Money Tips Podcast

The world’s largest economy contracted by an annualised rate of 1.4% in the first three months of this year. The sharp drop follows growth of over 6% in the final quarter of 2021.

Business insolvencies in England and Wales jump to 60 year high.

Rapid increase in voluntary liquidation is driven by inflation and supply chain difficulties. 

World Bank warns of human food catastrophe and war causes shortages and soaring prices. 

Food prices are now at the highest rate since UN Food Index tracking records began 60 years ago after jumping 13% in March. 

What does inflation mean to you?

The costs of goods and services has risen by 49.4% since 2010, which means you need £14,936 to have the same buying power as £10,000 in 2010. 

Stock Markets jittery

Stock markets in Europe and Asia fell sharply this week at n fears of Chinese lockdowns but later recovered. 

House prices still rising in the UK

A shortage of family homes continues to drive up demand despite recent interest rate rises.

3 quick tips to GET CONTROL of your finances in times of rising prices. 

1. Get control of your outgoings and expenditure.

2. Get control of debt.

3. Get control of spending.

Also check out my ‘5 Inflation-Busting Tips’  for money saving ideas to help you through this. -https://youtu.be/2jZCO4V7uX0

Make the most of your money and resources and learn how to get control and manage your finances.

Consider investing in real assets which tend to hold their value and act as a hedge during times of high inflation.

Assets like property, stock and shares and gold have long been held as a long-term inflation hedge.

Do people get rich during recessions and depressions?

The answer is yes!

To help you get through this and come out stronger at the other end I am offering subscribers a free MONEY MASTERCLASS. 

Join me for an intimate Money Masterclass this Wednesday

The NEW WAY to build your wealth, IMMEDIATELY GET CONTROL of your money and learn how you can become FINANCIALLY FREE in 28 days using my S.M.A.R.T MONEY FORMULA!

With inflation at a 30-year high there has never been a better time to join me for this brand new Money Masterclass!

I am inviting a small group of people only to join me this WEDNESDAY 7PM for an intimate S.M.A.R.T Money Masterclass!

>>> REGISTER HERE - https://contexttraining.aweb.page/p/101d6194-4fe4-4036-8cc8-615ecc35f857

Secure your seat now!

Food Shortages on the way – time to act!

Food shortages and even rationing could be on the way as the Russia Ukraine war continues.

Sanctions against Russia are forcing up the price of everything from oil and gas to wheat and Fertiliser chemicals. This is adding to existing problems of inflation caused by ‘government money creation’, soaring shipping costs and supply chain issues in China.

Farmers are warning of coming food shortages, as items like cooking oil disappear from supermarket shelves.

“Over 36 countries depend on Russia or Ukraine for half their wheat imports”

Antonio Guterres, UN Secretary General

In a broadcast this week, the UN Secretary General warned of rising poverty and added:

• Wheat up 30%
• Oil up 60%
• Natural Gas up 50%
• Fertiliser up 100%

The National Farmers Union (NFU) reports:

“Ukraine is a major supplier of wheat, barley, maize and oilseeds (particularly sunflower oil and meal) to the global market meeting the needs of an estimated 400 million people worldwide. The interruption of that supply with the closure of the Black Sea ports is being hardest felt in North African and the Middle East countries most reliant on Ukrainian wheat.

“The World Food Programme estimates that its operational costs of feeding food insecure people will increase by €26 million per month compared to current levels, €64 million per month compared to pre-pandemic levels.”

The NFU warns of “an acceleration in the rise of commodity prices”.

“Global commodity prices were already rising steeply as the world economy emerged from the pandemic – over the last 18 months wheat prices have risen nearly 110%, maize and vegetable oil prices are up 140%, and soybean prices are up 90%. The conflict in Ukraine has accelerated the rise in commodity prices, with wheat prices increasing 70% since the invasion.” Source: NFU

Signs of poverty are already being seen in the UK, a wealthy country.

$50 billion was wiped off the value of Netflix as its share price dropped 35% following reports that the company lost 200,000 subscribers in the first quarter of 2022.

Economy is in winter season right now but…winters don’t last forever!

• Bulk buy non-perishable consumer goods and food as a hedge against inflation
• Buckle down, tighten your belts and get through this, you will survive! 
• Consider spreading the cost on direct debit to cushion the blow.
• Build your credit lines and watch your credit rating like a hawk.
• Earn more cash by doing part-time jobs or a side-line business.

