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By Charles Kelly
Money Tips Daily is a daily podcast brought to you by the author of Yes, Money Can Buy You Happiness, published on Amazon. Money Tips Daily helps you save, earn, invest and enjoy more money!
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Weekly News Round Up 181019
Weekly News Round Up 181019 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. By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. Would you like an opportunity to attend a free No Money Down Property Discovery Day? email me at Charles@CharlesKelly.netor send me a message through Facebook or my Money Tips Daily community. Other articles at www.moneytipsdaily.com In the news this week Brexit Deal Agreed Brexit Deal Agreed   By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode:   UK Prime Minister Boris Johnson has agreed a Brexit deal with the European Union, but has yet to convince Parliament to... The rich do these things, the poor do not The rich do these things, the poor do not By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this episode: The things the rich do that the poor do not In my 25 years in financial... Drowning in a Sea of Debt Drowning in Sea of Debt By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Millions in debt. Debt charity deals with 9500 earning £40,000 If you’d like more information on how to acquire wealth building... Brexit Property Effect – Invest or Wait? Brexit Property Effect – Invest or Wait? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Brexit Effect Wait or Invest Is this a flip market? Are we due for a correction? Long term...
15:40
October 18, 2019
Brexit Deal Agreed
Brexit Deal Agreed By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this episode: UK Prime Minister Boris Johnson has agreed a Brexit deal with the European Union, but has yet to convince Parliament to ratify it when they sit on Saturday. This comes after we were previously told that the EU would not change the previous deal on offer and that there would be no further negotiation. The lesson here is that when you enter into any negotiation, you should negotiate from a position of strength, which often means that you are prepared to walk away from the table. Word of the Day Crowdfunding and peer-to-peer lending. Crowdfunding and peer-to-peer platforms are vehicles to allow to enable private investors to earn a higher return on their money by investing more directly into projects. Unlike banks, they pay a higher rate of return, but the risks are not the same as leaving your money in the bank account. If you’d like more information on how to acquire wealth building assets using none of your money, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. Other articles at www.moneytipsdaily.com There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. 5 Traits of the Rich Vs Poor 5 Traits of the Rich Vs Poor   By Charles Kelly, Property Problem Solver, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast   I spent years researching my book, Yes, Money Can Buy You Happiness, because I wanted to find out why some... Drowning in a Sea of Debt Drowning in Sea of Debt By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Millions in debt. Debt charity deals with 9500 earning £40,000 If you’d like more information on how to acquire wealth building... Brexit Property Effect – Invest or Wait? Brexit Property Effect – Invest or Wait? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Brexit Effect Wait or Invest Is this a flip market? Are we due for a correction? Long term...
18:19
October 17, 2019
The rich do these things, the poor do not
The rich do these things, the poor do not By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this episode: The things the rich do that the poor do not In my 25 years in financial services advising thousands of clients, these are the things that I have observed that the rich and successful people, which the poor neglect to do. Word of the Day Disaster Recovery Disaster Recovery is a strategy and set of policies, tools and procedures to enable the recovery or continuation of vital technology infrastructure and systems following a natural or human-induced disaster. If you’d like more information on how to acquire wealth building assets using none of your money, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. Other articles at www.moneytipsdaily.com 5 Traits of the Rich Vs Poor 5 Traits of the Rich Vs Poor   By Charles Kelly, Property Problem Solver, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast   I spent years researching my book, Yes, Money Can Buy You Happiness, because I wanted to find out why some... Drowning in a Sea of Debt Drowning in Sea of Debt By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Millions in debt. Debt charity deals with 9500 earning £40,000 If you’d like more information on how to acquire wealth building... Brexit Property Effect – Invest or Wait? Brexit Property Effect – Invest or Wait? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Brexit Effect Wait or Invest Is this a flip market? Are we due for a correction? Long term... UK Property – £60,000 for a house in Wales or £6 million for a room in Mayfair UK Property - £60,000 for a house in Wales or £6 million for a room in Mayfair By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. If you’d like more information on how to acquire wealth... When is a ‘Freehold’ not worth the paper it’s written on When is a ‘Freehold’ effectively not worth the paper it’s written on and is more like a leasehold? By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Buyers of new build houses may be shocked to... There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
16:10
October 16, 2019
Millions Drowning in a Sea of Debt
Drowning in Sea of Debt By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this episode: Millions in debt Debt charity deals with 9500 earning £40,000 If you’d like more information on how to acquire wealth building 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? Brexit Property Effect – Invest or Wait? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Brexit Effect Wait or Invest Is this a flip market? Are we due for a correction? Long term... UK Property – £60,000 for a house in Wales or £6 million for a room in Mayfair UK Property - £60,000 for a house in Wales or £6 million for a room in Mayfair By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. If you’d like more information on how to acquire wealth... More money looking for places to invest that there are good places to invest More money looking for places to invest that there are good places to invest By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Word of the Day: Securitisation. Securitisation is the financial practice of pooling various types of contractual... When is a ‘Freehold’ not worth the paper it’s written on When is a ‘Freehold’ effectively not worth the paper it’s written on and is more like a leasehold? By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Buyers of new build houses may be shocked to... There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
21:21
October 15, 2019
Brexit Property Effect – Invest or Wait?
Brexit Property Effect – Invest or Wait? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this episode: · Brexit Effect · Wait or Invest · Is this a flip market? · Are we due for a correction? · Long term investment – get rich long, not get rich quick. · Education is the key. If you’d like more information on how to acquire wealth building assets using none of your money, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. Other articles at www.moneytipsdaily.com UK Property – £60,000 for a house in Wales or £6 million for a room in Mayfair UK Property - £60,000 for a house in Wales or £6 million for a room in Mayfair By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. If you’d like more information on how to acquire wealth... More money looking for places to invest that there are good places to invest More money looking for places to invest that there are good places to invest By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Word of the Day: Securitisation. Securitisation is the financial practice of pooling various types of contractual... When is a ‘Freehold’ not worth the paper it’s written on When is a ‘Freehold’ effectively not worth the paper it’s written on and is more like a leasehold? By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Buyers of new build houses may be shocked to... There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
12:10
October 14, 2019
Weekly Money News Roundup
Weekly Money News Roundup 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. By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. Other articles at www.moneytipsdaily.com UK Property – £60,000 for a house in Wales or £6 million for a room in Mayfair UK Property - £60,000 for a house in Wales or £6 million for a room in Mayfair By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. If you’d like more information on how to acquire wealth... Why Pizza Express and Thomas Cook went bust – A tale of two fallen high street outlets Why Pizza Express and Thomas Cook went bust – A tale of two fallen high street outlets By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Word of the Day Leveraged Buyout A leveraged buyout (LBO) is the... More money looking for places to invest that there are good places to invest More money looking for places to invest that there are good places to invest By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Word of the Day: Securitisation. Securitisation is the financial practice of pooling various types of contractual... When is a ‘Freehold’ not worth the paper it’s written on When is a ‘Freehold’ effectively not worth the paper it’s written on and is more like a leasehold? By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Buyers of new build houses may be shocked to... There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. Would you like an opportunity to attend a free No Money Down Property Discovery Day? Email me at Charles@CharlesKelly.netor send me a message through Facebook or my Money Tips Daily community.
07:57
October 11, 2019
UK Property - £60,000 for a house in Wales or £6 million for a room in Mayfair
UK Property - £60,000 for a house in Wales or £6 million for a room in Mayfair By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. If you’d like more information on how to acquire wealth 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. Word of the Day Capital Gain A capital gain is the difference between what you pay for an asset, such as a property or share, and what you sell it for. Other articles at www.moneytipsdaily.com 3 Myths of Property Investment Creative Finance Tools for Owning or Controlling Property Using NONE of Your Own Money 5 Traits of the Rich Vs Poor House Price Growth Slowest Since 2012, Say ONS UK economy is slowing down and could go into recession says new report Should you be buying Gold? When is a ‘Freehold’ not worth the paper it’s written on 10 tips to survive and thrive in the recession - https://podcasts.apple.com/gb/podcast/money-tips-daily-by-charles-kelly-former-ifa-and-author-of/id1347175960?i=1000444007011 There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. Would you like an opportunity to attend a free No Money Down Property Discovery Day?
12:56
October 10, 2019
Why Pizza Express and Thomas Cook went bust – A tale of two fallen high street outlets
Why Pizza Express and Thomas Cook went bust – A tale of two fallen high street outlets By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Word of the Day Leveraged Buyout A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. Other articles at www.moneytipsdaily.com 3 Myths of Property Investment Creative Finance Tools for Owning or Controlling Property Using NONE of Your Own Money 5 Traits of the Rich Vs Poor House Price Growth Slowest Since 2012, Say ONS UK economy is slowing down and could go into recession says new report Should you be buying Gold? When is a ‘Freehold’ not worth the paper it’s written on 10 tips to survive and thrive in the recession - https://podcasts.apple.com/gb/podcast/money-tips-daily-by-charles-kelly-former-ifa-and-author-of/id1347175960?i=1000444007011 There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
12:16
October 9, 2019
More money looking for places to invest that there are good places to invest
More money looking for places to invest that there are good places to invest By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Word of the Day Securitisation Securitisation is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs). Investors are repaid from the principal and interest cash flows collected from the underlying debt and redistributed through the capital structure of the new financing. Securities backed by mortgage receivables are called mortgage-backed securities (MBS), while those backed by other types of receivables are asset-backed securities (ABS). Other articles at www.moneytipsdaily.com 3 Myths of Property Investment Creative Finance Tools for Owning or Controlling Property Using NONE of Your Own Money 5 Traits of the Rich Vs Poor House Price Growth Slowest Since 2012, Say ONS UK economy is slowing down and could go into recession says new report Should you be buying Gold? When is a ‘Freehold’ not worth the paper it’s written on 10 tips to survive and thrive in the recession - https://podcasts.apple.com/gb/podcast/money-tips-daily-by-charles-kelly-former-ifa-and-author-of/id1347175960?i=1000444007011 There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
06:59
October 8, 2019
When a ‘Freehold’ isn’t worth the paper it’s written on
When is a ‘Freehold’ property effectively worth the paper it’s written on and is more like a leasehold? By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Other articles at www.moneytipsdaily.com UK economy is slowing down and could go into recession says new report 5 Traits of the Rich Vs Poor House Price Growth Slowest Since 2012, Say ONS Should you be buying Gold? 3 Myths of Property Investment Creative Finance Tools for Owning or Controlling Property 10 tips to survive and thrive in the recession - https://podcasts.apple.com/gb/podcast/money-tips-daily-by-charles-kelly-former-ifa-and-author-of/id1347175960?i=1000444007011 There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
14:02
October 7, 2019
Weekly Money News Roundup 041019
Weekly Money News Roundup 041019 By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast UK economy is slowing down and could go into recession says new report 5 Traits of the Rich Vs Poor House Price Growth Slowest Since 2012, Say ONS Should you be buying Gold? 3 Myths of Property Investment Creative Finance Tools for Owning or Controlling Property 10 tips to survive and thrive in the recession - https://podcasts.apple.com/gb/podcast/money-tips-daily-by-charles-kelly-former-ifa-and-author-of/id1347175960?i=1000444007011 There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
15:05
October 4, 2019
UK economy is slowing down and could go into recession says new report
UK economy is slowing down and could go into recession 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
06:32
October 3, 2019
Property prices slow to 0.2% in September
Money news and Property prices slow to 0.2% in September UK house price growth "almost ground to a halt" year to year in September, with property prices 0.2% higher, the Nationwide has said. The country’s biggest building society also said that prices fell by 0.2% compared with August, according to figures based on its own mortgage data as a major lender. The average home was now valued at £215,352, it said. The Chancellor, Sajid Javid announced that the National Living Wage will rise to £10.50 within the next five years. He will also lower the age threshold for those who qualify from 25 to 21. Speaking at the Tory Party Conference, Mr Javid said the policy would "help the next generation of go-getters to get ahead".
