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

Learn the secrets of NO money down property deals from experts this weekend in London.

You can acquire property with No Money Down using proven strategies.

Learn multiple no money down strategies by joining me at the “No Money Down Weekend” in London on 27 July. I have a limited number of complimentary tickets for the event, but you must apply by close of play Friday.

For more information, email me at [email protected]

Metro Bank Profits Plunge 84% as Boris Johnson Moves into No. 10.

Boris Johnson was elected Tory leader today and will become the next Prime Minister of the UK, the 5th largest economy in the world, after Theresa May steps down tomorrow.

What are his chances of success?

Many years ago, are used to get a newsletter mailshot from a company recommending penny shares.  Penny shares traded at 10, 20 or 30 pence per share, and the idea was that you could buy these ‘cheap’ shares in the hope that they will go up in value massively compared to buying a blue-chip stock.   

The company was offering a paid newsletter subscription which would send you a monthly report on the penny shares to buy.

In reality, the shares were not cheap, the value was the same as the price. They were high risk investments that could’ve gone either way. Furthermore, the share price depends on a many factors including the number of shares issued. 

In the same way, buying a property because the price seems cheap may not always be the best policy. Just because you see a property for £50,000, which looks cheap compared properties in another area, does not follow that you’re getting a bargain. You might be just paying £50,000 for a property that is worth £50,000. There may be a reason it’s worth £50,000. 

You need to do your homework to ascertain whether or not the property is really worth £50,000 and to find out the real value of the property. 

Value versus price

There is a difference between the price of something and the value. Sometimes the price of a property or share accurately reflects its true value, but not always. 

As an investor, we are always aiming to buy a property or asset below market value, not below market price, so don’t be lazy and always do your research.

The stock market has been rising for over ten years and is due for a correction. The UK economy goes through a recession every ten years or so and the last downturn started after the 2007-8 financial crash. Economies go through cycles of boom and bust and it is at those times of low confidence when the markets drop, often irrationally, that you will find real below market value bargains.

Recessions are scary, but they do open up opportunities to acquire assets at greatly discounted prices. For instance, if and when the stock market has a correction, or crash, there will be a number of good company’s shares on sale at well below asset value. That will be the time to buy. 

Now is the time to learn and do your research and have your funds or funding in place. 

The same applies to property, even if you don’t have much cash. During property downturns when properties are at rock bottom prices, lenders typically restrict or even stop lending! I have witnessed this first-hand on a number of occasions when I knew there were bargains in London, but could not get the finance to buy them.

If I had known then what I know now, I would have been able to acquire those properties without using traditional mortgage lenders or mortgages.

Can you acquire property with ‘No Money Down’? Yes you can!

Learn multiple no money down strategies by joining me at the “No Money Down Weekend” in London on 27 July.

For more information, email me at [email protected] 

Weekly News Roundup 210719

Pension scams cost Brits 4 billion a year and could be the next big financial scandal according to the Sun.

Problems started a few years ago after the then Chancellor George Osborne changed the rules to allow savers to access 25% of their pension pots tax-free from the age of 55. Thousands of people have since been scammed out of their money or made poor investments and lost everything.

In the past, we could not touch our pensions until age 60, but the rules have become more flexible leading to some people foolishly frittering away the money that would've otherwise bought a secure pension in an annuity for life during retirement. 

We know that the average pension pot of someone in the 50s is around £70,000, indicating that there will be a major shortfall in pension savings for millions of people in 10-15 years’ time. An awful lot of people will be unable to retire and some could be homeless.

In other news, the current Chancellor Philip Hammond said he will resign from the government if Boris Johnson is elected leader. Hammond is a known remainer and, along with fellow remainer MP’s, may attempt to block Brexit. 

The Brexit saga could run and run leaving the country and the EU in a state of limbo or uncertainty thus deterring investment.

A government thinktank recently warned that a no-deal Brexit could wipe 10% off UK property prices.

The United Kingdom has a recession around every 10 years and we are 10 years on from the last recession, so it doesn’t take a financial genius to work out that we are due for one in the next few years. However, it does take a genius to tell you exactly when the next recession will be!

