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

Cost Of A Comfortable Retirement Reaches £50,000 A Year For A Couple

A study shows that a couple retiring in the UK will need £49,700 per year to live comfortably, an increase of £2,200.

The Pensions and Lifetime Savings Association (PLSA) estimates that a “comfortable” retirement will include two cars, replacing items like a kitchen every 10-15 years, holidays abroad and £94 per week (Waitrose/M&S) for food shopping.

You could get by on a “moderate” retirement on £30,600 per annum and a “minimum” existence with just £16,700 and a food bill of £67 per week (Lidl/Aldi).

With the return of higher inflation, many retired people struggle to meet the rising cost of food, fuel and council tax, let alone home maintenance and overseas trips or cruises in the sun.

Many resort to the booming “equity release mortgage” industry to give them a lifetime re-mortgage on their home to help make ends meet.

How much do you need in cash to provide an annuity pension of £50,000 per year?

What is an annuity?

Are there alternative options?

Financial education 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.

Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy and how some lose it all - Yes Money Can Buy You Happiness.

We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free!

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...

#interestrates #buytoletproperty #property #stockmarketcrash #inflation #financialeducation #freetraining #pension #annuity #retirement #mortgage #lifetimemortgage #equityrelease

Stock Market Correction Warning By The Bank Of England

Financial markets and stocks and hares could see a “sharp downturn” if investors start to reconsider the prospects of economic recovery from the lockdown amid supply problems, rising prices and a spending squeeze, the Bank of England predicts.

The UK’s central bank's financial policy committee (FPC) warned of a “correction”, defined as a drop of at least 10% in the price of a share from its most recent peak. The bank has seen signs of increased risk-taking at investment banks – the people who get paid huge sums to play with other people’s money at the stock market casino!

Stock indexes around the world have hit record levels this year, from a crash in 2020, as investors bet on a strong economic bounce back from the pandemic.

However, worrying levels of inflation have returned to the UK, US and Germany sparking fears that growth could be stunted in the face of supply chain bottlenecks, soaring wholesale natural gas prices and skills shortages.

In the UK, millions of households and businesses are facing a long winter of discontent from a cut in benefits and state support combined with a surge in energy prices not seen since the 1970’s Arab oil crisis which sent economies across the globe into recession.

The Bank is also concerned that higher borrowing during the public health emergency has likely put more businesses at risk.

It said: "The increase in debt - though moderate in aggregate - has likely led to increases in the number and scale of more vulnerable businesses.

"As the economy recovers and government support, including restrictions on winding up orders, falls away, business insolvencies are expected to increase from historically low levels."

Around 1.7 million companies borrowed money under emergency loan schemes, like the bounce back loans, that were launched last year.

Many of them were very small companies without high debt, but desperately needed of cash to avoid immediate collapse. Source Sky News.

China’s debt and real estate bubble has not gone away, with Evergrande and Fantasia expected to default on more upcoming debt repayments.

How can you protect yourself and profit from a stock market or property crash?

Even if you do not directly invest in the stock market or property your pension fund manger may be doing so on your behalf.

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...

#evergrande #chinacrisis #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #evergrande #chinapropertybubble #pension #drivershortage #bankofengland

Business leaders have accused the British government of putting the blame on them for the supply chain and staffing crisis in the UK. They want the government to allow more immigration to plug the one million job recruitment gap.

But in his speech to the Conservative Party, Boris Johnson said a high-wage, high-skilled economy was being created in the wake of Brexit and the pandemic and that the country cannot keep relying on immigration.

In response, Federation of Small Businesses (FSB) national chair Mike Cherry said that the prime minister's vision did not "match the current lived realities of small businesses and sole traders".

Earlier this week, Lord Wolfson, the boss of the retailer Next and a Conversative Peer, said that overseas workers were the only way to solver labour shortages.

Current UK staff shortages include:

· Lorry drivers

· Care workers

· Hospitality staff

· Agricultural and food processing workers

The government, which has fast-tracked 10,000 visas for European drivers and agricultural workers, wants an end to low skilled immigration following Brexit and the end of EU free movement of labour in the UK. The UK has also granted around 5.4 million EU citizens the right to stay in the country.

See full article: https://youtu.be/HS1q_9lL2yI

Higher inflation is good news for investors holding assets such as property and stocks which have reach record levels.

Warning bells for Chinese property bubble

Investors are still piling into high priced stocks and properties like the party’s never going to end! Remind you of anything?

This week, another Chinese property company, appropriately named Fantasia Holdings, defaulted on interest payments following the Evergrande debt crisis. Could this be the tip of the iceberg and the next property and debt bubble?

If China goes down, it will take the rest of the world with it!

If you not worried because you don’t invest in stocks and shares or property, look at your pension fund.

There has never been a better time to stay informed and educate yourself on financial matters.

The KEY to building and KEEPING wealth is financial education.

Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy and how some lose it all - Yes Money Can Buy You Happiness.

We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free!

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...

As a second property giant fails to pay debt interest investors fear a property collapse in China’s real estate bubble.

On Monday, a Chinese developer of luxury apartments Fantasia missed a $315 million payments to lenders, sparking fears that financial strains in the country's overheated property sector are spreading beyond the troubled Evergrande’s troubles.

Other Business News

Johnson Promises Wage Boost.

In a speech to the Conservative Party Conference in Manchester, Prime Minister Boris Johnson wants to end the UK’s “low wage economy” fuelled by “uncontrolled immigration”.

Gas Prices Fall After Putin Boosts Production.

UK wholesale gas prices dropped after hitting a record high after Russia announced a boost in supplies to Europe. Russia President Vladimir Putin calmed the market after gas prices had risen by 37% in 24 hours to trade at 400p per therm on Wednesday. The price fall will be welcome news to millions of British consumers facing record energy prices this winter.

Consumer Price Rise Highest In 25 Years.

Inflation fears as prices rise across the world, sparking fears of hyper-inflation caused by unprecedented money printing. Markets are predicting 6% inflation leading to ‘stagflation’.

Facebook Restores Service After This Week’s Outage.

How did the social media downtime affect you?

How much time do you spend on social media?

Some people admit to more than 10 hours a day screentime, which you can check on most smartphones.

If you are just using social media for entertainment, could you use your time more effectively?

Can you make money on social media?

YES! We can all learn to not only how to use social media,

but also how to make money on social media…

"Stop Wasting Time On Social Media And Start Making Money Instead"

You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing.

In this FREE webclass you're going to see:

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· How to​ get a product to sell if you don't have one already and... how to get it for nothing.

· The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media."

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Facebook And WhatsApp Went Down Yesterday – How Do We Manage Without Social Media?

Have the global population are now on one of Facebook’s platforms.

How much time do you spend on social media?

Can you make money on social media?

I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t mean us oldies can’t get in on the act!

We can all learn to not only how to use social media,

but also how to make money on social media…

"Stop Wasting Time On Social Media And Start Making Money Instead"

You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing.

In this FREE webclass you're going to see:

· How to​ use the time you're already spending on the internet to build a digital business in your spare time.

· How to​ get a product to sell if you don't have one already and... how to get it for nothing.

· The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media."

You'll discover all this and more when you watch the webclass below.

I'M READY TO WATCH THE FREE TRAINING NOW!

WATCH THIS TRAINING IF:

· You own a business.

· You want to own a business without quitting your job yet.

· You are serious about building a profitable online business.

· You're tired of wasting time on social media and want to make money instead.

· "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise).

I'M READY TO WATCH THE FREE TRAINING NOW!

CLICK HERE TO WATCH https://bit.ly/38rzLvZ

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#socialmediamarketing #makemoneyonline #WhatsApp #Facebook

Job Furlough Scheme Ends For A Million Workers In UK

What is their fate?

Highlights:

· 1 million job vacancies in UK

· Reed Employment website is advertising 300,000 job vacancies

· 100,000 lorry drivers needed in UK

· 500,000 agricultural and food worker jobs vacant

Do you want to be dependant on someone else to pay you money to live?

New ‘world order’ is here – wake up!

Millions of jobs done by humans will be replaced by machines in the next few years.

The world of business has changed forever and unless you adapt your business will decline.

What can you do to take advantage of the changes rather than hoping things will go back to ‘normal’ again? They won’t.

The biggest revolution is the explosion in online trading and social media marketing.

Businesses which have adapted have boomed while others are no longer in business.

Can you make money on social media?

I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t mean us oldies can’t get in on the act!

We can all learn to not only how to use social media,

but also how to make money on social media…

"Stop Wasting Time On Social Media And Start Making Money Instead"

You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing.

In this FREE webclass you're going to see:

· How to​ use the time you're already spending on the internet to build a digital business in your spare time.

· How to​ get a product to sell if you don't have one already and... how to get it for nothing.

· The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media."

You'll discover all this and more when you watch the webclass below.

I'M READY TO WATCH THE FREE TRAINING NOW!

WATCH THIS TRAINING IF:

· You own a business.

· You want to own a business without quitting your job yet.

· You are serious about building a profitable online business.

· You're tired of wasting time on social media and want to make money instead.

· "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise).

I'M READY TO WATCH THE FREE TRAINING NOW!

CLICK HERE TO WATCH https://bit.ly/38rzLvZ

Spots Fill Up Fast - Limited Seats Available!

#socialmediamarketing #makemoneyonline #jobs #jobvacancies #furlough

Buy-To-Let Landlords In The UK Must Do This…

The NRLA support landlords with advice and backup.

For a very reasonable membership fee the NRLA gives you:

1. Landlord meetings

2. National conference

3. Magazine

4. Advice and legal legal support

For more information visit the NRLA website: https://www.nrla.org.uk/

Evergrande sells assets to cut debt. Shares rise 15%.