08:18
October 2, 2019
Bank Scammers Stealing £1 million a Day in UK
Bank Scammers Stealing £1 million a Day in UK By Charles Kelly, Property Problem Solver, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Scammers stole over £200 million from UK bank customers in the first half of 2019, over £1 million a day, and the banks only refunded £39 million because they say the victims are to blame. Learn ‘no money down’ property strategies for free! 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? Word of the Day Phishing – Not Fishing! Phishing is the fraudulent attempt to obtain sensitive information such as usernames, passwords and credit card details by disguising oneself as a trustworthy entity in an electronic communication. 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
06:38
October 1, 2019
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. In this episode you'll discover the 5 traits, such as how the rich make their money work hard for them instead of just working hard for money, how they acquire assets using other people's money and more. See full article at www.moneytipsdaily.com 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 yourbusiness 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.
09:22
September 30, 2019
Weekly News Roundup as Pound Slides on Brexit Fears
Earlier this week: Creative Finance Tools for Owning or Controlling Property Creative Finance Tools By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Learn more about own and controlling property using little known creative no money down strategies used by professionals to create unlimited wealth and get out... More Recession Warning Signs More worrying stories have been flagged in recent news stories prompting fears of a looming recession. Earlier today, the FT reported, that the Federal Reserve Bank of New York injected $66bn into short-term lending markets on Monday, building on a series of operations from last week... Thomas Cook goes bust leaving thousands stranded Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast People booking package holidays, as opposed to flight only deals, are covered by the ATOL protection scheme. About ATOL The law says your holiday must be protected if it is a... 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 full articles and much more at www.moneytipsdaily.com: More Recession Warning Signs Should you be buying Gold? 3 Myths of Property Investment Creative Finance Tools for Owning or Controlling Property
06:59
September 27, 2019
Are Index Funds Safe From A Stock Market Crash?
Are Index Tracking Funds a Safe Investment? Not according to Michael Burry, the legendary investor featured in the book and movie, The Big Short, who is predicting a 2008-style crash. American Michael J. Burry is a physician, investor, and hedge fund manager. He was the founder of the hedge fund Scion Capital, which he ran from 2000 until 2008, before closing the firm to focus on his own personal investments. Burry made a fortune betting against CDOs before the 2008 financial crisis and his estimate net worth is $250 million. He currently manages over $100 million in his own fund. In an interview with Bloomberg, Burry said index fund inflows (investment money) are distorting prices for stocks and bonds in much the same way that CDO purchases did for subprime mortgages over a decade ago. The flows will reverse at some point, he said, and “it will be ugly” when they do. “Like most bubbles, the longer it goes on, the worse the crash will be,” said Burry, who oversees about $340 million at Scion Asset Management in Cupertino, California. One reason he likes small-cap value stocks: they tend to be under-represented in passive funds. Here’s what else Burry had to say about indexing, liquidity, Japan and more. Comments have been lightly edited and condensed...See full article at www.moneytipsdaily.com Word of the Day Index and Tracker Funds An index or tracker fund is an index fund that tracks a broad market index or a segment thereof. Tracker funds are also known as index funds. These funds seek to replicate the holdings and performance of a designated index. Tracker funds are designed to offer investors exposure to an entire index at a low cost. Source: Investopedia. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See more at www.moneytipsdaily.com: More Recession Warning Signs Should you be buying Gold? 3 Myths of Property Investment Creative Finance Tools for Owning or Controlling Property
14:38
September 26, 2019
Creative Finance Tools for Owning or Controlling Property
By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Learn more about own and controlling property using little known creative no money down strategies used by professionals to create unlimited wealth. If you would like more information about no money down tools, email charles@charleskelly.net Word of the Day Options Holding an 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
09:45
September 25, 2019
More Recession Warning Signs
More worrying stories have been flagged in recent news stories prompting fears of a looming recession. Earlier today, the FT reported, that the Federal Reserve Bank of New York injected $66bn into short-term lending markets on Monday, building on a series of operations from last week to support the market after a severe bout of turmoil. The cost of overnight cash borrowing in exchange for US Treasuries — known as a repurchase agreement, or repo — soared early last week, pushing the main interest rate targeted by the Federal Reserve out of its target range. That prompted the New York Fed to intervene in the market for the first time in a decade on Tuesday. It subsequently continued daily $75bn cash injections throughout last week. Source: FT.Com Then we had a report in The Times of “central bank warnings” after the Bank for International Settlements warned of the “troubling” rise of negative-yielding bonds to more than $17 trillion. This afternoon, the Evening Standard Business News reported that bank share prices have tumbled following JP Morgan’s “gloomy prediction”. I have previously written about the inverted yield curve, which has always preceded a recession. Property prices are slowing, despite low interest rates and a shortage of housing in the UK, and smart money is moving into safe havens, such as goldand silver. Almost 3000 shops closed in the first half of 2019 and large companies, like Thomas Cook, are going bust putting thousands out of work on a regular basis. I don’t want to be a doom monger, but I think we are due for a recession. Word of the Day Recession In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending. Officially, a country is in recession after a period of general economic decline, defined usually as a contraction in the GDP for six months (two consecutive quarters) or longer. Marked by high unemployment, stagnant wages, and fall in retail sales, a recession generally does not last longer than one year and is much milder than a depression. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See more at www.moneytipsdaily.com Should you be buying Gold? Thomas Cook goes bust leaving thousands stranded How to earn up to 500% higher yields on your investments without high risks 3 Myths of Property Investment
08:55
September 24, 2019
Thomas Cook goes into liquidation leaving thousands stranded
By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast People booking package holidays, as opposed to flight only deals, are covered by the ATOLprotection scheme. About ATOL The law says your holiday must be protected if it is a package holiday. ATOL (which stands for Air Travel Organiser’s Licence) is a UK financial protection scheme and it protects most air package holidays sold by travel businesses that are based in the UK.   The scheme also applies to some flight bookings, usually those where you book flights (including UK domestic flights) but do not receive your tickets immediately. Statement by the CAA (Civil Aviation Authority): Thomas Cook has confirmed that all the UK companies in its group have ceased trading, including Thomas Cook Airlines. As a result, we are sorry to inform you that all holidays and flights provided by these companies have been cancelled and are no longer operating. All Thomas Cook's retail shops have also closed. The Government and the Civil Aviation Authority are now working together to do everything we can to support passengers due to fly back to the UK with Thomas Cook between 23 September 2019 and 6 October 2019. Depending on your location, this will be either on CAA-operated flights or by using existing flights with other airlines. See more at www.moneytipsdaily.com For more information, visit: https://thomascook.caa.co.uk/ ATOL - https://www.caa.co.uk/atol-protection/ You can also claim back money which you paid using your credit card under and even your debit card under the banking ‘charge back’ scheme. Contact your credit card provider or bank. Thomas Cook is probably the oldest travel agency in the world with roots going back to 1841 when the original Thomas Cook arranged a rail excursion from Leicester to Loughborough. Recently, it has become burdened with debt and has run out of cash and support from its bankers, leaving the directors no other choice but to put the company into liquidation. What is the underlying problem?...listen to the full podcast for more thoughts and insights into the demise of the once dominant travel agent. Word of the Day Liquidation Liquidation is the legal ending of a limited company, stopping the company from doing business, or employing staff. 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 would like more information about the Cyprus ‘Golden Visa’ investment programme, email charles@charleskelly.net See more at www.moneytipsdaily.com: How to earn up to 500% higher yields on your investments without high risks 3 Myths of Property Investment
13:57
September 23, 2019
Money Tips Weekly News Roundup 23 September 2019
By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast This week’s news has been dominated by politics and Brexit, with markets settling as a last-minute deal looking increasingly likely. The Fed followed the ECB by cutting rates, whilst the Bank of England held the base rate at .75%. The Brothers Stripe, Richest Self-Made Irish Billionaires By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast  Airbnb rise from zero to $31 billion. Today I want to talk about a similar sized company in terms of valuation which could be floated on... See more at www.moneytipsdaily.com Airbnb plan $31 billion IPO Airbnb to IPO in 2020 By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast The accommodation platform Airbnb says it plans to go public next year.... See more at www.moneytipsdaily.com House Price Growth Slowest Since 2012, Say ONS House Price Growth Slowest Since 2012 By Charles Kelly UK house prices rose at the slowest rate to July than at any time since September 2012, up by 0.7%, official figures reveal. According... See more at www.moneytipsdaily.com Can you really buy property with one click? Can you really buy a property with just one click? By Charles Kelly Author and creator of Money Tips Podcast   Joseph Kennedy, the father of John F Kennedy, once said that when shoeshine boys were telling him to get into the stock market, he knew it was time... See more at www.moneytipsdaily.com Should you be buying Gold? Should you be buying Gold? By Charles Kelly Author and creator of Money Tips Podcast Money Tips looks at whether you should be holding precious metals like Gold and Silver as part of your portfolio. Word of the Day Indicators An economic indicator is a statistic about an economic activity, which offers an analysis of economic... See more 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. If you would like more information about the Cyprus ‘Golden Visa’ investment programme, email charles@charleskelly.net
07:54
September 22, 2019
The Brothers Stripe, Ireland's Richest Self-Made Billionaires
