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

By Charles Kelly Business CoachBusiness

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

February 11, 2023 Exploring the Power of Hypnotherapy and NLP with Anxiety Expert Gavin Rubenstein
Expert Insight: Gavin Rubenstein Discusses His Approach to Overcoming Anxiety Through Hypnotherapy and NLP
Exploring the Power of Hypnotherapy and NLP with Anxiety Expert Gavin Rubenstein
Watch video - https://youtu.be/cB9PhKZfjUk
To contact Gavin visit - www.gmrhypnotherapy.com
Learn more about getting control of your finances using my 3-Step Money Management Formula on my free training webinar.
If you’re struggling or worrying right now, I want to show you:
· 3 Steps to get control of your finances and spending and not only survive, but thrive in a recession or depression?
Join me online on my free live training Wednesday at 8.00PM.
Places are limited, so register now below to avoid disappointment. Act now and take advantage of this limited time offer.
https://bit.ly/3QPp8IH
#money #savings #invest #costoflivingcrisis #inflation #freetraining #recession #economy #financialfreedom #property #interestrates #hypnotherapy #NLP #anxiety
52 min
February 11, 2023 Expert Insight: Gavin Rubenstein Discusses His Approach to Overcoming Anxiety Through Hypnotherapy and NLP Exploring the Power of Hypnotherapy and NLP
Expert Insight: Gavin Rubenstein Discusses His Approach to Overcoming Anxiety Through Hypnotherapy and NLP
Exploring the Power of Hypnotherapy and NLP with Anxiety Expert Gavin Rubenstein
Watch video - https://youtu.be/cB9PhKZfjUk
To contact Gavin visit - www.gmrhypnotherapy.com
Learn more about getting control of your finances using my 3-Step Money Management Formula on my free training webinar.
If you’re struggling or worrying right now, I want to show you:
· 3 Steps to get control of your finances and spending and not only survive, but thrive in a recession or depression?
Join me online on my free live training Wednesday at 8.00PM.
Places are limited, so register now below to avoid disappointment. Act now and take advantage of this limited time offer.
https://bit.ly/3QPp8IH
#money #savings #invest #costoflivingcrisis #inflation #freetraining #recession #economy #financialfreedom #property #interestrates #hypnotherapy #NLP #anxiety
52 min
February 03, 2023 Higher Interest Rates: How Central Bank Decisions Impact Borrowers, Savers, and the Economy
Central banks in the US, UK, and EU have recently raised base interest rates in response to rising inflation. In the UK and EU, interest rates have gone up by 0.5%, while in the US, they have increased by 0.25%. This move by central banks is aimed at combatting inflation and maintaining the stability of the economy.
Watch video on my YouTube Channel: https://youtu.be/LTDcwj9msgI
Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When inflation rises, it erodes the purchasing power of money, making it more expensive to buy the same goods and services. Central banks raise interest rates as a means of slowing down economic growth, reducing inflation, and maintaining the stability of the economy.
Higher interest rates have already had a massive impact on borrowers and savers. For borrowers, such as those with mortgages, personal loans, or credit cards, higher interest rates can mean higher monthly payments and increased debt. On the other hand, savers benefit from higher interest rates as they earn more interest on their savings deposits.
The recent interest rate hike by central banks is likely to have an impact on the stock market and the real estate market. Higher interest rates make borrowing more expensive, which can slow down economic growth and reduce consumer spending. This can lead to a decrease in the demand for stocks, potentially leading to a decline in stock prices. In the real estate market, higher interest rates can increase the cost of borrowing, which can slow down the pace of home buying and reduce demand for homes.
In conclusion, the recent interest rate hike by central banks in the US, UK, and EU is aimed at combatting inflation and maintaining the stability of the economy. It is important for both borrowers and savers to be aware of the potential impact of these interest rate increases and adjust their financial strategies accordingly.
Hundreds of thousands of UK mortgage borrowers are reaching the end of fixed rate deals each month. Many will face difficulty paying much higher rates and some will not even qualify for a new rate under the lender’s ‘affordability’ criteria based on higher payments.
If you are experiencing difficulty in keeping up with your mortgages, loans or credit cards, there are a number of steps you can take.
1. Firstly, talk to your lender and explain the situation, rather than waiting for them to chase you.
2. Secondly, you can ask the lender to temporarily switch your loan to interest only or a cheaper rate.
3. Set up a plan to clear or reduce your higher interest debts, like credit cards.
4. Finally, you can talk to regulated debt advisory firms or charities to negotiate with your creditors.
Learn more about getting control of your finances using my 3-Step Money Management Formula on my free training webinar.
If you’re struggling or worrying right now, I want to show you:
· 3 Steps to get control of your finances and spending and not only survive, but thrive in a recession or depression?
Join me online on my free live training Wednesday at 8.00PM.
