cladding face 1000% hike in their building’s insurance and no solution for those trapped in unsafe and unsaleable flats. A 28 year old woman from Leeds, who bought her first flat two years ago, has declared herself bankrupt after handing back the keys to her virtually worthless property. But did she need to declare bankruptcy?  Insurance practice a process known as ‘walking the price’, which will cost you thousands if you stay with the same company for years.  10 Tips To Save Money On Car Insurance: Rule Number 1. Loyalty does not pay! Never auto renew without shopping around first Check renewal 2-3 weeks in advance of renewal date Go for low mileage insurance if you are not driving so much now Young drivers can save by adding an older, more experienced driver Try getting quotes for multi-car policies which can save you money in some circumstances Your own insurer could be cheaper on a comparison site than they are quoting you directly Make sure you get like-for-like cover – check the small print and terms and conditions At very least, ask your own company for a better deal to stay with them Paying monthly could cost you up to 40% extra – pay in advance on a low interest credit card Will property prices rise or fall in 2021? Find out more… Ultimate Property Beginners Guide Free Webinar – Wednesday 10 February 2021 7PM On Wednesday February 10th at 7 PM, my friend Kevin McDonnell running a free live online training to get you started in property and show you how to overcome the most common beginner mistakes in property investing. Click Here For Free Training - http://bit.ly/3oLhLmfSee omnystudio.com/listener for privacy information.

Young people aged 25 to 34 face biggest risk of redundancy  Unemployment rate hits 5% with 1.7m jobless according to ONS 9 million people forced to borrow to cope with COVID-19 disruption 400,000 extra people were jobless in November 2020 compared to previous year Millions of jobs won’t return post lockdown, how can you survive in new economy? AI and new technology will force millions of workers to retrain and learn new skills By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. Proposed Leasehold Reforms Could Save You 1000’s Extending Leases Or Buying Freeholds Click Here For Free Leasehold Reforms Report - https://aw102f27.aweb.page/awlist5290445See omnystudio.com/listener for privacy information.

Thousands of small businesses are set to receive previously refused insurance claim payments covering losses from the first national lockdown last year, following a court ruling. Supreme Court judges found in favour of small firms receiving payments from Business Interruption Insurance policies. The ruling provides a lifeline to thousands of small businesses, allowing them to survive the coronavirus crisis, but could cost the insurance sector hundreds of millions of pounds and lead to higher premiums in the future. The financial watchdog, the Financial Conduct Authority (FCA), brought the test case, with eight insurers agreeing to take part in proceedings. The major business insurer Hiscox could see huge losses after being challenged by thousands of its policyholders as part of the case. Richard Leedham, who represented the Hiscox Action Group - on behalf of small businesses, told the BBC: "This is a landmark victory for a small group of businesses who took on a huge insurance player and have been fully vindicated. "What is important now is that Hiscox accepts the Supreme Court's verdict and starts paying out to its policy holders, many of whom are in danger of going under". Among the other insurance companies including in the test case are Arch, Argenta, MS Amlin, QBE and RSA - but over 60 insurers offered similar business insurance policies.  Last year, many small businesses made claims through business interruption insurance policies for loss of earnings when they had to close. Insurers refused to pay the claims, arguing only the most specialist policies had cover for such unprecedented restrictions. Insurance companies use phrases like an “act of God” to wriggle of of paying claims. Fortunately for policyholders, it was agreed that a selection of policy wordings should be tested in court, setting the parameters for what would be considered a valid claim. The court ruling provides guidance for over 700 policies, affecting 370,000 small businesses - although not all will benefit. Many small businesses paid annual premiums of over £1,000 for business interruption insurance, sometimes as part of a package of cover included with liability cover, and disease was covered. Many business owners formed a ‘Covid Claims Group’, calling for a quick resolution and settlement. Recent insurance policies would have been amended for new and renewing customers since Covid, so losses from the latest lockdown measures in different parts of the UK would be specifically stated as included, or not, in the cover of newer business interruption insurance policies. The advice is to read your policy document. Other Money News HSBC to close 82 branches in the UK China’s economy grew by 6.5% in last quarter of 2020 As London’s populations falls, will City Centres recover? Mastercard may have to pay millions of cardholders compensation following court ruling See also: Have you applied for the new lockdown grants? By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

Following the third Covid-19 lockdown, which started 5 January 2021, the UK Chancellor, Rishi Sunak, announced a further £4.6 billion in grants to the retail, hospitality and leisure sectors. This new round of support follows extensions to the job retention and loan schemes revealed on 17 December 2020. There may be more to come with the Budget on Wednesday 3 March 2021. New lockdown 3.0 grants  An extra £4.6 billion in lockdown grants has been directed at the worst affected sectors. New grants for closed retail, hospitality and leisure businesses have been introduced. The new grants are in addition to all other forms of support, such as the Lockdown Restrictions Support Grant (LRSG (Closed) Addendum) which applied to businesses that were forced to close between 5 November  and 2 December 2020. The new grants in England will be: £4,000 for businesses with a rateable value of £15,000 or under;   £6,000 for businesses with a rateable value between £15,000 and £51,000; and    £9,000 for businesses with a rateable value of over £51,000. In addition, £594 million is being made available for Local Authorities and the Devolved Administrations to support other businesses not eligible for the above grants, that might be affected by the latest restrictions. Businesses should apply to their Local Authorities. The Devolved Administrations will be receiving additional funding in line with the English measures, with £375 million for Scotland, £227 million for Wales and £127 million for Northern Ireland. The announcement of the new grants talks of helping business “through to the Spring”, with the Chancellor hinting that additional support measures are to come in the Budget on 3 March 2021.  Coronavirus Job Retention Scheme (CJRS)  The CJRS “job furlough” scheme is now running through to April 2021. According to Statistica.com, as of December 13, 2020, approximately 9.9 million jobs, from 1.2 million different employers were furloughed in the United Kingdom as part of the government's job retention scheme. The overall cost in 2020 exceeded £43 billion and continues to rise with more businesses forced to close in lockdown 3. On 17 December 2020 the Chancellor announced a further one-month extension of financial support under the Coronavirus Job Retention Scheme (CJRS) to the end of April 2021. As currently, the government will pay 80% of the salary of employees for hours not worked up to a maximum of £2,500. Employers will only be required to pay wages, National Insurance Contributions (NICs) and pensions for hours worked; and NICs and pensions for hours not worked.  Claims for furloughed employees can only be made for those who were employed and on payroll on 30 October 2020. The employer must have made a PAYE RTI submission to HMRC between 20 March and 30 October 2020, notifying a payment of earnings for that employee. This may differ where an employee has been made redundant, or they stopped working on or after 23 September 2020 and have subsequently been re-employed. Self-employed Income Support Scheme (SEISS) SEISS Continues. No changes to the SEISS were announced alongside the CJRS extension, as the SEISS already runs through to the end of April 2021. Details of the fourth SEISS grant that will cover the three months from February to April have not yet been released. How to apply for SEISS. Loan schemes Most schemes extended to 31 March 2021. On 17 December the Chancellor extended access to the Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS), and the Coronavirus Large Business Interruption Loan Scheme (CLBILS) until the end of March. Additional support measures In November 2020 the Financial Conduct Authority (FCA) published fresh guidance across a range of issues including mortgages and consumer credit and loans. The thrust of these was to limit the maximum payment holiday to six months, which had to be agreed three months at a time. Source: Tax Briefs. As the government hints at even tougher lockdown action, the Federation of Small Business estimates that 250,000 small businesses will go under this year. By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

The third Self-employed Income Support Scheme (SEISS) grant, announced by Chancellor Rishi Sunak on 5 November, has opened up for applications. This grant covers up to 80% of lost income between November and January. If you meet the eligibility criteria the grant will provide a lump sum up to £7,500 to cover up to 80% of your average trading profits.Beware of scams and only apply via the official Government claims portal, which you can do at any time until 29 January 2021. Once you apply, HMRC will check your claim and pay your grant into your bank account within six working days. You will get an email when your payment is on its way. To apply, or check eligibility, you will need the following official government information: Self-assessment unique taxpayer reference (UTR) – if you do not have this, find out how to get your lost UTR. National insurance (NI) number – if you do not have this, find out how to get your lost NI number. Government Gateway user ID and password – if you do not have a user ID, you can create one when you make your claim. UK bank details (only provide bank account details where a Bacs payment can be accepted) including the bank account number, sort code, name on the account and address linked to your bank account. You must make the claim yourself. Your tax agent or financial adviser must not claim on your behalf as this will trigger a fraud alert. We are expecting a fourth grant covering a percentage of average income from February to April 2021. Employees can still benefit from the ‘furlough’ Coronavirus Job Retention Scheme, paying 80% of a furloughed employee’s salary up to £2,500, which is being extended until the end of March 2021.Many self-employed people are slipping through the net and getting no support. Small business owners I speak to complain that they do not qualify for grants or even bounce back loans because they have recently set up their business or their profits are too low. Whilst there is always the option claiming income support benefits through Universal Credit, many self-employed people are still trying to keep their businesses going through the lockdown and are not technically unemployed. As the government hints at even tougher lockdown action, the Federation of Small Business estimates that 250,000 small businesses will go under this year. By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

The Transport Minister has announced that all international travellers will shortly have to provide proof of a test negative for Covid-19 before departing to the UK. Passengers arriving by plane, train or boat, including UK nationals, must take a test up to 72 hours before leaving the country they are in. Passengers arriving from countries which not on the government's travel corridor list must still self-isolate for 10 days, regardless of their test result. Mr Shapps told LBC the testing rule will come into force "likely on Wednesday or Thursday next week", and details of how to get tests abroad will be published on the gov.uk website. Under the new rules - which are expected to come in from next week - anyone who arrives in the UK and has not got proof of a negative test could face an immediate £500 fine. But there will be exemptions for: children under 11 hauliers those travelling from countries without the infrastructure to deliver tests - although details of those have not been released yet arrivals from the CTA Common Travel Area with Ireland. The rule will be UK-wide, although Northern Ireland said it had only "agreed in principle" and was working to solve any policy and operational issues. Non-essential travel abroad is not currently allowed in the UK, after lockdowns were brought in. Source: BBC News For further information and updates see:  Mandatory COVID-19 testing introduced to bolster border measures - GOV.UK (www.gov.uk)  https://www.gov.uk/government/news/mandatory-covid-19-testing-introduced-to-bolster-border-measures Virgin Media jacking up prices again – Richard Branson must need the cash to bail out his airline? How I saved £200 with one phone call. Are you claiming your self-employed coronavirus relief aid? By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

It’s not the strongest and fittest, but the most adaptable and flexible that survive a crisis 5 Quick Tips To Help Your Business Survive in 2021: If you haven’t done so already, get online and learn how to sell your goods and services to billions of people buying stuff on the internet every minute of every day. Stay open for business as much as legally possible when others close up. Increase your level of service instead of reducing it like most people do! Look for new opportunities which are always out there, especially in recessions. Check .gov website for any grants, support or relief available for your business. Lastly, hang in there and don’t despair! See also episode - 7 Steps to Transform Your Finances in 2021 Whatever New Year’s resolutions you make, set realistic, achievable goals and write them down! Here are my 7 steps to transform your 2021: Review your finances and start saving Review your consumer debts and credit cards Review you spending habits – Use the 3 R’s Review your utility suppliers – energy and mobile phone Review ISA and Pensions and use tax allowance Review your Will and inheritance tax liability Review Tax – have you submitted your tax return yet? Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See omnystudio.com/listener for privacy information.

Every year, we change from one year to another, but last year it seemed that we were changing from one tier to another!  This is a time to reflect on how things have gone for us, especially since 2020 was the strangest year in our lifetime. Of course, there have been losers, but there have been massive winners too. People running or adapting to an online business models have seen their wealth grow, while many traditional retailers have collapsed. The point is, it’s not the economy that matters is YOU and your U’Conomy Brexit has happened and the UK is now out of the European Union, but not out of Europe. We are entering an exciting new phase for the United Kingdom, which is now free to trade with the rest of the world on its own terms. For most people, life will go on unchanged, but there will be changes to our lives. If you run a business which exports imports goods you will need more paperwork. Companies like Amazon have already informed their sellers about what they need to do. The UK is largely a service-based economy and you can easily start a business offering services. Before Christmas most of the country went into higher tier restrictions and the Port of Dover was lined up with lorries on the motorway while the French blockaded the port of Calais – nothing new about that sort of behaviour from a country which still wants to fish in British waters after we leave the European Union! The UK was effectively put under martial law, with much of our freedoms and rights removed as we were told that we could not travel to different parts of the country. Will I need a Visa to go to Spain? I doubt it. EU passports were always checked or scanned. It was just quicker to stand in the EU line rather than the non-EU passport queue. Have you made a whole bunch of new year’s resolutions? It’s at this time of year when most people would join a gym or start a diet. This might not be possible at the moment, but our intentions are still good even if we don’t always stick to them. If your goal is to make more money will become financially free, then you’re in the right place. This year I will continue to bring you money tips to help you save and invest accumulate and enjoy more money. As we see many shops and physical businesses struggling, the fact is there has never been a better time to start an online business. Parcel deliveries and online purchases reached record levels last year. At the same time, we saw a major retailers like Debenhams, John Lewis, Arcadia and others close down stores or go into administration. Whilst it’s true that the coronavirus pandemic acted as a catalyst to speed up the decline of the High Street, the fact is some had been in decline for a number of years. Despite this, small businesses continue to open up shops and other physical businesses investing tens of thousands of pounds in the hope that customers would come through the door. I have seen so many small shops come and go in the last five years that I despair. Traditional retail businesses work on the basis of finding somewhere in the town centre where there is footfall, and opening up a premises which they usually rent from a commercial landlord who requires the owner to sign a lease with a personal guarantee. This means that unlike Arcadia’s billionaire owner Sir Philip Green, they are personally liable for the lease rental payments. They invest tens and even hundreds of thousands of pounds of their hard-earned savings, redundancy money or money borrowed against their home to open up a shop, fit it out and buy stock. Then they have rent, business rates, salaries, taxes and other running costs which let’s say cost them a further £50,000 a year - £1000 per week. The owners never seem to work out that you have to sell a lot of items costing between £1 and £10 just to cover the thousand pounds per week running costs, let alone your normal start-up costs. In most cases, the same business could be set up online through an Amazon store EBay or shopify for free, or at a fraction of the cost. There would be no staff costs or salaries, business rates and rent to pay. You would not even have to buy and store stock as this could be fulfilled from the supplier of the goods being sold. More importantly, the business concept could be market tested at a tiny fraction of the cost and time it takes to open a physical shop and find out six months down the road that people did not actually want the stuff that you were selling or could buy it cheaper elsewhere. In other words, someone opening an online business can avoid bankruptcy and financial ruin and would not even have to give up the daytime job whilst starting the business. I think you get the message. It is absolute madness for most businesses to open a shop in the High Street unless they have something that is tried and tested online and very deep pockets, like Apple. Even fast food can be sold and run online from non-retail sites. Most people don’t realise that companies like Amazon, eBay and Groupon have actually given smaller retailers the opportunity to compete with the giants. Amazon largely acts as a matchmaker for people selling their products to Amazon customers. It has made its owner, Jeff Bezos, one of the richest men on the planet. Huge companies like Uber and Airbnb, which made it stock-market debut last year, do not actually own cars or properties. They put customers in touch with hosts for a commission in the middle. These companies have become so successful and disruptive, that traditional businesses want to have them banned from their cities.   Did you know that you could also start a business acting as a matchmaker and selling other people’s products? That’s right, you don’t even have to invent or manufacture a product. There are millions of companies which will pay you a commission for introducing a customer to the product or service. Furthermore, you can set up an ‘affiliate marketing’ business - selling other people’s products - part time, for very little cost and run the business on your laptop or smartphone from your home or anywhere in the world for that matter! You don’t have to give up your job, re-mortgage your house or gamble your life savings to start making money online. Okay, if it’s that easy then why isn’t everybody doing it? Well, first of all millions of people are doing it, so you should be asking yourself why are you not doing it! In reality, the vast majority of people are simply not aware that this opportunity even exists. They think you have to invent a product or write a book or literally ‘reinvent the wheel’ in order to start a business. People spend years writing and perfecting a book or an idea only to find that nobody wants to buy it. You see people on shows like Dragons’ Den or Shark Tank who have spent hundreds of thousands of pounds on a product which they, or their relatives, thinks that everybody needs, but sadly nobody wants. I can hear some of you saying, “I’ve tried that affiliate marketing and it doesn’t work. “ Like any business, you need to know what you’re doing and will need to invest some time in learning. Fortunately, there are now many free resources and very inexpensive courses which can help you get started…watch this space! A have happy and successful 2021! There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

Whatever New Year’s resolutions you make, set realistic, achievable goals and write them down! Here are my 7 goals to transform your 2021:    Review your finances and start saving Review your consumer debts and credit cards Review you spending habits – Use the 3 R’s Review your utility suppliers – energy and mobile phone Review ISA and Pensions and use tax allowance Review your Will and inheritance tax liability Review Tax – have you submitted your tax return yet?   More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com   Coronavirus lockdown financial lesson  What changes should you make in 2021? Tourist tax plan will wipe out jobs Wealth-tax planned on middle class Will stamp duty holiday be extended? Biggest economic decline in 300 years UK national debt now exceeds £2 Trillion  Government borrowing will reach £394bn Average house prices reach an all time high Thousands trapped in unsellable leasehold flats Government extends ban on landlords evicting tenants  Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

In 2004, I attended an amazing three-day leadership Summit in Anaheim California. It was organised by the late great Jim ‘how to have your best year ever’ Rohn with a host of other speakers including Brian Tracy, Denis Waitley and Charlie ‘Tremendous’ Jones!   It was one of the best organised events I’ve ever attended. I bought a gold ticket and was given an allocated seats three rows from the front.   As I walked into this massive room with about 2000 people in attendance, there was a loud rock music playing and lights flashing with cameras flying all over the place recording every moment. To say the atmosphere was electric was an understatement. It was like an earthquake of energy.   I was pleased to have an allocated seat because I hate that scrum you get when the doors open. People charging up the aisles to reserve a good seat. This was civilised and organised.   During the intervals you didn’t have to queue up through one door to get out. All the side doors were opened and right opposite where the line of tables with a drink station of water and free coffee. There are no long queues and waiting 20 minutes to get a coffee.   I sat down on my seat and said hello to the people either side of me, one of whom was a friendly young guy called Jeff Roberti.   I got chatting to him and asked him what he did. He said he was a network marketing.   Immediately I thought, okay, struggling multilevel marketing who has invested a fortune in stock pod up in his garage and he’s not making any money. My assumption could not be further from the truth.   Turns out Jeff had gone from being a waiter in Florida to joining a vitamin company and building a massive worldwide team. At the time I met him, he had just passed the “$50 million in commissions”. I later had a chance to meet Jim Rohn who knew Jeff very well and confirmed his $50 million success story. I contacted Jeff 10 years later and he was pushing $100 million and still with the same company.   Later that day, one of the speakers gave us an exercise. He asked us to turn to the person next to us and exchange our number one best tip for success.   I turned to Jeff and he started with his tip.   He became very serious and looked me in the eye and said:   “Charles, if you want be successful you have to focus on one thing at a time and keep doing that thing to the best of your ability until you succeed”   He added that when he was a waiter, he was the best waiter in the restaurant and when he joined the vitamin network marketing company, he gave it everything he had with all of his focus and attention.   Then he said okay now it’s your turn.   How the hell can I follow that? What am I going to say to him? He is my tip to make another $50 million! I can’t even remember what I said but I mumbled some rubbish and he thanked me.   What am I saying here? Am I telling you to join a network marketing company, no! You have to find whatever is right for you, but whatever it is, you must focus with all your attention and energy on that.   Nowadays, we are bombarded by millions of messages and advertisements on social media, email and television all seeking our attention.   People find it so hard to focus and concentrate that they can barely finish a book.   It’s so easy to hop from one thing to another chasing that shiny penny like a lost butterfly.   I’ve just completed a mindfulness course and part of being mindful is developing the ability to focus. Focusing on your breathing for instance.   Most people find it difficult to focus on one thing at a time. Their minds drift from subject to subject like a butterfly. Mindfulness teaches you to keep coming back to your breathing. Just focus on your breath.   In your business and career this can often lead to a lack of success.   The ability to focus is crucial to success in any endeavour.   I once heard a talk by Brian Tracy who said that he was always amazed that the dumbest kid in the class often turned out to be the most successful. He joked at how it is always so annoying to find that somebody dumber than you, is richer than you.   What Brian was really talking about was that they are the people that just focus on one thing rather than multi-tasking on dozens of things.   My mother told me a story about when she was growing up in Ireland in the 1940s. There was one boy in class who are so dumb that he tried to push a donkey with two baskets on its back through an narrow gate. Everybody could see that there was no way the donkey could get through with two baskets either side of his back. At this boy did was to keep pushing it.   A few years later houses in rural areas were being wired for electricity. This same “dumb” boy watched how they did the job and somehow picked up on it.   He then went on to wire every house in the area making a substantial amount of money and building a new business. That’s all he focused on wiring houses.   Of course, being branded as dumb just because you are not academic is entirely wrong and discriminatory. Just because somebody is not academic it does not mean that they are not intelligent or ignorant. After all, not everybody is interested in the classics, literature and poetry – the sort of knowledge that Napoleon Hill described as the kind of “general” or non-specialised knowledge is not needed to make a fortune.    We now though that IQ, largely measured by solving problems, is not the only measure of intelligence.   Footballers are often mocked because they appear to be stupid and inarticulate and uneducated. This is a snobbish middle-class view of intelligence.   Wayne Rooney was ridiculed for being stupid in the media. Yet he had an amazing ability on the field to analyse complex positions and situations of play. He could judge the accuracy of the shots or pass with uncanny ability. He could also time a header or an overhead kick of a ball flying through the air at 50 mph and score a goal. Just because he lacked academic ability, because he spent his youth focusing solely on developing his skills as a footballer, does not mean that he is dumb.   If you want to have your best year ever, use mindfulness and focus to concentrate on the really important things that matter to you and your family most. Don’t waste your time on distractions or get hung up because you can’t answer the questions on Who Wants to be a Millionaire!   Set your goals and targets and keep focusing on them. And when you mind wanders, keep “coming back to the breath”.   I wish you a very merry Christmas and a happy and prosperous new year!   More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

What changes should you make in 2021? More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com   London goes in Tier 3 Tourist tax plan will wipe out jobs Wealth-tax planned on middle class Will stamp duty holiday be extended? Biggest economic decline in 300 years UK national debt now exceeds £2 Trillion  Government borrowing will reach £394bn Average house prices reach an all time high Thousands trapped in unsellable leasehold flats Government extends ban on landlords evicting tenants  Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

As the vaccine rollout starts, will the drug companies make huge profits and should you follow Warren Buffett by investing in big pharma shares?  More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com   Tourist tax plan will wipe out jobs Wealth-tax planned on middle class Will stamp duty holiday be extended? Biggest economic decline in 300 years UK national debt now exceeds £2 Trillion  Government borrowing will reach £394bn Average house prices reach an all time high Thousands trapped in unsellable leasehold flats Government extends ban on landlords evicting tenants  Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com  See omnystudio.com/listener for privacy information.

Luxury goods and hospitality sector urge Rishi Sunak to drop planned tourist tax Harrods look dead just two weeks before Christmas Brexit negotiations in deadlock as deadline looms GDP slows prompting more recession fears More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com   Wealth-tax planned on middle class Will stamp duty holiday be extended? Biggest economic decline in 300 years UK national debt now exceeds £2 Trillion  Government borrowing will reach £394bn Average house prices reach an all time high Thousands trapped in unsellable leasehold flats Government extends ban on landlords evicting tenants  Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

In case you’re wondering how we are going to pay back all of this money that the government have printed and borrowed this year, take a look in the mirror. A one-off tax grab on wealth above £500,000 could recover much of the £280 billion the government has spent fighting coronavirus this year, according to a group of experts. A commission was set up led by assistant Professor Arun Advani at Warwick University last April to look into a wealth tax in Britain. Measures being considered include a 5% levy on: housing pensions business equity and  savings wealth.  At £500,000, around 8 million Britons, or one and six adults, would be hit by the wealth tax.  Setting the threshold at £1 million would raise roughly half this amount and at £10 million would raise just £43 billion from 22,000 people.  The average three-bedroom house in most of the south-east cost the best part of half a million. Stealing people’s money is not uncommon in Europe. Let’s not forget Cyprus where the government stole its citizens bank balances to pay for their mess.  Phasing out cash for digital currency would obviously make this much easier. Currently there is around £50 billion of cash in circulation. An Economist I know told me recently that he was looking into the average person’s bank balance and found it had gone up by £8000 this year due to reduced spending. There is further bad news on the horizon for property owners as the government steps up measures to meet climate control targets. The average bill for householders could be as high as £8000 to make their homes more energy efficient. Fossil burning boilers will be phased out by 2028 and gas boilers by 2030.  The government is expected to bring forward the ban gas boilers on new homes from 2025 to 2023.  The government are also expecting us to eat 9% less meat by 2025 and 20% less by 2030 and also to reduce our consumption of dairy products by 20% over the next 10 years.  We will also be forced into exchanging our old petrol cars for overpriced electric vehicles, that’s assuming their will be any road space left on which to drive them! This week, Boris Johnson is making last ditched attempt to secure a deal with the European Union. Personally, I think we will end up with a watered down, fudge of a deal we concessions being made on both sides. The stock market went up on use of the vaccine but the pound went down on fears of a no deal Brexit! The shops are blooming it again following the end of the lockdown and supermarkets had the best month ever in November.  More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com   Will stamp duty holiday be extended? Biggest economic decline in 300 years UK national debt now exceeds £2 Trillion  Government borrowing will reach £394bn Average house prices reach an all time high Thousands trapped in unsellable leasehold flats Government extends ban on landlords evicting tenants  Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

The national debt reached £2.08 trillion by October 2020, up £276.3bn since the start of the financial year. Monthly borrowing, required because the treasury is spending more than it earns in taxes due to the recession, reached over £40bn in April and close to that again in May of this year following the first lockdown. Borrowing is on target to exceed £300bn for the year since the start of the coronavirus crisis. The UK economy bounced back in the third quarter, but will falter again due to the current second lockdown which is killing businesses and jobs. Two more high street clothing chains went into administration this week putting thousands more jobs at risk. UK debt exceeds the size of the UK economy, with debt having reached 100.8% of the country's gross domestic product (GDP). Debt levels of this magnitude have not been seen since the early 1960s while paying off the debts of World War Two. Whilst the government always repays debt on due dates, it has to borrow new money - and take on more debt - to do so, like people do when living on credit cards or “robbing Peter to pay Paul”. More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com   Property prices fall in London Job Furlough Scheme extended UK state pension age rises to 66  How a crash will affect your pension plan House prices rise will reach all time high Why live in expensive town centres anymore? Thousands trapped in unsellable leasehold flats Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com Heal your money wounds the Japanese way with Ken Honda Japan’s #1 bestselling personal development guru. Ken will take you on a journey where he will teach you the Japanese art of healing your money wounds and making peace with your money. Too often, money is a source of fear, stress, and anger, often breaking apart relationships and even ruining lives. We like to think money is the centre of our lives and everything depends on our financial status, but Ken challenges our beliefs to install more liberating perceptions of money and delivers concrete tools that have the power to change your life. Click to join his free masterclass – Click: https://bit.ly/2GqyYkiSee omnystudio.com/listener for privacy information.

Buy to let landlords and property investors could be hit with another tax blow to the solar plexus.     Someone has to pay for all of this money they are printing and throwing around, so why not even investors saving for their retirement? Who is going to have sympathy for them?   Estate agents report a sharp fall in activity and asking prices in the London property market.   Larger houses in the suburbs are in demand but the flats and London properties sales are sluggish and have dropped off sharply since the summer mini-boom.   UK economy recovered in the third quarter but slowed after the end of the heat out to help out campaign ended.   UK economy recovers in third-quarter but is expected to slow in the last quarter following the second lockdown.   Last week, the Chancellor, Rishi Sunak announced a raft of new stimulus measures, which could cost the Treasury £6billion on top of billions already spent this year propping up the economy.    Mr Sunak also increased grants for self-employed workers to 40 per cent of the average profits, up to a maximum of £3,750 a month, which could cost about £3billion.   Government borrowing was revealed to be running at £1billion a day during the pandemic.    More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com     New Job Support Scheme Welsh Government lockdown UK state pension age rises to 66  Emergency help for energy bills - Ofgem How a crash will affect your pension plan House prices rise will reach all time high How to avoid bankruptcy in business Is this the end of office work as we know it? Why live in expensive town centres anymore? Thousands trapped in unsellable leasehold flats Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.    Are you ready to adapt to the new economic model?   As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.   If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com   Heal your money wounds the Japanese way with Ken Honda Japan’s #1 bestselling personal development guru. Ken will take you on a journey where he will teach you the Japanese art of healing your money wounds and making peace with your money. Too often, money is a source of fear, stress, and anger, often breaking apart relationships and even ruining lives. We like to think money is the centre of our lives and everything depends on our financial status, but Ken challenges our beliefs to install more liberating perceptions of money and delivers concrete tools that have the power to change your life. Click to join his free masterclass – Click: https://bit.ly/2GqyYki See omnystudio.com/listener for privacy information.

Pressure is mounting on the UK government Chancellor Rishi Sunak to extend the stamp duty holiday in order to avoid thousands of property purchases falling out of bed because they cannot meet the 31 March deadline. Experts warn thousands of property transactions will run out of time and collapse  Thousands of Mortgages approved on the basis that no stamp duty is payable  Tens of thousands will miss the 31 March stamp duty holiday deadline Borrowers could have to find up to £15,000 more to fund their purchase Lenders were may withdraw mortgage offers, causing thousands of transactions to collapse Not enough man power in the market to get these transactions through before 31 March 2021  Mortgage processing delays, shortage of surveyors and solicitors available to complete legal work  Bank of England figures published this morning reveal a spike mortgages approved in October Mortgages up 5.9% on previous month to 97,532 and 51% up on the same period last year.  HMRC figures showed housing transactions hit 105,630 last month, up 9.8% on September 2020  Transaction completions generally follow mortgage approvals by between three and five months Zoopla is predicting transactions in December to hit 140,000, the highest December since 2006 Mortgage rates rising despite record low Bank of England base near zero lending rates Mortgage lenders hiking rates amid the scramble taking advantage of borrowers’ panic  Anthony Codling of property analysis firm Twindig said: 'The average rate for a new 95 per cent 2 year-fixed rate mortgage was 4.09 per cent in October 2020, an increase of 35 per cent since the start of 2020, according to the Bank of England. House prices shrugged off the economic hit from Covid-19 have risen by about 6% this year Andrew Wishart, UK economist at the research house said: 'The usual channels through which a recession hits the housing market, of rising unemployment and mortgage payment difficulties, have been mitigated by the furlough scheme, mortgage payment holidays, and a moratorium on repossessions.  'Meanwhile, the market has been boosted by pent up demand from the first lockdown, a revaluation of space needs due to working from home, and an extra kick from the stamp duty holiday.  'But the policy support that has protected and boosted the market this year is due to be withdrawn in 2021, just when we expect the unemployment rate to peak at 7%. 'The housing market has never escaped unscathed from a drop in employment of the scale we forecast.  'In fact, in isolation the historical relationship between employment and house prices suggests a 25 per cent house price crash is in the offing. Our view, however, is that an annual fall closer to 5 per cent in Q4 2021 is more likely.'  Tombs added: 'The outlook remains exceptionally unclear, given that government policies might change; the stamp duty holiday could be extended, or the government might follow through on plans to introduce a new mortgage guarantee scheme.' Source: This is Money.co.uk Other Financial News   25,000 retail jobs in jeopardy as Debenhams and Arcadia collapse Businesses may force us to be vaccinated says government minister  Growing divide between rich and poor and north and south of England   More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com   Philip Green’s Arcadia could go bust He is in Monaco sitting on his billions Buying Arcadia and BHS, a classic BRR He bought businesses and got his cash out Mike Ashley wants to buy the assets cheap Business Buying Opportunity Webinar UK introduces Tier system lockdowns Biggest economic decline in 300 years UK national debt now exceeds £2 Trillion  Government borrowing will reach £394bn Average house prices reach an all time high Property marketing slows down in London How a crash will affect your pension plan Why live in expensive town centres anymore? Thousands trapped in unsellable leasehold flats Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

As most of the UK goes into the second lockdown this year, Chancellor Rishi Sunak has changed direction by extending the furlough scheme until the end of March and promising more generous help for self-employed people. Barely a week ago the Chancellor announced £22 billion package of aid for businesses affected by Covid restrictions, but infection rates have continued to climb forcing the government to adopt a new approach. Support through the Self-Employment Income Support Scheme (SEISS) will be increased, with the third grant covering November to January calculated at 80% of average trading profits, up to a maximum of £7,500. However, millions of small business owners are slipping through the net and will not qualify for any help. Stock markets went up and house prices have hit new highs following the bad news during the worst economic crisis since the second world war! More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com   Job Furlough Scheme extended UK state pension age rises to 66  How a crash will affect your pension plan House prices rise will reach all time high Why live in expensive town centres anymore? Thousands trapped in unsellable leasehold flats Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com Heal your money wounds the Japanese way with Ken Honda Japan’s #1 bestselling personal development guru. Ken will take you on a journey where he will teach you the Japanese art of healing your money wounds and making peace with your money. Too often, money is a source of fear, stress, and anger, often breaking apart relationships and even ruining lives. We like to think money is the centre of our lives and everything depends on our financial status, but Ken challenges our beliefs to install more liberating perceptions of money and delivers concrete tools that have the power to change your life. Click to join his free masterclass – Click: https://bit.ly/2GqyYki  See omnystudio.com/listener for privacy information.

Key points to consider:   The UK government is pumping billions into the economy and… Asset prices usually inflate after a fiscal stimulus, as they did after 2008 Property has been on a 12-year bull run and prices are at an all-time high Stamp Duty holiday, Furlough and tenant protection will end by March 21 OBR report for government says property prices will fall by 8% next year Anti-landlord legislation and taxes could push investors into selling mode Interest rates are at an all-time low and are expected to remain low for years Government 5% deposit help scheme could boost first-time buyer purchases   More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com   Philip Green’s Arcadia could go bust He is in Monaco sitting on his billions Buying Arcadia and BHS, a classic BRR He bought businesses and got his cash out Mike Ashley wants to buy the assets cheap Business Buying Opportunity Webinar UK introduces Tier system lockdowns Biggest economic decline in 300 years UK national debt now exceeds £2 Trillion  Government borrowing will reach £394bn Average house prices reach an all time high Property marketing slows down in London How a crash will affect your pension plan Why live in expensive town centres anymore? Thousands trapped in unsellable leasehold flats Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com The 2020 business buying opportunity webinar will reveal: The 10 strategies and tactics which have CHANGED as a result of lockdown Three compelling reasons why now is the right time to buy a business and why you just can’t miss out Why the number of businesses coming to market over the next twelve months will at least triple - and it’s not just because of Coronavirus How to, without insulting the seller, lower the price by at least 50%, with one simple sentence The real secret of finding businesses to buy – and it’s not cold calling or LinkedIn Why Business Brokers are now your friend – even though for years I’ve been saying that they are the enemy... Your webinar host Jonathan Jay: "During lockdown I completed the purchase of SIX business, without meeting anyone face to face and without leaving my home. And I have another three at exchange, about to complete. But here’s the best part – because of the lockdown, the deal structure changed overnight and this combined £3m a year annual revenue became mine, WITHOUT any of my personal cash invested." Join Jonathan on Wednesday, 2nd December to find out how to utilise his exact strategy. Claim your spot now!  Click for more details - https://bit.ly/36dbTvS  See omnystudio.com/listener for privacy information.

Register now for life-changing BLACK FRIDAY exclusive business skills offers: https://bit.ly/39fNPKQ   Headlines Economic output falls 11.8% worst for 300 years Unemployment will rise to 7.5% or 2.6 million by Q2 2021 Borrowing now at £394 billion, national debt £1 trillion Millions face work-based pensions cut Public sector worker pay freeze Overseas aid budget cut Council tax set to rise Markets still riding high despite downturn Britain’s largest estate agent in rescue plan More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com Property prices fall in London Job Furlough Scheme extended UK House prices rise will reach all time high Why live in expensive town centres anymore? Government extends ban on landlords evicting tenants Self-employed, have you claimed your government grant? Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Register now for life changing BLACK FRIDAY exclusive business skills offers: https://bit.ly/39fNPKQ Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com Get exclusive, MASSIVE discount offers, plus receive instructions on what to do, & when. Register now to be the first one to know! In times of disruption and lack of control, this is one way YOU can secure your financial future. This is ultimately the BEST time to start gaining new business skills, a new mindset or a new income stream. Register now for life changing BLACK FRIDAY exclusive business skills offers: https://bit.ly/39fNPKQ    See omnystudio.com/listener for privacy information.

Chancellor announces £22 billion package of aid for businesses affected by new covid restrictions. Rishi Sunak promised grants of up to £2,100 a month for ‘Tier 2’ companies that are not forced to close but are struggling to be commercially viable. As many as 150,000 businesses could qualify for the payments, which could cost the Treasury £1.2billion.  The new Job Support Scheme replaces the furlough and will be extended to firms that are legally allowed to open. It will be more generous allowing employers to pay just 5 per cent of staff wages, while the minimum threshold for hours worked will be reduced to one day. If an estimated two million people enrol, it could cost the Treasury £6billion.  Mr Sunak also increased grants for self-employed workers to 40 per cent of the average profits, up to a maximum of £3,750 a month, which could cost about £3billion. Government borrowing was revealed to be running at £1billion a day during the pandemic.  More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com   New Job Support Scheme Welsh Government lockdown UK state pension age rises to 66  Emergency help for energy bills - Ofgem How a crash will affect your pension plan House prices rise will reach all time high How to avoid bankruptcy in business Is this the end of office work as we know it? Why live in expensive town centres anymore? Thousands trapped in unsellable leasehold flats Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com Heal your money wounds the Japanese way with Ken Honda Japan’s #1 bestselling personal development guru. Ken will take you on a journey where he will teach you the Japanese art of healing your money wounds and making peace with your money. Too often, money is a source of fear, stress, and anger, often breaking apart relationships and even ruining lives. We like to think money is the centre of our lives and everything depends on our financial status, but Ken challenges our beliefs to install more liberating perceptions of money and delivers concrete tools that have the power to change your life. Click to join his free masterclass – Click: https://bit.ly/2GqyYki See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

Today in Parliament, Boris Johnson announced further lockdown measures and business closures in selected cities where infection rates have increased.  Liverpool and Nottingham are among the cities where businesses such as gaming will be forced to close.  Last week, Chancellor Rishi Sunak Employees announced that people working for UK firms forced to shut by law because of coronavirus restrictions will receive two-thirds of their wages paid for by the government. The scheme starts on 1 November for six months and could cost hundreds of millions of pounds a month according to a Treasury source speaking to the BBC. The leisure and performing arts sectors have been hit hard and will welcome government new aid announced by the Culture Secretary, Oliver Dowden. Venues and organisations including Liverpool’s famous Cavern Club and the London Symphony Orchestra will receive a share of £257m government arts funding. Markets have barely reacted to the poor economic forecasts and the property market is up in most areas. Other articles available at Money Tips Podcast - www.moneytipsdaily.com   UK state pension age rises to 66  How will a crash affect your pension? House prices rise to reach all time high How to avoid bankruptcy in business Will demand for HMO rooms rise or fall? Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com Heal your money wounds the Japanese way with Ken Honda Japan’s #1 bestselling personal development guru. Ken will take you on a journey where he will teach you the Japanese art of healing your money wounds and making peace with your money. Too often, money is a source of fear, stress, and anger, often breaking apart relationships and even ruining lives. We like to think money is the centre of our lives and everything depends on our financial status, but Ken challenges our beliefs to install more liberating perceptions of money and delivers concrete tools that have the power to change your life. Click to join his free masterclass – Click: https://bit.ly/2GqyYkiSee omnystudio.com/listener for privacy information.

The state pension ‘Ponzi’ scheme becomes harder to fund as people live longer and the demographic ratio of working to retired people changes. There is no fund and the scheme relies on new entrants to pay out people in retirement. The age at which the majority of UK retirees qualify for the state pension has now officially changed to 66 following rises in the qualifying age in the last few years. For men and women born between 6 October, 1954, and 5 April, 1960, they will miss out on at least one year of state pension income and will only start receiving their pension – worth up to £175.20 per week - when they reach age 66. It gets worse for those born later. The government will gradually phase in an increase in the state pension age to 67, and 68. Eventually, we will all have to work until 70 to get a state pension. Use the government's calculator to find out your state pension age Rishi Sunak, the UK chancellor, said he will maintain the "triple lock" pledge under a conservative government. This means the state pension will increase each year in line with the highest of average earnings, prices (as measured by inflation) or 2.5%. How will you be able to afford to retire? Other articles available at Money Tips Podcast - www.moneytipsdaily.com How will a crash affect your pension? House prices rise to reach all time high How to avoid bankruptcy in business Will demand for HMO rooms rise or fall? Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com Heal your money wounds the Japanese way with Ken Honda Japan’s #1 bestselling personal development guru. Ken will take you on a journey where he will teach you the Japanese art of healing your money wounds and making peace with your money. Too often, money is a source of fear, stress, and anger, often breaking apart relationships and even ruining lives. We like to think money is the centre of our lives and everything depends on our financial status, but Ken challenges our beliefs to install more liberating perceptions of money and delivers concrete tools that have the power to change your life. Click to join his free masterclass – Click: https://bit.ly/2GqyYkiSee omnystudio.com/listener for privacy information.

You may have heard the saying, “rich as Croesus”. Meaning that you have to exceeding wealthy to be richer than the king of Lydia in Asia Minor in 560 BC. He is believed to be the first person to mint coins as “money” from gold, although I visited a ruin in Rome where the Italian guid said the Romans first minted coins and coined the phrase which became known as money. Why was Croesus fabulously wealthy? He formed and controlled his own currency which dominated the region. Now others want to form their own currency and dominate the financial markets.  Is it a currency or just a speculative investment? But are cryptocurrencies, such as bitcoin, the answer or are they, in the words of Warren Buffett, a “mirage”? Buffet has called it wrong on previous technological revolutions, but you have to sit up and listen to one of the greatest investors and richest men in the world.  The leading and most well-known cryptocurrency is bitcoin. In the last five years, the price of a single digital bitcoin has risen from $263 to over $10,000.  However, it rose to $17,000 in 2017 and failed to just over $3000 a year later. It has doubled in price since March 2020, as soon investors sought a “safe” haven for their cash during the financial crisis.  What is Cryptocurrency? Cryptocurrency is a digital assets design to become a medium of exchange where individual coin ownership records are stored on a ledger in the form of a computerised database records known as the blockchain. The US dollar is the world reserve currency, which gives America a tremendous advantage because other countries need to change their currency into dollars to trade internationally.  China is launching its own digital currency based on its paper currency, the Yuan. Although not the same as a cryptocurrency, China would like to break America’s dominance in the financial markets and become the most widely used international currency.  How do you buy a Cryptocurrency such as a bitcoin? The answer is you exchange your real money dollars or pounds for digital bitcoin stored in a “wallet”, which comes in various forms.  When you sell it, you get back your dollars or pounds. Bitcoin is not a practical and real currency accepted by markets and governments. You cannot go down to your local supermarket and pay for your shopping in crypto currency. Well, not yet. Digital currency is definitely coming as the banks try to phase out money using “Covid 19” as a convenient excuse, but whether this will be in the form of bitcoin is another question.  Furthermore, if you accepted payment in bitcoin in December 2017 when the price of one coin was equivalent to $17,000, a year later that bitcoin would be worth $3000. There are many other contenders for the digital currency market, including powerful companies like Facebook with their libre currency.  Some form of digital currency will eventually replace paper money, but that will be a sad day for all of us. Money in your pocket represents a bit of freedom and more difficult for banks and governments to take it from you.  Other articles available at Money Tips Podcast - www.moneytipsdaily.com   Trump tests positive for Covid 19 Have you made a Will and is it valid? UK house prices soar 5% in September How to avoid bankruptcy in a business Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats New Job Support Scheme unveiled by UK Chancellor 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com  See omnystudio.com/listener for privacy information.

UK house prices were up 5%, the highest growth rate in four years, in September year on year, according to the Nationwide Building Society’s lending data. Mortgage lending also rose, reaching a 13-year high, as the property market experienced increased post-lockdown demand. However, job loss fears and tighter mortgage lending criteria forced many young people to delay buying a property. Activity has partly increased due to the temporary stamp duty holiday, which means no tax is paid on the first £500,000 of all property sales in England and Northern Ireland until the end of March. However, some estate agents are saying that there is a “mixed bag” of demand, with some properties selling faster than others, for instance four-bed houses with space for a home office. London based agents are reporting a “buyers’ market” with room for negotiation on properties for sale in the capital. Maybe the new ‘work from home’ pattern is encouraging young people to move out of city centres, where they have more space and can afford larger properties?  Other articles available at Money Tips Podcast - www.moneytipsdaily.com   Have you made a Will? How will a crash affect your pension? House prices rise to reach all time high How to avoid bankruptcy in business Will demand for HMO rooms rise or fall? Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats New Job Support Scheme unveiled by UK Chancellor 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

Following the tragic loss of a dear friend and business partner this week, I was reminded of just how precious and fleeting life can be. We all should make the best of our time on this earth.   She certainly packed more into her short life than most people would in three lifetimes.   Someone once said that there are two things certain in this life:   Death and taxes!   We’re all going to die one day, but unfortunately, taxes, and other financial liabilities, do you not die with you. The government still wants its share of your estate before it is passed on to your beneficiaries.   Even though you build up your savings and property from money on which you have already paid tax, the taxman still puts his hand out for a cut when you die so that the government can spend it. Each year, HMRC collect’s around £5 billion in inheritance tax (IHT) from ordinary families, as well as the rich. Politicians on the left would like to see this increase, as they do not believe children should inherit wealth.   You cannot change the system, but you can take steps to legally mitigate inheritance tax liabilities. See my article on the billionaire Duke of Westminster who legally avoids several billion pounds inheritance taxes. Even the staunch left-wing socialist MP Tony Benn used trusts to avoid inheritance tax on his substantial estate before he died.   You need to take advice on IHT planning, but three of the common methods used are:     Wills Trusts Life Assurance     Where there’s a will there’s a relative.   There’s an old saying, “where there’s a will there’s a way”, but there is also a saying, “where there’s a will there’s a relative!”   When somebody dies, relatives you haven’t see for years turn up from all over the place.   Even if you think you don’t own very much, you should make a Will.   If you die without a Will, known as dying intestate, the state will make one for you and distribute your assets in accordance with the laws of intestacy. Furthermore, if no beneficiaries can be found when you die, your estate will go to the state!   Here are some points to consider.   Make a Will even if you think your situation is simple and you don’t see the point because you are going to “leave everything to your spouse or children”. Wills can include ‘expression of wishes’, such as whether you want to be buried or cremated, where you would like to be buried and the type of funeral service you prefer. Have it done professionally preferably by your solicitor or a Will specialist. You can buy basic Will online or at WH Smith’s, but I wouldn’t recommend it, as it needs to be prepared properly in order to be valid. You don’t want relatives turning up challenging the Will or claiming that it is not valid for one reason or another.   Make sure that people can find your Will. Your solicitor can hold the original, but you also need to let people know you’ve made a Will. Burying it away in a drawer or in a box in the loft is not the best place.    How will your family pay for your funeral? Do you have insurance, a funeral plan or a pre-paid funeral with a reputable firm?   People often do not realise that when a loved one dies, their financial assets, such as bank accounts, are effectively frozen. In other words, your family will not be able to access your money until a grant of probate has been given, which could take several months or even years in more complex cases.    A basic funeral costs between £3000 and £5000, which will have to be paid for upfront. In addition, there are also costs for a graveyard plot, as well as cemetery or crematorium fees.   Make sure you have adequate life assurance if you have dependents.   You should also take advice about putting your insurance cover into trust so that it does not form part of your estate upon death, which means the money from the policy will also be paid out to beneficiaries far quicker without the need to wait for probate.    I was in financial services for over 25 years and almost everybody I met was underinsured. Husbands who were the main breadwinners would often say things like, “well, she’s got the house hasn’t she?“.   People even have mortgages that are not protected by insurance. Clearing debts upon death should be your first priority unless you have no dependents.   Think about inheritance tax. Thousands of ordinary families with just one property have been hit with huge inheritance tax bills. You may want your family home to be preserved by your children, but the property may have to be sold quickly to pay inheritance tax.   You can also make use of lifetime allowances to gift monies to children or grandchildren.   Finally, don’t leave things to chance and take professional advice from your solicitor or financial adviser. This is not something for the DIY enthusiast!   Other articles available at Money Tips Podcast - www.moneytipsdaily.com   How will a crash affect your pension? House prices rise to reach all time high How to avoid bankruptcy in business Will demand for HMO rooms rise or fall? Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.   If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

UBI or a universal basic income has been talked about by governments and think tanks for years. Now Germany has started an experiment to see if UBI can replace some of the income from the millions of jobs – both blue and white collar - expected to be lost to robots, machines and AI. Switzerland and Finland have previously ran UBI pilot schemes. Driverless vehicles alone will wipe out tens of millions of jobs and AI is replacing white collar jobs in banking and investment, law and accountancy. Over 28 million people, or almost one fifth of the American workforce, were collecting some form of unemployment payment in the week ended 1 August, the BBC reports. Other articles available at Money Tips Podcast - www.moneytipsdaily.com   Apple is first US company to hit $2 trillion M&S to shed 7000 office and retail jobs John Lewis and Debenhams close stores Third of UK employers plan further job cuts UK economy shrinks by 20% April to June 2020 UK is officially in recession after successive GDP falls One in three UK employers plan more redundancies Redundancies soar fivefold despite furlough scheme Unemployment to double 7.5% and economy slump 9.5%  Half as many jobs are being advertised compared to 2019 Self-employed, have you claimed your government grant? Base rate held at 0.1%, interest rates to stay low for 5 years Lenders not passing on rate cuts and mortgage rates going up! The end of furlough sees millions more unemployed this autumn UK house prices reached a new all-time high in July as buyers return UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com  See omnystudio.com/listener for privacy information.

