Money Tips Podcast

As prices, wages and inflation soars, the market is pricing a rise in interest rates before Christmas.

The Times reports that economists at Bank of America expect a modest 0.15 percentage point rise in December taking base rates up to .25%.

Base lending rates have not increased since 2018 and in March 2020 during the pandemic the Bank of England slashed rates to an historical low of 0.1%.

Central banks are between a rock and a hard place where they will be forced to raise rates to curb inflation but will pay billions more on their own borrowing. A rise of just 1% will cost the UK an additional £10 billion a year. The cost will be billions more for the US.

1.1 million job vacancies

Job vacancies in the UK have reached a 20-year high, which will slow economic recovery.

The ONS reports that the number of employees on payrolls showed another monthly increase, rising 207,000 to a record 29.2 million in September.

The Institute for Employment Studies (IES) said labour shortages were "affecting the whole economy, and where likely between a quarter and a third is explained by lower migration".

Tony Wilson, director of the IES, told the BBC there were now fewer unemployed people per vacancy than at any time in at least 40 years. This is down to fewer older people in work and more young people in education he said.

The number of vacancies hit another record high of 1.1 million and average weekly earnings, including bonuses, are 7.2% higher than this time last year. Wage rises, which have reach 15-20% in some sectors, are normally followed by higher inflation and consumer prices for all.

Business leaders want to be allowed to import the workers they need to fill labour shortages. However, the government wants an end to low-skilled and low-wage immigration.

The energy crisis is threatening to shut down manufacturing production in the UK within days unless the government takes urgent action. Businesses want the government to protect them from huge increases in energy costs as well as reducing or removing ‘green tariffs’, which puts them at a disadvantage compared to countries like China.

The UK is sitting on a gold mine of natural shale gas that the government will not exploit due to environmental concerns. The US takes advantage of its shale gas which is why prices are one sixth of UK gas.

While China powers industry with coal fired stations, the UK refuses to reopen new coal mines in order to meet environmental targets which Asian competitors ignore.

China’s debt and real estate bubble has not gone away, with Evergrande and Fantasia expected to default on more upcoming debt repayments.

Stock Markets could fall 10%, the Bank Of England has warned

Financial markets and stocks and shares could see a “sharp downturn” with lower expectation of an early economic recovery from the lockdown the Bank of England predicted this week.

How can you protect yourself and profit from a stock market or property crash? 

Even if you do not directly invest in the stock market or property your pension fund manger may be doing so on your behalf. Check with your administrator or financial adviser.

The answer is to learn about investing and become more financially aware. 

Financial education 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.

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...

#interestrates #evergrande #chinacrisis #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #evergrande #chinapropertybubble #bankofengland

With everyone talking about the end of physical shopping, Amazon is opening shops!

Morrisons supermarket UK chain is going through £7 billion takeover.

Costo is booming, Aldi and Lidl are expanding.

Asia’s richest man, Mukesh Ambani (worth $99 billion) is bringing 7-Eleven stores to India, one of the fastest growing economies in the world.

Which is Britain’s cheapest supermarket?

Many stores have suffered in the last year with famous names like Debenhams and Gap disappearing from our towns, but basics like food and other necessities seems to be thriving.

Online retailing and home delivery are still increasing, but there is still room for physical stores.

Financial markets and stocks and hares could see a “sharp downturn” if investors start to reconsider the prospects of economic recovery from the lockdown amid supply problems, rising prices and a spending squeeze, the Bank of England predicts.

The UK’s central bank's financial policy committee (FPC) warned of a “correction”, defined as a drop of at least 10% in the price of a share from its most recent peak. The bank has seen signs of increased risk-taking at investment banks – the people who get paid huge sums to play with other people’s money at the stock market casino!

Stock indexes around the world have hit record levels this year, from a crash in 2020, as investors bet on a strong economic bounce back from the pandemic.

However, worrying levels of inflation have returned to the UK, US and Germany sparking fears that growth could be stunted in the face of supply chain bottlenecks, soaring wholesale natural gas prices and skills shortages.

In the UK, millions of households and businesses are facing a long winter of discontent from a cut in benefits and state support combined with a surge in energy prices not seen since the 1970’s Arab oil crisis which sent economies across the globe into recession.

The Bank is also concerned that higher borrowing during the public health emergency has likely put more businesses at risk.