Watch my ‘5 Inflation-Busting Tips’  for money saving ideas to help you through this. -https://youtu.be/2jZCO4V7uX0

Make the most of your money and resources and learn how to get control and manage your finances.

Consider investing in real assets which tend to hold their value and act as a hedge during times of high inflation.

Assets like property, stock and shares and gold have long been held as a long-term inflation hedge.

Remember, you are not alone. Get help, take advice, and use debt counselling services like Citizens Advice if you are having trouble. 

Can you take proactive steps to increase your wealth? 

Do people get rich during recessions and depressions?

The answer is yes!

To help you get through this and come out stronger at the other end I am offering subscribers a free MONEY MASTERCLASS. 

Join me for an intimate Money Masterclass this Wednesday

The NEW WAY to build your wealth, IMMEDIATELY GET CONTROL of your money and learn how you can become FINANCIALLY FREE in 28 days using my S.M.A.R.T MONEY FORMULA!

With inflation at a 30-year high there has never been a better time to join me for this brand new Money Masterclass!

I am inviting a small group of people only to join me this WEDNESDAY 7PM for an intimate S.M.A.R.T Money Masterclass!

>>> REGISTER HERE

Secure your seat now!

>>> REGISTER HERE

Join me LIVE…

Here’s a reminder of what we’ll cover in the training:

1. HOW TO GET CONTROL OF YOUR FINANCES
2. HOW TO BE FINANCIALLY FREE IN 28 DAYS
3. HOW TO ACCUMULATE WEALTH

>>> REGISTER HERE

With so much uncertainty in the world, with businesses, jobs and the economy being turned on its head, there's never been a better time to take ownership for what you can control!

Book your place now NOW.

I look forward to seeing you there!

Best,

Charles

P.S. There are limited places available. We’ve had a HUGE response already! Do not miss out - REGISTER YOUR SEAT NOW REGISTER HERE  - and join me to discover how to build wealth, IMMEDIATELY GET CONTROL of your money and learn how you can become FINANCIALLY FREE in 28 days using my S.M.A.R.T MONEY FORMULA!

The controversial Tesla boss has offered $54 a share valuing Twitter at $40 billion.

Musk, who refused a seat on the board after becoming Twitter’s largest shareholder earlier this month, said he is the right person to “unlock” the social media platform’s “extraordinary potential”.

As the share price jumped 5%, he warned that he would have to “reconsider” his stake in the company if his bid was refused.

The billionaire has taken Tesla from start-up to the world’s most valuable car maker.

See video version - https://youtu.be/NcZztHe9qzs

Trouble ahead as consumer prices reach highest level since 1992

“Over 36 countries depend on Russia or Ukraine for half their wheat imports”

Antonio Guterres, UN Secretary General

In a broadcast this week, the UN Secretary General warned of rising poverty and added:

• Wheat up 30%
• Oil up 60%
• Natural Gas up 50%
• Fertiliser up 100%

These essential commodities affect all our daily lives and have risen in price far above the published inflation rate. 

Official CPI inflation in the UK is now at 7% pa and, with commodity prices soaring, could reach double digits before the year end.

Prices are going up at the fastest rate for 30 years when the UK was in recession and the property market was stagnant.

Pay rises are falling behind against the cost of living, which means people have less money to spend on luxuries after paying for essentials.

Businesses are facing the dark prospect of higher costs and lower income. 

Savers are seeing the value of their capital eroded by inflation – every £100 will buy £93 next year if the rate stays the same.

Economy is in winter season right now but…winters don’t last forever!

• Buckle down, tighten your belts and get through this, you will survive! 
• Consider spreading the cost on direct debit to cushion the blow.
• Build your credit lines and watch your credit rating like a hawk.
• Earn more cash by doing part-time jobs or a side-line business.
• Bulk buy non-perishable consumer goods and food as a hedge against inflation.

Watch my ‘5 Inflation-Busting Tips’  for money saving ideas to help you through this. -https://youtu.be/2jZCO4V7uX0

UK house prises continue to rise due to a shortage of family homes, the Halifax reports

Despite the worst recession since the second world war, the price of the average home in the UK has rocketed by £43,577 since the start of the first lockdown two years ago, the Halifax has said.

The UK’s biggest mortgage lender said the 18.2% rise increased the cost of an average home to £282,753.

Buyers seeking more space saw a 21% rise in the price of detached homes compared with a 11% rise in flat prices over the same period.