On 9 August 2016, 25-year-old Hugh Richard Louis Grosvenor became the billionaire 7th Duke of Westminster, when his father, Gerald Grosvenor, suddenly died of a heart attack aged 64.  The Duke and his family are estimated to be worth at least £10.1 billion (US$13 billion), according to the Sunday Times Rich List in May 2019. The exact amount of wealth is difficult to estimate, since most of it is held in trusts.  The current Duke is the world's richest person aged under 30. Other families appear higher on the Sunday Times list, but privately held property is undervalued compared to company shares on the stock market, and very few people have stayed in the top 10 as long as the Dukes of Westminster.   How have this extraordinary family maintained their vast wealth, passing down through the generations for 300 years? As the Chinese say, most family fortunes disappear after only three generations. The first reason is smart tax planning. If the Grosvenor estate been bequeathed directly to the young Duke, he would been liable for 40% inheritance tax, not far off the Treasury’s death duty take for the last financial year. Inheritance tax (IHT) usually involves selling off assets in order to pay the tax, which would wipe out the fortune within a few generations. Hugh Grosvenor, like his father, legally avoided a massive amount of tax on his £10bn inheritance because the majority of assets within the estate are held in trusts. UK trust law ensures the survival of many of the country’s largest fortunes, while less wealthy people and increasing the middle classes are forced to sell off family homes to cover IHT demands.  The second reason their wealth is still growing for centuries is the use of leases. The Grosvenor Estate’s assets includes a privately owned property business which has £11.8bn of prime property under management. The 300-year-old London property business started in 1677 with 500 acres of then rural land covering much of Mayfair and almost all of Belgravia – adjacent to Buckingham Palace and the home of Harrods in exclusive Knightsbridge.  Grosvenor’s international property portfolio range from office space in Silicon Valley, a science park in Edinburgh and the freehold on the current US embassy in Grosvenor Square. Perhaps the most famous and exclusive streets in the empire is Eaton Square, built close to the Houses of Parliament during the housing boom after the Napoleonic wars. There was recently a listing on Rightmove for a flat in Eaton Square for only £600,000. I thought, wow, that’s a bargain for an exclusive address in Knightsbridge. Alas, I looked closer I discovered that it was not such a bargain because the remaining lease was only 5 years. The key to keeping hold of their assets is the use of leasehold titles, which means the freeholds eventually comes back to the family. The final factor for keeping wealth together, and perhaps the most important, is that the family take the long view and employ long term planning.  Whilst most people plan to leave a legacy for their children or grandchildren, the Grosvenors, and other super wealthy families like the Rothchild’s or Rockefellers, think several generations ahead and have a wealth preservation strategy. The previous Duke saw himself as the custodian of the family fortune and struggled with the burden of keeping it all together. The responsibility even led to his depression. The fact that the business is largely made up of investment property from residential to some of the biggest farms in Britain is obviously a major factor compared to a family business which can go out of fashion or fail to adapt to changes. However, thousands of property businesses have gone by the wayside and the UK is littered with country estates now owned by the National Trust because the once wealthy aristocratic families could no longer afford to maintain them. Summary 3 factors have kept the Grosvenor’s fortune intact: Trusts Tax planning Long term planning Other articles available at Money Tips Podcast - www.moneytipsdaily.com   Is the stock market about to crash?  How will a crash affect your pension? House prices rise to reach all time high How to avoid bankruptcy in business Will demand for HMO rooms rise or fall? Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

Could Wall Street tech stocks sell-offs and poor economic outlook indicate another market correction? Apple 6.7%. Amazon, Facebook and Microsoft dropped by 4%. Dow Jones Industrial Average closed 2.25% lower, S&P 500 fell 2.78% and Nasdaq dropped 2.95%. The global economy is expected to shrink by roughly 5% this year, which is huge.  With Covid-19 showing signs of a return, further lockdowns could stall economic recovery.   Other articles available at Money Tips Podcast - www.moneytipsdaily.com   Is the stock market about to crash?  How will a crash affect your pension? House prices rise to reach all time high How to avoid bankruptcy in business Will demand for HMO rooms rise or fall? Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

The UK's largest housebuilders are being investigated by a watchdog after "troubling evidence" has emerged over the way leaseholds on newbuild housing estates have been sold to property buyers. Major companies like Barratt Developments, Countryside Properties, Persimmon Homes and Taylor Wimpey are facing legal action from the Competition and Markets Authority (CMA), which could take the developers to court. Buyers have been caught in a leasehold trap, with rising ground rents, unfair fees and properties which could become difficult to sell. The CMA has demanded information from the developers and could go to court. Many people do not realise that when they buy a leasehold flat or house, they own a lease which gives them the right to use the property for the length of that lease. However, leaseholders are also restricted on what they can do with the property and often have to obtain their freeholder or landlord's permission for any work or changes to their homes. Typically, on a leasehold flat or house, a new lease is granted for a fixed period of between 99 and 125 years – in some cases 999 years. Whilst it’s true that people may extend their lease or buy the freehold, this can be expensive and many people find themselves at the mercy of a greedy landlord. Houses are also sold on a leasehold basis where house owners are charged expensive ground rent and service charges, in addition to rip-off fees just to make alterations or improvements to their homes. Most flats are sold as leasehold and most houses as freehold. A leasehold house is notoriously difficult to sell and should be avoided. The CMA watchdog said leasehold buyers were being hit with ground rents that doubled every decade, and said that others were wrongly advised that they could not buy the freehold on a site. Katie Kendrick, a leasehold victim, set up the National Leasehold Campaign six years ago and now has 18,000 members. Other articles available at Money Tips Podcast - www.moneytipsdaily.com   House prices hit all time high How to avoid bankruptcy in business Tax increases plan to pay for furlough Zero interest credit card deals returning Will demand for HMO rooms rise or fall? EU staff offered chance to go home to work Is this the end of office work as we know it? Home workers one step closer to outsourced What will happen to all the city office blocks? Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Restaurants extend ‘eat out to help out’ scheme  Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Unemployment to double 7.5% and economy slump 9.5%  Self-employed, have you claimed your government grant? Lenders not passing on rate cuts and mortgage rates going up! UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

As the recession deepens and the end of the furlough scheme looms, Ann Summers becomes the latest retailer to threaten landlords with CVA unless shop rents are renegotiated Some landlords are “burying their heads in the sand”, says Ann Summers boss Jaqueline Gold. Ann Summers is a hugely successful lingerie and sex toy chain, which has brought the industry from the backstreets into mainstream retailing in the high street. They famously selling millions of pounds worth of products through ‘party plan’ selling in customers houses. Gold warned that unless landlords come to the table, they would ask to restructure its rent costs through a Company Voluntary Arrangement (CVA), which would wipe out much of its debt and liabilities such as lease agreements. A CVA is a legally enforceable rescue deal that enables limited companies to close unprofitable parts of the business, such as low performing stores, reduce their rent on others without going into bankruptcy or liquidation which would wind up the business. Jacqueline Gold said landlords needed to recognise things had changed. "Ultimately no retailer can afford to run stores unprofitably, and with business rates set to return next spring, the challenge of property costs is going to become even more pressing than ever," she said. Writing in Retail Week, Ms Gold said the threat of a CVA was "no idle threat".   Source: BBC In my experience, commercial landlords can be ruthless especially to smaller tenants with no clout. I have seen many small business owners made bankrupt by landlords over unpaid rent on a binding lease agreement. 5 tips to avoid bankruptcy Avoid signing long leases especially in your own name. Avoid signing personal guarantees. Limit your personal liabilities and debts. Incorporate your business Take out liability insurance Individuals suffer most from debts and can lose everything including their home. Jaqueline Gold or Richard Branson will not lose their home of one of their companies fails because they are not sole traders or in a partnership.  The above information should not be treated as personal financial advice, and you should always take advice from your own advisers, accountants and lawyers who know your personal circumstances. Other articles available at Money Tips Podcast - www.moneytipsdaily.com   Tax increases plan to pay for furlough Zero interest credit card deals returning Will demand for HMO rooms rise or fall? EU staff offered chance to go home to work Capita to shut a third of offices permanently  Is this the end of office work as we know it? Home workers one step closer to outsourced What will happen to all the city office blocks? Companies still have long leases on big offices Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Restaurants extend ‘eat out to help out’ scheme  Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Unemployment to double 7.5% and economy slump 9.5%  Self-employed, have you claimed your government grant? Lenders not passing on rate cuts and mortgage rates going up! UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

“No DSS” tenant blanket ban ignored by buy-to-let landlords despite ‘unlawful’ ruling by Judge The BBC has launched its own investigation into landlords who still advertise their properties to rent using the terms “No DSS” or “Working tenants only”. Last month, a District Judge has ruled that blanket bans on renting properties to people on housing benefit are unlawful and discriminatory. The county court ruling found a single mother-of-two had experienced indirect discrimination when a letting agent refused to rent to her. She subsequently ended up homeless with her two children, when her case was taken on by housing charity Shelter. The judge ruled "No DSS" rental bans are against equality laws. District Judge Victoria Mark heard the case in York County Court on 1 July, and ruled: "Rejecting tenancy applications because the applicant is in receipt of housing benefit was unlawfully discriminating on the grounds of sex and disability" and “contrary to the Equality Act 2010”. According to a BBC report, landlords are apparently still flouting the “ruling”. However, a lower county court ruling may influence other court decisions as a ‘persuasive authority’ in similar cases, but is not binding in law. The National Residential Landlords Association's (NRLA) Deputy Director for policy and research, John Stewart, told the BBC that it had "always advised landlords they should not blanket ban benefit claimants" but the "fundamental issue was the affordability of renting". He added that there are a number of valid reasons why rental listings said benefit claimants were not accepted, including: The timeliness and levels of benefit awards - including complaints about universal credit, a shortfall between housing benefit and private sector rents and in some cases, fluctuating levels of benefit income Banks and insurers saw benefit claimants as higher risk Landlords trying to avoid extra fees for tenants who would fail credit checks and references Complaints about Universal Credit taking months to pay landlords and then giving the rent directly to the tenant have been widespread. Source: BBC Shelter is a left-leaning charity which campaigns for the end of “no fault” evictions, further regulation in the social housing sector and new laws to force landowners to build more social housing. The organisation has an annual income of £67 million, of which £18 million comes from “grants and contracts”, some of which comes from government or taxpayer’s money. They reported a £3.5 million “surplus” (charities do not pay tax and cannot make profits so the make surpluses instead), in 2018/19. The CEO is paid a salary of £128,000 a year – over 4 times the UK national average wage. Shelter holds £16 million in reserves according to its Annual Report 2018/19 and had fund balances of £26 million. Although they could build a lot of social housing with £26 million, Shelter does not provide “shelter” or housing. Left-wing pressure groups like Shelter would like to take the private rented sector seventy years back to the days of rent controls and effective lifelong tenancies or ‘sitting tenants’, which would have the effect of private landlords deserting the market in droves. Ironically, rent controls in the 1950’s and 1960’s led to a shortage of private rental properties and the very rogue slum landlords which led to Shelter being founded. Everyone in the UK should have a home, but does that mean everyone has a “right” to a home or a legal right to rent a home from a private buy-to-let landlord regardless of their circumstances? We are supposed to be living in a free and democratic capitalist country, not a Marxist state. Landlords must also be able to choose who they want to take on as a tenant based on their circumstances and ability to pay. This is not a political blog, but I have to say that socialism and communism doesn’t work. It has been tried all over the world from the failed states of USSR to Venezuela, yet keeps coming back like a virus you can’t kill. Karl Marx idea of capital and land in the hands of the state has been a disaster and led to millions dying of starvation in Maoist China and North Korea. I have current experience with both private and benefit tenants with mixed results. The LHA rates in some areas are simply not competitive or equivalent to the open market rate and dealing with benefit claims is a steep learning curve for landlords. Deposits and upfront rent can also be an issue. Landlords with buy-to-let mortgages may be in breech of their mortgage conditions if they let the property to tenants on benefits. The private sector should not have to pick up the pieces for the failures of successive governments to build sufficient social housing for a growing low-wage population. There has been no major council house building programme since the 1970’s. The last major town to be built with proper infrastructure and rail transport links was Milton Keynes which, along with other new towns such a Harlow and Basildon, were planned in the 1960’s. Councils could easily build more social housing and borrow to do at favourably low rates, but many choose not to for a variety of reasons. Other articles available at Money Tips Podcast - www.moneytipsdaily.com Zero interest credit card deals returning Is this the end of work as we know it? Is it really more efficient to work at home? Home workers one step closer to outsourced What will happen to all the city office blocks? Companies still have long leases on big offices Why live in expensive town centres anymore? The ‘eat out to help out’ scheme ends Monday Thousands trapped in unsellable leasehold flats Number of homes repossessed falls to record low Mortgage possession claims fell by 97% to just 161 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants Unemployment to double 7.5% and economy slump 9.5% Self-employed, have you claimed your government grant? Lenders not passing on rate cuts and mortgage rates going up! UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com  See omnystudio.com/listener for privacy information.

The Confederation of British Industry (CBI) head, Dame Carolyn Fairbairn, said that Britain’s City centres could become "ghost towns" unless the Prime Minister Boris Johnson does more to encourage workers to go back to the office, the head of the CBI says. New Look wants rents reduced to zero as part of CVA rescue package. Top 50 UK employers have no plans to fully reopen offices. Major UK employers plan to keep staff working at home and have no immediate plans to bring them back to the offices, a BBC survey reveals.  What opportunities will there be for property investors? Other articles available at Money Tips Podcast - www.moneytipsdaily.com   Is this the end of work as we know it? Is it really more efficient to work at home? What will happen to all the city office blocks? Companies still have long leases on big offices Why live in expensive town centres anymore? The ‘eat out to help out’ scheme ends Monday Thousands trapped in unsellable leasehold flats Number of homes repossessed falls to record low  Mortgage possession claims fell by 97% to just 161 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Unemployment to double 7.5% and economy slump 9.5%  Self-employed, have you claimed your government grant? Lenders not passing on rate cuts and mortgage rates going up! UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com  See omnystudio.com/listener for privacy information.

Top 50 UK employers have no plans to fully reopen offices Major UK employers plan to keep staff working at home and have no immediate plans to bring them back to the offices, a BBC survey reveals. Is this the end of the office as we know it? What opportunities will there be for property investors? Other articles available at Money Tips Podcast - www.moneytipsdaily.com Is this the end of work as we know it? Is it really more efficient to work at home? What will happen to all the city office blocks? Companies still have long leases on big offices Why live in expensive town centres anymore? The ‘eat out to help out’ scheme ends Monday Thousands trapped in unsellable leasehold flats Number of homes repossessed falls to record low Mortgage possession claims fell by 97% to just 161 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants Unemployment to double 7.5% and economy slump 9.5% Self-employed, have you claimed your government grant? Lenders not passing on rate cuts and mortgage rates going up! UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

The number of houses being repossessed by banks plummeted to a record low in the second quarter of this year, according to Zoopla. The Ministry of Justice (MoJ) said the “unprecedentedly low levels” of possessions were due to government measures introduced to help homeowners by forcing lenders to offer mortgage holidays during the coronavirus pandemic. The were no homes repossessed in the three months from April until the end of June, according to the MOJ. The number of mortgage orders for possessions dropped by 96% to just 149. Mortgage possession claims fell by 97% to 161. Landlord possession claims also fell by 89%. The government introduced a number of measures to enable people to stay in their homes even if their incomes were hit by the Covid-19 pandemic after the UK first entered lockdown in March. The Financial Conduct Authority (FCA) advised homeowners and landlords in difficulty to apply for a three-month mortgage payment holiday.   The government passed the Coronavirus Act, which put a temporary halt on all repossession activity, initially for three months, and later until 23 August this year. The government extended the ban on landlords evicting tenants on Friday, two days before it was due to end. Landlords are unable to start eviction proceedings against tenants even if they are anti-social or in arrears their rent.  Figures reveal that two million homeowners and landlords applied for a mortgage payment holiday since the initiative was first launched. Repossessions and tenant evictions will resume in large numbers once support measures come to an end, but there will be huge backlogs and long delays in enforcing court orders. A tenant could probably get away without paying rent for another year before an eviction took place.  If your mortgage payment holiday is coming to an end and are worried about paying your mortgage you should talk to your lender and avoid burying your head in the sand. Open those letters! In theory, lenders can voluntarily offer repayment holidays for a limited period and could accept reduced repayments or switch you over to an interest-only mortgage, which would substantially cut your monthly payments. You could ask your lender to extend your mortgage term, which can make your monthly repayments smaller, although the total amount repaid over the term would increase. Low interest rates have prevented hundreds of thousands of mortgage borrowers from losing their homes since the last financial crisis. In the previous four recessions, interest rates shot up to record levels and repossessions and bankruptcies went through the roof.  The trade body, UK Finance, has urged homeowners to resume full mortgage payments if they can afford to do so, and you don’t really want mortgage arrears on appearing your credit file. Despite all the measures, homelessness has not been eliminated by a long shot. I was in central London last night and I was shocked to see the number of people sleeping rough in doorways and on the streets. I have seen this before, but not on this scale.  Other articles available at Money Tips Podcast - www.moneytipsdaily.com   Number of homes repossessed falls to record low  Mortgage possession claims fell by 97% to just 161 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Unemployment to double 7.5% and economy slump 9.5%  Self-employed, have you claimed your government grant? Lenders not passing on rate cuts and mortgage rates going up! UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

The UK government extended the ban on landlords evicting tenants in England and Wales today until 20 September in a dramatic last-minute U-turn hours before the ban was due to end, following fears that up to 243,000 could lose their homes. In most cases, renters will also get six months' notice if their landlord plans to evict them until the end of March. The block on tenant evictions during the coronavirus pandemic was due to end on Sunday and courts were due to resume section 21 and section 8 eviction cases on Monday after a five-month pause. The Housing Secretary Robert Jenrick talked of "supporting renters over winter" adding that, when the ban was lifted, the most serious cases of anti-social behaviour, other crimes, and unpaid rent for over a year would be heard first. Prior to the pandemic, a notice of eviction was normally two months, but in Wales, that had already been extended to six months until the end of September and remains under review. The last-minute reprieve for tenants comes amid warnings by homelessness charity Shelter that more than 170,000 private tenants have been threatened with eviction by their landlord or letting agent, and 230,000 in England have fallen into arrears since the pandemic started. Ben Beadle, chief executive of the National Residential Landlords Association, said: "A blanket extension is unacceptable, especially so close to the deadline. This announcement satisfies no-one. "Landlords have been left powerless in exercising their legal right to deal with significant arrears unrelated to Covid-19, anti-social behaviour and extremely disruptive tenants who make life miserable for their neighbours and housemates. "Private landlords cannot be expected to foot the bill for government failure." The National Residential Landlords Association is worried that landlords have been left powerless in dealing with non-payment of rent, which in most cases is needed to pay their mortgages. Landlord groups have called for more help in England to reduce the financial pressures on landlords, in addition to mortgage holidays. Local authorities would be unable to house thousands of homeless people at a time when they are struggling to cope with thousands of illegal migrants crossing the English Channel on small boats every week.  Citizens Advice for tenants Tenants under threat of eviction should start gathering evidence such as receipts for rent paid or any communications with your landlord Landlords have to give you notice before they can apply to court for a possession order. For most tenancy types this notice must now be at least three months in England or six in Wales, but lodgers may get less notice If a possession order had already been made against you before 27 March 2020, then your landlord may apply for this to be enforced when the ban comes to an end. You should receive 14 days' notice of the eviction date Anyone now struggling to pay rent should speak to their landlord, and organise a repayment plan to pay off arrears Those receiving housing benefit or Universal Credit and unable to pay rent might be able to get a discretionary housing payment from the local council Source: Citizens Advice Other articles available at Money Tips Podcast - www.moneytipsdaily.com   Another travel firm goes bust  Croatia latest country on covid hit list Apple is first US company to hit $2 trillion Third of UK employers plan further job cuts UK economy shrinks by 20% April to June 2020 Unemployment to double 7.5% and economy slump 9.5%  Self-employed, have you claimed your government grant? Lenders not passing on rate cuts and mortgage rates going up! UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

Chancellor Rishi Sunak has announced the Jobs Support Scheme, replacing the job retention furlough scheme, giving people in work three quarters of their normal salaries for six months. The UK government will be topping up wages of workers who have not been able to return to the workplace full time due to the coronavirus, instead of paying people to stay at home. Sunak hopes the new £300 million a month package, starting on 1 November, will prevent mass job cuts when the furlough scheme ends next month on 31 October. Around three million workers representing 12% of the UK workforce, are benefiting from partial or full furlough leave, according to figures. The government wants to support the wages of people in work, giving viable “businesses who face depressed demand the option of keeping employees in a job on shorter hours, rather than making them redundant," Mr Sunak said. He will "support only viable jobs" as opposed to jobs that only exist because the government is continuing to subsidise the wages, adding that he "cannot save every business and save every job." Mr Sunak also offered businesses that have borrowed money through the government's loan scheme more time to repay the money. The VAT cut for hospitality and tourism companies will be extended until March. The chancellor announced that small businesses who took out "Bounce Back" loans can use the new “Pay as You Grow” flexible repayment system, which means repayments on borrowings can be spread over 10 years instead of the original six-year term. Other articles available at Money Tips Podcast - www.moneytipsdaily.com Have you made a Will? How will a crash affect your pension? House prices rise to reach all time high How to avoid bankruptcy in business Will demand for HMO rooms rise or fall? Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com          See omnystudio.com/listener for privacy information.

Apple becomes the most valuable US company ever as it hits $2 trillion milestone after it shares rose 60% this year.  Elon Musk becomes the fourth richest person in the world after his stock holdings gained $8 billion in one day as Tesla's share price rise 11% to an all-time high – the share price has soared by 330% this year. He is now worth $84 billion despite owning a until recently loss-making company, which is apparently worth more than Toyota, Ford and General Motors, while selling a fraction of the number of cars! I have lived through at least four major recessions – early 1980’s, late 80’s to early 90’s, 2008 great recession and the current 2020 one which could be the daddy of them all. Unfortunately, there will always be winners and losers in recessions which naturally culls poor performing businesses by natural selection. Some businesses are booming during the coronavirus pandemic and recession, while other go under for good. Here are some examples: Camping - Halfords say demand for tents, airbeds and stoves surged in staycation trend John Lewis report a 243% increase in sales of camping chairs, inflatable pillows Staycation - Camping pitches inundated, UK hotels and B&Bs busy as we stay home Cycling – My local Halfords has sold out of bikes, accessories and even pumps Garden furniture – prices have risen and stock appears low Home gym equipment – Peloton shares have gone up 300% since March 2020 Home office equipment and work trends change and offices close Make up – particularly eye makeup and small luxuries Online shopping, Amazon, Netflix and Zoom are among the lockdown winners High street shops, cafes, restaurants, pubs, music venues and theatres lose out Takeaways and home food deliveries are doing well as restaurants suffer   Other articles available at Money Tips Podcast - www.moneytipsdaily.com   Winners and losers in coronavirus crisis M&S to shed 7000 office and retail jobs John Lewis and Debenhams close stores Third of UK employers plan further job cuts UK economy shrinks by 20% April to June 2020 UK is officially in recession after successive GDP falls One in three UK employers plan more redundancies Redundancies soar fivefold despite furlough scheme Unemployment to double 7.5% and economy slump 9.5%  Half as many jobs are being advertised compared to 2019 Self-employed, have you claimed your government grant? Base rate held at 0.1%, interest rates to stay low for 5 years Lenders not passing on rate cuts and mortgage rates going up! The end of furlough sees millions more unemployed this autumn UK house prices reached a new all-time high in July as buyers return UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

This scheme allowed the self-employed trader to claim a first taxable grant, which closed on 13 July 2020. The second and final taxable grant is worth 70% of your average monthly trading profits, and will be paid out in a single instalment covering 3 months’ worth of profits - capped at £6,570 in total. If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) use this scheme if you're eligible to claim the grant. Claims for the first grant are now closed, but the scheme is now open. If you’re eligible and your business has been adversely affected on or after 14 July 2020, you need to make your claim for the second grant on or before 19 October 2020. Who can claim? You can make a claim for the grant, regardless of whether or not you did not claim for the first grant, if your business has been adversely affected on or after 14 July 2020. This is for self-employed traders and you cannot claim a grant if you trade as a limited company (i.e. company director drawing a salary) or operating a trade through a trust.  You will need to qualify under the eligibility criteria, which means that your business has been adversely affected - your business has experienced lower income or higher costs due to coronavirus. HMRC states that you should make an “honest assessment” about whether your business has been adversely affected.   What you need To apply you must have your: Self Assessment Unique Taxpayer Reference (UTR) which should appear on your tax letters or returns – if you do not have this ask your accountant or follow this link - find out how to get your lost UTR When claiming for the Self-Employment Income Support Scheme grant you should: keep a record of how your business has been adversely affected confirm to HMRC that your business has been adversely affected by coronavirus For instance, your business could be adversely affected by coronavirus if you were unable to work because you: are shielding or self-isolating are on sick leave because of coronavirus have caring responsibilities because of coronavirus have had to scale down, temporarily stop trading or incurred additional costs because: your supply chain has been interrupted you have fewer or no customers or clients your staff are unable to come in to work one or more of your contracts have been cancelled Important In order make a claim for the second and final grant your business must have been affected on or after 14 July 2020. Your trading profits must be no more than £50,000 and at least equal to your non-trading income. The UK is officially in the worst recession in decades with the economy shrinking by an unprecedented 20% April to June. Whilst some sectors of the job market showing signs of recovery, this latest news with not help a severely weakened economy. The numbers of unemployment benefits claimants rose sharply from just over 1 million to 2.7 million in the first six months of this year. Other articles available at Money Tips Podcast - www.moneytipsdaily.com   M&S to shed 7000 office and retail jobs John Lewis and Debenhams close stores Debt collectors near top of job vacancy list  Retail sales grew in July and GDP rose 8.7% Third of UK employers plan further job cuts UK economy shrinks by 20% April to June 2020 UK is officially in recession after successive GDP falls One in three UK employers plan more redundancies Redundancies soar fivefold despite furlough scheme Unemployment to double 7.5% and economy slump 9.5%  Half as many jobs are being advertised compared to 2019 Base rate held at 0.1%, interest rates to stay low for 5 years Lenders not passing on rate cuts and mortgage rates going up! The end of furlough sees millions more unemployed this autumn UK house prices reached a new all-time high in July as buyers return UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com  See omnystudio.com/listener for privacy information.

There is anecdotal evidence that Hong Kong buyers are investing in British property ahead of eventually settling in the UK.  Following recent changes to the law, as many as three million Hong Kong residents could be offered the chance to settle in the UK and apply for citizenship, Boris Johnson announced last month. The British Prime Minister said Hong Kong's freedoms were being violated by a new security law and has handed a lifeline to those affected in the form of a "route" out of the former UK colony and in to UK citizenship. There are around 350,000 UK passport holders, and 2.6 million others eligible, will be able to come to the UK for five years. And after a further year, they will be able to apply for citizenship. British National Overseas (BNO) Passport holders in Hong Kong were granted special status in the 1980s but currently have restricted rights and are only entitled to visa-free access to the UK for six months. BNO passports were granted to all Hong Kong citizens born before the Chinese handover in 1997. Whilst the second-class passports allowed the holder some protection from the UK foreign service, they did not give the right to live or work in Britain.  But under new government's plans, all British Overseas Nationals and their dependants will be given right to remain in the UK, including the right to work and study, for five years. After five years, they will be able to apply for settled status or Indefinite Leave to Remain. After a further year, they could apply for full UK citizenship. Other countries, such as Australia and Canada, are wooing wealthy HK residents with offers of permanent residence. It is rare to the red carpet being rolled out for refugees, but these are not penniless migrants.  HK residents are highly educated, entrepreneurial and enjoy some of the highest standards of living in the world. What they lack is the rights and freedom we enjoy in the west. One potential drawback for the UK is Brexit, which may affect some migrant’s decision to settle here. However, if only 10% of the three million eligible HK residents choose to live in Britain that will mean 300,000 property buyers and renters looking for a place to live in the UK. It remains to be seen whether or not today’s citizens will choose to settle and invest in the UK when other countries, such as Cyprus offer a guaranteed route to citizenship in the European Union. The Cypriot immigration policy and legal framework now enable Non-EU applicants to obtain Cypriot citizenship on an expedited basis – fast. By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com If you would like to know more about the Cyprus golden visa programme visit: http://eugoldenvisaprogramme.comSee omnystudio.com/listener for privacy information.

As the UK officially goes into the worst recession in decades - economy shrinks by 20% April to June – some sectors of the job market are recovering. The numbers of unemployment benefits claimants rose sharply from just over 1 million to 2.7 million in the first six months of this year. Other articles available at Money Tips Podcast - www.moneytipsdaily.com Jobs demand picks up with more vacancies Debt collectors near top of job vacancy list Retail sales grew in July and GDP rose 8.7% Third of UK employers plan further job cuts UK economy shrinks by 20% April to June 2020 UK is officially in recession after successive GDP falls One in three UK employers plan more redundancies Redundancies soar fivefold despite furlough scheme Unemployment to double 7.5% and economy slump 9.5% Half as many jobs are being advertised compared to 2019 Base rate held at 0.1%, interest rates to stay low for 5 years Lenders not passing on rate cuts and mortgage rates going up! The end of furlough sees millions more unemployed this autumn UK house prices reached a new all-time high in July as buyers return UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

Economic output measured by GDP was negative for two quarters, which means the UK is officially in recession. The Covid 19 driven recession has hit the UK harder than any of the major economies apart from Spain. UK Chancellor Rishi Sunak says recession, the first since 2009, is “unprecedented”. The number of people in work in the UK fell by 220,000 in the last quarter Due to the coronavirus lockdown, the number of people recorded as ‘in work’ fell by 220,000 on the quarter, according to the Office for National Statistics. The numbers of unemployment benefits claimants rose sharply from just over 1 million to 2.7 million in the first six months of this year. More bad news for UK jobs is on the way with one in three UK employers planning further redundancies, which are up fivefold on last year. Other articles available at Money Tips Podcast - www.moneytipsdaily.com   UK economy shrinks by 20% April to June 2020 UK is officially in recession after successive GDP falls One in three UK employers plan more redundancies Redundancies soar fivefold despite furlough scheme Unemployment to double 7.5% and economy slump 9.5%  Half as many jobs are being advertised compared to 2019 Base rate held at 0.1%, interest rates to stay low for 5 years Lenders not passing on rate cuts and mortgage rates going up! The end of furlough sees millions more unemployed this autumn UK house prices reached a new all-time high in July as buyers return UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

Despite billions spent on the job retention ‘furlough’ scheme, UK employment dropped by the largest amount in over a decade between April and June, ONS figures show. Due to the coronavirus lockdown, the number of people recorded as ‘in work’ fell by 220,000 on the quarter, according to the Office for National Statistics. Before the lockdown, the UK had recorded the highest number of people in work and looked forward to a strong recovery following ten years of post-2008 recession austerity. The numbers of unemployment benefits claimants rose sharply from just over 1 million to 2.7 million in the first six months of this year. More bad news for UK jobs is on the way with one in three UK employers planning further redundancies, which are up fivefold on last year. Other articles available at Money Tips Podcast - www.moneytipsdaily.com   One in three UK employers plan more redundancies Redundancies soar fivefold despite furlough scheme Unemployment to double 7.5% and economy slump 9.5%  Half as many jobs are being advertised compared to 2019 Base rate held at 0.1%, interest rates to stay low for 5 years Lenders not passing on rate cuts and mortgage rates going up! The end of furlough sees millions more unemployed this autumn UK house prices reached a new all-time high in July as buyers return UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com Would you like to get into property but don’t have much cash? Some friends of mine are running a special ‘no money down property’ training event to teach you how to buy property using OPM – OTHER PEOPLE’S MONEY…. 4 Day No Money Down Event - Webinar description: 4 Evenings. 4 Strategies. Endless Opportunities. The current turbulence we are going through is affecting almost everyone, especially when it comes to finances and job security, perhaps that's you too? But what if there was a way to secure your future income, sack the boss and escape the 9-5? How is this possible? We have bought together 4 expert trainers in property and business investing for 4 evening web classes to show you all the opportunities that are within your reach... Right now, we understand that risks aren't something that everyone wants to do, so, instead we will be showing you that you do not have to put your life saving into something to make it a success! These strategies can provide a ‘win win’ for both parties and give everyone peace of mind, whilst building up your bank balance and your business reputation. Join here - https://bit.ly/3gwDvi9  See omnystudio.com/listener for privacy information.

The popular chain said it plans to launch a company voluntary arrangement (CVA) in the “near future” in a bid to push down its rents and clear some of its £1 billion of debt.  The restructuring arrangement will save the company from bankruptcy but could see the closure of 15% of 449 restaurants and the loss of 1100 jobs. A spokesperson said the final outcome of the restructuring has “yet to be decided”. Landlords take hit Pension funds and companies like Legal and General will be hit directly (affecting pension policyholders) and indirectly through their shareholdings in companies like Land Securities. Many landlords will have no choice but to bite the bullet and accept a lower rent or sit on an empty property.  We have already seen one large retail landlord go into administration and I’m sure many more will follow. I’m hearing similar stories in other countries which either have no safety net (or even temporary furlough schemes, which are coming to an end, e.g. in America). I would expect to see more tenants unable to pay their rents and borrower unable to keep up payments on their mortgage. This will lead to millions of bank repossessions, as well as years of untold misery and poverty.   Banks have already set aside billions for expected bad debts. HSBC, which announced 35,000 job cuts, has set aside £13 billion for bad debt.  In this pandemic-driven recession. very few people hold a ‘get out of jail card’. Other articles available at Money Tips Podcast - www.moneytipsdaily.com   Manchester declares a state of ‘major incident’ after Covid rise Major employers ignore government ‘back to work’ advisory  HSBC to shed 35,000 and sets aside £13 billion to cover bad loans London theatreland in darkness as 5,000 related jobs are lost Half as many jobs are being advertised compared to last year   Eat out to help out launches in bid to boost restaurant trade   UK property prices jumped by 3% since June after stamp duty cut Will end of furlough see millions more unemployed this autumn? Unemployment could reach 10% and recession last until 2024 Staycations boom as UK hotels fill up, always check your travel insurance Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You don’t need your own money to create a second income in property  You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com  See omnystudio.com/listener for privacy information.

The hot weather seems to have little effect on Coronavirus, despite scientist’s predictions, and businesses have to put reopening plans on hold. Other articles available at Money Tips Podcast - www.moneytipsdaily.com Manchester declares a state of ‘major incident’ after Covid rise Major employers ignore government ‘back to work’ advisory HSBC to shed 35,000 jobs after 63% drop in profits and bad loans London theatreland in darkness as 5,000 related jobs are lost Half as many jobs are being advertised compared to last year Eat out to help out launches in bid to boost restaurant trade UK property prices jumped by 3% since June after stamp duty cut Will end of furlough see millions more unemployed this autumn? Unemployment could reach 10% and recession last until 2024 Staycations boom as UK hotels fill up, always check your travel insurance Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You don’t need your own money to create a second income in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

House prices rose by 1.7% during the month compared to a 1.5% fall in June, according to the lender Nationwide Building Society. Other articles available at Money Tips Podcast - www.moneytipsdaily.com   UK property prices jumped by 3% since June after stamp duty cut How to find your ‘goldmine’ property area right where you are Unemployment could reach 10% and recession last until 2024 NS&I paying 1%pa no minimum or early withdrawal penalties Help to Save best deal of all with 50% bonus if you qualify on low income Lifetime ISA 25% bonus, invest up to £4,000 for first-time-buyers aged 18-39  Payday lenders or ‘instant short-term loan providers charge up to 91% APR High street banks are charging as much as 40% just for an overdraught facility  Credit card companies still charging extortionate 16-20% despite low base rate New Home Insulation Grants – Work must be quality checked say consumer groups The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak UK Property prices rise after stamp duty cut, despite rising unemployment British Chambers of Commerce said 28% of employers may cut jobs in next 3 months UK Mortgages becoming more difficult to obtain and more expensive New planning rules will open up more opportunities to make money in property Opportunity is everywhere for everyone, especially in property! But you have ACT!  You don’t need your own money to create a second income in property  Time to your economy or Uconomy started whatever the economy is doing! You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

Investors look for deals hundreds of miles away when there are plenty of opportunities on their doorstep.  Know your area – every area has its sweet spot! Decide on your strategy: Are you going down the buy to let route? Do you want to be a landlord?  Are you good at managing property and could you build a rent to rent business? Do you want to develop properties or by, refurbish and refinance? Do you want to get into commercial conversions? Are you cash rich and time poor what time rich and cash poor? You’ve heard the expression, “location, location, location” I say: “View, view, view”!  Get out there, talk to agents, get online and start viewing.  The wheel One of the most successful property people I know is disabled and in a wheelchair. Even before the internet, he did his research “viewings” from home before venturing out. He could not afford to waste any time. Training and CPD Know what you’re doing and never stop learning. Other articles available at Money Tips Podcast - www.moneytipsdaily.com   The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak UK Property prices rise after stamp duty cut, despite rising unemployment British Chambers of Commerce said 28% of employers may cut jobs in next 3 months UK Mortgages becoming more difficult to obtain and more expensive New planning rules will open up more opportunities to make money in property Opportunity is everywhere for everyone, especially in property! But you have ACT!  You don’t need your own money to create a second income in property  Time to your economy or Uconomy started whatever the economy is doing! You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash     By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

Other articles available at Money Tips Podcast - www.moneytipsdaily.com   NS&I pay 1% no minimum or early withdrawal penalties Guaranteed Income Bonds pay 1.15% to 1.6% depending on term Help to Save best deal of all with 50% bonus if you qualify on low income Lifetime ISA 25% bonus, invest up to £4,000 for first-time-buyers aged 18-39  Make sure you have an emergency contingency fund avoid short term credit Payday lenders or ‘instant short-term loan providers charge up to 91% APR High street banks are charging as much as 40% just for an overdraught facility  Credit card companies still charging extortionate 16-20% despite low base rate New Home Insulation Grants – Work must be quality checked say consumer groups The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak UK Property prices rise after stamp duty cut, despite rising unemployment British Chambers of Commerce said 28% of employers may cut jobs in next 3 months UK Mortgages becoming more difficult to obtain and more expensive New planning rules will open up more opportunities to make money in property Opportunity is everywhere for everyone, especially in property! But you have ACT!  You don’t need your own money to create a second income in property  Time to your economy or Uconomy started whatever the economy is doing! You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

UK Property prices rise after stamp duty cut, despite rising unemployment. The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak, according to the property website Rightmove. Other articles available at Money Tips Podcast - www.moneytipsdaily.com   UK unemployment rate could hit 15 per cent with second Covid wave, says OECD British Chambers of Commerce said 28% of employers may cut jobs in next 3 months UK Mortgages becoming more difficult to obtain with and more expensive Government planning CGT ‘tax grab’ on buy-to-let property investors  Nationwide now lending 90% for first time buyers reversing previous change Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000 New planning rules will open up more opportunities to make money in property Opportunity is everywhere for everyone, especially in property! But you have ACT!  Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION! You don’t need your own money to create a second income in property  Time to your economy or Uconomy started whatever the economy is doing! You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

Warren Buffett is one of the most successful investors of all time and one of the richest men in the world with a net worth of $79 billion, most of which he intends giving away to good causes.   He leads a relatively simple life in Omaha, Nebraska and has lived in the same house since 1958.   Multi-billionaire Warren Buffett is a ‘value investor’ who invests in companies for long term though Berkshire Hathaway, which has given shareholders a remarkable average annual return 20% since 1965.   A single share in Berkshire now costs over $280,000.   He looks to buy companies at a price which gives him a ‘margin of safety’. In other words, he only buys at below-market value and pays no regard to the sticker price quoted on the stock market.   “Price is what you pay. Value is what you get.” Warren Buffett   He does not jump in and out of the market. Instead the wise old ‘sage of Omaha’ patiently waits for the right deal. In fact, he has not bought very much for the last two years and got out of all of his airline investments during the last stock market fall.   He does not just sit there and wait twiddling his thumbs. He and his partner, Charlie Munger, spend their days researching companies and studying balance sheets.    Still active at 89, he attracts a huge following among share investors, such as Phil Town, and his shareholder meetings are more like a convention.   What type of companies does Warren Buffett buy?   Berkshire Hathaway is a holding company which owns substantial stakes in insurance companies, banks and credit card companies like Goldman Sachs, Bank of America, Wells Fargo and American Express, Visa, Mastercard, transport companies and perennial businesses like Kraft Heinz, Apple, Microsoft, Coca-Cola and McDonald’s.    Businesses which some investors might find boring but all have one thing in common.    A moat.    Having a moat protect the business from the competition that would seek to attack and destroy the castle.   A moat can consist of a strong brand, like Apple, McDonald’s and Coca-Cola. It could also be that customers would find it extremely difficult to switch to a competitor or even have no other choice.    He buys strong companies with excellent earnings growth that he would be to hold for the next 10 years “even if the market shut down”.   He does not jump into the latest tech firm and will not be putting his cash into Bitcoin or cryptocurrencies, of which he once said, “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.”   Berkshire owns and controls many businesses but does not run them on a day-to-day basis. Their management style is hands off, as one of the reasons they invested in the company was that it had a great management team and board.   Can you apply this investment philosophy to property?   Of course you can!   All property investors want to buy property at below market value. However, very few take the time and trouble to keep researching the market in order to find that special deal.   “Never invest in a business you cannot understand.” Warren Buffett   Warren always does his homework and knows his business inside out. He has spent years learning to become a great investor and studied under the likes of Ben Graham, the father of value investing who made a fortune during America’s great depression.   Finding the right property, in the right area at the right price gives an investor an excellent prospect of good long-term earnings - massive upside with very little downside.   “Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.” Warren Buffett   Another aspect of Warren’s investment philosophy is to never lose money. His two golden rules are:   “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”     This might sound strange for someone investing in a volatile ad sometimes risky stock market, but not if you apply his philosophy of buying companies with a margin of safety in the price and a strong moat.    Warren Buffett has come up with many brilliant quotes. Perhaps one of his most famous is:   “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”    Applying Buffett’s investment philosophy in the stock market or property investment will ensure you make money and build wealth for the longer term without risking the farm on every deal.   By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

Mortgage loans will be squeezed as lenders reduce number of products Mortgage lenders will start to slash the availability of competitive mortgage products, loans and other credit during the coming weeks despite consumer demand. Banks have informed the Bank of England that the supply of credit will fall this summer due to coronavirus pressures. This will be a blow to the UK economy, the housing market house buyers who need to borrow. The credit ‘crunch’ could mirror the position a decade ago after the financial crisis of 2008, although this recession has not been caused by a banking crisis. The financial downturn led to a withdrawal of loans and mortgage products for first-time buyers and buy-to-let investors. Lenders have already started taking a cautious approach to offering home loans, which is understandable in the current market where borrowers face uncertainty over their jobs and income. Lenders fear the number of borrowers defaulting on repayments could rise again. There is only one 2-year fixed-rate mortgage deal for borrowers with a 5% deposit, compared with 137 before the coronavirus crisis, according to Moneyfacts. For those with larger deposits, there is more choice, but the rates and fees have gone up, despite record low interest rates. Is it still worth investing in buy-to-let property? Investment in buy-to-let properties can still be profitable when done professionally. However, there are still many other opportunities to make money in property without the need for buy-to-let mortgages, large deposits or high rates of tax.  Other articles available at Money Tips Podcast - www.moneytipsdaily.com   Mortgages will become more difficult to obtain with less products Mortgages are more expensive and less competitive fixed rate offers Demand for new mortgages is down say lenders due to lockdown Government planning CGT ‘tax grab’ on buy-to-let property investors  “No DSS” tenant blanket ban by buy-to-let landlords ruled ‘unlawful’ by Judge UK economy grew by 1.8% in May, 24.5% smaller than it was in ONS reports UK's mobile providers will be banned from buying new Huawei 5G equipment Singapore’s economy plunged by 41% in the last quarter the largest fall ever Nationwide now lending 90% for first time buyers reversing previous change Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000 Chancellor Rishi Sunak keen to boost the property market and “build build build” New planning rules will open up more opportunities to make money in property Opportunity is everywhere for everyone, especially in property! But you have ACT!  Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION! Homeowners will get vouchers of up to £5,000 for energy-saving improvements The poorest will receive up to £10,000 in £2 billion energy saving grant scheme Will your job be one of millions phased out by automation, innovation and AI? You don’t need your own money to create a second income in property  Time to your economy or Uconomy started whatever the economy is doing! You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

The UK Treasury has launched a “review” of the capital gains tax system to "ensure the system is fit for purpose", the BBC reports. Some experts are warning of "a tax grab" in the autumn to pay towards the multi-billion-pound cost of Coronavirus measures, such as the furlough scheme. The Chancellor, Rishi, Sunak asked the Office of Tax Simplification to investigate how capital gains are taxed for both individuals and smaller businesses. "This review should identify opportunities relating to administrative and technical issues as well as areas where the present rules can distort behaviour or do not meet their policy intent," the chancellor said. "I would be interested in any proposals from the OTS on the regime of allowances, exemptions, reliefs and the treatment of losses within CGT, and the interactions of how gains are taxed compared to other types of income." Source: BBC. CGT is a tax on profits, which hits business owners, as well as millions of share and property investors. Rishi Sunak specifically mentions reliefs and losses, which can currently be offset against profits and carried forward to future years. This could change and lead to higher tax bills for investors who risk their money and work hard to earn profits. Capital gains are taxed at a lower level than income, so there's a risk that the chancellor will use the current crisis and deficit to justify a hike in CGT to income tax levels. CGT rates are set at 10% for basic-rate taxpayers and 20% for higher and additional-rate taxpayers, or at 18% and 28% where gains relate to residential property. CGT is basically a tax on the gain a property investor makes when they risk their money. This is in addition to the income tax they pay and any other taxes like stamp duty and land registry fees.  Previous Chancellors have a habit of grabbing money from the estimated two million buy-to-let property investors, many of whom have a small number of properties which they plan to use to supplement their pensions. Buy-to-let investors have already lost a number of reliefs, for instance on mortgage interest and wear and tear allowance, and are paying higher taxes thanks to multi-millionaire ‘six jobs’ George Osborne’s raid on soft targets. Business owners spend years building up their businesses, working long hours often for little or no pay, only to be taxed on the profits when they sell up or retire. Is it still worth investing in buy-to-let property, as judge bans “No DSS” tenant policy? A District Judge has ruled that blanket bans on renting properties to people on housing benefit are unlawful and discriminatory. The court ruling found a single mother-of-two had experienced indirect discrimination when a letting agent refused to rent to her. She ended up homeless with her two children, when her case was taken on by housing charity Shelter. The judge ruled "No DSS" rental bans are against equality laws. District Judge Victoria Mark heard this latest case in York County Court on 1 July, and ruled: "Rejecting tenancy applications because the applicant is in receipt of housing benefit was unlawfully discriminating on the grounds of sex and disability" and contrary to the Equality Act 2010, she said. People deserve a home but that doesn’t mean everyone has a “right” to rent home in the private sector. Landlords must also be able to choose who they want to take on as a tenant. I have current experience with both private and benefit tenants with mixed results.  The LHA rates in some areas are simply not competitive or equivalent to the open market rate and dealing with benefit claims is a steep learning curve for landlords. Deposits and upfront rent can also be an issue. The rates paid to landlords are also confusing and differ according to age. Is that not age discrimination? The private sector should not have to pick up the pieces for the failures of successive governments to build enough social housing. There has been no major council house building programme since the 1970’s. The last major town to be built with proper infrastructure and rail transport links was Milton Keynes which, along with other new towns, was planned in the 1960’s. Councils can build more social housing and borrow at low rates, but many choose not to.  I'm not sure if a ruling by a District Judge in a County Court is binding in law. If it is binding, it will be a further example of ‘red tape’, costs and legislation for private landlords, many of whom feel like they are swimming against the tide in the buy-to-let market. Investment in buy-to-let properties can still be profitable when done professionally. However, there are still many other opportunities to make money in property without the need for buy-to-let mortgages, large deposits or high rates of tax.  Other articles available at Money Tips Podcast - www.moneytipsdaily.com   “No DSS” tenant blanket ban by buy-to-let landlords ruled ‘unlawful’ by Judge UK economy grew by 1.8% in May, 24.5% smaller than it was in ONS reports UK's mobile providers will be banned from buying new Huawei 5G equipment Singapore’s economy plunged by 41% in the last quarter the largest fall ever Nationwide now lending 90% for first time buyers reversing previous change Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000 Chancellor Rishi Sunak keen to boost the property market and “build build build” New planning rules will open up more opportunities to make money in property Opportunity is everywhere for everyone, especially in property! But you have ACT!  Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION! Homeowners will get vouchers of up to £5,000 for energy-saving improvements The poorest will receive up to £10,000 in £2 billion energy saving grant scheme Will your job be one of millions phased out by automation, innovation and AI? You don’t need your own money to create a second income in property  Time to your economy or Uconomy started whatever the economy is doing! You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com E-Commerce Cashflow19th July, 20207:00 PM (UK) Learn how to...Build a profitable e-commerce business in less than 90 days. Replace your income in months. Help get the products to people that they need the most. Be able to spend more time doing what you love, with the people you love. Join the free training here: https://bit.ly/3gLXaKW  See omnystudio.com/listener for privacy information.

The UK central bank had revised forecast, but predicts that recovery will take longer than previously expected. Other articles available at Money Tips Podcast - www.moneytipsdaily.com Governor of Bank of England more upbeat in his forecasts Unemployment to double 7.5% and economy slump 9.5% Base rates held at 0.1% and will keep rates low for 5 years Lenders not passing on rate cuts, mortgage rates going up! Half as many jobs are being advertised compared to last year Will end of furlough see millions more unemployed this autumn? UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com Would you like to get into property but don’t have much cash? Some friends of mine are running a special ‘no money down property’ training event to teach you how to buy property using OPM – OTHER PEOPLE’S MONEY…. 9th - 12th August NO MONEY DOWN 4 DAY EVENT 19:00 - 21:00 PM   4 Day No Money Down Event - Webinar description: 4 Evenings. 4 Strategies. Endless Opportunities. The current turbulence we are going through is affecting almost everyone, especially when it comes to finances and job security, perhaps that's you too? But what if there was a way to secure your future income, sack the boss and escape the 9-5? Well at Progressive we have the solutions, we want to equip you with all the skills to gain a steady and reliable cash flow without investing every penny you have. How is this possible? We have bought together 4 expert trainers in property and business investing for 4 evening web classes to show you all the opportunities that are within your reach... Right now, we understand that risks aren't something that everyone wants to do, so, instead we will be showing you that you do not have to put your life saving into something to make it a success! These strategies can provide a ‘win win’ for both parties and give everyone peace of mind, whilst building up your bank balance and your business reputation. Join here - https://bit.ly/3gwDvi9   https://progressivesuccess.online/no-money-down-week-2020-offers/amb1927See omnystudio.com/listener for privacy information.