It said: "The increase in debt - though moderate in aggregate - has likely led to increases in the number and scale of more vulnerable businesses.

"As the economy recovers and government support, including restrictions on winding up orders, falls away, business insolvencies are expected to increase from historically low levels."

Around 1.7 million companies borrowed money under emergency loan schemes, like the bounce back loans, that were launched last year.

Many of them were very small companies without high debt, but desperately needed of cash to avoid immediate collapse. Source Sky News.

China’s debt and real estate bubble has not gone away, with Evergrande and Fantasia expected to default on more upcoming debt repayments.

How can you protect yourself and profit from a stock market or property crash? 

Even if you do not directly invest in the stock market or property your pension fund manger may be doing so on your behalf.

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...

#evergrande #chinacrisis #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #evergrande #chinapropertybubble #pension #drivershortage #bankofengland

As a second property giant fails to pay debt interest investors fear a property collapse in China’s real estate bubble.

On Monday, a Chinese developer of luxury apartments Fantasia missed a $315 million payments to lenders, sparking fears that financial strains in the country's overheated property sector are spreading beyond the troubled Evergrande’s troubles.

The FT reports that Beijing’s crackdown on borrowing by property developers threatens to end China’s love affair with London property.

The latest Chinese debt-ridden property company is Fantasia Holdings, a Shenzhen-based developer which missed repaying $206 million worth of bonds that matured Monday. In a statement to the HK stock exchange, the company said it is assessing "the potential impact on the financial condition and cash position of the group,". Trading in shares, down by 80% this year, were suspended.

The property management unit of Country Garden, China's second largest developer by sales after Evergrande, reported that Fantasia had failed to repay a company loan of about 700 million yuan ($109 million). Fantasia had informed the company that it would probably "default on [its] external debts," to Country Garden Services, according to CNN.

Other Business News

Johnson Promises Wage Boost.

In a speech to the Conservative Party Conference in Manchester, Prime Minister Boris Johnson wants to end the UK’s “low wage economy” fuelled by “uncontrolled immigration”. 

Gas Prices Fall After Putin Boosts Production.

UK wholesale gas prices dropped after hitting a record high after Russia announced a boost in supplies to Europe. Russia President Vladimir Putin calmed the market after gas prices had risen by 37% in 24 hours to trade at 400p per therm on Wednesday. The price fall will be welcome news to millions of British consumers facing record energy prices this winter.

Consumer Price Rise Highest In 25 Years.

Inflation fears as prices rise across the world, sparking fears of hyper-inflation caused by unprecedented money printing. Markets are predicting 6% inflation leading to ‘stagflation’.

Facebook Restores Service After This Week’s Outage.

How did the social media downtime affect you?

How much time do you spend on social media?

Some people admit to more than 10 hours a day screentime, which you can check on most smartphones.

If you are just using social media for entertainment, could you use your time more effectively?

Can you make money on social media?

YES! We can all learn to not only how to use social media, 

but also how to make money on social media…

"Stop Wasting Time On Social Media And Start Making Money Instead"

You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing.

In this FREE webclass you're going to see:

• How to​ use the time you're already spending on the internet to build a digital business in your spare time.
• How to​ get a product to sell if you don't have one already and... how to get it for nothing.
• The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media."

You'll discover all this and more when you watch the webclass below.

I'M READY TO WATCH THE FREE TRAINING NOW!

WATCH THIS TRAINING IF:

• You own a business.
• You want to own a business without quitting your job yet.
• You are serious about building a profitable online business.
• You're tired of wasting time on social media and want to make money instead.
• "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise).

I'M READY TO WATCH THE FREE TRAINING NOW!

CLICK HERE TO WATCH https://bit.ly/38rzLvZ

Spots Fill Up Fast - Limited Seats Available!

#socialmediamarketing #makemoneyonline #WhatsApp #Facebook #gasprices #chinaproperty #stockmarket #propertybubble #evergrande #fantasia #stagflation

Half the global population are now on one of Facebook’s platforms.

How much time do you spend on social media?

Can you make money on social media?

I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t mean us oldies can’t get in on the act!

We can all learn to not only how to use social media, 

but also how to make money on social media…

"Stop Wasting Time On Social Media And Start Making Money Instead"

You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing.

In this FREE webclass you're going to see:

• How to​ use the time you're already spending on the internet to build a digital business in your spare time.
• How to​ get a product to sell if you don't have one already and... how to get it for nothing.
• The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media."

