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

Interest Rates Will Rise In 2022 – Time To Fix Your Mortgage Rate?

Interest rates in the UK have already risen last year to 0.25% to curb soaring inflation, but rates may rise again as the cost of living continues to go up.

Are you prepared for interest rate hikes?

When will stock markets fall?

Will property prices go down?

People will always need somewhere to live and wealth, life expectancy and population has increased significantly over the last 50 years. China has taken a billion people out of poverty and become the second largest economy in the world.

Affordability and interest rates could slow the market down this year.

Property prices generally go up and sometimes fall for a few years, but in the long term they move in an upward trajectory.

If you have a low fixed rate and income, personal or rental, then you should be safe in the long term.

Crypto currencies have taken a hit in the last few weeks.

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. 

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 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 (https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss), which you can order on Amazon.

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

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be 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

Book now as spaces fill up fast...

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.

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.

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

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 ... 

FULL ARTICLE 

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!

How will you prosper in 2022?

What does 2022 have in store for you?

Some of you may not know, many will say that it depends on the economy, the government, Joe Biden or Boris Johnson.

The answer has less to do with the economy and more to do with your own economy, or what I call your U’conomy. Ask yourself these questions:

· What’s your plan?

· Have you written down your goals, dreams and plans?

· What action steps are you taking to make them happen?

· Where do you want to be in 1, 5 or 10 years?

The twenty first year of the twenty first century has been a year of firsts.

In the UK a few days before Christmas, the country was ‘spared’ a lockdown and yet another damaging closure of the hospitality industry. At the same time, Scotland and Wales are imposing post-Christmas restrictions, ruining New Year’s Eve trade, businesses in England are left in limbo unable to plan for the busy week ahead.

When will the party end?

My estimate is that 2022 will be the year when stock markets crash, and the chickens of massive debt come home to roost.

We have also seen 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 turkey, millions of people around the world are starving.

Please 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

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 Merry Christmas and a prosperous New Year!

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.

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.

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

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

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

High street retail has going through a tough time in recent years with hundreds of stores closing, but here’s why I think there is still a place for physical shops for many years to come.

Even with the rise of Amazon and other online retailers 85% of retail sales are still made offline. Over 20% of stores are not even fully engaged online.

In a strange twist, Amazon and other online retailer are opening offline stores in the high street and malls!

Apple has huge flagship stores in London and other major cities.

Online retailers Gymshark and The Fashion Bible are also set to open large flagship ‘bricks and mortar’ stores in prime retail space next year. Gymshark, which only started online ten years ago, is opening an 18,000 square foot store in London’s Regent Street, one of the most expensive and sought after retails real estate areas in the world.

See full article. https://moneytipsdaily.com/is-retail-on-the-high-street-dead/

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.

I cover financial education and money mindset in my book, 'Yes, Money Can Buy You Happiness", which you can order on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858

FREE PROPERTY WEBCLASS

8 DECEMBER

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Stock markets fell sharply across the world after the discovery of a new Covid variant which threatens the economic recovery as more restrictions are introduced.

London’s the FTSE 100 share index dropped by nearly 3%, while markets in Germany and France also declined following falls in Asia.

40 Year Fixed Rate Mortgage Launched

Kensington Mortgages launched a mortgage product with a rate that can be fixed for up to 40 years.

First-time-buyers in major UK cities like London may be forced to borrow more than 5 times the average salary to get on the housing ladder, as the affordability ratio soars.

Free No Money Down Property Masterclass Register Here- https://bit.ly/32qvuZY

Food Prices Will Rise

A global shortage of fertilisers is driving up food prices and leaving poorer countries facing crisis, says the boss of a major fertiliser firm, the BBC reports.

UK Car Industry Suffers Worst October In 65 Years

UK car production dropped by more than 40% last month to the lowest level recorded for October since 1956.

Net Migration To The UK Falls By 88% As Asylum Claims Reach 20-Year High

The UK recorded a major fall in net migration last year as figures show a huge reduction in the number of people arriving due to the Covid-19 pandemic and Brexit.

Net migration in the UK was 34,000 in 2020, compared with 217,000 the year before, analysis showed. The number of immigrants coming to the country more than halved to an estimated 268,000 in 2020, compared with 592,000 people the previous year.

27 migrants die in Channel as boat overturns off the coast of France

The migrant crisis continues as thousands of people enter the UK illegally despite this week’s tragedy. Asylum applications to the UK have reached their highest level since 2004, according to official estimates.

India to Ban Cryptocurrencies

As a number of major economies plan to launch digital currencies, India is set to follow China in banning Cryptocurrencies.

The ban will relate to all private cryptocurrencies with certain exceptions to allow the promotion of the underlying technology and its uses. Cryptocurrency prices dropped on Indian exchanges after the decision on the bill's future was announced.