By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Yesterday we talked about Airbnb rise from zero to $31 billion. Today I want to talk about a similar sized company in terms of valuation which could be floated on the stock market. If you’ve ever sold goods or services online, you may have come across a payment system called Stripe. I had never heard it of it until I started using click funnels but it seems to work very well. The people behind Stripe are John and Patrick Collison who sold their first company for $5 million when they were still teenagers. Now, a little more than a decade later, their second start-up is valued at $35 billion, making them Ireland’s richest entrepreneurs, Bloomberg reports. The latest valuation for their online payment processor, Stripe Inc., gives John, 29, and Patrick, 31, an estimated net worth of $4.2 billion each, according to calculations by the Bloomberg Billionaires Index, enough for inclusion in the 500-member ranking. Stripe declined to comment. Did they build this company up organically using their own money or remortgaging their houses? No, they used other people’s money, such as investors and capitalists. This week, Stripe announced that it had raised $250 million in its latest funding round, giving the San Francisco-based company a valuation of $35 billion. The only U.S. start-ups that had higher valuations this year are vaping giant Juul Labs Inc. and We Co., the parent of office-sharing real estate firm WeWork. However, the valuations for both of those companies are now in doubt. A growing number of vaping illnesses and deaths has prompted some governments to ban Juul’s products, and Wall Street estimates for We’s valuation have tumbled following scrutiny of co-founder Adam Neumann’s unorthodox financial dealings with the firm. The Irish brothers’ fortunes exceed those of fellow countrymen...full article visit http://www.moneytipsdaily.com/the-brothers-stripe-richest-self-made-irish-billionaires/ Word of the Day Floatation Flotation is the process of converting a private company into a public company by issuing shares available for the public. It allows companies to obtain financing externally instead of using retained earnings to fund new projects or expansion. Source: Investopedia There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you would like more information about the Cyprus ‘Golden Visa’ investment programme, email charles@charleskelly.net See more at www.moneytipsdaily.com: Airbnb plan $31 billion IPO House Price Growth Slowest Since 2012, Say ONS
16:40
September 21, 2019
Airbnb plan $31 billion float
Airbnb plan $31 billion IPO in 2020 By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast The accommodation platform Airbnb says it plans to go public next year. It was valued at $31bn in its most recent funding round and made more than $1bn in revenues in the second quarter. Airbnb hosts, of which I was once one, have made more than $80bn from renting their properties as of this month, according to the company. Airbnb, like Uber, Amazon and Apple, have disrupted industries and brought down prices for consumers. But they have also done something else which they have in common - they have all helped small entrepreneurs make money and compete with larger businesses as well. Airbnb has made $80 billion for landlords, like myself, Uber indirectly employees millions of drivers and Amazon has enabled small businesses to open up online stores and reach millions of people at a fraction of the cost it would’ve been a few years ago. I started with Airbnb around five years ago when it was quite new in the UK, after hearing about it from my Son. From the start, it really was an amazing system. I made money from day one and rarely had an empty room. I only gave it up because it was becoming too much work and I couldn’t find anybody reliable to manage it for me. Now there are companies which manage thousands of properties on behalf of landlords which are rented out through www.Airbnb.com and other platforms like booking.com. I went to their convention when it was held in Paris. The guys who started the company are still young. They have built a worldwide property business without owning the properties, which is a lesson for all of you to think that you can’t get into property unless you have lots of money. They do of course own their own properties and they used to let rooms out to Airbnb guests just to keep their hand in and set an example. See more at www.moneytipsdaily.com: If you would like to know how to get into property drop me a line n Facebook or email Charles@charleskelly.net Word of the Day Limited Company or Corporation A limited company is an organisation and legal entity that you use to set up to run your business. This means that each shareholder's responsibility for financial liability is limited by the value of the shares that they own but have not paid for. Company directors of such companies are not responsible for business debts. In other words, if you are the sole shareholder and director of a limited company and the company goes bust owing £10 million or is sued for £10 million, you will not be liable for the debt, unless you have signed a personal guarantee or have acted fraudulently.  However, if you are trading as a sole trader, or a partnership, you would be liable for the debts and the creditors could go after you and sees your personal assets such as your house. Limited companies can also use the letters LTD after their name and the UK is one of the easiest countries in the world in which to set up a company, which can be done within hours online at Companies House, and run a business. The tax treatment in the UK is favourable to business and we have good governance and rule of law. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See more at www.moneytipsdaily.com:
18:07
September 20, 2019
House Price Growth Slowest Since 2012, say ONS
House Price Growth Slowest Since 2012, Say ONS By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast UK house prices rose at the slowest rate to July than at any time since September 2012, up by 0.7%, official figures reveal. According to the Office for National Statistics (ONS) there has been a general slowdown in UK property price growth in the last three years. The overall growth rate has been dragged down by a declining market in London and south-eastern England. However, the latest figures show the biggest drop in prices in the last year was in the North East of England. Property values in the North East region dropped by 2.9% in the year to July and were down by 2.1% in July compared with June, data from the ONS and Land Registry shows. There were also annual falls in house prices in the South East of England (down 2%), London (down 1.4%), and the East of England (down 0.5%). Overall in the UK, the annual rise of 0.7% was the slowest since the 0.4% rise of September 2012. The biggest rise was in Wales, up 4.2%. The typical property in the UK is now valued at £233,000. The ONS/Land Registry data is generally considered to be the most accurate house price estimate, although it covers a period which is slightly earlier than other surveys. The news comes on the back of government measures to penalise buy-to-let investors and anybody buying a property over £1 million, which could be a London flat or small detached in the South East of England. If you would like to get into property but not sure how, my friends at Progressive are running several events to give you the opportunity to look at a number of strategies so you can decide which is best for you. Here are some upcoming dates, but don’t worry if you can’t make or have missed them as there will be more courses laid on in the new year. Multiple Streams of Property Income Event 20-22nd September – Peterborough 11-13th October – Peterborough 25-27th October – Peterborough An excellent 3 day event covering multiple streams of income and strategies. For more dates and courses, see http://www.moneytipsdaily.com/house-price-growth-slowest-since-2012-say-ons/  I have a limited number of complimentary tickets for these events. If you are interested, message me on Facebook or email me at charles@charleskelly.net The Bank of England kept base rates at .75% today, as the US Federal Reserve and ECB cut rates this week. Word of the Day ONS ONS is the Office for National Statistics, the official body with responsibilities are collecting, analysing and disseminating statistics about the UK's economy, society and population. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See also: How to earn up to 500% higher yields on your investments without high risks 3 Myths of Property Investment
19:11
September 19, 2019
New App launched that cancels subscriptions after free trial
New App launched that cancels subscriptions after free trial By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Have you ever signed up for a free trial online and then forgotten all about it? A year later you realise that you’ve been paying for a service you didn’t really want. Sometimes, it only comes to light when your credit card expires! Good news. A young British entrepreneur has launched service which automatically cancels subscriptions at the end of the free trial period, the BBC reports. The ingenious App was developed by Josh Browder, who in his teenage years invented an algorithm called ‘Do Not Pay’, which continues to successfully fight parking fines. His latest App, Free Trial Surfing, is not directly linked to a customer's bank account or credit card, but Mr Browder says it is in partnership with a major bank. He declined to say which bank was supporting the venture. "The idea for this product came when I realised I was being charged for a $21.99 (£18) gym membership from over a year ago that I was never using," he told the BBC. "In fact, I had completely forgotten that I had signed up for a free trial in the first place. Constantly trying to keep track of when a 'free trial' period ends is annoying and time-consuming." Ironically, he said 10,000 people had signed up to for a “free trial” to try Free Trial Surfing since its launch six weeks ago in the US, where Mr Browder, who is from the UK, now lives. The two most common subscriptions the service has been used for are porn platforms followed by Netflix, he added. Full article see: http://www.moneytipsdaily.com/new-app-launched-that-cancels-subscriptions-after-free-trial/ Other business news UK house prices rose at a slower rate in the year to July than at any time since September 2012, up by 0.7%, official figures show. More on this in tomorrow’s episode. Inflation growth slowed sharply in August to 1.7% after computer game prices dropped and clothing prices were slow to recover from the summer sales. The Consumer Prices Index measure of inflation fell below 2.1% in July, according to the Office for National Statistics. Word of the Day CPI - Consumer Prices Index Consumer Price Indices are important indicators of how the UK economy is performing. The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them. The indices are used in many ways by the government, businesses, and society in general. They can affect interest rates, tax allowances, wages, state benefits, pensions, maintenance, contracts and many other payments. They also show the impact of inflation on family budgets. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
09:46
September 18, 2019
Can you really buy a property with just one click?
Can you really buy a property with just one click? By Charles Kelly Author and creator of Money Tips Podcast Joseph Kennedy, the father of John F Kennedy, once said that when shoeshine boys were telling him to get into the stock market, he knew it was time to get out. That’s exactly what he did just before the 1929 stock market crash, which was followed by a bear market which lasted for decades. Sometimes I feel the same about property when everyone seems to be jumping on the bandwagon. Now, there is even a company offering investors a way to buy a buy-to-let property with the click of a mouse. Can you really buy a property online just like ordering something on Amazon? Well, not quite. Dot, a Californian company with offices in Manchester, effectively gives you the facility to reserve a property online, leaving completion and the legal work to be done later on. Investors are told that they can buy one and two bedroomed properties costing up to £200,000 in a “few pain-free minutes”, with just a few clicks, and enjoy a yield of up to 6% pa. Once you have selected a property, the company sends out a computer generated image of what the property would look like when refurbished, without investors needing to visit the site themselves. I guess this would be of more benefit in America where a site visit could involve thousands of miles of travel and even a flight.  The company is currently packaging up to 40 flats in Manchester, Birmingham and Leeds, Cities which it has identified as rental growth areas. They told the Sunday Times that they expect it “will be completely normal for an investor to acquire, renovate and hold properties without ever visiting them in person”. After the property has been reserved and Dot has carried out a credit check and verified that the investor is earning at least £30,000 per annum, the company lends investor the money to purchase the property and pay all of the stamp duty and legal costs, plus Dot’s 3% fee – which is £6000 based on a typical £200,000. The loan, effectively a bridging loan, is offered at 0.6% per month or 7% per annum for 12 months. Investors are required to contribute a minimum 25% deposit.For full article, see http://www.moneytipsdaily.com/can-you-really-by-property-with-one-click/ Word of the Day Land Registry Official government body that registers most property titles in England and Wales. Your solicitor will normally do a search to check ownership as well as registering your interest in the property once you have completed your purchase. The best way to get into property is to do your homework and learn from experts. If you would like further details on how to learn about property and become a professional property investor, email charles@charleskelly.net There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See also: How to earn up to 500% higher yields on your investments without high risks 3 Myths of Property Investment Should you be buying Gold?