You'll discover all this and more when you watch the webclass below.

I'M READY TO WATCH THE FREE TRAINING NOW!

WATCH THIS TRAINING IF:

• You own a business.
• You want to own a business without quitting your job yet.
• You are serious about building a profitable online business.
• You're tired of wasting time on social media and want to make money instead.
• "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise).

I'M READY TO WATCH THE FREE TRAINING NOW!

CLICK HERE TO WATCH https://bit.ly/38rzLvZ

Spots Fill Up Fast - Limited Seats Available!

#socialmediamarketing #makemoneyonline #WhatsApp #Facebook

The government’s widely anticipated emergency programme to issue temporary visas to up to 5,000 lorry drivers is not enough to fix Britain’s food and fuel supply-chain crisis and is unlikely to attract workers to the UK, haulage chiefs have warned.

Ministers on Sunday announced rushed plans to add 5,000 HGV drivers and 5,500 poultry workers to a visa scheme until Christmas.

Marco Digioia, the head of the European Road Haulers Association representing more than 200,000 trucking companies across the continent, told the Observer that “much more would be needed” than a temporary relaxation of immigration rules. “There is a driver shortage across Europe,” he said. “I am not sure how many would want to go to the UK.”

With staff shortages in other EU countries, such as Germany, attracting people to come and work in the UK for three months will prove a challenge.

The temporary work permit scheme will not resolve the estimated UK shortage of around 100,000 drivers. Setting up the visa scheme and recruit and training and approving the drivers could take several weeks, if not months, and there is also a shortage of 400,000 drivers in Europe. 

The government ruled out deploying HGV driver from the Armed services, which would have provided immediate relief.

Although there are over a million people unemployed in the UK, most will not be licensed to drive heavy goods vehicles. More funding is needed to provide training and support to recruit staff locally.

There are 5 million people on universal credit benefit and 600,000 still on the job retention furlough scheme until the end of September – employers are paid by taxpayers to have staff sitting at home months after the economy has reopened.

Would you like to learn more about property investing?

Free Property Event

Live Online Property Networking Meeting Sunday 3 October 7PM

Master your property investor networking skills as the world moves back to normal! Discover how to create and develop relationships in the property world and maximise your portfolio.

In today’s marketplace, businesses that are operating in the same industry are classed as competitors. But in the world of property, it is the complete opposite.

Fellow property investors are your allies, your motivators, potential JV partners, private funders and more importantly, your reliable support network.

Join great speakers and property investors online at 7:00PM on Sunday 3rd October 2021

Click here to register: https://bit.ly/3zvaBHR

Almost half of new UK mortgages are being made to borrowers who will not have paid off their loans by age 65, according to the trade association, UK Finance.

Longer and lifetime mortgages are part of a growing trend towards people ending their lives in debt to the banks. This compares to a third of borrowers in 2014.

Lifetime mortgages or equity release have become more popular in the last decade after soaring property values have encouraged people seek to pull cash from their homes. More lenders have entered the market and advertise heavily on daytime TV.

Equity release loans can be used to help provide children and grandchildren with a deposit on their first home, supplement pensions or mitigate inheritance tax by reducing the value of the estate left on death.

As a former financial adviser, I met people who lived in mortgage-free valuable homes which they could not afford to maintain or heat.

I also met borrowers who did not know the difference between an interest-only and repayment mortgage. They did not realise that their loan would not be paid off and that they were only paying interest and not capital.

Lenders can demand full repayment of the loan at the end of the mortgage and are not obliged to extend the term.

You should get independent advice if you are interested in releasing equity – borrowing - from your home.

The Bank of England has held base interest rates at 0.1% despite forecasting 4% inflation by the year end. However, the market expects rates to rise in early 2022.

Other articles:

Property Sales Up 32% In August

Free Property event

Live Online Property Networking Meeting Sunday 3 October 7PM

Master your property investor networking skills as the world moves back to normal! Discover how to create and develop relationships in the property world and maximise your portfolio.

In today’s marketplace, businesses that are operating in the same industry are classed as competitors. But in the world of property, it is the complete opposite.

Fellow property investors are your allies, your motivators, potential JV partners, private funders and more importantly, your reliable support network.