Higher mortgage rates will start to reduce buyer affordability and the amount people can borrow, which may dampen prices.

Increased living costs will inevitably affect how much first-time buyers can save, borrow and spend on a property.

As we enter the traditional springtime buyer activity season, estate agents are already reporting continued demand and a shortage of larger family houses, which means sellers can obtained higher prices.

Full article

Funeral plan provider goes bust – what do you now if you have a prepaid plan?

Following the recent utility providers bankruptcies, another inflation-led disaster is brewing in the funeral industry. Safe Hands, a UK ‘prepaid funeral plan’ provider, has collapsed into administration, leaving thousands of customers worried about what to do now, plus many others concerned that other companies will follow suit amid soaring costs and inflation. 

Insurance vs Prepaid Funeral Plans

The other way of providing for future funeral costs is the traditional method of taking out insurance which pays out on your death. 

I have far more confidence in insurance companies, like Legal and General and Sun Life, that have been around in some cases for over a hundred years than a funeral plan provider.

Insurance companies are heavily regulated and employ actuaries to calculated liabilities years into the future. They also have reserves which can see them through the bad times like world wars, recessions and depressions.

Funerals can easily cost in excess of £5,000 excluding the burial plot.   

Safe Hands, Dignity Funerals Limited will provide existing customers with funeral care arrangements until 20 April 2022, and customers should contact the customer services team on 0800 640 9928. There is no confirmed plan in place after 20 April. 

Worryingly, six funeral plan providers have not even applied for authorisation

See the FCA website to find a published list detailing which firms have yet to apply for authorisation, as well as those who are transferring their books to other providers.

There are six companies who have not yet applied for authorisation are:

If your provider does not get authorised by the FCA you have no protection from the FSCS should your funeral plan provider go into administration before 29 July, or if it has its FCA application refused.

In the meantime, customers will have greater protection when taking out a prepaid funeral plan on or after 29 July this year.

Other Financial News

NI tax rises kick in, most employers and employees will pay an extra 1.25p in the pound, but lower paid will pay less due to recent threshold changes in Rishi Sunak’s budget. 

Economic winter

The economy is in winter, but winters are tough but they never last forever. Like the farmer who prepares for the next season’s work, now is the time get ready and come out even stronger when the recession ends.

To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home.

To help you get through this and come out stronger at the other end I am offering subscribers a Free Wealth Discovery Accelerator Call. 

I will personally speak to you to help you accelerate your wealth building journey. Click HERE to schedule a call with me. 

Many of us have baggage that we carry around throughout our lives like a camel. 

Most of these limiting beliefs or fixed ideas are things that we have learned through experience from people or events in our lives. Some of these come from a parents, friends, lovers, teachers and so on. 

Unfortunately, many of these beliefs are negative. They have not come from successful, positive people, but usually from unsuccessful, negative people that we encounter in our lives. 

We carry these beliefs around like backpacks which weighs us down throughout our lives. 

We drag them into new relationships and expect people to accommodate us and our emotional baggage.

Examples of these beliefs could be: 

• I don’t trust men, I don’t trust women
• Rich people are greedy crooks or evil
• Money is the root of all evil or is bad for us
• People who are nice to us want something in return.
• People of a certain race, age or gender are this way or that way

Learned beliefs are deeply ingrained into our minds like a default setting, which you can replace with a new setting. 

We will continue to carry beliefs around and unless we deal with them they will slow us down for the rest of our lives.

Instead of taking the ‘beliefs backpack’ off of our backs and mentally throwing on a virtual fire, we expect people to “deal with it” because “this how I am” so “take it or leave it”!

It’s as if we simply expect people to accept and accommodate our limiting beliefs. Maybe we don’t say it directly, but indirectly you are pigeonholing people you probably don’t even know based on your past experiences. 

You’re saying, this is what I believe because I’ve had a bad experience with some loser or abuser, therefore I’m going to hold back on everyone else based on this one bad experience. 

It’s absurd when you think about it!

At the extreme end, people are killing each other because of difference in beliefs over different variations of the same religion!

A believe is something that you learn and accept as the truth. Once we have a belief lodged in our head ii will stay there until we change the default sessions. 

For instance, you may have been brought up with a certain faith or set of values and refuse to accept anyone who does not meet your standards. 

You may have been brought up to believe that people from another country are bad based on the fact that your country once had a war with their country. This could be a recent war or a war that happened a century ago. 

