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

By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast

People booking package holidays, as opposed to flight only deals, are covered by the ATOLprotection scheme.

About ATOL

The law says your holiday must be protected if it is a package holiday. ATOL (which stands for Air Travel Organiser’s Licence) is a UK financial protection scheme and it protects most air package holidays sold by travel businesses that are based in the UK.   The scheme also applies to some flight bookings, usually those where you book flights (including UK domestic flights) but do not receive your tickets immediately.

Statement by the CAA (Civil Aviation Authority):

Thomas Cook has confirmed that all the UK companies in its group have ceased trading, including Thomas Cook Airlines.

As a result, we are sorry to inform you that all holidays and flights provided by these companies have been cancelled and are no longer operating. All Thomas Cook's retail shops have also closed.

The Government and the Civil Aviation Authority are now working together to do everything we can to support passengers due to fly back to the UK with Thomas Cook between 23 September 2019 and 6 October 2019. Depending on your location, this will be either on CAA-operated flights or by using existing flights with other airlines. See more at www.moneytipsdaily.com

For more information, visit:

https://thomascook.caa.co.uk/

ATOL - https://www.caa.co.uk/atol-protection/

You can also claim back money which you paid using your credit card under and even your debit card under the banking ‘charge back’ scheme. Contact your credit card provider or bank.

Thomas Cook is probably the oldest travel agency in the world with roots going back to 1841 when the original Thomas Cook arranged a rail excursion from Leicester to Loughborough.

Recently, it has become burdened with debt and has run out of cash and support from its bankers, leaving the directors no other choice but to put the company into liquidation.

What is the underlying problem?...listen to the full podcast for more thoughts and insights into the demise of the once dominant travel agent.

Word of the Day

Liquidation

Liquidation is the legal ending of a limited company, stopping the company from doing business, or employing staff.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you would like more information about the Cyprus ‘Golden Visa’ investment programme, email [email protected]

See more at www.moneytipsdaily.com:

How to earn up to 500% higher yields on your investments without high risks

3 Myths of Property Investment

By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast

This week’s news has been dominated by politics and Brexit, with markets settling as a last-minute deal looking increasingly likely.

The Fed followed the ECB by cutting rates, whilst the Bank of England held the base rate at .75%.

The Brothers Stripe, Richest Self-Made Irish Billionaires

By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast  Airbnb rise from zero to $31 billion. Today I want to talk about a similar sized company in terms of valuation which could be floated on... See more at www.moneytipsdaily.com

Airbnb plan $31 billion IPO

Airbnb to IPO in 2020 By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast The accommodation platform Airbnb says it plans to go public next year.... See more at www.moneytipsdaily.com

House Price Growth Slowest Since 2012, Say ONS

House Price Growth Slowest Since 2012 By Charles Kelly UK house prices rose at the slowest rate to July than at any time since September 2012, up by 0.7%, official figures reveal. According... See more at www.moneytipsdaily.com

Can you really buy property with one click?

Can you really buy a property with just one click? By Charles Kelly Author and creator of Money Tips Podcast   Joseph Kennedy, the father of John F Kennedy, once said that when shoeshine boys were telling him to get into the stock market, he knew it was time... See more at www.moneytipsdaily.com

Should you be buying Gold?

Should you be buying Gold? By Charles Kelly Author and creator of Money Tips Podcast Money Tips looks at whether you should be holding precious metals like Gold and Silver as part of your portfolio. Word of the Day Indicators An economic indicator is a statistic about an economic activity, which offers an analysis of economic... See more at www.moneytipsdaily.com

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you would like more information about the Cyprus ‘Golden Visa’ investment programme, email [email protected]

By Charles Kelly

Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast

Yesterday we talked about Airbnb rise from zero to $31 billion. Today I want to talk about a similar sized company in terms of valuation which could be floated on the stock market.

If you’ve ever sold goods or services online, you may have come across a payment system called Stripe. I had never heard it of it until I started using click funnels but it seems to work very well.