In my experience, recessions often come from almost out of the blue triggered by an unexpected event, such as the 1970s oil crisis or the 2008 financial meltdown.

Currently, we have several possible causes of recession, including Brexit, the America-China trade war and increased tensions in the Gulf after Iran seized a British oil tanker.

Recessions are just part of life and they come and go, so we all need to prepare for lean times as well as good, like the Joseph story in the Bible. Joseph prophesised 7 good years, followed by 7 lean years and famine and told the Pharaoh to store grain during the good years. How many governments have enough grain in the store?

You need to ensure you are not carrying too much consumer debt or even too much good debt on properties or business when the downturn hits.

On the plus side, a downturn opens up opportunities to acquire assets at greatly discounted prices. For instance, if and when the stock market has a correction, or crash, there will be a number of good company’s shares on sale at below asset value. That will be the time to buy. 

The same applies to property, even if you don’t have much cash.

Can You Acquire Property With No Money Down? Yes you can!

Learn multiple no money down strategies by joining me at the “No Money Down Weekend” in London on 27 July.

For more information, email me at [email protected]

I'm going to read you and excerpt from a book:

Whatever may be said in praise of poverty, the fact remains that it is not possible to live a really complete or successful life unless one is rich. No man can rise to his greatest possible height in talent or soul development unless he has plenty of money; for to unfold the soul and to develop talent he must have many things to use, and he cannot have these things unless he has money to buy them with.

Man develops in mind, soul, and body by making use of things, and society is so organized that man must have money in order to become the possessor of things; therefore, the basis of all advancement for man must be the science of getting rich.

The object of all life is development; and everything that lives has an inalienable right to all the development it is capable of attaining.

Man’s right to life means his right to have the free and unrestricted use of all the things which may be necessary to his fullest mental, spiritual, and physical unfoldment; or, in other words, his right to be rich.

From the Science of Getting Rich by WD Wattles published 1910

This book influenced Napoleon Hill, who wrote think and grow rich many years later. His book went on to sell over 10 million copies.

Many of the ideas contained in both books are still relevant today.  These and other authors inspired me to write my own book, 'Yes, money can buy happiness' and turn it into an online course.

This section on getting rich in the digital economy is taken from my book.

By the end of this, you will learn how the digital economy has changed everything and opened up more opportunities to get rich than at any other time in history.

We are living in the digital economy. The internet has changed everything and if you change, as Jim Rohn said, everything will change for you.

We can do things online right now, like trade shares or currencies in real time, that would have only been available to banks or trading houses a few years ago.

We can set up online stores using platforms like Amazon and eBay for a tiny fraction of the cost, and risk, of setting up a physical retail business.

There has never been a better time to earn money online and you don’t have to have a website or even invent your own products, and you definitely don’t have to be a technical IT expert.

More about this later. For now, keep in mind that you can take advantage of the new digital age economy, which gives the little guy a chance to compete with the big boys.

Sure, you can be happy as an employee or small business owner doing a job you love, but in most cases, this will not make you wealthy because there are only so many hours in a day and only so much energy you can give.

The fact that you’re reading this book or listening to my Money Tips podcasts probably means you are not happy with your current financial situation and you are searching for something more in your life? Maybe you once had hopes and dreams which have gradually been smothered by the daily grind of life? I want you to know that those dreams and ambitions are still alive inside you. They are waiting for you to take action by taking that first step.

It’s not your Ability, but your Mobility that will take you where you want to go.

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.

How will Brexit, the slowing UK economy and increased taxes affect property?

In this episode, I look at the effects of Brexit, possible recession and tax on the future of UK property.

Can You Acquire Property With No Money Down?

Learn multiple no money down strategies.

Join me at the “No Money Down Weekend” in London.

Email me for more details at [email protected]

  London Property Prices Falling at Fastest Rate Since 2008/2009 Financial Crisis.

Learn multiple no money down strategies from experts.

Join me at the “No Money Down Weekend” in London on 27 July.

Email me at [email protected] fro complimentary tickets.