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.

Interest rates rise as Bank of England warn of recession and 10% inflation

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

US economy declines for first time since 2020 as UK business failures hit 60-year high

Listen to US economy declines for first time since 2020 as UK business failures hit 60-year highThe world’s largest economy contracted by an annualised rate of 1.4% in the first three months of this year. The sharp drop follows growth of over 6% in the final quarter of 2021. Business insolvencies in England and Wales jump to 60 year high. Rapid increase in voluntary liquidation is driven by inflation and supply chain difficulties.  World Bank warns of human food catastrophe and war causes shortages and soaring prices.  Food prices are now at the highest rate since UN Food Index tracking records began 60 years ago after jumping 13% in March.    What does inflation mean to you?   The costs of goods and services has risen by 49.4% since 2010, which means you need £14,936 to have the same buying power as £10,000 in 2010.  Stock Markets jittery Stock markets in Europe and Asia fell sharply this week at n fears of Chinese lockdowns but later recovered.  House prices still rising in the UK A shortage of family homes continues to drive up demand despite recent interest rate rises. 3 quick tips to GET CONTROL of your finances in times of rising prices.  1. Get control of your outgoings and expenditure. 2. Get control of debt. 3. Get control of spending. Also check out my ‘5 Inflation-Busting Tips’  for money saving ideas to help you through this. -https://youtu.be/2jZCO4V7uX0 Make the most of your money and resources and learn how to get control and manage your finances. Consider investing in real assets which tend to hold their value and act as a hedge during times of high inflation. Assets like property, stock and shares and gold have long been held as a long-term inflation hedge. Do people get rich during recessions and depressions? The answer is yes! To help you get through this and come out stronger at the other end I am offering subscribers a free MONEY MASTERCLASS.  Join me for an intimate Money Masterclass this Wednesday The NEW WAY to build your wealth, IMMEDIATELY GET CONTROL of your money and learn how you can become FINANCIALLY FREE in 28 days using my S.M.A.R.T MONEY FORMULA! With inflation at a 30-year high there has never been a better time to join me for this brand new Money Masterclass! I am inviting a small group of people only to join me this WEDNESDAY 7PM for an intimate S.M.A.R.T Money Masterclass! >>> REGISTER HERE - https://contexttraining.aweb.page/p/101d6194-4fe4-4036-8cc8-615ecc35f857 Secure your seat now! See omnystudio.com/listener for privacy information.

Food Shortages on the way – time to act!

Listen to Food Shortages on the way – time to act!Food Shortages on the way – time to act! Food shortages and even rationing could be on the way as the Russia Ukraine war continues. Sanctions against Russia are forcing up the price of everything from oil and gas to wheat and Fertiliser chemicals. This is adding to existing problems of inflation caused by ‘government money creation’, soaring shipping costs and supply chain issues in China. Farmers are warning of coming food shortages, as items like cooking oil disappear from supermarket shelves. “Over 36 countries depend on Russia or Ukraine for half their wheat imports” Antonio Guterres, UN Secretary General In a broadcast this week, the UN Secretary General warned of rising poverty and added: Wheat up 30% Oil up 60% Natural Gas up 50% Fertiliser up 100% The National Farmers Union (NFU) reports: “Ukraine is a major supplier of wheat, barley, maize and oilseeds (particularly sunflower oil and meal) to the global market meeting the needs of an estimated 400 million people worldwide. The interruption of that supply with the closure of the Black Sea ports is being hardest felt in North African and the Middle East countries most reliant on Ukrainian wheat. “The World Food Programme estimates that its operational costs of feeding food insecure people will increase by €26 million per month compared to current levels, €64 million per month compared to pre-pandemic levels.” The NFU warns of “an acceleration in the rise of commodity prices”. “Global commodity prices were already rising steeply as the world economy emerged from the pandemic – over the last 18 months wheat prices have risen nearly 110%, maize and vegetable oil prices are up 140%, and soybean prices are up 90%. The conflict in Ukraine has accelerated the rise in commodity prices, with wheat prices increasing 70% since the invasion.” Source: NFU Signs of poverty are already being seen in the UK, a wealthy country. $50 billion was wiped off the value of Netflix as its share price dropped 35% following reports that the company lost 200,000 subscribers in the first quarter of 2022. Economy is in winter season right now but…winters don’t last forever! Bulk buy non-perishable consumer goods and food as a hedge against inflation Buckle down, tighten your belts and get through this, you will survive!  Consider spreading the cost on direct debit to cushion the blow. Build your credit lines and watch your credit rating like a hawk. Earn more cash by doing part-time jobs or a side-line business. Watch my ‘5 Inflation-Busting Tips’  for money saving ideas to help you through this. -https://youtu.be/2jZCO4V7uX0 Make the most of your money and resources and learn how to get control and manage your finances. Consider investing in real assets which tend to hold their value and act as a hedge during times of high inflation. Assets like property, stock and shares and gold have long been held as a long-term inflation hedge. Remember, you are not alone. Get help, take advice, and use debt counselling services like Citizens Advice if you are having trouble.  Can you take proactive steps to increase your wealth?  Do people get rich during recessions and depressions? The answer is yes! To help you get through this and come out stronger at the other end I am offering subscribers a free MONEY MASTERCLASS.  Join me for an intimate Money Masterclass this Wednesday The NEW WAY to build your wealth, IMMEDIATELY GET CONTROL of your money and learn how you can become FINANCIALLY FREE in 28 days using my S.M.A.R.T MONEY FORMULA! With inflation at a 30-year high there has never been a better time to join me for this brand new Money Masterclass! I am inviting a small group of people only to join me this WEDNESDAY 7PM for an intimate S.M.A.R.T Money Masterclass! >>> REGISTER HERE Secure your seat now! >>> REGISTER HERE Join me LIVE… Here’s a reminder of what we’ll cover in the training: 1. HOW TO GET CONTROL OF YOUR FINANCES 2. HOW TO BE FINANCIALLY FREE IN 28 DAYS 3. HOW TO ACCUMULATE WEALTH >>> REGISTER HERE With so much uncertainty in the world, with businesses, jobs and the economy being turned on its head, there's never been a better time to take ownership for what you can control! Book your place now NOW. I look forward to seeing you there! Best, Charles P.S. There are limited places available. We’ve had a HUGE response already! Do not miss out - REGISTER YOUR SEAT NOW REGISTER HERE  - and join me to discover how to build wealth, IMMEDIATELY GET CONTROL of your money and learn how you can become FINANCIALLY FREE in 28 days using my S.M.A.R.T MONEY FORMULA! See omnystudio.com/listener for privacy information.

Elon Musk Bids To Buy Twitter for $40 billion

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

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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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