Places are limited, so register now below to avoid disappointment. Act now and take advantage of this limited time offer.
https://bit.ly/3QPp8IH
9 min
February 03, 2023 Higher Interest Rates: How Central Bank Decisions Impact Borrowers, Savers, and the Economy
Central banks in the US, UK, and EU have recently raised base interest rates in response to rising inflation. In the UK and EU, interest rates have gone up by 0.5%, while in the US, they have increased by 0.25%. This move by central banks is aimed at combatting inflation and maintaining the stability of the economy.
Watch video on my YouTube Channel: https://youtu.be/LTDcwj9msgI
Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When inflation rises, it erodes the purchasing power of money, making it more expensive to buy the same goods and services. Central banks raise interest rates as a means of slowing down economic growth, reducing inflation, and maintaining the stability of the economy.
Higher interest rates have already had a massive impact on borrowers and savers. For borrowers, such as those with mortgages, personal loans, or credit cards, higher interest rates can mean higher monthly payments and increased debt. On the other hand, savers benefit from higher interest rates as they earn more interest on their savings deposits.
The recent interest rate hike by central banks is likely to have an impact on the stock market and the real estate market. Higher interest rates make borrowing more expensive, which can slow down economic growth and reduce consumer spending. This can lead to a decrease in the demand for stocks, potentially leading to a decline in stock prices. In the real estate market, higher interest rates can increase the cost of borrowing, which can slow down the pace of home buying and reduce demand for homes.
In conclusion, the recent interest rate hike by central banks in the US, UK, and EU is aimed at combatting inflation and maintaining the stability of the economy. It is important for both borrowers and savers to be aware of the potential impact of these interest rate increases and adjust their financial strategies accordingly.
Hundreds of thousands of UK mortgage borrowers are reaching the end of fixed rate deals each month. Many will face difficulty paying much higher rates and some will not even qualify for a new rate under the lender’s ‘affordability’ criteria based on higher payments.
If you are experiencing difficulty in keeping up with your mortgages, loans or credit cards, there are a number of steps you can take.
1. Firstly, talk to your lender and explain the situation, rather than waiting for them to chase you.
2. Secondly, you can ask the lender to temporarily switch your loan to interest only or a cheaper rate.
3. Set up a plan to clear or reduce your higher interest debts, like credit cards.
4. Finally, you can talk to regulated debt advisory firms or charities to negotiate with your creditors.
Learn more about getting control of your finances using my 3-Step Money Management Formula on my free training webinar.
If you’re struggling or worrying right now, I want to show you:
· 3 Steps to get control of your finances and spending and not only survive, but thrive in a recession or depression?
Join me online on my free live training Wednesday at 8.00PM.
Places are limited, so register now below to avoid disappointment. Act now and take advantage of this limited time offer.
https://bit.ly/3QPp8IH
9 min
January 21, 2023 Rents Rising At Fastest Rate In 7 Years As Landlords Face Rising Costs
Average rents and house prices were still rising late last year, according to official data, although experts a property market slowdown in 2023.
Join me online on my free live training Wednesday at 7.30PM. Places are limited, so register now below to avoid disappointment - https://bit.ly/3QPp8IH
Private rental properties owned by private landlords increased at the highest level since comparable records began seven years ago, figures reveal.
House prices were still rising in the year to November 9but falling month on month), but the Office for National Statistics (ONS) said the pace of growth slowed.
Watch video version on my YouTube channel - https://youtu.be/mc8_fWf0R_c
Private rental prices in the UK rose by 4.2% in the year to December.
Other figures from the ONS showed that property prices increased by 10.3% in the year to November, slowing from 12.4% in October 2022.
· A 10.9% annual increase in England
· A 10.7% rise in Wales
· A 5.5% jump in Scotland and 10.7% growth in Northern Ireland.
England’s prices increased the most in the northwest, up 13.5% over the year, and the slowest in London, a 6.3% increase.
The average UK house price in November was £295,000 - £28,000 higher than a year earlier, a decrease from the previous month's record high of £296,000.
Home buyers have been hit by the rise in mortgage costs as the Bank of England raised base rates during 2022.
The average cost of two-year fixed-rate mortgage has stated to fall since last year’s market turmoil following the mini-budget, but far higher than the start of last year.
The ONS report that hundreds of thousands of UK homeowners face higher mortgage costs when their current fixed-rate deal expires this year.
More than 1.4 million households will be renewing their fixed-rate mortgage in 2023 - 57% of them currently paying an interest rate of less than 2%.
A ‘ fixed-rate renewal peak’ between April and June 2023 will hit 371,000 mortgage holders when their deals expire.
George Osbourne’s buy-to-let tax hike and increased legislation has led to 85,000 private landlords quitting the property rental market in the last 5 years – see https://youtu.be/NME3nEu8dAQ.
