Money Tips Podcast

What can you do to prepare for the coming recession?

Signs of a downturn include:

• Household electricity and gas bills are doubling. 

• Cost of petrol at the pumps highest it’s ever been. 

• Raw materials up by over 30%, cost of shipping is up 10 times. 

• The UK official inflation rate is now the highest it’s been for 30 years. 

• Food and essential household item inflation is running at 20 to 30%. 

• Farm prices, fertiliser and seed are all soaring, with fertiliser up to hundred percent on last year due to the rising price of natural gas used in the production of nitrogen-based fertilisers.

• Food inflation is rampant and unlikely to slow this year making life much harder for ordinary families. 

• Families will spend more on household essentials, such as fuel and petrol, sucking money out of the wider economy which will affect company earning.

• A stock market correction or crash would reduce investment, increase unemployment and loss of billions in people’s savings.

• A property crash could lead to substantial losses, mass repossessions and a squeeze on lending.

In a previous podcast last year, I advised followers to “invest” in non-perishable foods and household goods, as prices were likely to rise faster than most other investments you could put your money into. 

US national debt now exceeds $30 trillion or 128% of GDP. In 1980 the US National debt was just 34% of GDP and in 2000 59% of GDP. UK national debt is over £2 trillion. 

Greedy banks are failing to pass on interest rate rises to savers despite two recent hikes by almost .5%.

8 tips to survive the coming recession

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With central bank rates rising around the world to control inflation, mortgage rates will be going up for millions of borrowers. 

If you have a long-term fixed rate mortgage you have nothing to worry about at the moment. However, roughly one quarter of borrowers in the UK are on variable or tracker rates, which means they could be facing substantial payment increases as base rates look set to continue upwards.

The UK has just increased rates again - by .25% to .5%, and the US Federal reserve in look set to raise interest rates earlier than expected to combat a 7.5% inflation rate not seen since the 1980’s. 

The boss of Tesco, Britain’s biggest supermarket, John Allan, said “worse is yet to come” as warned this week of further food price increases. If you’re a Marmite lover you’d better stock up as the maker is about to charge more for the popular spread due to rising costs.

Unlike the US, most UK borrowers are on relatively short-term fixed rate mortgage deals, which means they could be in for a nasty shock when their rate expires.

Now could be the time to talk to your financial adviser or mortgage broker about switching before rates go up again? Check the lender penalties to calculate the benefits of switching now.

Mortgage lenders also whack on hefty fees for giving you a mortgage rate, plus early redemption and final redemption fees, which they used to call a ‘deed handing fee’! 

City property rental increases as workers return to office

Zoopla reports that the cost of renting a property in a city centre is going up as office workers, students and international residents come back. The UK is effectively dropping Covid restrictions this month and cities appear to be getting back to some form of normality.

Renters are paying an average of £62 more a month than pre-pandemic rents Zoopla found.

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 #fixedratemortgage #propertyrental

The Bank of England have hiked base interest rates for the second time in months to curb inflation, with food inflation running at over 20%.

Press rises for basic utilities will inevitably suck money out of the wider economy driving the country into recession.

The ECB is widely expected to raise rates and the US Fed could follow. Stock markets around the world are still falling again today threatening a correction or crash. UK stock markets are down by half a percent and the Dow Jones and NASDAQ by over 2% today.

Life is going to get tougher this year for millions of people in Europe and America as the coming recession starts to bite. Prices are rising much faster than incomes as the “rich get richer and the poor get poorer”.

Now is the time to protect your assets and plan for your future. You could be in for a bumpy ride in the next few years. 

Facebook’s growth faltered for the first time as user numbers fell. Shares plunged 20% wiping $200 billion of the value of parent company Meta.

PayPal value also plunges as it shuts down 4.5 million false accounts.

Property prices in the UK continue to increase year-on-year by an average of 11% as the market defies economic reality. Anyone owning assets, such as property, has become richer in the last few years.

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

The US economy expanded at its fastest rate in decades last year as it bounced back from lockdowns.

Official figures from the Commerce Department revealed that the economy grew by 5.7% and by 6.9% in the last quarter – the highest growth since 1984.

However, the US Federal Reserve announced this week that a rate rise is 'appropriate' soon, while analysts expect growth to slow this year, due to government scaling back stimulus spending.

Rising inflation, new Covid variants, such as Omicron are further threats to the economy.

