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

Get control of your finances and learn investment for beginners

In this video, I take you through the basics of getting control of your finances and learning how to become financially free.

Watch videoversion - https://youtu.be/J8xSMrLDsNw

With the cost-of-living crisis getting worse, there’s never been a better time to learn how to manage your money and change your financial blueprint.

Check out my new training to help you get control of your financesand learn how to become financially free in 28 days!

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If you’re REALLY serious and want to get started right away…Claim your free Wealth Accelerator Discovery Call with me now:

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#money #business #stockmarket #property #foodprices #freetraining #financialfreedom #inflation #costoflivingcrisis #moneytips #getcontroloffinances #freetraining

Labour's attack on buy-to-let property landlords will wreck the UK private rented sector

The Labour part – 33 points ahead of the ruling Conservatives in a recent poll - plans sweeping private rental reforms in the buy-to-let property market

Labour's Shadow Levelling Up, Housing & Communities Secretary, Lisa Nandy, laid out the party's plans to reform the private rented sector on Monday. In her speech she essentially promised that, should Labour come to power, rent payments will be considered an ‘optional extra’ for tenants, with the party planning to end automatic repossessions for rent arrears. Source NRLA.

In short, if Labour win the next election in two years time, which looks likely, they will introduce reforms to the private rented sector including making it more difficult and longer to evict tenants who are not paying their agreed rent.

Watch videoversion - https://youtu.be/oRXiwu_ekBQ

In this video episode we also talk about:

1 Pound crisis – Pound, Dollar and Euro all at same rate!

2 Pension funds dump shares and bonds, FT reports. Is this the start of the slump.

3 UK economy grew by 0.2% in second quarter to avoid recession, just!

4 Energy prices in the UK rise to £2,00pa on 1 October despite government cap.

5 US stocks record longest run of quarterly losses since 2008 market crash.

What can you do transform your finances and become financially free?

To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home.

Check out my new training to help you get control of your financesand learn how to become financially free in 28 days! - Click to join: https://bit.ly/3isugCr 

#freetraining #business #money #savemoney #buytoletinvestor #propertyinvestor #mortgages #financialfreedom #economy #money #buytolet #investing #property #houseprices #interestrates #inflation #wealth #taxcuts #kwasikwarteng #labour #rentalreform #lisanandy

Interest rates to rise AGAIN after pound £££ fell to AL TIME LOW against US dollar $$$

The Bank of England may have to raise base interest rates again to prevent pound sterling from collapsing against the US dollar after it fell to an all-time low of just over parity 1.03 this week following the Friday’s mini-budget.

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Last week, the Chancellor Kwasi Kwarteng cut taxes, as well as Stamp Duty for 200,000 homebuyers to stimulate the property market a day after the Bank of England (BoE) raised the UK base interest rate from 1.75% to 2.25% to combat inflation warning that the country “may” already be in recession.

The independent BoE move followed the Federal Reserve’s 0.75% hike last week putting further pressure on UK bonds and sterling.

Mortgage lenders have pulled fixed rate deals in anticipation of an early rate rise.

How high will interest rates go?

The Bank of England’s Monetary Policy Committee (MPC) meets in less than two week on 3 November and could be forced to raise rates again. The markets expects rates to rise to 4.5% by next year, which could push mortgage rates to over 7%, a level I have not seen for 20 years.

Now could be the time to get advice from a broker about fixing your mortgage rate for at least 3-5 years.

If you are already in a fixed rate deal and have a year or two left, you might want to consider switching to a longer-term rate even if you have to pay a small ERC – early redemption charge or penalty. Talk to a broker to weigh up the costs and benefits or do your own calculations by factoring in an interest rate of around 4.5%.

With 10% inflation and a weak pound, interest rates are on an upward trend, so take action now to protect yourself.

What can you do transform your finances and become financially free?

Are you struggling with money or the cost-of-living crisis?

To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home.

Claim your free Wealth Accelerator Discovery Call with me:

https://calendly.com/charleskelly/wealth-accelerator-discovery-call

#freetraining #business #money #savemoney #buytoletinvestor #propertyinvestor #mortgages #financialfreedom #economy #money  #buytolet #investing #property #houseprices #interestrates #inflation #wealth #taxcuts #kwasikwarteng

The Chancellor Kwasi Kwarteng has cut Stamp Duty for 200,000 homebuyers to stimulate the property market a day after the Bank of England (BoE) has raised the UK base interest rate from 1.75% to 2.25% to combat inflation and warning that the country “may” already be in recession. A recession is officially measured by two negative growth quarters, which has not yet been recorded.