Join great speakers and property investors online at 7:00PM on Sunday 3rd October 2021

Click here to register: https://bit.ly/3zvaBHR

China's central bank has declared all transactions of crypto-currencies illegal, in effect banning digital tokens such as Bitcoin.

"Virtual currency-related business activities are illegal financial activities," the People's Bank of China said, warning it "seriously endangers the safety of people's assets".

This is a blow to independent digital “currencies”, as China is one of the world's largest crypto-currency markets.

Is Crypto a real currency?

It is certainly not a reliable and stable way to pay for things. The price of Bitcoin fell by more than $2,000 (£1,460) today following the Chinese announcement.

It is the latest in China's national crackdown on what it sees as a volatile, speculative investment at best - and a way to launder money at worst.

The latest move follows a 2019 ban on trading crypto-currency, which has continued online through foreign exchanges.

China has warned of crackdowns on crypto this year.

In May, Chinese state intuitions warned buyers they have no protection for continuing to trade Bitcoin and other currencies online.

In June, it told banks and payment platforms to stop facilitating transactions and issued bans on "mining" the currencies - the trade of using power hungry computers to create new digital coins.

Friday's announcement is a stark warning yet that China wants to shut down crypto-currency trading in all its forms.

The statement clearly states that anyone involved in "illegal financial activities" are committing a criminal offence and will be prosecuted.

Even foreign websites providing such services to Chinese citizens online is also an illegal activity.

China already has its own digital version of the Yuan, and other central banks are set to follow in a bid to phase own cash and get a tighter grip on our money.

Will other governments eventually ban non-central bank currencies?

How digital coins are mined

The technology behind crypto-currencies, including the leading crypto Bitcoin, is linked on many distributed computers verifying and checking transactions on a giant shared ledger known as the blockchain.

New "coins" are randomly awarded to those who take part in this work - known as crypto "mining".

China, with its relatively low electricity costs and cheaper computer hardware, has become one of the world's main centres for mining activity.

Online gamers blame the mining industry for a global shortage of powerful graphics cards, which miners use for processing crypto-currencies.

Two years ago in September 2019, China accounted for 75% of the world's Bitcoin energy use, but by April 2021 it had dropped to just 46%.

Other money news

• Driverless trucks are here just in time to save us from the so-called driver shortage 
• UK government considering temporary working visas to solve ‘driver shortage’
• Fuel shortage in UK blamed on driver shortage as protestors block Dover port
• Seasonal Agricultural Workers Scheme working visa to be changed to save crops
• Stock market crash avoided as Evergrande comes to an arrangement with creditors
• Half UK mortgage borrowers remain in debt after retirement as living standards fall
• UK base interest rates held as Bank of England predicts 4% inflation and 2022 rate rise

New ‘world order’ is here – wake up!

The world of business has changed forever and unless you adapt your business will decline.

What can you do to take advantage of the changes rather than hoping things will go back to ‘normal’ again? They won’t.

The biggest revolution is the explosion in online trading and social media marketing.

Businesses which have adapted have boomed while others are no longer in business.

Can you make money on social media?

I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t mean us oldies can’t get in on the act!

We can all learn to not only how to use social media, 

but also how to make money on social media…

"Stop Wasting Time On Social Media And Start Making Money Instead"

You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing.

In this FREE webclass you're going to see:

• How to​ use the time you're already spending on the internet to build a digital business in your spare time.
• How to​ get a product to sell if you don't have one already and... how to get it for nothing.
• The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media."

You'll discover all this and more when you watch the webclass below.

I'M READY TO WATCH THE FREE TRAINING NOW!

WATCH THIS TRAINING IF:

• You own a business.
• You want to own a business without quitting your job yet.
• You are serious about building a profitable online business.
• You're tired of wasting time on social media and want to make money instead.
• "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise).

I'M READY TO WATCH THE FREE TRAINING NOW!

CLICK HERE TO WATCH https://bit.ly/38rzLvZ

Spots Fill Up Fast - Limited Seats Available!

#socialmediamarketing #makemoneyonline #china #property #stockmarketcrash #bitcoin #cryptocurrencies

Consumer price rises in the UK saw the highest leap since records began in 1997 as the economy opened up following several lockdowns.

According to official government figures, the increase in the cost of living, as measured by the Consumer Prices Index, reached 3.2% (50% above BOE target) in the year to August, the highest since 2017.