The World Bank forecasts that the US economy will grow by 3.7% this year, while OECD said the UK’s GDP will grow by 4.7% in 2022 and is almost back to pre-pandemic levels.

Major stock markets have been sliding in January, with the Nasdaq down 13.35% and Dow Jones 5.06% in the last month but have so far resisted a correction or full-blown crash.

Billionaires like Elon Musk have been dumping billions of dollars of their own stock, a sure sign that they know the party is over.

We are living in volatile times. Shares are overpriced, central banks have printed money like there’s no tomorrow, inflation is reaching levels not seen since the 1980’s, Russia could be about to invade Ukraine and China is watching the west while it eyes Taiwan.  

Seek independent advice on what to do with your own portfolio or pension cash. 

What is your personal inflation rate?

The UK official inflation rate is 5.4%, but essential items such as fuel, food and household items are up by as much as 50%.

This means for a family on low income the impact is worse because they spend a higher proportion of their income on food and other essentials.

Official inflation figures include luxuries together with items like caravans, flower vases, leggings, and cycle helmets, which most people do not buy on a regular basis.   

Supermarkets have also reduced the number of value items they sell, as well as special offers like two-for-one deals.   

Shoppers are flocking to discount stores like Lidl and Aldi, which are both expanding fast.  

Pensioners are also suffering because the pensions are rising by less than the real cost of living increases.   

New immigration identity checking system for landlords and employers.

UK net migration will account for all the population growth of the UK in the future as the number of the people living in the country swells to 70 million by 2030 official figures reveal.

The Office for National Statistics (ONS) projections indicate that the population will rise by 2.1 million by the end of the decade from the 2020 count.

Increased immigration will raise the UK population to 69.1 million by mid-2030, resulting from of a net inflow of 2.2 million migrants, 6.6 million births and 6.7 million deaths.

The Home Office seems powerless to deal with hundreds of migrants entering the country illegally crossing the channel on ever larger boats supplied by criminal gangs, but are cracking down on employers and landlords.

The Home Office has recently announced a new digital ID checking tool for landlords and employers to help prevent abuse of the UK immigration system. 

A press release published on the UK government’s official website, the technology will ‘make it quicker, safer and more convenient for landlords and employers to carry out right to rent and work checks. 

The checking system will start on 6 April, 2022 and certified identity service providers (IDSPs) will be able to use Identification Document Validation Technology (IDVT) to carry out right to work checks and right to rent checks on behalf of UK and Irish citizens. Source: Work Permit.com

Frugality is good for your health

Spending wisely cannot only improve your bank balance but also your health.  

That’s because Poor spending habits are often linked to unhealthy pursuits, such as smoking, drinking and gambling.

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 

UK inflation has hit 5.4% mainly due to supply chain issues and soaring food and fuel prices, prompting fears that the Bank of England could raise interest rates again next month.

Whilst central banks are saying inflation is transitory, others feel that inflation could run rampant in some economies – driven predominantly by supply chain issues rather than massive surges in market demand. Some could see their currencies being devalued by 10% or more while others accelerate into a deflationary spiral. Fiscal and economic uncertainty and a slowdown in business investment and housing markets could see countries like the US and UK set central bank base rates at 0.1% or lower in the first half of the year, with a maximum of 0.5% by year end.

Prices in the shops for basic every day things have risen much faster than 5.4%. In some cases prices have risen by 50%, for basic items like bread, or package sizes have reduced by 10 to 20%.

The UK is expected to grow faster than any other G7 economy as it comes out of the pandemic with more freedom than its European counterparts.

Goldman Sachs reports that the UK economy will be larger than France and Germany by 2040, largely due to its younger demographics.

Stock markets have been jittery this month, while property continues to boom in the UK and Ireland where demand outstrips supply of family homes.

Agents in some parts of the country cannot get enough houses to cope with demand, but inventory is low and sellers are sticking to their sometimes unrealistic prices. Flats have not enjoyed the same growth.

Can you buy property with ‘No Money Down’?

Bitcoin languishes around $42,000, well off its high last year. Silver has been rising.

How to save money on mobile phone contracts…

NEW BOOK LAUNCH – BORROW AND GROW RICH – SPECIAL OFFER ENDS SOON!

I cover financial education and money mindset in my books, like Borrow and Grow Rich (available on Kindle now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss), which you can order on Amazon.

In this book, you will learn how the power of leverage and inflation can make you rich without working any harder than the average employee. You will also learn the difference between good debt and bad debt and why saving alone will not make you rich.

