Money Tips Podcast (Charles Kelly)

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.

1. 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.

1. 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.

1. 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.

1. 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.

1. 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.

1. 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.

1. 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.

1. 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.

1. 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.

1. 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

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.

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/2MoneyBook

The 10 celebrities who command the most money per Instagram post

1. Dwayne 'The Rock' Johnson, 187m followers - just over $1m per post
2. Kylie Jenner, 182m followers - $986,000 per post
3. Footballer Cristiano Ronaldo, 225m followers - $889,000 per post
4. Socialite Kim Kardashian, 176m followers - $858,000 per post
5. Pop star Ariana Grande, 191m followers - $853,000 per post
6. Actress and singer Selena Gomez, 180m followers - $848,000 per post
7. Pop star Beyoncé Knowles, 149m followers - $770,000 per post
8. Pop star Justin Bieber, 139m followers - $747,000 per post
9. Pop star Taylor Swift, 135m followers - $722,000 per post
10. 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 Charles@CharlesKelly.net 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. 

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:

1. Utilise Tax-Free Allowances: Make sure to use your personal allowance, savings allowance, and dividend allowance effectively.
2. Invest in ISAs: Individual Savings Accounts (ISAs) offer tax-free interest, dividends, and capital gains.
3. Contribute to a Pension: Pension contributions can reduce your taxable income.
4. Claim Business Expenses: If you're self-employed, claim all allowable business expenses.
5. Gift Aid Donations: Donations to charity through Gift Aid can reduce your tax bill.
6. Marriage Allowance: Transfer part of your personal allowance to your spouse if they're a basic rate taxpayer.
7. Make a Will and Plan for Inheritance Tax: Making a Will and planning ahead could substantially reduce taxes and stress for your dependents.
8. Use Trusts: Protect your assets for you and your family using the laws of trusts.
9. Avoid Section 24: Legally take steps to mitigate landlord taxes under Section 24.
10. 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 charles@charleskelly.net 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

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!

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 Charles@CharlesKelly.net 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.

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

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 Charles@CharlesKelly.net 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.

In this Money Tips Podcast episode:

1. £30 billion to stimulate the economy following .5% base rate cut
2. Tax cuts for millions as NI thresholds increased to £9500 from April
3. Billions pledged for infrastructure projects in the North and Regions
4. 2% Stamp Duty Surcharge for foreign property buyers
5. £12 billion available to build affordable homes
6. Government will set up a fund to deal with dangerous cladding
7. More bank finance to be made available for business expansion
8. Business Rate relief for small businesses and more R&D spending
9. 50,000 more nurses promised for NHS alongside UK Visa changes
10. Borrow and spend budget will lift future growth and jobs say OBR
11. 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 Charles@CharlesKelly.net 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.

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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community.

See more articles at www.moneytipsdaily.com

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:

1. Loyalty cards and money saving and rewards websites can save you thousands
2. Maximise your returns on savings and investments 
3. Clear credit card debts as fast as you can or transfer to interest free offers
4. Abandon ‘brand loyalty’ for better deals on similar products and services
5. Get control of your finances and stop spending more than you earn
6. EARN more, generate more cashflow with a side hustle or property business 
7. 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

• 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 

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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

E-Commerce Cashflow
19th July, 2020
7:00 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

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 Charles@CharlesKelly.net 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.

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.

1. 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.

1. 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.

1. 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.

1. 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.

1. 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 Charles@CharlesKelly.net 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 Charles@CharlesKelly.net.

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 Charles@CharlesKelly.net 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. 

1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
10. 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 #recruitment

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 

charles@CharlesKelly.net  

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 Charles@CharlesKelly.net 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

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:

1. Loyalty cards and money saving and rewards websites can save you thousands
2. Maximise your returns on savings and investments 
3. Clear credit card debts as fast as you can or transfer to interest free offers
4. Abandon ‘brand loyalty’ for better deals on similar products and services
5. 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

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 charles@charleskelly.net 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 charles@charleskelly.net 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

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 #blackstone

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.

