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

Has The Property Market Crash Started?

In this episode:

Market slowdown has already started in UK and US.

Sales activity slowing as mortgage rates soar.

Property slowdown usually follows a stock market fall, which has happened.

Affordability at record high

Average UK salary - £31,772 (2021)

Average UK house price £278,000 (March 2022)

278,000/31772 = 8.75 x average salary to buy an average property in the UK

Inflation over 8% in US and Eurozone, which means higher interest rates.

Higher rates could crash the already weakened economy.

How will UK market react?

A 20% drop in prices will still only leave us to the market was in 2020.

Buying and selling at auction – UK Property Talk

JOIN ME FOR UK PROPERTY TALK SAT 4 June 2022 10AM

Buying and Selling at Auctions – click here to register

https://contexttraining.aweb.page/p/c1e369d0-56b1-45a3-8264-0c0a7e875d23

FREE TRAINING – PROPERTY INVESTING SECRETS

This Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you 120 minutes of 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 8 June 2022 at 7pm UK time.

CLICK TO JOIN THE LIVE ONLINE EVENT

https://bit.ly/3DlSlCL

How To Solve The Energy Crisis At A Stroke

Soaring oil and gas prices are crippling western economies and ordinary people are suffering. But there is a way western leaders can end the energy crisis in an instant…watch video.

Check out full video - https://youtu.be/t-yniGn_SKA

ECB Warns Of Housing Market Bubble

The European Central Bank has warned this week that a housing market correction – caused by faltering economies, inflation and the Ukraine war – could put banks at risk of defaults and hit low-income families.

Windfall tax to help people with fuel bills announced

In the UK, Chancellor Rishi Sunak has announced a £5 billion package to ease the burden on soaring energy bills for millions of households. The aid will be funded by a controversial ‘windfall tax’ on energy companies which have profited from record oil and gas prices.

Every household will receive £400 through their energy bills and the poorest will also receive £650 to help with the rising cost of living.

FREE TRAINING – PROPERTY INVESTING SECRETS

This Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you 120 minutes of 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 1 June 2022 at 7pm UK time.

CLICK TO JOINTHE LIVE ONLINE EVENT

https://bit.ly/3DlSlCL

JOIN ME FOR UK PROPERTY TALK SAT 28 MAY 2022 10AM

Number of rental properties growing in the UK – click here to register

New research shows the number of UK rental properties has grown by over 1.1m in the last decade, placing the UK in the top 10 globally when it comes to the balance between homeownership and renting.

Register - https://contexttraining.aweb.page/p/c1e369d0-56b1-45a3-8264-0c0a7e875d23

Global share prices experienced sharp falls in UK, US and Asia as rising prices and slowing economies spook investors.

On Wednesday, US shares recorded the biggest one-day drop in two years since the start of the pandemic.

The NASDAQ plummeted 4.7% and has opened down again continuing a longer-term decline – down 18% YTD and the DOW JONES declined 14% since the start of 2022.

It’s not only tec stocks being sold off. Blue chips, like Unilever and Tesco’s, have also dropped by 4.4% and 5% respectively. The biggest Faller on the UK market was Royal mail plummeted 12%. The UK FTSE 100 index fell 150 points today.

Inflation

Inflation is eating away at your savings as well as costing you more to live. The buying power of your money in the bank is falling by around 10% every year, which means that £1000 will be worth just £900 next year.

In other words, in 12 months’ time your £1000 will buy you the equivalent of £900 of the same goods. In the meantime, the price of those goods are going up by 10%.

If inflation figures were calculated in the same way as they were previously headline rate would be double today’s official rate.

Main points:

· Retail prices index rising by 13% pa and includes the price of all goods excluding property costs – which have gone up massively.

· Manufacturers price rises rising by over 15% pa.

· Commodities, such as oil, wheat, fertiliser and animal feed have gone up by 50% to 100% in some cases.

· The war is not causing inflation, sanctions are.

· UK economy fell in April by 0.1%.

· US economy declines for first time since 2020.

What can you do to protect yourself and your family?

UK Property Talk Show 10AM Saturday.

Click link to join: - https://bit.ly/3sjxRa1

How can you not only protect your savings against inflation but also increase the value of your money!

Invest in real assets which appreciate in value over time, such as property and shares in profitable businesses.

Join me on UK Property Talk to discuss this and other property matters this Saturday at 10 am.

Click here to register for UK Property Talk - https://bit.ly/3sjxRa1

Trouble Ahead For UK Landlords As Section 21 ‘No Fault Evictions Will Be Abolished

In this episode:

· Renters Reform Bill announced in Parliament.

· Planning reform

· Property prices

· Demand has jumped for properties where all the bills are included in the rent, according to Rightmove.

· The property website said inquiries for build-to-rent homes with bills included had risen by 36% over the past year.