The independent BoE move follows the Federal Reserve’s 0.75% hike this week.

UK borrowing costs are now at their highest levels since 2008 putting pressure on mortgage holders and the housing market.

The new rate rise alone could add up to £690 per annum or £57 per month to an average variable rate mortgage (on top of previous rate rises), although not all lenders follow the BoE base rates.

Watch video on YouTube - https://youtu.be/8d2RYNaV5jM

How high will interest rates go?

The Bank of England’s Monetary Policy Committee (MPC) meets in less than two week on 3 November and could be forced to raise rates again. The markets expects rates to rise to 4.5% by next year, which could push mortgage rates to over 7%, a level I have not seen for 20 years.

Now could be the time to get advice from a broker about fixing your mortgage rate for at least 3-5 years.

Stamp Duty Cut

· Threshold raised from £125,000 to £250,000.

· First-time buyer nil rate band lifted to £425,000.

· 200,000 people will be taken out of Stamp Duty tax altogether.

The April NI tax rise has been reversed saving employees and employers hundreds of pounds a year.

Income tax reduced to 19% from April 2023 giving back £170 to 31 million people.

Highest rate of 45% abolished.

All goo d news but more money is effectively being printed and the national debt increased or deferred, which means paper currency is being devalued.

Corporation tax rise cancelled.

Bad news for HMO Landlords

The government plans to introduce legislation to force landlords who include bills as part of the rent to “repay” the £400 rebate to the tenant!

What can you do transform your finances and become financially free?

Are you struggling with money or the cost-of-living crisis?

To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home.

Claim your free Wealth Accelerator Discovery Call with me:

https://calendly.com/charleskelly/wealth-accelerator-discovery-call

Following the Queen’s funeral, it is time to get back to the reality of the crisis we are facing in the UK.

UK interest rates set to rise again this week by the biggest margin in 33 years, as pound slides against the US dollar. Sterling has fallen to a 37 year low against the US dollar, the reserve currency of the world.

This means that the UK is paying 15-20% more for imports, such as oil, on top of all the other factors causing prices to rise at the fastest rate since the early 80s.

Watch VIDEO on my YouTube Channel – Charles Kelly Money Tips Podcast –

https://youtu.be/gisQN7FczPE

Expect to see more repossessions of homes and cars next year.

In my S.M.A.R.T money course, I always stress that borrowing to buy consumer goods - which go down in value - is a bad idea.

Now is the time to prepare for the economic winter ahead.

Get your house in order and fasten your seatbelts for a rough ride ahead.

When times are good, and borrowing is cheap everyone buys more on credit and the economy expends. But the cycle never lasts, as we cannot keep on borrowing and creating money out of thin air forever…It hasn’t worked in the past and it will not work now.

The party is over!

Inflation is running out of control, which means the central banks will have to tighten monetary policy and pull back the reins on the economy – slow down the economy causing a recession.

Now is the time to learn how to manage your money and prepare for the financial winter.

· Do you have any savings?

· Do you know how to invest or where to invest your money to build financial freedom?

· For how long could you pay your bills if you lost your job?

· Are you fed up struggling?

What can you do transform your finances and become financially free?

To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home.

Claim your free Wealth Accelerator Discovery Call with me:

https://calendly.com/charleskelly/wealth-accelerator-discovery-call

Is Buy-to-Let Property Rent Control Law A Serious Threat To Landlords And Tenants?

Landlords switching to holiday lets and SA (Serviced Accommodation) for less regulation and higher profits.

Rent controls will drive private landlords away, reduce inventory and increase rents for tenants.

World Banks say central bank interest rate hikes could cause a 2023 recession.

US Mortgage Rates hit 14-year high as Pound falls to 37-year low against US Dollar.

How will higher interest rates affect property prices, wider economy and stock market?