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.

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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

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

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 Charles@CharlesKelly.net 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.

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 charles@charleskelly.net 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

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 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 #transferpropertytolimitedcompany

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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

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

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 paul.rogers@synergy.finance

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 southherts@localagent.co.uk 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 

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 #buytoletlandlord

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 Charles@CharlesKelly.net 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. 

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 

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.

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.

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

In the latest episode of Charles Kelly Money Tips Podcast, we dive into one of the most powerful personal finance strategies: Pay Yourself First. This simple, yet effective concept can transform your financial future and help you build wealth faster.

What does it mean to pay yourself first? 

Watch video version - https://youtu.be/BVwkFqJ3iYQ

It means prioritizing your savings and investments before spending on anything else. Instead of waiting to see what's left at the end of the month, you set aside a fixed percentage of your income as soon as you get paid. This could be for your emergency fund, retirement account, or investments. By automating this habit, you're ensuring that you're consistently saving and investing for your future.

This strategy helps you avoid the common trap of overspending and ensures that you're always moving closer to your financial goals. Whether you’re aiming for early retirement, a big purchase, or simply financial security, paying yourself first is the foundation to achieving it.

How can you start?

Set up an automatic transfer to a savings or investment account the same day you receive your salary. Start with a small percentage and gradually increase it as you get comfortable.

Paying yourself first helps you create financial discipline and builds long-term wealth without effort.

For more tips on managing your money and building wealth, subscribe to the Charles Kelly Money Tips Podcast on YouTube! 

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 #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards #inflation #Fixedratemortgage #PayYourselfFirst #FinancialFreedom #WealthBuilding #MoneyManagement #CharlesKellyMoneyTips #PersonalFinance #InvestingTips

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 charles@charleskelly.net

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.

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 

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:

1. 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.

2. 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.

3. 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.

4. 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!

5. 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.

6. 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!

7. 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.

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:

1. A decade of change and disruption
2. Learn to manage your money
3. 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 Charles@CharlesKelly.net 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.

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 southherts@localagent.co.uk 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 southherts@localagent.co.uk 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 #business

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

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/2MoneyBook

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 #spending

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 

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 Charles@CharlesKelly.net 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

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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

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 Charles@CharlesKelly.net 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.

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

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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

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:

1. Which businesses will the winners or losers following the coronavirus pandemic?
2. For instance - FAANGS – Facebook, Amazon, Apple, Netflix, Google (Alphabet)
3. Small luxuries – Coke, drinks, cigarettes all prospered during the great depression
4. John Lewis, Stella McCartney, Victoria Beckham, Richard Branson on support
5. The American dream turns into a nightmare for millions homeless and unemployed
6. Oil market in turmoil as prices reach 18 year low indicating economic growth
7. Opportunities – stock market, options trading, business and buying cheap assets
8. Learn insider secrets on buying and selling in auctions from leading experts
9. See full interview with auction expert https://www.facebook.com/CharlesKellyUK
10. 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community.

See more articles at www.moneytipsdaily.com

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   

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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

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 HERE

Secure your seat now!

>>> REGISTER HERE

Join me LIVE…

Here’s a reminder of what we’ll cover in the training:

1. HOW TO GET CONTROL OF YOUR FINANCES
2. HOW TO BE FINANCIALLY FREE IN 28 DAYS
3. HOW TO ACCUMULATE WEALTH

>>> REGISTER HERE

With 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,

Charles

P.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!

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 #cryptocurrencies

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.  

1. 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.

1. 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? 

1. 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.  

1. 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.

1. 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.

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.

1. 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.

2. 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.

3. 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.

4. 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. 

5. 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 charles@charleskelly.net.

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.

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

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

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:

1. EU migrants will have to qualify under points system to work in the UK after January 2021
2. 500,000 buy-to-let landlords and property investors UK plan to sell in 12 months
3. Taxes such as 3% stamp duty surcharge and removal of tax reliefs deter investors
4. Landlord tax grab will start to bite after April particularly for higher rate taxpayers
5. 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 Charles@CharlesKelly.net 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.