The people behind Stripe are John and Patrick Collison who sold their first company for $5 million when they were still teenagers. Now, a little more than a decade later, their second start-up is valued at $35 billion, making them Ireland’s richest entrepreneurs, Bloomberg reports.

The latest valuation for their online payment processor, Stripe Inc., gives John, 29, and Patrick, 31, an estimated net worth of $4.2 billion each, according to calculations by the Bloomberg Billionaires Index, enough for inclusion in the 500-member ranking. Stripe declined to comment.

Did they build this company up organically using their own money or remortgaging their houses? No, they used other people’s money, such as investors and capitalists.

This week, Stripe announced that it had raised $250 million in its latest funding round, giving the San Francisco-based company a valuation of $35 billion. The only U.S. start-ups that had higher valuations this year are vaping giant Juul Labs Inc. and We Co., the parent of office-sharing real estate firm WeWork.

However, the valuations for both of those companies are now in doubt. A growing number of vaping illnesses and deaths has prompted some governments to ban Juul’s products, and Wall Street estimates for We’s valuation have tumbled following scrutiny of co-founder Adam Neumann’s unorthodox financial dealings with the firm.

The Irish brothers’ fortunes exceed those of fellow countrymen...full article visit http://www.moneytipsdaily.com/the-brothers-stripe-richest-self-made-irish-billionaires/

Word of the Day

Floatation

Flotation is the process of converting a private company into a public company by issuing shares available for the public. It allows companies to obtain financing externally instead of using retained earnings to fund new projects or expansion. Source: Investopedia

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you would like more information about the Cyprus ‘Golden Visa’ investment programme, email [email protected]

See more at www.moneytipsdaily.com:

Airbnb plan $31 billion IPO

House Price Growth Slowest Since 2012, Say ONS

Airbnb plan $31 billion IPO in 2020

By Charles Kelly

Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast

The accommodation platform Airbnb says it plans to go public next year. It was valued at $31bn in its most recent funding round and made more than $1bn in revenues in the second quarter. Airbnb hosts, of which I was once one, have made more than $80bn from renting their properties as of this month, according to the company.

Airbnb, like Uber, Amazon and Apple, have disrupted industries and brought down prices for consumers. But they have also done something else which they have in common - they have all helped small entrepreneurs make money and compete with larger businesses as well.

Airbnb has made $80 billion for landlords, like myself, Uber indirectly employees millions of drivers and Amazon has enabled small businesses to open up online stores and reach millions of people at a fraction of the cost it would’ve been a few years ago.

I started with Airbnb around five years ago when it was quite new in the UK, after hearing about it from my Son.

From the start, it really was an amazing system. I made money from day one and rarely had an empty room. I only gave it up because it was becoming too much work and I couldn’t find anybody reliable to manage it for me.

Now there are companies which manage thousands of properties on behalf of landlords which are rented out through www.Airbnb.com and other platforms like booking.com.

I went to their convention when it was held in Paris. The guys who started the company are still young. They have built a worldwide property business without owning the properties, which is a lesson for all of you to think that you can’t get into property unless you have lots of money. They do of course own their own properties and they used to let rooms out to Airbnb guests just to keep their hand in and set an example. See more at www.moneytipsdaily.com:

If you would like to know how to get into property drop me a line n Facebook or email [email protected]

Word of the Day

Limited Company or Corporation

A limited company is an organisation and legal entity that you use to set up to run your business. This means that each shareholder's responsibility for financial liability is limited by the value of the shares that they own but have not paid for. Company directors of such companies are not responsible for business debts.

In other words, if you are the sole shareholder and director of a limited company and the company goes bust owing £10 million or is sued for £10 million, you will not be liable for the debt, unless you have signed a personal guarantee or have acted fraudulently.  However, if you are trading as a sole trader, or a partnership, you would be liable for the debts and the creditors could go after you and sees your personal assets such as your house.

