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

Money Tips Podcast

Time to get fixed up? This has nothing to do with Valentine’s day!

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

Interest Rates Double To 0.5% To Cool Soaring Cost Of Living As Energy Bills Jump By £800 To An Average Of £2000 PA

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

US Economy Bounces Back And Stock Markets Rally, But Crash Is Coming

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

UK Inflation rises again to the highest level for 30 years

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

Interest Rates Will Rise In 2022 – Time To Fix Your Mortgage Rate?

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

Interview With Stocks, Commodities, Futures Trader Of 40 Years KD Angle

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

Property And Share Prices At Record Levels Despite Poor Economic Outlook As 2021 Draws To A Close

The Bank of England has raised base interest rates for the first time in more than three years, in response to surging prices and an official inflation rate of 5.1%. The increase to 0.25% from 0.1% followed data this week that saw consumer prices, used to measure the UK inflation rate, climbing by the fastest rate for 10 years. Eight of the nine Monetary Policy Committee members voted to increase interest rates despite the Omicron variant slowing down an already weakened economy by causing people to spend less during the Christmas season. The Bank's action will increase mortgage costs of homeowners and businesses with commercial loans and overdrafts not on fixed rate deals.  If you have not yet fixed your rate you might want to start thinking about doing so. Talk to your financial adviser. UK inflation is now running at 5.1%, the highest in a decade and double target rates. The bank governor Andrew Bailey expects inflation to rise to 6% further early next year. The real rise in the cost increase of living is much higher than the official rate, as many of us are experiencing. The sharp rise in wholesale gas prices is driving inflation, and that is continuing to push up domestic energy bills. Energy and fuel prices affect the cost of all goods and services, as costs have increased for businesses and suppliers. Wholesale prices of raw materials and commodities have also gone through the roof this year. Inflation is rising around the world fuelled by ‘money printing’ by central banks on a scale never seen in modern history. The official US inflation is now 6.8%, the highest for over a decade, but half the rate suggested by Shadow Stats which claims real costs are rising by 15%.  The newly raised rates will increase the cost of buying a home, although they are still near the historic low and unlikely to affect property prices and housing demand unless rates rise further. The FT reports that Fed officials expect three interest rate rises next year to combat rising inflation.  The markets went up following the announcement! If you think you will not be adversely affected by interest rates going up, think again. Governments owe trillions of dollars, pounds and Euros to bondholders and will have to pay higher interest rates to service the debt they created. Who do you think is going to pay the interest? That’s right, taxpayers. Savers will welcome the news as they will earn slightly more on their savings deposits in banks currently earning next to zero. Don’t get into debt this Christmas A friendly warning to avoid spending money you don’t have and getting into debt this Christmas, especially with higher credit card rates on the way. On solution could be to hold a family ‘truce’ on presents or values, or opt out of the spending spree altogether if you can. You can still have a good Christmas without getting into debt and paying for it for it next year. Financial education in investing is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.  NEW BOOK LAUNCH – BORROW AND GROW RICH – SPECIAL OFFER I cover financial education and money mindset in my books, like Borrow and Grow Rich (available for Kindle pre-order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss), which you can order on Amazon. In this book, you will learn how the power of leverage and inflation can make you rich without working any harder than the average employee. You will also learn the difference between good debt and bad debt and why saving alone will not make you rich. Pre-order BORROW AND GROW RICH before 31 December and I will send you a FREE PDF copy of Yes, Money Can Buy You Happiness. Borrow and Grow Rich is available for Kindle pre-order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss DOWNLOAD CHAPTER ONE AND TWO FREE https://charleskelly.clickfunnels.com/optin1639410805951 See omnystudio.com/listener for privacy information.

Interest Rates Rise As Inflation Soars At Fastest Pace For 10 Years

UK House prices rose 3.4% in the three months to the end of November, the highest price increase since 2006, and 8.2% higher than a year ago, the Halifax reports. The average UK property price hit a fresh record high of £272,992 in November, the UK’s largest mortgage lender said. But added that the pace of growth was unlikely to continue next year as household finances come under pressure. Property shortage and low interest rates drives demand House prices in the UK have still been going up for the past five months, despite the end of the stamp duty holiday and the massive activity in the first six months of 2021. The unexpected growth was "underpinned by a shortage of available properties, a strong labour market and keen competition amongst mortgage providers keeping rates close to historic lows," said Russell Galley, managing director of the Halifax. The figures are based on the lender’s own data and represent an average across all residential property types in the UK. Figures will vary in some areas and properties. Flats have not enjoyed as the same high growth as houses for instance. How long will historic low interest rates last? UK economic growth slowed in October while inflation has risen above 4%. Will the Bank of England raise rates this month amidst further restrictions following the Omicron variant? The Bank of England’s Monetary Policy Committee (MPC) meets again on 16 December. CEOs dumping shares  CEOs of companies like Amazon, Tesla and Facebook have sold billions of dollars of their shares in their own companies. Do they know something we don’t? Don’t get into debt this Christmas Avoid spending money you don’t have and getting into debt this Christmas. Have a family ‘truce’ on present values or opt out of the spending spree altogether if you can. Financial education in investing is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.  NEW BOOK LAUNCH – BORROW AND GROW RICH – SPECIAL OFFER I cover financial education and money mindset in my books, Borrow and Grow Rich (available for Kindle pre-order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss) and 'Yes, Money Can Buy You Happiness", which you can order on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858 Pre-order BORROW AND GROW RICH before 31 December and I will send you a FREE PDF copy of Yes, Money Can Buy You Happiness. In this book, you will learn how the power of leverage and inflation can make you rich without working any harder than the average employee. You will also learn the difference between good debt and bad debt and why saving alone will not make you rich. If you would like to learn more about investing and managing your money, become a professional property investor, or would like tobe financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2 See omnystudio.com/listener for privacy information.