· It comes as two students had to pay £27,000 up front to secure a Cardiff flat, due to rental market demand.

· The Welsh government plans to consult on rent control for private rentals.

· Rents are rising at the fastest rate for more than 13 years, according to property experts Zoopla. They said this is because of limited supply, caused by an "exodus" of private landlords.

· Last month, Wales had the biggest annual jump in rental prices outside of London - up 13.9% to £882 per month according to Rightmove.

UK Property Talk Show 10AM Saturday.

Click link to join: - https://bit.ly/3sjxRa1

UK Economy dips last month following US quarterly fall in output.

The vast majority of 'buy-to-let' landlords are small investors with one or two properties, and many are accidental landlords. Landlords I have spoken to said they would pull out of the market if 'open tenancies' were forced upon them and would be too nervous to rent out a property to a tenant were they would not be sure about getting back possession at the end of the tenancy.

Join me on UK Property Talk to discuss this and other property matters this Saturday at 10 am.

Click here to register for UK Property Talk - https://bit.ly/3sjxRa1

You will be sent a link to join this exclusive live event.

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

The 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.

Watch video version – Click here https://youtu.be/ccHYLfMXBwA

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!

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!

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The 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.

Watch video version

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!

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!

Secure your seat now!

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.

Watch video version.

Economy is in winter season right now but…winters don’t last forever!

· Bulk buy non-perishable consumer goodsand 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

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!

Secure your seat now!

Join me LIVE…

The 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

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 Wealth Discovery Accelerator Call.  - https://calendly.com/charleskelly/wealth-accelerator-discovery-call

I will personally speak to you to help you accelerate your wealth building journey. Click HERE to schedule a call with me.

UK house prises continue to rise due to a shortage of family homes, the Halifax reports

Despite the worst recession since the second world war, the price of the average home in the UK has rocketed by £43,577 since the start of the first lockdown two years ago, the Halifax has said.

The UK’s biggest mortgage lender said the 18.2% rise increased the cost of an average home to £282,753.

Buyers seeking more space saw a 21% rise in the price of detached homes compared with a 11% rise in flat prices over the same period.

Higher mortgage rates will start to reduce buyer affordability and the amount people can borrow, which may dampen prices.

Increased living costs will inevitably affect how much first-time buyers can save, borrow and spend on a property.

As we enter the traditional springtime buyer activity season, estate agents are already reporting continued demand and a shortage of larger family houses, which means sellers can obtained higher prices.

Funeral plan provider goes bust – what do you now if you have a prepaid plan?

Following the recent utility providers bankruptcies, another inflation-led disaster is brewing in the funeral industry. Safe Hands, a UK ‘prepaid funeral plan’ provider, has collapsed into administration, leaving thousands of customers worried about what to do now, plus many others concerned that other companies will follow suit amid soaring costs and inflation.

Insurance vs Prepaid Funeral Plans

Full article

Other Financial News

NI tax rises kick in, most employers and employees will pay an extra 1.25p in the pound, but lower paid will pay less due to recent threshold changes in Rishi Sunak’s budget.

Economic winter

The economy is in winter, but winters are tough but they never last forever. Like the farmer who prepares for the next season’s work, now is the time get ready and come out even stronger when the recession ends.

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.

To help you get through this and come out stronger at the other end I am offering subscribers a Free Wealth Discovery Accelerator Call.

Are Your Learned Limiting Beliefs Holding You Back?

Many of us have baggage that we carry around throughout our lives like a camel.

Most of these limiting beliefs or fixed ideas are things that we have learnedthrough experience from people or events in our lives. Some of these come from a parents, friends, lovers, teachers and so on.

Watch video version.

Unfortunately, many of these beliefs are negative. They have not come from successful, positive people, but usually from unsuccessful, negative people that we encounter in our lives.

We carry these beliefs around like backpacks which weighs us down throughout our lives.

We drag them into new relationships and expect people to accommodate us and our emotional baggage.

Examples of these beliefs could be:

· I don’t trust men, I don’t trust women

· Rich people are greedy crooks or evil

· Money is the root of all evil or is bad for us

· People who are nice to us want something in return.

· People of a certain race, age or gender are this way or that way

Learned beliefs are deeply ingrained into our minds like a default setting, which you can replace with a new setting.

We will continue to carry beliefs around and unless we deal with them they will slow us down for the rest of our lives.

Instead of taking the ‘beliefs backpack’ off of our backs and mentally throwing on a virtual fire, we expect people to “deal with it” because “this how I am” so “take it or leave it”!

There are many books, techniques and guided meditations available to help you unblock or get rid of limiting beliefs.

Find something that works best for you and helps free you from any beliefs which are holding you back.

Economic winter

The economy is in winter, but winters are tough but they never last forever. Like the farmer who prepares for the next season’s work, now is the time get ready and come out even stronger when the recession ends.

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