Beliefs can be formed unconsciously by the behaviours of others, such as our parents, with whom we spend most of our time. People who have had abusive parents often, but not always, go on to become abusive themselves. It might sound like a cliche, but many inmates in prison have come from broken or even abusive homes.

People whose parents have never worked and lived on benefits can pass this habit on to their children. There are areas of the UK where there are three generations of families who have never worked and just lived on benefits.

A recent report in the UK found that the third of children worry about family finances

On the other hand, children from loving and successful homes are more likely to pick up those success habits. Again, this is not always the case but from my observation I’ve seen it time and time again.

When I wrote ‘Yes money can buy happiness’, I wrote about people’s limited money beliefs that hold them back in life and even put a subconscious ceiling on how much they can earn. 

Whilst money obviously plays an important part when it comes to living a happy and secure life, it’s not the be all and end all. In fact, most of our happiness comes from other people around us.

Think of a time in your life and you feel happiness and joy. Can you picture in your mind? Where are you? Who are you with? Was it with friends, family or someone you love? It’s unlikely that it was sitting alone having dinner in front of the TV, right?

There are those of you who think being single and living on your own is cool and part of modern life, but let me tell you that for millions, being alone sucks!

Humans and most animals were simply not designed to be alone and isolated. For thousands of years we’ve lived in tribes, groups and communities.

As the number of people living in single households in the UK has reaches record levels, so has depression, mental illness and suicide despite living in the most prosperous time in history.

Yes, you see beautiful young people sitting in Starbucks with the iMac looking cool, but are they really happy and fulfilled?

Happiness does not come from pleasure. Happiness comes from living a fulfilled life filled with love and activity. Happiness comes from giving and sharing, building a life with someone you love, raising children, going through struggles together for building a business. 

You really need to deal with your negative learned beliefs otherwise they will ruin your life and cause you to repeat the same mistakes over and over again.

Moving towards and moving away from goals

Many philosophers in the past have discussed the fact that we do things based on moving towards pleasure or reward and or moving away from pain or discomfort

You might have a goal to earn more money or own the house of your dreams, which would be a moving towards goal.

On the other hand, if you have a goal to lose weight or give up smoking that’s a moving away from goal.

A conflict arises when the pull of pain or pleasure is greater than your desire to achieve something.

If you are trying to lose weight, but really enjoy sweets and sugary foods then you have a conflict of interests. You know that in order to lose weight you must cut down on sugary foods, but the pleasure of eating those foods is so great, and stronger than your desire to lose weight, that you cannot give them up.

If you’ve had a bad experience with your previous partner or spouse, you may want to trust the new person in your life, but the negative pull of the previous experience is so great that you cannot let go and form new relationships. Letting go is key. 

When I was a child living at home, we had a lovely little dog who brought fun and pleasure to the family’s life. Obviously dogs don’t live as long as us so when that dog died it was so painful the for the family that we never wanted to have a dog again. The pain of losing the dog was so great that it deprived us of enjoying another pet. 

Letting go

I recently watched a BBC documentary about a group of Holocaust survivors who had their portraits commissioned by Prince Charles. 

These five people had been through the most horrific experiences imaginable in Nazi concentration camps. They had every reason to lose faith in human nature and hold on to the negative experience. 

Despite this, they had gone on to lead happy and successful lives. They showed no bitterness in their faces and had learned to let go of the baggage of the past, forgive, trust people and be happy. 

There are many books, techniques and guided meditations available to help you unblock or get rid of limiting beliefs.

Find something that works best for you and helps free you from any beliefs which are holding you back. 

Economic winter

The economy is in winter, but winters are tough but they never last forever. Like the farmer who prepares for the next season’s work, now is the time get ready and come out even stronger when the recession ends.

To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home.

Check out my new training to help you get control of your finances and learn how to become financially free in 28 days!

Click to join: https://bit.ly/3isugCr

Spring may be in the air, but the economy is still very much in winter!

Like the seasons, the economy and markets are subject to natural cycles. We have had a long upturn and bull market and now we are entering a downturn or bear market.

Inflation has reached a 40-year high, prices of everything going through the roof and a war causing a food a fuel crisis.

Stock markets have been falling from their recent highs, and the property market may have reached a peak as demand slows.

Watch video version - https://youtu.be/2jZCO4V7uX0

Last week, hundreds of workers for P&O Ferries were fired without warning on Twitter and replaced by cheaper agency staff.

