Money Tips Daily by Charles Kelly, former IFA and author of

Rich Dad Poor Dad author, Robert Kiyosaki said “the poor work hard for their money, the rich make their money work hard for them”. I would add that the rich also make their time work for them too. They leverage their time and multiply their personal time and effort. Most people exchange their time (and life) for money, and because there are only so many hours in the day it’s very hard to build wealth or retire. Millions of small traders and one-man-bands are getting in on the act and running online businesses from home using the platforms and fulfilment services provided by internet giants like Amazon and Shopify. You don’t even need your own products or website. You can find out more and get a free copy of Russell’s book Expert Secrets by clicking here or cut and paste this link into your browser - http://bit.ly/2EOzK8f.

Welcome to Money Tips Daily this is Money Kelly bringing you money tips to help you save and make more money!

Time Management is Life Management, You Cannot Control Time!

Time management is a misunderstood phrase, as we cannot control or manage time, we can only manage ourselves.

Time is money, as the old saying goes. But Jim Rohn said, “Time is more precious than money, as you can always earn more money, but can never get back lost time”. Time cannot be saved or banked, it must be used or it’s gone forever. Time is ticking away relentlessly and seems to speed up as we grow older. There is a biological reason for the way we perceive time as we age, but a more obvious answer could be that a year to a five year old is equivalent to 20% of their life, to a 20 year old it is just 5% and so on.

Regardless of our perception, we all have the same amount of time each day, 24 hours or 1440 minutes a day, 365 days a year, but not everyone produces or gets the same amount done in a day or a year.

Welcome to Money Tips Daily this is Money Kelly bringing you money tips to help you save and make more money!

Financial education is one of the main keys to managing and building your wealth. Financial ignorance will be extremely costly throughout your life, especially when you put everything into the hands of advisers and accountants.

In my forthcoming book, Yes, Money Can Buy You Happiness, I include section on the “Stars Who Lost It All”. One of the main reasons most of these celebrities went from extreme wealth to bankruptcy in a few years is a lack of financial education. They thought everything was being “handled” and didn’t have the common sense or knowledge to check what their advisers were doing with their money.

Unfortunately, they don’t teach you this stuff in school, right?

One way of gaining the knowledge that most advisers have and keep to themselves is to take a financial adviser course.

Take a basic course in becoming a financial adviser, which can be done as a home s

Welcome to Money Tips Daily this is Money Kelly bringing you money tips to help you save and make more money!

Live Long and Prosper. A long and healthy life means more time to earn and enjoy the fruits of your labour or investments. One way of getting your money’s worth from your lifelong private and state pensions is to outlive the actuary’s forecasts on your normal life expectancy! If you keep drawing that pension into your nineties or beyond, you’ve won!

There are many theories on how to live a long and healthy life from eating the right foods to living in Okinawa, which seems to where the average person lives to a ripe old age eating oily fish and seaweed. The problem is, most of us don’t live on an island in Japan or in mountainous regions where the air is clean and mineral rich water irrigates freshly grown vegetables!

What we can do is follow some of their habits like good diet, exercise and working beyond ‘normal’ retirement age.

Welcome to Money Tips Daily this is Money Kelly bringing you money tips to help you save and make more money! I trust your weekend is going well? You might be staying up late and enjoying a lie-in after a tiring week, which brings me on to today’s tip, which is about energy management and sleep. Make Sure You Get Enough Sleep. Did you know that sleep deprivation could kill you faster than food starvation? People have survived without food for more than 30 days, but the longest known case of going without sleep is just 11 days. Going without sleep for 24 hours leave your mind and decision making capabilities similar to someone who is intoxicated and a day longer and you will experience an altered state of mind. Depriving people of sleep is a known torture and interrogation technique and there are documented cases of people have signed confessions to crimes they didn’t commit, some of whom would face the death penalty, just to get some sleep! More at www.facebook/moneytipsdaily

Welcome to Money Tips Daily this is Money Kelly bringing you money tips to help you save and make more money!

As the weekend kicks in, you may be planning to go shopping for an expensive item or something for the house. The Money Tips Daily tip for today is:

Never borrow on loans or expensive credit cards for consumer goods or things that decrease in value.

I’m not saying don’t use a credit card, which gives you additional consumer protection in the event of a problem or the company going out of business before you receive ordered goods. Consumers who ordered beds on their credit cards from Warren Evans, which went bust in the last week, should receive a refund from the card company, whilst those who paid with a debit card or in cash have little chance of seeing their money again.

Using a credit card is fine provided you pay off the balance before interest is charged. If not, the effects of high interest rates on credit cards and personal loans will hold you back financially for years

Money Tips Daily - Model The Habits of the Rich and Successful. Simple terms, if you want to be wealthy and successful, do you want the wealthy and successful do! What does the wealthy and successful do? Find out more in this podcast.

Hello and welcome to Money Tips Daily, this is Money Kelly bringing you money tips to help save and make you more money!

Mitigate Your Tax Liability, Legally!

Slash your tax bill! If you are listening to this in real time, today is the 21st of February and for many of us in the UK the end of the tax or fiscal year on 5 April is fast approaching. Other countries may vary but the principle is the same, use every available legal tax saving method to reduce and mitigate the amount of tax you pay.

Here in the UK, the next few weeks will present your last opportunity to use up your tax free allowances in savings schemes like ISA and Pensions.

There are different types of ISA’s and pensions, and the right choice for you will depend on your own particular financial circumstances. You should seek financial advice from an independent financial advisor, as there are other tax saving investment schemes which require specialist advice.

The amount you can put into these schemes varies from year

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Today I want to give you two tips or two for the price of one!

One will save you money and the other will make you money.

The first tip is to cut down on Pay-Per-View, subscription, cable or satellite TV. A Sky TV package can cost over £80 per month or almost £1000 per year. In ten years time, your will have spent £10,000 and probably be 10 pounds heavier too!

The second tip is to stop wasting so much time in front of the TV altogether.

The average American spends 4 hours and 40 minutes slouched in front of the box every day (almost a full working week). Americans are the highest TV viewers in the world closely followed by Australians. British viewers watch TV for 24 hours a week, the equivalent of three working days! People are now binge watching boxed set shows and can spend a whole weekend watching a series. British workers have admitted to calling in sick because they’ve been up all night watching a series on Netflix.

Watching television ca

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3 Steps to Build Up Your Credit Rating.

Yesterday, we talked about protecting your credit rating, but what if it is already damaged or you have a low rating?

There are different strategies for people who have a bad credit history, for instance if you have a County Court Judgment (CCJ) of a Default registered against you, and those who have virtually no credit rating at all.

For those of you who want to build or rebuild your rating, here are three simple steps:

1. Get a credit card if you can or apply for ‘rebuild your credit’ credit card if you already have a poor credit history. Search for card providers which offer credit to people with an adverse credit history. The interest rate could be as high as 40% so make sure you pay them off quickly.

2. Pay off your card balance in full each month. This shows a record of handling your finances and you will usually find that card companies will offer to increase your limit. Also, dra