Although oil and gas prices have come down in recent months, millions of people are still facing a cost of living and have no savings.
Watch YouTube video - https://youtu.be/mPvjb6MN7To
How can you:
· Not only survive, but thrive in a recession or depression?
· Get control of your finances and spending?
· Save and invest for your future?
· Learn about money and finance?
To help you, I am running a free training webinar.
I want to take you to the next level, help you get control of your money and become financially free.
Join me online on my free live training Wednesday at 7.30PM.
Places are limited, so register now below to avoid disappointment.
https://bit.ly/3QPp8IH
18 min
January 21, 2023 Rents Rising At Fastest Rate In 7 Years As Landlords Face Rising Costs, Red Tape And More Legislation
Average rents and house prices were still rising late last year, according to official data, although experts a property market slowdown in 2023.
Join me online on my free live training Wednesday at 7.30PM. Places are limited, so register now below to avoid disappointment - https://bit.ly/3QPp8IH
Private rental properties owned by private landlords increased at the highest level since comparable records began seven years ago, figures reveal.
House prices were still rising in the year to November 9but falling month on month), but the Office for National Statistics (ONS) said the pace of growth slowed.
Private rental prices in the UK rose by 4.2% in the year to December.
Private landlords have been hit by tax and mortgage rate rises, as well as increased compliance costs, which some are passing on to tenants.
The average tenant spends more proportionally on housing costs than homeowners do, and rents are usually higher than a typical first-time buyer mortgage.
Other figures from the ONS showed that property prices increased by 10.3% in the year to November, slowing from 12.4% in October 2022.
· A 10.9% annual increase in England
· A 10.7% rise in Wales
· A 5.5% jump in Scotland and 10.7% growth in Northern Ireland.
England’s prices increased the most in the northwest, up 13.5% over the year, and the slowest in London, a 6.3% increase.
The average UK house price in November was £295,000 - £28,000 higher than a year earlier, a decrease from the previous month's record high of £296,000.
Home buyers have been hit by the rise in mortgage costs as the Bank of England raised base rates during 2022.
The average cost of two-year fixed-rate mortgage has stated to fall since last year’s market turmoil following the mini-budget, but far higher than the start of last year.
The ONS report that hundreds of thousands of UK homeowners face higher mortgage costs when their current fixed-rate deal expires this year.
More than 1.4 million households will be renewing their fixed-rate mortgage in 2023 - 57% of them currently paying an interest rate of less than 2%.
A ‘ fixed-rate renewal peak’ between April and June 2023 will hit 371,000 mortgage holders when their deals expire.
George Osbourne’s buy-to-let tax hike and increased legislation has led to 85,000 private landlords quitting the property rental market in the last 5 years – see https://youtu.be/NME3nEu8dAQ.
Although oil and gas prices have come down in recent months, millions of people are still facing a cost of living and have no savings.
Watch YouTube video - https://youtu.be/mPvjb6MN7To
How can you:
· Not only survive, but thrive in a recession or depression?
· Get control of your finances and spending?
· Save and invest for your future?
· Learn about money and finance?
To help you, I am running a free training webinar.
I want to take you to the next level, help you get control of your money and become financially free.
Join me online on my free live training Wednesday at 7.30PM.
Places are limited, so register now below to avoid disappointment.
https://bit.ly/3QPp8IH
18 min
January 20, 2023 How To Get Control Of Your Money And Become Financially Free In Challenging Times Without Pain
How To Get Control Of Your Money And Become Financially Free In Challenging Times Without Pain
We are living through the most challenging times in 40 years.
· Recession
· Inflation
· Higher interest rates
· War and conflict
Millions of people are facing a cost of living and have no savings
Watch YouTube video - https://youtu.be/mPvjb6MN7To
Rising rents and mortgage costs, electricity being cut off!
How can you:
Not only survive, but thrive in a recession or depression?
Get control of your finances and spending?
Save and invest for your future?
Learn about money and finance?
To help you, I am running a free training webinar.
I want to take you to the next level, help you get control of your money and become financially free.
Join me online on my free live training Wednesday at 7.30PM.
Places are limited, so register now below to avoid disappointment.
https://bit.ly/3QPp8IH
#money #savings #invest #costoflivingcrisis #inflation #freetraining #interestrates #recession #economy #financialfreedom
3 min
January 13, 2023 Whitney Houston Discovered That Getting Rich And Staying Rich Are Very Different Skills
Whitney Houston Discovered That Getting Rich And Staying Rich Are Two Different Skills
The Whitney Houston biopic, ‘I Wanna Dance With Somebody’, shows how making money and getting rich are not enough to stay rich.
For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.TWay training. Check it out for free - https://bit.ly/3isugCr.