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 charles@charleskelly.net 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

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.

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 

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

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 

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?

1. 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

• 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.

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:

1. 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.
2. Stay open for business as much as legally possible when others close up.
3. Increase your level of service instead of reducing it like most people do!
4. Look for new opportunities which are always out there, especially in recessions.
5. Check .gov website for any grants, support or relief available for your business.
6. 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:

1. Review your finances and start saving
2. Review your consumer debts and credit cards
3. Review you spending habits – Use the 3 R’s
4. Review your utility suppliers – energy and mobile phone
5. Review ISA and Pensions and use tax allowance
6. Review your Will and inheritance tax liability
7. 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community.

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

1. Manchester declares a state of ‘major incident’ after Covid rise
2. Major employers ignore government ‘back to work’ advisory
3. HSBC to shed 35,000 jobs after 63% drop in profits and bad loans
4. London theatreland in darkness as 5,000 related jobs are lost
5. Half as many jobs are being advertised compared to last year
6. Eat out to help out launches in bid to boost restaurant trade
7. UK property prices jumped by 3% since June after stamp duty cut
8. Will end of furlough see millions more unemployed this autumn?
9. Unemployment could reach 10% and recession last until 2024
10. Staycations boom as UK hotels fill up, always check your travel insurance
11. Why UK Property prices rising after stamp duty cut, despite the downturn?
12. New planning rules will open up more opportunities to make money in property
13. You don’t need your own money to create a second income in property
14. You can create a second income during the lockdown…and come out stronger
15. 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

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

1. How to earn more money
2. How to manage money
3. How to invest money
4. How to protect money
5. 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

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.

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.

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:

1. Rule Number 1. Loyalty does not pay!
2. Never auto renew without shopping around first
3. Check renewal 2-3 weeks in advance of renewal date
4. Go for low mileage insurance if you are not driving so much now
5. Young drivers can save by adding an older, more experienced driver
6. Try getting quotes for multi-car policies which can save you money in some circumstances
7. Your own insurer could be cheaper on a comparison site than they are quoting you directly
8. Make sure you get like-for-like cover – check the small print and terms and conditions
9. At very least, ask your own company for a better deal to stay with them
10. 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/3oLhLmf

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!

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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.

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Wishing you a happy prosperous New Year!

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.

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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.

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- Full product funnels

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Yes, this is a game changer.

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I’m not sure about you, but I will be switching my entire business over to GrooveFunnels.

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Take a closer look at it yourself, and pick up your free account while you’re there:

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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.

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 charles@charleskelly.net

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 Property

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.

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#money #savings #invest #costoflivingcrisis #inflation #freetraining #recession #economy #financialfreedom #property #interestrates #propertyprices #houseprices #housingmarket #interestrates

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

1. 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. 

1. 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.

1. 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.

1. 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.

1. 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.

1. 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.

1. 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. 

1. 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!

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Take a closer look at it yourself, and pick up your free account while you’re there:

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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.

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 charles@charleskelly.net 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 

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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

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 Charles@CharlesKelly.net 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.

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 

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 

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 Charles@CharlesKelly.net 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. 

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 

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

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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

In these times of economic  uncertainty and turmoil, Money Tips looks at ways to generate and earn recurring income streams.

1. Rent out property or equipment
2. Invest in dividend-paying stocks or funds
3. Create and sell a product or service on a subscription basis
4. Offer consulting or coaching services
5. Create and sell an online course or e-book
6. Develop and sell a mobile app or website
7. Invest in a franchise or cash flowing business
8. Become an affiliate marketer selling other people’s products
9. Create and sell a physical or digital product on a recurring basis
10. 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 #recruitment

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:

1. Trusts
2. Tax planning
3. 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

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 Charles@CharlesKelly.net 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. 

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.

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.
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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.

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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:

1. Ten tips to stay on top of thing during isolation…
2. 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.

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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 Charles@CharlesKelly.net 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.