Rising prices for food, petrol and used cars were up from 2% the previous month.

But the Office for National Statistics (ONS) is following the Bank of England’s line describing the August's price increases as "temporary".

The markets barely reacted to the higher inflation figures with London Stock Market prices down slightly this morning.

The main weapon employed by central banks to curb inflation is to increase interest rates. However, this will also increase their own government’s interest payments on the trillions of Pounds, Dollars and Euros they have created to prevent a covid recession and stock market crash.

One thing that’s certain to go up is tax! Tax hikes, like the tax on landlords, to pay for the billions in financial stimulus to rescue the economy during the last year.

How are you adapting to the ‘new world order’?

The world of business has changed and unless you adapt your business will decline.

What can you do to take advantage of the changes rather than hoping things will go back to ‘normal’ again? They won’t.

The biggest revolution is the explosion in online trading and social media marketing.

Businesses which have adapted have boomed while others are no longer in business.

Can you make money on social media?

I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t mean us oldies can’t get in on the act!

We can all learn to not only how to use social media, 

but also how to make money on social media…

"Stop Wasting Time On Social Media And Start Making Money Instead"

You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing.

In this FREE webclass you're going to see:

• How to​ use the time you're already spending on the internet to build a digital business in your spare time.
• How to​ get a product to sell if you don't have one already and... how to get it for nothing.
• The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experience with social media."

You'll discover all this and more when you watch the webclass below.

I'M READY TO WATCH THE FREE TRAINING NOW!

WATCH THIS TRAINING IF:

• You own a business.
• You want to own a business without quitting your job yet.
• You are serious about building a profitable online business.
• You're tired of wasting time on social media and want to make money instead.
• "Stop Wasting Time On Social Media And Start Making Money Instead" (even if you lack time, resources, experience, or expertise).

I'M READY TO WATCH THE FREE TRAINING NOW!

CLICK HERE TO WATCH https://bit.ly/38rzLvZ

Spots Fill Up Fast - Limited Seats Available!

 #socialmedia #socialmediamarketing #inflation #freewebclass #makemoneyonline

The huge Chinese property company, Evergrande, is repaying investors in its wealth management business with property instead of cash this week. The world's most indebted real estate developer faces a crunch this week while investors fear a default.

Major banks have reportedly already been informed they will not receive interest payments on loans that are due this week and further interest payments of $84m (£61m) on the firm's bonds are due on Thursday.

The company's shares dropped by more than 10% in Hong Kong trade on Monday, but are down 90% on its 52 week high.

The multi-billion dollar property business deepening debt problems have triggered fears over the impact its potential collapse could have on China's, as well as the western world’s, economies.

Evergrande grew to be one of China's biggest companies by borrowing a massive $300bn (£217bn).

The Beijing government has recently brought in new laws to control the amount owed by big real estate developers to stave off a potential debt crisis.

This led Evergrande offering properties at major discounts to ensure money was coming in to keep the business afloat, is still struggling to meet the interest payments on its debts.

This uncertainty has seen Evergrande's share price tumble by almost 90% on last year and bonds have also been downgraded to ‘junk’ by global credit ratings agencies.

Businessman Hui Ka Yan founded Evergrande, formerly known as the Hengda Group, in 1996 in Guangzhou, southern China. He is worth $10.6bn, according to Forbes, but that figure may need updating.

Evergrande Real Estate currently owns more than 1,300 projects in more than 280 cities across China.

Evergrande Group now encompasses far more than just real estate development and includes businesses range from wealth management, making electric cars and food and drink manufacturing. It even owns one of country's biggest football teams - Guangzhou FC.

Too much diversification outside of the core business can stretch management and lead to problems.

How will it affect the world if Evergrande collapses?

Thousands of Chinese investors riding the wave of a booming market have bought property from Evergrande ‘off-plan’ even before building work began. They have paid deposits and could potentially lose that money if it goes bust.

The companies that do business with Evergrande stand to lose millions if the company fails to pay outstanding invoices. Firms including construction and design firms and materials suppliers are at risk of incurring major losses, which could force them into bankruptcy.

There are rumours of hundreds of unfinished projects where unpaid constructions firms have downed tools. 

The more worrying aspect is the potential impact on China's entire financial system.

The KEY to building and KEEPING wealth is financial education.

Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy and how some lose it all - Yes Money Can Buy You Happiness. 

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...