A District Judge has ruled that blanket bans on renting properties to people on housing benefit are unlawful and discriminatory. The "momentous" court ruling found a single mother-of-two had experienced indirect discrimination when a letting agent refused to rent to her. She ended up homeless with her two children, when her case was taken on by housing charity Shelter. The judge ruled "No DSS" rental bans are against equality laws. District Judge Victoria Mark heard this latest case in York County Court on 1 July, and ruled: "Rejecting tenancy applications because the applicant is in receipt of housing benefit was unlawfully discriminating on the grounds of sex and disability" and contrary to the Equality Act 2010, she said. People deserve a home but that doesn’t mean everyone has a “right” to rent home in the private sector. Landlords must also be able to choose who they want to take on as a tenant. I have current experience with both private and benefit tenants with mixed results.  The LHA rates in some areas are simply not competitive or equivalent to the open market rate and dealing with benefit claims is a steep learning curve for landlords. Deposits and upfront rent can also be an issue. The rates paid to landlords are also confusing and differ according to age. Is that not age discrimination? The private sector should not have to pick up the pieces for the failures of successive governments to build enough social housing. There has been no major council house building programme since the 1970’s. The last major town to be built with proper infrastructure and rail transport links was Milton Keynes which, along with other new towns, was planned in the 1960’s. Councils can build more social housing and borrow at low rates, but many choose not to.  I'm not sure if a ruling by a District Judge in a County Court is binding in law. If it is binding, it will be a further example of ‘red tape’, costs and legislation for private landlords, many of whom feel like they are swimming against the tide in the buy-to-let market. Investment in buy-to-let properties can still be profitable when done professionally. However, there are still many other opportunities to make money in property without the need for buy-to-let mortgages, large deposits or high rates of tax.  Other article available at Money Tips Podcast - www.moneytipsdaily.com   UK economy grew by 1.8% in May, slower than expected  UK economy is now 24.5% smaller than it was in February, the ONS reports UK's mobile providers will be banned from buying new Huawei 5G equipment Singapore’s economy plunged by 41% in the last quarter the largest fall ever Nationwide now lending 90% for first time buyers reversing previous change Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000 Chancellor Rishi Sunak keen to boost the property market and “build build build” New planning rules will open up more opportunities to make money in property Opportunity is everywhere for everyone, especially in property! But you have ACT!  Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION! Homeowners will get vouchers of up to £5,000 for energy-saving improvements The poorest will receive up to £10,000 in £2 billion energy saving grant scheme Will your job be one of millions phased out by automation, innovation and AI? You don’t need your own money to create a second income in property  Time to your economy or Uconomy started whatever the economy is doing! You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com E-Commerce Cashflow19th July, 20207:00 PM (UK) Learn how to...Build a profitable e-commerce business in less than 90 days. Replace your income in months. Help get the products to people that they need the most. Be able to spend more time doing what you love, with the people you love. Join the free training here: https://bit.ly/3gLXaKW  See omnystudio.com/listener for privacy information.

British MPs are urging the government to intervene and help 170,000 "prisoners" who are trapped it mortgages with high interest rates. Many of the borrowers are lower paid frontline workers, like nurses and hospital workers, who have no choice but to pay up to double the interest they would be charged on a normal competitive mortgage. They cannot re-mortgage to a cheaper deal offered by other lenders due to stricter affordability rules brought in by the Bank of England after they borrowed the money. MPs are now calling on the government to order regulators to investigate the profits firms make from the borrowers. They want the Competition and Markets Authority (CMA) and the Financial Conduct Authority (FCA) to consult and introduce a cap on so-called “standard variable rates”, which will help all borrowers coming out of fixed or discount rate mortgage deals. Hundreds of thousands of borrowers are unable switch mortgages because their loan is too high against the value of their home or because they are now too old to re-mortgage. This leaves them at the mercy of their lender which can legally charge whatever rate they like. The FCA reformed the affordability rules last October to allow lenders to help mortgage prisoners with cheaper home loans, but no lenders have changed their criteria. Borrowers with bankrupt lenders, such as the Northern Rock, are prisoners to the new owners who are neither offering competitive products or looking after their borrowers. Some borrowers have been paying between 6% and 9%pa after coming off initial fixed rates several years ago. Self-employed have only days left to apply for government grant phase 1. If you’re eligible and your business has been adversely affected you must make your claim for the first grant on or before 13 July 2020. This scheme is being extended. If you’re eligible for the second and final grant, and your business has been adversely affected on or after 14 July 2020 you’ll be able to make a claim from 17 August 2020. You can make a claim for the second grant if you’re eligible, even if you did not make a claim for the first grant. Find out more about the extension to the scheme.  Apply here: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme#extension In this Money Tips Podcast episode:   Nationwide starts lending again to riskier home buyers Travellers arriving in the UK from dozens of countries no longer need to self-isolate  Rules relaxed for arrivals from more than 70 countries and British overseas territories Beauty salons and “open air gyms” allowed to reopen with more reopening to follow Eat out to help out meal deal scheme launches in August to help hospitality sector Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000 Chancellor Rishi Sunak keen to boost the property market and “build build build” New planning rules will open up more opportunities to make money in property Opportunity is everywhere for everyone, especially in property! But you have ACT!  Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION! Homeowners will get vouchers of up to £5,000 for energy-saving improvements The poorest will receive up to £10,000 in £2 billion energy saving grant scheme Will your job be one of millions phased out by automation, innovation and AI? You don’t need your own money to create a second income in property  Time to your economy or Uconomy started whatever the economy is doing! You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com E-Commerce Cashflow19th July, 20207:00 PM (UK) Learn how to...Build a profitable e-commerce business in less than 90 days. Replace your income in months. Help get the products to people that they need the most. Be able to spend more time doing what you love, with the people you love. Join the free training here: https://bit.ly/3gLXaKWSee omnystudio.com/listener for privacy information.

The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak, according to the property website Rightmove. The number of sales agreed in England soared by 35% in the five days following Rishi Sunak's announcement on July 8, Rightmove said. The property market was showing signs of recovery, from a low in April, with agreed sales in England up 15% in June.  Sunak raised the threshold for paying the stamp duty tax on property purchases up to £500,000 until March 31, 2020. Rightmove added that asking prices rose by 3.7% between June and July, with Estate Agents reporting increased interest and a shortage of property for sale. However, mortgage lenders Nationwide and Halifax reported falls in house prices and mortgage approvals which slumped to the lowest on record in May, according to Bank of England data. Rightmove said buyer enquiries across the UK since the start of July leapt by 75%.  Last week, Andrew Bailey, the Governor of the Bank of England, said there were signs of activity returning "quite strongly" in the housing market. During the lockdown visits to Rightmove's website fell by 40% and most agents were closed for business. The news comes at a time when hardly a day goes by without another announcement of redundancies and losses by a major employer. As many as 9 million workers are still on furlough and the OBR said unemployment could reach 4 million if the economy does not bounce back quickly. Mortgage shortage coming as lenders start to tighten their belts, due to Coronavirus Mortgage loans are being squeezed as lenders reduce number of products Banks have informed the Bank of England that the supply of credit will fall this summer due to coronavirus pressures. Lenders are taking a cautious approach to offering home loans, which is understandable in the current market where borrowers face uncertainty over their jobs and income. Lenders fear the number of borrowers defaulting on repayments could rise again. Borrowers are reporting long delays in getting mortgages agreed and processed as lenders deal with backlogs. Is it still worth investing in buy-to-let property? Investment in buy-to-let properties can still be profitable when done professionally. However, there are still many other opportunities to make money in property without the need for buy-to-let mortgages, large deposits or high rates of tax.  Other articles available at Money Tips Podcast - www.moneytipsdaily.com   Mortgages will become more difficult to obtain with less products Mortgages are more expensive and less competitive fixed rate offers Demand for new mortgages is down say lenders due to lockdown Government planning CGT ‘tax grab’ on buy-to-let property investors  “No DSS” tenant blanket ban by buy-to-let landlords ruled ‘unlawful’ by Judge UK economy grew by 1.8% in May, 24.5% smaller than it was in ONS reports UK's mobile providers will be banned from buying new Huawei 5G equipment Singapore’s economy plunged by 41% in the last quarter the largest fall ever Nationwide now lending 90% for first time buyers reversing previous change Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000 Chancellor Rishi Sunak keen to boost the property market and “build build build” New planning rules will open up more opportunities to make money in property Opportunity is everywhere for everyone, especially in property! But you have ACT!  Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION! Homeowners will get vouchers of up to £5,000 for energy-saving improvements The poorest will receive up to £10,000 in £2 billion energy saving grant scheme Will your job be one of millions phased out by automation, innovation and AI? You don’t need your own money to create a second income in property  Time to your economy or Uconomy started whatever the economy is doing! You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com  See omnystudio.com/listener for privacy information.

The 10 celebrities who command the most money per Instagram post Dwayne 'The Rock' Johnson, 187m followers - just over $1m per post Kylie Jenner, 182m followers - $986,000 per post Footballer Cristiano Ronaldo, 225m followers - $889,000 per post Socialite Kim Kardashian, 176m followers - $858,000 per post Pop star Ariana Grande, 191m followers - $853,000 per post Actress and singer Selena Gomez, 180m followers - $848,000 per post Pop star Beyoncé Knowles, 149m followers - $770,000 per post Pop star Justin Bieber, 139m followers - $747,000 per post Pop star Taylor Swift, 135m followers - $722,000 per post Footballer Neymar da Silva Santos Junior, 139m followers - $704,000 per post Source: Hopper HQ So, what does this mean to you? We can’t all be superstars with millions of social media followers, but that doesn’t mean you cannot make money online. Real money is being made every single day on social media. How much time do you spend each day on your smart phone and social media? Small business advertisers make up most of Facebook’s ad revenue, which is why it will not be hurt by a few multinational companies, such as Diageo, pulling their advertising. Amazon has enabled millions of small traders to sell online and compete with much larger concerns. Online sales have gone through the roof and some of biggest companies in the world by stock market value are tech-based companies, the so-called FAANG stocks, started in the last few decades.   What are FAANG Stocks? The FAANG stocks are a group of technology stocks that have a combined market cap of nearly four trillion dollars. The companies that make up the FAANG stocks are: Facebook, Amazon, Apple, Netflix and Google/Alphabet. Tesla has overtaken Toyota as the most valuable car company in the world. Tech companies, such as those quoted on the Nasdaq exchange, have boomed during the lockdown – prompting many conspiracy theories – and have led a stock market v-shaped recovery that flies in the face of economic reality. Many fear that the overvalued market is due for another much deeper correction as the Coronavirus continue to spread and millions lose their jobs. Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com True entrepreneurs create wealth and jobs and don’t need you to be poor for them to be rich. See omnystudio.com/listener for privacy information.

In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but gone and even standard buy-to-let mortgages have become more difficult to obtain. Most people think that getting a mortgage from the bank is the only way to finance a property purchase, but this could not be further from the truth. Fortunately, there are plenty of creative strategies for raising finance to buy or control property which can liberate you from the monopoly of traditional bank and building society lenders. Let’s face it, using the standard method of saving for a deposit and then applying for a mortgage in order to buy an investment property has its obvious limitations. The main problem with this method is that you soon run out of deposits. Many investors using this method run out of cash and hit a brick wall before they are able to buy enough properties to enable them to quit their jobs and become financially free.   Get on the super highway to financial freedom   The traditional method used by 95% of investors is the slow road to financial freedom. Good news, experts have been able to discover proven ways to secure, control and buy multiple properties with none of your own money – or other people’s money. This is the fast road or super highway to building a portfolio large enough to give you the monthly cashflow to allow you to quit your job (if that’s what you want to do) and be truly financially free. If you’d like to learn more about creative finance strategies that you can use to build a portfolio of properties without using your own money Message me your details or drop me an email – [email protected] omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: You don’t need a shop or even a physical premises to start a business! EU economy in crisis, shrinking at fastest rate ever as stimulus announced Would you like to have your own podcast but don’t know how to start? See also - 10 things you can do to thrive during Covid 19 isolation Find out how you can join the Podcast revolution - https://bit.ly/2KWNgs5 Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? Quit the rat race and retire early You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income. Smart investors take advantage of creative finance ‘no money down’ tools in order to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Free property course Before you any property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster courses from the comfort of your home. If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com To learn more about podcasts, join this free training seminar - https://bit.ly/2KWNgs5See omnystudio.com/listener for privacy information.

The UK government will this year inject an unprecedented £300 billion of financial aid into the economy in order to stave off the worst recession in 300 years. Rishi Sunak’s moves to retain as many jobs as possible have not been supported by large retailers, such as John Lewis and Boots Chemists, which have announced plans to lay off 5000 workers, despite the £1,000 per worker job retention bonus.  The £1000 job retention bonus is not enough to persuade a company to keep someone on for six months and will only be claimed by employers which are probably going to take people back off furlough anyway. HK crisis deepens as UK offer BOP passport holders refuge from China’s grip. Self-employed have only days left to apply for government grant phase 1. If you’re eligible and your business has been adversely affected you must make your claim for the first grant on or before 13 July 2020. This scheme is being extended. If you’re eligible for the second and final grant, and your business has been adversely affected on or after 14 July 2020 you’ll be able to make a claim from 17 August 2020. You can make a claim for the second grant if you’re eligible, even if you did not make a claim for the first grant. Find out more about the extension to the scheme.  Apply here: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme#extension In this Money Tips Podcast episode:   Travellers arriving in the UK from dozens of countries no longer need to self-isolate  Rules relaxed for arrivals from more than 70 countries and British overseas territories Beauty salons and “open air gyms” allowed to reopen with more reopening to follow Eat out to help out meal deal scheme launches in August to help hospitality sector Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000 Chancellor Rishi Sunak keen to boost the property market and “build build build” New planning rules will open up more opportunities to make money in property Opportunity is everywhere for everyone, especially in property! But you have ACT!  Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION! Homeowners will get vouchers of up to £5,000 for energy-saving improvements The poorest will receive up to £10,000 in £2 billion energy saving grant scheme Will your job be one of millions phased out by automation, innovation and AI? You don’t need your own money to create a second income in property  Time to your economy or Uconomy started whatever the economy is doing! You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com E-Commerce Cashflow19th July, 20207:00 PM (UK) Learn how to...Build a profitable e-commerce business in less than 90 days. Replace your income in months. Help get the products to people that they need the most. Be able to spend more time doing what you love, with the people you love. Join the free training here: https://bit.ly/3gLXaKW    See omnystudio.com/listener for privacy information.

By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode:   Threats are always on the horizon for us, companies and countries S.W.O.T. Strengths, weaknesses, opportunities and threats Have you carried out your own S.W.O.T. Analysis? What is your disaster management plan? Learn about investing in property before buying anything!   Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors take advantage of creative finance ‘no money down’ tools in order to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.  Free property investment taster day Before you any property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.   See omnystudio.com/listener for privacy information.

We live in the richest time in all history. Poor – statements  I can’t afford it I can’t do that I haven’t got time Rich - questions How can I afford it?  How can I do that?  How can I find the time? The statements close your mind, the questions open your mind! The poor think differently from the rich. This sounds like a corny old cliché but in my personal experience, of seeing life from both sides, it’s true. Most unsuccessful people believe that their circumstances are down to external factors. Most successful people believe their circumstances are down to their own efforts and hard work. The poor and successful do not take responsibility for where they are today. They blame their family, the government, partner or spouse, the economy or bad luck for where they are right now. They see no correlation between their own actions and where they have ended up in life. They see no link between action and results. I remember years ago trying to mentor a single mother. She had an unsuccessful marriage and was left bringing up two children on benefits in a council flat. However, although she had very little money, she always found money to go out on the weekend drinking, or to buy cigarettes and even drugs. Trying to suggest anything that might improve her life was very hard work. It was like pushing uphill against a headwind. Everything I would suggest would be met with comments like, “I can’t do that “or “that wouldn’t work for me “.   I once presented her with an opportunity to apply for a job. To my astonishment, she said she would make the call tomorrow. I said, why not today, but she said she just insisted that she couldn’t do it right away. Dealing with success minded people was a completely different matter. When I met my future business partner, she had no money and a lot of debt. However, what she did possess was a tremendous amount of ambition, drive, determination and willingness to try new things to succeed. She would try new things and respond positively to new ideas. She was also an action taker, a starter as well as a finisher. She was willing to learn new skills and follow things through. She had started businesses in the past, but had been ripped off by her partners. But She didn’t let her past or current circumstances dictate to her future. This is why over the following 5 years she became super successful and a millionaire. I was listening to two speeches on YouTube which ran one after the other. The first was the speech given to graduates by the actor Jim Carrey and the second was a talk by the great Arnold Schwarzenegger, both of whom had come from modest backgrounds with good parents. Although the speeches were very different in style and delivery, both contained common traits of success which had helped them reach the top. Jim and Arnold both recommended the following to their audience: Have a goal in life. Otherwise you will drift around like a ship without a destination. Do something you love rather than just taking a job. Arnold said that over 70% of people hate their jobs. On the other hand, if you do something you love then it’s not like work at all. Don’t listen to naysayers or negative people who tell you can’t do things. Arnold said that when people say “impossible”, he hears “possible” when people say it “can’t” be done he hears it “can” be done. Work hard and take action. It’s not enough to have a goal or ask the universe for things without putting in the work and taking action. Try to make a difference in your life whilst on this earth and give back. We live in the richest time in all history. If you would like to improve your mindset and take advantage of the abundance of opportunities there are all around us, check out the links below or email me. By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com   See omnystudio.com/listener for privacy information.

Quick Money Tip - Check Your Travel Insurance Before You Book Your Holiday In this Money Tips Podcast episode: Holidaymakers given some relief on quarantine measures Air corridors: USA, Sweden, Portugal and Philippines not on list Will you get a refund if you have to cancel due to quarantine restrictions? Thousands of travellers still awaiting refunds from Ryanair and budget airlines Does your policy cover Coronavirus Covid-19 infection caught whilst on holiday? Watch out for children’s gaming apps which could cost you thousands Payment holiday schemes for mortgages have been extended to car loans Some businesses allowed to reopen in England on Independence Day! UK hit by worst economic contraction in 40 years, new figures reveal The Rock Dwayne Johnson Tops Instagram Rich List At $1 million Per Post New planning rules will open up more opportunities to make money in property Will your job be one of millions phased out by automation, innovation and AI? You don’t need your own money to create a second income in property Time to your economy or Uconomy started whatever the economy is doing! You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com   Do you need help to MAXIMISE your business in the next 90 days? Business Support Mastermind Wednesday 8th July @ 7:00 PM How to Absolutely maximise the next 90 days & take the (hidden) opportunities. How to market your way through the lockdown to THRIVE instead of survive. How to pivot your business first & fast to seize the new world order & opportunity. The BEST business cashflow opportunities in the current climate, & beyond Our brand-new “accelerated immersion” model to grow in a downturn.   Join free Business Mastermind webinar - https://bit.ly/2ACftTmSee omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: New body to be created with powers to ban rogue developers from building new houses Compensation will be available to those stuck in "shoddy" new-builds Why aren’t ALL builders regulated and controlled? Watch out for new build dodgy leases and charges The Home Builders Federation's (HBF) report a rise in the percentage of customers reporting snags from 93% in 2015 to 99% in 2018 Grenfell cladding scandal thousands of homeowners with worthless flats Learn about investing in property before buying anything! Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors take advantage of creative finance ‘no money down’ tools in order to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Free property investment taster day Before you any property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this episode: The things the rich do that the poor do not In my 25 years in financial services advising thousands of clients, these are the things that I have observed that the rich and successful people, which the poor neglect to do. Word of the Day Disaster Recovery Disaster Recovery is a strategy and set of policies, tools and procedures to enable the recovery or continuation of vital technology infrastructure and systems following a natural or human-induced disaster. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.   Other articles at www.moneytipsdaily.com   Drowning in a Sea of Debt Drowning in Sea of Debt By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Millions in debt. Debt charity deals with 9500 earning £40,000 If you’d like more information on how to acquire wealth building...   Brexit Property Effect – Invest or Wait? Brexit Property Effect – Invest or Wait? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Brexit Effect Wait or Invest Is this a flip market? Are we due for a correction? Long term...   UK Property – £60,000 for a house in Wales or £6 million for a room in Mayfair UK Property - £60,000 for a house in Wales or £6 million for a room in Mayfair By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. If you’d like more information on how to acquire wealth...   More money looking for places to invest that there are good places to invest More money looking for places to invest that there are good places to invest By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Word of the Day: Securitisation. Securitisation is the financial practice of pooling various types of contractual...   When is a ‘Freehold’ not worth the paper it’s written on When is a ‘Freehold’ effectively not worth the paper it’s written on and is more like a leasehold? By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Buyers of new build houses may be shocked to... There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

I was a financial adviser for 25 years working for banks, insurance companies and in my own IFA practice. I am also the author of the book, Yes, Money Can Buy You Happiness.   For the average person who has a small lump sum or monthly amount of cash to invest there are a number of investment vehicles from which to choose. Here is a basic list of products available to the average investor.   Deposit based investments   ISAs and bank deposit accounts which are usually guaranteed up to £85,000 by the government.   Advantages:   Safe, guaranteed investment up to £85,000.   Disadvantages:   Low returns.  The purchasing power of your money will be eroded by inflation.   Asset-backed investments    Shares, bonds and property. You can invest in these assets directly or through investment vehicles or funds such as, unit trusts, mutual funds, pension schemes and ISAs.    Advantage:    Potential for better returns over the longer term.   Disadvantages:   Higher risk. You could get back less than you’ve put in. More specialised.    If you have less than £250,000 to invest, most financial advisers will only be able to recommend products via funds which invest in the above asset-backed regulated investments, which are regulated by the FCA (Financial Conduct Authority) rules. You are protected by the FCA, for instance, if you are miss-sold one of these products by an authorised adviser.   You can check the FCA register for a list of authorised firms and advisers. Advisers must study and pass exams and prove they are keeping up-to-date by attending training courses and CPD.  If you want to know what they know, take a basic financial adviser course.   Financial advisers can usually only recommend regulated products. This is usually outlined in a long brochure or leaflet, who nobody reads in my experience, or is blurted out in a long sentence over the phone. Financial advisers will not advise you to buy a property or invest in an individual share, as they will say that it’s too risky.   Some financial advisers are independent and can recommend a range of products with a number of product providers or companies.    However, other advisers work for an insurance company and can only recommend the products or services.   Investors with large amounts of money can access specialist financial planners and a wider range of investment vehicles.   There are of course more specialised direct investments, such as, art, vintage cars, antiques, fine wines, stamps, as well as metals like gold and silver.    Lots of people collect art, wine and gold and silver coins, either as a hobby or as a hedge against inflation.    Advantages:    Potential for higher returns if you know what you’re doing. Usually, but not in all cases, capital gains tax free.    Disadvantages:   Higher risk. Unregulated.  Requires specialist knowledge and expertise. These types of investments do not generally produce an income.   Property   In recent years, there has been an explosion in buy to let property investors and small property developers. There are now around 2 million buy-to-let landlords in the UK.   Direct investment into property, or “bricks and mortar” as my parents would say, has proved extremely popular with investors who have shunned more traditional investments like pensions and shares.   Advantages:   Potential for higher returns over the medium to long term. Property rentals also produce a return or yield in addition to capital growth. Leverage. You can obtain a mortgage to purchase a property.  Tax advantages, depending on what investment vehicle you use to purchase property.   Disadvantages:   Property requires more work and is seldom a totally passive investment. Illiquid. Property takes time to sell and can be difficult in a downturn. Higher risk, especially for the amateur landlord or small investors who buy a property at an auction after watching “Homes Under The Hammer” on TV.    Property investment should be treated as a business rather than a hobby.    When done professionally, property investing can be extremely rewarding and enjoyable.   Other investments   I often get asked by people who say, what about investing in bitcoin, FOREX, or traded options.    They have usually read about it I’ve been offered a course on how to make money as a day trader in for an exchange. My answer is, if you don’t understand something, don’t invest your money into it!   There is also a difference between investing and speculating. Speculating that a certain share or currency may rise based on a new story or trend it’s not the same as investing in a share in the company that you have researched and believe will do well in the long term.    Similarly, jumping on the property bandwagon because the market is rising or you want to secure a new apartment off-plan in the latest high-rise development it’s not the same as learning your craft, doing your research and investing in a property you feel will give you a good return on your investment (ROI).    If you would like to learn more about investing in property, please drop me a line.   The above information is for your information and entertainment only and should not be considered to be investment advice, as I’m not your financial adviser.   By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.   If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: 25% Bonus added to monthly contribution up to maximum £4000 per year Can be used for first time residential property purchase or for retirement Lifetime ISA (LISA) available between ages 18 to 40 Always seek independent financial advice Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.  Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.  See omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode:   Nationwide cuts lending in fear of negative equity in a falling market Bigger deposits required from borrowers to cover future price drops  Maximum LTV Loan to Value cut from 95% - 85% for First Time Buyers  Brokers report tightening mortgage lending as banks become cautious Numbers claiming work-related or unemployment benefits up 126% to 2.8 million Economists warn of higher unemployment figures when furlough scheme ends  UK economy shrinks by 20% in April – biggest monthly drop in history UK House prices suffer biggest fall in 11 years as lockdown kills the economy Will your job be one of millions phased out by automation, innovation and AI? You don’t need your own money to create a second income in property  Time to your economy or Uconomy started whatever the economy is doing! You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages and cash     Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com True entrepreneurs create wealth and jobs and don’t need you to be poor for them to be rich.   See omnystudio.com/listener for privacy information.

What would you do with £1 million?  What would you do with £1 billion or one thousand times a million? How about £100 billion? The Bank's Monetary Policy Committee (MPC) voted to pump £100 billion into the system days after governor Andrew Bailey said policymakers were ready to take action after the economy suffered its biggest monthly fall -20.4% - on record in April.  The UK central bank also voted to keep interest rates at a record low of 0.1% after official jobs data showed the number of workers on UK payrolls plummeted by 600,000 between March and May. However, recent indicators of economic activity suggest the economy is starting to bounce back. The MPC's June policy meeting minutes stated: "Payments data are consistent with a recovery in consumer spending in May and June, and housing activity has started to pick up recently." What is quantitative easing (QE) and how will it help us? This latest round of monetary stimulus - quantitative easing or printing money - increases the Bank's asset purchase programme to a whopping £745bn. In short, the Bank of England will “create” or print money which is then used to lend, through the purchase of bonds, to institutions. In theory, banks should in turn lend more cash - at low interest rates - to people and businesses to help grow the economy. The QE policy was first used to the tune of £200 billion during the 2009 financial crisis to rescue the economy after the collapse of many banks. The bank has already exceeded that by almost 400%. Critics argued that the banks failed pass on this money to small business and mortgage borrowers. In fact, mortgage money dried up, as it is now with the Nationwide and other lenders restricting house purchase borrowing. We are not in a banking crisis so there should not be a shortage of capital. So why are the banks holding out?  In the current economic climate, the banks are being cautious for fear of a further downturn or longer-term recession. The financial package should see more money going into shares and business which will encourage investment and restore confidence in markets. Would you like to learn how to buy a business using none of your own money? You can be one of the first to learn the skill and strategies many of the most successful businesses are brought with. Expert, Bingbing Chan will teach you the step by step process that she uses to secure millions of pounds worth of high-quality businesses for little or no upfront cost. Bingbing's webinar, Business Buying Secrets, will take place on the 23rd June @ 7:00 PM.  Business Buying Secrets, 23rd June @ 7:00 PMJOIN HERE: https://bit.ly/3efAoKj By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com  See omnystudio.com/listener for privacy information.

By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast In this episode: Buyers of new build houses may be shocked to find that their freehold contains up to a dozen restrictive covenants, including needing to ask for permission carry out work on their own house. Word of the Day Covenant A legally binding agreement to pay a sum of money on agreed dates to a company or charity. Other articles at www.moneytipsdaily.com 3 Myths of Property Investment Creative Finance Tools for Owning or Controlling Property  5 Traits of the Rich Vs Poor House Price Growth Slowest Since 2012, Say ONS UK economy is slowing down and could go into recession says new report Should you be buying Gold? 10 tips to survive and thrive in the recession - https://podcasts.apple.com/gb/podcast/money-tips-daily-by-charles-kelly-former-ifa-and-author-of/id1347175960?i=1000444007011 There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.  See omnystudio.com/listener for privacy information.

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By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode:   This simple tip will save you money and help the environment! UK to ban new petrol and diesel cars from 2035, but is that the only answer? Learn about investing in property before buying anything!   Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using creative finance ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.  Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.   See omnystudio.com/listener for privacy information.

The incredible story of how Colonel Tom Parker facilitated the buyout of Elvis Presley’s contract when he was a broke salesman with little industry experience or connections.   In 1955, the mysterious Parker asked record producer and label owner Sam Phillips whether he would sell Elvis and Sam Phillips said he would “if the price was right”. He said a price of $35,000 for the contract which he thought nobody would ever pay.  Parker was no Simon Cowell at the time and had no money, let alone $35,000, a small fortune in 1955. Colonel Tom Parker was a Dutch national who had jumped ship at age 18. He never left America and lived as an illegal immigrant with a shady past selling herbal remedies around carnivals in the South.  He had seen Elvis sing and knew he had something special. He wanted to manage Elvis and realised that his current company, Sun Records, could only take him so far. But with no money and no industry experience how on earth was he going to pull off the deal? Most people would have given up, but the resourceful Colonel went to the much bigger RCA Victor record company who put up the money to buy out Presley’s contract from Sun Records owner Sam Phillips for $35,000. The Colonel became his manager on an unheard of 50-50 deal and total control of the young star.  Parker pulled off the music deal of the century, using none of his own money, by packaging Elvis Presley to a larger company and using their resources to turn his protege into a worldwide superstar. Elvis Presley went on to star in Hollywood movies and sell an estimated 600,000 to 1 billion records. He is still the best-selling solo artist of all time. The same principle used by Colonel Tom Parker to tie up the Elvis contract also applies to other businesses and property deals.  You don’t need your own money to buy a property and you don’t even need to buy the property to make money out of it. You can use other people’s money, joint ventures, options or package the deal to sell to another investor for a fee. If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.   You can create a second income and get into property during the lockdown…using other people’s money…See omnystudio.com/listener for privacy information.

With all of the technology and mechanisation of household chores, we actually have more leisure and free time than ever before, so why is it that we are always so “busy”? In this Money Tips Podcast episode: How many hours are there in a week? How many hours do you spend at work? How many hours do you spend sleeping? How many hours do you have free? How many hours do you spend on social media or watch TV? How many hours could you spend improving yourself and your future? Can you afford to retire?   Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comHow to Use Creative Property Financing to Beat the BanksHow to Use Creative Property Financing to Beat the Banks In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.  See omnystudio.com/listener for privacy information.

UK House prices fell by 1.7% in May from the April 2020, the biggest “monthly fall for 11 years”, leading mortgage lender Nationwide reports. The annual growth in house prices also halved from 3.7% to 1.8%, as the coronavirus crisis hammered market activity. HMRC data revealed that residential property transactions fell 53% in April compared with 2019. "The medium-term outlook for the housing market remains highly uncertain," the Nationwide warned. Economist predicts the fall "is just the start of a protracted decline over the remainder of this year," What does this mean for you as a home buyer or property investor? In this Money Tips Podcast episode:   House prices see “largest monthly fall for 11 years” in May Nationwide reports 8.7 million people are on Job Retention scheme, 2 million more claiming benefits One quarter of the workforce are now on furlough costing taxpayer multi-billions UK property sales hit record low in April, “asking” house prices have come down Learn how to take advantage of OPPORTUNITIES to make money in property  You don’t need your own money to create a second income in property  Will your job be one of millions phased out by automation, innovation and AI? Time to your economy or Uconomy started whatever the country is doing! You can create a second income or get into property during the lockdown… Learn from experts - free Property Network Summit 4 June 10am Register here -       If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. You can create a second income and get into property during the lockdown…using other people’s money… Learn from experts – join the Property Network Summit Thursday 4 June Register at  https://bit.ly/2zOvFQQ What Will You Learn At The FIRST EVER NETWORK SUMMIT?  1) Uncover the tools you need to survive in property & business post Covid 19 2) Learn the marketing insights into Social media and branding 3) Our speakers will reveal how to maximise and monetise your networking 4) Discover how to build a portfolio with no money and take the risk away 5) How to make SA work right now and how it will blow up post lockdown   Limited places available Register now - https://bit.ly/2zOvFQQSee omnystudio.com/listener for privacy information.

By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode:   Beware, as not all freeholds are the same and some may be un-mortgageable Always use a solicitor, especially when buying at auction, to check title New build freehold properties may include an onerous ‘rentcharge’ Management companies can repossess your property for unpaid rent charge Learn about investing in property before buying anything!   Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.  Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.   See omnystudio.com/listener for privacy information.

By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. The Universities Minister laid down a warning to a summit of student-accommodation providers to sort out the "awful and disappointing" problems that have seen more than 20 student housing schemes not completed on time, the BBC reports. In an unprecedented move, Chris Skidmore summoned corporate housing providers after students had been put into temporary accommodation at the beginning of the autumn term. "Students can pay significant amounts for their accommodation and it is unacceptable to let them down at a stressful time," the minister said. Students in Portsmouth were among those affected, when a private housing block was not completed, leaving about 250 without accommodation. Accommodation is funded from student maintenance loans - which means billions of pounds in public spending goes into the student-housing sector. Private landlords have been increasingly undermined by the government which has favoured large corporate landlords with tax breaks denied to the smaller student accommodation providers.  Buy-to-let investors have been quitting the market in droves since punitive property tax measures were introduced by the former chancellor George Osborne. Some estate agents claim that Osborne’s landlord tax grab, combined with the 2016 Brexit vote, has effectively killed the buy-to-let property market, with prices in some areas falling by over 20%. However, plummeting property prices have created buying opportunities, especially among distressed and disgruntled landlords fed up with being treated like second class citizens. Even property investors I meet who have not sold everything have held back on buying further property due to the loss of tax relief on buy-to-let mortgage loans, as well as higher rates on limited company loans. But most traditional buy-to-let property investors are not aware of the ‘no money down’ strategies to own or control property without using mortgage lenders.  Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.  If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. Word of the Day Section 24  Section 24, also known as the ‘tenant tax’, will restrict relief for finance costs on residential properties to the basic rate of Income Tax. This has been phased in from 6 April 2017. ... In simple terms, Landlords will no longer be able to deduct all of their finance costs from their property income when calculating their property profits.See omnystudio.com/listener for privacy information.

By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode:   Quick sale ‘property rescue’ agents under scrutiny by Trading Standards Be careful when selling your property “fast” as you will get a lower price Estate Agents should be a regulated market as it is in America UK awards 5G contract to Huawei     Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.  Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See omnystudio.com/listener for privacy information.

UK property sales hit record low in April, but market shows signs of recent activity Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? In this Money Tips Podcast episode: UK property sales hit record low, but some sectors are moving again Online auction sales increase as London and foreign money head north Zoopla record a record number of property searches as lockdown eases Over 10 million of economically inactive one third of working population Almost a third of population, could reach 50%, not producing or paying taxes 2.1 million now claiming state benefits, 2 million self-employed claim loans US jobless claims approaching 40 million as recession turns into depression UK Immigration Health Surcharge dropped today for NHS staff and care workers Will your job be one of millions phased out by automation, innovation and AI? Time to your economy or Uconomy moving whatever the country is doing! You can create a second income or get into property during the lockdown… You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income. If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.  See omnystudio.com/listener for privacy information.

Is this statement made by an American politician accurate? By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: Do billionaires make their money paying “slave wages”, as per Alexandria Ocasio-Cortez? Bill Gates and Henry Ford paid higher than average wages and made a lot of people rich The rich in the UK pay millions in taxes – David Beckham, JK Rowling and Sir James Dyson Top 1% of UK earners pay 28% of all income taxes Taxes are necessary and should be fair ”You don’t make a billion, you take a billion and make things by paying people slave wages that they can barely live on” a politician recently claimed.  You might be forgiven for thinking that the statement came from Jeremy Corbyn or somebody in Venezuela, but it actually came for an American Congresswoman Alexandria Ocasio-Cortez.  She has been accused of promoting dangerous radical left-wing policies, not that different from European social democratic views - free healthcare, college education, higher taxes for the very wealthy and more control over the financial sector.  She won her seat against all the odds with little or no funding and was actually working as a waitress before being elected. However, to say that all billionaires make their money off the back of slave labour and below minimum wage pay is a little unfair. Henry Ford actually increased wages and attracted thousands of workers to Detroit area, building forward into a multibillion-dollar company which produced cars for the masses. He was instrumental in building the American economy into a superpower through innovative mechanisation and assembly line manufacturing methods. I don’t think you could accuse Bill Gates of paying low wages when the company has actually created thousands of millionaires through their stock options. People are queueing up to work for the likes of Google and Facebook because their pay and benefits are out of this world. According to the Sunday Times new tops taxpayer list, Stephen Ruben the majority shareholder of JD sports paid £181 million in tax last year. British billionaire Denise Coates, who built her own business from a small family concern to multi-billion company, just paid £156 million in taxes.‬ Sunday Times list of highest taxpayers in the UK demonstrates that high earners contribute billions to the UK economy in productivity and net taxes. Richest 1% in the UK contribute 28% of all income tax with notable high taxpayers like Sir Janes Dyson, David and Victoria Beckham and J. K. Rowling. Billionaire businessman so Jim Ratcliffe have a tax liability of £110.5 million and Mike Ashley, founder of sports direct and owner of Newcastle football club paid over £30 million in taxes last year. Politicians who go on about the rich “paying their fair share “should focus on the amount of tax collected rather than the tax rate. If you hike up the tax rate to a top rate of 98%, as it was in the 1970s, all you do is drive away wealthy people and more importantly investment. This has nothing to do with politics, it’s just common sense. It has been recently demonstrated by the increase in stamp duty for multi million pound properties. What happened? The tax take went down. Of course, we need taxes to run the country, but they need to be fair and balanced so that people have an incentive to work hard and build businesses. Countries like Hong Kong and Singapore attract businesses because they have an attractive tax system, which taxpayers have no need to evade. If you subscribe to the politics of envy, believing that all rich people are evil and crooked, how can you be wealthy and successful yourself? I talk about this in my book, yes, money can buy happiness, where we explore the mindset of money and success. Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.  Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

The number of people claiming unemployment benefit has soared by 856,500 to over 2 million months, according to figures released by the Office for National Statistics (ONS), after the UK had recorded record numbers of people in work. Add this to over 6 million on furlough and 2 million self-employed claiming the bounce back loan or other support programmes we now have 10 million economically inactive workers in the UK. Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  In this Money Tips Podcast episode:   2.1 million now claiming state benefits such as Universal Credit Self-employed grant claims top 2 million with £6 billion paid out in claims 6 million on job furlough scheme but 1 in 5 firms plans job cut this summer US jobless reach 33 million, while Germany, Japan join UK in deep recession  Most people have zero savings or back-up plan to cope with unemployment Property market up and running again but prices could plummet 20% this year Tenant demand increases after a quiet period in the early stages of lockdown  VE Day gives Children opportunity to learn about wartime rationing and values  Will your job be one of millions phased out by automation, innovation and AI? You can create a second income or get into property during the lockdown…   Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? Quit the rat race and retire early You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income.  If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.  See omnystudio.com/listener for privacy information.

With leaders driving the economy into almost certain depression by shutting down their country’s economies, you’d be forgiven for believing in the Coronavirus conspiracy theorists, like David Icke, that this is a deliberate plan to destroy the world order as we know it! Cash is King! By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode:   Where can you put your money that is safe from the coming depression? BoE predict 30% fall in first 6 months and 15% fall in 2020 - highest ever I’m telling it like it is and do not dress up the facts with “positive” crap! Stock market prices are still way overvalued are likely to crash deeper “Buffett predictor” of imminent market crash is at highest level for 50 years What about shares, Bonds, Gold, Silver, Bitcoin, Property and bank deposits? UK Bank deposits government protected up to £85,000 per depositor per bank  Chancellor is bound to slash government aid for business furlough scheme soon Businesses need end to lockdown to get back to work now to come off state aid 6.3 million furloughed on Job Retention Scheme costing us billions every month Builders stuck due to lack of materials while supermarket chains can sell everything Why opening a shop in the High Street is financial suicide for most business start-ups Your best investment could be investing in yourself through education to make money     Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? Quit the rat race and retire early You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income.  If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com  See omnystudio.com/listener for privacy information.

By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode:   Tesla overtakes Volkswagen to become the world’s second largest car manufacturer  People who say “it can’t be done nowadays” or “it was alright in your day” are wrong! Most valuable companies, Apple, Microsoft, Amazon are relatively new to the market Never too late for you to get started investing in property, e.g. to build a pension Contact me if you want to get started in property using none of your own money   See also my YouTube Channel: Will house prices rise or fall in 2020? Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.  Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.  See omnystudio.com/listener for privacy information.

Are you ready to adapt to the new economy? Build a second income source fast. Register for a free training session to learn more about how to survive and thrive in the changing property market - https://bit.ly/2ApM4LH By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode:   Cost of Coronavirus to the UK government has risen to £123 billion Borrowing for this year expected to reach a staggering £298 billion! The UK’s World War 2 debt to the US took 61 years to be paid off by 2006 UK annual borrowing will hit 15.2% of economy, highest since WW2’s 22% Further billions will be spent by taxpayers to cover bad bank debt and benefits Rishi Sunak confirms the UK economy is in recession with 6 million unemployed 1 in 4 US workers now claiming benefits as jobless figures soars by 3 million to 36M As WHO says Coronavirus will “never go away” we need to adapt to a new economy The UK property market is changing rapidly and will not go back to pre-coronavirus How can you benefit from the changing property market? Free seminar by experts   Register for a free training session to learn more about how to survive and thrive in the changing property market - https://bit.ly/2ApM4LH Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? Quit the rat race and retire early You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income.  If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com https://progressiveproperty.online/offers-property-revolution-web-2-ih-amb-2/amb1927 See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

Are you ready to adapt to the new economy? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working, renting property or running a business, what obstacles and opportunities lies ahead?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode:   Furlough Scheme extended to October, but people advised to return to work Rishi Sunak confirms the UK economy in recession with 6 million unemployed HMRC relaunch problematic scheme to help self-employed and small businesses Council taxes are rising sharply, are you being charged the correct amount of tax? Building industry restart this week as will the weakened property housing market The UK property market is changing rapidly and will not go back to pre-coronavirus How can you benefit from the changing property market? Free seminar by experts   Register for a free training session to learn more about how to survive and thrive in the changing property market - https://bit.ly/2ApM4LH Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? Quit the rat race and retire early You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income.  If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com https://progressiveproperty.online/offers-property-revolution-web-2-ih-amb-2/amb1927See omnystudio.com/listener for privacy information.

By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. Analysis has shown that people with bipolar disorder, depression or obsessive compulsive disorder (OCD) are more prone to overspending and potential problems with money management and debt, the BBC reports. Now the Money and Mental Health Policy Institute is calling on banks and building societies to monitor customers' data to spot signs of problems, such as sudden drops in income, dramatic increases in spending, or persistent use of unauthorised overdrafts. Banks argue that many customers would have more than one account, making it difficult to gather a comprehensive picture of a customer's finances. There are also data protection rules in place that would make any intervention difficult. The institute wants regulators to publish guidance on how customer data can be used legally and safely. Helen Undy, chief executive of the institute said: "About 100,000 people in problem debt attempt suicide each year in England, with many suffering in silence and struggling to ask for help. Having worked in financial services, including banks, insurance companies and my own IFA practice, for over 25 years, I have seen first-hand how people manage their money. This is why I wrote Yes, Money Can Buy You Happiness to help people feel better and manage their money more effectively. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. Other articles at www.moneytipsdaily.com Brexit Property Effect – Invest or Wait? Boris has got his deal through Parliament, but not on his timescale. Brexit Property Effect – Invest or Wait? Wait or Invest Is this a flip market? Are we due for a correction? Long term... There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. Analysis has shown that people with bipolar disorder, depression or obsessive compulsive disorder (OCD) are more prone to overspending and potential problems with money management and debt, the BBC reports. Now the Money and Mental Health Policy Institute is calling on banks and building societies to monitor customers' data to spot signs of problems, such as sudden drops in income, dramatic increases in spending, or persistent use of unauthorised overdrafts. Banks argue that many customers would have more than one account, making it difficult to gather a comprehensive picture of a customer's finances. There are also data protection rules in place that would make any intervention difficult. The institute wants regulators to publish guidance on how customer data can be used legally and safely. Helen Undy, chief executive of the institute said: "About 100,000 people in problem debt attempt suicide each year in England, with many suffering in silence and struggling to ask for help. Having worked in financial services, including banks, insurance companies and my own IFA practice, for over 25 years, I have seen first-hand how people manage their money. This is why I wrote Yes, Money Can Buy You Happiness to help people feel better and manage their money more effectively. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. Other articles at www.moneytipsdaily.com Brexit Property Effect – Invest or Wait? Boris has got his deal through Parliament, but not on his timescale. Brexit Property Effect – Invest or Wait? Wait or Invest Is this a flip market? Are we due for a correction? Long term... There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. Yesterday I asked, Are we richer or poorer than in past? In this Money Tips Podcast episode: 90% of new cars and 40% of used cars are purchased with finance Always read financial agreements before you sign them Only sign credit agreements you fully understand Avoid buying depreciating goods – cars, TV’s, Games – on high interest finance Learn to Manage Your Money and Build Wealth Learn more on free ‘property discovery day’ Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

Death and Taxes - Life’s two certainties! From the moment we are born until we die we are taxed in one form or another. With UK government borrowing expected to rise by £500 billion in the next few months if the lockdown on the economy continues, the debt will have to be paid by higher taxes and will take decades to pay off. Britain’s second world war debt of £21 billion owed to America took until 2006 to repay or over 60years. By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: 10 tax saving tips in 10 minutes! See also - 10 things you can do to thrive during Covid 19 isolation 10 Tax Tips Check your tax code, which indicates how much tax HMRC will collect from your salary. Claim tax credits, for extra money to those looking after children, disabled workers and other workers on low incomes Pay contributions to your employer's or your personal pension scheme Meet the tax return deadline and pay tax bills on time to avoid a fine and penalties Claim marriage allowance, which a tax perk that benefits couples where one partner earns less than the personal allowance Reclaim overpaid taxes if you are a non-taxpayer, or your income unexpected falls during a year Claim Landlord’s Domestic Replacement Items Tax Relief – not ‘Wear and Tear’ allowance Claim for the tax-free childcare scheme to claim back 25% of your childcare costs, up to £500 Change to a low-emission car Maximise your annual Isa allowance tax-free allowance of up to £20,000 2020/21 and look at Junior and Lifetime Isas Finally, make a Will to mitigate IHT Inheritance Tax liabilities.   Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? Quit the rat race and retire early You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income. Smart investors take advantage of creative finance ‘no money down’ tools in order to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Free property investment taster day Before you any property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

One in four buy-to-let landlords plan to sell property in the next 12 months 500,000 buy-to-let landlords in the UK want to sell up due to punitive tax hikes and red tape. By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: EU migrants will have to qualify under points system to work in the UK after January 2021 500,000 buy-to-let landlords and property investors UK plan to sell in 12 months Taxes such as 3% stamp duty surcharge and removal of tax reliefs deter investors Landlord tax grab will start to bite after April particularly for higher rate taxpayers Learn about investing in property before buying anything! Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors take advantage of creative finance ‘no money down’ tools in order to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Free property investment taster day Before you any property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

Who will the winners or losers following the coronavirus crisis?   Winners - Technology - Zoom, Cloud services - Netflix 16 million new subscribers - Amazon recruiting 100,000 extra staff - Drug and pharmaceutical - Utilities - small luxuries – Coke, drinks, cigarettes all prospered during the great depression - FAANGS – Facebook, Amazon, Apple, Netflix, Google (Alphabet) - Oil record lows - indicator of global economic activity   Losers Travel Airlines, cruise operators Commercial and office landlords. Will companies retain more workers at home and dispense with expensive offices? Buy to let rental demand down 42% ------------------------------------------------------------------------------------------------------------- What do you think? - 1.5 million more claims for Universal Credit in UK - Councils warned about holding up grants - John Lewis, Stella McCartney, Victoria Beckham, Richard Branson - Tesco  - market cap £22 billion, revenue £63 billion CEO earns £4.9 million   Is real American dream turning into a nightmare? - LA Has 45,000 rough sleepers. It is estimated that they are half a million short of affordable housing. - Based on a minimum wage you would need to work 100 hours per week to afford a one bedroom apartment in Los Angeles. - Thousands of people living in tents, cars and vans on the streets of LA - 22 million people are now unemployed in America with hundreds of thousands registering every day whilst the country is in lockdown.   Discussion – Who will the winners or losers following the coronavirus crisis? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: Which businesses will the winners or losers following the coronavirus pandemic? For instance - FAANGS – Facebook, Amazon, Apple, Netflix, Google (Alphabet) Small luxuries – Coke, drinks, cigarettes all prospered during the great depression John Lewis, Stella McCartney, Victoria Beckham, Richard Branson on support The American dream turns into a nightmare for millions homeless and unemployed Oil market in turmoil as prices reach 18 year low indicating economic growth Opportunities – stock market, options trading, business and buying cheap assets Learn insider secrets on buying and selling in auctions from leading experts See full interview with auction expert https://www.facebook.com/CharlesKellyUK 10 things you can do to thrive during Covid 19 isolation Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? Quit the rat race and retire early You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income. Smart investors take advantage of creative finance ‘no money down’ tools in order to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Free property investment taster day Before you any property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com  See omnystudio.com/listener for privacy information.

Should the Government bailout Richard Branson’s Virgin Atlantic? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: Should the Government bailout Richard Branson’s Virgin Atlantic? Branson does not personally own the airline – Delta, KLM and others Branson is asking Government for a loan offering his Necker Island as security Burger King withholds rent on 500 stores as private rental demand drops by 42% Crude Oil prices reaches and 18 year low as demand collapse and storages runs out Learn insider secrets on buying and selling in auctions from leading experts See full interview with auction expert https://www.facebook.com/CharlesKellyUK 10 things you can do to thrive during Covid 19 isolation Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? Quit the rat race and retire early You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income. Smart investors take advantage of creative finance ‘no money down’ tools in order to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Free property investment taster day Before you any property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com  See omnystudio.com/listener for privacy information.