Limited companies can also use the letters LTD after their name and the UK is one of the easiest countries in the world in which to set up a company, which can be done within hours online at Companies House, and run a business. The tax treatment in the UK is favourable to business and we have good governance and rule of law.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

See more at www.moneytipsdaily.com:

House Price Growth Slowest Since 2012, Say ONS

By Charles Kelly

Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast

UK house prices rose at the slowest rate to July than at any time since September 2012, up by 0.7%, official figures reveal.

According to the Office for National Statistics (ONS) there has been a general slowdown in UK property price growth in the last three years.

The overall growth rate has been dragged down by a declining market in London and south-eastern England.

However, the latest figures show the biggest drop in prices in the last year was in the North East of England.

Property values in the North East region dropped by 2.9% in the year to July and were down by 2.1% in July compared with June, data from the ONS and Land Registry shows.

There were also annual falls in house prices in the South East of England (down 2%), London (down 1.4%), and the East of England (down 0.5%).

Overall in the UK, the annual rise of 0.7% was the slowest since the 0.4% rise of September 2012. The biggest rise was in Wales, up 4.2%. The typical property in the UK is now valued at £233,000.

The ONS/Land Registry data is generally considered to be the most accurate house price estimate, although it covers a period which is slightly earlier than other surveys.

The news comes on the back of government measures to penalise buy-to-let investors and anybody buying a property over £1 million, which could be a London flat or small detached in the South East of England.

If you would like to get into property but not sure how, my friends at Progressive are running several events to give you the opportunity to look at a number of strategies so you can decide which is best for you.

Here are some upcoming dates, but don’t worry if you can’t make or have missed them as there will be more courses laid on in the new year.

Multiple Streams of Property Income Event

An excellent 3 day event covering multiple streams of income and strategies. For more dates and courses, see http://www.moneytipsdaily.com/house-price-growth-slowest-since-2012-say-ons/ 

I have a limited number of complimentary tickets for these events. If you are interested, message me on Facebook or email me at [email protected]

The Bank of England kept base rates at .75% today, as the US Federal Reserve and ECB cut rates this week.

Word of the Day

ONS

ONS is the Office for National Statistics, the official body with responsibilities are collecting, analysing and disseminating statistics about the UK's economy, society and population.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

See also:

How to earn up to 500% higher yields on your investments without high risks

3 Myths of Property Investment

New App launched that cancels subscriptions after free trial

By Charles Kelly

Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast

Have you ever signed up for a free trial online and then forgotten all about it? A year later you realise that you’ve been paying for a service you didn’t really want. Sometimes, it only comes to light when your credit card expires!

Good news. A young British entrepreneur has launched service which automatically cancels subscriptions at the end of the free trial period, the BBC reports.

The ingenious App was developed by Josh Browder, who in his teenage years invented an algorithm called ‘Do Not Pay’, which continues to successfully fight parking fines.

His latest App, Free Trial Surfing, is not directly linked to a customer's bank account or credit card, but Mr Browder says it is in partnership with a major bank. He declined to say which bank was supporting the venture.

"The idea for this product came when I realised I was being charged for a $21.99 (£18) gym membership from over a year ago that I was never using," he told the BBC.

"In fact, I had completely forgotten that I had signed up for a free trial in the first place. Constantly trying to keep track of when a 'free trial' period ends is annoying and time-consuming."

Ironically, he said 10,000 people had signed up to for a “free trial” to try Free Trial Surfing since its launch six weeks ago in the US, where Mr Browder, who is from the UK, now lives.

The two most common subscriptions the service has been used for are porn platforms followed by Netflix, he added. Full article see: http://www.moneytipsdaily.com/new-app-launched-that-cancels-subscriptions-after-free-trial/

Other business news

UK house prices rose at a slower rate in the year to July than at any time since September 2012, up by 0.7%, official figures show. More on this in tomorrow’s episode.

Inflation growth slowed sharply in August to 1.7% after computer game prices dropped and clothing prices were slow to recover from the summer sales.

The Consumer Prices Index measure of inflation fell below 2.1% in July, according to the Office for National Statistics.