Watch video on Charles Kelly Money Tips YouTube channel = https://youtu.be/BmskS4YkTg8

Higher interest rates increase the cost of money or borrowing and has the effect of slowing down economic growth, profits and ultimately stocks and share prices.

Property prices are higher than a year ago, but the rate of price growth is slowing.

Corporate insolvencies have jumped in England and Wales, as economic conditions and inflation start to hurt businesses. A bell weather company, FedEx, saw its shares plunge after a profit warning linked to a gloomy economy.

When times are good, and borrowing is cheap everyone buys more on credit and the economy expends. But the cycle never lasts, as we cannot keep on borrowing and creating money out of thin air forever…

The party is over!

Inflation is running out of control, which means the central banks will have to tighten monetary policy and pull back the reins on the economy.

Now is the time to learn how to manage your money and prepare for the financial winter.

· Do you have any savings?

· Do you know how to invest or where to invest your money to build financial freedom?

· For how long could you pay your bills if you lost your job?

· Are you fed up struggling?

What can you do transform your finances and become financially free?

To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home.

Claim your free Wealth Accelerator Discovery Call with me:

https://calendly.com/charleskelly/wealth-accelerator-discovery-call

#freetraining #business #money #savemoney #buytoletinvestor #propertyinvestor #mortgages #secondincome #financialfreedom #economy #money #rentalproperty #buytolet #investing #property #houseprices #NRLA #rentalproperty #rentcontrol #inflation

Before I answer that question, what do you think? I’ve seen a lot of comments like this on social media and wanted to say a few words about one of her biggest contributions to the UK.

Leaving aside her support for over 600 charities, and numerous civic duties and constitutional duties which saw her work but over 70 years until almost the day she died, the Queen has made one huge contribution to the UK economy:

Tourism

Watch video on Charles Kelly Money Tips Podcast YouTube- https://youtu.be/SjcFc3KQOgs

The Queen and the royal family have attracted billions of pounds and millions of tourists over the years, and she’s still packing them in now. London is booming with visitors and hotels are full.

When her coffin was being driven from Balmoral to Edinburgh, use cameras in a helicopter followed the procession for the entire six-hour journey. Viewers were treated to the glorious beauty of the Scottish Highlands, villages and then Edinburgh. You cannot buy that sort of publicity.

Do you think Scotland will benefit from six hours of free publicity? Hell yes!

Prince Charles is a brand William and Kate are a brand and Harry and Megan have shown how are you can literally monetise the brand to the tune of millions of dollars.

Imagine if the Queen has gone down that road? I’m only saying this to illustrate the untold value of the royal band which goes back to UK PLC at large.

Hotels, restaurants, bars, shops, airports, taxi drivers, support staff and thousands of workers all benefit from tourism, which is one of the biggest industries in the UK. There is no doubt that the rules have contributed hugely to UK tourism and the wider economy.

How much is the Royal Family ‘brand’ worth?

In 2017, business insider.com estimated the royal family ‘s brand was worth £67 billion and said that the royal family contributes £2.4 billion to the UK economy every year.

What is world’s most valuable brand?

It used to be Coca-Cola but is now dominated by recently formed tech and Silicon Valley companies.

According to Kantar BrandZ the top 10 most valuable global brands are:

1. Apple

2. Google

3. Amazon

4. Microsoft

5. Tencent

6. McDonalds

7. Visa

8. Facebook

9. Alibaba

10. Louis Vuitton

Source: Kantar.com

The Apple brand is estimated to be worth nearly $1 trillion with Google and Amazon not far behind.

China has two companies in the top 10, Tencent and Alibaba, and the only non-US company is Louis Vuitton a French company.

What can you do to develop your own brand?

What can you do transform your finances and become financially free?

Are you fed up struggling?

To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home.

Check out my new trainingto help you get control of your finances and learn how to become financially free in 28 days!

Click to join: https://bit.ly/3isugCr

Claim your free Wealth Accelerator Discovery Call with me:

https://calendly.com/charleskelly/wealth-accelerator-discovery-call

New Government, New King – What Will This Mean To Property Investors?

In a momentous week the UK has witnessed a new incoming Prime Minster, Liz Truss, new government and team, change of housing minister and a new Head of State, King Charles III.

What does this mean for property investors?

Watch videoversion - https://youtu.be/eLnQ2gDWq08

Key Takeaways:

· Queen’s death Bank of England delays base interest rate decision on 22 September.