19:39
September 17, 2019
Should you be buying Gold?
Money Tips looks at whether you should be holding precious metals like Gold and Silver as part of your portfolio. Word of the Day Indicators An economic indicator is a statistic about an economic activity, which offers an analysis of economic performance and predictions of future performance. Top 5 Economic Indicators for Global Investors 1. Gross Domestic Product. GDP represents the market value of all final goods and services produced within a country over a period. 2. Employment Indicators 3. Consumer Price Index. CPI is an indicator of inflation. 4. Central Bank Minutes 5. PMI Manufacturing & Services Company indicators Sometimes called Key Performance Indicator, KPI’s gives a snapshot of key measures, such as sales, capital reserves or accounts payable turnover, which tell investors and managers at a glace where the business is heading. You could also run a KPI for your health. For instance, how many hours exercise did you do last week? How much alcohol or sugary foods did you consume? Do you smoke, and so on. Based on these KPI’s, you don’t need to be a doctor to know where your health is heading. 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: ECB Cut Rates To Stimulate Economy How to earn up to 500% higher yields on your investments without high risks 3 Myths of Property Investment
11:47
September 16, 2019
Weekly Money Tips Roundup 15 September 2019
By Charles Kelly Author and Creator of Money Tips How to get bursaries and assisted places for top private schools The gift of education is one of the most valuable things you can give to your children. However, the cost of sending a child or grandchild to an independent or private (strangely, also known as a “public school”) school has soared... ECB Cut Rates To Stimulate Economy Interest rates look set to stay low. This week, the ECB announced that it is reducing interest rates. Trump is demanding that the US federal reserve follow. UK base rates stand at.... 3 Myths of Property Investment The 3 Myths of Property Investment   Many people tell me that they want to get into property, but don’t know where to start or which strategy to choose.   “Should I try residential or commercial”, they ask me, “single let buy-to-let or HMO’s?”.   How will I find the money... Markets Settle On Trump-China Trade War Talks – Money Tips News Markets Settle on China-US Trade talks. Don’t ignore parking tickets and bills – more bailiffs being used by local authorities to collect unpaid fines. 2870 retail outlets closed down in first six months of 2019. LSE £32 billion HK bid. BA pilot strikes... Angel Investor Funding – London Has an Abundance of Money for Scalable New Businesses There is an abundance of money available for business start-ups and ventures in London. Word of the Day Scalable Businesses which are scalable are businesses which can be scaled up or grown to a large concern where investors can expect to make a return on their investment, as... How to earn up to 500% higher yields on your investments without high risks Low interest rates look set to continue for the foreseeable future. Whilst this is great for borrowers, it is disastrous for investors and people retiring on annuities.   Earning just over 1% on an ISA account It’s keeping up with inflation... 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. Earn 25% Tax Free Bonus with Government Help to Buy ISA but only if you start before 30 Nov 10 TIPS TO GET OUT OF CONSUMER DEBT USING THE M.A.N.A.G.E. D.E.B.T. SYSTEM
08:53
September 15, 2019
£1 billion private school bursaries available to help less well-off parents
The gift of education is one of the most valuable things you can give to your children. However, the cost of sending a child or grandchild to an independent or private (strangely, also known as a “public school”) school has soared well above the rate of inflation, yet the number of UK pupils in private education has never been higher. Why is this? Part of the answer is that more than £1bn a year of financial assistance is available to parents, enabling one in three students to have their school fees reduced or even waived, according to the FT. School fees have become a major problem for the middle classes in recent years. The cost of a private education is nearly 50% higher than a decade ago, according to data from the Independent Schools Council (ISC). Average fees for day pupils are now nearly £4,800 per term, or just over £14,000 a year. Fees are higher in the Southeast and London, where boarding school fees now average more than £13,000 a term — close to £40,000 per year, according to the ISC. Scholarships and bursaries have become a key factor in affordability, but many parents may not be aware of the level of help available. For instance, at some schools, parents who apply for means-tested support could qualify even if they have a household income of £90,000. Competition for the brightest children means that an increasing amount of assistance is being provided on a “needs blind” basis to pupils with a flair for particular subjects, such as music and sports. My Son won a music scholarship and bursary, which covered part of the fees, and a government assisted place scheme, which was later abolished by the Tony Blair government. Independent schools need to justify their charitable status, which has encouraged more generosity in the form of scholarships and means-tested bursaries. The ISC says that £800m of the £1bn provided in “fee assistance” last year came directly from the schools themselves. Over 175,000 ISC students currently enjoy some form of fee reduction, around half of these through means testing. The number of those receiving “free” fully paid places more than 6,000 pupils, an increase of 5 per cent year-on-year. Click here for full story. See more at www.moneytipsdaily.com  Word of the Day Hedge Fund A hedge fund is an official partnership of investors who pool money together to be guided by professional management firms, not unlike a mutual fund. A hedge fund manager raises money from outside investors and then invests it according to whatever strategy he or she has promised to use. There are hedge funds that specialise in "long-only" equities, meaning they only buy common stock and never sell short. There are hedge funds that engage in private equity, which is the buying of entire privately held businesses, often taking them over, improving operations, and later sponsoring an initial public offering. There are hedge funds that trade junk bonds. There are hedge funds that specialise in property and real estate. There are even hedge funds that put money to work in specialised asset classes such as patents and music rights. In other words, unlike a Mutual Fund or Unit Trust, hedge funds can invest in just about anything. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
20:33
September 14, 2019
ECB cuts interest rates
Earlier this week, I said that interest rates look set to stay low. This week, the ECB announced that it is reducing interest rates. Trump is demanding that the US federal reserve also cut interest rates and the UK base rates stand at just .75%. Other central banks are keeping rates low in order to stimulate the flagging economy. The ECB is also introducing other stimulus measures such as pumping money into the economy by buying €2.8 billion worth of bonds. As I said, this is good news for borrowers but not so good for savers. In the UK you can get mortgages at just over 1%, but in some countries you can get mortgage is it close to zero or even negative rate mortgages. It should be a good time to fix your mortgage rate as there is also a bit of a mortgage work going on with lenders falling over themselves to attract customers. The property market in the UK has been in the doldrums for the last few years, with some areas such as London fallen sharply. The average price rises in the rest of the country are barely moving. However, with the conclusion of Brexit finally in sight and ‘no deal’ looking like it is off the table, some agents are reporting an increase in buyer activity. With Sterling still down at just over £1.20 against the dollar, properties must look cheap for foreign buyers. The pound could also benefit from the Brexit bounce once we come out of the EU. The pound reaches the highest level since July If you are an overseas investor looking to get into the UK market I’m looking for a partner, let me know. My personal view is that we have not seen the end of market turbulence, so I’m holding back on investing in the stock market and will only consider below market value shares and property. Price of gold, silver and other precious metals has risen sharply in the past year, indicating that some investors are nervous and are looking for a safe haven. I recently reported that the Chinese businessman Jack Ma said that we should all be working 12 hours a day six days a week. In the UK, some believe that we should push towards a 35 or four day working week. This was introduced in France several years ago and has caused problems for business. There is an argument that working too many hours causes fatigue and problems, but any top-down legislation trying to force a shorter working week for businesses needs to be carefully considered. Businesses cannot afford to just pay people the same salary for five days while working only four, which would add an extra 20% to their bottom line. Other news The London stock exchange has rejected Hong Kong bid thank goodness. Word of the Day Quantitative Easing The short answer is Quantitative easing government central banks printing money. Putting more money back into the economy in order to stimulate economic activity. In practice, QE is a monetary policy whereby a central bank buys predetermined amounts of government bonds or other financial assets in order to inject liquidity directly into the economy. 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.
11:55
September 13, 2019
The 3 Common Myths of Property Investment
Many people tell me that they want to get into property, but don’t know where to start or which strategy to choose. “Should I try residential or commercial”, they ask me, “single let buy-to-let or HMO’s?”. How will I find the money for deposits, which area should I invest in, should I use a limited company? These are all questions I get asked by people wanting to become a professional property investor. Firstly, let’s get rid of a few myths that may be holding you back from taking the first step. Myth No.1 You need your own money to get into property. Not true. There are a number of strategies you can use to get into property investment with either no money or by using other people’s money. Myth No.2 It takes years of experience and special skills to become a professional property investor. Nonsense. I’ve seen people become investors within a few weeks of taking a course and go on to build a portfolio much larger than “experienced” investors. Myth No.3 You need special connections and have to be “in the know” to get all the best deals. Again, not so. Anybody can build their network and connections in property by learning and simply getting out there and meeting people. There are hundreds of networking events, courses and seminars running every month, all over the country. Not only can you build your connections at these events, but you can also expand your knowledge. So how can you get started right now? My friends at Progressive are running several events to give you the opportunity to look at a number of strategies so you can decide which is best for you. Multiple Streams of Property Income Event 20-22nd September – Peterborough 11-13th October – Peterborough 25-27th October – Peterborough An excellent 3 day event covering multiple streams of income and strategies. No money for deposits? Why not start by finding deals and packaging them up to sell on to others. Learn more at the deal packaging discovery day Deal Packaging Discovery Day 25th September 30th October A 1 day event giving you a strategy where you can make money from property without using any of your own money. We also have a 1 day beginners property secrets course, which can introduce you to property investing. Beginners Property Secrets Day 9th      September 17th September 24th September 3rd October 8th October Other events: No Money Down Discovery Day 23rd September 10th October Joint Venture Finance Day 5-6th      September 23-24th October Serviced Accommodation Discovery Day 13th September 26th September 31st October House of Multiple Occupancy  (HMO) Discovery Day 11th      September I have a limited number of complimentary tickets for these events. If you are interested, message me on Facebook or email me at charles@charleskelly.net
14:02
September 12, 2019
Money Tips News - Markets settle on China-US trade talks
Money Tips News Markets Settle on China-US Trade talks. Don’t ignore parking tickets and bills – more bailiffs being used by local authorities to collect unpaid fines. 2870 retail outlets closed down in first six months of 2019. LSE receives £32 billion HK bid. BA pilot strikes damaging the airline’s multi-billion pound brand. Word of the Day Revenues and profit. Revenue, or turnover, is the total amount of income generated by the sale of goods or services by a company or business. Profit, or the “bottom line”, is the amount of income that remains after accounting for all expenses, debts, additional income streams and operating costs. Turnover is vanity profit is sanity. See also: Angel Investor Funding – London Has an Abundance of Money for Scalable New Businesses How to Obtain Angel-Investor Funding- With Joseph Zipfel, C.I.O. of Start-up Funding Club https://podcasts.apple.com/gb/podcast/how-to-obtain-angel-investor-funding-joseph-zipfel/id1442532994?i=1000444991715 Earn 25% Tax Free Bonus with Government Help to Buy ISA but only if you start before 30 Nov 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.
