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

The FCA has spent “two years” looking at the high cost of borrowing from pay day lenders, banks and rent to own furniture merchants.

Whilst interest rates for this type of borrowing are completely out of order, what we need to do is to educate people not to borrow money to buy depreciating consumer goods in the first place.

Borrowing money at extortionate interest rates to buy expensive televisions and vacuum cleaners will keep you in poverty for the rest of your life.

In today’s episode, I give two examples of young people who are taking action and literally “printing” money and becoming financially free! Okay, not actually printing money but metaphorically printing money and creating wealth and value. There is one catch, have to get off your backside and do something! Stop harping back to the “good old days” and realise that there are more opportunities now than ever before.

Most wealthy people started out with little or no capital and are self-made millionaire’s or even billionaires. There are many businesses you can start without the need for large amounts of capital.

If you have any comments or would like further information on courses to help you get started in business, email me:

Check out my three golden rules of investments and find out what Warren Buffett thinks is your greatest asset and what you should invest in.

Money Tips weekly quick summary of the UK financial and business news.

Whatever you feel about the royal family, you have to admit that they add billions of pounds to Britain’s brand and attract millions of tourists to the country. I would like to take this opportunity to wish Megan and Harry every happiness and success in their life together. Princess Diana, Harry’s mother, would have been so proud of her son and daughter in law.

Do you have enough money saved in order to retire comfortably and if not what can you do about it?

The Royal London insurance company said you will need £445,000 in your pension pot today if you are still renting.

In this podcast, we examine your options and look at how much money you need in your pension fund to live a decent life in retirement.

For money, investing in property has been their preferred method of saving for retirement.

If you would like to learn more about investing in property on a free property investment taster course, email me at [email protected]

Richest man in the UK, with a fortune of £21 billion, was the son of a carpenter who started life in a council house.

Research shows that most millionaires are self-made. My research and life experience has shown me that the rich are usually kind and generous and not as portrayed in the media.

There are millions of millionaires in the world and more money available to invest than ever before.

In this episode we look at ways to improve the return on your money or raise finance for ventures without using the banks.

TUC said that workers should be paid more and are earning less in real terms today and they were 10 years ago.

However Paul Johnson from the Institute of fiscal studies said that the country’s productivity has not increased therefore pay cannot increase.