Do what you love and the money will follow

Tips LIFESTYLE | 03. June 2019

Welcome to 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.

ABOUT ME

Welcome to 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.

Do what you love and the money will follow

Tips LIFESTYLE | 03. June 2019

asdasdasd Welcome to 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.

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ABOUT ME

Welcome to 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.

Latest podcasts.

Stamp duty holiday extended to June and 95% mortgages set to return

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

Half a million tenants to lose their home without financial help as Boris announces end of lockdown

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

House Prices Up 8.5% in 2020 According To Official Figures, But How Long Will The Party Last?

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

Travellers To UK Face £1750 Hotel Charge For COVID-19 Quarantine Stay

Listen to Travellers To UK Face £1750 Hotel Charge For COVID-19 Quarantine StayWill property crash in 2021? Travellers arriving in England forced to stay in hotels will be charged £1,750 for ten days of quarantine, the UK Health Secretary Matt Hancock has announced. The border control measures will come into force on Monday and apply to UK and Irish residents returning from countries on the high-risk so-called ‘red list.  Opposition parties have called for stronger border controls, as travellers from the 33 red list countries, which include South Africa, Panama and the UAE, do not make up the majority of the 20,000 plus people arriving in London from around the world every day. Anyone breaking the rules and failing to quarantine in a government-sanctioned hotel for 10 days will be fined up to £10,000. However, all overseas travellers flying into Scotland will have to go into quarantine hotels. To add to the confusion, people travelling from red list countries to Wales and Northern Ireland will be required to book and pay for quarantine in England, because the two countries do not currently have any direct international flights. People who lie on their passenger locator forms about visiting a red list country will be subject to a fine of £10,000 or up to 10 years in prison. The UK has suffered over 113,000 coronavirus deaths since the start of the pandemic. Over 12.6 million people have received a first dose of the vaccine. Mr Hancock told the Commons that 16 hotels have been contracted for the programme, with 4,600 rooms secured. The government will also enforce a tougher new "enhanced testing" regime for all travellers arriving into the UK starting on Monday, with two tests required during the quarantine process. Arriving passengers must to get a test on days two and eight of their 10-day quarantine period, whether they are isolating at home or in a hotel. The previous scheme was widely criticised for being too lax and open to abuse by overseas passengers arriving at London’s airports with no test and getting straight onto crowded underground public transport. Under new rules, airlines and travel companies will be legally required to ensure travellers have signed up for the new measures before they depart, with fines for companies and passengers if they fail to comply, Mr Hancock confirmed. New penalties include a £1,000 fine for travellers who fail to take mandatory tests and a £2,000 fine for failing to take the second mandatory test - along with a 14-day extension to quarantine. Failing to quarantine in a designated hotel carries fine of between £5,000 and £10,000. Passengers required to stay in a quarantine hotel must reserve a room online in advance via a booking system opening on Thursday. The £1,750 fee for an individual includes the hotel, transfer to it and testing. Similar measures have been in place in a number of Asian countries, including The Philippines, since the middle of 2020. Will property crash in 2021? The simple answer to the question everybody is asking is nobody really knows. Despite the worst recession in 300 years, average UK property prices jumped by almost 7% last year, and the market is still buoyant. Online auctioneer Savills have sold over £100 million worth of property from its last three auctions.  I attended Tuesday’s online only auction, and witnessed over £37 million worth and more than 100 properties across the UK go under the hammer. Properties, from a few thousand to millions of pounds, were selling fast at way over the guide prices – one sold for £200,000 over guide. Remember that auctions are for experienced investors and you should take advantage of the many free webinars available for anyone who wants to invest in UK property. Discover the ultimate beginners' guide to property and learn how you could be earning £1,000+ per month in 2021 using the hottest strategies in property investing right now! On Sunday February 14th at 7 PM, my friend and multi-millionaire property expert Kevin McDonnell is running a free live online training to show you how to overcome the most common beginner mistakes in property investing. Do you want to start earning life changing sums of money from property whilst knowing you are avoiding all the common mistakes beginners make when investing? Kevin will help you avoid the all-to-easy mistakes most newbies make when getting started in property investing. Click here to join his free online training – Click http://bit.ly/2NcPKqD   See omnystudio.com/listener for privacy information.

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Welcome to 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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