· UK interest rates were predicted to rise to 2.25%.

· Economy still in trouble, but Liz Truss in borrowing over £100 billion to pump more money in to boost jobs and growth.

· Massive infrastructure projects.

· Energy bills capped.

· Green levies halted.

· Move away from obsession with everything going ‘green’?

· HMO and SA landlords will be pleased to hear that bills are being capped.

· Will we see any changes to renters reform or legislation on EPCs?

· Mortgages are becoming more difficult to obtain and rates are going up.

· Investors looking to the north for higher yields – 7 to 10%.

In my book, Borrow and Grow Rich, I show you how the wealthy have used OPM (other people’s money) to create huge fortunes for centuries.

Borrow and Grow Rich is available now - https://www.amazon.co.uk/BORROW-GROW-RICH-USING-PEOPLES/dp/B09PHH7KK5/ref=sr_1_1?keywords=borrow+and+grow+rich&qid=1662904207&sr=8-1

What can you do transform your finances and become financially free?

To help you get through this and come out stronger at the other end I have accessed a new training webinar, which you can access right now from the comfort of your home.

FREE TRAINING – PROPERTY SECRETS FOR BEGINNERS!

This Beginner Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up.

Live training Wednesday at 7pm UK time.

CLICK TO JOINTHE LIVE ONLINE EVENT

https://bit.ly/3DlSlCL

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Energy Crisis - Government announce £150b package for bills to be capped at £2,500 for typical household

The new UK Prime Minister, Liz Truss, has announced plans in the commons today to limit energy bill rises for all households for two years to help millions of people falling into hardship this winter.

A typical household energy bill is to be capped at £2,500 annually until 2024.

Businesses will receive support for six months.

Watch videoversion on YouTube… https://youtu.be/0QN67xFYGN0

The huge support scheme could cost up to £150bn, although the total cost will depend on future wholesale fuel prices.

The energy price cap - the maximum amount suppliers are allowed to charge households for every unit of energy - was due to leap to £3,549 in October, a move which would have caused widespread fuel poverty.

Under the Liz Truss scheme, the government will compensate energy firms for the difference between the wholesale price for gas and electricity they pay and the amount they can charge customers.

The government will suspend green levies - which add £150 to bills each year - which the £2,500 cap accounts for.

A previously announced £400 energy bills discount for all households will go ahead. Taken together, the government said this "will bring costs close to where the energy price cap stands today".

Most people’s bills are still double where they were before the Russian invasion of Ukraine, but would have soared if the price cap was lifted again next month.

Why do so many people depend on government aid?

The majority of working people have no savings and live month-to-month throughout their lives.

Retirement planning is woefully inadequate which means millions of pensioners are dependent on the state to make ends meet.

According to the DWP report in August 2019:

· 20 million people claiming DWP benefits.

· Two thirds of benefit claimants, or 13 million, are of State Pension Age.

· The number of people receiving State Pension has fallen to 12.6 million partly due to the retirement age being pushed back.

What can you do transform your finances and become financially free?

To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home.

Check out my new training to help you get control of your finances and learn how to become financially free in 28 days!

Click to join: https://bit.ly/3isugCr

Claim your free Wealth Accelerator Discovery Call with me:

https://calendly.com/charleskelly/wealth-accelerator-discovery-call

#freetraining #inflation #business #money #savemoney #buytoletinvestor #propertyinvestor #mortgages #secondincome #financialfreedom #economy #money #rentalproperty #buytolet #investing #property #houseprices

Equity Release Lifetime Mortgages Explained By A Qualified Adviser

How you can release or take capital from your home using a lifetime mortgage equity release scheme.

Interview with Independent Equity Release expert, James Blair who explains the advantages pros and cons of drawing off capital from your home including:

· How much can you borrow?

· What are the interest rates?

· Do you have to make repayments?

· Is an equity release lifetime mortgage right for you?

· What happens when you die or go into long-term care?

Watch video - https://youtu.be/WGjhBSCTQvY

If you would like to find out more about releasing equity from your home or arrange a consultation, message me.

Check out my new training to help you get control of your financesand learn how to become financially free in 28 days!

Click to join: https://bit.ly/3isugCr

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