Borrow and Grow Rich is available for Kindle order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss

DOWNLOAD CHAPTER ONE AND TWO FREE

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DISCOVER HOW THOUSANDS OF ORDINARY BRITS ARE QUIETLY GETTING RICH USING NONE OF THEIR OWN MONEY!

The online ‘No Money Down Discovery’ training will reveal the many ways you can create a job replacing income from property using none of your own money.

Skilled trainers will reveal proven, successful methods for you to cash in on right now, even if you have no previous experience and little to no finance. The knowledge you’ll be taught at this event will include creative and sustainable money-making systems, alongside rock-solid negotiation techniques to help you carve out the deals that will work best for you.

When you join us you will discover:

• The No Money Down Matrix. A system of proven investment strategies guaranteed to secure property with none of your own cash.
• A Step-by-step guide on how to structure a property deal that’s right for you and the vendor.
• The 4 core investing principles you need to secure the perfect deal that creates a long-term cashflowing asset.
• How to cash in on the next big property strategy and control an empire of properties “Rent-To-Own.”
• For deals that do require cash, learn how you can use someone else’s money and quickly recycle it to give them all their money back, and you keep the property for free!
• How to recycle the money you have used to invest and give it back to the partners who gave it to you, leaving you with another cash-producing property to add to your portfolio
• What the Super-Rich do to make a fortune by controlling property without owning it, and how YOU can do the same. Donald Trump uses this very strategy!
• Learn how to do successful Joint Ventures - and become a Money Magnet, attracting more investment partners and more joint venture finance than you can handle
• Learn creative thinking, creative structures and master negotiation skills to make all deals the ultimate win-win

The experienced trainers have all 'been there, done that’ and you can relax in the certainty that you are getting the expert help you deserve! Register your place here.  

To register: https://bit.ly/3FLiyMm

Interest rates in the UK have already risen last year to 0.25% to curb soaring inflation, but the Bank of England may have to raise rates further this year as the cost of living continues to go up for millions of consumers. 

Are you prepared for interest rate hikes?

Do you have a fixed rate mortgage? 

In the UK, HSBC are offering deals as low as 1.29% fixed for 2 years and Halifax will fix your mortgage at 1.43% for 5 years.

We may not see deals like this for a long time if base rates rise this year.

When will stock markets fall?

Many pundits are predicting a crash between now and April, but it is extremely difficult to time the market, especially when governments are doing all they can to prop them up or keep them on ‘life support’!

I would not be putting all my money or pension fund cash into the markets right now, but I could be wrong, and stocks could continue to go ever higher. 

However, what I might gain on an upward swing will be a lot less than I’d lose on a downturn or full-blown crash. You have to make up your own mind or seek financial advice. 

Will property prices go down?

People will always need somewhere to live and wealth, life expectancy and population has increased significantly over the last 50 years. China has taken a billion people out of poverty and become the second largest economy in the world.

However, affordability and interest rates could slow the market down this year.

Property prices generally go up and sometimes fall for a few years, but in the long term they move in an upward trajectory.

If you have a low fixed rate and income, personal or rental, then you should be safe in the long term.

Crypto currencies have taken a hit in the last few weeks, but Bitcoin and Ethereum recovered this week despite Pakistan becoming the latest country to ban all Crypto.

SPECIAL APPEAL

We have witnessed major climate disasters, such as the recent typhoon which has destroyed 90% of homes in the southern islands of the Philippines. While we in the west worry and fret over a shortage of some of our favourite food supplies, millions of people around the world are starving.

You can donate to my Rotary Fundraiser – to provide food, clean water and shelter to the people who have lost their homes and will not be enjoying a merry Christmas. https://www.facebook.com/groups/174851346196950/permalink/1621462918202445/

Financial education in investing is the key to building and keeping wealth. Never stop learning! 

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates. 

Can you get rich by saving alone?

NEW BOOK LAUNCH – BORROW AND GROW RICH – SPECIAL OFFER ENDS SOON!

I cover financial education and money mindset in my books, like Borrow and Grow Rich (available on Kindle now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss), which you can order on Amazon.

In this book, you will learn how the power of leverage and inflation can make you rich without working any harder than the average employee. You will also learn the difference between good debt and bad debt and why saving alone will not make you rich.