The key to any investing is education or knowledge, something you were not taught in school!

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Join A Free Property Event

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10,000 Visas For Drivers And Poultry Workers Will Not Solve Food And Fuel Shortages

The government’s widely anticipated emergency programme to issue temporary visas to up to 5,000 lorry drivers is not enough to fix Britain’s food and fuel supply-chain crisis and is unlikely to attract workers to the UK, haulage chiefs have warned.

Ministers on Sunday announced rushed plans to add 5,000 HGV drivers and 5,500 poultry workers to a visa scheme until Christmas.

Marco Digioia, the head of the European Road Haulers Association representing more than 200,000 trucking companies across the continent, told the Observer that “much more would be needed” than a temporary relaxation of immigration rules. “There is a driver shortage across Europe,” he said. “I am not sure how many would want to go to the UK.”

With staff shortages in other EU countries, such as Germany, attracting people to come and work in the UK for three months will prove a challenge.

The temporary work permit scheme will not resolve the estimated UK shortage of around 100,000 drivers. Setting up the visa scheme and recruit and training and approving the drivers could take several weeks, if not months, and there is also a shortage of 400,000 drivers in Europe.

The government ruled out deploying HGV driver from the Armed services, which would have provided immediate relief.

Although there are over a million people unemployed in the UK, most will not be licensed to drive heavy goods vehicles. More funding is needed to provide training and support to recruit staff locally.

There are 5 million people on universal credit benefit and 600,000 still on the job retention furlough scheme until the end of September – employers are paid by taxpayers to have staff sitting at home months after the economy has reopened.

Would you like to learn more about property investing?

Free Property Event

Live Online Property Networking Meeting Sunday 3 October 7PM

Ministers will confirm on Sunday that 5000 temporary UK working visas will be issued to foreign lorry drivers to help fill job vacancies which are causing fuel and food shortages.

It is understood that the scheme will run for three months and be capped at 5000 visas. Some will see this as a U-turn for the government’s Brexit principle of controlling our borders and cutting immigration to boost jobs and pay for British workers.

Watch Video - https://youtu.be/3bPaG_Y7WN8

New ‘world order’ is here – wake up!

The world of business has changed forever and unless you adapt your business will decline.

What can you do to take advantage of the changes rather than hoping things will go back to ‘normal’ again? They won’t.

The first step to building wealth and turning your finances around is financial education.

Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy and how some lose it all - Yes Money Can Buy You Happiness.

We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free!

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 AM READY TO WATCH THE FREE TRAINING NOW – CLICK HERE https://bit.ly/3wLWqx2

Most people spend their lives working hard but still struggling with money because they don’t know the basic secrets of managing money.

I will show you how you can IMMEDIATELY improve your financial situation and completely transform your life in 28 days.

I AM READY TO WATCH THE FREE TRAINING NOW – CLICK HERE https://bit.ly/3wLWqx2

Watch this training if:

· You want financial freedom without working any harder

· You want to turn your finances around in 28 days or less

· You always struggle with money despite working hard

· You would like to make your money work hard for you instead of working hard for money

I AM READY TO WATCH THE FREE TRAINING NOW – CLICK HERE https://bit.ly/3wLWqx2

As a bonus, I will give a special free gift which can help you to immediately transform your finances when you attend the FREE online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2

Book now as spaces fill up fast...

Almost half of new UK mortgages are being made to borrowers who will not have paid off their loans by age 65, according to the trade association, UK Finance.

Longer and lifetime mortgages are part of a growing trend towards people ending their lives in debt to the banks. This compares to a third of borrowers in 2014.

Lifetime mortgages or equity release have become more popular in the last decade after soaring property values have encouraged people seek to pull cash from their homes. More lenders have entered the market and advertise heavily on daytime TV.

Equity release loans can be used to help provide children and grandchildren with a deposit on their first home, supplement pensions or mitigate inheritance tax by reducing the value of the estate left on death.

As a former financial adviser, I met people who lived in mortgage-free valuable homes which they could not afford to maintain or heat.

I also met borrowers who did not know the difference between an interest-only and repayment mortgage. They did not realise that their loan would not be paid off and that they were only paying interest and not capital.

Lenders can demand full repayment of the loan at the end of the mortgage and are not obliged to extend the term.

You should get independent advice if you are interested in releasing equity – borrowing - from your home.

The Bank of England has held base interest rates at 0.1% despite forecasting 4% inflation by the year end. However, the market expects rates to rise in early 2022.

Other articles:

Property Sales Up 32% In August

Free Property event

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Master your property investor networking skills as the world moves back to normal! Discover how to create and develop relationships in the property world and maximise your portfolio.

In today’s marketplace, businesses that are operating in the same industry are classed as competitors. But in the world of property, it is the complete opposite.

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