Word of the Day

CPI - Consumer Prices Index

Consumer Price Indices are important indicators of how the UK economy is performing.

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.

The indices are used in many ways by the government, businesses, and society in general. They can affect interest rates, tax allowances, wages, state benefits, pensions, maintenance, contracts and many other payments. They also show the impact of inflation on family budgets.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

Can you really buy a property with just one click?

By Charles Kelly

Author and creator of Money Tips Podcast

Joseph Kennedy, the father of John F Kennedy, once said that when shoeshine boys were telling him to get into the stock market, he knew it was time to get out. That’s exactly what he did just before the 1929 stock market crash, which was followed by a bear market which lasted for decades.

Sometimes I feel the same about property when everyone seems to be jumping on the bandwagon. Now, there is even a company offering investors a way to buy a buy-to-let property with the click of a mouse.

Can you really buy a property online just like ordering something on Amazon? Well, not quite.

Dot, a Californian company with offices in Manchester, effectively gives you the facility to reserve a property online, leaving completion and the legal work to be done later on.

Investors are told that they can buy one and two bedroomed properties costing up to £200,000 in a “few pain-free minutes”, with just a few clicks, and enjoy a yield of up to 6% pa. Once you have selected a property, the company sends out a computer generated image of what the property would look like when refurbished, without investors needing to visit the site themselves. I guess this would be of more benefit in America where a site visit could involve thousands of miles of travel and even a flight. 

The company is currently packaging up to 40 flats in Manchester, Birmingham and Leeds, Cities which it has identified as rental growth areas.

They told the Sunday Times that they expect it “will be completely normal for an investor to acquire, renovate and hold properties without ever visiting them in person”.

After the property has been reserved and Dot has carried out a credit check and verified that the investor is earning at least £30,000 per annum, the company lends investor the money to purchase the property and pay all of the stamp duty and legal costs, plus Dot’s 3% fee – which is £6000 based on a typical £200,000.

The loan, effectively a bridging loan, is offered at 0.6% per month or 7% per annum for 12 months. Investors are required to contribute a minimum 25% deposit.For full article, see http://www.moneytipsdaily.com/can-you-really-by-property-with-one-click/

Word of the Day

Land Registry

Official government body that registers most property titles in England and Wales.

Your solicitor will normally do a search to check ownership as well as registering your interest in the property once you have completed your purchase.

The best way to get into property is to do your homework and learn from experts. If you would like further details on how to learn about property and become a professional property investor, email [email protected]

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

See also:

How to earn up to 500% higher yields on your investments without high risks

3 Myths of Property Investment

Should you be buying Gold?

Money Tips looks at whether you should be holding precious metals like Gold and Silver as part of your portfolio.

Word of the Day

Indicators

An economic indicator is a statistic about an economic activity, which offers an analysis of economic performance and predictions of future performance.

Top 5 Economic Indicators for Global Investors

1. Gross Domestic Product. GDP represents the market value of all final goods and services produced within a country over a period.

2. Employment Indicators

3. Consumer Price Index. CPI is an indicator of inflation.

4. Central Bank Minutes

5. PMI Manufacturing & Services

Company indicators

Sometimes called Key Performance Indicator, KPI’s gives a snapshot of key measures, such as sales, capital reserves or accounts payable turnover, which tell investors and managers at a glace where the business is heading.

You could also run a KPI for your health. For instance, how many hours exercise did you do last week? How much alcohol or sugary foods did you consume? Do you smoke, and so on. Based on these KPI’s, you don’t need to be a doctor to know where your health is heading.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

See also:

ECB Cut Rates To Stimulate Economy

How to earn up to 500% higher yields on your investments without high risks

3 Myths of Property Investment

By Charles Kelly

Author and Creator of Money Tips

How to get bursaries and assisted places for top private schools

The gift of education is one of the most valuable things you can give to your children. However, the cost of sending a child or grandchild to an independent or private (strangely, also known as a “public school”) school has soared...