Whitney Houston was the biggest female star of her time selling millions of records and selling out shows all over the world, but nearly went broke because left the management of her financial affairs to her Father who frittered millions of dollars away on private jets, hangers on and high living.
Many other stars have made and lost a fortune, which I talk about in my books.
It’s a lesson for all of us.
Watch YouTube video channel - https://youtu.be/17b_PkIyq-s
It doesn’t matter how much money you make, you will never be financially free without proper money management.
Learn how to manage your finances in 28 days, without pain.
In my S.M.A.R.T MONEY course I teach five principles of managing and making money.
For more information see my free Master Your Money the S.M.A.R.TWay training. Check it out - https://bit.ly/3isugCr.
#money #business #whitneyhouston #iwannadancewithsomebody #moneymanagement #smartmoney #freemoneytraining #financialfreedom #getrich #stayrich #moneycanyouhappiness
9 min
January 13, 2023 Whitney Houston Discovered That Getting Rich And Staying Rich Are Different Skills
Whitney Houston Discovered That Getting Rich And Staying Rich Are Different Skills
The Whitney Houston biopic, ‘I Wanna Dance With Somebody’, shows how making money and getting rich are not enough to stay rich.
For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.TWay training. Check it out for free - https://bit.ly/3isugCr.
Whitney Houston was the biggest female star of her time selling millions of records and selling out shows all over the world, but nearly went broke because left the management of her financial affairs to her Father who frittered millions of dollars away on private jets, hangers on and high living.
Many other stars have made and lost a fortune, which I talk about in my books.
It’s a lesson for all of us.
Watch YouTube video channel - https://youtu.be/17b_PkIyq-s
It doesn’t matter how much money you make, you will never be financially free without proper money management.
Learn how to manage your finances in 28 days, without pain.
In my S.M.A.R.T MONEY course I teach five principles of managing and making money.
For more information see my free Master Your Money the S.M.A.R.TWay training. Check it out - https://bit.ly/3isugCr.
#money #business #whitneyhouston #iwannadancewithsomebody #moneymanagement #smartmoney #freemoneytraining #financialfreedom #getrich #stayrich #moneycanyouhappiness
9 min
January 08, 2023 House Prices SLUMP Fourth Month In A Row As Mortgage Approvals DROP To 2-Year Low
The average house price in the UK fell for the fourth month in a row in December as prices plummeted by 1.5% compared to November - the average house price is now £281,272, according to Halifax.
For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.
December's decline was not as high the 2.4% drop in November.
Annually, house prices grew by just 2% compared with December 2021 - down from 4.6% annual increase recorded in November – and the slowest rise since October 2019 when prices were going up by 1.1%.
See YouTube video on Charles Kelly Money Tips Podcast - https://youtu.be/BeGsYCvuLL8
Mortgage approvals unsurprisingly declined to their lowest level in two years as interest rate rises deterred buyers, new Bank of England figures find.
Mortgage approval lending slumped to just 46,000 in November, down from under 58,000 in October, the BOE reports.
Home-buyers and buy-to-let investors were put off by a massive rise in mortgage interest rates following a succession of base rate hikes designed to curb soaring inflation.
Rates have gone up nine times since December 2021 to 3.5%, the highest level in 14 years.
The average 5-year fixed rate mortgage rate recently reached just under 6% hitting 100,000 per month with higher payments of up to three times their previously deal.
Economists and experts have predicted that already depressed house prices could further fall by up anything from 10% to 20% in 2023.
Bank of England figures also reveal that people are borrowing more on credit cards - up by £1.2bn - as cost of living pressures continue to hammer household and business budgets.
Despite higher rates, householders increased mortgage borrowing against their homes by an additional £4.4bn in November.
UPDATE ON MTD
Good news for business. Making Tax Digital and quarterly reporting bureaucracy changes for self-employed will be postponed for two years until 2026, HMRC has announced.
See also:
See My UK Property Predictions For 2023 – Where Is The Housing And Rental Market Going?
Watch video on my YouTube channel - https://youtu.be/ekDrJUZ6pUg
Toronto Property Market Explained By Luc Lising One Of Canada’s Top Realtors - Watch full video interview - https://youtu.be/lldv5gL1GaQ
What Are You Doing Today To Make Your Life Better Tomorrow?
Watch video version on my YouTube channel - https://youtu.be/G8_SKQgGisI
The UK Prime Minister Rishi Sunak wants to force children to study mathematics until 18, but they should be teaching them about finance, mortgages, investing and pensions.
For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.
#property #rentalmarket #finance #financialfreedom #freefinancialtraining #freetraining #money #wealth #landlord #buytoletlandlord #property #goals #plans #interestrates #mentor #canadapropertymarket #GTApropertymarket #torontoproperty #luclising #filipinocanadian #MTD #HMRX #Tax
12 min