By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: French workers strike for pension rights government’s can no longer afford Learn to cook and eat fresh food to save a fortune and feel better Spring clean direct debits for memberships you no longer want Banks warned to stop short-changing loyal savers Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode:1. PM rules out early end to Coronavirus lockdown despite falling death numbers2. Thousands of employers apply for government furlough aid to meet payday run3. Markets up 20% recovering from March falls but well short of January peak4. Oil down, Gold reaches highest price since 2012 but physical Gold liquid?5. Learn insider secrets on buying and selling in auctions from leading experts6. See full interview with auction expert https://www.facebook.com/CharlesKellyUK7. 10 things you can do to thrive during Covid 19 isolation Can you afford to retire?Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy?Quit the rat race and retire earlyYou can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income.Smart investors take advantage of creative finance ‘no money down’ tools in order to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.Free property investment taster dayBefore you any property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’.If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: Properties are still being bought and sold during Coronavirus lockdown Learn insider secrets on buying and selling in auctions from leading experts See full interview with auction expert https://www.facebook.com/CharlesKellyUK Stock markets rally on hope of Covid 19 cure, buy still overvalued Learn how to make money on Amazon and adapt your business 10 things you can do to thrive during Covid 19 isolation To attend the one-day training event which will teach you the insider secrets on buying and selling at auction, follow this link:https://www.eventbrite.co.uk/.../mpg-presents-guest...https://www.eventbrite.co.uk/.../property-auction... Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? Quit the rat race and retire early You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income. Smart investors take advantage of creative finance ‘no money down’ tools in order to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Free property investment taster day Before you any property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: Eating fresh home cooked food is cheaper as well as healthier Look at price per kilo rather than just the ticket price Shop a budget supermarkets and pick up bargains by shopping late Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.  See omnystudio.com/listener for privacy information.

By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: Mortgage borrowers "unfairly trapped" on high interest rates when their lenders were nationalised following the banking crisis will launch legal action against the companies Some 150,000 homeowners have been overcharged for years, unable to switch to a cheaper deal after their mortgages were sold on and mortgage market review trapped them One man says he paid an extra £32,000 on higher “Standard Rate Variable” loan The Government said it was working to "remove barriers" to cheaper deals Mortgages in the UK are unfair to borrowers and banks need reforming Housing crisis not only affecting young people wanting to buy or rent Learn to Manage Your Money yourself and build wealth Learn more on free ‘property discovery day’ UK house prices set to rise by 2% in 2020   Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: JD Sports shares rose by 3200% since 2010 Rightmove, Barratts and Persimmon also soared A decade of change and disruption Learn to manage your money Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

UK economy is slowing down and could go into recession says new report   By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast   A report by the IHS Markit/CPS purchasing managers suggests that the UK service sector is slowing down following construction and manufacturing.   The report suggests that the economy shrunk by 0.1% in the three months to September following a 0.2% fall in the previous quarter.   Yesterday, I reported that property price growth has almost ground to a halt. I recently reported that the ONS said that the house prices had slowed to the slowest growth rate since 2012.   Germany is economy is all but in recession and stock markets are going through a rocky patch.   Many people are blaming Brexit, but I believe that this is not the only factor. Economies go through regular cycles of expansion and contraction, boom and bust.   It doesn’t seem like we have had much of a boom since the last crash in 2008, but a longer session was avoided by governments printing money to the tune of trillions of dollars and central banks holding down interest rates.   However, just because a country is in recession, it doesn’t mean that you have to join it. You can take steps to ensure that your economy or your Ucomony keeps going, and even thrives in a recession, and works hard to see you through the storm.   Word of the Day   Macroeconomics   Macro, from the Greek word meaning large.   Macroeconomics takes a big-picture view of the entire economy, including examining the roles of, and relationships between, corporations, governments and households, and the different types of markets, such as the financial market and the labour market. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See also: Should you be buying Gold? 3 Myths of Property Investment Creative Finance Tools for Owning or Controlling Property House Price Growth Slowest Since 2012, Say ONS 10 tips to survive and thrive in the recession - https://podcasts.apple.com/gb/podcast/money-tips-daily-by-charles-kelly-former-ifa-and-author-of/id1347175960?i=1000444007011   If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com  See omnystudio.com/listener for privacy information.

Britain’s Best Paid Boss Is A Woman, It's Not The Queen, So Who Is She? By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: UK’s highest paid executive is Bet 365’s Denise Coates earned £320m Denise Coates turned her father’s betting business into an online money spinner Queens speech outlines government’s agenda with new points-based immigration system Learn to Manage Your Money yourself and build wealth Learn more on free ‘property discovery day’ UK house prices set to rise by 2% in 2020   Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

Investors pull millions from UK property fund By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: Millions withdrawn from M&G property fund Withdrawals suspended as 91 properties cannot be sold overnight Learn to Manage Your Money yourself and build wealth Learn more on free ‘property discovery day’ Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

With the end of the fiscal year 5th April, approaching fast and Coronavirus lockdowns restricting movement, now is the time to start planning on how to make the most of your savings and tax allowances – it could save you thousands! By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: Plan ahead – preferably with an advisor - and don’t leave things until the last minute See your accountant before not after the end of the tax year to reduce tax liability Look at the Lifetime ISA and get up to £1000 tax free from the government Top up your ISA or start one for tax free savings up to £20,000 per year Use your pension allowance and find your “lost” pensions 10 things you can do to thrive during Covid 19 isolation Track down your “lost” pension scheme - https://www.gov.uk/find-pension-contact-details UK Government Business Support Helpline (England)Telephone: 0300 456 3565 Monday to Friday, 9am to 6pm Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? Quit the rat race and retire early You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income. Learn how to make money on Amazon Amazon is one of the largest and fastest growing companies on the planet and its founder owner, Jeff Bezos is the world’s richest man. One of the ways Amazon got so big is by partnering with millions of small traders who benefit from Amazon’s massive leverage by selling their products on their huge ‘shop window’ platform. If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

How long can this mass lockdown continue without causing irreparable damage to the western economy? With 3 billion people in Coronavirus lockdown, and business activity grinding to a halt, are we doing irreparable damage to the west’s economy and driving us into the worst depression since the 1930s?   In this Money Tips Podcast episode: Can the UK government rely on potentially flawed computer modelling? Imperial College Professor Neil Fergusson’s assumptions called out 10 things you can do to thrive during Covid 19 isolation UK Government Business Support Helpline (England)Telephone: 0300 456 3565 Monday to Friday, 9am to 6pm Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? Quit the rat race and retire early You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income. Learn how to make money on Amazon Amazon is one of the largest and fastest growing companies on the planet and its founder owner, Jeff Bezos is the world’s richest man. One of the ways Amazon got so big is by partnering with millions of small traders who benefit from Amazon’s massive leverage by selling their products on their huge ‘shop window’ platform. If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.comSee omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: Chancellor Rishi Sunak launches scheme to give relief to millions of self-employed Up to 80% of average taxable earnings over the last three years will be paid for three months, to a maximum of £2500 pm Grant to be paid as a lump sum by 1 June, backdated to March Benefit rules have been changed to allow self-employed people to apply for universal credit The self-employed can apply for the business interruption loans through the banks £30 billion of tax payments due in July will be deferred until January 2021 Should saving for emergencies be enforced via salary deduction! The only way out of the rat race… 10 things you can do to thrive during Covid 19 isolation Learn about investing in property before buying anything! UK Government Business Support Helpline (England)Telephone: 0300 456 3565 Monday to Friday, 9am to 6pm Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? Quit the rat race and retire early You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income. Learn how to make money on Amazon Amazon is one of the largest and fastest growing companies on the planet and its founder owner, Jeff Bezos is the world’s richest man. One of the ways Amazon got so big is by partnering with millions of small traders who benefit from Amazon’s massive leverage by selling their products on their huge ‘shop window’ platform. If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: Global wealth grew by 2.6% to $360 trillion last year Credit Suisse report reveals Average wealth in GBP has risen every year since 2008 and is now 41% above its 2007 level 47 million millionaires worldwide and $280,000 average wealth per UK adult Learn to Manage Your Money and Build Wealth Learn more on free ‘property discovery day’ UK wealth per adult up 13% “The United Kingdom had a difficult year immediately after the vote to leave the European Union in the 2016 Brexit referendum. Both the exchange rate and the stock market fell sharply. Nevertheless, over 2017 and 2018, wealth per adult rose 13% in USD terms and 21% in GBP terms.” Source: Credit Suisse 2019 Global Report Average wealth in GBP has risen every year since 2008 and is now 41% above its 2007 level Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

Boris Johnson orders thousands of business close and millions to “stay home”, as Amazon’s business booms while UK companies face bankruptcy. No help announced for self-employed. By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: Announcement expected by Rishi Sunak on more help for self-employed Banks yet to Government £370 billion business loan guarantee scheme Burger King and other retailers will refuse to pay quarterly rent due soon What’s happening in the multi-billion pound construction industry? Will the WHO use Coronavirus to force use to stop using cash? Surge in demand for Gold and Silver 10 things you can do to thrive during Covid 19 isolation Learn about investing in property before buying anything! UK Government Business Support Helpline (England)Telephone: 0300 456 3565 Monday to Friday, 9am to 6pm Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? Quit the rat race and retire early You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income. Learn how to make money on Amazon Amazon is one of the largest and fastest growing companies on the planet and its founder owner, Jeff Bezos is the word’s richest man. One of the ways Amazon got so big is by partnering with millions of small traders who benefit from Amazon’s massive leverage by selling their products on their huge ‘shop window’ platform. If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: Markets bounce back with biggest one day rise after Fed pumps in £2 Trillion Announcement expected by Rishi Sunak Thursday on help for self-employed Companies will wait weeks for banks to deliver Government business loan guarantee UK Business Shut Down but online retailers boom - Over to You Amazon? 10 things you can do to thrive during Covid 19 isolation Learn about investing in property before buying anything! UK Government Business Support Helpline (England)Telephone: 0300 456 3565 Monday to Friday, 9am to 6pm Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? Quit the rat race and retire early You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income. Learn how to make money on Amazon Amazon is one of the largest and fastest growing companies on the planet and its founder owner, Jeff Bezos is the world’s richest man. One of the ways Amazon got so big is by partnering with millions of small traders who benefit from Amazon’s massive leverage by selling their products on their huge ‘shop window’ platform. If you’d like more information on how to quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

10 things you can do to thrive during Covid 19 isolation Instead of letting the Coronavirus get you down, use your time creatively to thrive, not just survive during your self-isolation period. By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: Ten tips to stay on top of thing during isolation… Learn about investing in property before buying anything! Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors take advantage of creative finance ‘no money down’ tools in order to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Free property investment taster day Before you any property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.  See omnystudio.com/listener for privacy information.

Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: Average UK houses prices grew by 0.08% in the year to November 2019 Prices have fallen by more than 10% since 2014, more in London New build and help-to-buy has inflated average prices Lifetime ISA (LISA) can help with 25% bonus Long term demand remains for UK property Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: HSBC and Santander Customers set for Refunds of Unauthorised Overdraft Fees M&G Suspends Withdrawals from UK’s Biggest Property Fund Learn to Manage Your Money and Build Wealth Learn more about a free ‘property discovery day’ Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: Manage your own money even if your employ an accountant Always check and understand forms you sign, especially tax returns Pay your tax bills before spending on luxuries Choose life and business partners wisely Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: £30 billion to stimulate the economy following .5% base rate cut Tax cuts for millions as NI thresholds increased to £9500 from April Billions pledged for infrastructure projects in the North and Regions 2% Stamp Duty Surcharge for foreign property buyers £12 billion available to build affordable homes Government will set up a fund to deal with dangerous cladding More bank finance to be made available for business expansion Business Rate relief for small businesses and more R&D spending 50,000 more nurses promised for NHS alongside UK Visa changes Borrow and spend budget will lift future growth and jobs say OBR Learn about investing in property before buying anything! Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors take advantage of creative finance ‘no money down’ tools in order to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Free property investment taster day Before you any property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: Where to get cheaper credit and advice FCA investigate Pawnbroker short-term loans How to avoid using expensive credit and payday lenders Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

The government are introducing a new immigration system to include post-Brexit EU migrants coming to work the UK.   In this Money Tips Podcast episode: EU migrants will have to qualify under points system to work in the UK after January 2021 Minimum salary, skill level and English language ability applied to EU migrants 180,000 more people in UK employment which stands at a record 32 million 8.4 million 16-65 year old’s ‘economically inactive’ says Home Secretary Learn about investing in property before buying anything! Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors take advantage of creative finance ‘no money down’ tools in order to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Free property investment taster day Before you any property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

EU Brexit Negotiations Continue as 2.7 million apply for UK settled status   In this Money Tips Podcast episode Charles goes back to a recording he made just before the Brexit announcement! He discusses: EU Brexit negotiations will continue until October Any deal needs to be ratified by EU Investment still pouring into the UK UK fishing waters to be restored EU citizens rights guaranteed 2.7 million apply for settled status Learn about investing in property before buying anything! Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using creative finance ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBookSee omnystudio.com/listener for privacy information.

Kylie Jenner has sold a 51% majority stake in her cosmetics company for $600 million to Coty. The 22-year-old's brand, including Kylie Cosmetics and Kylie Skin, will be controlled by beauty giant Coty. Forbes said Jenner, who started the company in 2015 from her kitchen table when she was just 18 years old, made $360 million in sales in 2018, making her the youngest self-made billionaire ever. She has 151 million followers on her personal Instagram account 22 million on her Kylie cosmetics account. Also in this Money Tips Podcast episode: Direct investments and loans through peer-to-peer and crowdfunding platforms pay higher interest but carry a far higher risk than bank deposit investments. Investors in Signature Living hotel group demand their money back. Should estate agents be regulated and licensed? Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

Avoid Missing Tax Deadlines! In this Money Tips Podcast episode: 1 million people miss online tax return deadline and risk an automatic fine of £100 700,000 returns filed on 31 January – the last day to avoid an HMRC penalty Tips to get your tax return filed in advance and avoid last minute stress Corona virus hits China’s economy and central bank prepares to inject billions City regulator FCA asks credit card providers to go easy on persistent debtors Life gets back to normal following UK’s EU exit 3 years after referendum Learn about investing in property before buying anything! Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using creative finance ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

In this episode: How to obtain a copy of your credit file How to protect credit rating How to improve your credit score. How to avoid adverse credit scores, CCJ’s and Defaults Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

In this episode: How large is UK job market? How many are self-employed? How many are on zero-hour contracts? What are the trends for working hours, pay and older workers? Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: Will property rise or fall this year? Find out what the experts are forecasting for the UK property market Learn how you can build a property portfolio using none of your own money Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

The once mighty Mothercare chain has become the latest casualty in the British High Street meltdown which has seen thousands of shops close this year. Use them or lose them The choice is simple. You can either shop in High Street stores or continue to buy from Amazon and see those stores close. Remember that Amazon pays very little tax in the UK compare to the retail sector. Even if we save a few pounds buying online, we will all be losing out in the long run. McDonald’s British-born Chief Executive is pushed out of $12 million job after falling foul of the company’s “non-fraternisation” policy. I guess she’s worth it! Ryanair demonstrate how small additional charges and extras can add up to over £7 million in profits. Think about that for your business. McDonald’s has 38,000 restaurants worldwide, but 93% of them are franchises. In other words, they have used other people’s money to expand their business and control rather than own the multi-billion dollar chain of restaurants. Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: UK house prices rose at fastest annual rate – 1.9% - in January for 14 months say Nationwide Could be pent-up demand following the clear general election result and Brexit 31 Jan 20 Prices up 0.5% on December, however, Nationwide, expects house prices to be flat in 2020 Nationwide valued the average UK home at £215,897 which is still too high for many FTB’s Zoopla showed cities outside the south of England saw the biggest rises in prices in 2019 Annual price growth was 6.1% in Edinburgh in December 2019 and Nottingham at 5.2% Bank of England monetary committee voted by 7 to 2 to keep UK base rates at 0.75% Learn about investing in property before buying anything! Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using creative finance ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

I have read thousands of books and articles on success. I’ve listened to thousands of audios, podcasts and even cassettes by successful people talking about the various principles of achievement. They talk about the seven traits of this and the ten things successful people do and so on.   But out of all of the successful people I’ve followed, only one person specifically mentions energy. The energy you need to make it to the top in any endeavour.   He is Lord Jeffrey Archer, the multi-million selling author, former MP and athlete.   In an interview, Lord Archer said that you need a lot of energy to be successful in any endeavour. He cited his own example of how he made it back after losing all his money on the stock market – due to poor advice. He recalled that he had to work during the day and write books during the evening until the early hours. That took a lot of energy and drive, he said.   If he came home from work exhausted and said, “I’m tired” and then just slumped down in front of the television with a beer he would never written his bestselling books which have made him millions of pounds.   I’ve met Jeffrey archer on a number of occasions. Despite his advancing years, he is someone who has tremendous energy and charisma. You can hear it in his voice and see that twinkle in his eye. You can literally feel his energy and vibrational force. He has what people used call a magnetic personality that seems to light up the room.   I met him not long after he had been released from prison after serving a sentence for perjury. He allegedly lied in court about a newspaper libel case against him involving a liaison with a lady of dubious character.   Most people would’ve crumbled and just hidden away from society, but not Jeffrey. He was full of life and promoting a new book he had just published - collection of stories he wrote in prison!   Jeffrey may have his flaws, but you cannot deny that he has achieved a great deal in his life.   When I think of the successful people I know personally, without exception, they all have one thing in common: energy!   They are invariably up in the morning going about their business and getting things done. Even at the weekend they don’t let the grass grow under their feet and you’re more likely to find them doing something active than sleeping on the couch. Many of them have said to me that they find it hard to sit down keep still!   It’s not just about physical energy. You also need mental energy to think through ideas or have the resolve to keep going when things don’t always go your way.   It takes energy to bounce back from a setback or disappointment, as Lord Archer has done many times in his life.   It takes energy to write a book, submit a good CV or read a contract thoroughly.   It takes energy to study for years to obtain a degree, masters or PhD. Doctors and lawyers didn’t get where they are working 9 to 5.   It takes energy to go to meetings in the evening when you’ve already done a hard day’s work or attend training events at the weekend to improve your knowledge and skills.   Where does this energy come from? Are we born with it? Is it God-given or can we create our own energy?   There is no doubt that some people are just born with an enormous amount of energy, talent and drive. That doesn’t guarantee success and many people waste their talent and energy, like the young men burning up their youthful energy and “sowing their wild oats” as the saying goes.   Billionaires like Richard Branson, Elon Musk and the later Steve Jobs and Sir James Goldsmith were all blessed with massive energy, appetite and drive. They seem to be able to burn the candle at both ends and put in long hours to get their business off the ground like boosters on a rocket.   In addition to building a huge fortune, Sir James Goldsmith famously had a wife in Richmond, Lady Annabel Goldsmith and mother of Zac Goldsmith MP and Jemima Goldsmith, while openly keeping a mistress in Paris. He once said that if you marry your mistress you create a vacancy.   Donald Trump’s ex-wife once said that his idea of downtime was reading the Wall Street Journal on a treadmill!   In his bestselling book, Think and Grow Rich, Napoleon Hill went further and said that successful men had high sex drives! He added that they controlled their urges and “transmuted” their sexual energy into something productive.   Interestingly, billionaire Charlie Monger, the partner of Warren Buffett, attributes their success to the fact that they like reading company reports rather than chasing chorus girls.   In effect, he was agreeing with Napoleon Hill, but also confirming that you need something other than energy to be successful.   There is definitely an element of natural energy, just like an athlete born with natural speed or agility. Sometimes you can see it in children who are blessed with certain natural abilities.   Not everyone is born with unique talent like three-time Olympic champion Usain Bolt or swimming superstar Michael Phelps, but there are other qualities in people with high energy which we can tap into.   Passion   Successful people have passion and are extremely passionate about what they do. That in turn gives them more energy and more drive because they like what they’re doing. On the other hand, people who hate their job are not exactly going to work with a spring in their step, and when they arrive they need four cups of coffee to keep them awake!   Okay, so what if you’re not blessed with this super energy and drive? Well, it’s not all bad news.   You can be very successful without being a billionaire or star athlete. If you don’t have that super energy you can still do things to have more energy in your life.   For instance, you can look after yourself, get enough sleep, eat the right foods and take regular exercise. You can also feed your mind with the right food by reading something inspirational first thing in the morning.   Find something you are passionate about and follow your passion. I don’t mean give up your day job immediately, but do what Jeffrey Archer did and follow your passion in your spare time.   We can all find energy to do the things we love, like a hobby or going out with friends. The energy is there within you.   Have you ever noticed that when you’re sitting around all day on a Sunday you feel more tired than you do when you’re at work? This is because our bodies were designed for movement and the more you move, the more energy you seem to have.   People with high energy tend to have a positive attitude and a pleasing personality. They lift you up and can literally light up a room with a positive energy.   People with low, negative energy seem to sap and drain your energy.  They exhaust you and bring you down – to their level. They complain about how bad things are and how they've got “no opportunity” in this country. I point out that penniless migrants come from all over the world to live in the UK because they know this is a land of opportunity, and they usually succeed. Low energy people just can't see it or want it handed to them on a plate. They are the people of the party that nobody wants to talk to!   Finally, stop pissing about wasting time. The founders of Microsoft and Facebook started their businesses while still at university. They could not have become successful if they spent their time partying and drinking. In fact, Mark Zuckerberg developed Facebook as a way of meeting girls on campus.   There’s an old saying, that if you want a job done give it to a busy - coping with a lot of work - person. On the face of it this doesn’t make sense since a busy man or woman already has a lot on their plate. The fact is, busy and successful people are usually organised, focused and driven.   Unsuccessful people are invariably disorganised, unfocused, lethargic and negative. If you ask them to do something, they will tell you that they don’t have time - even if they are unemployed.   A lot of physical energy is actually in the mind. When you have a passion for something, like your hobby for instance, you never seem to lack energy. You never have that “Monday morning” feeling.   I know a lot of people in their late 80s and 90s who do charity work for rotary and other charities. They have energy because they have a purpose in life. One of them plays golf at 95 and looks after his sick wife. Another is involved in several organisations and sings for a local operatic society.   They all know that if they had “retired” at 65 and sat in an armchair watching daytime television they would probably be dead by now.   Another friend of mine who is 81 has amazing positive energy. He still works part time doing in-store demonstrations and exhibitions. Recently he has found a new lease of life doing film extra work. He is now busier than ever doing film shoots all over the place and having a great time.   He recently said to me that when he sits around on a quiet day, he feels tired and lethargic, but when he is out and about filming at six in the morning, he is full of energy.   So, do you have the energy to succeed? Yes you do! It’s up to you to find it, harness it and use it to your advantage.   If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.   Other articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. Would you like an opportunity to attend a free No Money Down Property Discovery Day? email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.See omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: On 31 January 2020 at 11pm the UK will leave the European Union after 47 years How will we prosper and what will the UK look like in the 50 years time outside the EU? What was Britain like in 1973 when it joined the European Communities (EC) Prices were lower, we had many industries and a greater standing in the world ECB is now spending 20 billion Euros a month buying bonds or printing money (OPM) Over 3 million EU born citizens now live in the UK, most will settle here after Brexit Britain will prosper, but tough times lie ahead with US trade negotiations See also my YouTube Channel: Will house prices rise or fall in 2020? Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: Easy way to check the cheapest areas to rent or buy property in the UK Experts predict prices rises but figures will vary from place to place Learn how you can build a property portfolio using none of your own money See also my YouTube Channel: Will house prices rise or fall in 2020? Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBookSee omnystudio.com/listener for privacy information.

Saving is at its lowest rate on record. Experts predict that by 2060, 15 million retired workers will be living on inadequate incomes. How can we encourage people to save more? Behavioural economics is a blend of psychology and economics. One of its leading exponents is David Halpern who heads the Behavioural Insights Team. He and his team spend a lot of his time thinking about how to incentivise us to save more money. Here are some of their most important findings courtesy of BBC’s Money Box which you can find on BBC Radio 4: 1. Use a photo to help visualise your goal 2. Make saving money more fun 3. Keep it simple 4. Rainy day money 5. Save more without reducing your income See full article text at www.moneytipsdaily.com Having worked in financial services, including banks, insurance companies and my own IFA practice, for over 25 years, I have seen first-hand how people manage their money. This is why I wrote Yes, Money Can Buy You Happiness to help people feel better and manage their money more effectively. Other articles at www.moneytipsdaily.com Should banks control our spending? Should banks control our spending By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. Analysis has shown that people with bipolar disorder, depression or obsessive compulsive disorder (OCD) are more prone to overspending and potential... Brexit Property Effect – Invest or Wait? Boris has got his deal through Parliament, but not on his timescale. Brexit Property Effect – Invest or Wait? Wait or Invest Is this a flip market? Are we due for a correction? Long term... There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. No Money Down Property Investing Course – Complimentary Tickets Available If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.See omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: Manage the longest payday gap from Christmas until the end of January Make a plan to slash your credit card debt this year and the next Credit card bills dropping onto your doormat – open the envelope! Use interest free credit card switch deals to give you breathing space Plan to pay off the balance before end of interest free period if possible Always arrange a small overdraft facility with your bank just in case Check your account, savings and ISA’s for best rates Switch bank accounts and receive up to £175 Self-assessment deadline 31st of January Buy travel insurance when you BOOK holidays and flights Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

Millions of people join the local gym in January, but many will quit within a few months. People also try to get their finances in order at the start of the new year, but soon drift back to their old ways of spending on consumer goods and maxing out their credit cards. In this Money Tips Podcast episode: It’s the things you do every day count not a few weeks of exercise or a crash diet Money management is a lifelong process just like living a healthier lifestyle. Learn money management using practical tools like the 3Rs of Money Management Learn how to become a S.M.A.R.T Money Manager Financial education is the key to financial freedom and happiness I was at my gym today and noticed that it was more crowded because of the usual influx of the January new year joiners hoping to lose weight, get fit or lead a healthier lifestyle. That’s great, but how many will still be there in February or March? Unfortunately, many of these new members will drop out within a few months and go back to their usual routine. It’s the things you do every day count, not once in a while. Habits like, washing, brushing your teeth or taking a 30-minute walk will make a difference to your lifelong health. If you really want to lose weight, get fit and live a healthier lifestyle, you need to change your habits. Similarly, if you want to get out of debt and be financially free you need to change your spending and lifestyle habits. Just like healthy eating or exercising, money-management is a lifelong process. If you stop it for a few months your finances will fall into disrepair, just like your muscles will deteriorate and you will gain weight if you stop going to the gym. Don’t let the grass grow under your feet You’ve got to keep on top of your finances and your health, as well as your relationships otherwise, as Jim Rohn used to say, the weeds will take the garden. Money management In my book, Yes, Money Can Buy You Happiness, I teach money management using practical tools like the 3Rs of Money Management and show you how to become a S.M.A.R.T Money Manager. S.M.A.R.T Money Manager S – Spend wisely avoiding expensive consumer debt M – Manage and respect money and make informed decisions A – Accumulate wealth over time taking the long-term perspective R – Review finances on a regular basis and make appropriate changes T - Track income and expenditure on a daily or weekly basis   Let’s take one lesson from the S.M.A.R.T Money Manager system. T stands for: Track income and expenditure on a daily or weekly basis. This can be easily done using a free spreadsheet, an App or a good old notebook and pen. Remember. Education is the key to your successful financial life. Children go through decades of formal education, but leave school or university with little or no financial knowledge. Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

A lot of people say, “you need money to make money”, which is not strictly true.   Yes, some projects do require investment, but I’ve started many businesses with no money and just my efforts. TV money expert Martin Lewis started his Money Saving Expert website for £200 and sold it for millions and describes it has his greatest ever investment. I would say the same about my business investments where my ROI has been infinite.   Assuming you do need money for a project, does it need to be your own money? Of course not!   People have bought and sold businesses, properties and funded projects, expeditions, corporate takeovers for centuries using Other People’s Money (OPM). 7 ‘no money down’ property strategies JV – joint venture with someone who has cash to invest but not the time. Rent to Rent – control property and rent out for a profit. Refinance – draw off equity by remortgaging your, or someone else’s, property. Crowdfunding – sourcing funds from groups of investors. Lease Options – buy now, pay later with option, but not the obligation to buy. Rent to buy – rent now, buy later. Serviced Accommodation – start a serviced accommodation business with leased properties. Word of the Day   ROI / Yield   What is Return on Investment (ROI)?   “Investopedia describes ROI as: Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment or compare the efficiency of a number of different investments. ROI tries to directly measure the amount of return on a particular investment, relative to the investment’s cost. To calculate ROI, the benefit (or return) of an investment is divided by the cost of the investment. The result is expressed as a percentage or a ratio.”   I say, “what I am getting out of this deal?” or “what will I get back on my investment?”!   ROI is sometimes confused with ROC – Return on Capital. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

In this episode: Millions in debt Debt charity deals with 9500 earning £40,000 If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.   Other articles at www.moneytipsdaily.com   Brexit Property Effect – Invest or Wait? Brexit Property Effect – Invest or Wait? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Brexit Effect Wait or Invest Is this a flip market? Are we due for a correction? Long term...   UK Property – £60,000 for a house in Wales or £6 million for a room in Mayfair UK Property - £60,000 for a house in Wales or £6 million for a room in Mayfair By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. If you’d like more information on how to acquire wealth...   More money looking for places to invest that there are good places to invest More money looking for places to invest that there are good places to invest By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Word of the Day: Securitisation. Securitisation is the financial practice of pooling various types of contractual...   When is a ‘Freehold’ not worth the paper it’s written on When is a ‘Freehold’ effectively not worth the paper it’s written on and is more like a leasehold? By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Buyers of new build houses may be shocked to... There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. Word of the Day Capital Gain A capital gain is the difference between what you pay for an asset, such as a property or share, and what you sell it for. Capital gain is a rise in the value of a capital asset (e.g. investments or property) that gives it a higher worth than the purchase price. The gain is not realised until the asset is sold. A capital gain may be short-term or long-term and must be declared for income taxes. Other articles at www.moneytipsdaily.com 3 Myths of Property Investment Creative Finance Tools for Owning or Controlling Property Using NONE of Your Own Money 5 Traits of the Rich Vs Poor House Price Growth Slowest Since 2012, Say ONS UK economy is slowing down and could go into recession says new report Should you be buying Gold? When is a ‘Freehold’ not worth the paper it’s written on 10 tips to survive and thrive in the recession - https://podcasts.apple.com/gb/podcast/money-tips-daily-by-charles-kelly-former-ifa-and-author-of/id1347175960?i=1000444007011 There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. Would you like an opportunity to attend a free No Money Down Property Discovery Day? email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.See omnystudio.com/listener for privacy information.

If you make one new year’s resolution make it this… By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: A decade of change and disruption Learn to manage your money Start a spreadsheet or money app and record everything that comes in and goes out Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

In this episode you will learn more about owning and controlling property using little known creative “no money down” strategies used by professionals to create unlimited wealth and huge property portfolio using NONE of their own money. You don’t know what you don’t know and it’s never too late to learn new strategies and techniques. If you would like more information about no money down tools, email [email protected] Word of the Day Options Holding an option, for instance a lease purchase option, on a property gives you the option, but not the obligation to buy. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See more at www.moneytipsdaily.com: 3 Myths of Property Investment Creative Finance Tools for Owning or Controlling PropertySee omnystudio.com/listener for privacy information.

Not according to Michael Burry, the legendary investor featured in the book and movie, The Big Short, who is predicting a 2008-style crash. American Michael J. Burry is a physician, investor, and hedge fund manager. He was the founder of the hedge fund Scion Capital, which he ran from 2000 until 2008, before closing the firm to focus on his own personal investments. Burry made a fortune betting against CDOs before the 2008 financial crisis and his estimate net worth is $250 million. He currently manages over $100 million in his own fund. In an interview with Bloomberg, Burry said index fund inflows (investment money) are distorting prices for stocks and bonds in much the same way that CDO purchases did for subprime mortgages over a decade ago. The flows will reverse at some point, he said, and “it will be ugly” when they do. “Like most bubbles, the longer it goes on, the worse the crash will be,” said Burry, who oversees about $340 million at Scion Asset Management in Cupertino, California. One reason he likes small-cap value stocks: they tend to be under-represented in passive funds. Here’s what else Burry had to say about indexing, liquidity, Japan and more. Comments have been lightly edited and condensed. “Central banks and Basel III have more or less removed price discovery from the credit markets, meaning risk does not have an accurate pricing mechanism in interest rates anymore. And now passive investing has removed price discovery from the equity markets. The simple theses and the models that get people into sectors, factors, indexes, or ETFs and mutual funds mimicking those strategies -- these do not require the security-level analysis that is required for true price discovery. “This is very much like the bubble in synthetic asset-backed CDOs before the Great Financial Crisis in that price-setting in that market was not done by fundamental security-level analysis, but by massive capital flows based on Nobel-approved models of risk that proved to be untrue.” “The dirty secret of passive index funds -- whether open-end, closed-end, or ETF -- is the distribution of daily dollar value traded among the securities within the indexes they mimic. “In the Russell 2000 Index, for instance, the vast majority of stocks are lower volume, lower value-traded stocks. Today I counted 1,049 stocks that traded less than $5 million in value during the day. That is over half, and almost half of those -- 456 stocks -- traded less than $1 million during the day. Yet through indexation and passive investing, hundreds of billions are linked to stocks like this. The S&P 500 is no different -- the index contains the world’s largest stocks, but still, 266 stocks -- over half -- traded under $150 million today. That sounds like a lot, but trillions of dollars in assets globally are indexed to these stocks. The theater keeps getting more crowded, but the exit door is the same as it always was. All this gets worse as you get into even less liquid equity and bond markets globally.” “This structured asset play is the same story again and again -- so easy to sell, such a self-fulfilling prophecy as the technical machinery kicks in. All those money managers market lower fees for indexed, passive products, but they are not fools -- they make up for it in scale.” “Potentially making it worse will be the impossibility of unwinding the derivatives and naked buy/sell strategies used to help so many of these funds pseudo-match flows and prices each and every day. This fundamental concept is the same one that resulted in the market meltdowns in 2008. However, I just don’t know what the timeline will be. Like most bubbles, the longer it goes on, the worse the crash will be.” “Ironically, the Japanese central bank owning so much of the largest ETFs in Japan means that during a global panic that revokes existing dogma, the largest stocks in those indexes might be relatively protected versus the U.S., Europe and other parts of Asia that do not have any similar stabilizing force inside their ETFs and passively managed funds.” “It is not hard in Japan to find simple extreme undervaluation -- low earnings multiple, or low free cash flow multiple. In many cases, the company might have significant cash or stock holdings that make up a lot of the stock price.” “There is a lot of value in the small-cap space within technology and technology components. I’m a big believer in the continued growth of remote and virtual technologies. The global retracement in semiconductor, display, and related industries has hurt the shares of related smaller Japanese companies tremendously. I expect companies like Tazmo and Nippon Pillar Packing, another holding of mine, to rebound with a high beta to the sector as the inventory of tech components is finished off and growth resumes.” “The government would surely like to see these companies mobilize their zombie cash and other caches of trapped capital. About half of all Japanese companies under $1 billion in market cap trade at less than tangible book value, and the median enterprise value to sales ratio for these companies is less than 50%. There is tremendous opportunity here for re-rating if companies would take governance more seriously.” “Far too many companies are sitting on massive piles of cash and shareholdings. And these holdings are higher, relative to market cap, than any other market on Earth.” “I would rather not be active, and in fact, I am only getting active again in response to the widespread deep value that has arisen with the sell-off in Asian equities the last couple of years. My intention is always to improve the share rating by helping management see the benefits of improved capital allocation. I am not attempting to influence the operations of the business.” “I sold out of those investments a few years back. There is a lot of demand for those assets these days. I am 100% focused on stock-picking.” Source: Bloomberg. In short, pardon the pun, Burry is saying that index or tracking funds are not safe and the amount of money flowing into them is creating a massive bubble, which will ultimately burst causing a recession. But what about managed mutual funds and unit trusts? Surely, if the index funds crash, surely they will follow since they always tell their investors to “stay invested” or “ride out the storm” and people get burned. I am not your financial adviser, so take advice on your investments and pensions funds. Word of the Day Index and Tracker Funds An index or tracker fund is an index fund that tracks a broad market index or a segment thereof. Tracker funds are also known as index funds. These funds seek to replicate the holdings and performance of a designated index. Tracker funds are designed to offer investors exposure to an entire index at a low cost. Source: Investopedia. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See more at www.moneytipsdaily.com: More Recession Warning Signs Should you be buying Gold? 3 Myths of Property Investment Creative Finance Tools for Owning or Controlling PropertySee omnystudio.com/listener for privacy information.

In this Money Tips Podcast episode: Learn to manage your money Start a spreadsheet or money app and record everything that comes in and goes out Hold regular ‘board’ meetings with your family or financial advisers and review finances Plan ahead for the next month, quarter or year and set financial goals to improve your life Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes. Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

More worrying stories have been flagged in recent news stories prompting fears of a looming recession. Earlier today, the FT reported, that the Federal Reserve Bank of New York injected $66bn into short-term lending markets on Monday, building on a series of operations from last week to support the market after a severe bout of turmoil. The cost of overnight cash borrowing in exchange for US Treasuries — known as a repurchase agreement, or repo — soared early last week, pushing the main interest rate targeted by the Federal Reserve out of its target range. That prompted the New York Fed to intervene in the market for the first time in a decade on Tuesday. It subsequently continued daily $75bn cash injections throughout last week. Source: FT.Com Then we had a report in The Times of “central bank warnings” after the Bank for International Settlements warned of the “troubling” rise of negative-yielding bonds to more than $17 trillion. This afternoon, the Evening Standard Business News reported that bank share prices have tumbled following JP Morgan’s “gloomy prediction”. I have previously written about the inverted yield curve, which has always preceded a recession. Property prices are slowing, despite low interest rates and a shortage of housing in the UK, and smart money is moving into safe havens, such as gold and silver. Almost 3000 shops closed in the first half of 2019 and large companies, like Thomas Cook, are going bust putting thousands out of work on a regular basis. I don’t want to be a doom monger, but I think we are due for a recession. Word of the Day Recession In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending. Officially, a country is in recession after a period of general economic decline, defined usually as a contraction in the GDP for six months (two consecutive quarters) or longer. Marked by high unemployment, stagnant wages, and fall in retail sales, a recession generally does not last longer than one year and is much milder than a depression. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See more at www.moneytipsdaily.com: Should you be buying Gold? Thomas Cook goes bust leaving thousands stranded How to earn up to 500% higher yields on your investments without high risks 3 Myths of Property InvestmentSee omnystudio.com/listener for privacy information.

The accommodation platform Airbnb says it plans to go public next year. It was valued at $31bn in its most recent funding round and made more than $1bn in revenues in the second quarter. Airbnb hosts, of which I was once one, have made more than $80bn from renting their properties as of this month, according to the company.   Airbnb, like Uber, Amazon and Apple, have disrupted industries and brought down prices for consumers. But they have also done something else which they have in common - they have all helped small entrepreneurs make money and compete with larger businesses as well.   Airbnb has made $80 billion for landlords, like myself, Uber indirectly employees millions of drivers and Amazon has enabled small businesses to open up online stores and reach millions of people at a fraction of the cost it would’ve been a few years ago.   I started with Airbnb around five years ago when it was quite new in the UK, after hearing about it from my Son.    From the start, it really was an amazing system. I made money from day one and rarely had an empty room. I only gave it up because it was becoming too much work and I couldn’t find anybody reliable to manage it for me.   Now there are companies which manage thousands of properties on behalf of landlords which are rented out through www.Airbnb.com and other platforms like booking.com.   I went to their convention when it was held in Paris. The guys who started the company are still young. They have built a worldwide property business without owning the properties, which is a lesson for all of you to think that you can’t get into property unless you have lots of money. They do of course own their own properties and they used to let rooms out to Airbnb guests just to keep their hand in and set an example.   The convention was amazing and so well organised. The staff were evangelical in their belief in the company and the whole event was almost like a religious experience. Unfortunately, the farewell Saturday night party was cancelled due to the Paris bombings. It was such a shame because Airbnb staff were contributing to helping to clean up parts of Paris in their little way.   I’m sure their IPO will be successful and will be very different from Saudi Arabia is Aramco listing, where wealthy families are being browbeaten in soon investing in the $2 trillion company.   If you would like to know how to get into property drop me a line n Facebook or email [email protected]   Word of the Day   Limited Company or Corporation    A limited company is an organisation and legal entity that you use to set up to run your business. This means that each shareholder's responsibility for financial liability is limited by the value of the shares that they own but have not paid for. Company directors of such companies are not responsible for business debts.   In other words, if you are the sole shareholder and director of a limited company and the company goes bust owing £10 million or is sued for £10 million, you will not be liable for the debt, unless you have signed a personal guarantee or have acted fraudulently.  However, if you are trading as a sole trader, or a partnership, you would be liable for the debts and the creditors could go after you and sees your personal assets such as your house.   Limited companies can also use the letters LTD after their name and the UK is one of the easiest countries in the world in which to set up a company, which can be done within hours online at Companies House, and run a business. The tax treatment in the UK is favourable to business and we have good governance and rule of law.  There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See more at www.moneytipsdaily.com: House Price Growth Slowest Since 2012, Say ONS How to earn up to 500% higher yields on your investments without high risks 3 Myths of Property Investment Should you be buying Gold? Can you really by property with one click?See omnystudio.com/listener for privacy information.

House Price Growth Slowest Since 2012, Say ONS UK house prices rose at the slowest rate to July than at any time since September 2012, up by 0.7%, official figures reveal. According to the Office for National Statistics (ONS) there has been a general slowdown in UK property price growth in the last three years. The overall growth rate has been dragged down by a declining market in London and south-eastern England. However, the latest figures show the biggest drop in prices in the last year was in the North East of England. Property values in the North East region dropped by 2.9% in the year to July and were down by 2.1% in July compared with June, data from the ONS and Land Registry shows. There were also annual falls in house prices in the South East of England (down 2%), London (down 1.4%), and the East of England (down 0.5%). Overall in the UK, the annual rise of 0.7% was the slowest since the 0.4% rise of September 2012. The biggest rise was in Wales, up 4.2%. The typical property in the UK is now valued at £233,000. The ONS/Land Registry data is generally considered to be the most accurate house price estimate, although it covers a period which is slightly earlier than other surveys. The news comes on the back of government measures to penalise buy-to-let investors and anybody buying a property over £1 million, which could be a London flat or small detached in the South East of England.   The Bank of England kept base rates at .75% today, as the US Federal Reserve and ECB cut rates this week.   Word of the Day ONS ONS is the Office for National Statistics. ONS is the official body with responsibilities are collecting, analysing and disseminating statistics about the UK's economy, society and population. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See also: How to earn up to 500% higher yields on your investments without high risks 3 Myths of Property Investment Should you be buying Gold? Can you really by property with one click? New App launched that cancels subscriptions after free trial  See omnystudio.com/listener for privacy information.

British and American household debt had reached record levels, despite high employment, low taxes and historically low interest rates. In the UK, the TUC has called for higher pay rises to solve the problem, but we know that is not always the answer. If you cannot manage small amounts of money, chances are you will not manage larger sums. Unless you change your habits, that par rise or bonus will be blown on more stuff or another holiday before you even receive it. I cover more on managing money in my book on money, but in the meantime, here is THE M.A.N.A.G.E. D.E.B.T. SYSTEM – 10 TIPS TO GET OUT OF CONSUMER DEBT FOR GOOD:    M - MAKE A LIST and prioritise debts in order of importance and cost of servicing the debt. Obvious priorities are things like keeping a roof over your head and maintaining power supplies, rather than paying those who are shouting the loudest. Look at the cost of your loans or credit cards and clear the debts with the highest interest rate or repayment. Clearing the high cost debts first will give you breathing space to pay off other debts faster by saving money on interest. Make a plan to start paying off debts and stick to it. Start clearing expensive debts, like credit cards or worse still payday loans, first so that you can reduce the rising tide of compound interest drowning you by increasing your balance faster than you can clear it. List all debts and monthly repayments on a spreadsheet and plan your route to financial freedom. This one step of making a list of your debts will make a huge difference. A - AXE NON-ESSENTIAL OUTGOINGS. Go through all your standing orders and direct debits and ruthlessly cut out everything you don’t need, especially things like Sky TV or that membership of the gym you only visit once a month. Exercise at home and find a way to walk more often. N - NEVER PAY THE MINIMUM PAYMENT ON A CREDIT CARD. Most people don’t realise that if you just pay the minimum amount required on a credit card it will take years before the debt is paid off. Pay as much as you can and ask the bank to deduct that amount or make extra payments manually to clear the balance faster. A – APPLY FOR A BALANCE TRANSFER CARD. Whilst this is a short-term measure, transferring credit card balances from high interest charging companies to 0% cards will give you breathing space. Watch out for the balance transfer fees which can be a high as 3%. Sometimes it can be cheaper in the long run to pay a small interest rates with no balance transfer fees. G – GENERATE EXTRA CASH. One of the most obvious ways of reducing your debts is to increase your income. This can be achieved in a number of ways including starting part-time business, working extra hours, qualifying for a pay rise or getting a higher paid job. E – ENTITLEMENT TO BENEFITS OR WELFARE SUPPORT. Check if you are entitled to any benefits or tax credits. This especially applies to single parents and people in low paid work. One benefit or tax break could transform your finances overnight. To find out more check on the government website or see your local Citizens Advice if you live in the UK. D – DON’T IGNORE BILLS OR DEMANDS. Never ignore a bill, red letter demand and especially from a debt collector, bailiff or court letter. Burying your head in the sand will not make the problem go away and ignoring any of the above will make matters far worse and cost you a whole lot more in the long run with interest and penalties. Ignoring bills and letters will ultimately lead to County Court Judgements and debt defaults which will stay on your record and credit file for up to six years, effectively ruining your credit rating. E – ENTER INTO AN ARRANGEMENT. Speak to your creditors if you are having difficulties and consider an arrangement after taking independent advice. There are informal and formal arrangements, such as a debt management plan or IVA. Take independent legal and financial advice from a professional, not just from a salesperson selling a ‘debt clearance’ service. B - BE PROACTIVE AND ASK FOR HELP. This could involve talking to your local Citizens Advice office, an independent debt counsellor or even a relative. We all need a little help from time to time and being in debt can be lonely and depressing. T - TAKE YOURSELLF OFF CONSUMER DEBT FOR GOOD. Kick the habit. Never borrow to buy expensive consumer items which depreciate in value, and avoid rip-off deals like rent-to-own consumer products like the plague. The old adage of “if you can’t afford it do without it” should be drummed into this modern ‘I want it now’ age! We have become too accustomed to the ‘buy now pay later’ culture of ‘easy credit’, which should be called ‘easy debt’, and keeping up with the joneses, which I mention in my book ‘Yes, Money Can Buy You Happiness’.   M.A.N.A.G.E. D.E.B.T. MAKE A LIST AXE NON-ESSENTIAL OUTGOINGS NEVER PAY THE MINIMUM PAYMENT ON A CREDIT CARD APPLY FOR A BALANCE TRANSFER CARD GENERATE EXTRA CASH ENTITLEMENT TO BENEFITS OR WELFARE SUPPORT DON’T IGNORE BILLS OR DEMANDS ENTER INTO AN ARRANGEMENT BE PROACTIVE AND ASK FOR HELP TAKE YOURSELLF OFF CONSUMER DEBT FOR GOOD   Bonus Tips Never use expensive payday lenders, unless you have no other choice, and especially unauthorised doorstep lenders will charge you a small fortune interest. Start building your credit rating by making repayments on time and clearing credit cards faster. The higher your credit rating, the more access you will have to cheaper finance and the less you will be dependent on expensive credit.   Word of the Day IVA -Individual Voluntary Arrangement In England and Wales, an individual voluntary arrangement (IVA) is a formal alternative for individuals wishing to avoid bankruptcy. The IVA was established by and is governed the Insolvency Act 1986 and constitutes a formal repayment proposal presented to a debtor's creditors via an insolvency practitioner. Usually (but not necessarily), the IVA comprises only the claims of unsecured creditors, leaving the rights of secured creditors largely unchanged. Insolvency practitioners charge initial and ongoing fees that are in addition to the debt. An IVA is a contractual arrangement with creditors and can be as flexible as an individual's own circumstances; they can therefore be based on capital, income, third party payments or a combination of these. In this process, a debtor who has enough money left over after priority creditors and essential expenses, may be able to arrange an individual voluntary arrangement. Based on taking independent advice, debtors with less serious problems may wish to consider a debt management plan.   The procedure for businesses is the company voluntary arrangement. There is also Administration where the business is effectively run by an appointed administrator. In the US, companies can take advantage of Chapter 11 rules and many companies have come back from this, including some owned by Donald Trump There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.      See omnystudio.com/listener for privacy information.

