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

Welcome To The Course, Mastering Money The S.M.A.R.T Way Without Working Any Harder!

Lesson #1

Introduction And Course Overview

Do you struggle with money?

Do you worry about money?

Do you have arguments with your partner over money issues?

Do you have loans or credit card debt and struggle to keep up the payments?

If you have answered “yes” to any of the above questions, this is definitelythe course for you.

How To Master Your Money The S.M.A.R.T Way

Congratulations on taking the first step to taking back control of your finances and life!

Full text see - https://homebasedbusinessideasuk.blogspot.com/2021/07/exclusive-free-training-for-my-money.html

Action Steps

Starting today, make it your business to become a SMART MONEY MANAGER and you will start to see your fortunes turn around and you will find peace of mind. In fact, 99% of your money worries will evaporate, because the root of everyone’s financial worries can be traced to the following 5 SMART rules.

SMART MONEY MANAGERS:

S. Spend wisely and avoid expensive consumer debt

M. Manage and respect their money, making informed investment decisions.

A. Accumulate wealth over time taking the long-term perspective

R. Review their finances on a regular basis and make appropriate changes

T. Track their income and expenditure on a daily or weekly basis

Thank you for listening. In the next lesson, we will go into spending wisely and how to avoid expensive consumer debt.

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UK inflation reached the highest level since August 2018 prompting a drop in share prices as investors looked for the safety of gold.

The price of gold was up this week following the latest UK inflation figures, which saw CPI rise to 2.5%. Despite the pound's recent strength, gold climbed to £1,311.59 per ounce.

Elsewhere, stock markets are subdued following the news, with the FTSE 100 down 0.46% at 7092 points, Spain's IBEX 35 down 0.26%, and the Shanghai Composite down 1.07%.

The data, from the Office for National Statistics, repeats what has been said for the past few months now: inflation is rising as food, clothing, fuel, and second-hand cars are all costing more. The Land Registry group also confirms that house prices are up 10% year-on-year, putting the average property value at £254,624; less than £1,500 off March's all-time record of £256,000.

What does this mean for the economy?

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Watch this free on demand trainingnow to learn how to become financially free without working any harder.

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Do women marry for money? Absolutely!

Women say things like, “I’m looking for a man with a sense of humour who can make me laugh and go for walks in the park…” That’s a bunch of baloney!

The majority of women really want someone who is a good provider who can give her and future children financial security.

I’m offering a free Wealth Accelerator discovery coaching call to three people this week - CLICK HERE TO BOOK YOUR FREE CALL https://bit.ly/3zJ21GY

If you’ve ever watched a David Attenborough documentary, you’ll know that in the animal kingdom, the female of the species wants to mate with the leader of the pack, the strongest male to give them security and protect them make their offspring. It’s animal instinct. In the modern world, we forget how much our animal instincts still plays a part.

In Asian cultures women absolutely marry for money and security. Even in the UK, many Indian family marriages are still arranged according to financial status, class, occupation and career prospects. In short, it is about money!

See full article.

Remember this old saying:

When money stops coming through the door, love goes out the window.

Let me know your views in the comments.

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UK House prices dropped by 0.5% in June just as the long stamp duty holiday began to be phased out, according to the Halifax.

Annual property prices still rose 8.8%, resulting in average prices more than £21,000 higher, which is more than most people saved on stamp duty in the mad scramble to buy a home. The average price of a UK property according to the lender is now £260,358.

The Government removed the need to pay stamp duty on some properties for much of the pandemic in a bid to stimulate the market in England, Wales and Northern Ireland.

The move worked, but critics argue that it caused price inflation and could created a property bubble if demand falls.

Mortgage lenders, like the Halifax and Nationwide, long with estate agents are confident that, "The power of home movers to drive the market won't fade entirely as the economy recovers”.

Demand remains high among buyers seeking larger family homes with the average price of a detached property climbing faster than any other type over the past 12 months - shooting up by more than 10% or almost £47,000 in cash terms.

Detached homes now cost on average more than half a million pounds, £200,000 more expensive than the typical semi-detached house.

Double tax on holiday homes

A Welsh local authority plans to double council tax on second homes in order to deter the growing number of English buyers snapping up seaside holiday homes on the coast of Wales.

Owners of holiday homes and empty properties in Gwynedd will be hit with double council tax from next month after Councillors backed the increase in premium from the current 50%. The tax could raise an extra £3m a year for social housing.

More than one in ten houses in Gwynedd was now classed as a second home.

Councillors in the larger city of Swansea are planning a similar tax hike.

Buyers, presumably priced out of the more expensive Devon and Cornwall, have been buying up properties in Welsh beauty spots. The effect of this prices locals out of the market and destroys local village life where properties are only used at weekends.

Councils have powers to increases local taxes on empty properties and second homes.

Cheap money also fuelling the bubble?

There is a buy-to-let mortgage available through the NRLA offering a 2 year fixed rate of 1.25%, with free legal fees and a £250 cashback! You could borrow a million pound on interest only and the mortgage payment would be just over £1000 per month. You couldn’t rent a million-pound home for that.