09:51
September 11, 2019
There is an abundance of money available for business start-ups and ventures in London
There is an abundance of money available for business start-ups and ventures in London. Word of the Day Scalable Businesses which are scalable are businesses which can be scaled up or grown to a large concern where investors can expect to make a return on their investment, as opposed to a one-man-band or lifestyle business. See also: How to Obtain Angel-Investor Funding- With Joseph Zipfel, C.I.O. of Start-up Funding Club https://podcasts.apple.com/gb/podcast/how-to-obtain-angel-investor-funding-joseph-zipfel/id1442532994?i=1000444991715 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.
16:10
September 10, 2019
Earn higher yields on your investments and increase returns by 500%
Low interest rates look set to continue for the foreseeable future. Whilst this is great for borrowers, but disastrous for investors and people retiring on annuities. Earning just over 1% on an ISA account is not even keeping up with inflation, let alone giving you a good investment return. Even gross yields on buy-to-let properties in major cities have fallen below 4% and in London or sometimes around 2%. That’s ‘gross’ yield by the way, before costs such as letting charges. What should you the investor do to improve the yield or income you receive on your money, particularly if you are relying on this to provide retirement income? You can shop around for the highest rate available on savings accounts, but this is not going to improve your overall return by that much. You could consider high yielding shares as an alternative to deposit-based investments. Yes, there is the risk that the value of your capital can go down as well as up, but many of these are blue-chip companies listed on the London Stock Exchange. Examples of these FTSE100 index listed companies include the insurer Aviva PLC, currently paying a dividend yield of 8%. Aviva has over 30 million customers, a market capitalisation of £14.2 billion and trades on a P/E ratio of 9.53. Aviva is listed as a “buy” by most brokers, but could also be affected by Brexit. Shares can be held within the tax-free wrapper of an ISA, which means that you would not pay tax on the income or growth. Mining company, Rio Tinto has a market cap of £70 billion and paying a dividend of 5.5%, trading on a P/E of 10.16. Rio dates back to 1873 and earnings have gone up by 32% each year for the past five years. Its share price is being threatened by unpredictable weather and a weakened outlook for minerals such as iron ore. House builders Redrow PLC and Persimmon PLC have both done well in the last few years with the push for more new homes and the government Help-to-Buy scheme for first time buyers. Redrow has a market capitalisation of just over £2 billion, trades on a P/E ratio of 6.46 and currently has a dividend yield of 5.26%. The company recently reported a jump in annual profits to £406 million for the year ended to 30th of June 2019, up 7% of the previous year, with annual revenue rising by 10% to £2 billion. Revenue was driven by a 13% increase in legal completions to 6443 homes. There was a 2% drop in the average selling price. Persimmon pays a dividend of 12% or a 1200% than most ISA accounts pay. The company has a market capitalisation of over £6 billion, and reported a profit of £1 billion on revenues of £3 billion, yet trades on a P/E ratio of just 6.75. Around 200,000 new homes have been built each year for the past few years in the UK. There is still demand for property for various reasons, but builders could be dependent on schemes like the government help to buy. The price of shares can go down as well as up and dividends and the value of your capital are not guaranteed. The companies are expected to grow over the longer term, which means you can enjoy dividends and capital growth on your investment. These are just a few examples of shares offering dividends (a share in the profits) of over 5% of the share price. Do your own research online. Google high yielding dividend shares, or look at finance sites.  See your financial advisor, but the best way to invest in shares is to learn more about it yourself. Word of the Day  P/E Ratio see: http://www.moneytipsdaily.com/how-to-earn-higher-yields-on-your-investments/
18:00
September 9, 2019
Money Tips Weekly News Round Up
Weekly News Round Up  The week has been dominated by the shenanigans going on in parliament, with Boris Johnson losing control of the agenda and opposition party remainers winning three crucial votes. Other news Markets and pound bounce back as a ‘no deal brexit’ looks less likely Germany going into Recession Earn 25% Tax Free Bonus with Government Help to Buy ISA but only if you start before 30 Nov Government Help to Save Scheme for low paid 96% undersubscribed 10 TIPS TO GET OUT OF CONSUMER DEBT USING THE M.A.N.A.G.E. D.E.B.T. SYSTEM Women Need to Invest More Money to Secure Future Prosperity Government Lose Key Brexit Vote – Johnson will table a motion for an October General Election as 21 MP’s Defy Whip Cyprus, the Easiest Route to EU Citizenship
10:22
September 8, 2019
Earn 25% Tax Free Bonus with Government Help to Buy ISA but only if You start before 30 November
A Help to Buy ISA is a government scheme helping you save for a mortgage deposit to buy your first home. You must be a first-time buyer to qualify and not own a property anywhere in the world. Savings are tax free just like with any ISA product, however, a Help to Buy ISA gives you the added bonus of getting government contributions. How does the Help to Buy ISA work? The government tops up your contributions by 25%, up to a maximum contribution limit of £12,000. In other words, for every £200 you save, the government will contribute £50. This means you can earn a maximum of £3,000 from the government. The minimum amount you need to save in order to qualify for a government bonus is £1,600 (which gives you a £400 bonus). You can start off your ISA with an initial deposit of up to £1,000 which also qualifies for the 25% boost from the government. Remember, Help to Buy ISAs are available to each first-time buyer, not each home. So, if you’re buying a property with your partner, you’ll be able to get up to £6,000 towards your deposit. Help to Buy ISAs are available until 30 November 2019. They won't be available to new savers after this date, but if you opened your Help to Buy ISA before then you can keep saving into your account. You must claim your bonus by 1 December 2030. Word of the Day Land Transaction Tax (LTT) LTT replaced Stamp Duty, which still applies in England, in Wales in 2018. If you’re buying a home in Wales costing more than £180,000, you’ll have to pay Land Transaction Tax (LTT) on your purchase. 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: Women Need to Invest More Money to Secure Future Prosperity Government Help to Save Scheme for low paid 96% undersubscribed 10 TIPS TO GET OUT OF CONSUMER DEBT USING THE M.A.N.A.G.E. D.E.B.T. SYSTEM
05:23
September 6, 2019
UK Government 'Help to Save' Scheme for low paid 96% undersubscribed
A few days ago, I talked about how women are saving a lower proportion of their income than men. Today I discover that savers are failing to take advantage of a new UK Government scheme, as figures reveal that more than 96% of those eligible are missing out on a 50% top-up bonus worth up to £1,200. The Help to Save account, launched last September, was designed to encourage people on low incomes to save for their future. However, statistics released by HM Revenue & Customs show that only 132,000 of the 3.5 million people eligible have opened an account. The scheme allows people on welfare benefits, such as working tax credit and universal credit (combined with certain level of household income) to save up to £50 a month, or £600 per annum, for four years, which will be topped up by the Government by 50p for every £1 saved. The Help to Save accounts can be held for four years, with a maximum of £2,400 saved with a further £1,200 paid in by the Government. Anna Bowes, of Savings Champion, the comparison site, told the Telegraph that whilst the Government should be encouraging people to save she was not surprised by the low take-up. “A lot of this group will not have any spare money to save so it’s not surprising that there’s not been a huge take-up,” she added. “For a lot of people on lower incomes, saving and investing aren't going to be very high on their list of priorities. That being said, it’s encouraging to see 132,000 people have been able to take advantage.” Ms Bowes questioned how well the scheme had been publicised, since most people have no idea it exists. But HMRC argue that account holders were already eligible for £14m in bonuses. Tax free bonus payments are allocated every two years. Claimants can only open one account. John Glen, the economic secretary to the Treasury, said: “Saving shouldn’t be seen as a luxury but as an essential part of planning for the future. “That’s why I launched the Help to Save scheme last year, and it’s been great to see so many people using it to put money aside for themselves and their loved ones.” Word of the Day Universal Credit is a state benefit which is replacing 6 other benefits with a single monthly payment if you're out of work or on a low income Universal Credit will replace the following benefits: · Child Tax Credit · Housing Benefit · Income Support · income-based Jobseeker’s Allowance (JSA) · income-related Employment and Support Allowance (ESA) · Working Tax Credit If you currently receive any of these benefits, you cannot claim Universal Credit at the same time. Universal Credit, being rolled out across the country, has been criticised by landlords with tenants on housing benefit for being slow to start. 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: Women Need to Invest More Money to Secure Future Prosperity Earn 25% Tax Free Bonus with Government Help to Buy ISA but only if you start before 30 Nov
08:29
September 6, 2019
10 TIPS TO GET OUT OF DEBT WITH THE M.A.N.A.G.E. D.E.B.T. SYSTEM
British and American household debt had reached record levels, despite high employment, low taxes and historically low interest rates. In the UK, the TUC has called for higher pay rises to solve the problem, but we know that is not always the answer. If you cannot manage small amounts of money, chances are you will not manage larger sums. Unless you change your habits, that par rise or bonus will be blown on more stuff or another holiday before you even receive it. I cover more on managing money in my book on money, but in the meantime, here is:  THE M.A.N.A.G.E. D.E.B.T. SYSTEM – 10 TIPS TO GET OUT OF CONSUMER DEBT FOR GOOD: M.A.N.A.G.E. D.E.B.T. MAKE A LIST AXE NON-ESSENTIAL OUTGOINGS NEVER PAY THE MINIMUM PAYMENT ON A CREDIT CARD APPLY FOR A BALANCE TRANSFER CARD GENERATE EXTRA CASH ENTITLEMENT TO BENEFITS OR WELFARE SUPPORT DON’T IGNORE BILLS OR DEMANDS ENTER INTO AN ARRANGEMENT BE PROACTIVE AND ASK FOR HELP TAKE YOURSELLF OFF CONSUMER DEBT FOR GOOD Bonus Tips 1. Never use expensive payday lenders, unless you have no other choice, and especially unauthorised doorstep lenders will charge you a small fortune interest. 2. Start building your credit rating by making repayments on time and clearing credit cards faster. The higher your credit rating, the more access you will have to cheaper finance and the less you will be dependent on expensive credit. Word of the Day IVA Individual Voluntary Arrangement In England and Wales, an individual voluntary arrangement (IVA) is a formal alternative for individuals wishing to avoid bankruptcy. The IVA was established by and is governed the Insolvency Act 1986 and constitutes a formal repayment proposal presented to a debtor's creditors via an insolvency practitioner. Usually (but not necessarily), the IVA comprises only the claims of unsecured creditors, leaving the rights of secured creditors largely unchanged. Insolvency practitioners charge initial and ongoing fees that are in addition to the debt. An IVA is a contractual arrangement with creditors and can be as flexible as an individual's own circumstances; they can therefore be based on capital, income, third party payments or a combination of these. In this process, a debtor who has enough money left over after priority creditors and essential expenses, may be able to arrange an individual voluntary arrangement. Based on taking independent advice, debtors with less serious problems may wish to consider a debt management plan. The procedure for businesses is the company voluntary arrangement. There is also Administration where the business is effectively run by an appointed administrator. In the US, companies can take advantage of Chapter 11 rules and many companies have come back from this, including some owned by Donald Trump There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See also: How to get bursaries and assisted places for top private schools