New App that cancels subscriptions after free trial Have you ever signed up for a free trial online and then forgotten all about it? A year later you realise that you’ve been paying for a service you didn’t really want. Sometimes, it only comes to light when your credit card expires! Good news. A young British entrepreneur has launched service which automatically cancels subscriptions at the end of the free trial period, the BBC reports. The ingenious App was developed by Josh Browder, who in his teenage years invented an algorithm called ‘Do Not Pay’, which continues to successfully fight parking fines. His latest App, Free Trial Surfing, is not directly linked to a customer's bank account or credit card, but Mr Browder says it is in partnership with a major bank. He declined to say which bank was supporting the venture. "The idea for this product came when I realised I was being charged for a $21.99 (£18) gym membership from over a year ago that I was never using," he told the BBC. "In fact, I had completely forgotten that I had signed up for a free trial in the first place. Constantly trying to keep track of when a 'free trial' period ends is annoying and time-consuming." Ironically, he said 10,000 people had signed up to for a “free trial” to try Free Trial Surfing since its launch six weeks ago in the US, where Mr Browder, who is from the UK, now lives. The two most common subscriptions the service has been used for are porn platforms followed by Netflix, he added. How does Free Trial Surfing work? Currently only available on Apple's app store, with a web version in development, customers are sent a virtual credit card number and invented name, which they can use to sign up for a service. The card is actually registered to Mr Browder's firm, Do Not Pay. The app can also forward emails between the service provider and the virtual card so that the customer's own email address is secure. Mr Browder says the card will not work if used to pay for any other form of purchase. He said some platforms were trying to block the service by figuring out which cards belong to Do Not Pay. "Our bank is so big they would have to screw a lot of customers to stop the product. They would have to end the entire free-trial programme," he said. He says that one day he may charge a subscription to use the service, which is currently free. "It took around six months to build," he said. "Right now we're testing it - maybe one day it will be a cheap subscription, like $2 per month. "The reason it took so long was that we wanted to be sure it would be declined if it is used with a real purchase. We won't hold people to account - it will be us who takes the hit." This looks like a brilliant idea, but not sure they have got the application right just yet. Other business news UK house prices rose at a slower rate in the year to July than at any time since September 2012, up by 0.7%, official figures show. More on this in tomorrow’s episode. Inflation growth slowed sharply in August to 1.7% after computer game prices dropped and clothing prices were slow to recover from the summer sales. The Consumer Prices Index measure of inflation fell below 2.1% in July, according to the Office for National Statistics. Word of the Day CPI - Consumer Prices Index Consumer Price Indices are important indicators of how the UK economy is performing. The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them. The indices are used in many ways by the government, businesses, and society in general. They can affect interest rates, tax allowances, wages, state benefits, pensions, maintenance, contracts and many other payments. They also show the impact of inflation on family budgets. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See also: How to earn up to 500% higher yields on your investments without high risks 3 Myths of Property Investment Should you be buying Gold? Can you really by property with one click?  See omnystudio.com/listener for privacy information.

Earn 500% more on your money and enjoy the prospect of long-term capital growth without buying HMO’s, Crypto Currencies or going into other high risk investments.   Low interest rates look set to continue for the foreseeable future. Whilst this is great for borrowers, it is disastrous for investors and people retiring on annuities.   Earning just over 1% on an ISA account is not even keeping up with inflation, let alone giving you a good investment return.   Even gross yields on buy-to-let properties in major cities have fallen below 4% and in London or sometimes around 2%. That’s ‘gross’ yield by the way, before costs such as letting charges and repairs.   What should you the investor do to improve the yield or income you receive on your money, particularly if you are relying on this to provide retirement income?   You can, of course, shop around for the highest rate available on savings accounts, but this is not going to improve your overall return by that much.   The Sunday Times reported this weekend that the highest headline returns on savings accounts were offered for just 72 hours before being withdrawn.   Investors may want to consider high yielding shares as an alternative to deposit based investments.   Yes, there is the risk that the value of your capital can go down as well as up, but many of these are blue-chip companies listed on the London Stock Exchange, which have good prospects of future growth as well as paying higher dividends.   Examples of these FTSE100 index (the top 100 companies listed on the London Stock Exchange) listed companies include the insurer Aviva PLC, which is currently paying a dividend yield of just over 8%.   The insurance company has over 30 million customers, a market capitalisation of £14.2 billion and trades on a P/E ratio of 9.53.   As I write, the shares are trading at 374p, but have been as high as 498p and as low as 350p in the last year.   Aviva is listed as a “buy” by most brokers, but could also be affected by Brexit.   Shares can be held within the tax-free wrapper of an ISA, which means that you would not pay tax on the income or growth.   Another example is the world’s third largest mining company, Rio Tinto, which has a market capitalisation of over £70 billion and is currently paying a dividend of just over 5.5%, trading on a P/E of 10.16.   The business dates back to 1873 and earnings have gone up by an average of 32% each year for the past five years. In August 2019, the company announced its plans to return more than £2.8 billion to its shareholders   However, some brokers recommended selling, as its share price is being threatened by unpredictable weather and a weakened outlook for minerals such as iron ore.   House builders Redrow PLC and Persimmon PLC have both fared well in the last few years, especially with the push for more new homes and the introduction of the government Help-to-Buy scheme for first time buyers.   Redrow has a market capitalisation of just over £2 billion, trades on a P/E ratio of 6.46 and currently has a dividend yield of 5.26%.   The company recently reported a jump in annual profits to £406 million for the year ended to 30th of June 2019, up 7% of the previous year, with annual revenue rising by 10% to £2 billion. Revenue was driven by a 13% increase in legal completions to 6443 homes. There was a 2% drop in the average selling price.   Persimmon is currently paying a dividend yield of just over 12%! That’s a 1200% increase on what most people are getting on an ISA account.   The company has a market capitalisation of over £6 billion, and reported a profit of £1 billion on revenues of £3 billion, yet trades on a P/E ratio of just 6.75.   The business trades under the brand names of Persimmon, Charles Church, Westbury partnerships and Space4.   Despite what you read in the press, around 200,000 new homes have been built each year for the past few years in the UK. There is still demand for property for various reasons, but builders could be dependent on schemes like help to buy, which might be cut.   As I said earlier, the price of shares can go down as well as up and dividends and the value of your capital are not guaranteed.   High yielding dividend shares are generally not that exciting in terms of capital growth. But the companies are expected to grow over the longer term, which means you can enjoy dividends and capital growth on your investment.   These are just a few examples of shares which offer dividends (a share in the profits) of over 5% of the share price.   You can do your own research online by googling high yielding dividend shares, or look at websites such as the London stock exchange and many other finance sites. Nowadays, we have at our fingertips real-time information which would have previously only been available to stockbrokers and financial institutions. You might want to put shares on your list of companies to watch, or ‘watch list’, and wait for the price to be right or when they are ‘on sale’ during a downturn.   As always, seek your own independent advice from an independent financial advisor. However, the best way to invest in shares is to learn more about it yourself, since most advisors would direct you towards a fund (on which some can earn a commission) rather than a direct investment into an asset such as a share or a property.   You can invest in unit trusts or mutual funds, which are collective investment funds specialising in holding income shares.   Word of the Day   P/E ratio   Although I have spoken about this term before, I think it’s important to repeat it here in relation to investing on the stock market.   P/E ratio is the price to earnings ratio or value in a company that measures its current share price relative to its earnings per share (EPS). In simple terms, it is the multiple of earnings you are paying for the business.   The higher the P/E ratio the higher growth investors are anticipating in the future, although this also means that the share price is higher right now and could be overvalued. In June 2019, the average markets P/E ratio was between 20 and 25 times earnings.   Amazon.com’s P/E ratio is 76 right now, which makes it quite an expensive buy even if investors are betting on a high in future earnings.   If you wanted to buy Amazon, you would have to pay 76 times its earnings.   The P/E ratio is just one measure of how investors value a stock and should not be the only measure you use when deciding whether or not to invest. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

Joseph Kennedy, the father of John F Kennedy, once said that when shoeshine boys were telling him to get into the stock market, he knew it was time to get out. That’s exactly what he did just before the 1929 stock market crash, which was followed by a bear market which lasted for decades.   Sometimes I feel the same about property when everyone seems to be jumping on the bandwagon. Now, there is even a company offering investors a way to buy a buy-to-let property with the click of a mouse.   Can you really buy a property online just like ordering something on Amazon? Well, not quite.   Dot, a Californian company with offices in Manchester, effectively gives you the facility to reserve a property online, leaving completion and the legal work to be done later on.   Investors are told that they can buy one and two bedroomed properties costing up to £200,000 in a “few pain-free minutes”, with just a few clicks, and enjoy a yield of up to 6% pa. Once you have selected a property, the company sends out a computer generated image of what the property would look like when refurbished, without investors needing to visit the site themselves. I guess this would be of more benefit in America where a site visit could involve thousands of miles of travel and even a flight.   The company is currently packaging up to 40 flats in Manchester, Birmingham and Leeds, Cities which it has identified as rental growth areas.   They told the Sunday Times that they expect it “will be completely normal for an investor to acquire, renovate and hold properties without ever visiting them in person”.   After the property has been reserved and Dot has carried out a credit check and verified that the investor is earning at least £30,000 per annum, the company lends investor the money to purchase the property and pay all of the stamp duty and legal costs, plus Dot’s 3% fee – which is £6000 based on a typical £200,000.   The loan, effectively a bridging loan, is offered at 0.6% per month or 7% per annum for 12 months. Investors are required to contribute a minimum 25% deposit.   Dot also sets up a limited company in the investors name, so that tax on the profits will be paid at the corporate rate of 19% rather than personal rates of 20%, 40% or 45%.   After the sale has been legally completed, Dot will offer to refurbish the property for an agreed fee, which can take up to three months.   Before refurbishment starts, the investor takes out a second mortgage with Dot, on the same terms as the first bridge, to cover the interest accrued on the first loan plus the cost of the works.   Note that at this point, the investor has still not paid anything more than their initial 25% deposit.   When the works on the property have been completed, the investor takes out a new long-term mortgage to refinance the first two bridging loans, based on the new higher value of the property. Dot then arranges a mortgage at an annual interest rate of between 2.89% to 3.99% for up to 30 years.   This reflects the higher mortgage rates paid by limited companies. It is still a mystery to me why the mainstream lenders have not got in on the market for lending to limited companies at more competitive rates than those offered by some of the more expensive challenger banks.   Investors are free to arrange their own mortgage and find their own letting agency to manage the property.   Bear in mind that unless the property has dramatically increased in value, you will need a bigger deposit than 25% (you are unlikely to be able to raise much more that 75% and may be lucky to get 70%) to take out the previous Dot loan, fees and refurbishment costs.   Based on their current projections, investors who stay with the company would make £3358 per year from a two-bed property worth £207,000 and rented out for £1000 per month or £12,000 per year. The rent looks a little high to me. A quick search on Rightmove showed that you can rent older 2 bed flats for £575 pcm and the only luxury city centre new-build flats command an asking price near to £1000 pcm.   Based on my calculations, this means investors will only receive less than 40% of the rental income. Mortgage payments, ground rent and service charge of roughly 30% (for insurance, tax reporting services and a management fee) are deducted from the rental income.   That doesn’t sound like a 6% rental yield to me and in in reality is more like 1.76% after costs.   Dot claims it will make it easy for people to purchase a buy to let investment without doing any work or research for themselves. However, nobody is going to do all this for nothing so there are quite lumpy fees and charges involved.   On the face of it, the Dot deal looks like an innovative scheme using technology to make it easy to get into property, but there are drawbacks.   Firstly, the advertised 6% yield is a little exaggerated, even without mortgage costs, when you take into account the hefty management fees. You may argue that any property will involve some sort of management fees, but Dot are selling a buying a package.   Secondly, buying a property remotely is always risky.   Thirdly, much of your profit will be eaten up by bridging loan interest costs, which of course are adding to the profits of Dot.   Fourthly, you are almost totally reliant on this company to fulfil the refurbishment and management and you have very little control over either. If the company releases 40 flats onto the market at once, there is a risk that you may not be able to find suitable tenants.   Finally, and most crucially, the scheme relies on a new higher valuation in order for you to remortgage out of the expensive bridging loan. If your lender’s valuer does not agree with Dot’s higher valuation, or the market dips or Dot just gets it wrong, you may end up having to put in a lot more of your own cash than 25% into the deal in order to get out of the punitive 12-month bridging loan.   The scheme could either be a major flop, leaving hundreds of investors out of pocket, or become the “Uber” of property investment.   In the meantime, I’ll stick to my own research and deals. The best way to get into property is to do your homework and learn from experts.   Word of the Day   Land Registry   Official government body that registers most property titles in England and Wales.   Your solicitor will normally do a search to check ownership as well as registering your interest in the property once you have completed your purchase.   If you would like further details on how to learn about property and become a professional property investor, email [email protected] There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See also: How to earn up to 500% higher yields on your investments without high risks 3 Myths of Property Investment Should you be buying Gold?  See omnystudio.com/listener for privacy information.

Should you be buying Gold? Money Tips looks at whether you should be holding precious metals like Gold and Silver as part of your portfolio. Word of the Day Indicators An economic indicator is a statistic about an economic activity, which offers an analysis of economic performance and predictions of future performance.  Top 5 Economic Indicators for Global Investors Gross Domestic Product. GDP represents the market value of all final goods and services produced within a country over a period. Employment Indicators Consumer Price Index. CPI is an indicator of inflation. Central Bank Minutes PMI Manufacturing & Services   Company indicators Sometimes called Key Performance Indicator, KPI’s gives a snapshot of key measures, such as sales, capital reserves or accounts payable turnover, which tell investors and managers at a glace where the business is heading. You could also run a KPI for your health. For instance, how many hours exercise did you do last week? How much alcohol or sugary foods did you consume? Do you smoke, and so on. Based on these KPI’s, you don’t need to be a doctor to know where your health is heading.See omnystudio.com/listener for privacy information.

How to get bursaries and assisted places for top private schools The gift of education is one of the most valuable things you can give to your children. However, the cost of sending a child or grandchild to an independent or private (strangely, also known as a “public school”) school has soared well above the rate of inflation, yet the number of UK pupils in private education has never been higher. Why is this? Part of the answer is that more than £1bn a year of financial assistance is available to parents, enabling one in three students to have their school fees reduced or even waived, according to the FT. School fees have become a major problem for the middle classes in recent years. The cost of a private education is nearly 50% higher than a decade ago, according to data from the Independent Schools Council (ISC). Average fees for day pupils are now nearly £4,800 per term, or just over £14,000 a year. Fees are higher in the Southeast and London, where boarding school fees now average more than £13,000 a term — close to £40,000 per year, according to the ISC. Scholarships and bursaries have become a key factor in affordability, but many parents may not be aware of the level of help available. For instance, at some schools, parents who apply for means-tested support could qualify even if they have a household income of £90,000. Competition for the brightest children means that an increasing amount of assistance is being provided on a “needs blind” basis to pupils with a flair for particular subjects, such as music and sports. My Son won a music scholarship and bursary, which covered part of the fees, and a government assisted place scheme, which was later abolished by the Tony Blair government. The strict application criteria will vary for each school, but typically with a high level of financial disclosure required to obtain means-tested funding. Schools reject assistance requests from parents who own second homes or expensive properties. If the school senses parents could afford to pay the fees by downsizing their home, or asking grandparents for help, they will say so. Independent schools need to justify their charitable status, which has encouraged more generosity in the form of scholarships and means-tested bursaries. The ISC says that £800m of the £1bn provided in “fee assistance” last year came directly from the schools themselves. Over 175,000 ISC students currently enjoy some form of fee reduction, around half of these through means testing. The number of those receiving “free” fully paid places more than 6,000 pupils, an increase of 5 per cent year-on-year. Parents of children who win a scholarship can often also apply for a bursary — often referred to as an “assisted place”. In addition to help with school fees, financial help may be granted towards the cost of expensive uniforms, sports equipment, laptops, trips and other travel costs. The vast majority of this kind of financial assistance is directed at UK families, but many parents do not know how to access the increased funding. “Believe it or not, it’s quite a challenge for independent schools to get applications from the families for whom their bursaries are intended — gifted children from low-income families,” says Catherine Stoker, managing director of Independent Education Consultants, which advises parents on choosing the right school. “Scholarships and bursaries are certainly one of the most ‘searched for’ items on our website,” she says. “Parents often call us for advice on how to secure bursaries — it’s a confusing area. Parents who would be eligible often lack the confidence to call their local independent school and inquire about how to apply. Sometimes they don’t know bursaries exist.” In general, schools will seek to ascertain the “relevant income” — the gross household income less an amount of between £2,000 and £3,000 per dependent child. Having relevant income of £20,000 or less would usually qualify for full fees to be paid, but some schools will provide funding on a sliding scale of up to £90,000. Despite the fact that sending a child to a private school saves the state money, not everyone is happy that the children of relatively well-off middle class families are benefiting from charity. The Labour Party pledged to remove the VAT exemption on private school fees, and could go further by scrapping business rates relief which is granted to independent schools owing to their charitable status. The headmaster of the prestigious Stowe School said middle-class families who could have afforded to pay for private education a generation ago were now being “squeezed out because of affordability”. Assisted places are usually awarded for a set period when a pupil joins a school at the age of 11, although many schools offer specific bursaries to sixth-form entrants. Last year, £420m was provided in means-tested, as opposed to merit-based, fee assistance for pupils at ISC schools; an increase of nearly £160m since 2011. Special bursaries are available for pupils whose parents are in the armed forces, Church of England clergy, or who work for independent schools. There can also be favourable terms for second and subsequent siblings attending a school. As a parent, you will need to do your homework, researching the websites of the schools and applying early. Pupils will normally sit an entrance exam and many parents prepare them for this by taking them to extracurricular classes and cramming schools specialising in helping pupils pass. Top schools like Westminster School, founded in 1560 and earning its royal charter from Elizabeth I for offering help to 40 poor scholars, donate millions to help poorer children. Westminster currently allocates £1.4m a year to bursaries and these can pay up to the full fees of £29,709 per year, plus uniform, equipment and other school expenditure. Its website advises parents: “There are no exact financial criteria for bursaries but in judging a family’s needs, all income, essential expenditure, and all assets in savings, investments and property will be assessed. Where, for example, a home is considered to be too large, in an expensive area or where excess equity could be released, a family may be expected to downsize or remortgage as necessary to release funds. It is also expected that savings in shares, Isas, other investments and equity in second homes will be released. The school will then assess what level of bursary (between 10 per cent and 100 per cent of the fees) is needed.” Where parents live can also give children access to financial help as some bursaries were set up to benefit specific communities. At Harrow School, where Winston Churchill studied, pupils who have lived in London boroughs, including Barnet, Brent, Camden, City of London, Ealing or Hammersmith, for more than two years may be eligible for financial help from the John Lyons Foundation.   The choice of royalty, Eton College, charges boarding fees of more than £42,000pa, but more than one in five pupils receive some form of financial assistance. The school, whose alumni includes countless prime ministers (David Cameron and Boris Johnson), Prince William and Prince Harry, will spend £6.5m this year to support 273 of its 1,300 pupils. The average bursary covers two-thirds of school fees. “We are proud of our bursary and scholarship provision which last year saw 74 boys receiving 100 per cent fee remission and a further 208 boys receiving a range of financial assistance,” says the college. Eton aims to support one in four pupils in future, and is able to fund this from the school’s own resources and donations from its powerful network of alumni. The son of a Windsor pharmacist won a scholarship to pay the full boarding fees for his education at Eton. His father said: “Applying for the scholarship was very easy indeed, he told the FT. The information was readily available on Eton’s website. “At the time, so long as your child was under 10 years of age and had not been to a fee-paying school, you just had to contact Eton and ask to come and sit the scholarship test. “On the day, there were, I think, around 200 or so other children sitting it. It was a week or so before we were notified that they wanted him to come back again. At this follow-up day, there were around 6-10 children called back and they were involved in discussions rather than actual tests. Our son was offered a junior scholarship a few days later.” The income of both parents was assessed and Eton covered all the school fees. “We supplied a detailed list of our income and expenses and Eton then set a contribution level.” The parents paid “a small contribution each term” of around £750 plus any expenses such as dinners, laundry, and society subscriptions. “Our son got A star and A grades in everything, plus a clutch of school awards and went on to read English at Cambridge.” Word of the Day Hedge Fund A hedge fund is an official partnership of investors who pool money together to be guided by professional management firms, not unlike a mutual fund. A hedge fund manager raises money from outside investors and then invests it according to whatever strategy he or she has promised to use. There are hedge funds that specialise in "long-only" equities, meaning they only buy common stock and never sell short. There are hedge funds that engage in private equity, which is the buying of entire privately held businesses, often taking them over, improving operations, and later sponsoring an initial public offering. There are hedge funds that trade junk bonds. There are hedge funds that specialise in property and real estate. There are even hedge funds that put money to work in specialised asset classes such as patents and music rights. In other words, unlike a Mutual Fund or Unit Trust, hedge funds can invest in just about anything. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.      See omnystudio.com/listener for privacy information.

Many people tell me that they want to get into property, but don’t know where to start or which strategy to choose. “Should I try residential or commercial”, they ask me, “single let buy-to-let or HMO’s?”. How will I find the money for deposits, which area should I invest in, should I use a limited company? These are all questions I get asked by people wanting to become a professional property investor. Firstly, let’s get rid of a few myths that may be holding you back from taking the first step.   Myth No.1 - You need your own money to get into property.Not true. There are a number of strategies you can use to get into property investment with either no money or by using other people’s money. Myth No.2 - It takes years of experience and special skills to become a professional property investor.Nonsense. I’ve seen people become investors within a few weeks of taking a course and go on to build a portfolio much larger than “experienced” investors. Myth No.3 - You need special connections and have to be “in the know” to get all the best deals.Again, not so. Anybody can build their network and connections in property by learning and simply getting out there and meeting people. There are hundreds of networking events, courses and seminars running every month, all over the country. Not only can you build your connections at these events, but you can also expand your knowledge.   So how can you get started right now? My friends at Progressive are running several events to give you the opportunity to look at a number of strategies so you can decide which is best for you.   Multiple Streams of Property Income Event 6 - 8th December– Peterborough 17 - 19th January 2020 – Peterborough 24 - 26th January 2020 - Manchester 31st Jan - 2nd Feb – Peterborough An excellent 3 day event covering multiple streams of income and strategies.   I have a limited number of complimentary tickets for these events. If you are interested, message me on Facebook or email me at [email protected]   Word of the Day   Commonhold   Commonhold is a tenure used for new build flats as an alternative to leasehold or share of freehold. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.  See omnystudio.com/listener for privacy information.

Women Need to Invest More Money to Secure Future Prosperity The average British woman invests half the amount they spend on treats, such as clothes, beauty products, gym classes and eating out, says entrepreneur and former Apprentice contestant Jackie Fast. Writing for City Matters, Jackie said they spend £211 per month on day-today treats, but only £98 on saving and investing. Jackie did further research and found that women invest 40% less than men – 61p for every £1. Whilst there are reasons why woman cannot always invest as much as their male counterparts, such as career breaks and the gender pay gap, women still need to up their game when it comes to money management. As a former financial advisor, I frequently saw women leave the all household finances, such as mortgages, pensions and savings, to their male partner or husband. This often led to disastrous consequences during times of divorce or widowhood.  Women need to take control of their own finances, separate from the family budget. Finance is still not widely taught in schools, so it does require some effort. See an independent financial adviser or better still learn more about finances through reading quality newspapers and books on money, attending seminars and courses or by taking a financial adviser course, as advised in one of my earlier Money Tips podcasts.  Word of the Day Derivatives A derivative is an arrangement or product, for instance, as a future, option, or warrant, where the value derives from the value of an underlying asset, such as a commodity, currency, or security. Due to major growth sector in financial markets the trade in so called derivatives has grown. In the financial markets, share prices, bond prices, currency rates, interest rates and dividends go up and down, creating risk. Derivative products are financial products which are used to control risk or paradoxically exploit risk. It is also called financial economics. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

When I was growing up, my mother was stingy by necessity and bought the cheapest food and clothes she could find. I was embarrassed by this, as in those days it was not cool to be frugal. Fast forward to the present and it has become fashionable and even cool to be stingy, frugal and penny pinching. Even the middle classes shops at discount stores like Aldi and Lidl, even if they do make the excuse that they are trying to find a cheeky little Bordeaux for £10 a bottle! Shops like Primark, money saving comparison sites and online stores like Amazon have all boomed in the last few years.   In my book, Yes, money can buy happiness, and my Money Tips podcasts, I obviously promote saving and investment and earning more than you spend. However, a movement in America called F.I.R.E. takes stinginess to a whole new level. The seeds of the FIRE movement can be traced back to the 1992 best-selling book Your Money or Your Life written by Vicki Robin and Joe Dominguez, and the 2010 book Early Retirement Extreme by Jacob Lund Fisker. Followers of the F.I.R.E. or “financial independence” and “retire early”, movement, originating in the US, practice extreme forms of money saving to achieve their goal of early retirement and financial independence. Devotees target savings of up to 70% of their annual income, which they invest for the long term. Their aim is to build a savings pot of 30 years’ worth of living expenses which they typically keep invested in low-cost tracker funds, withdrawing a maximum 4% every year in the hope they will never spend their capital. After years subsisting on next to nothing, their thrifty habits become second nature by retirement that cheap lifestyle is easy to maintain. Some extreme F.I.R.E. disciples aspire to quit their jobs in their 30s or 40s, or at least attain the freedom of a greater work/life balance. Whilst young people all over the internet rave about Fire, it is glorified and extreme retirement saving cleverly wrapped up as some sort of lifestyle movement. Whilst I agree that young, and older, people need to start saving instead of spending on consumer goods, I feel that the flames of their fire may need a little more fuel to keep them warm for 30 or 40 years in retirement. There are a number of obvious flaws in the F.I.R.E. plan. To begin with, like me in my early working life, young people find it hard to save for retirement when they have to save to buy a property. This is made even harder when more than 50% of their disposable income goes towards rent. Those who do save, probably still live with their parents, who would naturally encourage them to put all their savings towards a deposit on a property, which they need now, rather than for a pension which they will need much later. Secondly, when I got married and started a family life got tougher on one income with a mortgage and children, which is part of life for most people.   Finally, I think the “4 per cent rule” based on tracker fund returns is optimistic and outdated, not least because global growth is slowing and bond yields going south. Low-cost trackers are find when the market is rising and being tracked upwards, but the same tracking principle applies when the market is on one of its periodic downturns, which could come soon.   Having a goal to stash away 70% of your income to retire in your 40s, after 20 years of productive work, is not easy, but retiring in your 60s after 40 years of saving and investing is achievable.   Not everyone finds the lifelong frugal lifestyle attractive or practical. Some of the recommended money saving tactics they employ are impractical and time-consuming. Can you really walk everywhere, only shop for “yellow sticker” items on a limited range of foods just before closing time? Can you make your own clothes, which you would find hard to do at a cheaper price than the likes of Primark anyway, or live low-cost pulses for the rest of your life? Retiring young and financially free is a great idea if you can live the life of your dreams, or at least a decent lifestyle with money to travel and enjoy. Without sufficient money, what sort of life will you have to look forward to for the next 40 years? The financial services industry (where I once worked) and governments must make saving more attractive, less complicated and expensive if they are going to get millions of people over the retirement winning line by age 65, let along earlier, since the majority are not even saving 10% of income. In reality, scrimping and saving alone will not make you rich, and will probably leave you feeling stressed and miserable. Think of yourself as a business, a money-making machine. Like any business, you need to generate income, capital and investment returns, as well as keeping an eye on the purse strings. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.    See omnystudio.com/listener for privacy information.

How many hours a week do you work? The outspoken Chinese billionaire, co-founder of the online giant Alibaba supports a 9am to 9pm working day, six days a week. While European countries moves towards shorter working hours – I’m not sure they can get much shorter in France - and more time off, Jack Ma calls for a "996 system", which he describes as an opportunity and a “blessing”. Mr Ma recently wrote that without this formula, China's economy was "very likely to lose vitality and impetus". Fellow superrich tech entrepreneur Richard Liu, the boss of ecommerce giant JD.com, supports Ma’s 12-hour-a-day system. Mr Liu said decades of unprecedented economic growth in China had created more "slackers". The two entrepreneurs do not appear to care much about their employees having a life outside of work, especially when you add up to two hours uncomfortable commuting time to his “996” formula, which probably ends up closer to 7-11-6. The communist state has seen economic growth averaging 10% for more than 25 years, from the 1970s into the mid-2000s, which has since levelled out at around 6%, a rate that the U.S. and Europe would die for. In 1998, Liu founded his company that became JD.com. His work ethic is well documented, saying he would set his alarm to wake him up every two hours to offer his customers a 24-hour, service. He wrote: "JD in the last four, five years has not made any eliminations, so the number of staff has expanded rapidly, the number of people giving orders has grown and grown, while the those who are working have fallen. "Instead, the number of slackers has rapidly grown! If this carries on, JD will have no hope! And the company will only be heartlessly kicked out of the market! Slackers are not my brothers!" Following earlier business successes, including a website building company, Ma co-founded Alibaba, often referred to as “China's eBay”, in 1999 and has developed it into one of the world's biggest internet companies. In my new book, I write about Jack Ma’s story of how he went from teacher to billionaire using other people’s money (OPM) and investment to grow his business. Alibaba's market value is now approximately $490bn (£374bn), and Mr Ma's personal wealth is estimated at around $40bn. Last year, Ma said he will step down as executive chairman in the near future. Most driven business owners do not just work a 9 to 5 day, unlike their employees who do not have the same skin in the game. However, there is an argument that working long hours can be counter-productive beyond a certain point. An U.S. Department of Health and Human Services study, Overtime and Extended Work Shifts: Recent Findings on Illnesses, Injuries, and Health Behaviors, found that working beyond eight hours a day posed health risks and offered little productivity. When I was running a company with staff, the owners worked long hours, but we found that working into the night was unproductive, caused fatigue which led to more errors. Our best employees arrived on time, worked efficiently throughout the day getting their work done and left on time leaving a clear desk. Some corporations may regard employees as expendable pawns in the game of business, or dismiss burnout as an occupational hazard. The most profitable companies invariably look after their staff with good pay and conditions which bring out the best in people. Who says 8 hours is the standard working day anyway? Some people can comfortably put in a 10 or 12 hour day, especially when they are doing something they love. Many professionals, such as doctors and lawyers regularly pull 50 to 60 hour weeks. Not everyone has the same desire or stamina. Do whatever is right for you and look after your health and body, as without this you cannot work or enjoy life to the full.See omnystudio.com/listener for privacy information.

6 Trump Tweets Wipe $500 billion off U.S. Stocks in one day The stock market lost over $300 billion in value in 15 minutes due to six tweets from President Trump. He even joked about the Dow being down later in the day as investors lost over $500 billion on Friday. The Dow Jones closed 623 points down on Friday following the Trump tweets calling Fed the “enemy” and imposing new tariffs on Chinese imports from September. Forbes reported that in the course of 2 minutes on Friday President Trump unleashed 6 tweets about Fed Chairman Powell’s speech at the central bank’s Jackson Hole annual economic policy symposium and China announcing that it would impose 5% to 10% tariffs on $75 billion of U.S. exports to China. The stock market reacted immediately and intensely negatively to Trump’s first set of tweets sending the Dow Jones 30 Industrials down about 400 points in 15 minutes and 500 points within an hour. While the Dow and other indexes were essentially flat to up a bit during and after the Fed Chairman’s speech, the 120 seconds of tweets erased over $300 billion in value in those 15 minutes and the markets fell further during the day. Trump followed up with 4 more tweets later in the day, one of which was joking about the Dow dropping 573 points as investors had lost almost half a trillion dollars. For the day over $500 billion in equity was erased. That’s $83 billion per tweet! As the trade war escalates like a high-stakes poker game, shares started to tumble around the world and could be the trigger for another black Monday when markets open in Asia and then Wall Street. London will be closed for a public holiday on Monday 26 August. Although markets had settled after earlier steep falls, Money Tips predicted that this would not be the end of market turbulence. Word of the Day Correction What Is a Correction? According to Investopedia, ai the world of investments, a correction is generally defined as a decline of 10% or greater in the price of a security from its most recent peak. Corrections can happen anywhere including individual stocks, the indexes that follow stocks or sectors, the commodities and currency markets, or any asset that trades on an exchange.  A correction is a decline of 10% or greater in the price of a security, asset, or a financial market. Corrections can last anywhere from days to months, or even longer. While damaging in the short term, a correction can be healthy, adjusting overvalued asset prices and providing buying opportunities. A Stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are triggered by panic or an event, as much as by underlying economic factors. They often follow speculative stock market bubbles or long bull runs. Significant crashes occurred in 1929, 1987 and 2008, but smaller crashes have happened in between those dates. If you would like to learn how to invest in the stock market and make money whether the market is going up or down, drop me a line on FB or at [email protected]. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.    See omnystudio.com/listener for privacy information.

Listen to this jargon-busting episode.   Word of the Day WTO The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to ensure that trade flows as smoothly, predictably and freely as possible. The WTO has over 160 members representing 98 per cent of world trade. Over 20 countries are seeking to join the WTO. Despite MPs voting against a no deal in March 2019, it still remains the legal default for Brexit until some kind of withdrawal agreement is passed by Parliament. A no deal Brexit would mean we leave the EU, as well as the single market and customs union, and begin trading with the EU on WTO terms. Under WTO rules, countries set their own import rules, so a no deal Brexit means that the government could, in theory, allow goods and services from all countries across the world to be imported into the UK without tariffs or quotas. But it doesn’t mean other countries would have to do the same, meaning that UK exports to those countries would, in many cases, face tariffs and restrictions. In any case, the government have said that under a no deal Brexit scenario, tariffs would still apply to 13% of goods (by value) imported into the UK for up to 12 months. During that time it will undertake a review on a long-term approach to tariffs.  Another way of thinking about free trade is that the UK would be able to decide for itself how trade with other countries would operate. In the longer-term a no deal Brexit would give the UK the greatest agency over its future trade deals, although the exact terms would have to be agreed in negotiation with each individual country. These deals would likely take years to negotiate. Source: https://fullfact.org.     Formation 1 January 1995; 24 years ago Type International trade organization Purpose Reduction of tariffs and other barriers to trade Headquarters Centre William Rappard, Geneva, Switzerland       Membership 164 member states Official language English, French, Spanish Director-General Roberto Azevêdo Budget 197.2 million Swiss Francs (approx. 209 million US$) in 2018. Staff 640     There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook  See omnystudio.com/listener for privacy information.

Albert Einstein once said that compound interest was the most powerful force on earth. What is compound interest? In simple terms, compound interest is the effect of interest being earned, paid or on interest. If you had £100 in the bank earning 7% interest per annum at the end of the year you would have £107. In year two, you are earning 7% on £105, not £100.   The Rule of 72 If you did not touch the interest or savings and the interest continued at 7% per annum how long would it be before your money doubled? The answer is just over 10 years. Look at it from another point of you, if you have a credit card debts rolling up at 20% per annum, how long would it be before your debt doubled in size? The answer is just over three years. However, let’s assume you are paying the minimum 2% off of your debt balance, and for the sake of this exercise we assume that effect is that you will be paying 18% on the debt. It would still only take four years before your debt has doubled in size. Furthermore, just paying the minimum payment on your balance would probably take decades before you could clear it. I’ll give you a quick way to work out how long are some doubles based on an interest rate. It’s called the rule of 72. If you divide the interest-rate that you are earning into 72 or take 72 and divide it by the interest-rate this will give you the approximate number of years will take to double. In the above example, if you’re earning 7% per annum, seven into 72 is just over 10, therefore it will take just over 10 years before your money will double. If I offered you the choice of either £1 million for one penny doubled every day for 28 days, which would you accept? The obvious answer is to take the £1 million, but you’d be wrong to take it, as one penny doubled and compounded over 28 days comes to £1,340,000. Amazing isn’t it. Day one, one penny, day two, two pennies and so on until day 27 it is £650000.   Word of the day Compound interest and the Rule of 72. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook  See omnystudio.com/listener for privacy information.

Universal credit is responsible for tenants on benefits falling behind with rent, according to the Residential Landlords Association (RLA). The RLA said 54% of landlords had reported tenants on the benefits go into arrears in the last year. The BBC reports that Debt charity Turn2Us warned universal credit will lead to "more rent arrears, more evictions and more homelessness". The Department for Work and Pensions (DWP) said landlords had reported seeing fewer claimants in arrears in the last year. David Smith, policy director for the Residential Landlords Association (RLA), said it was taking too long for people struggling on universal credit to get the help they needed. "The system only provides extra support once tenants are in rent arrears. Instead, more should be done to prevent tenants falling behind with their rent in the first place. "Only then will landlords have the confidence they need that tenants being on universal credit does not pose a financial risk they are unable to shoulder." Tenants have also experienced difficulty if finding landlords who will accept benefits claimants. David Samson, welfare benefit specialist at Turn2Us, said the large number of people on universal credit in rent arrears was "a devastating example of the crippling issues with the benefit". "The five week wait for universal credit married with the reality that it is just less generous than previous benefits will only conclude with more rent arrears, more evictions and more homelessness unless the government takes immediate action to fix some of the glaring problems." Chris Town, a landlord in Yorkshire for 31 years, told the BBC that his tenants are "all worried about universal credit; they're terrified they're going to lose the benefit". The experienced landlord said the introduction of the benefit since 2018 had caused many problems. "You give people time to sort things out, but I'm waiting three months for arrears in some cases." He added that there are problems getting access to information. "Up to now with housing benefit we've dealt with the local authority directly which means information was easy to access. "Under universal credit it's not as accessible and you're not really sure what's going on." Universal credit has replaced six benefits, including housing benefit, and merges them into one payment. It's gradually being rolled out around the country, but there are concerns that some claimants have seen their overall support cut. RLA research revealed that 68% of landlords said there was a shortfall between the cost of rent and the amount paid in universal credit. Are you a landlord with tenants on benefits or a tenant claiming Universal Credit? Money Tips would like to hear your views. Word of the Day Fiscal A term used in public or government financial matters. Fiscal year, fiscal report. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.    See omnystudio.com/listener for privacy information.

Invest in yourself and your education. At this time of year, thousands of students in the UK are getting ready to start university in October. Many will be apprehensive about leaving home for the first time, as well as accumulating a large amount of debt at the end of the course. The average student debt for tuition fees and expenses is now around £50,000, which can be daunting for any young person starting out in life. It should really be remembered, however, that you are not paying for your tuition upfront and you do not start repaying the loan (by salary deduction) until you have reached a salary of £25,725 per annum. Studying gives you many advantages in life and greatly enhances your earnings potential and career prospects. Graduates are twice as likely to get a job as nongraduates. The average starting salary for a graduate is now £34,000, £10,000 more than a non-graduate, and this gap will increase as the person lacking in education and skills falls behind. I once heard a figure in America that every year spent in further higher education was worth £200,000 in additional lifetime earnings. Warren Buffett once asked students how much they would sell their lifetime earnings for right now, and predicted that they would sell for too little. When you use debt to invest in yourself, you are investing in and leveraging your future earnings potential. Your earnings and career development will be boosted by any further education, whether it be academic or vocational. When I was running a vocational college, I realised that there are thousands of degree and vocational or apprenticeship courses available in the UK at very reasonable, and sometimes zero, cost to the student. Despite being offered a free vocational course or an NVQ, some students still couldn’t be bothered to get out of bed in the morning and study. Then they complained that there was “no opportunity” in this country! If you want to reduce your debt or self-pay, you can also do a degree at a private college for far less than a university, or save a fortune by studying at a local university rather than packing off to other side of the country. Whatever you decide to do, there is probably no greater investment, than an investment in yourself, and you should never stop learning. It’s never too late to study, whether this be for short-term courses to improve your skills, or going back to university, as I did, to finish a degree or take a masters. Word of the Day Dividend or Divi. When you own a share in a business, the board of directors of the company can declare a dividend, or share of the profits, to the shareholders who are the owners of the company. Used in another context, you could say that education will pay “dividends” in your life. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.  See omnystudio.com/listener for privacy information.

In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but gone and even standard buy-to-let mortgages have become more difficult to obtain.   Most people think that getting a mortgage from the bank is the only way to finance a property purchase, but this could not be further from the truth.   Fortunately, there are plenty of creative strategies for raising finance to buy or control property which can liberate you from the monopoly of traditional bank and building society lenders.   Let’s face it, using the standard method of saving for a deposit and then applying for a mortgage in order to buy an investment property has its obvious limitations. The main problem with this method is that you soon run out of deposits. Many investors using this method run out of cash and hit a brick wall before they are able to buy enough properties to enable them to quit their jobs and become financially free.   Get on the super highway to financial freedom   The traditional method used by 95% of investors is the slow road to financial freedom.   Good news, experts have been able to discover proven ways to secure, control and buy multiple properties with none of your own money – or other people’s money.   This is the fast road or super highway to building a portfolio large enough to give you the monthly cashflow to allow you to quit your job (if that’s what you want to do) and be truly financially free.   If you’d like to learn more about creative finance strategies that you can use to build a portfolio of properties without using your own money there is a one-off opportunity coming up next month.   Basically, a complimentary 2-day creative finance masterclass was put on exclusively for people who attended a previous conference or a paid course and places were filled very quickly. However, the company of just released a limited number of spare complimentary tickets for this special masterclass.   I have just been updated by the team that they have 11 spare complimentary tickets for the last Creative Finance Masterclass this year and I want you to have the first chance to get your hands on these.   Register below to get your hands on a ticket, first come, first served, please note this is one of our limited events I can’t promise this will ever be available again.   Message me now to: Register For Your Complimentary Ticket Email me now if you are able to take one of these places, but only email if you can keep these dates free as these tickets are very valuable.   P.S Here’s what you’re going to learn: Crowdfunding Raising finance Rent-to-Rent to Build Cashflow FAST Financing new developments and Joint venturing How to find investors and how to structure deals The risk, due diligence and security of responsibility that comes with investors SSAS and SIPP’s lending to unlock your pension to buy property AND MUCH MORE!! During the two days you'll learn the tried and tested tips and tricks of creatively raising property finance. You’ll also network with like-minded individuals and discover the proven methods our expert property trainers have used to build multi-million pound property portfolios.   So make sure you act now and register below to get your hands on a ticket, act fast as these will go quick!   Message me your details or drop me an email – [email protected] Register For Your Complimentary Ticket  See omnystudio.com/listener for privacy information.

What should investors do when the stock market is in “turmoil” and recession looms? On Wednesday 14 August 2019, the US stock marker suffered its biggest one day fall since October and the Dow Jones had its sixth worst day in history. Markets recovered by the end of the week when President Trump deferred a tariff increase on Chinese imports. As markets reel and recession appears to be around the corner, The Times interviewed leading experts and economists working for fund managers or insurance companies. These are the people who control billions of pounds worth of investments on behalf of millions of savers and investors in pooled managed funds, from pension funds to unit trusts (mutual funds). Not one expert recommended getting out of the market, even though some admitted that the price of shares could fall. Helena Morrisey of Legal and General advised investors to “stay calm”, which is always easier when it’s not your money at risk? She continued: “Private investors should resist the temptation to cash in their portfolios. By selling in anticipation of possible losses, investors may miss out on the gains that often follow declines in share prices”. In this volatile market, what would you rather do: miss out on a potential gain, or avoid a potential loss? I know which option I’d choose. James Thomson, the manager of the Rathbone Global Opportunities Fund, astonishingly says: “I will be sticking with my long-term strategy and not be distracted by market turmoil. I will be using and market dips to top-up some of the positions in my portfolio”. This is bullshit. Who do they think they’re kidding? Naturally, they want you to “stay invested” in their funds, because that’s how they get paid – they earn billions from management fees and fund charges on your money. My advice is simple. Firstly, take independent financial advice if your adviser tells you to “stay calm” and “stay invested”, find another adviser. Secondly, take a course and learn how to invest in the stock market yourself, or invest in something else you understand, rather than leaving it to highly-paid fund managers, most of whom do not even beat the market average. If you would like to learn more about investing in your spare time, email me at [email protected] or message me on our Money Tips Facebook Community There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

Brexit Property Effect – Invest or Wait? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Brexit Effect Wait or Invest Is this a flip market? Are we due for a correction? Long term investment – get rich long, not get rich quick. Education is the key.   If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.   Other articles at www.moneytipsdaily.com UK Property – £60,000 for a house in Wales or £6 million for a room in Mayfair UK Property - £60,000 for a house in Wales or £6 million for a room in Mayfair By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. If you’d like more information on how to acquire wealth...   More money looking for places to invest that there are good places to invest More money looking for places to invest that there are good places to invest By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Word of the Day: Securitisation. Securitisation is the financial practice of pooling various types of contractual...   When is a ‘Freehold’ not worth the paper it’s written on When is a ‘Freehold’ effectively not worth the paper it’s written on and is more like a leasehold? By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Buyers of new build houses may be shocked to... There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. Would you like an opportunity to attend a free No Money Down Property Discovery Day? email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.    See omnystudio.com/listener for privacy information.

In this episode: UK Prime Minister Boris Johnson has agreed a Brexit deal with the European Union, but has yet to convince Parliament to ratify it when they sit on Saturday. This comes after we were previously told that the EU would not change the previous deal on offer and that there would be no further negotiation. The lesson here is that when you enter into any negotiation, you should negotiate from a position of strength, which often means that you are prepared to walk away from the table.   Words of the Day Crowdfunding and peer-to-peer lending.   Crowdfunding and peer-to-peer platforms are vehicles to allow to enable private investors to earn a higher return on their money by investing more directly into projects. Unlike banks, they pay a higher rate of return, but the risks are not the same as leaving your money in the bank account. If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.   Other articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. 5 Traits of the Rich Vs Poor 5 Traits of the Rich Vs Poor   By Charles Kelly, Property Problem Solver, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast   I spent years researching my book, Yes, Money Can Buy You Happiness, because I wanted to find out why some...   Drowning in a Sea of Debt Drowning in Sea of Debt By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Millions in debt. Debt charity deals with 9500 earning £40,000 If you’d like more information on how to acquire wealth building...   Brexit Property Effect – Invest or Wait? Brexit Property Effect – Invest or Wait? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Brexit Effect Wait or Invest Is this a flip market? Are we due for a correction? Long term...    See omnystudio.com/listener for privacy information.

30 Years of Worldwide Web has changed everything. Is it destroying the High Street? Worldwide web inventor Tim Berners-Lee inventor has called for more control of the internet, which has changed everything in the last 30 years. We can now self-publish articles, books, videos, live broadcasts and podcasts online. We can buy, trade and sell online, which is destroying the high street as we know it. Shop vacancies have hit a 4-year high, which means landlords (which could be your pension fund) are also suffering.   Amazon started 25 years ago and has grown from start-up to one of the most valuable public companies on the planet, with Mr Bezos now the world's richest man. Starting as an online book retailer, it has become a global giant, selling multiple products and becoming the world's second-ever public company to hit a $1 trillion valuation. Amazon has sales of over $234 billion and is expected to rise to over $300 billion by 2020.   One of the reasons the company has grown is their partner programmes which enables online entrepreneurs and retailers to sell goods on the Amazon platform at a fraction of the cost of setting up a physical store. In the past, you needed technical knowledge and skills to set up websites and marketing ability to work online. You needed to find a way of driving traffic to your site. Amazon has solved these problems. The internet has opened up a new world of learning, working, socialising and doing business. We no longer need to go back to school or university to learn new skills. We can work from home, start a business or find a new life partner all from the comfort of our home. Amazon has also enabled thousands of authors to easily self-publish their books online, as I have with my book, Yes, Money Can Buy You Happiness! See link - http://bit.ly/2MoneyBook If you want to quit the rat race and work from home, but can't quite replace your income from your paid job, why not try and gradually make the transition over a period of time?  You can learn how to get started on Amazon or Facebook by following the steps of people who have done all the hard work for you and now want to pass on their knowledge. For more information on Amazon and Facebook courses email [email protected] Word of the Day Leverage Leverage simply means using a lever, or form of help, to make it easier to do something, whether it be buying an asset of moving a rock by amplifying your strength. In financial terms, Ivestopedia describes leverage as using borrowed capital as a funding source when investing to expand the firm's asset base and generate returns on risk capital. Leverage is an investment strategy of using borrowed money—specifically, the use of various financial instruments or borrowed capital—to increase the potential return of an investment. Leverage can also refer to the amount of debt a firm uses to finance assets. When one refers to a company, property or investment as "highly leveraged," it means that item has more debt than equity. Key points Leverage refers to the use of debt (borrowed funds) to amplify returns from an investment or project. Investors use leverage to multiply their buying power in the market. Companies use leverage to finance their assets: instead of issuing stock to raise capital, companies can use debt to invest in business operations in an attempt to increase shareholder value.  Corporate raiders have used leverage to take control of a company using debt secured against its shares in “leveraged buyouts”.   You can also leverage your time and your life by using tools or employing staff and outsourcers. If you are not using leveraging in your life, chances are your life is being leveraged by someone else.  See omnystudio.com/listener for privacy information.

Why Pizza Express and Thomas Cook went bust – A tale of two fallen high street outlets By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Word of the Day Leveraged Buyout A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. Other articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

5 Ways A Stock Market Crash Can Hurt You Even If You Don’t Invest In Shares What does the stock market crash into me when I don’t invest in shares? A lot of people will be saying that they fall in the share prices of the world stock markets will make no difference to them, because they don’t invest in shares. However, the value of the world’s largest companies indirectly affects everyone on the planet in one way or another.   Confidence The markets need the confidence to invest in new businesses and projects, which in turn provide jobs and prosperity. When markets are crashing and the value of companies is going down, there will be less money available to invest. A lack of confidence can ultimately lead to recession as people and businesses stop spending. Investment People assume that investment comes from governments, but in most cases it comes from the private sector. Even if the government do invest directly, where do you think governments get their money?  Taxes Government money is raised through taxes on companies, through corporation tax, income tax most of which is paid by people working for companies, expenditure tax and various other taxes such as capital gains and inheritance tax.When markets fall, companies will invest less, make less profits which means they’ll be less tax to collect by governments. This can lead to tax hikes or borrowing to make up the government expenditure shortfall.   Takeovers and breakups If the company’s share price falls below a certain level, it leaves them vulnerable to a hostile the takeover. In many cases, this will lead to job losses and closures as the new owners seek to maximise their short-term profits. British companies have been subject to a raft of takeovers from foreign companies which, despite promises made, have often resulted in massive job losses when factories and divisions have been closed or moved abroad. Not all takeovers are directly the result of a stock market downturn, but it does leave companies weak and vulnerable to attack by predators. Pensions and managed funds Even if you’re not directly invested in the stock market, your pension, insurance or managed fund almost certainly is. It goes without saying that if the value of the shares, or equities, on the stock market goes down, the value of your pension will follow. If you are in a defined contribution scheme, the value will full almost immediately, which can have devastating consequences especially if you are about to retire. People in a defined benefit or final salary scheme may not be directly hit unless the fund starts to run short of funds.   Learn how to take control of your ‘Uconomy’ rather than the Economy, which you cannot control. I talk more about practical steps to managing your money, getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System, the Stars Who Lost it All and much more. Check it out on Amazon http://bit.ly/2MoneyBook.See omnystudio.com/listener for privacy information.