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.

I cover financial education and money mindset in my book, 'Yes, Money Can Buy You Happiness", which you can order on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858

DISCOVER HOW THOUSANDS OF ORDINARY BRITS ARE QUIETLY GETTING RICH USING NONE OF THEIR OWN MONEY!

At the No Money Down Discovery we reveal the many ways you can create a job replacing income from property using none of your own money. Register here - https://bit.ly/32qvuZY

This year’s Legatum Prosperity Index finds that prosperity has plateaued for the second year running.

Scandinavian countries, Denmark, Norway, Sweden, topped the list again, with the UK slipping to 13th place behind Ireland despite being the 6th largest economy in the world.

The world’s biggest economy, the US, was ranked 20thand the number two economy China only ranked in 54th place, behind countries like Panama and Georgia.

Whilst the plateauing of prosperity has been caused — at least in part — by the health and economic consequences of the COVID-19 pandemic, it has also been driven by the concerning erosion of many of the core features that underpin prosperity. Specifically, we have seen an ongoing deterioration in Political Accountability and Freedom of Speech and Assembly in most regions of the world. We are calling this out as a key area of concern.

The Rise of Africa

We have seen prosperity stall for the second successive year in the world’s two most prosperous regions (North America and Western Europe), while in the least prosperous region (sub-Saharan Africa), it has improved for the 11th year in a row.

Full list and rankings: https://www.prosperity.com/rankings

Source: Legatum Institute

The cost of living in the UK rose at the highest rate in 10 years as the official inflation rate hit 4.2% this month – more than twice the Bank of England target rate.

Interest rates will rise in December or January after the central bank’s Monetary Policy Committee held the base rate this month.

Inflation is getting out of control around the world, party fuelled by rising commodity prices and money printing, and rate rises to control it could trigger another recession and stock market fall.

Markets are already jittery, but Gold and Cryptocurrencies have increased on inflation fears.

Joe Biden’s $1.7 Trillion spending plan has been passed by the US House of Representatives. The UK and Japan have also announced multi-billion spending sprees to revive their economies.

Amazon has stopped accepting payments Visa credit cards in the UK due to higher charges in a move which could see a payment system disruption.

Property prices eased last month, which is normal for the time of year, but China and the US continue to experience market falls.

Alibaba slumps by 10% on sales forecast warning.

Austria to make vaccines mandatory and going into full lockdown, BBC reports.

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.

I cover financial education and money mindset in my book, 'Yes, Money Can Buy You Happiness", which you can order on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858

If you would like to learn more about investing and managing your money, passive income, property investing and become financially free without working any harder, watch this free on demand training.

I will give you 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

An estimated 1,000 migrants illegally crossed into the UK on Thursday as the government warns the number of people departing from France with a “bon voyage” message form officials is "unacceptable".

The figure could be the highest ever daily total of migrant crossings into Britain. The previous record for the number of migrants arriving in the UK aboard small boats in a single day is 853, set on 3 November.

As we come into the winter season and rougher seas, at least two people have died while trying to attempt the perilous journey and several more have been feared to be lost at sea.

More than 22,300 people have made it to UK shores this year, more than double the number for the whole of 2020.

The situation is getting worse despite the government paying France £54m to increase immigration controls.

French officials have been accused of helping migrants being illegally trafficked across treacherous waters in small to make it to the UK.

Meanwhile, thousands of Syrian and other Middle Eastern refugees are camped in Belarus on the Polish border having unsuccessfully attempted to enter Poland, a gateway to the European Union.

Polish immigration guards and thousands of troops are preventing what they say is a Russian sponsored invasion design to destabilise the EU.

In an interview with RT News, one Syrian family said they made the journey, organised by a ‘travel agent’, via Turkey where they spent a lot of money obtaining visas to enter Belarus with a view to crossing the border into Poland. They added that many of their relatives had previously made the trip and were in Germany.

A combination of climate change and the destruction of economies in Syria and Iraq has prompted millions of people to effectively force their way into the West by marching across Europe. They have given up on the usual legal means of applying for asylum or migrating to more prosperous countries.

The crisis will escalate as word spreads through the internet that nobody gets sent back once they arrive in places like the UK.

See also:

Interest Rates Held At 0.1% But Will Rise Soon

9 Habits To Develop Extreme Productivity

Buy-to-Let Property Demand Down 60% Says London Estate Agent As Chinese Buyers Dry Up - https://youtu.be/4RLroedmkX4

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.

I cover financial education and money mindset in my book, 'Yes, Money Can Buy You Happiness", which you can order on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858

If you would like to learn more about investing and managing your money, property investing and become 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