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Two Deadlines End 30 June - How Will They Affect You?

· Stamp Duty holiday ends, long live tax on property buyers!

· Wednesday 30 June is the deadline for most European Union (EU) citizens to apply to live permanently in the UK as settled residents.

The Stamp Duty exemption for homebuyers paying tax on properties which cost £250,000 or less is coming to an end, much to my solicitor’s relief! He will need a real holiday!

Wales temporarily raised its threshold for land transaction tax (LTT) during the pandemic from £180,000 to £250,000, in line with other UK governments.

The exemption, originally to March 2021, was extended to 30 June.

Some homebuyers have saved thousands by completing sales within the deadline, but others are set to miss out for various reasons including legal or mortgage delays.

From 1 July, stamp duty will be charged above £250,000 at the following rates:

· £0-£250,000 = 0%

· £250,001-£925,000 = 5%

· £925,001-£1,500,000 = 10%

· £1,500,000+ = 12%

On 1 October 2021, rates are due to return to normal. That means the point you to start paying stamp duty will revert to £125,001:

· £0-£125,000 = 0%

· £125,001-£250,000 = 2%

· £250,001-£925,000 = 5%

· £925,000-£1,500,000 = 10%

· £1,500,000+ = 12%

You can use the government's Stamp Duty Land Tax (SDLT) calculator to find out how much you would pay.

Will there be a slump in the market? 

Whenever there has been a boom...

EU Settlement Scheme Deadline

The take-up of the European Union Settlement Scheme (EUSS) has been huge - but there are serious concerns that thousands of people have still not sought to register. Anyone who is not registered loses their legal right to live in the UK.

What is the EU Settlement Scheme?

The EUSS was launched in March 2019 to register EU citizens as settled residents in the UK.

This is a follow-on from Brexit, which ended freedom of movement and the right of people from the EU to come to the UK - and for UK citizens to go the other way.

More details - https://how2cometotheuk.blogspot.com/2021/06/eu-settlement-deadline-30-june-2021-how.html

See full article.

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Action Fraud figures show that victims of investment fraud lost at least £657m in 2020, as scammers preyed on financial vulnerability caused by the coronavirus pandemic.

There are different types of investment fraud, the most common involve shares, bonds, cryptocurrency and commodities such as wine, fine art and diamonds. Fraudsters contact you unexpectedly, promise generous returns and may say that the opportunity is time limited. They downplay the risks to your money. They call you repeatedly and keep you on the phone a long time in order to build your trust, stop you speaking to other people or having time to think about the offer. FULL ARTICLE

Report all scams online to www.actionfraud.police.uk or call 0300 123 2040 giving as much information as possible.

Financial education and literacy is not taught in schools, which is why most people are in the dark when it comes to personal finance and are forced to rely on financial advisers.

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In March 2021 Artnet News reported the sale of a piece of NFT digital art by Beeple’s which sold for $69 million at Christie’s auction. The artist, whose real name is Mike Winkelmann, jumped to number three on the list of most expensive living artists at auction.

An NFT, or Non-Fungible Token, is a type of digital asset, like a representation of piece of physical art or music, that you can own and trade, typically for between $40 and $200. A fungible asset in economic terms contains units that can be readily interchanged - like money. A non-fungible asset is a unique one-of-a-kind asset, like a work of art.

NFTs are bought and sold online, often with cryptocurrency, and they are encoded with the same underlying blockchain software technology as many cryptos.

So why would anyone want to own a digital asset, effectively a photograph of a piece of art, when they could take a photograph themselves?

Firstly, this new creative enterprise goes far beyond owning a photo of a painting. And let’s face it, millions of people buy prints, which are copies of original art, to hang on their wall.

Entrepreneur and influencer Gary Vaynerchuk said NFTs and the blockchain technology around them as something that will influence everything we do on the Internet.

Gary compares blockchain technology to the early stages of the internet when people thought that it was just a search engine or an online encyclopaedia.

I remember about 15 years ago reading an interview with Lord Sugar, who made his fortune manufacturing Amstrad computers, describing ordering something online as a waste of time and commenting that it would be quicker to go to the shop and buy it!

In the future, Gary predicts people will carry around digital wallet containing digital assets, ID and personal records and currency.

One wonders how many people will be left behind by the pace of change. Governments are concerned about the number older and poorer people unable to access essential services because they are not online or do not own a smart phone.

With the growing demise of the traditional High Street travel agent, it will soon be difficult to book a fight unless you have internet access.

Banks are trying to phase out cash and Sweden is one of the first countries to move towards a cashless society. Central Bank Digital Currencies (CBDCs) are already being planned in major countries and the EU.

The increase in speed of new developments in technology means we have to continue to study and keep ourselves up-to-date. This doesn’t mean going back to school or university, although I would recommend formal or vocational study if you want to change careers, and you could just involve 30-60 minutes a day reading online, listening to podcasts or researching videos on YouTube.