How would you cope if you lost your job? 

Do you have sufficient savings to pay your bills? 

How long will your savings last?

What will you do to survive and even thrive in this recession?

Here are my 5 inflation-busting tips:

1. Loyalty cards and money saving and rewards websites can save you thousands
2. Maximise your returns on savings and investments 
3. Clear credit card debts as fast as you can or transfer to interest free offers
4. Abandon ‘brand loyalty’ for better deals on similar products and services
5. Get control of your finances and stop spending more than you earn

Winters are tough but they never last forever. Like the farmer who prepares for the next season’s work, now is the time get ready and come out even stronger when the recession ends.

To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home.

Check out my new training to help you get control of your finances and learn how to become financially free in 28 days!

Click to join: https://bit.ly/3isugCr

#money #business #stockmarket #property #foodprices #freetraining #financialfreedom #inflation

The US Federal Reserve is raising interest rates for the first time since 2018 in an attempt to bring fast-rising prices under control.

The US central bank said it was lifting its benchmark rate by 0.25% and signalled plans for further rate rises in the months.

Watch video version

The Bank of England increased rates for the third time in the last six months to .75%.

The moves come as the economy faces new uncertainty caused by the Ukraine war and coronavirus outbreaks in China.

They are expected to have widespread global repercussions.

By increasing rates, the Fed will make it more expensive for households, businesses and governments to borrow.

It is hoping that will cool demand for goods and services, helping to ease price inflation in the US, which hit a new 40-year high of 7.9% last month.

U.S. and other global stock prices have been falling since the Federal Reserve warned that they would finally slow down their massive monthly bond-buying scheme and begin hiking interest rates – kept artificially low since the 2008 financial crash - in 2022. 

The Fed's aggressive bond-buying scheme literally just ended last week.

Rising interest rates do not necessarily mean falling stock prices, as was the case in previous hikes. 
Consider this simple chart I recently created which shows how the S&P 500 index has reacted to Fed interest rate changes over the last 20 years. 

US stocks ended 2.2% higher on the news.

• OECD warns that Ukraine war “could” hit world growth, really? We’d never have guessed!

• What is the real inflation rate…and what are the consequences of soaring prices for ordinary people?

• Free Financial Training!

Get control of your finances in 2022.

We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free!

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2. 

#property #inflation #money #business #stockmarkets #interestrates #nomoneydownproperty 

Sanctions on Russia are having a negative impact on Western economies at a time when they were starting to recover from the pandemic led recession.

As the US and UK bans imports of Russian oil, and price of oil soars to near record levels, it has been reported that Middle East leaders refused to speak to President Biden. This could signal a major shift in the world balance of power away from US dominance.

Food prices will rise even higher as wholesale wheat and fertilizer prices rise. 

The price of filling up the average family car with petrol has gone above £90, and in the US where petrol was always so cheap it has now hit $4 a gallon. 

This will inevitably mean less available money for people to spend in the wider economy. 

Stock markets around the world have been falling in the last month, but commodity prices and precious metals are going through the roof! 

Take a look at Gold, Silver, platinum and Uranium. 

• Gold up 13.9% in last month.
• Silver up 13% in the last month
• Palladium up 9%.

The price of Uranium, used in nuclear fuel, has risen to a near 10 year high and 30% in the last six weeks. Some Uranium stocks have shot up by over 50% recently.

When you include higher interest rates, this mirrors the situation we had before the 2008 financial crisis. 

The price of oil impacts just about every part of our economy. 

Money Saving Tips

There have already been warnings last year of rising food prices due to higher fuel costs, and even the UK post office has announced that it will be increasing the price of a first class stamp by 10p to 95p on the 4th April. 

Tip. If you want to stock up on stamps you could save yourself a 12% rise, which about 120 times more than you can earn leaving your money in the bank on deposit!

If you live in the UK, now is the time to start thinking about topping up your ISAs and Pensions before the end of the tax year on 5 April.

Don’t leave your money in the bank! Well, not the same bank anyway. 

Firstly, your deposits are only protected up to £85,000 by the Deposit Protection Scheme.

Secondly and more importantly, you could double the return on your deposits and ISAs by switching banks for a better deal. My own bank has not increased savings rate despite TWO recent interest rate hikes. Loyalty does NOT pay!

Get control of your finances in 2022.

We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free!

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2. 