22:36
September 5, 2019
Women invest 40% less than men
The average British woman invest half the amount they spend on treats, such as clothes, beauty products, gym classes and eating out, says entrepreneur and former Apprentice contestant Jackie Fast. Writing for City Matters, Jackie said they spend £211 per month on day-today treats, but only £98 on saving and investing. Jackie did further research and found that women invest 40% less than men. Whilst there are reasons why woman cannot always invest as much as their male counterparts, such as career breaks and the gender pay gap, women need to up their game when it comes to money management. As a former financial advisor, I frequently saw women leave the all household finances, such as mortgages, pensions and savings, to their male partner or husband. This often led to disastrous consequences during times of divorce or widowhood. Women to take control of their own finances, separate from the family budget. Finance is still not widely taught in schools, so it does require some effort. See an independent financial advisor or better still learn more about finances through reading quality newspapers and books on money, seminars and courses, or by taking a financial advisor course, as advised in one of my earlier Money Tips podcasts. Word of the Day Derivatives A derivative is an arrangement or product, for instance, as a future, option, or warrant, where the value derives from the value of an underlying asset, such as a commodity, currency, or security. Due to major growth sector in financial markets the trade in so called derivatives has grown. In the financial markets, share prices, bond prices, currency rates, interest rates and dividends go up and down, creating risk. Derivative products are financial products which are used to control risk or paradoxically exploit risk. It is also called financial economics. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
12:36
September 4, 2019
Johnson's Government Loses Key Brexit Vote Tonight - An Early General Election on the Cards
Parliament Torn Apart by Brexit - Johnson will table a motion for an October General Election. The government lost a key vote tonight which could delay Brexit 31 October and will have consequences on the UK for years to come. A general election is on the cards as Boris Johnson warns MP’s that if the government loses the vote tomorrow on the Bill to delay Brexit and outlaw a ‘no deal’ exit of the European Union. Other news: · M&S to drop out of FTSE100 Index. · Restaurant Group shares drop as it announces closures. · Manufacturing output down. · Pound falls again. · Gold price rises on uncertainty – up 35% in last 12 months. Word of the Day Cash ISA In the UK, investors can invest in a cash ISA and pay no tax interest, which is taxed in non-ISA deposit accounts. The annual tax-free ISA allowance is £20,000, with ome accounts also allowing you to transfer in money invested in the previous tax year so you can maximise returns on all your tax-free savings. 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.
15:03
September 3, 2019
Pound falls again on General Election speculation
The pound has continued to fall on currency markets amid intensified political uncertainty over Brexit, the BBC reports today, although a couple of cents against the dollar is hardly a catastrophe. Rumours of a possible snap general election dragged sterling further down, as MPs pushed for a further three-month Brexit extension. Against the dollar, the British pound fell more than a cent to $1.2050, while against the euro, it fell below the €1.10 mark. Prime Minister Boris Johnson, who last week said he will suspend parliament, has repeatedly insisted that the UK is ready to leave the EU without a deal, despite his own MP’s threatening to revolt against the government. Over the weekend, government whips were summoned to the Prime Minister’s Chequers residence where they were given orders to warn Tory MPs that they face deselection at the next election (which could be in a matter of weeks) if they rebel against the party line. Brexit, currently scheduled to happen on 31 October, is causing uncertainty business and needs to be settled one way or the other. If he calls a general election this year, it will be the third one in four years and the fourth election if you include the 2016 EU referendum vote. Despite petitions and mass demonstrations against the suspension of parliament, Johnson’s rating actually increased, intensifying speculation that he may call for an early election to strengthen his wafer-thin DUP-backed majority and scupper opposition attempts to block brexit. Finally, the Sunday Mail reported yesterday that Labour’s Shadow Chancellor, John McDonald, plans to put the brakes firmly on the buy-to-let market and give private tenants the ‘right-buy-buy’ their rented property at a discount. Word of the Day Commodity Markets A commodity market trades in the primary economic sector in commodities, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Investors access about 50 major commodity markets worldwide with purely financial transactions increasingly outnumbering physical trades in which goods are delivered. Futures contracts are the oldest way of investing in commodities. Futures are secured by physical assets. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodity market for centuries for price risk management. 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.
11:20
September 2, 2019
Weekly News Round Up 010919
Weekly News Round Up 010919 In this episode: Is China orchestrating Hong Kong riots in order to justify an invasion? Is China’s economy built on a house of cards? Why the HK rich are looking at Golden Visas, such as Cyprus, to protect their money. Also: Markets settle after a turbulent week. Recession Coming World Markets Tumble? Trump’s China tariffs kick-in as trade war threatens world’s economies with recession. 6 Trump Tweets wipes $500 billion off shares in one day Why is 12-hour-day-work proponent Jack Ma retiring and stepping down as CEO of Alibaba? Brexit saga heats up as Boris Johnson prorogues parliament causing British Pound to tumble. Fire Movement’s extreme saving, promising early retirement and way out of the rat race. How to use Power of Compound Interest to build wealth. 35 Year Mortgages Help First Time Buyers Word of the Day Markets In financial terms, a “market” is a market in which people invest and trade in financial securities and derivatives. Examples of securities shares, stocks and bonds, and precious metals. The term "market" is also used for exchanges, organizations that facilitate the trade in financial securities, e.g., a stock exchange (e.g. London or Wall Street) or commodity exchange. Within the financial sector, the term "financial markets" is often used to refer just to the markets that are used to raise finance: for long term finance, the Capital markets; for short term finance, the Money markets. Another common use of the term is as a generic term for all the markets in the financial sector, as in the examples listed below. Capital markets which consist of: · Stock markets, enabling companies to raise finance through issues of shares or stock, and provide a secure trading platform to investors. · Bond markets, provide financing for governments and companies through bonds issues, and provide a secure trading platform to investors. Other markets: · Commodity markets. · Money markets. · Derivatives markets. · Futures markets. · Foreign exchange markets - FOREX. · Cryptocurrency market. · Spot market · Interbank lending 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.
15:00
September 1, 2019
F.I.R.E. Movement is Making Penny Pinching the New Cool
When I was growing up, my mother was stingy by necessity and bought the cheapest food and clothes she could find. I was embarrassed by this, as in those days it was not cool to be frugal. Fast forward to the present and it has become fashionable and even cool to be stingy, frugal and penny pinching. Shops like Primark, money saving comparison sites and online stores like Amazon have all boomed in the last few years. In my book, Yes, money can buy happiness, and my Money Tips podcasts, I obviously promote saving and investment and earning more than you spend. However, a movement in America called F.I.R.E. takes stinginess to a whole new level. The seeds of the FIRE movement can be traced back to the 1992 best-selling book Your Money or Your Life written by Vicki Robin and Joe Dominguez, and the 2010 book Early Retirement Extreme by Jacob Lund Fisker. Followers of the F.I.R.E. or “financial independence” and “retire early”, movement, originating in the US, practice extreme forms of money saving to achieve their goal of early retirement and financial independence. Devotees target savings of up to 70% of their annual income, which they invest for the long term. Their aim is to build a savings pot of 30 years’ worth of living expenses which they typically keep invested in low-cost tracker funds, withdrawing a maximum 4% every year in the hope they will never spend their capital. There are a number of obvious flaws in the F.I.R.E. plan....listen for more.... In reality, scrimping and saving alone will not make you rich, and will probably leave you feeling stressed and miserable. Think of yourself as a business, a money-making machine. Like any business, you need to generate income, capital and investment returns, as well as keeping an eye on the purse strings. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
21:32
August 31, 2019
End of a Turbulent Week for Markets
End of a Turbulent Week It’s Friday and it has been a tumultuous week. Shares recovered from last week’s fall on hopes that the Trump-China trade dispute will be settled soon. Economies of China and India are slowing and property sectors look to be over geared. Could this cause another banking crisis? Boris Johnson prorogued Parliament causing a storm of protests with people taking to the streets and court cases started to block him. Two surveys come out this week which show that consumer confidence and business confidence are both falling. Consumer spending and borrowing are also down. The nationwide building society reports that property is barely growing at the moment. Economic signs are not looking good so it’s not the time to be taken on a huge risky commitment went in the shop in the High Street. On the other hand, office property in the city has been snapped up despite the doom and gloom around Brexit. If markets fall and we going to recession it will be a buyers market for businesses, property and shares. Word of the day PE Ratio The price-earnings ratio, also known as P/E ratio, P/E, or PER, is the ratio of a company's share (stock) price to the company's earnings per share. The ratio is used for valuing companies and to find out whether they are overvalued or undervalued. For example, if share in xyz PLC is trading at £24 and the earnings per share for the last 12-month period is £3, then share xyz PLC has a P/E ratio of 24/3 or 8. In other words, the buyer of the share is investing £8 for every one pound of earnings. 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.
11:05
August 30, 2019
Alibaba's Jack Ma says 12-hour working day is a “blessing”
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.