I read a statistic many years ago that only 10% of people do any further study after leaving school or university. Is it a coincidence that those who do study tend to be in the top 10% income bracket? Brian Tracy said that reading for 30 to 60 minutes a day will make you an expert in your field within six months and could get you to degree level within 2 to 3 years.

If you enjoyed this and found it helpful, please like and share with your friends and follow me on social media to give more people free value.

I’m offering a free Wealth Accelerator discovery coaching call to three people this week - CLICK HERE TO BOOK YOUR FREE CALL https://bit.ly/3zJ21GY

Renting A Home Is Cheaper Than Buying For First Time In 6 Years

With low interest rates and high rents, it has long been assumed that it is cheaper to buy than rent. But the tide has turned thanks to soaring house prices and lower rental demand, especially in the city centres.

According to leading estate agents, Hamptons, it has become cheaper to rent a property than buy a home for the first time in more than six years.

The estate agency research reveals that prior to the pandemic in March 2020, people buying with a 10% deposit would have been £102 a month better off than renters....Full article 

Property Investing Secrets - Discover the ultimate beginners' guide to property in 2021 With my friend and property expert Kevin McDonnell.

Complimentary Property Training - next session is on Wednesday 23rd June, and Kevin can't wait to see you there!

Do you want to start earning life changing sums of money from property whilst knowing you’re  avoiding all the common mistakes beginners make when investing?

Well I'm going to promise you this:

Kevin help you avoid the all-to-easy mistakes most newbies make when getting started in property investing.

New investors must be increasingly strategic when it comes to spotting good opportunities, and knowing how to jump on them quickly (without worrying about finance roadblocks or having a little black book of contacts).

This free, live online training will provide you with knowledge, tactics, and strategies for identifying great deals, knowing which of the easy strategies to use, and getting the cash profits out fast - both now and every year!

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The baby boomer and millennial generations are facing an uncertain future with job insecurity and drastically reduced state and private employer pension benefits.

How can you avoid ending up living your retirement days in poverty?

There are a number of steps you can take, but it starts....see full article.

I haven’t got time in this short presentation to cover everything - which I go though in my book and SMART MONEY MANAGER courses in more detail.

But I hope these simple mindset shifts and steps alone will open your mind and set you on the road to prosperity.

If you enjoyed this and found it helpful, please like and share with your friends and follow me on social media to give more people free value.

I’m offering free discovery coaching calls to three people this week. Message me if you’re interested or email [email protected]

British house prices leaped by an annual 10.9%, the most in almost seven years, and they look set to rise further as people search new homes after the pandemic, one of the country’s largest mortgage lender the Nationwide said.

Almost 70% homeowners considering a move said they would still go ahead even without the unlikely extension of a tax incentive by Chancellor Rishi Sunak, Nationwide said, according to a survey it conducted in late April.

The latest figures demonstrate the scale of the surge in house prices which hit a new record high at an average of £242,832, according to Nationwide, which whilst not the official Land Registry data is widely respected by the industry.

Nationwide added that house prices were 1.8% higher than in April.

Nationwide said there was scope for annual house price growth to accelerate further in the coming months, given how weak the housing market was in early stages of the pandemic.

However, if unemployment rises sharply later in 2021 - when Sunak's jobs protection programme is due to expire - there was scope for activity to slow, perhaps sharply, it said.

Official data from the Office for National Statistics has shown that house prices in March jumped by just over 10%, the largest annual rise by that measure in nearly 14 years – prior to the 2007 peak and later property and stock market crash.

Not all areas are booming and parts of London are seeing sharp price reductions on flats.

Coastal hotspots - in Devon, Cornwall and Dorset - have seen house prices rise by as much as 48% in a year as people ‘escape to the country’!

One million Britons fear losing homes when eviction ban ends - as up to 400,000 tenants have already been served notice or told to expect it due to unpaid rent over pandemic, The Daily Mail reports.

The tenant eviction ban expired on 1 June, which could see thousands of people with rent arrears evicted by bailiffs.

· Ban lifted meaning bailiff-enforced evictions can take place from now

· Government introduced ban to support renters through the Covid-19 pandemic

· Charity says that 400,000 renters have already been served with eviction notice

· A further 450,000 households are in rent arrears according to research

The Joseph Rowntree Foundation said 400,000 have already been served with an eviction notice or told they may be evicted and a further 450,000 households are in arrears with rent, JRF said.

In practice, possession claims leading to eventual eviction could take 6-12 months to go get through the county court system, which is already overloaded with all manner of legal cases.

Over 60% of buy-to-let landlords own just one property and many of whom are paying mortgages with little or no chance of recovering thousands of pounds of rent arrears built up during the lockdown.

Other news

The UK is likely to further restrict overseas travel taking Portugal OFF the ‘green list’

Apple wants staff back in the office by September.

If you enjoyed this and found it helpful, please like and share with your friends and follow me on social media to give more people free value.

I’m offering free strategy coaching calls to three people this week. If you’re interested, email [email protected]