Borrow and Grow Rich is available for Kindle order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss

DOWNLOAD CHAPTER ONE AND TWO FREE

https://charleskelly.clickfunnels.com/optin1639410805951

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 

Book now as spaces fill up fast...

#cryptocurrency #crypto #buytoletproperty #property #stockmarketcrash #inflation #financialeducation #freetraining #propetyinvestor #stockmarketinvestment #retirement #stockmarketwarning #Interestrates

Happy New Year! How are your resolutions and plans going?

Do you want to lose weight, get fit, lead a healthier life or do something to improve your finances?

Maybe you’re on a ‘Dry January’ programme?

My gym was full this month of new members hoping to get fit and lose weight, but experience shows that many of them will sadly drop out within a few months.

Keep on target with your goals by making them realistic, achievable and measurable.

Make 2022 your best year ever! See: How will you prosper in 2022? - https://moneytipsdaily.com/how-to-prosper-and-make-your-dreams-become-reality-in-2022

I have just published my new book – Borrow and Grow Rich :- 

https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss  

In this episode I want to introduce a very special guest.

KD Angle is a successful market trader with experience in both futures and stocks who started  trading in 1979 during the last inflationary period. 

Some of his accomplishments include: 

• Starting his own market letter which gave specific trading advice in the early 80’s and was featured in Forbes Magazine. 
• In the 1990s, KD began managing money using his own ‘rules-based’ strategies and later went on to earn more than 60 performance awards from a respected performance reporting company known as BarclayHedge. He retired that career after managing assets of up to 200 million dollars but continues to trade his own capital. 
• Angle has been featured as an expert in his field in two books, the ‘Four Cardinal Principles of Trading’ by Bruce Babcock and ‘The Mental Edge in Trading’ written by Jason Williams MD. 
• Angle’s father turned $2 million into $100 million in the great gold bull market of 1979.

KD recently authored what he considers to be his legacy book entitled ‘Guillotine Investing – Keeping Your Head While Others are Losing Theirs’ where he shares many of his valuable insights that have helped contribute to his own success with the markets.

His book is only available at the book’s website which is called: www.Guillotineinvesting.com

SPECIAL APPEAL

We have witnessed major climate disasters, such as the recent typhoon which has destroyed 90% of homes in the southern islands of the Philippines. While we in the west worry and fret over a shortage of some of our favourite food supplies, millions of people around the world are starving.

You can donate to my Rotary Fundraiser – to provide food, clean water and shelter to the people who have lost their homes and will not be enjoying a merry Christmas. https://www.facebook.com/groups/174851346196950/permalink/1621462918202445/

Financial education in investing is the key to building and keeping wealth. Never stop learning! 

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates. 

Can you get rich by saving alone?

NEW BOOK LAUNCH – BORROW AND GROW RICH – SPECIAL OFFER ENDS SOON!

I cover financial education and money mindset in my books, like Borrow and Grow Rich (available on Kindle now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss), which you can order on Amazon.

In this book, you will learn how the power of leverage and inflation can make you rich without working any harder than the average employee. You will also learn the difference between good debt and bad debt and why saving alone will not make you rich.

Borrow and Grow Rich is available for Kindle order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss

DOWNLOAD CHAPTER ONE AND TWO FREE

https://charleskelly.clickfunnels.com/optin1639410805951

UK house prices have reached an all-time average record of £254,822 in December, according to lender Nationwide. While most stock markets around the world have continued to rise to new highs despite the gloomy economic outlook and a growing new variant 

The average price of a typical house in the UK is now £23,902 more than it was in January, making it the strongest year for price rises since 2006.

Nationwide and the Halifax have predicted the market would slow next year because the stamp duty holiday, which ended in September, forced buyers to bring purchases forward.

Nationwide also said the slowdown could be made worse by the spread of Omicron.

Interest rate factor

Nationwide's chief economist Robert Gardner said that even if the economy remains strong in spite the virus, higher interest rates were likely have a "cooling influence" on the housing market.

"House price growth has outpaced income growth by a significant margin over the past 18 months and, as a result, housing affordability is already less favourable than before the pandemic struck," Mr Gardner added.

The lender could be anticipating further increases to interest rates in the new year. Earlier this month, the Bank of England hiked base interest rates to 0.25% from their historic lows of 0.1% in a bid to curb the threat of rising inflation.

The US is expected to raise rates three times next year to tackle the highest price rises in nearly 40 years.