House Price Growth Highest For 15 Years

High street retail has going through a tough time in recent years with hundreds of stores closing, but here’s why I think there is still a place for physical shops for many years to come. Even with the rise of Amazon and other online retailers 85% of retail sales are still made offline. Over 20% of stores are not even fully engaged online. In a strange twist, Amazon, Apple and other online retailer are opening offline stores in the high street and malls! Online retailers Gymshark and The Fashion Bible are also set to open large flagship ‘bricks and mortar’ stores in prime retail space next year. Gymshark, which only started online ten years ago, is opening an 18,000 square foot store in London’s Regent Street, one of the most expensive and sought after retails real estate areas in the world. Just down the road, London’s luxury department store group Selfridges is being sold to a Thai conglomerate for up to £4bn. The famous UK retailer owns 25 outlets, including the enormous flagship store covering a whole block in prime position on London's Oxford Street. The iconic store was founded in 1908 by US retail magnate Harry Gordon Selfridge and featured in an ITV television drama. How will Amazon, Gymshark and The Fashion Bible prosper where the likes of Debenhams died after over 100 years of successful trading? The answer is twofold. Firstly, Debenhams, and other stores like Gap and House of Fraser, had lost their way and failed to stay current. This can happen in mature businesses which lack innovation and do not change with the times. Secondly, and more importantly, online retailers have a massive advantage over traditional bricks and mortar shops. They know their customers! Amazon knows everything about its customers like me, whereas most shops I walk in and out of know absolutely nothing. Even when I buy something they have no record of me other than a card transaction. Unless stores change their ways and start engaging with their customers and potential customers they will face a tough time ahead. But those who adapt, like Argos and Next who combine online with offline sales, will survive in the business war for our money. If you are a retail business owner and need help getting online, contact me – charles@charleskelly.net Average House Prices Continue To Rise The annual growth of an average home in the UK rose slightly to 10% in November, up form 9.9% on the previous month, according to the Nationwide Building Society’s data. FREE PROPERTY WEBCLASS - https://bit.ly/3DlSlCL Stock Markets Volatile As New Covid Restrictions Introduced Markets were down again today after rallying from earlier losses, as uncertainty fears could stall economic recovery. RPI UK Inflation Rate Hits 6%  The inflation rate as measured by the Retail Prices Index (RPI) is 6%, but the new measure of inflation, the Consumer Prices Index (CPI), stands at 4.2%. Most of us know that real prices are rising much faster than the official rate. Fuel and gas prices have doubled for some and many will face a hard winter. Could UK Interest Rates Rise? The Bank of England’s Monetary Policy Committee (MPC) meets on 16 December amid rumours that base rates could rise to curb rising prices. Financial education in investing is the key to building and keeping wealth. Never stop learning!  Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.  I cover financial education and money mindset in my book, 'Yes, Money Can Buy You Happiness", which you can order on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858 If you would like to learn more about investing and managing your money, become a professional property investor, or would like tobe financially free without working any harder, watch this free on demand training. I will give a special free gift which can help you to immediately transform your finances when you attend the online training. Click on this link to watch the free training now https://bit.ly/3wLWqx2 See omnystudio.com/listener for privacy information.

Is Retail On The High Street Dead? NO! Here’s Why I Think It’s Very Much Alive

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

Stock Markets Fall Around The World On New Covid Variant News

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

How To Generate Leads On Autopilot Using LinkedIn With Austin McCulloh

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

9 Habits To Develop Extreme Productivity

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

Buy-to-Let Property Demand Down 60% Says London Estate Agent As Chinese Buyers Dry Up

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

What Can You Invest In That Is Virtually Guaranteed To Go Up In Price In Next 12 Months? The Answer Will Surprise You…

Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.  Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.  Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.   For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

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Money Tips Podcast

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