The fascinating Nile Rodgers story shows that not all wealthy and successful people are solely motivated by making and holding onto money.   It’s a common misconception that all rich people are greedy, money grabbing, only motivated by making money and hoard and keep all their cash to themselves.    I’ve studied the lives thousands of wealthy and successful men and women, and personally know many very rich people.    In 95% of the cases I’ve studied and witnessed, the above assumptions are just not true.    Of course, most self-made people look after and manage their money, and want to ensure that they can leave something for their family when they die. Beyond that, they are usually generous and give fortunes away to charity and worthy causes.    In my personal experience in working with charities like Rotary International, the busiest and most successful people give up their money (The Bill and Melinda Gates Foundation donated $100 dollars to help Rotary end polio) as well as their valuable time in order to help others. They volunteer and show up when asked to lend a helping hand, as well as putting their hands deep into their pockets to support projects financially. Unsuccessful people usually say, “I haven’t got time”.    The common belief that the rich and successful are solely motivated by money is rarely the case.    Successful people have usually found something they love doing, which is why they are successful. To be successful in any endeavour, you have to enjoy and love what you do, otherwise you could not take all of the knocks and setbacks.    Unsuccessful people are invariably doing jobs they hate, which is one of the reasons they are unsuccessful.   Steve Jobs and Bill Gates loved building computers from a young age. Warren Buffett and Charlie Monger love investing and spend hours and hours reading company reports.   The rich also want to make money, but that is not the sole reason for their endeavours. That’s why they go on working long after they’ve made enough money to live on for the rest of their lives.   You may have heard the expression, “he’s made more comebacks than Frank Sinatra”? That’s because the great, and very rich, singer (who’s private was cleaned by a 14-year-old Nile Rodgers) retired several times but got so bored that he kept coming out of retirement to do more concerts well into his seventies.     In an interview for the Sunday Times Fame and Fortune feature, multi award-winning musician, writer and producer Nile Rogers said he had no idea how much he earned last year. He said that his accountants organise enough for his needs and the rest is put into trust or goes to charity.   His financial priorities now are making sure that there is enough money to keep We Are Family Foundation going long after he is gone.     Every year, his foundation takes 35 kids from all over the world to New York to mentor them.  They are kids that he believes will have an effect on or can change the world in a positive way, like Jack Andraka, who as a teenager come up with a $15 screening device for early-stage pancreatic cancer.    The 66-year-old cancer survivor describes himself as a “worker bee” who has been credited on over 1500 albums, which have gone on to sell 500 million copies. He has worked with a wide variety of artists from David Bowie to Madonna and Daft Punk, with whom he enjoyed a renaissance as a performing artist winning 3 Grammys in 2014.    In his younger days, Rodgers was a big spender. He received a $4 million royalty cheque for the 7 million-selling single Le Freak when he was just 27 years old. He went on a big spending spree buying a Porsche and a fast boat like the one he saw on the 80’s TV show Miami Vice, even though he lived in New York at the time. Unlike many of the "stars who lost it all" I feature in my book, Yes, Money Can Buy You Happiness, Rodgers successfully maintained his earnings throughout his career while his spending habits gradually mellowed.   He was adaptable and, like the Gibb brothers, went into writing and producing for other artists when he saw that the 70's disco era was over.    There's a saying that the poor work hard for their money but the rich make the money work hard for them. However, after losing money on Wall Street in the junk bonds scam, Rodgers said he now allows his money to "rest" while he does the work. He “invests” in technical schools in Africa teaching underprivileged young kids to code.   There are of course entrepreneurs who just wanted to be rich, like the Ryanair boss Michael O’Leary who said he set out in his business career to make a lot of money.   Are all rich people nice, generous or mean and nasty? Of course not.   Money is like alcohol; it just amplifies more of who you are. If you’re broke, mean and miserable, money will probably just make you rich and even more mean and miserable!   For Nile Rodgers, money buys him the freedom to do the things he wants to do, to keep on rocking and make a difference in the world. Long may you continue!   Key Takeaways   Not all rich and successful people are solely motivated by making money.   Not all rich people are greedy, money grabbing and only motivated by making money.   The rich and successful, like Nile Rodgers, give an enormous amount of time and money to help others.   Money amplifies more of who you really are.   You can order my book Yes, Money Can Buy You Happiness, on Amazon: http://bit.ly/2MoneyBookSee omnystudio.com/listener for privacy information.

Jamie Oliver lost £25m trying to rescue restaurant chain but what has he learned from failure?   A lot of authors and motivational focus on successful people like Richard Branson, Steve Jobs and Warren Buffett. They talk about copying the habits of successful people, learning from successful people and that’s all fine.   But you can also learn from failure. You can learn from bad habits as well as good habits and you can learn from other people’s mistakes rather than making your own.   A good example is the recent collapse of UK Jamie Oliver’s restaurant empire. The business not only went under, Jamie sunk £25 million of his own cash trying to save it.   I assume that he had no personal liability for the business debts, so he could have just walked away and let it go instead of throwing good money after bad.   However, I’m not sure if Jamie has learned from his own mistakes and doesn’t seem to accept that he even made any apart from being misled by his management.   In a recent interview for the Times, the TV chef blames high rents, or the landlords, business rates and competition from delivery services like Uber Eats and Deliveroo for the downfall of his business, which saw the closure of 22 restaurants and the loss of 1000 jobs.   Whilst the above list might be factors in the story the decline of the business, they are just external factors.   He does not seem to accept that he and poor management had a hand in the mess, although he admits that the “wool was pulled over his eyes” and he had “poor advice”. I’m not sure if that is more in relation to him pouring in £25 million of his own cash to save a sinking ship rather than the mismanagement of the business prior to it going into administration.   A good leader takes the blame as well as the credit for the success or failure of business.   Either way, he’s blaming someone else. To be fair, he might not be able to bare his soul in public, as we are not very forgiving towards failure in this country. Privately he might just be saying, “sorry I screwed up” or words to that effect!   If he felt that rents were high in the prime spots he took on, why did they sign those leases for over 22 restaurants in the space of a few years?   When you sign a lease, you must look at all the clauses and rent review periods and look forward to project future rent rises.   Landlords have businesses to run too. Whilst people may not have any sympathy for what they often called “greedy” landlords, it should be remembered that many of these prime city centre buildings and shopping malls are owned by your pension funds. If they go down, so does your pension.   If rents are too high, the buildings would not be let or the landlord would not be able to find tenants.   There is some evidence that we could be reaching saturation points for shopping developments and maybe rents are too high. Primark are now asking for 30% reduction in rent because of deals done with administrators for companies which have renegotiated rents.   Regardless of that, Jamie took on these leases in prime areas at top rents whilst riding the crest of a wave.   There would have been a lot of competition for these spots and I’m sure the landlords felt that Jamie Oliver was almost a prime blue-chip tenant and good for the rent. Landlords will be left sitting on empty premises with long rent voids. Nobody ever mentions that the landlords might have mortgages to pay when these high-flying businesses come crashing down to earth with a bang.   I was also a commercial landlord and know what it’s like when a tenant pulls the plug.   As for business rates, they are a known fixed cost which would have been factored into the business plan from the start. Not all councils have raised their business rates in recent years. He’s just jumping on the retailer bandwagon of complaining about business rates in relation to online services like Amazon which obviously do not pay business rates for premises.   The truth is, the problem had less to do with increasing costs than decreasing revenue.   You can’t control external factors like taxes, but you can control internal factors and the way you run your business.   Jamie cites home delivery services as a reason for a fall in profits. He does not say why he did not join the booming home delivery market by using companies like Uber Eats, Just Eat and Deliveroo to deliver his food to his customers?   You know the old saying, if you can’t beat them join them.   It’s interesting to note that none of the above companies own or run a restaurant or takeaway establishment. They make money on delivering food and actually help smaller restaurants gain wider access to the online market in much the same way that Amazon does for small retailers.   Just Eat is now valued at £112 million after takeaway.com increased its stake in the firm founded in 2000 by Danish investors. The combined group will be worth over £8 billion   Uber recently launched on the US stock market valuing the company at $82 billion.   Uber Eats is in talks to buy Deliveroo which raised £400 million in venture capital when it launched in 2013 and is now valued at £1.5 billion. Amazon were also interested in acquiring Deliveroo but the deal was blocked by the competition commission.   I like Jamie Oliver and admire many of the things he has done to help young people, even if some critics say he is motivated by self-publicity! I also love his great food and simple TV recipes, and I’m actually able to follow them! I even have one of his books.   I certainly don’t gloat over any business failing and feel sorry for the people lose their jobs.   Having said that, I think Jamie should admit some simple truths.   Firstly, he took his eye off the ball big time. Even if he was not running the business hands on himself, he should’ve been keeping an eye on the figures long before the business went into a downward spiral.   Unprofitable branches should’ve been closed, costs reduced and management shaken up.   Secondly, the management could have adapted the business to a changing market, such as home delivery or lower spending during the Brexit period.   The sad fact is, that the restaurants were not quite as good as the hype. Sorry Jamie, unfortunately the food was overpriced and as a customer I felt that I was not really getting good value. Everything was extra for this and extra for that to complete an already expensive main course. I don’t mind paying for a really good meal, but the food was not quite up to the prices and was not fine dining. I tried several of his restaurants and did not see much change in the menu or special offers that would attract new customers.   I was never asked to register to a mailing list or app for special offers and discount vouchers, as practiced by other chains like Prezzo or Bella Pasta. Today I received another email from Bella pasta offering a £10 special to encourage me back through their doors.   Sadly, there was nothing there that made me want to rush back to any of Jamie’s outlets, although a discount voucher would have helped.   Thirdly, you have to question whether or not he expanded too quickly or open more branches then the management were able to cope with. The company must’ve taken on huge borrowings to open up so many restaurants in a short space of time.   I would imagine they paid premiums for some of the leases on the sites. I don’t think they would have got much change out of £1 million for the set up and fit out for the premises of the restaurant branches.   Jamie was riding on the back of his celebrity name and frame. The public loved him and he could do no wrong. Maybe he believed too much in his own publicity and thought he could do no wrong?   I personally wondered why he did not open up a select few restaurants, like Gordon Ramsey, in a few prime spots or use his name to offer franchises or joint-ventures where he was not taking on all the risk. Yes, it’s easy to say that with hindsight. I do hope Jamie learns from his mistakes and I’m sure he will be back. I believe he also has overseas branches which are not affected by the UK collapse.   The main thing that is that when you make a mistake or things go wrong in your business, you can’t just blame external factors and you have to ask yourself questions like,   What could I have done better? Where did I go wrong? How did I f*** it all up!     There is an old acronym, which is almost become a cliche, when setting up a business plan: S.W.O.T, which stands for:   Strengths Weaknesses Opportunities Threats   You Fill in the blanks.   In summary, failing can be a useful learning experience as well as a stepping stone towards success, as in the classic Thomas Edison experience of 10,000 attempts to invent the right lightbulb.   Most successful business people have suffered Major setbacks at some stage in their business career.   Steve Jobs was fired from the company he founded, but was later brought back to rescue it and make Apple one of the most valuable companies on the planet.   Businesses also have to adapt to changes and threats. In the 1970s, the oil crisis caused petrol prices to skyrocket. American gas-guzzling carmakers were caught short and were almost put out of business by Japanese car makers who made smaller and more fuel-efficient cars.   They regrouped and adapted and come out with their own fuel-efficient cars.   Now they face new external threats from regulators and electric car makers like Elon Musk’s Tesla, whose firm was recently valued on the stock market at more than 100 year old multinational companies like General Motors and Ford, despite never making a profit!   Do you think they are going to just sit back and let Tesla steal their market? Of course not! They are already developing their own electric vehicles, which will no doubt be cheaper and more accessible than the luxury Tesla. They may even buy out companies like Tesla that threaten to take too many bites out of their lunch.   Do you think these companies are going to say, “oh well, the regulators have brought in these new emissions laws and higher taxes so there’s not much we can do about it”?   You can learn from both your past successes and failures by analysing what went right and what went wrong.   The author and speaker David Goggins says he always falls back on a military debrief format used to analyse every operation from his days when he served as a Navy Seal. If he has failed at something, like a world record attempt, he looks at everything that went wrong from preparation and training, to omitting to anticipate possible threats, obstacles or weaknesses in his plan. He then goes back and tries again without making the same mistakes.   It took David two or three attempts before succeeding at many of the things he tried to achieve, such as becoming a Navy Seal or breaking the world 24-hour pull-up record. He talks of that moment of pushing past pain and finding success just the other side or one step beyond his biggest failures.   I talk more about practical steps to managing your money, getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System, the Stars Who Lost it All and much more. Check it out on Amazon http://bit.ly/2MoneyBook.  See omnystudio.com/listener for privacy information.

5 Traits of the Rich Vs Poor   By Charles Kelly, Property Problem Solver, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast   I spent years researching my book, Yes, Money Can Buy You Happiness, because I wanted to find out why some people are rich and others are poor.   What I discovered is that having wealth has little to do with how hard people work, since millions of poor people work hard in jobs putting in long hours of sometimes backbreaking work all of their lives with little to show for it.   It is not all about academic qualifications. Education helps, as academic qualifications will increase your earning power over your lifetime. However, just have a university degree is not the key.   Where you live can make a difference, as people born in a first world country, like the UK, obviously have a huge advantage over millions of others born in developing countries even if they do not always appreciate their good fortune and often waste the many opportunities right in front of their noses! Yet even in poor countries, I have seen both poor and rich people, and observed similar rich traits and habits. If you go to any town in the UK, Europe or America, you will find the poor part of town and the bigger houses on the hill in the wealthier part of town. You will find people who are doing well and people who are struggling.   Is it down to luck? Luck or good fortune can play a part, but we all have those lucky breaks and times when opportunities seem to just fall in our lap. Unfortunately, we don’t always take advantage of those lucky breaks.   Can we make our own luck?   The great golfer, Gary Player, was once told by a spectator during a match, “Gary, that was a lucky shot”. He replied, “do you know, the more I practice, the luckier I get!”.   You could also say that “luck” happens when opportunity or good fortune meets preparation.   No, my research into the rich and successful has shown that it is not just about luck, hard work, education or, within reason, where you were born. Many successful wealthy people I know never went to university and were even thought of a stupid at school, like Richard Branson and Jamie Oliver who were later diagnosed as dyslexic. Billionaires, such as, Bill Gates and Steve Jobs dropped out of college.   Some people might blame external factors like the economy or the government. However, the government in the country like the UK or America makes it easy to set up a business and give tax breaks to entrepreneurs. The UK is a leading world economy and one of the easiest countries in the world to set up a business or a limited company or corporation. It has a good tax regime which encourages people to set up businesses. The economy will always fluctuate a little in boom and bust cycles, but some people seem to do well in good times and bad.   There are also thousands of free and very inexpensive courses, training programs and seminars to help people improve their knowledge and skills.   There are a number of traits of successful people - and by success I am using money as a means of measuring success for this example - whilst recognising that you can be successful in many endeavours that do not involve money.   Here are five common traits that separate the rich from the poor. And by poor, I mean the average person in a first world country living from pay cheque to pay cheque, living in first world poverty. They are not starving, they have the essentials and a roof over their heads, but they are struggling to keep their heads above water.   Mindset   One of the main traits of the wealthy is mindset. How they think about money, their attitude towards money and people with money, and how they think about and value themselves.   The rich think completely differently from the poor.   By changing your thoughts, you can change your life. This has been proved over and over again over hundreds of years, from Napoleon Hill, author of think and grow rich, to Oprah Winfrey who changed her thinking and life after being raped by a relative.   The rich make their money work for them, the Poor Work hard for their money   The poor work hard for the money, rich make their money work hard for them. Hard work alone will never make you rich, especially if you spend every penny you earn and never put anything aside for your future.   Leverage not Just Your Own Efforts   The poor trade their time for money, the rich use leverage. If you’re not leverage in your time you are probably somebody else’s leverage.   When I was young, I was told to get an education and get a good job, buy a house and save for a pension. Later I found out that the letters J.O.B stood for “just over broke’. No matter how hard I worked and how much I tried to save, I could never quite get ahead. It was only when I use the strategies practised by the rich for centuries but I changed my life.   The Rich Shop for Assets, The Poor Shop for Stuff   The poor spend their time shopping for consumer goods such as clothes and gadgets. The rich spend their time shopping for assets, such as properties, businesses and shares, and use other people’s money to acquire these assets.   Assets are not only physical things like a property. Assets can be intangible assets, such as a website, an app, a mailing list, a blog, an idea, a book, a podcast or a song. People are creating assets out of “nothing” or thin air every day. The great singer songwriter Lionel Richie said that “songs are in the air”.   The bestselling author of Rich Dad Poor Dad, Robert Kiyosaki, wrote that assets are things that put money in your pocket, liabilities are things that take money out of your pocket.   Other People’s Money (OPM) not Just Your Own Money   People without money often say things like, “you need money to make money” or “money goes to money”, both of which are limiting beliefs.   The rich have been using the concept of other people’s money for centuries to build huge fortunes, multi-national corporations, institutions and religious organisations.   Free yourself from the limiting beliefs that you need your own money to make money. There are many ways of starting a business and acquiring assets, such as property, even if you have no money of your own.   Although I have known this for years, I recently attended a course on buying property with “no money down”, which blew my mind because I never realised how many tools and strategies that I had been missing.   The speaker explained how five years earlier he’d been living in a room in a HMO, completely broke and over £100,000 in debt. He had to use no money down strategies because he literally had zero money for deposits on properties. A few short years later, he owns or controls a multi-million pound property portfolio, an estate agency and lives with the woman of his dreams in their dream house.   Even if you have your own money, you should learn how to use other people’s money to acquire assets, because that’s what rich people do. Ironically, the richer they are the less of their own money they have to use in business ventures. You say this time and time again with entrepreneurs like Richard Branson he just has to put his Virgin brand to business ventures that are not even his own idea to make another fortune.   The trainer on the course said, follow success and success will follow.   Most people think that the only way to buy a property is to scrimp for years and save up a large deposit. Buy to let investors generally think the same way, but soon run out of money for deposits. Again, these are limiting beliefs.   If you would like to learn how to acquire property assets with no money down, I urge you to take the course to learn how to do it from someone who went from someone who went from broke to multimillionaire in five years.   Earlier I said that the rich acquire assets, the rich use leverage and the rich make their money work hard for them instead of just trading their time for money.   You can learn how to acquire assets using the leverage of other people’s money so that you can quit the rat race and start stop trading your time and life for money. This is not a ‘get rich quick scheme’ and you will not become a millionaire overnight. The first aim is to enable you to replace the income you get from your job within six months, if you follow these the strategies taught on the course. Once you have done this, you can work on your business full time, instead of someone else’s, and from there the sky’s the limit.   If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.   Would you like an opportunity to attend a free No Money Down Discovery Day on 10th October? There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See more at www.moneytipsdaily.com:     Word of the Day   Tenant Buyer – Right to Own   A tenant buyer is a private tenant who is renting a property with a right to buy it on or before an agreed date in the future.   If you are currently a tenant and would like to buy your own home in the future, but unable to do so right now, drop me a line at [email protected] omnystudio.com/listener for privacy information.

If you’re planning your holidays this year, make sure you have adequate travel insurance. Ignoring this advice could bankrupt you or leave you with a huge bill. What is travel insurance? Travel insurance covers things like medical expenses, trip cancellation or delays, lost or stolen baggage and personal liability while you’re travelling. The type of cover you need depends on the countries you’re visiting, the activities you’ll be doing on your travels, e.g. winter sports or summer holidays, and the length of your trip. Your age and health will also be a factor and you may need to find specialists providers. You’ll also need to state whether you want travel insurance for a single trip, multiple trips or for backpacking, as cover may vary and typical policies cover trips of up to 30 days at a time. Why do I need travel insurance? We love to travel, but accidents do happen, which can incur medical bills, delays, lost items and thefts. All of these unforeseen events can prove very costly if you’re not properly insured.  Whilst it sounds like a no brainer to take out insurance, which can sometimes cost as little as £10 for a short trip, 1 in 4 people do not take out any travel insurance for their holidays, according to Compare The Market.com. When you consider the minimal cost of a policy and the fact that travel insurance providers paid out £370m in 591,000 claims last year, according to the Association of British Insurers (ABI).  The potential costs of travelling without insurance for emergency medical care are horrendous. The ABI has examples of what has been paid in 2017 for claims that you would have to pay for yourself (in some cases, on the spot or before medical treatment) if you had no insurance cover: £768,000 was paid to cover the medical costs of treating a traveller who suffered a stroke in the USA. This includes £60,000 for an air ambulance back to the UK. £125,000 to pay for surgery following a jet-ski accident while holidaying in Turkey. £136,000 for treating complications following an insect bite in Chile. This included paying for a nurse to escort the traveller home.   I have seen first-hand what happens when people have no insurance. Two friends of mine had family deaths on holiday in Spain. One family had travel insurance, but the other did not because he was driving instead of flying to Spain. It cost the family a fortune to fly the body back home and pay all the handling charges. It doesn’t matter whether you’re taking the family to the beach, a student on your gap year taking the trip of a lifetime or simply making the most of your retirement, you must find a travel insurance policy to keep you covered. As I say in my book, the wealthy know how to preserve their money and protect themselves against liability. As I’ve said in previous podcasts and in my book, making money and keeping money are two different skills. Make sure you watch your back because you never know what’s coming your way. Read about money mindset in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBookSee omnystudio.com/listener for privacy information.

Preparing for and thriving in a recession Pension scams cost Brits 4 billion a year and could be the next big financial scandal according to the Sun. Problems started a few years ago after the then Chancellor George Osborne changed the rules to allow savers to access 25% of their pension pots tax-free from the age of 55. Thousands of people have since been scammed out of their money or made poor investments and lost everything. In the past, we could not touch our pensions until age 60, but the rules have become more flexible leading to some people foolishly frittering away the money that would've otherwise bought a secure pension in an annuity for life during retirement.  We know that the average pension pot of someone in the 50s is around £70,000, indicating that there will be a major shortfall in pension savings for millions of people in 10-15 years’ time. An awful lot of people will be unable to retire and some could be homeless. In other news, the current Chancellor Philip Hammond said he will resign from the government if Boris Johnson is elected leader. Hammond is a known remainer and, along with fellow remainer MP’s, may attempt to block Brexit.  The Brexit saga could run and run leaving the country and the EU in a state of limbo or uncertainty thus deterring investment. A government thinktank recently warned that a no-deal Brexit could wipe 10% off UK property prices.   The United Kingdom has a recession around every 10 years and we are 10 years on from the last recession, so it doesn’t take a financial genius to work out that we are due for one in the next few years. However, it does take a genius to tell you exactly when the next recession will be! In my experience, recessions often come from almost out of the blue triggered by an unexpected event, such as the 1970s oil crisis or the 2008 financial meltdown. Currently, we have several possible causes of recession, including Brexit, the America-China trade war and increased tensions in the Gulf after Iran seized a British oil tanker. Recessions are just part of life and they come and go, so we all need to prepare for lean times as well as good, like the Joseph story in the Bible. Joseph prophesised 7 good years, followed by 7 lean years and famine and told the Pharaoh to store grain during the good years. How many governments have enough grain in the store?   You need to ensure you are not carrying too much consumer debt or even too much good debt on properties or business when the downturn hits. On the plus side, a downturn opens up opportunities to acquire assets at greatly discounted prices. For instance, if and when the stock market has a correction, or crash, there will be a number of good company’s shares on sale at below asset value. That will be the time to buy.  The same applies to property, even if you don’t have much cash.   Can You Acquire Property With No Money Down? Yes you can! Learn multiple no money down strategies by joining me at the “No Money Down Weekend” in London on 27 July. For more information, email me at [email protected]    See omnystudio.com/listener for privacy information.

People booking package holidays, as opposed to flight only deals, are covered by the ATOL protection scheme. About ATOL The law says your holiday must be protected if it is a package holiday. ATOL (which stands for Air Travel Organiser’s Licence) is a UK financial protection scheme and it protects most air package holidays sold by travel businesses that are based in the UK.   The scheme also applies to some flight bookings, usually those where you book flights (including UK domestic flights) but do not receive your tickets immediately. ATOL was first introduced in 1973, as the popularity of overseas holidays grew. After a number of high profile travel business failures left people stranded overseas the UK Government realised consumers required protection when their travel providers fell into difficulties. ATOL currently protects around 20 million holidaymakers and travellers each year. If a travel business with an ATOL ceases trading, the ATOL scheme protects consumers who had booked holidays with the firm. It will support consumers currently abroad and provide financial reimbursement for the cost of replacing parts of an ATOL protected package. The scheme is designed to reassure consumers that their money is safe, and will provide assistance in the event of a travel business failure. Statement by the CAA (Civil Aviation Authority): Thomas Cook has confirmed that all the UK companies in its group have ceased trading, including Thomas Cook Airlines. As a result, we are sorry to inform you that all holidays and flights provided by these companies have been cancelled and are no longer operating. All Thomas Cook's retail shops have also closed. The Government and the Civil Aviation Authority are now working together to do everything we can to support passengers due to fly back to the UK with Thomas Cook between 23 September 2019 and 6 October 2019. Depending on your location, this will be either on CAA-operated flights or by using existing flights with other airlines. If you are already abroad you will find all the information you need about your arrangements to get home on this website. If you are due to depart from a UK airport with Thomas Cook Airlines, please do not travel to your UK airport as your flight will not be operating and you will not be able to travel. This repatriation is hugely complex and we are working around the clock to support passengers.  For more information, visit: https://thomascook.caa.co.uk/ ATOL - https://www.caa.co.uk/atol-protection/ You can also claim back money which you paid using your credit card under and even your debit card under the banking ‘charge back’ scheme. Contact your credit card provider or bank. Thomas Cook is probably the oldest travel agency in the world with roots going back to 1841 when the original Thomas Cook arranged a rail excursion from Leicester to Loughborough. Recently, it has become burdened with debt and has run out of cash and support from its bankers, leaving the directors no other choice but to put the company into liquidation. What is the underlying problem?...listen to the full podcast for more thoughts and insights into the demise of the once dominant travel agent. Word of the Day Liquidation Liquidation is the legal ending of a limited company, stopping the company from doing business, or employing staff. It is also possible to be technically solvent and unable to repay debt. This occurs when a company is “cash insolvent” and with assets that exceed its liabilities, but unable to source additional funds. The primary difference between the two procedures is that company administration aims to help the company repay debts in order to escape insolvency (if possible), whereas liquidation is the process of selling all assets before dissolving the company completely.  See omnystudio.com/listener for privacy information.

A recent report explains how the UK government is planning to expand its dormant accounts scheme to include some pensions, shares, and bonds, and take our money and donate billions of pounds to charity, according to Hargreaves Lansdowne. The scheme will eventually mirror the dormant account scheme where the provider hasn’t been able to get in touch with the investor for at least 12 years, and there’s been no activity on the account. If you hold only cash in your account then after six years it will be considered dormant. Banks and insurance company’s charges and fees will not be dormant, but your account will be considered dormant! Your money could be taken and “allocated” to good causes by the National Lottery Community Fund. However, the current dormant accounts scheme gives people the right to reclaim their money at any time in the future. The dormant accounts scheme has been running since 2011, and £1.2 billion in so-called dormant bank and building society accounts has been earmarked for charity. 3 steps to help avoid losing your accounts 1. Simplify your investments It’s easier to track things if you don’t have multiple pensions, investments, and savings accounts in different places. Consider consolidating them with a single service, without losing any valuable benefits, subject to the government deposit protection limit of £85,000. As always, take independent financial advice. 2. Record and inform family members Record and create an asset register (or just a simple list on a spreadsheet or on paper) listing what you have, and where your accounts are. Keep this securely with your Will (which can be kept with a Solicitor or the executors of your estate) so nothing goes missing after you have left this earth. You should also talk to your close family about savings and investments, which also involves them in the investment decisions. 3. Review Review your finances at least once a year and update your assets register. This is a good way of reviewing interest rates and investment performance. Listen to my Money Tips podcast The 3 R’s of Money Management, tow of which are ‘Review’ and ‘Record’, on iTunes or Stitcher. How to find lost accounts and investments Lost pensions If you had an employer, workplace pension, you’ll need the name of the employer or the scheme and the dates you worked there. Contact the employer and requestor contact details of the administrator. For insurance company personal pensions, try to find any old paperwork to give you an idea of where yourSee omnystudio.com/listener for privacy information.

Whatever may be said in praise of poverty, the fact remains that it is not possible to live a really complete or successful life unless one is rich. No man can rise to his greatest possible height in talent or soul development unless he has plenty of money; for to unfold the soul and to develop talent he must have many things to use, and he cannot have these things unless he has money to buy them with. Man develops in mind, soul, and body by making use of things, and society is so organized that man must have money in order to become the possessor of things; therefore, the basis of all advancement for man must be the science of getting rich. The object of all life is development; and everything that lives has an inalienable right to all the development it is capable of attaining. Man’s right to life means his right to have the free and unrestricted use of all the things which may be necessary to his fullest mental, spiritual, and physical unfoldment; or, in other words, his right to be rich. From T'he Science of Getting Rich' by WD Wattles, Published 1910   This book influenced Napoleon Hill, who wrote think and grow rich many years later. His book went on to sell over 10 million copies. Many of the ideas contained in both books are still relevant today.  These and other authors inspired me to write my own book, 'Yes, money can buy happiness' and turn it into an online course. In today's podcast, Charles has taken a section on getting rich in the digital economy is taken from his book. By the end of this, you will learn how the digital economy has changed everything and opened up more opportunities to get rich than at any other time in history.   There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.      See omnystudio.com/listener for privacy information.

10 tips on how to survive and thrive in a recession   In the last episode we covered the inverted yield curve, which is a sign of a pending recession. In this Money Tips episode, I want to cover surviving and even thriving during a recession, as sooner or later, one always comes.   Prepare for a recession because one always comes sooner or later. Economies of the world will always have their ups and downs. The Sun doesn’t shine all the time. There is night and day, summer and winter and boom and bust. By adequately preparing, for instance by cutting costs you cannot only survive a recession but even thrive during the recession.   Save and create an emergency fund. This is pretty obvious, but it is surprising how many people have no savings whatsoever let alone a contingency fund for lean times. Most people not only spend what they earn but spend more than earn. They act like the good times will never end, but nothing stays the same forever. You should ideally have an emergency fund in the bank which would be equivalent to 6 months’ worth of household bills. If you are self-employed or a small business owner, make that 12 months.   Pay off and cut out consumer debt. Being debt free is liberating and that should be your aim. I’m not talking about dates that you would use to buy a property or your main home. That’s good debt. Bad debt is consumer debt buying stuff you probably don’t need and could easily live without. As Warren Buffett said, buying consumer goods on credit cards at 16% interest rate per annum is dumb. This is why he owns credit card companies.   Create additional or multiple income streams. In the recession, people lose their jobs and businesses. It’s always useful to have a second string to your bow so think about ways that you could earn an additional amount per month. For instance, a side line business, such as Amazon trading or property deal packaging, which require little upfront investment. Alternatively, consider a part-time job. This will also help you save money and prepare for Ailene period.   Check on your investments and think about diversifying if you are heavily into equities or shares. Obtain independent financial advice, especially on the money is in your pension fund, which are probably invested in equities. The stock market has been on a 10 year bull run which cannot last.   Talk to your family or friends. Share the burden and explain to everyone that you may have to tighten your belt for a while until you get through this challenging time. This will help you reduce stress and anxiety.   Reduce expenses to live within your means. This might sound obvious, but I would suggest that you do this before you it’s a recession. Examples include, cutting on discretionary spending for things that you don’t need, even if they are 50% off in the sale! Cutting back on subscriptions for that gym you hardly ever visit or cable TV you don’t get much time to watch. Reviewing your mortgage is another useful way of reducing your outgoings now so that you can save for the future. Food is a major expenditure and there is always savings that can be made while still eating healthily.   Be that indispensable employee so that money still is keeps coming in. There is never a good time to slack off at work or coast along, but during a recession this could be fatal. You want to be the type of employee that would be the last person they want to let go.   Keep saving money as part of your budget. Get into the habit of saving however much money you have coming in and keep this lifetime habit that will see you through good times and bad. Remember, that during a recession there are bargains to be snapped up in the stock market and property market. If learn how to become a stock market a property investor and do your research now you’ll be well placed to thrive during a downturn.   Avoid recession depression and try to enjoy life. It’s easy to become down and depressed and think that the world is coming to an end during a recession, but the truth is they never last that long and things will eventually get better. Accept the challenge and try to enjoy life even if times seem bad.   In my book, I talk about the wealthy who know how to preserve their ‘economy’ or what I call the ‘Uconomy’ and protect themselves whatever the outside economy is doing. They usually follow the ‘3 R’s of Money Management’, outlined in Part 3 on ‘How to Grow and Manage Your Money’. As I’ve said in previous podcasts, making money and keeping money are two different skills. Read about money mindset in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook  See omnystudio.com/listener for privacy information.

Should you be bothered about the US inverted yield curve and what is it? When the yield on a 10-year US Treasury Bond falls below three-month government debt it signifies a recession is on the way. The gap between three month and ten-year yields has been negative before every American recession in the past 50 years according to the Financial Times. The news comes as the troubled Deutsche Bank announced 18,000 job losses worldwide, which will affect its City of London operation where it employs 8,000 staff. What should you do to prepare for a downturn in the economy? I’ll be going deeper into tips on surviving and thriving during a recession in part two of the podcast edition. In my book, I talk about the wealthy who know how to preserve their ‘economy’ or what I call the ‘Uconomy’ and protect themselves whatever the outside economy is doing. They usually follow the ‘3 R’s of Money Management’, outlined in Part 3 on ‘How to Grow and Manage Your Money’. As I’ve said in previous podcasts, making money and keeping money are two different skills. Read about money mindset in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook      See omnystudio.com/listener for privacy information.

Motorists and most small businesses are required to have public or third-party liability insurance, but most of us don’t think about protecting our personal liability until it’s too late.  You could lose everything if something goes wrong and you are sued for damages, such as a personal injury to a third party.  In a recent case reported in The Times, a cyclist knocked down a woman who walked into the road while looking at her mobile phone. A judge ruled that they had shared liability and awarded the woman £4,162, half the sum she had claimed. However, he could be forced to pay her legal costs of £100,000.  Since the accident, there has been a rush to join cycling organisations, such as Cycling UK, which include liability insurance in their membership package for as little as £3.88 per month. As I say in my book, the wealthy know how to preserve their money and protect themselves against liability. As I’ve said in previous podcasts and in my book, making money and keeping money are two different skills. Make sure you watch your back because you never know what’s coming your way. Read about money mindset and the movie stars who blew it all in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook    See omnystudio.com/listener for privacy information.

How much pocket money should parent s give to their children? Should they earn pocket money in return for chores? Teaching kids the value of money. Help your children to develop a positive money mindset from a young age, as it will have lasting benefits throughout their lives. If you are interested in developing and improving your money mindset, check out more on this subject in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook  See omnystudio.com/listener for privacy information.

Longer term mortgages to help stretched first-time buyers on the rise. Barclays Family Springboard Mortgages explained. Watch your pension manager to ensure you are not losing out in poor performing funds. Will you be able to retire?See omnystudio.com/listener for privacy information.

More P2P lenders losing investor’s money and in trouble, as FCA impose restrictions. One scheme issued funds before planning permission was granted and the deal is now in default. Find out how you can learn how to do your own deals from professional trainers, rather than putting your cash into the hands of others. Property investment is not just about buy-to-let or becoming a landlord. There are dozens of strategies from development and conversions to rent-to-rent and lease purchase options which require little or no deposit and no mortgages. You can learn these strategies and more by attending short courses where you get to meet expert trainers and investors, as well as network with likeminded people. Who knows, you could meet your future business or JV partner at an event? If you like further details about property courses, such as a one-day introduction to property investing, drop me a line to [email protected] I have a limited number of complimentary tickets to attend an excellent course run by experts, which will give you a clear overview into the market. Here are some of the courses coming up in the next few months: Multiple Streams ff Property Income (Three days of world-class training) Beginner Property Secrets (Full days training) Deal Packaging Discovery Day Serviced Accommodation Discovery No Money Down Discovery For full details and a list of further courses click here to learn how to become a UK property investor or go to http://bit.ly/2ZVAVtvcourses.See omnystudio.com/listener for privacy information.

This simple, 4 step process will help you stay on top of things and feel better about yourself whatever the outcome. Do you find yourself feeling overwhelmed by endless to do lists and a tray full of things to sort out? If the answer to this question is, yes, join the club! Most of us have been there! I want to give you a quick 4-step process to help you get more organised and, more importantly, feel better about yourself whatever the outcome.See omnystudio.com/listener for privacy information.

Is the welfare state system broken, and if so, what are you going to do to fund your retirement and pay for elderly care? When I was growing up in London there were different waves of migrants coming into the country. Many members of my extended family were coming over on the boat from Ireland, where there was little opportunity and widespread poverty. I also went to school with many first-generation migrants from Cyprus, India, East Africa and the Caribbean. Later on, I saw other waves of immigration from places like Uganda, after Idi Amin literally kicked out all of the Asian population, and the Philippines.   I noticed that many of them bought their own houses rather than relying on council housing, perhaps because this was not so readily available to them as it was to the indigenous population.    Like some of my own family, they rented out part of their house or took in a lodger to help make ends meet. Sometimes, the rent they would and would often cover their mortgage and enable them to save money for another house. It was inconvenient in some ways and not as comfortable as having your own space to yourself, but they did what it took to get on.   They also had a higher tendency to start their own businesses, based on my anecdotal observations. Perhaps because they could not find a job which utilise their education and skills from their own country. I also noticed that they worked harder than the average person and often had two or three jobs. Most British people still believed in and depended on the so-called “cradle-to-grave” welfare state brought in after the war. They were told by the government that they will be looked after from the time they were born until they were buried. Everything was meant to be free from healthcare, education up to university level to elderly care. People pay taxes and national insurance contributions which was supposed to provide for their pension in old age. They also had the safety net of the benefit system which meant that they were paid if they were unemployed or could not work. During my early years in financial services, people would often say things like, “the government will look after me if I don’t have enough pension savings”, or “the state will look after my wife and children if I die with no insurance”. In many ways, they were correct. The state does provide benefits for people who retire without any pension, which seems on fair to all of those people who have sacrificed and saved for retirement. Mature Times Recently quoted a report by Canada life that almost 2 in five pensioners or 38% of claimants receive less than £150 a week. Can you live on £150 per week? You can probably survive on it but you can’t live comfortably on the state pension or benefits, which is why are you here of pensioners freezing to death in the winter or having to make the choice between food or heat. Most people blame the government but the fact is we all have the opportunity to work and say during our lifetime. Furthermore, the amount most people pay in taxes during their lifetime hardly covers what the government needs to spend to keep everybody safe, healthy and happy let alone provide income and benefits for another 20 or 30 years in retirement. In other words, if someone on a low income was refunded all the tax they’d paid during their lifetime it would not be enough to live on for almost as many years in retirement as they had spent in work.  The welfare system is broken and unsustainable. This is why successive governments have had to change the rules and move the goalposts. Retirement ages have increased, people have to sell their homes to pay for elderly care in nursing homes and university education is no longer free in England.   Most governments have had to borrow money to make ends meet based on the current expenditure, which means that the country is not paying its way as it has in the past. When we talk about the government, we are really talking about the money we all and businesses pay in taxes.  That’s it. There is no magic fund sitting there and there are no oil wells to subsidise us. The money through taxes come in and goes out.   When the welfare state was devised just after the war in the 1940’s, it was estimated that in average people would live for less than 5 years in retirement – a large proportion of males died before they were 50 and a 70-year-old seemed ancient! I know people in their 70’s now who look and act like someone in their 50’s. The actuaries then also calculated that the number of people in work would be able to support the number of people in retirement in the tax payer funded pay-as-you-go old aged pension system. There is no old state pension ‘fund’ put aside for you. The above seventy-year-old assumptions are long out of date. People are now living far longer on average and there are now more people in retirement and ever before. More worrying, the ratio of working people to retired has changed dramatically.   As in other developed countries, advances in medicine and diets have contributed to UK citizens living longer, a trend set to continue. By 2050, the proportion of the UK population aged 65 and over is projected to reach nearly a quarter at 24 per cent, up from 17 per cent in 2012, according to the ONS. The fastest increases will be among the “oldest old”, with the proportion aged 85 and over forecast to treble from 2 per cent to 6 per cent. Academics say these rapidly evolving demographic changes will affect everyone in society, not just the elderly. An even bigger problem is that as the proportion reaching retirement age grows, the number of working age people will shrink as birth rates decline. This is a concern because UK state pension payments are funded through taxation and national insurance contributions from those of working age. It could be described as some similar to a legalised ‘Ponzi’ scheme. Tax revenue from those in work may fail to keep up with demand for social security — and governments will have to make tough choices, according to David Sinclair, International Longevity Centre UK in an article in the FT. The number of working-age people to every pensioner, or the “old age support ratio”, is forecast to fall to 2.9 by 2050, from 3.3 in the mid-1970s to 2006, or a 10% drop. That’s less than 3 people working to support one person in retirement and all of the other benefits as well as healthcare, social care, education, security and defence. I’m not an economist, but to me the figures just don’t add up!   “Tax revenue from those in work may fail to keep up with the demand for social security and healthcare from an increasingly large proportion of people aged over 65 and out of work and who have poor health,” said Mr Sinclair. “This will force governments to make tough choices.” This is already happening. Aware of the looming problem, the government has pushed back the qualification age for the state pension to 67 by 2028. The state pension age will equalise at 65 for women and men by 2018. The government has also taken steps to address big shortfalls in private pension savings, through the automatic enrolment of eligible staff into workplace pensions. Under this policy, 2 per cent of a worker’s qualifying earnings is saved into a pension, comprising a contribution from employer, employee and tax relief, rising to 8 per cent by 2018. However, the pension scheme is a defined contribution, rather than benefit, which means returns are not guaranteed and will depend on fund growth, much of which will be stock market-based. Like Universal Credit, these policies are not exactly voted winners. When the state-owned BBC recently announced that it would be removing free TV licenses (which costs £154.50 per annum) for the over 75's, there was public outrage and a campaign has started to reverse the decision. I expect the BBC will probably cave in under pressure and have to make cuts elsewhere. Since the new pensions policy was introduced, 5 million have been automatically enrolled. But there is a concern new “Freedom and Choice” reforms giving pension savers full flexibility to spend (or blow) pension savings as they wish, such as on cars or holidays and not on a secure pension income, could undermine auto-enrolment. “Before the age of 65, workers are actively nudged into pension saving through auto-enrolment,” says James Lloyd, director of the Strategic Society Centre, a think-tank. If you would like to find out more about your pension entitlement go online or contact the Department of Work and Pensions (DWP) for a forecast. You can of course top up your state pension or fund your own private pension scheme or employers’ scheme. In reality, most people are not saving nearly enough into their pension plan, as I explained in my earlier podcasts.    As always, take professional independent financial advice because I am not your financial adviser. So, is the welfare system broken? It may not be completely broken but it's certainly in need of a major refit or overhaul. Unfortunately, it is being patched up here and there like an old house because it is difficult for any government to tell it like it is and make those tough decisions. I expect what will happen is that we will all muddle along for another decade until the government decides to take more radical action to deal with the pensions timebomb and elderly care problem. I haven't even started on elderly and social care, or dementia, which is another Pandora's box!  In the meantime, you better start rowing your own boat and not relying on the state or your employer to look after you. On a more philosophical note, maybe the centuries-old party is over for the west as the east grows stronger and takes more of our lunch? As the 16-year-old Swedish climate campaigner, Greta Thunberg wisely put it, why should the rest of the world suffer so we can live in luxury? Does all this make you worried? If so, good. We all need to wake up!   What can you do? Follow this 3 step process:   Step 1, wake up.  Step 2, start educating yourself on money and investing.  Step 3, make this a lifelong learning process and never stop learning.   When I talked about migrants coming here years ago and buying houses and renting out the rooms, you might say that that was alright then but you can’t do it now, but you’ll be wrong. The same opportunities to invest in property are available to you today and in fact it is much easier to get into property than it was years ago.  Mortgages are easier to obtain and money is everywhere Interest rates are lower There are buy-to-let mortgages available in abundance You can rent out a room tax-free up to £7500 per annum There are training courses available where you can learn how to build a property portfolio even if you don’t have any money to put down.   The last point is the most important. When my uncles migrated to the UK there were no training courses and nobody tell you how to get a mortgage or buy a property. They had to learn by trial and error and mortgages were not so freely available.   Since I started attending courses a few years ago the information I received literally open my eyes to the world of opportunity. If you would like more information on a beginner’s property taster course, I have a limited number of complimentary tickets to attend an excellent course run by experts, which will give you a clear overview into the market. Click the link below or email me at [email protected].  For further details on property courses, such as a one-day introduction to property investing, see https://ambassadorshub.co.uk/ambassador/index.php?aid=AMB0427 or drop me a line to [email protected]  See omnystudio.com/listener for privacy information.

World markets tumble as inverted yield curve signals a recession. Prepare for recession by eliminating the habit of spending and living off bad debt. Keep an emergency savings cash buffer of at least six moths worth of outgoings. If you’re starting a new business, I would advise againts renting a shop in the High Street or signing leases for offices. If you must have an office, rent one of the many serviced offices, like Regus or We-Work, with a flexible short-term contract. The rent will be a little higher than a basic office room, but they provide you with telephone lines, answering service, photocopiers, printers, coffee machines, meeting rooms, cleaners and so on. The other advantage of a professional serviced office is that you will immediately look more credible and established. You can also work from home while using an office accommodation address and answering service.See omnystudio.com/listener for privacy information.

20 Key Skills to Include in Your CV You only have one chance to make a good first impression, so brush up your CV and job prospects with these Money Tips.See omnystudio.com/listener for privacy information.

Facebook’s New Libra Currency Sends Shivers Through The Banking World You may have read that Facebook is to launch a cryptocurrency, which is already creating a stir among world central bankers and G7 leaders.   This is not just a remittance service sending money via a smartphone, but a new currency. However, some cryptocurrency purists could argue that Facebook’s new digital coin, Libra, is not a true cryptocurrency, although they admit that it could bring digital money into the mainstream.   Critics claim the plans for Libra, backed by a consortium of 28 groups including Uber, Spotify, Visa and Mastercard, is not a genuinely decentralised digital currency.   I’m not a crypto expert or even a fan of so-called currencies like Bitcoin. The price of bitcoin, which has been volatile over the past 12 months and passed $9,000 at the weekend for the first time in more than a year, has been flat since the announcement. Other major cryptocurrencies were also unmoved or only slightly down on the news.   The new currency system will allow users to convert US dollars and other international currencies into Libra, which will facilitate rapid money transfers and online transactions with almost no transaction fees. Which begs the question, if there are no transaction fees why are these companies investing millions into this project?   Facebook, which is leading the project, said Libra will be especially valuable to the 1.7bn people worldwide without bank accounts, who will be able to carry out payments via their phones.   While Facebook intends for Libra to eventually become decentralised, transactions will initially be validated by the founding consortium.    Phil Chen, decentralised chief officer at phonemaker HTC’s blockchain-driven Exodus project, told the FT.   “This project is the antithesis of bitcoin and is another step towards total control of data and users,”   He added, “This global coin is the most invasive and dangerous form of surveillance they have devised thus far.”   “At the end of the day, Libra is not a true blockchain,” Mr Chen said.   On the online forum Reddit, one commenter described Libra as a “Silicon Valley surveillance paradise” but acknowledged that it was still a “pretty significant development in crypto”. “Instead of a monopoly it’s an oligopoly,” said Gavin Brown, associate professor in financial economics at Manchester Metropolitan University and director of cryptocurrency hedge fund Blockchain Capital. But the structure might be sensible, he added:   “There needs to be some level of institutionalisation in order for adoption to happen and regulators to get comfortable.”   Another factor is that Facebook will not use the “proof of work” mechanism that underpins cryptocurrencies such as bitcoin, under which computers solve problems to create a block chain and be rewarded with newly-minted currency, because of its “poor performance” and “high energy (and environmental) costs”.   Richard Dennis, founder of crypto network Temtum, said the proof of work model had been shown to be inefficient, and that bitcoin would be “out of date” soon. But he added, along with others, that Facebook’s project had “rejuvenated” the crypto community. “I was told it’s crypto Spring,” he said. “This is starting to feel like 2017 again.”   Whilst central bankers, like the governor of the Bank of England Mark Carney, have given the currency a lukewarm welcome, I’m sure Facebook and its backers have already thought through the potential challenges that lie ahead, not least money laundering regulation.   Within Facebook — where engineers and product managers are more familiar with optimising advertising algorithms or simplifying photo sharing — creating a new currency was seen as a daunting challenge.  “I’ve been doing this for more than a year, like 20 hours a day, and I’m still wrapping my head around it,” said Kevin Weil, who moved from Instagram to become Facebook’s head of blockchain product in June 2018.  Libra was “unlike anything I’ve ever worked on before”, he added in an interview last week at the San Francisco Mint.  “The technology is basically brand new, and is evolving really quickly. No one has any experience with a global currency before. Any direction you look, it’s new — and that’s exciting.”      Libra could open up opportunities for small online businesses to lower the cost of transactions, as well ease the process of selling online on Instagram and Facebook. The news must have sent shivers through the banking and money transfer community. This will shake up the banks and the likes of Western Union, which takes a large chunk out of overseas workers remittances. They are all crying 'foul' about regulations and money laundering when it's the banks who have been fined for laundering! Apple Pay is not mentioned? This will be another step towards a cashless society, a one world currency and less control of our money and privacy.   Facebook has 2.7 billion active monthly users, and it knows a lot about us. It will know a lot more about us once we start using Libra, but has promised to keep this information separate from the social media business.   Check out my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook  See omnystudio.com/listener for privacy information.

London Property Prices Falling at Fastest Rate Since 2008/2009 Financial Crisis   Should we be worried? Check out my latest Money Tips Podcast to find out more.See omnystudio.com/listener for privacy information.

Amazon recently ran its ‘Amazon Prime day’, offering special deals on millions of products in order to get people to buy billions of dollars’ worth of more stuff.  If you are shopper on these days, like Black Friday, then you might pick up a few bargains on the other hand you might spend money on things you don’t need!  If you are a retailer or marketer, you need to prepared for these events.  What is the point of such days? It’s easy to be cynical about Black Friday, January sales, Mother’s Day, Father’s Day and so on. The aim is obviously to create an event and encourage people to buy.  Do you have to wait for those specific days? No, you can have your own events!   Rob Moore of Progressive recently merged two divisions of his company into one. Rather than just let it pass as an accounting event, he had a progressive day in which he had special offers on his courses, one off special deals...you get the picture.  Despite the fact that we are all shopping more and more online these days, good shopping malls are still thriving. Why, because they are a destination, an event and a meeting place.  I was recently in The Mall of Asia in Manila, one of the largest shopping malls in Asia. The owner’s Son, Harley Si, once told me that it would take three days to visit every shop in this huge shopping city! They have free concerts, exhibitions and even fireworks and they’re always busy seven days a week.  That part of Manila Bay was once covered by water. People with great vision, such as the Si family reclaimed land and they have built five-star hotels and casinos in an area that was almost forgotten. The aim is to make Manila the Las Vegas of Asia. A destination!  We need to do more than just offer a product or service and hope that people will buy it. Barnum was a master at this, as you can see in the fantastic movie The Greatest Showman.  In modern times, Richard Branson has always done some incredible stunts, such as flying around the world in the balloon, to market his brand!  Even if you have invented some entirely new and innovative products, you still have to marketed and promoted to get it out there.  Think about your business or employer. What you can do to create an event or something special to encourage people to use your product or service?  To learn how to make money on Amazon, email me at [email protected]  See omnystudio.com/listener for privacy information.