#property #inflation #money #business #stockmarkets #interestrates #nomoneydownproperty #immigration #silver #uranium #Gold #oilprices #food #sanctions

Oil and Gas price soar amid supply chain worries after the Russian invasion of Ukraine. 

With inflation already soaring to 30-year highs there is no sign of relief for businesses and consumers recently hit with higher prices for petrol and gas.

UK and European stock markets fell sharply with the FTSE 100 closing down 190 points (2.57%) and the FT250 down 696 or 3.57%. US markets are also down wiping billions of dollars off the value of western companies. 

Russia’s economy appears to be in freefall as sanctions force a collapse of the Rouble and Russian stock market. Businesses are severing ties with Russia and lending markets are being closed off.

In the UK, MP’s are under pressure to seize assets of billionaire Russian Oligarchs linked to the Putin regime. Roman Abramovich has put his multi-million pound Kensington house on the market for a quick sale, along with his beloved Chelsea football club.

Sanctions will also have a negative effect on western economies. In the UK, energy bills could reach £3,000 per annum sucking more cash out of the wider economy.

With Russia and other countries seeing dollar denominated assets seized or sanctioned, could we be witnessing the end of the dominance of the US dollar as the world reserve currency?

Property News

HMO landlords renting rooms on an ‘bills included’ basis will be hit with massive cost increases this year. Gas prices have already doubled and could go even higher if the war chokes off supplies.

The Nationwide survey was published this week and reported a 12.6% annual increase in UK house prices to February 2022.

The cost of a typical UK home rose by a record £29,162 in the last year, the biggest cash increase in property prices since it started collecting comparable data in 1991, according to the Building Society.

The price of an average UK home is £260,230 but around double that figure for most of London and the Southeast.

Property prices are being driven by continued demand from buyers who are competing for relatively few properties on the market, especially larger homes outside of big city centres.

Second property owners in some parts of Wales could face a 300% council tax hike in a bid by the Welsh government to make homes more affordable for local people.

London sales and rentals appear to be bouncing back as people start to return to the office, but retail shops and cafes have taken a hammering in the last two years and thousands have closed for good.

Take a look around any shopping mall or high street and you will see many empty units.

Whether property prices can continue to rise in the current economic climate remains to be seen.

You can learn how professional property investors make money whether the average market is moving up or down, with the biggest opportunities coming during a recession or downturn which is looking more and more likely.  

Get control of your finances in 2022.

We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free!

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2. 

#property #inflation #money #business #stockmarkets #interestrates #nomoneydownproperty #immigration 

Billions are being wiped of the value of stock markets all over the world today on the news that President Putin has sent his army into Ukraine.

The prices are flashing red and moving down. On Thursday, the FTSE lost over 3% or 300 points and the Dow Jones was down nearly 700 points by 2%.

Watch video version - https://www.linkedin.com/groups/8943012/

The FTSE is down 10% since January. The US S&P and Nasdaq indices are also down over 10% from recent highs, which is entering into correction territory. 

Oil topped $100 a barrel and gas prices jumped again threatening to send western economies further into recession. Consumers will be hit with higher petrol, gas and food prices as sanctions are imposed on Russia.

Will property follow stock market falls?

Property prices in the US could have peaked after a 20% spike last year as higher mortgage rates (anticipating a rate increase by the Fed) are already hitting buyers and refinance applicants.

UK average asking prices in February were up by a record £7,785 compared to last month.

Demand is being driven by ‘second steppers’ in search of more space sending prices nearly £40,000 higher than since the start of the pandemic.

The price of property coming to market rose 2.3% in February, or £7,785, according to Rightmove’s latest House Price Index.

Whilst the UK market is still buoyant, the two recent interest rate hikes to .5% will make it more expensive to buy and remortgage property.

End of tax year tax saving hints. 

With the end of the fiscal year looming on 5 April, now is the time to start tax planning your ISA and pension contributions.

You can put up to £20,000 into a tax-free ISA each fiscal year, as well as maximising your pension contributions.

If you are in the UK and earn less than £18,570 a year from income and savings interest, your savings interest is tax-free due to tax-free savings and the starting savings rate.

There are other more specialist tax saving investment schemes, such as Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs). Talk to an independent final adviser.

Get control of your finances in 2022.

We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free!

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2. 

#property #inflation #money #business #stockmarkets #interestrates #nomoneydownproperty #financialfreedom #isa #pension #EIS #VCT #mortgage #mortgage #propertybuyer