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.

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.

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.

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.