ECB Cut Rates To Stimulate Economy

Interest rates look set to stay low. This week, the ECB announced that it is reducing interest rates. Trump is demanding that the US federal reserve follow. UK base rates stand at....

3 Myths of Property Investment

The 3 Myths of Property Investment   Many people tell me that they want to get into property, but don’t know where to start or which strategy to choose.   “Should I try residential or commercial”, they ask me, “single let buy-to-let or HMO’s?”.   How will I find the money...

Markets Settle On Trump-China Trade War Talks – Money Tips News

Markets Settle on China-US Trade talks. Don’t ignore parking tickets and bills – more bailiffs being used by local authorities to collect unpaid fines. 2870 retail outlets closed down in first six months of 2019. LSE £32 billion HK bid. BA pilot strikes...

Angel Investor Funding – London Has an Abundance of Money for Scalable New Businesses

There is an abundance of money available for business start-ups and ventures in London. Word of the Day Scalable Businesses which are scalable are businesses which can be scaled up or grown to a large concern where investors can expect to make a return on their investment, as...

How to earn up to 500% higher yields on your investments without high risks

Low interest rates look set to continue for the foreseeable future. Whilst this is great for borrowers, it is disastrous for investors and people retiring on annuities.   Earning just over 1% on an ISA account It’s keeping up with inflation...

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

Earn 25% Tax Free Bonus with Government Help to Buy ISA but only if you start before 30 Nov

10 TIPS TO GET OUT OF CONSUMER DEBT USING THE M.A.N.A.G.E. D.E.B.T. SYSTEM

The gift of education is one of the most valuable things you can give to your children. However, the cost of sending a child or grandchild to an independent or private (strangely, also known as a “public school”) school has soared well above the rate of inflation, yet the number of UK pupils in private education has never been higher. Why is this?

Part of the answer is that more than £1bn a year of financial assistance is available to parents, enabling one in three students to have their school fees reduced or even waived, according to the FT.

School fees have become a major problem for the middle classes in recent years. The cost of a private education is nearly 50% higher than a decade ago, according to data from the Independent Schools Council (ISC).

Average fees for day pupils are now nearly £4,800 per term, or just over £14,000 a year. Fees are higher in the Southeast and London, where boarding school fees now average more than £13,000 a term — close to £40,000 per year, according to the ISC.

Scholarships and bursaries have become a key factor in affordability, but many parents may not be aware of the level of help available. For instance, at some schools, parents who apply for means-tested support could qualify even if they have a household income of £90,000.

Competition for the brightest children means that an increasing amount of assistance is being provided on a “needs blind” basis to pupils with a flair for particular subjects, such as music and sports.

My Son won a music scholarship and bursary, which covered part of the fees, and a government assisted place scheme, which was later abolished by the Tony Blair government.

Independent schools need to justify their charitable status, which has encouraged more generosity in the form of scholarships and means-tested bursaries. The ISC says that £800m of the £1bn provided in “fee assistance” last year came directly from the schools themselves.

Over 175,000 ISC students currently enjoy some form of fee reduction, around half of these through means testing. The number of those receiving “free” fully paid places more than 6,000 pupils, an increase of 5 per cent year-on-year. Click here for full story.

See more at www.moneytipsdaily.com 

Word of the Day

Hedge Fund

A hedge fund is an official partnership of investors who pool money together to be guided by professional management firms, not unlike a mutual fund.

A hedge fund manager raises money from outside investors and then invests it according to whatever strategy he or she has promised to use. There are hedge funds that specialise in "long-only" equities, meaning they only buy common stock and never sell short. There are hedge funds that engage in private equity, which is the buying of entire privately held businesses, often taking them over, improving operations, and later sponsoring an initial public offering. There are hedge funds that trade junk bonds.

There are hedge funds that specialise in property and real estate. There are even hedge funds that put money to work in specialised asset classes such as patents and music rights. In other words, unlike a Mutual Fund or Unit Trust, hedge funds can invest in just about anything.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.