Anyone can be rich. You just have the mental (and physical) capacity plus the determination to make it happen. In this episode of the Money Podcast, Rob gets interviewed by Charles Kelly, a former IFA and the host of the Money Tips Podcast. Discover some useful tips on how Rob grew his wealth and built his own legacy from nothing at all. From having a routine to networking to scaling up your business, there won’t be anything amiss to discuss today. They also talk about the future of podcasting and the property industry. And, if you’re curious how Rob and his long-time business partner Mark Homer met, then tune in. Rob and Mark successfully brought about a brand merge of their companies lately. There will surely be a takeaway for aspiring entrepreneurs out there from this discussion. KEY TAKEAWAYS Scheduling and having a routine help you get the freedom you want. It’s a paradox we must live through. We need to secure first the stuff you need to survive, to grow, to prepare for the future, etc, so you can also enjoy your freedom. In just over a year, Rob got out of debt and reached six figures. It wasn’t easy at first. He shares that it was difficult to gain back the confidence after the mishaps and a series of failures. When he met Mark Homer and started a partnership with him, everything started to fall into its place—Mark had the financial resources and Rob always had the passion and determination. Networking is a fundamental skill for entrepreneurs. Rob met Mark at a networking event. If he hadn’t met him that day and contacted him after the event, then nothing abundant would’ve sprouted. What are the similar traits of millionaires and billionaires alike? The desire for scale, the desire to serve a vast amount of people, and the desire to give more value. Property will remain fundamental after decades and decades, according to Rob. Though the property market won’t always be stable, property investing will always be valuable. BEST MOMENTS “Leverage is having people around you that can organise you.” “Once you start to search, you start to find.” “It’s partly about the money, and partly about the good work and giving good value.” “If you want to do a podcast, you should do it. You should not worry if the market is saturated, or it’s the wrong time. The right time for you is now.” “Some business models thrive; some business models die. That’s how it works.” VALUABLE RESOURCES Progressive Property Routine = Results by Rob Moore moneytipsdaily.com The Money Podcast iTunes | Omny ABOUT THE GUEST HOST Charles Kelly is a former IFA, the author of Yes, Money Can Buy You Happiness, and the host of the Money Tips Podcast. Charles spent 25 years in financial services working for banks and insurance companies. [email protected] moneytipsdaily.com http://bit.ly/2MoneyBook You can contact Charles at  [email protected]  See omnystudio.com/listener for privacy information.

Just 25 years on from when it started, Amazon has grown from start-up to one of the most valuable public companies on the planet, with Mr Bezos now the world's richest man. Amazon started as an online book retailer but has become a global giant, selling multiple products with membership subscriptions, physical stores, groceries for sale, its own smart devices and a delivery system which can get things to customers in an hour. In 2018, Amazon became the world's second-ever public company to hit a $1 trillion valuation, after Apple, and it has the second-highest market valuation in the world, after Microsoft. Amazon has sales of over $234 billion and is expected to rise to over $300 billion by 2020. Their subscriptions alone exceed $100 million a year – in recurring revenue! One of the reasons the company has grown is their partner programmes which enables online entrepreneurs and retailers to sell goods on the Amazon platform at a fraction of the cost of setting up a physical store. In the past, you needed technical knowledge and skills to set up websites and marketing ability to work online. You needed to find a way of driving traffic to your site. Amazon has solved these problems with its readymade store monthly visitors exceeding 199 million in the US alone. The internet has opened up a new world of learning, working, socialising and doing business. We no longer need to go back to school or university to learn new skills. We can work from home, start a business or find a new life partner all from the comfort of our home. Amazon has also enabled thousands of authors to easily self-publish their books online, as I have with my book, Yes, Money Can Buy You Happiness! See link - http://bit.ly/2MoneyBook If you want to quit the rat race and work from home, but can't quite replace your income from your paid job, why not try and gradually make the transition over a period of time?  You can learn how to get started on Amazon or Facebook by following the steps of people who have done all the hard work for you and now want to pass on their knowledge. For more information on Amazon and Facebook courses email [email protected] omnystudio.com/listener for privacy information.

How will 'Brexit', the 'slowing of the UK economy' and 'increased taxes' affect property?   In this episode, I look at the effects of our New PM, Brexit, a possible recession looming and the 'potential for increase of tax' on the future of UK property.  Can You Acquire Property With No Money Down?  Learn multiple no money down strategies. Join me at the “No Money Down Weekend” in London. Email me for more details at [email protected] omnystudio.com/listener for privacy information.

A low-price asset is not always cheap – look at value not price Many years ago, are used to get a newsletter mailshot from a company recommending penny shares.  Penny shares traded at 10, 20 or 30 pence per share, and the idea was that you could buy these ‘cheap’ shares in the hope that they will go up in value massively compared to buying a blue-chip stock.  The company was offering a paid newsletter subscription which would send you a monthly report on the penny shares to buy. In reality, the shares were not cheap, the value was the same as the price. They were high-risk investments that could’ve gone either way. Furthermore, the share price depends on many factors including the number of shares issued. In the same way, buying a property because the price seems cheap may not always be the best policy. Just because you see a property for £50,000, which looks cheap compared properties in another area, does not follow that you’re getting a bargain. You might be just paying £50,000 for a property that is worth £50,000. There may be a reason it’s worth £50,000.  You need to do your homework to ascertain whether or not the property is really worth £50,000 and to find out the real value of the property.   Value versus price  There is a difference between the price of something and the value. Sometimes the price of a property or share accurately reflects its true value, but not always. As an investor, we are always aiming to buy a property or asset below market value, not below market price, so don’t be lazy and always do your research.  The stockmarket has been rising for over ten years and is due for a correction. The UK economy goes through a recession every ten years or so and the last downturn started after the 2007-8 financial crash. Economies go through cycles of boom and bust and it is at those times of low confidence when the markets drop, often irrationally, that you will find real below market value bargains.  Recessions are scary, but they do open up opportunities to acquire assets at greatly discounted prices. For instance, if and when the stock market has a correction, or crash, there will be a number of good company’s shares on sale at well below asset value. That will be the time to buy.   Now is the time to learn and do your research and have your funds or funding in place.  The same applies to property, even if you don’t have much cash. During property downturns when properties are at rock bottom prices, lenders typically restrict or even stop lending! I have witnessed this first-hand on a number of occasions when I knew there were bargains in London, but could not get the finance to buy them.  If I had known then what I know now, I would have been able to acquire those properties without using traditional mortgage lenders or mortgages.   Can you acquire property with ‘No Money Down’? Yes you can! Learn multiple no money down strategies by joining me at the “No Money Down Weekend” in London on 27 July. For more information, email me at [email protected]    See omnystudio.com/listener for privacy information.

Have you ever had one of those great ideas which you thought could be turned into an amazing business or even change the world? But somehow you never quite seem to get it off the ground or lacked the capital or know-how to implement it. Then a few years later you see that someone else has “stolen” your business idea!  Many years ago, I used to conduct sales appointments around central London with people who often didn’t have their own office. It was always difficult to find places to meet that we are not crowded, like a pub, or very expensive like a hotel lobby. At the time I thought, wouldn’t it be a good idea to run an office where you could rent out offices by the hour to people who needed meeting places. Unfortunately, I never got it off the ground or even tried. I didn’t have the knowledge of the business and eventually talked myself out of it.  We all know what happened next. A few years later, a company called Regus started the very same business and now have offices all over the world!  Had I known then what I know now things might have been very different?  That’s why I am broadcasting an exclusive interview with an organisation called the Start-Up Funding Club which helps start-ups obtain funding to take their business to the next level and also provides a platform to introduce ‘angel’ investors who want to invest in exciting new ventures. They actually hold ‘Dragons Den’ like sessions where businesses pitch to investors.  During the interview with the chief investment officer, Joseph Zipfel, we go through the process of taking a business from the early stages through to launching it on the market for selling shares to a larger concern. Joseph also explains more about the EIS, the approved tax efficient investment vehicle used by thousands of investors.  Check out my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook    See omnystudio.com/listener for privacy information.

Listen to what the current PM has to say about landlords and letting agents. Respond to the consultation and lobby your MP if you feel the removal of section 21 would be a mistake. You’ve heard a lot of negative news, so is this the end of the property as we know it? NO! Of course not. Firstly, entrepreneurs are adaptable and it’s in their DNA to find solutions to problems. Secondly, property investment is not just about buy-to-let and becoming a landlord. There are dozens of strategies from development and conversions to rent to rent and lease purchase options which require little or no deposit and no mortgages. You can learn these strategies and more by attending short courses where you get to meet expert trainers and investors, as well as network with likeminded people. Who knows, you could meet your future business or JV partner at an event? If you would like further details on property courses, such as a one-day introduction to property investing, drop me a line to [email protected] I have a limited number of complimentary tickets to attend an excellent course run by experts, which will give you a clear overview of the market. Here are some of the courses coming up in the next few months: Multiple Streams ff Property Income (Three days of world-class training) Beginner Property Secrets (Full days training) Deal Packaging Discovery Day Serviced Accommodation Discovery No Money Down Discovery For full details and a list of further courses click here to learn how to become a UK property investor or go to http://bit.ly/2ZVAVtvcourses.    See omnystudio.com/listener for privacy information.

Money News – Mortgages, Monza Bank, FTSE100 and MLM Scams   Finance news round-up including: Best Mortgage Rates, Monza Bank, FTSE100 Returns 1, 3 5 and 10 years Vs Property MLM Diet Coffee Scam Pre-Pay Funeral FCA Investigation UK Economy See omnystudio.com/listener for privacy information.

Important news for landlords which could prevent you from gaining possession of your property under Section 21 I recently attended a landlord’s meeting and was shocked at the lack of knowledge in the room, especially regarding important changes which came into effect this month.   Firstly, new legislation came into effect from the 1st of June under the Tenants Fees Act 2019 regarding charging tenants – what you can and cannot charge tenants. If you are a landlord and you ignore new letting rules, you could face fines of up to £30,000 and a criminal charge, according to the National Landlords Association (NLA).   Secondly, many of the landlords were unaware of Section 24 removing mortgage interest tax relief on their buy-to-let mortgage.   Finally, landlords had no idea that following a court ruling (Caridon Property Ltd v Monty Shooltz) Section 21 notices are invalid unless the gas safety certificate has been given to the tenant before the tenancy agreement has been signed.   Landlordsadvice.co.uk reports that Section 21A of the Housing Act 1988 (as amended by the Deregulation Act 2015) provides that for tenancies granted after 01 October 2015, a Section 21 Notice cannot be validly served on the tenant if the landlord is in breach of a “prescribed requirement”.   Remember that the landlord is ultimately responsible, even if your letting agent screws up. Several agents in my area had never heard of prescribed information when I quizzed them.   The prescribed requirements are set out in The Assured Shorthold Tenancy Notices and Prescribed Requirements (England) Regulations 2015 (the “AST Regulations”).  Regulations list the requirement for a landlord to provide a tenant with a gas safety certificate in compliance with the Gas Safety (Installation and Use) Regulations 1998 (the “Gas Safety Regulations”). Regulation 36(5) of the Gas Safety Regulations states that it is a statutory requirement for every landlord to ensure that:   (a) a copy of the record made pursuant to the requirements of paragraph (3)(c) above is given to each existing tenant of premises to which the record relates within 28 days of the date of the check; and (b)  a copy of the last record made in respect of each appliance or flue is given to any new tenant of premises to which the record relates before that tenant occupies those premises save that, in respect of a tenant whose right to occupy those premises is for a period not exceeding 28 days, a copy of the record may instead be prominently displayed within those premises. However, Regulation 2(2) of the AST Regulations states that the time limit for compliance with Regulation 36(5) of the Gas Safety Regulations does not apply.   In this case, the court had to decide whether a landlord could validly serve a Section 21 notice if Gas Safety Regulation 36(5)(b) hadn’t been complied with at the start of the tenancy. The judge came to this conclusion on the basis that a gas safety certificate had not been provided to the tenant at the start of the tenancy, before the tenant took up occupation although one was served shortly before the service of the s.21 notice. Caridon Property Ltd. The ruling has been appealed.   The judgement is a county court appeal and therefore not binding on the county courts. However, the judgment is a decision of one of the country’s leading housing lawyers and therefore County Courts may be persuaded by this ruling when dealing with your claim for possession. Interestingly, HHJ Luba is also one of the authors of “Defending Possession Proceedings”, which is the textbook that most District Judges have on their benches to consult when deciding housing cases.   AST regulations could be amended following this judgement or the ruling heard by a Court of Appeal. In the meantime, any landlord who failed to provide a gas safety certificate at the start of the tenancy, in other words before the tenant moved in, is likely to find that they cannot serve a section 21 notice during the period of that tenancy.   The government recently announced proposals to abolish “no fault evictions” under Section 21 notices.   On 26 June 2019, Prime Minister Theresa May confirmed the government’s intentions during a frank speech at the Housing 2019 conference.   The Prime Minister said:   “…We are re-balancing the relationship between tenant and landlord, making major changes that will make an immediate and lasting impact on the lives of millions of families.   In the private sector we’ve already capped the size of rent deposits and abolished letting fees, cutting the amount tenants have to find upfront and making it harder for landlords and agents to take advantage of desperate house hunters.   Now we’re going further…because if you rent a property it will not be your house, but it is still your home.    And to me that means that if you pay your rent, play by the by the rules and keep the house in good order your landlord should not be allowed to throw you out on a whim. It is simply not fair.    So we’re bringing to an end the practice of the so called no-fault evictions. Repealing the section 21 of the 1988 Housing Act.   A consultation on the changes will be published shortly, with a view to introducing legislation later this year.”   The Government will shortly launch a consultation as to the proposed repeal of section 21 of the Housing Act 1988 in which landlords will have the opportunity to give their views to the government on this major proposed change.      It is well worth becoming a member of the NLA, or similar organisation, which represents the interests of landlords, lobbies the government, runs a helpline and holds meetings all over the country.   The important thing is to learn your trade do your CPD by keeping up with changes to legislation. Property still a good investment because you can use leverage or bank and other people’s money to acquire properties.   If you currently own property, I would not panic about new rules or jump ship as they tend to drive out the cowboys or reluctant landlords. If you are planning to invest, always educate yourself before dipping your toe in the market.   If you like further details a property courses, such as a one-day introduction to property investing, drop me a line to [email protected]   I have a limited number of complimentary tickets to attend an excellent course run by experts, which will give you a clear overview into the market.   Here are some of the courses coming up in the next few months:   Multiple Streams Of Property Income (Three days of world-class training)   Beginner Property Secrets (Full days training)   Deal Packaging Discovery Day   Serviced Accommodation Discovery   No Money Down Discovery   For full details and a list of further courses click here to learn how to become a UK property investor or go to http://bit.ly/2ZVAVtvcourses.      See omnystudio.com/listener for privacy information.

You may have read recently that Jamie Oliver’s restaurant empire has gone into administration. The talented TV chef had rapidly built up a chain of around 50 restaurants over the last few years. Like his new restaurant branches, Jamie seemed to be popping up everywhere on television, in the newspapers and on the Sunday Times Rich list.  We don’t know exactly why his restaurant business went wrong. Some say that his prices were a little too high for basic Italian food, but I think it also has a lot to do with the expensive city centre locations and overexpansion.  He apparently put in £30 million of his own money when the company was on the rocks over a year ago. Evidently, he could not let it go and try to rescue a sinking ship.  What this proves is that it is far easier to make money, or start a successful business venture, than it is to keep it.  In my book, Yes, Money Can Buy You Happiness, there is a section on the celebrities who lost it all. There are countless stories of sports and media celebrities with quickly made and lost fortunes through mismanagement of their money and for advice. I’ve personally assisted form of popstars, I used to see performing on Top of the Pops, who could not obtain a mortgage due to a poor credit history and being behind with their current mortgage. Some had lost their marriages and families. It was sad to meet once wealthy and famous people end up broke. Check out my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook See omnystudio.com/listener for privacy information.

New Peer to Peer Lending and Crowdfunding Rules after Lender goes Bust Leaving Thousands of Investors Out of Pocket Following the collapse of Peer-to-Peer lender, Lendy, the government is imposing tight new rules on the industry in order to better regulate the market and protect investors. In the last few years, new types of lending have given the traditional banking monopoly a bit of a run for its money. Crowdfunding and Peer-to-Peer lending are just two examples of models which have worked very well and raised billions for projects and borrowers whilst giving investors a return of up to 40 times they would have earned on a bank deposit.    Check out this week’s episode of Money Tips.See omnystudio.com/listener for privacy information.

The final part of my book, yes, money can buy you happiness, discusses the importance of giving. Giving is not only good socially, but it also enriches us.  This week I was at a very posh fundraising dinner at the famous Carlton Club in London. Although attending fancy events like this can bring you short-term happiness – or hedonism from the Greek word meaning the pursuit of pleasure and things – like pleasure, joy or excitement, they are not the source of long-term happiness and contentment.  There have been many studies into what makes us happy and most point to living for a cause, a goal, working towards something or achieving something as a source of lasting happiness and fulfilment.   An obviously example of this is to look at your favourite artist or band. When were they most happy? The answer is most probably in their early days when they were creating, achieving something, striving towards a goal and performing, not when they spent too much time enjoying the fruits of their success - partying, drinking and taking drugs!Why do you think ageing rockers like the Rolling Stones, the Eagles and Bruce Springsteen keep touring and working even though they have enough money to live on for the rest of their lives?  Another source of lasting happiness is doing something for others and giving. It is well-known people to do something, for instance in retirement, for others are more likely to live longer healthier and happier lives.  So, what has this got to do with money buying you happiness?  In order to give and contribute money, you need to have money. Yes, you can volunteer without having money, but to really make a difference it helps if you have money, even if you are only giving your spare time.  Being a member of the Rotary club (all the many other service organisations) is not elitist in every country, but it does require some money to pay for your club dues and meetings and to be able to put your hand in your pocket when required.  As the great T Harv Eker says, you can’t give if you’re freekin broke!  Even if you go to church and pray, you’re made very welcome, but at some stage, they hand round the collection plate because it cost money to build and run churches, it cost money to pay for priests and fund projects to help the poor.  Billionaires like Warren Buffett and Bill Gates have pledged to give away most of the fortunes and have already put billions into various charities and causes. My own rotary foundation has almost eradicated polio around the world with the help of Bill and Melinda Gates who match funded Rotary members by donating over $100 million to help pay for the project. Rotary members all over the world helped administer the vaccine to millions of children.   Tony Robbins provides meals for millions of people in poverty, including in America the richest country in the history of the world. When I heard him speak recently in Florida, Tony remarked that he needed to earn at least $10 million a year just to cover his giving.  What would you do if you were worth $50 billion?  Speaking of happiness, NLA Research reveals one-third of landlords suffer mental health issues. Falling property prices in the London area are probably not helping. A recent report showed that prices have fallen every month for over a year.   How can we be happier?  Listen to my 10 things you can do to make you feel happy or happier every day: Finally, I attended a start-up funding and pitching event, rather like a Dragons Den, at another London club in Portman Square. It was really fascinating and I will be broadcasting a special episode on start-up funding and interviewing expert guests in the next few weeks.  See omnystudio.com/listener for privacy information.

How to Save Money on Your Mobile Phone Simple tricks you can use now to save mobile data, slash your phone bill and rip-off data roaming charges and stop wasting money on your mobile or cellphone. You can see the video on https://www.facebook.com/moneytipsdaily or on my YouTube channel https://www.youtube.com/watch?v=TZJzDWiQmmQSee omnystudio.com/listener for privacy information.

Figures released recently show that unemployment is at its lowest level since 1974 when Barry White was in the charts singing, you’re the first you’re the last my everything. Unfortunately, I’m old enough to remember that record when it came out.   Many people on the left side of the political spectrum would argue that these are not “proper” jobs, zero-hour contracts, no security and little or no pension provision.   There are two types of jobs which have emerged in the last decade or so.   One comes under a general classification of “zero-hour contract” or pseudo-self-employed, not a permanent contract/temporary and so on   The other is a normal fully employed job with some job security, pension, sick pay and so on.   People in zero-hour contract type jobs are in the worst position of all because they will find it difficult to save when they do not know how much money is coming in from month-to-month.   If you’re still in your 20s, you still have time to save into a pension scheme, which should, managed properly, give you a decent fund after 30 or 40 years. The problem is, most people don’t start thinking about their retirement until they’re into their 40s and even 50s and 60s. In our twenties, we are consumed by buying a house or raising a family. You will not have time to invest in a pension fund on index tracking funds giving a 7 or 8% return to build up a sizeable retirement fund unless you start early.   If you’re in this position with only 15 or 20 years to go before you retire, you to do something a little bit more aggressive.   What is the solution? Find out more in this week’s episode…  See omnystudio.com/listener for privacy information.

In this week’s episode: Thousands of buy-to-let investors have sold properties since 2016, when the then Chancellor George Osborne announced punitive taxes on landlords, according to research by Hamptons International. Find out what a former housing minister told me when I confronted him directly about the anti-investor measures and suggested how mortgages could be more flexible for first-time buyers. Should you pull your cash out of Metrobank? Are interest-only mortgages set to make a comeback? Find out how you can have fun investing in the stock market without taking coursesSee omnystudio.com/listener for privacy information.

In an earlier Money Tips episode, we talked about how to recover debts without using a lawyer. Now I want to give you 3 Golden Rules on how to avoid the bad debts in the first place. If you follow these 3 Golden Rules you will avoid 90% of problems with bad debt and poor cash flow. Cash flow will improve massively and bad debts become a thing of the past.See omnystudio.com/listener for privacy information.

One of the biggest issues a business will face is cash flow. Cash flow is the lifeblood of any business and bad debts and poor credit control will bring a business to its knees. Are you owed money? Have you been ‘knocked’ or taken for a ride by someone who now refuses to pay you after you’ve supplied goods or services in good faith? Have you obtained a court judgement against somebody but still not recovered your money? Have you thought about using the court system but worried that it’s too complicated or expensive? If you answered “yes” to any of those questions listen to this special extended  Money Tips podcast...See omnystudio.com/listener for privacy information.

Would you invest in a company which is lost $4 billion? Ride-hailing company Uber will shortly be selling its shares to the public despite losing billions of dollars and warning that they may never make a profit! Are investors being taken for a ride? Find out more. Subscribe to my podcast on iTunes or Stitcher and I will send a special pre-launch offer for my new book, ‘Yes, Money Can Buy You Happiness’ which will be published 4 May 2019. VALUABLE RESOURCES  https://itunes.apple.com/gb/podcast/money-tips-podcast/id1442532994?mt=2&i=1000431497176    You can contact Charles at  [email protected]  See omnystudio.com/listener for privacy information.

In light of tougher legislation on landlords, Is property still a good investment? First, we had the George Osbourne 2015 finance act phasing out tax relief on buy-to-let mortgages. Tax relief will be gone by next year as will many property owners and landlords as they start to pay more tax and even struggle to show a return on their investment. This is a travesty and goes against all principles of business lending. The then Chancellor George Osbourne also removed wear and tear allowance, which will cost small landlords dearly. If that wasn’t enough, the government are now proposing new rules to do away with Section 21 notices, which enables landlords to legally regain possession of their property without having to give a reason or find fault. Many property owners have already sold up or reduced the size of their portfolio in order to cut borrowing. Property prices in many parts of the country have dropped for a number of reasons, including of course Brexit. Some see this as an opportunity to buy more property as so-called amateur landlords run for the hills. Others worry that long term open-ended tenancies may be the beginning of the end for the buy to let business as we know it. The banks will certainly be concerned about gaining possession of their security in the event of a default on the mortgage. The BBC and media have been all over the story citing cases of victims of unscrupulous landlords who apparently evicted them at short notice because they made a complaint about a repair job.   We usually only hear one side of these stories, which surprises me for two reasons. Most landlords would want to maintain the property in good order and any that do not are shooting themselves in the foot and giving the vast majority of good landlords a bad name.   No landlord wants to evict a good tenant who is paying rent knowing that they will have a void and then have to pay an agent to get another tenant.   So what do I think of this? Housing Crisis These measures will not solve the housing crisis. If anything, it will make it worse as more landlords pull out of the market to avoid open-ended long-term tenancies. If this happens, rents will go up based on the simple economic laws of supply and demand.   Long Term Secured Tenancies Private landlords were never meant to fill the gap in the market for long-term tenancies. Buy-to-let mortgages do not allow such tenancy agreements under the terms of a typical mortgage. Secured tenancies were traditionally was provided by council housing, which have not been built in any great quantity in the London area since the 1970s. Despite government encouragement and cheap borrowing, councils are often reluctant to build more council houses as they fear that they will lose them further down the road and the right to buy scheme. Many have even sold of housing stock to huge housing associations. The government and local authorities must build affordable rental social housing as a matter of urgency. The current scheme of asking developers to give a percentage of the development over to affordable housing is just not working or providing enough stock. Frankly, in the south-east affordable housing is just not affordable. I have seen developers who cannot offload affordable housing even on shared ownership schemes.   Has Right-to-Buy Passed its Sell-by Date? The government also needs to restrict right to buy in order to keep housing stock within the social rented sector and remove the excuse local authorities use to sit on their hands whilst spending millions housing people in expensive temporary accommodation. The right-to-buy was a revolutionary flagship policy under Margaret Thatcher‘s Conservative government in the late 1970’s and 1980’s. It did a lot to help social mobility and allow people get on the property ladder. The problem is that the money from the sale of the council houses was not reinvested into building new stock.   Underlying Shortage of Housing in the UK There is still a massive shortage of housing in England, as the population has risen sharply in recent years due to immigration and people living longer. Divorce also increased the need for smaller rental units such as studios in one-bedroom apartments. Net migration, the difference between people coming into the country and people leaving the country, has been running at around half a million people each year for years. A small city the size of Bristol would have to be built every year to just to cope with the number of new arrivals alone, according to organisations like Migration Watch. As this is unlikely to happen - as far as I know there is no plans to build another Milton Keynes or Basildon - there will be a strong demand for property for the foreseeable future. Even if there are fluctuations in the market, the fundamentals and underlying demand will still remain. The U.K.’s population is set to hit 60 million within the next decade and they all will need somewhere to live. As for this latest announcement, we don’t know exactly how the new rules will play out or when they will be implemented. We do know that the government do not want to go back to the bad old days of protected tenancies where a landlord could never regain possession of their property or increase the controlled rent. Until a few years ago, there were thousands of these properties with sitting tenants dating back to the 60’s and 70’s. Owners would sell off the properties at huge discounts at auction. Tenants were offered thousands of pounds in bribes to vacate. A good friend of mine used to buy these properties in London and then negotiate with the tenant to leave with a nice cash sum! They made a fortune. If we return to this situation, the supply of private rented accommodation will dry up.   Like it or not, the government needs private landlords as there is simply not enough social housing provided by councils and housing associations. Some corporate landlords are coming into the market but they are catering for the luxury end, such as in the city centre studios and co-living for young professionals.   So for all of the above reasons, I think there will be a demand for private rented accommodation even with anti-landlord legislation. Landlords are small business people and small business people are resilient to legislation changes and government red tape such as licensing (another issue for the sector to cope with). They will survive and adapt. Like Darwin said, it’s not the strongest species that survive, but the most adaptable. Property is a long-term investment and there will always be challenges. Landlords and investors need to keep abreast of new legislation by attending courses and seminars run by reputable organisations. The National Landlords Association is a good source of information and it lobbies the government on behalf of landlords. Property still a good investment because you can use leverage or bank and other people’s money to acquire properties. If you currently own property, I would not jump ship just yet. If you are planning to invest, I would proceed with caution and always educate yourself before dipping your toe in the market. If you like further details a property courses, such as a one-day introduction to property investing, drop me a line. I have a limited number of complimentary tickets to attend an excellent course run by experts, which will give you a clear overview into the market.   My new book, Yes, money can buy happiness, is due out on the 4th of May. Watch out for a special offer for all my podcast subscribers!  See omnystudio.com/listener for privacy information.

Can you invest your money into an asset and get a new car? Contrary to common belief, you don't have to choose one. You may have seen my recent Facebook post of me standing beside the latest Porsche 911 and driving a Porsche. I want to point out that I did not actually buy a new 911 and I don’t actually drive a Porsche at all! Let me explain; Firstly, I wouldn’t spend £100,000 of my cash on a brand-new Porsche. I explain in great detail why in this episode. Secondly, I was only in the showroom because I was driving a friend to collect the Porsche after service. I was driving my friend’s Porsche! Now, the reason I would not spend £100,000 of my cash on a car (or luxury product) is that I would prefer to put my money into assets, which puts money into my pocket, rather than liabilities which takes money out of my pocket. I want to put my money into things that appreciate in value rather than depreciate. I alluded above that the common belief is that you must pick one; But can you have both? Can you have an asset and new car? The answer is, yes, you can have both! In this podcast I’m going to show you how. How you are able to have both assets and the fancy car. In my forthcoming book, Yes, Money Can Buy You Happiness, I go into more detail about owning and creating the life you truly desire. The book will be out very soon and I will be shortly announcing a very special offer just for my followers.   You can contact Charles at  [email protected]   See omnystudio.com/listener for privacy information.

5 Tips To Improve Your Network and Net Worth Your network is your net worth, so get around like minded people Choose your friends wisely and get around the right people if you want success, happiness and wealth in your life. In this episode, you’ll learn how to expand your network, where to meet like-minded people and which friends to avoid! Listen to my 5 tips to help you get around the right people and improve your life!  See omnystudio.com/listener for privacy information.

MLM, network marketing and direct sales, which is best for you? People say that the Internet has changed everything! I say that some things never change. For instance, whether you’re selling online or face-to-face; people do business with other people. Your customers are people you are selling to people even if you are using the Internet as the platform. Recently we talked about ways to make money on the side while still keeping your regular job and some of you have asked for examples of how to do this. Apart from getting a part-time job; we keep hearing that there are all these job vacancies that can only be filled by EU recruitment. I’ve mentioned plenty of online money-making ideas, such as Amazon and Ebay, so I wanted to give you a few offline ideas for those of you who prefer more traditional face-to-face sales. Over the last 50 or 60 years one of the most popular ways of earning extra money is to join a network marketing or direct sales company where you sell products and recruit people on a self-employed basis. One of the main advantages of joining such an organisation is that you don’t have to do any of the R&D, product development marketing and set up in order to get started. You can basically sign up and get started. It’s a bit like a franchise where much of the work has been done for you. In general, you have more chance of surviving under a good franchise system than you do starting-up your own business from scratch. There are, of course, disadvantages like the fact that you have no control over the business. I know people have made millions from network marketing. Jim Rohn made his first fortune working in Amway, the largest network marketing company which started in America in the 1950s. But I also know hundreds of people who have made nothing or have lost quite a lot of money. I still remember the look on the face of a restaurant owner in Swiss Cottage, when a lorry turned up to deliver a large consignment of water filters.   So what’s the difference between MLM, network marketing and direct sales? The main difference is that network marketing involves recruiting and building a team whereby you earn commission from your downline. This should not be confused with the illegal pyramid schemes where the sole purpose is to recruit people and get their money from people who then recruit more people to get more money. Direct Sales simply involves selling products for a commission.   Direct selling There are hundreds of companies that sell low-cost products through a network of self-employed agents. Long established companies which come to mind include Betterware and Ann Summers. Ann Summers have been going strong years and have thousands of female agents or “ambassadors” who make part-time living selling their products through party plan systems(similar to the old Tupperware parties). They run a staggering 7.000 parties every week in the UK and Ireland and have made the old-fashioned sleazy sex shops more palatable to the High Street. It has worked very well and the company is very successful. Ann Summers started in 1970 with a shop in the west end of London. It was acquired by Ralph and David Gold (some of you may know him as the joint chairman of West Ham FC) in 1981. David Gold’s daughter Jacqueline Gold, the current Chief Executive, started the party plan concept. I have met Jacqueline on a number of occasions and she is a fascinating lady. The story goes that she was originally introduced to the company on a work experience basis and paid just £45 a week. She says that the experience of working in one of her father’s sex shop was not very pleasant due to the male-dominated atmosphere and the way the shops were perceived at that time. She was invited to attend a Tupperware party and immediately saw the potential of selling sexy lingerie and sexed toys to women in the privacy of their own homes. Her genius idea took off and changed everything for the company. The company now has 144 retail outlets across the UK Ireland, the Channel Islands and Spain. Jacqueline Gold is repeatedly worth £500 million.   Betterware started in east London in the 1920’s and still sells basic hardware and useful gadgets and household goods. Typically, their army of over 7000 agents would distribute a brochure and order form door-to-door in their area and ask customers to leave the brochure with any order form for good they wish to purchase. They then go back on a designated day to collect the forms. Orders are then hand-delivered by the agent who earns a commission.  Years ago, my partner had a Betterware round. She did okay and sold lots of small priced products.   Network Marketing   Network marketing, also called multi-level marketing (MLM) and referral marketing, is a marketing strategy for the sale of products or services through a network of self-employed agents where part of the revenue is distributed to agents and up/downlines through a pyramid-style binary compensation plan. Whilst individual company compensation plans differ, the basic principle is that you can earn money from two sources, one through selling products and to earning commissions based upon the wholesale purchases of distributors you have recruited in your network or downline. In theory, because the company does not have any retail outlets and far fewer staff and overheads than a traditional company, the majority of the profits should be distributed to its agents. Many Vitamins companies such as Herbal Life have made billions off of selling supplements via MLM. A company I have been using sells quality supplements through MLM and are still around after 20 years. I get a discount on the products as an agent but do not actively recruit other agents. One of the early MLM or direct sales companies is Avon, which has been around for donkey's years selling cosmetics through the network of mostly female agents. I personally know many people have made modest but decent living part-time on selling Avon and similar products.   Things to look at if you are going to join a network marketing or direct sales company.   Is the company financially stable? Is the company you’re signing up with financially stable and likely to be around for the longer term? Do your due diligence before parting with your money and getting all your friends involved, as I have seen many companies come and go. I’ve been there in a big hotel room at Heathrow Airport with 2000 people or eager to sign up with a company from America that had a “ground floor” opportunity. Unfortunately for me, most of them never got off the ground and some went bust taking my money with them.   Is it a reputable company and a member of any Direct Sales Association or similar body in your country? Look up the company and find out how long they have been going. Most are private so it is difficult to get any detailed financial information. Other things to look for is the viability of the product range, whether or not they make any wild claims about how much money you can make and whether they require you to purchase large amount of stock or expensive starter kits.   Repeatability of the products Do they sell a product which is ‘repeatable’ and likely to be bought on a regular basis. For instance, if the company selling vitamin supplements or utilities then there’s a good chance that customers will come back to buy more and stay with you for many years.   Does the company have a fair and understandable compensation plan? Make sure you understand the compensation plan, as some can be extremely complex. I found that even existing agents don’t fully understand their plan. Make sure it is not a pseudo-pyramid scheme.    Are the products any good? You can’t make a silk purse out of a pig’s ear, as the saying goes. People are so eager to get rich quick often overlook the actual product and even sign up to schemes it don’t even have a real product. Network marketing companies which have stood the test of time all have a good consumer product range with a reasonably priced entry level. You have to make your own decision based on your research. There are thousands of companies out there selling all kinds of products and services. Find the one that suits you best. You can also sign up as an agent to purchase specialised products for yourself at a discount. Remember, you can only go so far by cutting back and saving money. You have to generate extra income to build wealth, just as a business needs sales and customers. I would add that I am not promoting these schemes and you should take legal and accountancy advice before entering into any business transaction. I’m just giving you information here. However, if you’d like to know more about how you can earn a bit of extra money on the side, please feel free to drop me a line at [email protected].  See omnystudio.com/listener for privacy information.

In this week’s episode, 5 Quick Money Saving Tips. What’s the funniest money saving tip you’ve ever heard? One of the strangest tips I’ve heard was on a radio show, which had a daily “housewives tips” feature. The Alan Partridge sounding DJ would say: “ send in your money saving tip on a postcard and if it’s read out, you’ll get a free mug!” One tip sent in by a listener recommended gathering up all of the small leftover bits of hand soap, then putting them into a saucepan. You would then boil the soaps (or bits of soap) and meld them together to form new bars of soap! Well if you’ve heard amusing tips one like that let me know, but not on a postcard. In those days, before the Internet, a popular saving tip was to cut out coupons from magazines and newspapers and take them into the supermarket to get savings on certain items. It was always annoying standing behind people rummaging around in the purse for coupons! These coupons still exist only nowadays they can scan them straight into the tills. One of my wealthiest clients used to collect coupons she was worth a fortune in properties, but still looks after the pennies(so the pounds looks after themselves). Nowadays, you don’t even have to cut out paper coupons as there are many deals on the Internet. Companies like Wowcher and groupon have made a fortune cashing in on the ground trend to get a deal or save money! It’s almost become a national obsession. You can only go so far by cutting costs and saving money. Grant Cardone says: “Foundation of building wealth Focus on income…” In other words, if you want to build wealth you need to first focus on generating income and later on investing.Money held on deposits won’t make you rich either. If the banks are paying you .25% in your money it will take 40 years to pay you 10% on your cash! There are hundreds of practical ways to generate more income including:   Take a part-time job Start a part-time business MLM or direct sales Online marketing Online retailing such as amazon, Ebay, Groupon or shopify Facebook Affiliate marketing Blogging and writing YouTube Film extra Teaching Buy to let property Property management In the next episode, I’ll be going into some easy ways to make some offline income in your spare time.See omnystudio.com/listener for privacy information.

In this episode, Charles looks at the reasons why a  business can fail and what actions a small business can take to make sure that it is being proactive in securing customers and moving forward. If you have a business or are thinking about starting one listen in now to find out about how to be part of the successful 50%. KEY TAKEAWAYS There are lots of possible reasons and lots of places you can place the blame when a business fails. The most common reason given is the lack of sales, but it is also about the lack of marketing. The first thing to look at in business is marketing as this comes before sales in any business cycle. It's vital that you are doing some sort of marketing to get people through the door and are being proactive about your business. You must get your name and what you are offering whether it’s a product or a service out there so people know what you can offer them and where to come. Larger companies are constantly updating things and running special offers to ensure their name is out there A small business can become complacent, they sit back and expect that business will come, without putting any effort into marketing and getting their name out there. Small companies can be their own worst enemy. There are a range of different ways to market but when you advertise through more traditional channels such as papers and radio you don’t really know if your message is reaching your potential customers. A small business needs to target their marketing to realise the best potential with possible customers. A small business can achieve targeted marketing where they are able to calculate the impact. This can be achieved by using platforms such as Groupon to offer free and discounted products and services. The advertising medium that has the most impact is Facebook and there is a method you can use to target local people and bring in business from the local area. Facebook has 2.3 billion monthly users, 1.5billion daily mobile users and the highest traffic is between 1 pm and 3 pm, on Thursdays and Friday's engagement is up to 18% higher than the rest of the week. 50% of 18 to 24-year-olds log into Facebook every day. Each visit to Facebook lasts on average 20 minutes so this means your potential customers are on Facebook. You have to market to the place your potential customers are, and this is Facebook You can see the results and impact of a particular marketing campaign. With you can run ads for a few pounds and this means you have the opportunity to test and see what works. You need a strategy and a proven system to be successful on and this will be the focus of the upcoming episode. BEST MOMENTS ‘The recent case of Flybe going under documents their lack of marketing’ ‘What is the secret of a successful business?’ ‘What are you doing to get people through the door?’ ‘How can he make the same profit per person when he’s charging the same price as 5 years ago,  No wonder he’s looking glum’ ‘It's important to get started with something’ ‘You should do something to get your name out there’ ‘You worry about everything and are working lots of hours’ ‘We are bombarded by messages all the time’ ‘There are a range of different ways to market’ ‘You don’t know if you’re hitting the soft spot’ VALUABLE RESOURCES https://itunes.apple.com/gb/podcast/money-tips-podcast/id1442532994?mt=2&i=1000431497176 You can contact Charles at [email protected]  See omnystudio.com/listener for privacy information.

When the family of footballer Emiliano Sala needed money to search for his body after the plane in which he was travelling to his new club Cardiff City went down in the English Channel, they launched a fundraising campaign which raised £300,000 Euros in a few days. The money came very quickly out of nowhere, which illustrates that despite what some people say, money around everywhere. In fact, there is over a trillion Dollars circulating right now. This does not include the hundreds of billions in pension funds, venture capital and hedge all looking for places to invest.   Here are a few more examples; John Lennons wife once asked him for a Swimming pool and he said "okay I’ll write you one".   When the ISKCON Hari Krishna movement approached George Harrison, for help to fund a new centre in the UK in the early 1970’s, he donated money for a property and wrote the album All Things Must Pass to help raise the money for the movement. One of the massive hits from that triple album was My Sweet Lord, which featured the chant Hari Krishna and went on to sell 7 million copies, outstripping sales by his former Beatle colleagues after the band split. The property Bhaktiavedanta Manor in Hertfordshire is still there today. I have visited the manor many times and walked in the commemorative garden opened by his widow Olivia.   I read a story once of a Guru in India who needed millions of dollars to fund a new temple and centre. He was asked, where is the money going to come from? He replied, “from where ever it is now “.   People with this level of mindset realise that when you have a project or a goal money is no object. The money is out there and you just have to find it, attracted, manifest it, ask for it or whatever you want to call it. I remember once in the 1990s when property prices were at rock bottom, confidence was at almost an all-time low and experts were predicting that it would take 20 years for the market to recover. I knew in my gut that this was nonsense and had an idea to buy a certain type of property which could easily be split up into rooms. At the time, the houses in East London was selling for £65,000. I knew that the three bedroom properties could easily be split into five rentable rooms as I was arranging mortgages for a client of mine who is making a fortune doing just that. The problem was, I was broke! I had no cash and lending was super tight.   I put together a plan and approached two of three people who just couldn’t see it the way I did. Disheartened and disillusioned, I gave up. I still have that for page plan somewhere, but that’s all it is a piece of paper with some ideas that never came to fruition. I often pass that street, with the houses now so far close to half £1 million and wonder “what if”! If I had the sort of mindset that I have now I would’ve easily raised the money with a couple of phone calls. By contrast, a famous financier and ‘corporate raider’, Jim Slater, who was an early mentor to billionaire Sir James Goldsmith had been made bankrupt when his investment fund collapsed. Within a few years, he had bounced back and made a fortune for him and his city friends by converting warehouses along the river Thames into expensive apartments. You could argue that it was” alright for him” as he had all his mates in the city. But you could also say that he had the vision and foresight and the correct mindset to get back on top. He also thought big and had a much bigger vision. He went for a large, profitable project which would attract the sort of wealthy investors who shared his vision. Billionaires and multimillionaires truly believe that if they lost everything today they would soon be rich again. Don’t forget, only a few years ago Donald Trump’s business empire was in Chapter 11 bankruptcy and people were saying he was finished. If Richard Branson lost it all today, how long do you think it would be before he would be a billionaire again? Much of his fortune has been made using other people’s money, ideas and work. All they needed was the virgin name. Develop an abundance mindset by remembering that there is more money in the world chasing good ventures than there are ventures available.    See omnystudio.com/listener for privacy information.

One of the all-time great self-help books has to be Think and Grow Rich by Napoleon Hill. I still have my battered old copy of the book, which I bought in the Philippines in the 1980’s. Written in the 1930s by Hill while working in the White House for President Roosevelt during the dark American depression years, it still inspires people 90 years on. This book is the daddy of all self-improvement books selling well over 10 million copies and still selling. It claims to have made thousands of people millionaires and I know people have turned their lives around after reading this book and taking action. One of Hill’s mentors, Andrew Carnegie, started him on a 20-year quest to study and write about what makes people successful and gave him his secret, which Hill cleverly sprinkles throughout the book without specifically revealing it. Carnegie, then the richest man in the world worth over 400 million and still one of the all-time wealthiest men when his wealth is adjusted for inflation, introduced Hill to the likes of Henry Ford and Harvey Firestone. He went on to give most of his fortune away setting up thousands of Carnegie libraries in America and Britain. Bill Gates and Warren Buffett are following in Carnegie’s footsteps. The brilliant title, “think and grow rich”, is actually a little deceiving because it suggests that you can merely “think” and grow rich. I remember reading: First you have to decide on exactly how much money you want. Secondly, you must decide what you will give in return for the money, as there is no such thing as something for nothing.   There’s always a catch! However, if you read the book, you’ll discover that it’s packed with practical ideas and advice to help you accumulate wealth and riches – whatever that means to you. The author never suggested that you could just sit there meditating and think and grow rich. Ohm, the money will come! Hill specifically refers to many steps including, organised planning, specialise knowledge, taking decisions, masterminds, goal setting and taking action to start a small business or getting a better job. Interestingly, some of the small business ideas are not dissimilar to the sort of things you would do as a start-up entrepreneurial today. Napoleon Hill writes about how to start in a service business, which is ideal for somebody with little or no capital. That’s still true today. He even offers bookkeeping as an example of a good service to start with. Even today, most businesses need a good bookkeeper just as much as they need an accountant. When I was in business, we always struggled to find a good bookkeeper and had to pay well to find a good one. Other useful tips he gives are getting help writing a better CV so that you can get a higher paid job and gaining specialist knowledge as opposed to the general knowledge taught in schools. He also talked about people bringing business ideas to venture capitalist and becoming overnight millionaires. Some of the chapters were a little weird, but overall the advice is still relevant even by today’s standards. Hill cleverly mentions the one ‘big secret’ placed throughout the book, but doesn’t tell what it is! You have to read the book to find it.   Nowadays, it is far easier to get started in business with the advent of the digital age. Fortunes have been made faster than ever before. We have so many tools at our disposal that you can get on business within a day with no premises, leases or staff. More training and specialist knowledge – from courses on getting started in property or setting up an Amazon store - is available than ever before. You don’t need years or even months to learn new skills.   If you would like to learn how to increase your earning power and expand your wealth, drop me an email to [email protected]  See omnystudio.com/listener for privacy information.

Loyalty does not pay when it comes to utility providers A few phone calls could save you hundreds, if not thousands, of pounds. After our mortgage or rent payment, utilities I’ll probably one of our biggest expenses. Unfortunately, when it comes to the companies which supply your gas electricity, mobile phones and broadband, it does not pay to stay loyal to them. Same applies to car, breakdown recovery and home insurance. They say that it cost many times more to win the new customer than it does to look after and sell to existing customers. We all know this is the case so why do these providers take us for granted and offer us poor deals forcing us to take our business elsewhere? It just doesn’t make any business sense at all. We hear terms like “loyalty” bonuses, but in reality, we get charged more for the same service than new customers. You also see this with mortgage providers and banks. They will offer a better rate to new customers than existing borrowers or make your savings account less competitive by dropping the rate. I frequently change providers or ask for a better deal by calling them up to asking them for…you guessed it, a better deal! In most cases, they say yes! After all, they want to keep you as a customer, even if they go a funny way about showing it! This simple technique has saved me tens of thousands of pounds over the years. You know the old saying, “A penny saved is…a penny earned”. Actually, it is more when you take into account tax on your income. Right now, I have an issue with Virgin Broadband, who supply broadband to several of my buy-to-let properties. When I first started, they were charging me less than £30 per month per property. Now it exceeds £40 per month when they are advertising broadband& a phone for £27 per month to new customers. To make matters worse, I’m not even getting a good service! They don’t even acknowledge the fact that I’ve got several contracts with them. In fact, one of the reasons I have not changed sooner is that I can never get through to them on the phone. I’ve spent hours on endless automated answering systems - press one for this, press two for that and then out the other end without speaking to a person! Come on Virgin, you can do better than this! Richard Branson, I challenge you to try getting through to your broadband service on the phone! When I had a problem with the router they refused to change it until I went on Twitter! I wish they had many people monitoring the phones as they do watching complaints on Twitter! You don’t always need to change providers to get a better deal. I was able to renegotiate the £40 per month saving on my RAC breakdown membership just by challenging them on offer in a much better deal to new customers When I had been with them for years. You may be tied into a contract and unable to change, so you need to diarise key dates to make sure that you don’t miss out on the best deals or get stuck on an expensive tariff. Electricity and gas companies are notorious for leaving you on an expensive tariff when you could change to a cheaper one just by making a phone call. Action Set a target today to review at least three of your utility supplier contracts. Here’s a list of typical providers: Gas and electricity Mobile phone/landline Broadband Home insurance Car insurance Breakdown cover Okay, you may have to wait online for 20 minutes to get through to a human being, but the savings will be worth it. Have fun saving money, and don’t forget to celebrate!  See omnystudio.com/listener for privacy information.