14:06
August 29, 2019
British Pound Slides as Boris Johnson Announces Parliament Suspension
British Pound down to $1.22 and E1.10 Shares up and down Reminder about PPI deadline – 2 days to go! Hong Kong crisis – Golden Visas What is a Golden Visa? In simple terms, it is a visa in return for money or investment into the host country. Applicants can secure permanent residency in Europe or Cyprus, a member of the European Union, through investment in real estate. The programme is one of the fastest and simplest investor visa programmes in Europe. It requires investment of just €300,000 into property to gain the Cyprus residency permit. The residency visa is granted within two monthsand covers the whole family. It includes parents of both the main applicant and spouse plus dependent children up to the age of 25. It is valid for life and can be passed down to dependents and spouse. The permanent residency programme offers ease of travel throughout the European Union and requires just one visit to Cyprus by all family members once every two years. The investment may be made by a company for which the main applicant and spouse are beneficial owners. The investment can be in to a maximum of two properties provided they reach the €300,000 permanent residency limit. The properties purchased must be brand new. If you would like further information, drop me a line. Word of the Day Index What Is an Index? An index is an indicator or measure of something, and in finance, it typically refers to a statistical measure of change in a securities market. In the case of financial markets, stock, and bond market indices consist of a hypothetical portfolio of securities representing a particular market or a segment of it. (You cannot invest directly in an index.) The S&P 500 and the US Aggregate Bond Index are common benchmarks for the American stock and bond markets, respectively. DOW Jones Index FTSE100 or FTSE250 Index You can invest in an Index Tracking Fund or ETF. 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
13:39
August 28, 2019
What does leaving the EU on WTO terms actually mean?
What does BREXIT and leaving the EU on WTO terms actually mean for the UK? Listen to this jargon-busting episode. Word of the Day WTO The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to ensure that trade flows as smoothly, predictably and freely as possible. The WTO has over 160 members representing 98 per cent of world trade. Over 20 countries are seeking to join the WTO. Despite MPs voting against a no deal in March 2019, it still remains the legal default for Brexit until some kind of withdrawal agreement is passed by Parliament. A no deal Brexit would mean we leave the EU, as well as the single market and customs union, and begin trading with the EU on WTO terms. Under WTO rules, countries set their own import rules, so a no deal Brexit means that the government could, in theory, allow goods and services from all countries across the world to be imported into the UK without tariffs or quotas. But it doesn’t mean other countries would have to do the same, meaning that UK exports to those countries would, in many cases, face tariffs and restrictions. In any case, the government have said that under a no deal Brexit scenario, tariffs would still apply to 13% of goods (by value) imported into the UK for up to 12 months. During that time it will undertake a review on a long-term approach to tariffs. Another way of thinking about free trade is that the UK would be able to decide for itself how trade with other countries would operate. In the longer-term a no deal Brexit would give the UK the greatest agency over its future trade deals, although the exact terms would have to be agreed in negotiation with each individual country. These deals would likely take years to negotiate. Source: https://fullfact.org. Formation 1 January   1995; 24 years ago Type International   trade organization Purpose Reduction   of tariffs and other barriers to trade Headquarters Centre   William Rappard, Geneva, Switzerland Membership 164   member states Official   language English, French, Spanish Director-General Roberto   Azevêdo Budget 197.2   million Swiss Francs (approx. 209 million US$) in 2018. Staff 640 There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook
12:46
August 27, 2019
The Power of Compound Interest
Albert Einstein once said that compound interest was the most powerful force on earth. What is compound interest? In simple terms, compound interest is the effect of interest being earned, paid or on interest. If you had £100 in the bank earning 7% interest per annum at the end of the year you would have £107. In year two, you are earning 7% on £105, not £100. The Rule of 72 If you did not touch the interest or savings and the interest continued at 7% per annum how long would it be before your money doubled? The answer is just over 10 years. Look at it from another point of you, if you have a credit card debts rolling up at 20% per annum, how long would it be before your debt doubled in size? The answer is just over three years. However, let’s assume you are paying the minimum 2% off of your debt balance, and for the sake of this exercise we assume that effect is that you will be paying 18% on the debt. It would still only take four years before your debt has doubled in size. Furthermore, just paying the minimum payment on your balance would probably take decades before you could clear it. I’ll give you a quick way to work out how long are some doubles based on an interest rate. It’s called the rule of 72. If you divide the interest-rate that you are earning into 72 or take 72 and divide it by the interest-rate this will give you the approximate number of years will take to double. In the above example, if you’re earning 7% per annum, seven into 72 is just over 10, therefore it will take just over 10 years before your money will double. If I offered you the choice of either £1 million for one penny doubled every day for 28 days, which would you accept? The obvious answer is to take the £1 million, but you’d be wrong to take it, As one penny doubled and compounded over 28 days comes to £1,340,000. Amazing isn’t it. Day one, one penny, day two, two pennies and so on until day 27 it is £650000. Word of the day Compound interest and the Rule of 72. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook
12:50
August 26, 2019
Weekly News Roundup 260819
Weekly News Roundup 260819 Word of the Day ETF An exchange-traded fund (ETF) is a fund of securities—such as stocks—that tracks an underlying index, for instance, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 Index. ETFs can also contain many types of investments, including stocks, commodities - such as Gold and Silver - bonds, or a mixture of investment types. An exchange-traded fund is a marketable security meaning it has an associated price that allows it to be traded or bought and sold. 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.
08:39
August 25, 2019
6 Trump Tweets Wipes $500 Billion off U.S. Stocks in one day
6 Trump tweets wipe $500 billion off U.S. stocks in one day - $83 billion a tweet! The stock market lost over $300 billion in value in 15 minutes due to six tweets from President Trump. He even joked about the Dow being down later in the day as investors lost over $500 billion on Friday. The Dow Jones closed 623 points down on Friday following the Trump tweets calling Fed the “enemy” and imposing new tariffs on Chinese imports from September. Forbes reported that in the course of 2 minutes on Friday President Trump unleashed 6 tweets about Fed Chairman Powell’s speech at the central bank’s Jackson Hole annual economic policy symposium and China announcing that it would impose 5% to 10% tariffs on $75 billion of U.S. exports to China. The stock market reacted immediately and intensely negatively to Trump’s first set of tweets sending the Dow Jones 30 Industrials down about 400 points in 15 minutes and 500 points within an hour. While the Dow and other indexes were essentially flat to up a bit during and after the Fed Chairman’s speech, the 120 seconds of tweets erased over $300 billion in value in those 15 minutes and the markets fell further during the day. Trump followed up with 4 more tweets later in the day, one of which was joking about the Dow dropping 573 points as investors had lost almost half a trillion dollars. For the day over $500 billion in equity was erased. That’s $83 billion per tweet! As the trade war escalates like a high-stakes poker game, shares started to tumble around the world and could be the trigger for another black Monday when markets open in Asia and then Wall Street. London will be closed for a public holiday on Monday 26 August. Although markets had settled after earlier steep falls, Money Tips predicted that this would not be the end of market turbulence. Word of the Day Correction What Is a Correction? According to Investopedia, ai the world of investments, a correctionis generally defined as a decline of 10% or greater in the price of a security from its most recent peak. Corrections can happen anywhere including individual stocks, the indexes that follow stocks or sectors, the commodities and currency markets, or any asset that trades on an exchange. · A correction is a decline of 10% or greater in the price of a security, asset, or a financial market. · Corrections can last anywhere from days to months, or even longer. · While damaging in the short term, a correction can be healthy, adjusting overvalued asset prices and providing buying opportunities. A Stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are triggered by panic or an event, as much as by underlying economic factors. They often follow speculative stock market bubbles or long bull runs. Significant crashes occurred in 1929, 1987 and 2008, but smaller crashes have happened in between those dates. If you would like to learn how to invest in the stock market and make money whether the market is going up or down, drop me a line on FB or at charles@charleskelly.net. 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.
11:08
August 24, 2019
Landlords Reject Benefit Tenants
Universal credit is responsible for tenants on benefits falling behind with rent, according to the Residential Landlords Association (RLA). The RLA said 54% of landlords had reported tenants on the benefits go into arrears in the last year. The BBC reports that Debt charity Turn2Us warned universal credit will lead to "more rent arrears, more evictions and more homelessness". The Department for Work and Pensions (DWP) said landlords had reported seeing fewer claimants in arrears in the last year. David Smith, policy director for the Residential Landlords Association (RLA), said it was taking too long for people struggling on universal credit to get the help they needed. "The system only provides extra support once tenants are in rent arrears. Instead, more should be done to prevent tenants falling behind with their rent in the first place. "Only then will landlords have the confidence they need that tenants being on universal credit does not pose a financial risk they are unable to shoulder." Tenants have also experienced difficulty if finding landlords who will accept benefits claimants. David Samson, welfare benefit specialist at Turn2Us, said the large number of people on universal credit in rent arrears was "a devastating example of the crippling issues with the benefit". "The five week wait for universal credit married with the reality that it is just less generous than previous benefits will only conclude with more rent arrears, more evictions and more homelessness unless the government takes immediate action to fix some of the glaring problems." Chris Town, a landlord in Yorkshire for 31 years, told the BBC that his tenants are "all worried about universal credit; they're terrified they're going to lose the benefit". The experienced landlord said the introduction of the benefit since 2018 had caused many problems. "You give people time to sort things out, but I'm waiting three months for arrears in some cases." He added that there are problems getting access to information. "Up to now with housing benefit we've dealt with the local authority directly which means information was easy to access. "Under universal credit it's not as accessible and you're not really sure what's going on." Universal credit has replaced six benefits, including housing benefit, and merges them into one payment. It's gradually being rolled out around the country, but there are concerns that some claimants have seen their overall support cut. RLA research revealed that 68% of landlords said there was a shortfall between the cost of rent and the amount paid in universal credit. Are you a landlord with tenants on benefits or a tenant claiming Universal Credit? Money Tips would like to hear your views. Word of the Day Fiscal A term used in public or government financial matters. Fiscal year, fiscal report. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
07:31
August 23, 2019
Don’t Let The Grass Grow Under Your Feet
You must keep on top of your finances and life in general otherwise the weeds will take the garden, as Jim Rohn used to say. When does it end? When can you relax? Never. Word of the Day Tenure In property terms, it’s the conditions under which land or buildings are held or occupied. Examples of tenure in the UK include, Freehold or Leasehold. There are more examples and practical steps to getting rich, staying 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.
11:17
August 22, 2019
UK attracts £5 billion in tech investments this year
UK has enjoyed a boom in new tech investments from overseas and has attracted £5 billion in the first seven months of this year, the BBC reports today. Word of the Day IPO – Initial Public Offering  or stock market launch is a type of public offering in which shares in a company are sold to institutional investors and usually also retail (individual) investors - raising investment using OPM.  The IPO is underwritten by one or more investment banks, which arrange for the shares to be listed on one or more stock markets, such as the London Stock Exchange or on one of the Wall Street markets. 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.