But the central banks cannot raise rates too high as this will mean higher payments on the trillions in debt they owe to lenders.

Increases in the cost of borrowing will be bad news for people trying to get on the property ladder and could herald the end of the decade long property and stock market boom.

Wales saw the highest growth with prices increasing 15.8% compared to the same time last year. Meanwhile, price increases in London slowed compared to last year, climbing just 4.2%.

In an interview with BBC's Today programme, Andrew Harvey, a senior economist at Nationwide, said the pandemic had caused a change in the behaviour of buyers who had been looking to leave large cities in favour or suburban and rural areas.

"I think London probably has suffered as a result of that," he said.

Average prices change across the UK

• Wales: Up 15.8% to £196,759
• Northern Ireland: Up 12.1% to £167,479
• South West: Up 11.5% to £294,845
• Outer South East: Up 11.3% to £329,869
• North West: Up 11.2% to £196,806
• Yorkshire and Humberside: Up 10.8% to £190,855
• East Anglia: Up 10.4% to £268,146
• East Midlands: Up 10.4% to £221,813
• Scotland: Up 10.1% to £172,605
• West Midlands: Up 9.4% to £227,031
• Outer metropolitan area of London: Up 8.8% to £410,992
• North: Up 7.7% to £148,105
• London: Up 4.2% to £507,230

Source: BBC.

Mr Gardner said it was the first time since 1973, when Nationwide began publishing house price data, that the largest price rises had been seen in Wales.

"Price growth remained elevated in Northern Ireland at 12.1%, the strongest end to the year for the region since 2007," he said.

"Annual house price growth in Scotland was 10.1%, in line with the wider UK."

The year has been dominated by Covid lockdowns and restrictions which saw international flights to the UK slump by 71%, retail giants such as Debenhams go bust and thousands of small businesses and hospitality firms suffer losses.

Other businesses prospered during the last two years. Not just the likes of Amazon, but any business that adapted to the new world of online transactions and Zoom!

I want to thank all my viewers, listeners and readers for all your support this year, and wish you all a prosperous New Year.

See also:

How will you prosper in 2022? – Make 2022 your best year ever!

SPECIAL APPEAL

We have witnessed major climate disasters, such as the recent typhoon which has destroyed 90% of homes in the southern islands of the Philippines. While we in the west worry and fret over a shortage of some of our favourite food supplies, millions of people around the world are starving.

You can donate to my Rotary Fundraiser – to provide food, clean water and shelter to the people who have lost their homes and will not be enjoying a merry Christmas. https://www.facebook.com/groups/174851346196950/permalink/1621462918202445/

Money also migrated so-called safe property havens in the UK, Canada, US and Australia.

Wealthy people have sought second and third passports and residency in countries offering citizenship for cash or property investment. 

Financial education in investing is the key to building and keeping wealth. Never stop learning! 

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates. 

Can you get rich by saving alone?

NEW BOOK LAUNCH – BORROW AND GROW RICH – SPECIAL OFFER ENDS SOON!

I cover financial education and money mindset in my books, like Borrow and Grow Rich (available for Kindle pre-order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss), which you can order on Amazon.

In this book, you will learn how the power of leverage and inflation can make you rich without working any harder than the average employee. You will also learn the difference between good debt and bad debt and why saving alone will not make you rich.

Pre-order BORROW AND GROW RICH before 31 December and I will send you a FREE PDF copy of Yes, Money Can Buy You Happiness.

Borrow and Grow Rich is available for Kindle pre-order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss

DOWNLOAD CHAPTER ONE AND TWO FREE

https://charleskelly.clickfunnels.com/optin1639410805951

Wishing you a happy prosperous New Year!

The Bank of England has raised base interest rates for the first time in more than three years, in response to surging prices and an official inflation rate of 5.1%.

The increase to 0.25% from 0.1% followed data this week that saw consumer prices, used to measure the UK inflation rate, climbing by the fastest rate for 10 years.

Eight of the nine Monetary Policy Committee members voted to increase interest rates despite the Omicron variant slowing down an already weakened economy by causing people to spend less during the Christmas season.

The Bank's action will increase mortgage costs of homeowners and businesses with commercial loans and overdrafts not on fixed rate deals. 

If you have not yet fixed your rate you might want to start thinking about doing so. Talk to your financial adviser.

UK inflation is now running at 5.1%, the highest in a decade and double target rates. The bank governor Andrew Bailey expects inflation to rise to 6% further early next year.