7 Tips To Become More Creative And See Opportunities Have you ever been in a country and had trouble finding a taxi? This happened to me many times in America, where I was stuck for hours miles from my hotel., And in the Philippines where it was not only hard to find a cab but when you found one they always tried to rip you off. I had a story recently that the founders of Uber was in a similar situation while attending a conference in Paris a few years ago but decided to do something about it. They of course went on to found a company which now provides millions of people with a good transparent service, which we can use from our phone and pay for without cash. According to Investopedia.com, Uber’s story began in Paris in 2008. Two friends, Travis Kalanick and Garrett Camp, were attending the LeWeb, an annual tech conference the Economist describes as “where revolutionaries gather to plot the future".  In 2007, both men had sold start-ups they co-founded for large sums. Kalanick sold Red Swoosh to Akamai Technologies for $19 million while Camp sold StumbleUpon to eBay for $75 million.  Rumor has it that the concept for Uber was born one winter night during the conference when the pair was unable to get a cab. Initially, the idea was for a timeshare limo service that could be ordered via an app. After the conference, the entrepreneurs went their separate ways, but when Camp returned to San Francisco, he continued to be fixated on the idea and bought the domain name UberCab.com.  In 2009, Camp was still CEO of StumbleUpon, but he began working on a prototype for UberCab as a side project. By summer of that year, Camp had persuaded Kalanick to join as UberCab’s ‘Chief Incubator’. The service was tested in New York in early 2010 using only three cars, and the official launch took place in San Francisco in May.  The rest, as they say, is history.   Uber’s disruptive technology, explosive growth, and constant controversy make it one of the most fascinating companies to emerge over the past decade. The almost ten-year-old company soon grew to become the highest valued private startup company in the world. But with its rapid growth came many controversies that knocked down its valuation from a lofty $70 billion to $48 billion in its last funding round in Jan. 2018. On May 23, 2018, the company announced a new tender offer that would bump the company's value to $62 billion. Source: Investopedia.com On my recent holiday I was able to use Uber and similar apps. The cars are clean, the vast majority of the drivers are polite and I no longer get ripped off when arriving at an airport.   Do you ever find yourself complaining about a service or situation? Dr Joe vitality said that whenever you see a lot of people complaining about something there is always an opportunity there. I used to complain about not been able to find a taxi or getting ripped off, but I never saw the opportunity to do anything about it. You may have seen the recent movie, The Greatest Showman, which was about BT Barnum. Barnum was not only a great showman, but it was someone that sort opportunities where other people only saw problems. In other words, he was a visionary. Thousands of products and businesses have been started by people who wanted to solve a problem. I’m sure you have had ideas for products or services, but perhaps you were not able to follow them through. Sometimes our mind or that voice in our head tells us things like: “That will never work” “ someone else is probably doing it already” Or, “ it’s too difficult and you can’t do that”   Before you know it, you’ve talked yourself out of it and a few years later you find that someone else has “stolen” your idea! By opening your mind to the opportunities around you, you too can become a visionary. You don’t have to form an Uber or a Google or Facebook. Remember that all of these companies were formed to solve a problem. In the case of Facebook the founders wanted to meet girls on campus. Do you remember what it was like using search engines before Google?   7 techniques to help you become more creative and see opportunities: Open your mind and realise that problems are opportunities. There’s an old saying that where there’s muck there’s brass meaning that where there’s dirt or messy problems, there is money and opportunity. Clear the clutter and noise from your mind. Sometimes we literally can’t see the wood from the trees because our minds are cluttered with so many things that we can’t see things that are right in front of us. Techniques to clear your mind include meditation and just being quiet with yourself. Meditation doesn’t need to be complex, but you will improve with practice. Try just sitting and breathing into your belly for a few minutes. Just take deep breath right down into your belly and watch your stomach move up and down. Just concentrate on the breathing and let other thoughts come and go. See if you can do that for two minutes. Then extend it for longer. You don’t have to think of anything or listen to meditation musical tapes. Sit still for 30 minutes. I learned this from the great Brian Tracy. His technique involves going into a quiet room and sitting for 30 minutes with no music no phones, no coffee or food just you in a chair in a quiet room. You don’t need to think of anything but you need to be quiet and just alone with yourself. Nowadays we are hardly alone with ourselves for any length of time because we have so many distractions, especially our smart phones which are buzzing and pinging every minute. Try this technique and you’ll be amazed at how many ideas just pop into your head when you least expect it. You will also feel relaxed, refreshed and calmer. Go for a walk. This is especially effective if you can walk around nature in a field or a park. Just walk and admire nature, the Sun or the sky. Health practitioner suggests that we should walk for at least 30 minutes a day so you can combine the techniques and kill two birds with one stone! Keep a notebook or a journal and write down every idea you think about during the day. You might be surprised at how many ideas you’re already generating right now. When doing your own “brainstorming”, remember that you’re not judging the idea at this moment. Just write them down and return to them later. Serial entrepreneurs like Richard Branson and Simon Woodroffe (who founded Yo! Sushi) carry notebooks and journals with them and make notes all the time. You can also make notes on your phone or laptop, but there’s something about physically writing an idea down that activates your brain. The late Jim Rohn used to be big on giving journals. He kept journals all of his life. I remember him saying to me, don’t trust your memory. Act on your ideas immediately. It has long been known that acting on an idea immediately gives it far more chance of going from gestation to birth. Acting on your idea could mean something as simple as writing it down or putting in your diary to follow up later. Nowadays we can research things immediately on Google, so we have no excuse! Finally, never underestimate the power of your own mind. You don’t have to be a genius to be wealthy or successful you just have to be focused. I remember working in commission only salesforce in the 1980s where the top salesman, a guy called Doug, was earning 20 times the income of the bottom 20% - around £100,000 per annum, which was a lot of money back then. He didn’t seem to work any harder than anybody else. Doug was in his 50’s and put in a full day but never really looked stressed. However, he did not hang around at the coffee machine gossiping or chatting about the recession we were going through – he decided not to join it! He did have a PA, which separated him from the rest, but other than that he was a fairly ordinary guy. He came out on an appointment with me once and I thought I was going to say this really super salesman. Surprisingly, he was quiet, unassuming, normal and did more listening than talking. The manager of our branch got him to give a talk on how he was so successful and earned so much commission when others were struggling. When I heard he was given a talk I was really excited and thought I was really going to get some big secret and new ideas. When he gave the talk, I was a little disappointed as he didn’t really say very much that I didn’t already know. However, there are two things that stuck out in my mind from his talk all those years ago. Firstly, he was a relentless prospector and marketer and was always sending out letters or making calls. Secondly, when asked by my audience member what his secret to success was, he just pointed his finger to his head and said, “it’s all up there, in your mind”.   You only need one good idea, followed through with action and persistence to turn your fortunes around. There are thousands of stories of men and women of all ages from 10 year old YouTube millionaire kids to Colonel Sanders, who started KFC when he was 65 years old and unable to live on his pension – he approached thousands of companies before his idea took off.See omnystudio.com/listener for privacy information.

Reviewing Your Mortgage Could Save You Thousands Not Reviewing Your Mortgage Will Lose You Thousands The Bank of England and The Fed have both signalled an end to massive money supply, cheap credit and low interest rates. This means that interest rises may be coming soon, so now is a good time to review your mortgage deal. Some of you might be on the standard variable rate, usually the most expensive rate, while others could be on the existing fixed or discount rate deals. You should review your current mortgage deal and diarise key dates, such as the end of the fixed rate or discount deal. Lenders normally tie you into a set term on a fixed or discounted rate with hefty penalty charges to come out. At the end of the period, your loan will usually revert to the standard variable rate, which will inevitably be higher. The lender is not going to inform you that they can find a better deal for you, so you need to be aware of these dates and start looking for new deals a couple of months in advance. Let me give you an example. I bought a buy to let property 4 years ago with an interest-only mortgage costing £1050 per month.  I was tied into the initial deal for two years and there were heavy exit penalties if I switched, paid it off or remortgaged during the two years. Towards the end of the deal term I asked my broker to find a better deal. My broker had not informed me that the initial rate was expiring and that my payments would increase, or that I could save money by switching to an alternative rate or lender. After searching the market, I decided to stay with the same lender and switch to one of their new fixed rates. This saved on new surveys, legal fee and hassle. How much did I save by switching to the new deal? The new pay rate was almost half the old rate at just £540, a saving of £510 per month! That's £6,120 per annum or £12,240 over the 2 year deal period (for the sake of the example I'm ignoring the lender fee that was added to the loan adding around £5 per month to my repayments).  This comes straight off the bottom line and I would've had to earn £18,000 in rent before tax to make the same amount of money. Not a bad result for making a phone call!  Had I done nothing, I would have been paying even more than £1050 per month and would have been exposed to interest rate rises, which have since increased. Bonus Tip You don't necessarily have to switch lenders to save money. You can stay with the same lender and switch to a new deal without remortgaging or refinancing. Remortgaging may not be convenient for you, as it involves new credit searches, references and valuation. In some cases, you may not qualify for a new mortgage, due to age or income, but will be able to switch deals with your existing lender. Some mortgage brokers recommend remortgaging to a new lender because this pays them more commission. Yes, your lender pays your broker an introduction fee which is declared on your offer. Action...Check your mortgage offer and papers today or call your lender or broker.See omnystudio.com/listener for privacy information.

When I was a financial advisor, I often asked people how much they think they had earned in their lifetime. Then I would ask how much they had left in their bank account. They would usually squirm uncomfortably in their seats or shrug their shoulders. It reminds me of an old joke: Unfortunately, my peak earning years coincided with my peak spending years! Wouldn’t it be better if your peak earning years coincided with your peak saving years!  I know it’s hard if you are struggling to bring up a family and provide a roof of your head. I’ve been there. All I can say is that you can take two families on similar incomes and one will manage to save and the other won’t. I’ve seen this so many times in my financial services and banking career. I’ve seen people on low incomes acuminate far more money than people on much higher incomes. Here’s the golden rule; Pay yourself first. People who have accumulated money save a set percentage of their income before spending the remainder. They pay themselves first. People who are broke invariably do the opposite. They pay everybody else first, spend on consumer goods, eating out, drinking, partying, coffees, evermore new clothes to fill their bursting closets, club memberships, toys, new phones, gigantic TV’s, cigarettes, pets, huge pedigree dogs…and then save what’s left over, if anything at all. Why do you migrants do so well? One of the main reasons migrants get on so fast in this country, as well as in America, Canada, Australia and so on is that they have completely different spending habits. In my experience, they usually live frugally within their means. They save a substantial portion of their incomes or send money back home to support their families and buy property. They don’t spend their evenings drinking in the pub. How do I know this? Because I ran a business for 15 years recruiting overseas nurses and care workers to the UK. I also co-wrote a book on immigration, How to Come to the UK to Live Work Study or Visit, and was featured on numerous TV and radio news programmes. I can tell you countless stories of migrant workers who came here with “nothing to declare”, often thousands of pounds in debt and went on to become established within a few short years often buying their own homes and more. I know one particular client of ours who came over to the UK on a job paying less than £17,000 a year. A single mum with 3 kids, she worked hard and saved and was even teased by her co-workers as being stingy. But while they were going out spending money, she was quietly tucking it away and sending some to her family back home in the Philippines. She also spent many thousands of pounds on obtaining her permanent residency and citizenship and getting her children over to the UK to join her and live with her. After a few years, she met her future husband, also a migrant from the EU. She got him on the savings track and together they managed to buy a new 2 bedroomed house a couple of years later using savings of £50,000. Most of her co-worker's friends are still renting and paying a lot more out to their landlord than she pays on her mortgage. She has also set up a home-based business in her new house. She now works part-time and rest the time running her own very profitable little side-line. She told me that all her friends ask her questions like, “how did you manage to do it?”. She is still careful with her money and knows where every penny is going on exactly how much money is coming in and out of the household. She is also studying in her “spare” time to become a mortgage advisor and wants to the next property she buys to be a buy to let investment property. Fortunately, both she and her husband have the same money philosophy and money mindset. They are prepared to practice delayed gratification - save now enjoy later, not spend now, pay later - for a better future for them and their family. Is she worried about what’s going on the news, the global trade war, Brexit possible recession, NO! She’s getting on with her life and her business and hasn’t got time to spend hours watching the TV or read in the newspapers. 7 reasons why migrants prosper Migrants save Migrants live frugally within their means Migrants work hard Migrants are ambitious and frequently start their own businesses Migrants pay little attention to the news Migrants see opportunities where the natives say problems Migrants value education You don’t have to be a migrant to follow these simple rules, do you? You can follow the 7 rules right where you are and start to prosper like a migrant.See omnystudio.com/listener for privacy information.

Catch Me If You Can   Cyber security and credit protection advice from the real Frank Abagale   The man who inspired the Stephen Spielberg billion-dollar blockbuster movie, played by Leonardo Di Caprio, who worked for the FBI for 40 years advising governments and corporations on cyber security recently gave a talk at Google.   His advice on how to protect yourself against cyber crime might surprise you and even scare you.   In case you haven’t seen the movie, it tells the story of how a 16-year-old boy managed to con his way onto airlines and fly free all over the world posing as a pilot. He also defrauded banks out of millions of dollars through cheque fraud and worked as a hospital doctor and a lawyer despite leaving school at 16 never having studied medicine or law at university.   He was eventually caught in France and spent years in French and Swedish prisons before being extradited back to America where he spent four years of a 12 year sentence in a federal prison for his crimes.He was given a ‘get out of jail’ card when asked by the FBI to join the fraud team (the only person ever to have been asked) where he has had a glittering career.   Technology breeds crime   Answering an audience question, Franks said that today it is far easier to commit fraud and steal from banks, companies and people through cyber-crime.   However, he added that nearly all security breaches are caused by people either not following procedures or committing crimes from the inside.   Millions of people are victims of fraud, such as identity theft, phishing and card cloning.   Here are two of Franks’s top tips to protect yourself.   Never use a debit card. Frank only uses credit cards, which are safer and easier to replace if it has to be cancelled due to fraudulent use. If someone gets hold of your debit card details they can wipe out the contents of your bank account because they are an extension of that account.   This is a useful tip for building a strong credit rating because as long as you pay the balance off each month your credit rating will go up.   He also gave his children credit cards, rather than debit cards, when I went to college, but control the limits and spending as he was the guarantor. This had the added advantage that his children were able to build up a credit rating during the college years which enabled them to obtain a mortgage purchase a house much earlier.   Monitor your credit rating on a monthly basis.   There are a number of companies which offer the service and he suggests using a company where you can login and monitor your own credit rating with the various credit reference agencies. That way, you can see in real time whether someone has used his details or searched his credit details.   This is great advice from the man who sent it all from both sides and virtually wrote the book on the subject.   Nowadays, so many things are connected to credit history. It used to be only important when you applied for a loan or mortgage. Now, every time you open an account, apply for insurance, utilities, mobile phone contract, renting a property and even applying for some jobs your credit history is checked. There are number of ways you can protect and build your credit rating which require very little effort. The important thing is to stay on top of it.   Here are my top 7 tips for protecting your credit rating:   Protect your credit rating with your life, because so much of your life depends on your credit rating! This is serious stuff, so don’t play around with it. Check your credit rating regularly and protect it by never allowing your rating to be compromised by not paying a bill or defaulting on a credit card, which can stay on your record for up to six years. To check your credit file and obtain a credit rating you can apply to one of the main credit reference agencies in your country. In the UK the big three are www.Experian.co.uk, www.Equifax.co.uk and www.Call Credit.co.uk, which can supply a free report or charge a small fee. You can pay a monthly subscription for ongoing reports, but just try a free or basic report to start with. You can also obtain a combined report covering all three credit agencies, which will often hold different information on you depending on which company reports activity. Check your credit file at least once a year, as errors will affect your ability to obtain credit, take out a mortgage or mobile phone contract or open a bank account. If you discover something on your file which should not be there, like a County Court Judgement (CCJ) or a Default on a credit agreement or utility bill you can dispute it with the company or go to the Financial Ombudsman or Citizens Advice. Companies also report late payments to the credit agencies, which means you could be refused a mortgage even though you have never defaulted on a bill or been taken to court. For instance, if your credit card bill is due on 20th of each month and you manually pay it over the counter at your bank each month on 19th, you are technically late, as it takes several days for your payment to reach the card company. You can ask the court to set aside judgements where you have a case or were not informed about the legal action. Take legal advice. Pay bills and creditors on time. You will also be reported for paying utility bills late. Some mortgage lenders have been known to decline a mortgage application just because the person had a late payment in the last 3 years Watch those searches. Credit searches are recorded and leave a ‘footprint’ when you apply for credit, utilities etc, in some cases even when you do not proceed with the transaction. Pay up when you lose a county court case and live to fight another day. If you are involved in a legal dispute in the County Court and lose you have less than a month in which to settle the debt awarded to the other side by the judge, otherwise the debt will appear on your credit file as a CCJ for six years even if you pay by instalments or later clear the amount outstanding. If you later pay off a debt months or years down the line you can have it recorded on your file as “satisfied”, but CCJ will still show up for six years. Pay bills by direct debit or standing order to avoid missing a payment, which will appear on your credit file. If you are in dispute over a small debt or utility bill always pay it and argue about it afterwards. If you refuse to pay, the company may issue a Default against you, which they can do without going to court. The Default could stay on your record even if you are later proved to be in the right. In my days working in banks and financial services I have met countless people who allowed their credit rating to be messed up over a £50 water bill. The water companies were particularly aggressive in going after debtors.   Avoid ‘voluntary arrangements and bankruptcy if at all possible as they will also blight your record   Bonus Tip Finally, be honest and trustworthy. The world revolves around trust and reputation, so be straight and pay back what you owe ON TIME. If you can’t, inform people instead of burying your head in the sand. Almost everyone will need to borrow during their lifetime, especially home buyers and entrepreneurs. Protect your credit rating with your life, because so much of your life depends on your credit rating!See omnystudio.com/listener for privacy information.

Why You Should Invest In Assets Instead Of Leaving All Your Capital In The Bank I once attended a seminar featuring Robert Kiyosaki of the 'Rich Dad Poor Dad' books fame. They got a very smart 10-year-old boy to stand up on stage and repeat his mantra. They asked him, what is an asset? “Assets puts money in your pocket “, the boy gleefully replied. They then asked him what is the liability. The boy said, “liabilities (e.g. cars, consumer goods) - takes money out of your pocket”. He’s probably a millionaire by now! However, this rather simplified description of an asset and does not really explain assets fully. Whilst it’s true that assets can put money in your pocket, like property or shares, not all assets give you a regular income and the value can go down as well as up. For instance, gold and silver, or classic cars and watches are not going to give you an income unless you rent them out, but the value generally increases over time but can also decline for many years. Obviously, you can also enjoy using them. Assets are not always tangible or physical. They can also be things you create like blogs, podcasts, books, songs, websites, online stores, copyrights, inventions, email lists, Facebook pages and many others including of course businesses. My best investments and greatest assets have been the businesses I started from scratch with hardly any money. One very sound reason for investing your money in assets, as opposed to leaving it in the bank, is to protect the value of your savings against inflation. If you are earning half of one percent and your savings and inflation is running at 1%, The rate at which the buying power of your money is going down is double the amount you are earning on that money. Whilst a half percent doesn’t sound much, over the years it will eat into your savings like a moth-ridden pair of curtains. We all need some ready cash in the bank by the way. It was only about 15 years ago I could buy a flat in my area with a 15% deposit or around £20,000 - £25,000. Today, I would need £40-£50,000 to buy a similar flat with the same percentage deposit. This is because properties have gone up faster than inflation while savings in the bank have lost their buying power. In other words, if I was sitting with £20-25,000 in the bank for 15 years the value or buying-power of that money has diminished and would no longer be sufficient to put down on a flat, as first-time buyers saving for a deposit find to their cost. Put another way, I have doubled or even tripled the value my money put into the property over a 15-year period. In addition, I also enjoyed income in the form of rentals. Had I left it in the bank I would have earned a little bit of interest, but the real value has gone down. Yes, it requires more effort on my part but the little bit of work itself was well worth it. Assets can also include stocks and shares, which also provide dividend income and the prospects of future growth. Today, we’re not even earning half a percent on our savings but less the .25% in some cases and inflation is running at nearer 3%. You might say, okay everybody knows the value of properties go up and inflation reduces the value of your money. If that is the case, why do so many people leave their money in low-interest bank accounts for years instead of investing in real assets? Part of the reasons are lack of knowledge, poor education, complacency or just laziness – it takes a lot of effort, get up and go and tenacity to travel around looking at properties, doing your homework, applying for finance, dealing with tenants, builders, brokers, and estate agents! Not everyone wants to be a landlord or property developer. My own relatives don’t want the hassle and own one residential property at a time despite the fact that they could have used their equity to build up a sizeable portfolio. When I worked in the bank, we had clients with substantial savings in old, obsolete accounts (earning extremely low interest-rates). When we advised them to simply move the money into a different account, which required no effort on their part, they would refuse and preferred to just leave it where it was. Investing in assets obviously takes some time and effort and requires knowledge and expertise. There are also risks. For these reasons, millions of people hand over their cash to fund managers to invest into assets on their behalf – usually into shares and bonds on the stock market. They do this through vehicles such as pension schemes, unit trusts, investment trusts or mutual funds as they are known in America. Fund managers collectively invest into assets typically property, bonds and shares and the holdings are divided into units. This all sounds fine, but there are some drawbacks. Firstly, charges, commissions, and fees can have a major impact on investment returns and ultimately how much money you have when, or if, you can retire. Investment houses and fund managers charge fees including an annual management charge and ongoing administration fees. You may also have to pay commission or fees to an adviser for financial advice. Whilst an annual management charge of say 1% may seem almost insignificant, over time it can add up to a substantial sum when applied to the total value of the fund. An annual management charge of 1% of a £10,000 investment is £100 a year. However, in 20 years’ time, the fund may have grown to £100,000 with growth and additional investments and 1% of that is £1000 per year. There is also a loss of growth on the money that would have been invested had the charges not been deducted. There are other charges applied within a fund which you need to consider carefully in the information regulated companies have to provide. All in all, charges on managed investments over the long term will affect the value of funds. When you go to any major city and look at most of the tall office buildings they are usually owned by banks and insurance companies, the two institutions which largely control our money. Obviously, nobody expects fund managers to work for nothing especially as they are actively managing your money. This brings me on the second drawback with entrusting your money to someone else. Performance. Active management in my book means that by picking out the best stocks and shares the managers should beat the average growth of the market as tracked by the indexes, such as the Dow Jones, FT 100 Index or FT All Share index, right? Wrong! The vast majority of active fund managers do not even match, let alone beat, the average price rise of the various indexes. When you consider that the average index by definition includes the best and worst performing shares you would think that by selecting which shares to buy and sell the fund manager would easily outperform the average growth movement. Sadly, this is not the case. Research published by Standard and Poors in 2017 on US funds reported that roughly 1 in 20 fund managers beat index funds. Over a 15-year period, 92.2% of large-cap funds lagged behind the S&P 500 index in America. When a few fund managers do manage to beat the index, they are hailed as superstars. Legendary investors like Warren Buffett and Charlie Monger have outperformed the index over decades, but they do not run a fund. Their investment vehicle is a listed company called Berkshire Hathaway, which invests in other companies. The share is trading at around $300,000 a share at the moment! You can buy a smaller fraction of a share though. If you want to invest your money into a managed fund, such as a unit trust, some advisors – I am NOT your financial adviser by the way - say that you could look at an index-tracking funds, which track the main indexes and has lower charges due to being largely run by automated systems. There are a number of different types of funds and tracker funds and you should take independent financial advice. The stock market has made money over the longer term, but it is still notoriously difficult to pick the right share, as even the expert fund managers have found to their customer’s cost. If you are planning to invest directly into shares you should take time to learn how the market works by reading books or taking courses. Then try investing in a dummy account before risking your hard earned cash. Whilst I have invested in shares over the years, my favourite investment has always been property for three main reasons. 1. I can see and touch property – it’s tangible unlike a managed fund or a share certificate which is basically a piece of paper. 2. it is under my control not a fund manager or the management team of a company in which I am investing. I can rent it out, flip it, divide it into rooms or flats (subject to licensing and planning in some areas) or even live in it if I had to. It is more ill-liquid than shares but usually less volatile. 3. and more importantly, unlike shares or bonds, I can use leverage or borrowed money to buy this asset class. Depending on the markets and bank lending conditions, I can buy a £100,000 property for £25,000 along with a £75,000 mortgage. I will, of course, have to pay the loan back and pay interest, but I am enjoying growth and rental income on a £100,000 property (the rent usually pays the mortgage and leaves me with an income after all costs), not a £25,000 property. Do you see the difference? If I’d invested my after-tax money into shares I would have a holding of £25,000 and received dividends and growth based on £25,000. In my experience, most property I have bought has more than doubled over a 10-year period. If I sold the above property for £200,000, I would be sitting on a gross gain or profit, before costs, charges, and tax, of £100,000. Does this mean I’ve doubled my money and made a 100% gain? Actually no, because I only put £25,000 into the deal (with a loan of £75,000), which means I have actually quadrupled my investment of £25,000 or made 400% return on my capital employed in the deal. In the above example, I am ignoring taxes, legal fees and stamp duty (which are costs), but also rental income (which are gains). But there’s another, often overlooked, bonus. When I repay the loan after 10,15 or 25 years, the value of the debt has diminished as inflation is now working in my favour. Governments benefit from periods of high inflation to their advantage when they borrow money through bond issues. Try walking into your bank tomorrow and ask them to lend you money to buy shares in BT or Apple using the shares as security. Just for fun, when they try and sell you one of their own investment funds ask them to lend you the money. They will usually be surprised by the question and inform you that it is not possible to borrow money to buy these assets. When you delve a little deeper you will discover that they view shares, unit trusts and even their own funds as too risky for them to lend their money on but NOT too risky for you to put your life savings into. Shares are used as security in ‘leveraged buyouts’ of large listed companies, but seldom for small investors. In summary, you’re nearly always better off investing in assets over the longer term. However, the price of assets can fluctuate and you could lose your money if you buy the wrong asset at the wrong time or need to sell fast. It is always in your interest to seek independent financial advice, but even better to become educated so that you can be your own financial adviser. Property has consistently made me money over the years and continues to do so to this day. Buying property and dealing with tenants requires effort and at times a lot of patience, however, the returns more than justify the work. You can easily do this in your spare time. As long as you know what you’re doing and buy locally or in a market you understand, you can run a small portfolio of properties while still holding down a full-time job. You can also use management companies to collect rents and deal with the tenants like the many landlords who never visit their properties. Before you rush out and buy a property, I would suggest that you learn about property investment from someone who has done it successfully – not your relatives or someone who has a couple of buy-to-lets. Unlike when I started, today there are many courses available which can teach you the basics of getting started in property. Over the years, I have attended dozens of property courses, but the ones I found most useful and practical are the courses run by Progressive Property. I have also got to know one of the founders, Rob Moore, who owns and controls over 600 properties with his partners. I think you can safely say that they know a thing or two about property! Progressive offers a free taster course which takes you through the basics of many different strategies from single lets and HMO’s to options and deal packaging. You’ll not only learn from these courses, but they are a great place to network and meet interesting and like-minded people. I attended their beginner course and was sitting next to a man who I later found out owned 140 houses! Author and speaker Brian Tracy said that only 10% of people ever study after leaving school or university. I find that the most successful people I know are continually learning, attending courses and seminars and updating their knowledge. They stay on top of their game, which is why they remain successful and get richer. If you’re interested in finding out more about property courses, click on the link below or drop me an email/messenger.  See omnystudio.com/listener for privacy information.

Have you been up ever been asked to do a talk at work what’s your club? Public speaking is one of our biggest fears. So maybe you turned down the opportunity, because you were scared of speaking in public or not confident of delivering a talk?  My advice is that you should take up the offer make sure, but make you are prepared, rehearsed and polished so that you give your audience value for their time.  Don’t be casual, because as Jim Rohn once said, “Casualness leads to casualties”. In fact, we would probably not have heard of Jim had it not been for a talk he gave to a local Rotary Club. He was already a successful businessman and a millionaire when he was asked to give a talk about his career and how he made it from a ‘farm boy in Idaho to Beverly Hills’. Jim accepted the offer and gave a great speech. As a member of Rotary myself I know that not all speakers really make the effort or prepare. Someone saw Jim and asked them to do another talk at a different club. Then someone approached him and asked him to give a talk at a corporate event and said he would pay Jim. Jim thought, “wow, I get paid to talk?”.  This is how his multi-million dollar speaking& training career was launched. By saying “Yes” and making an effort to do a great talk he was spotted and things just took leading to a whole new career. I’ve seen many careers launched from one good talk. That’s right! I’ve seen people promoted because they were noticed giving a presentation to colleagues at work. I’ve even seen a young guy promoted because he was good at cricket! Funny as it may sound, my colleague Colin was my admin assistant serving on me when we worked for Legal and General in the 1980’s. Our branch was asked to take part in a cricket match against one of our building society business associates. Colin been a young fit sporty type stepped up and volunteered to captain the team. He did a great job of organising fielders, selecting batsman and of course bowling people out and scoring a few runs. His prowess and leadership skills on the cricket field were noticed by the branch manager who not long after promoted him. In fact, he snobbishly commented that he was impressed with Colin, but we just need to teach him not to wear white socks to work!  You might say that Colin got lucky, but the fact is he stepped up to the mark, took his opportunity and did his best. I don’t think for a moment the Colin thought that his performance would lead to promotion. It was just the type of guy that would give his all. Colin went on to have a wonderfully successful career in financial services. I met him a couple of years ago and we shared a few jokes about the good old days.  Talking about seizing the moment, I’m sure many of us remember Queen’s performance at the Live Aid fundraising concert, where lead singer Freddie Mercury stole the show. Many of the bands who came on throughout the day just played a few songs and walked off, but Queen prepared a brilliant medley. They knew they only had a few minutes to impress the audience and the millions watching worldwide, so they packed everything into that performance. I believe that the performance re-launched their career and turned Freddie into a superstar. I recently watched a documentary about the legendary Woodstock concert in America where an estimated one million people turned up to watch the great bands of the time. Frankly, most of the performances were disappointing and a bit of a let down. The poor Soundsystem didn’t help, but the main reason was that they were unprepared and really winging it.  Then a British band came on stage who were completely different. They were professional, well rehearsed and gave an amazing performance. Anyone know who I’m talking about? The Who. Like Queen I think they (not so quietly) stole the show, even though they seemed to have a late-night slot. Roger Daltrey was masterful and they really stood out from the crowd. What I’m saying is that they seized the opportunity, grabbed the moment and gave it their very best shot. They were not casual. they were professional. The same applies to any kind of talk or “performance”. Always be prepared and always be professional and give it your very best shot. Barry Hearn recently remarked (in a podcast interview with Rob Moore) that we get lucky breaks in life, but we don’t always make the best of the luck we are given. Don’t underestimate the power of speaking. Speakers have moved whole nations, launched businesses and started religions which have lasted for thousands of years. What do religious leaders do every week in front of their followers? They speak, preach, lead prayers and reinforce the message, the word!  Think about World War II and how two powerful speakers lead their nations through speeches. Adolf Hitler on one side preaching hatred and Winston Churchill rousing his country to take a stand against the far more powerful enemy that was marching through Europe like a hot knife through butter. If you want to hear masterful speaking, google the speeches of Winston Churchill. Listening to him makes the hairs stand up on the back of my neck. Winston was not a great speaker by accident. He spent much time at the BBC learning how to deliver is message on the radio, the leading media at that time. Like many great speakers, for instance John F. Kennedy and Dr Martin Luther King (he employed a Shakespearean style of language to inspire his audience).  Learning from an early age   I’m convinced that the reason why so many people who have gone through private education become confident speakers and leaders is that they are taught to speak from a very young age. I went to state school and I can count on the fingers of one hand the number of times I was asked to read in a class, let alone speak in front of an audience. I sent my children to private schools and from a very young age they were taught how to speak in public. They were given short talks to practice and even learned how to emphasise words and not sound monotone. I can remember my son standing in our living room reading out a short speech which he had to deliver the next day. His tone was going up and down as he emphasised important points. I was amazed that he could do this at only seven years old when I was probably in my late teens or early twenties before I had to give a speech. 10 Tips To Improve Your Public Speaking This is not a definitive list of how to speak in public. You can read many books and take courses on the subjects and mastering speaking can be a lifetime’s work. But these few short tips will get you started.  Never pass up an opportunity to speak in public. If someone asks you to give a short presentation or talk say yes and then learn how to do it, as Richard Branson advises.  Speak up at meetings at work or in public. Public speaking is not just about making speeches and becoming an “orator” - “speak to the back of the stalls dear boy” and all those cliches! Public speaking can involve delivering a speech on stage, but it can also involve speaking at a meeting, giving a short presentation to your work colleagues, selling, one-to-one presentations were just speaking to someone in public and a networking meeting.  Learning to speak in public well could be one of your greatest assets. And by the way, we are all involved in selling in one where another directly or indirectly. The organisation you work for run has to sell to customers. Governments, councils and politicians have to sell policies to the public. We have to sell ourselves to others if you want to get on in life. I don’t have any complete-loners limits that are successful in life, whether that be in business relationships. Almost all of this involves speaking, even if you’re putting that speech in writing to be sold off a page.  Practice your talk in front of a mirror. Be open to still film it on your phone. Practice makes perfect as the old saying goes.  Never wing it. Even if you are asked at the last minute to stand up and speak, take a few moments to make some bullet point notes.  If possible, avoid reading out a speech word for word. Instead make some bullet point notes and practice your talks so you can deliver it naturally.  Use PowerPoint sparingly. I can’t tell you the number of speakers I see standing in front of PowerPoint and then turning the back on the audience to read out the points on the screen, which everyone can read anyway. Another mistake is to put too many points on one slide, which nobody can even read!  Time your talk and don’t over run. If you’re given 10 minutes, stick to it. It always shows. professionalism to finish on time.  Take a course in public speaking. There are thousands of courses and public speaking, but I think one of the best to start with is the joining organisation called international Toastmasters. I started with them and as a non-profit organisation I found them extremely cheap and good value for money. They have regular meetings where you be in courage to speak in front of a receptive and sympathetic audience. The program takes you through different levels of speaking, preparing talks and leading, eventually leading to becoming a Toastmaster and beyond. If you want to be a professional speaker you may want to take more advanced courses, for instance in tonality, projection, using mics and cameras and so on, but Toastmasters is a great place to start as it gets you on your feet talking!  Stand up and Speak. In my experience, nothing beats actually getting up and doing it! We learn from our actual experience, like learning to ride a bike. You can read about it all you want, but you will never really learn until you get on the saddle and start pedalling. The more you stand up and speak, the more you will overcome your nerves and get better at it. Finally, remember that a large percentage of people who are in prison have a limited vocabulary, as well as reading ability. They can only see the world through their own limits. Once people become more educated and learn to speak, they are less likely to reoffend. If you want to improve your vocabulary read more books and google the words you don’t understand. You can also learn a word a day and we that into your conversation so that you memorise it. How does this relate to money tips? Nearly all of the money we earn and all of the relationships in life involve speaking to people. The better you are at speaking, the more chance you have of leading a happy and successful life.  See omnystudio.com/listener for privacy information.

I’ve just been listening to transgender rights campaigner Paris Lees on the Jeremy Vine show, talking about why she thinks it takes to be Human. I will definitely recommend you catch the episode on BBC iPlayer or their podcast.  Paris grew up on a council estate in Nottingham, had an abusive childhood, wild teenage years which culminated in being sent to prison. Despite a difficult start, she’s gone on to have great success after, writing for the Guardian and I guess after becoming a celebrity.  How did she turn her life around? In a word, education. Well, she actually went back to his studies and did a degree in English literature, but said that she became abscessed with reading. This is significant as many other people have turned their lines around three reading, perhaps the most famous being Oprah Winfrey.    Leaders Are Readers As the old saying goes. Paris says she doesn’t have a TV in the house. This is also significant, as TV, along with social media, it’s probably one of the biggest thieves of our time. Don’t get me wrong, I am also guilty of wasting time in front of the box, especially during the World Cup! But it’s so easy to get sucked in to watch in the next program and the next program, and then find yourself channel surfing. It’s funny, but the more channels we have the harder it is to find anything decent to watch.  Zig Ziglar had a good technique To help spend less time in front of the television. He said you should get out one of those TV Guide you get with the Sunday newspapers and mark out specific shows you want to watch during the week. Watch those shows, but then switch the TV off.I grew up in a TV house, so I know what it’s like. Another important fact is that successful people tend to watch far less television than unsuccessful people. Sorry to be brutal, but that’s the way it is. In my days in financial services, I visited hundreds, if not thousands, of homes. With a few exceptions, I found that the people with the least amount of money and the most problems seem to have the biggest TV, and it dominated the living room. In fact, dominated the whole house. Some of them even had big surround sound speakers that shook the whole room! On the other hand, the more financially successful people either had no television in the living room, or a very small old model stuck away in the corner.  Look inside the windows of wealthy people and you will see books. Chinese client in roughest estate in Hackney – nervous even going there. Single parent who worked in a takeaway and did two jobs. She saved her money. I helped her with mortgages and she bought two properties. Her two daughters were studying to be a doctor and a lawyer despite going to ordinary state schools in a deprived area. Whenever I visited their flat I never saw a TV and the daughters were always reading and studying. Read about your industry, company or business. Take shortcuts and learn fast. I also observed more books in the house and noticed that parents who had academically bright children would encourage them to study rather than waste time watching television.  So this is my money tip today. Take back 20 to 30 hours per week by cutting down on TV. In that time you could complete a degree or make hundreds of thousands of pounds starting a business, even if it was in your spare time.See omnystudio.com/listener for privacy information.

Almost every move we make to survive, we spend money. So, if you say that you don’t care about money, then, our host, Charles Kelly, will definitely not believe you. In this episode of Money Tips Podcast, Charles encourages you to take action to save, grow, and make more money. Charles’ mission is to help people in financial matters. He emphasizes that his end goal for this podcast is “not to give you the fish, but to teach you to fish.” Charles shares his career journey in the financial industry and how he honed his financial expertise. And the most notable part of it is the continuous process of learning about financial freedom, which he’ll share more in this episode. He also gives 3 quick tips for you to finally start your money-making journey so make sure to tune in! KEY TAKEAWAYS Education is the one big secret to gain more money. If there comes a time that you gain a million, for example, you need to have the financial education to save it and make it grow. Letting someone handle your financial obligations can make you easily lose your grip on your money. You need to know where your money is going. Charles was only in his teens when he was recruited in the financial service agencies to be a financial consultant. He worked there for 25 years and he believes that it is where his financial education begun. He learned writing funnel scripts and made sales. He left that company for larger companies and eventually established himself as an expert in the finance and banking industry. He also built his own IFA but left eventually because he realized he didn’t like all the paper works. 3 Quick Tips: Take a financial advisor course. You need to keep up to date to things. Keep thinking about money. Keep being aware of money. BEST MOMENTS "If you come to a lot of money, you need to have the financial education and perhaps a million-dollar mindset to hold on to a million dollars" “I’m really grateful for the industry… The financial services really help me in good stead and have done up to this day.” “You need education, not just general education that you get in school, but specific education on success and money.” “Whatever industry you’re in, if you just get up in the morning & read something for 30 minutes, it’s surprising how your knowledge and expertise will leap above the average employer.” VALUABLE RESOURCES Dow Jones Brian Tracy The Secret by Rhonda Byrne Think and Grow Rich by Napoleon Hill See omnystudio.com/listener for privacy information.

Hardly a day goes by when you see on the news another tragic stabbing in London. I hear a lot of community leaders and young people now talking about the lack of opportunity, aspiration, government spending, which then leads to them getting into the wrong crowd were joining gangs. I’ve got no opportunity Austerity is not for me I ain’t got no opportunity I grew up on a council estate in a rough part of London, well Camden was rough before it became gentrified, and we went through similar issues, but the gang violence was nothing like today and there was no drug dealing. But I had to make my way out of the so-called “ghetto” and get on with life, row my own boat as it were. The fact is, opportunity is everywhere in a wealthy western country like the UK. Education is free, unlike many parts of the world where kids drop out after high school. The reason I mention this is because I was really pleased to read about a young man that went out and look for opportunities and found it surprisingly quickly. Reggie Nelson came from a family that didn’t have much money and live in an area of South East London where expectations were low. Sounds a bit like my school where The aspirations of going very fa were limited. However, a few miles across London in Kensington was a place where he knew there were lots of wealthy and successful people. Rather than being envious of those people, he went out to find out what it was that made them successful. It was inspired by Joan Rivers show in America called “how do you how did you get rich” where the host asked rich people how they got that way. He decided to give it a try himself in London, so he Googled the richest area and hopped on the train and got out of Gloucester Road in the Kensington and. Chelsea area. Talking to Jeremy Vine on radio 2, Reggie immediately noticed but it was a different world and a completely different environment from his home. He Started approaching people in the street and just asking them how they became successful and he was rejected by a few but then he saw a man getting out of an Aston Martin and he asked him how we got to own such a nice car. The man was friendly and said that education was the key in and getting forward and gave him £40, even though he was not even asking for money, just advice! He then went to a road where there was a long row of houses and started knocking on doors. At first he received some negative responses and some people were frightened to open the door or telling to go away through the intercom. But the second door that was opened was a lady called Elizabeth Price who actually invited me in to have a chat. Then her husband, Quinten Price, came in and offered to mentor the young man. He he worked in asset management in the city. To cut a long story short he went there for an “experience day” and later work experience, which is not easy to obtain by the way, and a few years later has completed his Education and has nabbed a plum in the city as an analyst for my old company Legal and General. Some might look at him and say, he was lucky! L & G are a great company and one of the UK’s biggest insurers, fund managers and commercial property developers. Quick story after the late 1980’s crash. The great thing about this story is that here you have an 18 year old kid at the time who had the initiative and the balls to hop on the train to part of London which was a completely different world from where he lived and actually knock on doors and talk to people. I would love to interview him for my podcast because he can really inspire young people. Obviously Reggie still had to put in the work and get an economics degree at Kingston University in order to get a good job in the city - so it wasn’t handed to him on a silver platter – but the inspiration came from meeting people and a mentor could help him along the way. The story also illustrates importance of networking and getting to know people. Because it’s people who will help you along the way. We do business with people, we work with people we have to get along with people. Finally, the story illustrates that little wealthy people are as bad as the media betrayed them to be or as they are betrayed in the media. They often betrayed as fat cats to live in their ivory towers away from everybody else, but actually they are more often than not nice people who do a lot to help the community and the charities they support without making a song and dance about it.  See omnystudio.com/listener for privacy information.

Whatever the reasons for getting into serious debt, if you want to live without worry and fear it is vitally important to get out of debt fast and stay debt free forever.   Here are my 10 Tips to get out of debt fast and stay out of debt for good    Prioritise debts in order of importance and cost of servicing the debt. Obvious priorities are things like keeping a roof over your head and maintaining power supplies, rather than paying those who are shouting the loudest. Look at the cost of your loans or credit cards and clear the debts with the highest interest rate or repayment. Clearing the high cost debts first will give you breathing space to pay off other debts faster by saving money on interest. Slash non-essential outgoings. Go through all your standing orders and direct debits and ruthlessly cut out everything you don’t need, especially things like Sky TV or that membership of the gym you only visit once a month. Exercise at home and find a way to walk more often. Make a plan to start paying off debts and stick to it. Most people don’t realise that if you just pay the minimum amount required on a credit card it will take several years before the debt is paid off. Start clearing expensive debts first so that you can reduce the rising tide of compound interest drowning you by by increasing your balance faster than you can clear it. List all debts and monthly repayments on a spreadsheet and plan your route to financial freedom. This one step of making a list of your debts will make a huge difference. Get a balance transfer card. Whilst this is a short-term measure, transferring credit card balances from high interest charging companies to 0% cards will give you breathing space. Watch out for the balance transfer fees which can be a high as 3%. Sometimes it can be cheaper in the long run to pay a small interest rates with no balance transfer fees. Earn extra cash. One of the most obvious ways of reducing your debts is to increase your income. This can be achieved in a number of ways including starting part-time business, working extra hours, qualifying for a pay rise or getting a higher paid job. Check if you are entitled to any benefits or tax credits. This especially applies to single parents and people in low paid work. It’s more benefit or tax break could transform your finances overnight. To find out more check on the government website or see citizens advice if you live in the UK. Never ignore a bill, demand and especially a debt collector or court letter. Burying your head in the sand will not make the problem go away and ignoring any of the above will make matters worse and cost you more in the long run with interest and penalties. Ignoring bills and letters will ultimately lead to County Court Judgements and debt defaults which will stay on your record and credit file for six years and effectively ruining your credit rating. Speak to your creditors if you are having difficulties. Ask for help. This could involve your Citizens Advice office, an independent debt counsellor or even a relative. We all need a little help from time to time and being in debt can be lonely and depressing. Stay out of consumer debt for good. Never borrow to buy expensive consumer items which depreciate in value and avoid rip-off deals like rent to own products like the plague. The old adage of “if you can’t afford it do without it” should be drummed into this modern ‘I want it now’ age! We have become too accustomed to the ‘buy now pay later’ culture of easy credit, which should be called easy debt, and keeping up with the joneses, which I mention in my forthcoming book ‘Yes, Money Can Buy You Happiness’. Bonus Tips Never use expensive payday lenders, unless you have no other choice, and especially unauthorised doorstep lenders will charge you a small fortune interest. Start building your credit rating by making repayments on time and clearing credit cards faster. The higher your credit rating, the more access you will have to cheaper finance and the less you will be dependent on expensive credit.  See omnystudio.com/listener for privacy information.

If you cannot manage your money you will never be wealthy for long no matter how much you earn or win! Clearly, it’s not how much you earn but how much you keep that determines your wealth. In my book, Yes, Money Can Buy You Happiness, I have a whole section on managing your money. One of the systems I have created is the ‘3 R’s of Money Management’ TM Read or Review Read your bank, credit card and mortgage statements. Read the list of regular payments going out of your account and credit cards. Read loan agreements and terms before you sign them. Read a simple book on managing your finances or look online for consumer websites. Whilst this may seem like the blindingly obvious, I can tell you from my experience in Financial Services and banking that most people do not follow the above steps. Brian Tracy once said that reading for an hour a day on a subject will make you an expert within a short period of time and a world renowned authority within three to five years. If you just spend a few minutes reading up on your own financial economy (as opposed to concentrating on the national or global economy), you will become your own financial expert in a very short period of time. Revise Revise your credit cards and loans and shop around for better deals. Revise the minimum payment you make each month to clear the debt. Revise your mortgage loan if you feel you can get a better deal without penalties. Revise your utility suppliers if this is possible where you live. Revise your insurance on your life, car and home. The next step after reviewing where you are is to make the necessary changes to get you where you want to be, whether this is becoming financially free in the next five years or just living comfortable within your budget each month and putting something aside for the future. Loyalty does not always pay, and can often work in reverse and companies frequently offer better deals to new customers while leaving their existing “loyal” customers on poorer terms. Shopping around for a better credit card, mortgage deal, utility supplier and insurance is smart and can save you a fortune. And it’s never been easier to do with all the online comparison websites, which can enable to save money almost instantly by switching to lower cost providers at the click of a button in the comfort of your own home. You don’t always have to switch suppliers to save money. For instance, I have found that a quick call to my internet or mobile phone supplier to inform than that I have found a cheaper deal elsewhere always results in being offered matching terms or a better deal. Why? Because it costs more to win a new customer than it does to retain one by offering a discount, but if you don’t ask, you don’t get! Finally, always read the terms of your existing suppliers to ensure that you are not tied in to a long contract (that you should have read before you signed it) with exit penalties before switching. If in doubt, always seek independent professional financial advice. Record Record Income and Expenditure on a spreadsheet or one of the many App’s. Keep a record of every penny that comes in and goes out of your household and treat your personal household just like a business or corporation. A business records income and expenditure and prepares monthly, quarterly or annual accounts to check on how they are doing. The directors hold board meetings to review the previous year and plan the next one to five years ahead. They budget, make plans and invest in their future. You should do the same and realise that you are your own corporation running your economy. Just like a garden, your finances needs nurturing to stay in shape. A small garden might only need an hour a week. A larger one will need a little more and may require some part-time help. A huge garden or estate will need one or more full-time staff constantly working on it, just like a farm. The farmer knows when to plant seeds, when to weed and tend and when to harvest. Yes, these action steps will require a little effort and discipline, but not doing it will cause you far more pain. What’s easier, giving the lawn a quick trim every week or trying to hack your way through thick weeds and thorns after months of neglect? The rich, wealthy and well-off look at their finances all the time. They know what’s coming in and where it goes, and they are always shopping around for a better deal or investment opportunity. The less well off, do not! It’s that simple. Despite having limited income, I have found that those struggling with money are more likely to have no idea how much is coming in or where it’s going. Pensions timebomb Older Americans’ number one fear about retirement is that they won’t have enough money to afford retirement, a number of recent surveys reveal. Some 43% of baby boomers, born in the unprecedented economic expansion years following the second world war, said their greatest fear about retirement was outliving their savings and investments, making that their top fear — over loneliness, boredom and even failing health, according to a survey of more than 2,000 workers ages 50 and older released in 2015 by the Transamerica Center for Retirement Studies. Almost 60% of financial planners said that running out of money was the top retirement concern for their clients, a survey released earlier that year by the American Institute of CPAs last year found. Even though they have lived during the most prosperous time and in the wealthiest nation in history, outliving their money is even more frightening than dying for most Americans over 50. More than 6 in 10 baby boomers feared running out of money before they died more than death itself, a survey of more than 3,200 baby boomers by financial firm Allianz discovered.See omnystudio.com/listener for privacy information.

You start your money-making journey once you open your eyes in the morning to brace the new day. This is a pretty good mindset you should have if you really want to be learning to gain more money. In today’s episode of Money Tips Podcast, Charles shares his 8 proven effective tips to start your day right. It’s important that you’re physically and mentally ready to do every task that you’ve carefully planned for each day. It’s important that every second of the day is put into good use. Once you’ve followed Charles’ 8 tips, you’ll be having your own morning routine that works for you in no time. KEY TAKEAWAYS Get a good night sleep. Keep away distractions like your phone, a book, or music when you’re about to rest. Sleep deprivation will kill you faster than starvation. Plan your day before the day starts. You may allow time watching tv or playing video games alongside the more important tasks that actually help you make money if you plan ahead. Drink a glass of water. We need water to hydrate us and regain the energy we used up every time. Give that phone a break. We always wait for that notification from our social media or emails. Have some more time off from it to focus on other stuff. In the mornings, it’s better to enjoy the bright & quiet morning alone or with your family. Get moving. Stretching, moving, and exercising can reenergize your body. It also helps you to stay healthy and fit. Meditate and give thanks for the day. Take a seat, close your eyes, and quietly concentrate on your breathing to clear your mind off the things that are bothering you and focus instead on things you should be grateful of. Eat a healthy breakfast. Your parents may have told you a million times before but breakfast is still is the most important meal of the day so you could bulk yourself with enough energy for the entire day. Listen to an educational or inspirational audio. Stop listening to the news or talk shows that could stress you out. Filter what you just need. You feel more energized and happier if you listen to podcasts that are inspirational & educational. BEST MOMENTS “Waking up to a planned day will get you to a fly start.” “The media are pumping up this perpetual doom and gloom all the time so you’ve got to protect your mind from all these. You got to somehow put a whirl around you so you only let things that you want to let in.” VALUABLE RESOURCES Zig Ziglar See omnystudio.com/listener for privacy information.