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

The British Retail Consortium has asked the Chancellor, Sajid Javid to reform Business Rates to stop the decline of the High Street

The internet has opened up a new world of learning, working, socialising and doing business. We no longer need to go back to school or university to learn new skills. We can work from home, start a business or find a new life partner all from the comfort of our home.

Amazon has also enabled thousands of authors to easily self-publish their books online, as I have with my book, Yes, Money Can Buy You Happiness! See link - http://bit.ly/2MoneyBook

If you want to quit the rat race and work from home, but can't quite replace your income from your paid job, why not try and gradually make the transition over a period of time? 

You can learn how to get started on Amazon or Facebook by following the steps of people who have done all the hard work for you and now want to pass on their knowledge.

For more information on Amazon and Facebook courses email [email protected]

Word of the Day

Gearing

Financial gearing refers to the relative proportions of debt and equity that a company uses to support its operations. This information can be used to evaluate the risk of failure of a business. When there is a high proportion of debt to equity, a business is said to be highly geared.

Worldwide web inventor Tim Berners-Lee inventor has called for more control of the internet, which has changed everything in the last 30 years.

We can now self-publish articles, books, videos, live broadcasts and podcasts online.

We can buy, trade and sell online, which is destroying the high street as we know it.

Shop vacancies have hit a 4-year high, which means landlords (which could be your pension fund) are also suffering. 

Amazon started 25 years ago and has grown from start-up to one of the most valuable public companies on the planet, with Mr Bezos now the world's richest man.

Starting as an online book retailer, it has become a global giant, selling multiple products and becoming the world's second-ever public company to hit a $1 trillion valuation.

Amazon has sales of over $234 billion and is expected to rise to over $300 billion by 2020.  

One of the reasons the company has grown is their partner programmes which enables online entrepreneurs and retailers to sell goods on the Amazon platform at a fraction of the cost of setting up a physical store.

In the past, you needed technical knowledge and skills to set up websites and marketing ability to work online. You needed to find a way of driving traffic to your site. Amazon has solved these problems.

The internet has opened up a new world of learning, working, socialising and doing business. We no longer need to go back to school or university to learn new skills. We can work from home, start a business or find a new life partner all from the comfort of our home.

Amazon has also enabled thousands of authors to easily self-publish their books online, as I have with my book, Yes, Money Can Buy You Happiness! See link - http://bit.ly/2MoneyBook

If you want to quit the rat race and work from home, but can't quite replace your income from your paid job, why not try and gradually make the transition over a period of time? 

You can learn how to get started on Amazon or Facebook by following the steps of people who have done all the hard work for you and now want to pass on their knowledge.

For more information on Amazon and Facebook courses email [email protected]

Word of the Day

Leverage

Leverage simply means using a lever, or form of help, to make it easier to do something, whether it be buying an asset of moving a rock by amplifying your strength. 

In financial terms, Ivestopedia describes leverage as using borrowed capital as a funding source when investing to expand the firm's asset base and generate returns on risk capital. Leverage is an investment strategy of using borrowed money—specifically, the use of various financial instruments or borrowed capital—to increase the potential return of an investment. Leverage can also refer to the amount of debt a firm uses to finance assets. When one refers to a company, property or investment as "highly leveraged," it means that item has more debt than equity.  

You can also leverage your time and your life by using tools or employing staff and outsourcers. If you are not using leveraging in your life, chances are your life is being leveraged by someone else.

 Are 100% Mortgages back? Well, almost. With a little help from the bank of mum and dad!

Word of the Day

Quantitative Easing

Printing money or pumping money into the economy. Used by central banks after the 2008 financial crash.

Quantitative easing, also known as large-scale asset purchases, is a monetary policy whereby a central bank buys predetermined amounts of government bonds or other financial assets in order to inject liquidity directly into the economy.

I talk more about practical steps to managing your money, 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, the Stars Who Lost it All and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

This week in Money Tips Daily

Word of the Day

GDP or Gross Domestic Product

The total value of goods and services produced by an economy based on three measures of a country’s economic activity:

You can learn more practical steps to managing your money, getting rich and being happy in my book, Yes, money can buy happiness, where I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System, the Stars Who Lost it All and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

As money pours out of shares, investors are turning to Bonds and precious metals, like Gold which has risen 30% in the last 12 months.

Financial Word of the Day

“Bear”

Bear Market, Bear Run, where markets are expected to fall – opposite to “bull” market.

Investors are feeling “bearish” about the US stock market on news of a possible US-China trade war.

I talk more about practical steps to managing your money, 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, the Stars Who Lost it All and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

We heard of a pending trade war, now we have a looming currency war between China and the US.

What can you do to prepare for a recession?

Financial Word of the Day

“Bull”

Bull Market, Bull Run or the expectation the markets are going to go up.

Feeling ‘bullish’ about the market, which we expect to rise.

I talk more about practical steps to managing your money, 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, the Stars Who Lost it All and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

5 Reasons Why A Stockmarket Crash Could Affect You Even IF You Don't Invest In Shares  

What does the stock market crash into me when I don’t invest in shares?

A lot of people will be saying that they fall in the share prices of the world stock markets will make no difference to them, because they don’t invest in shares.

However, the value of the world’s largest companies indirectly affects everyone on the planet in one way or another.  

1. Confidence

The markets need the confidence to invest in new businesses and projects, which in turn provide jobs and prosperity. When markets are crashing and the value of companies is going down, there will be less money available to invest. A lack of confidence can ultimately lead to recession as people and businesses stop spending.

2. Investment

People assume that investment comes from governments, but in most cases it comes from the private sector. Even if the government do invest directly, where do you think governments get their money? 

3. Taxes

Government money is raised through taxes on companies, through corporation tax, income tax most of which is paid by people working for companies, expenditure tax and various other taxes such as capital gains and inheritance tax.

When markets fall, companies will invest less, make less profits which means they’ll be less tax to collect by governments. This can lead to tax hikes or borrowing to make up the government expenditure shortfall.  

4. Takeovers and breakups

If the company’s share price falls below a certain level, it leaves them vulnerable to a hostile the takeover. In many cases, this will lead to job losses and closures as the new owners seek to maximise their short-term profits.

British companies have been subject to a raft of takeovers from foreign companies which, despite promises made, have often resulted in massive job losses when factories and divisions have been closed or moved abroad. Not all takeovers are directly the result of a stock market downturn, but it does leave companies weak and vulnerable to attack by predators.

5. Pensions and managed funds

Even if you’re not directly invested in the stock market, your pension, insurance or managed fund almost certainly is. It goes without saying that if the value of the shares, or equities, on the stock market goes down, the value of your pension will follow. If you are in a defined contribution scheme, the value will full almost immediately, which can have devastating consequences especially if you are about to retire. People in a defined benefit or final salary scheme may not be directly hit unless the fund starts to run short of funds.  

Learn how to take control of your Uconomy rather than the economy, which you cannot control. I talk more about practical steps to managing your money, 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, the Stars Who Lost it All and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

Dow Jones closes down 767 points or 2.9% wiping billions off the value of companies after US China trade war escalates.

Take independent financial advice before “unlocking” or cashing in your defined benefit pension.