The real rise in the cost increase of living is much higher than the official rate, as many of us are experiencing. The sharp rise in wholesale gas prices is driving inflation, and that is continuing to push up domestic energy bills.

Energy and fuel prices affect the cost of all goods and services, as costs have increased for businesses and suppliers. Wholesale prices of raw materials and commodities have also gone through the roof this year.

Inflation is rising around the world fuelled by ‘money printing’ by central banks on a scale never seen in modern history. The official US inflation is now 6.8%, the highest for over a decade, but half the rate suggested by Shadow Stats which claims real costs are rising by 15%. 

The newly raised rates will increase the cost of buying a home, although they are still near the historic low and unlikely to affect property prices and housing demand unless rates rise further.

The FT reports that Fed officials expect three interest rate rises next year to combat rising inflation.  The markets went up following the announcement!

If you think you will not be adversely affected by interest rates going up, think again. Governments owe trillions of dollars, pounds and Euros to bondholders and will have to pay higher interest rates to service the debt they created. Who do you think is going to pay the interest? That’s right, taxpayers.

Savers will welcome the news as they will earn slightly more on their savings deposits in banks currently earning next to zero.

Don’t get into debt this Christmas

A friendly warning to avoid spending money you don’t have and getting into debt this Christmas, especially with higher credit card rates on the way.

On solution could be to hold a family ‘truce’ on presents or values, or opt out of the spending spree altogether if you can. You can still have a good Christmas without getting into debt and paying for it for it next year.

Financial education in investing is the key to building and keeping wealth. Never stop learning! 

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates. 

NEW BOOK LAUNCH – BORROW AND GROW RICH – SPECIAL OFFER

I cover financial education and money mindset in my books, like Borrow and Grow Rich (available for Kindle pre-order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss), which you can order on Amazon.

In this book, you will learn how the power of leverage and inflation can make you rich without working any harder than the average employee. You will also learn the difference between good debt and bad debt and why saving alone will not make you rich.

Pre-order BORROW AND GROW RICH before 31 December and I will send you a FREE PDF copy of Yes, Money Can Buy You Happiness.

Borrow and Grow Rich is available for Kindle pre-order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss

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UK House prices rose 3.4% in the three months to the end of November, the highest price increase since 2006, and 8.2% higher than a year ago, the Halifax reports.

The average UK property price hit a fresh record high of £272,992 in November, the UK’s largest mortgage lender said. But added that the pace of growth was unlikely to continue next year as household finances come under pressure.

Property shortage and low interest rates drives demand

House prices in the UK have still been going up for the past five months, despite the end of the stamp duty holiday and the massive activity in the first six months of 2021.

The unexpected growth was "underpinned by a shortage of available properties, a strong labour market and keen competition amongst mortgage providers keeping rates close to historic lows," said Russell Galley, managing director of the Halifax.

The figures are based on the lender’s own data and represent an average across all residential property types in the UK. Figures will vary in some areas and properties. Flats have not enjoyed as the same high growth as houses for instance.

How long will historic low interest rates last?

UK economic growth slowed in October while inflation has risen above 4%. Will the Bank of England raise rates this month amidst further restrictions following the Omicron variant?

The Bank of England’s Monetary Policy Committee (MPC) meets again on 16 December.

CEOs dumping shares 

CEOs of companies like Amazon, Tesla and Facebook have sold billions of dollars of their shares in their own companies. Do they know something we don’t?

Don’t get into debt this Christmas

Avoid spending money you don’t have and getting into debt this Christmas.

Have a family ‘truce’ on present values or opt out of the spending spree altogether if you can.

Financial education in investing is the key to building and keeping wealth. Never stop learning! 

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates. 

NEW BOOK LAUNCH – BORROW AND GROW RICH – SPECIAL OFFER

I cover financial education and money mindset in my books, Borrow and Grow Rich (available for Kindle pre-order now - https://www.amazon.co.uk/s?k=borrow+and+grow+rich&ref=nb_sb_noss) and 'Yes, Money Can Buy You Happiness", which you can order on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858

Pre-order BORROW AND GROW RICH before 31 December and I will send you a FREE PDF copy of Yes, Money Can Buy You Happiness.

In this book, you will learn how the power of leverage and inflation can make you rich without working any harder than the average employee. You will also learn the difference between good debt and bad debt and why saving alone will not make you rich.

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.

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