10:56
August 21, 2019
Kylie Jenner – The Entrepreneur Turning Economics on its Head
 Kylie Jenner – The Entrepreneur who is defying the odds A 20-year-old near-billionaire who does not have a college degree is in the process of dismantling decades worth of bunk economic theories crafted by those long on degrees, but short on common sense. Entrepreneur Kylie Jenner started Kylie Cosmetics in 2016 ago with one product - a $29 lip kit. Forbes reported in 2018, that she “had sold more than $630 million worth of makeup since.”  Jenner owns 100 percent of a company that Forbes estimates is worth more than $800 million. Jenner is on track to become the youngest self-made billionaire ever. Kylie Jenner the Modern Entrepreneur Even more remarkable is how Jenner built the billion-dollar business without a large company or major investors and minimal setup costs, staff or infrastructure. She owns 100 percent of her business. Start-up costs were low and she employs just seven full-time and five part-time staff. All the manufacturing and packaging, along with sales and fulfilment, are outsourced. Making a billion is easier in the digital and social media age. As Jenner told Forbes, “I have such easy access to my fans and customers.”  Whilst most entrepreneurs in the cosmetics business would have huge marketing costs, Jenner’s got this covered of through her 115 million Instagram followers and even more on Snapchat.  John Tamny, Director of the Center for Economic Freedom at FreedomWorks, sates in his new book, The End of Work, that Millennials will be the richest generation in the history of the richest nation in the history. Maybe, until Jenner's generation eclipses the Millennials. The young understand and embrace the technology best.   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.
09:12
August 20, 2019
UK Chancellor will not change Stamp Duty
Chancellor Sajid Javid ends speculation that he will make sellers pay Stamp Duty, instead of buyers. Thank goodness for common sense, as the plan was fraught with difficulty.. Stock Markets settle. Invest in yourself and your education. Word of the Day Dividend or Divi. When you own a share in a business, the board of directors of the company can declare a dividend, or share of the profits, to the shareholders who are the owners of the company.  If you invest in shares, you can benefit from capital growth (assuming you have done your research, invested in a good company and the share price rises over time) and income from annual dividends, typically 3-5% of the value of the share. Learn how to invest, and always take independent financial advice. 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.
12:05
August 19, 2019
Stock market is in "TURMOIL", recession looms?
What should investors do when the stock market is at an all time high and recession looms? Fund Managers tell Investors to “stay calm” and stay invested in the market. On Wednesday 14 August 2019, the US stock marker suffered its biggest one day fall since October and the Dow Jones had its sixth worst day in history. Markets recovered by the end of the week when President Trump deferred a tariff increase on Chinese imports. As markets reel and recession appears to be around the corner, The Times interviewed leading experts and economists working for fund managers or insurance companies. These are the people who control billions of pounds worth of investments on behalf of millions of savers and investors in pooled managed funds, from pension funds to unit trusts (mutual funds). Not one expert recommended getting out of the market, even though some admitted that the price of shares could fall. Helena Morrisey of Legal and General advised investors to “stay calm”, which is always easier when it’s not your money at risk. She continued: “Private investors should resist the temptation to cash in their portfolios” and adds. By selling in anticipation of possible losses, investors may miss out on the gains that often follow declines in share prices”. In this volatile market, what would you rather do: miss out on a potential gain, or avoid a potential loss? James Thomson, the manager of the Rathbone Global Opportunities Fund, astonishingly says: “I will be sticking with my long-term strategy and not be distracted by market turmoil. I will be using and market dips to top-up some of the positions in my portfolio”.  This is bullshit. Who do they think they’re kidding? Of course they want you to “stay invested” in their funds, because that’s how they get paid – they earn billions from management fees and fund charges on your money. My advice is simple. Firstly, take independent financial advice if your adviser tells you to “stay calm” and “stay invested”, find another adviser. Secondly, take a course and learn how to invest in the stock market yourself, or invest in something else you understand, rather than leaving it to highly-paid fund managers, most of whom do not even beat the market average. If you would like to learn more about investing in your spare time, email me at charles@charleskelly.net or message me through our Money Tips Facebook Community. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. What should investors do when the stock market is high and recession looms?
12:14
August 18, 2019
7 ‘no money down’ property strategies using other people’s money
A lot of people say, “you need money to make money”, which is not strictly true. Yes, some projects do require investment, but I’ve started many businesses with no money and just my efforts. TV money expert Martin Lewis started his Money Saving Expert website for £200 and sold it for millions and describes it has his greatest ever investment. I would say the same about my business investments where my ROI has been infinite. Assuming you do need money for a project, does it need to be your own money? Of course not! People have bought and sold businesses, properties and funded projects, expeditions, corporate takeovers for centuries using Other People’s Money (OPM).  7 ‘no money down’ property strategies 1. JV – joint venture with someone who has cash to invest but not the time. 2. Rent to Rent – control property and rent out for a profit. 3. Refinance – draw off equity by remortgaging your, or someone else’s, property. 4. Crowdfunding – sourcing funds from groups of investors. 5. Lease Options – buy now, pay later with option, but not the obligation to buy. 6. Rent to buy – rent now, buy later. 7. Serviced Accommodation – start a serviced accommodation business with leased properties. Word of the Day ROI / Yield What is Return on Investment (ROI)? “Investopedia describes ROI as: Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment or compare the efficiency of a number of different investments. ROI tries to directly measure the amount of return on a particular investment, relative to the investment’s cost. To calculate ROI, the benefit (or return) of an investment is divided by the cost of the investment. The result is expressed as a percentage or a ratio.” I say, “what I am getting out of this deal?” or “what will I get back on my investment?”! ROI is sometimes confused with ROC – Return on Capital. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
20:21
August 17, 2019
Is debt a liability or an asset?
What is debt? The English term "debt" was first used in the late 13th century and derives from "dette, from Old French dete, from Latin debitum "thing owed".  To the borrower, a debt is seen as a liability. To a creditor, a debt is an asset on their balance sheet. Change your mindset and use debt as an asset and leverage to acquire assets.  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.
04:00
August 16, 2019
Signs of Recession as World Markets Tumble
World markets tumble as inverted yield curve signals a recession. Prepare for recession by eliminating the habit of spending and living off bad debt. Keep an emergency savings cash buffer of at least six moths worth of outgoings. If you’re starting a new business, I would advise against renting a shop in the High Street or signing leases for offices. If you must have an office, rent one of the many serviced offices, like Regus or We-Work, with a flexible short-term contract. The rent will be a little higher than a basic office room, but they provide you with telephone lines, answering service, photocopiers, printers, coffee machines, meeting rooms, cleaners and so on. The other advantage of a professional serviced office is that you will immediately look more credible and established. You can also work from home while using an office accommodation address and answering service.  The internet has opened up a new world of learning, working, socialising and doing business. We no longer need to go back to school or university to learn new skills. We can work from home, start a business or find a new life partner all from the comfort of our home. Amazon has also enabled thousands of authors to easily self-publish their books online, as I have with my book, Yes, Money Can Buy You Happiness! See link - http://bit.ly/2MoneyBook If you want to quit the rat race and work from home, but can't quite replace your income from your paid job, why not try and gradually make the transition over a period of time?  You can learn how to get started on Amazon or Facebook by following the steps of people who have done all the hard work for you and now want to pass on their knowledge. For more information on Amazon and Facebook courses email charles@charleskelly.net
13:36
August 15, 2019
Big stores demand Government Business Rates reforms to save the high street
The British Retail Consortium has asked the Chancellor, Sajid Javid to reform Business Rates to stop the decline of the High Street The internet has opened up a new world of learning, working, socialising and doing business. We no longer need to go back to school or university to learn new skills. We can work from home, start a business or find a new life partner all from the comfort of our home. Amazon has also enabled thousands of authors to easily self-publish their books online, as I have with my book, Yes, Money Can Buy You Happiness! See link - http://bit.ly/2MoneyBook If you want to quit the rat race and work from home, but can't quite replace your income from your paid job, why not try and gradually make the transition over a period of time?  You can learn how to get started on Amazon or Facebook by following the steps of people who have done all the hard work for you and now want to pass on their knowledge. For more information on Amazon and Facebook courses email charles@charleskelly.net Word of the Day Gearing Financial gearing refers to the relative proportions of debt and equity that a company uses to support its operations. This information can be used to evaluate the risk of failure of a business. When there is a high proportion of debt to equity, a business is said to be highly geared.
06:06
August 14, 2019
30 Years of Worldwide Web has changed everything and is destroying the High Street
Worldwide web inventor Tim Berners-Lee inventor has called for more control of the internet, which has changed everything in the last 30 years. We can now self-publish articles, books, videos, live broadcasts and podcasts online. We can buy, trade and sell online, which is destroying the high street as we know it. Shop vacancies have hit a 4-year high, which means landlords (which could be your pension fund) are also suffering.  Amazon started 25 years ago and has grown from start-up to one of the most valuable public companies on the planet, with Mr Bezos now the world's richest man. Starting as an online book retailer, it has become a global giant, selling multiple products and becoming the world's second-ever public company to hit a $1 trillion valuation. Amazon has sales of over $234 billion and is expected to rise to over $300 billion by 2020.   One of the reasons the company has grown is their partner programmes which enables online entrepreneurs and retailers to sell goods on the Amazon platform at a fraction of the cost of setting up a physical store. In the past, you needed technical knowledge and skills to set up websites and marketing ability to work online. You needed to find a way of driving traffic to your site. Amazon has solved these problems. The internet has opened up a new world of learning, working, socialising and doing business. We no longer need to go back to school or university to learn new skills. We can work from home, start a business or find a new life partner all from the comfort of our home. Amazon has also enabled thousands of authors to easily self-publish their books online, as I have with my book, Yes, Money Can Buy You Happiness! See link - http://bit.ly/2MoneyBook If you want to quit the rat race and work from home, but can't quite replace your income from your paid job, why not try and gradually make the transition over a period of time?  You can learn how to get started on Amazon or Facebook by following the steps of people who have done all the hard work for you and now want to pass on their knowledge. For more information on Amazon and Facebook courses email charles@charleskelly.net Word of the Day Leverage Leverage simply means using a lever, or form of help, to make it easier to do something, whether it be buying an asset of moving a rock by amplifying your strength.  In financial terms, Ivestopedia describes leverage as using borrowed capital as a funding source when investing to expand the firm's asset base and generate returns on risk capital. Leverage is an investment strategy of using borrowed money—specifically, the use of various financial instruments or borrowed capital—to increase the potential return of an investment. Leverage can also refer to the amount of debt a firm uses to finance assets. When one refers to a company, property or investment as "highly leveraged," it means that item has more debt than equity.   You can also leverage your time and your life by using tools or employing staff and outsourcers. If you are not using leveraging in your life, chances are your life is being leveraged by someone else.
09:48