Money Tips Podcast

Almost 5 million Granted UK Residence Under EU Settlement Scheme 

Despite warnings of a mass ‘Brexit exodus’ of European migrants, it has emerged that just under five million people were granted the right to live and work in the UK under the EU Settlement Scheme so far, according to official estimates.

Home Office figures reveal that, as of the end of June, some 4,908,760 EU citizens had been granted an immigration status to remain in the country as full freedom of movement to live and work in the UK came to a close following Brexit transition.

EU citizens – as well as people from Iceland Liechtenstein, Norway and Switzerland – and their families were invited to apply to the scheme by the June 30 deadline.

Quarterly data published this week showed that the Home Office had processed 5.5 million applications for settlement by the deadline, with the highest numbers of applications coming from Polish, Romanian and Italian nationals

The latest figures are much higher than the official estimate of how many EU nationals are living in the UK. The Office for National Statistics (ONS) indicated that in mid-2020 this was 3.5 million.

More than six million applications (6,050,860) were submitted between the launch of the scheme in March 2019 and the June 30 2021 cut-off date.

Over 2.8 million applicants were granted settled status, allowing them permanent leave to remain in the UK.

A further 2.3 million (2,327,850) were granted pre-settled status, meaning they need to reapply after living in the country for five years to gain permanent residence or indefinite leave to remain in the UK.

Included in this number, immigration status was granted to 295,890 people from countries like India, Pakistan and Brazil under the scheme, which allows family members who are not EU or European Economic Area nationals to also apply.

The Home Office said: “Across all nationalities, the highest numbers of applications received were from Polish, Romanian and Italian nationals. This has been the trend throughout the life of the scheme.”

There were 109,430 applications refused, 80,600 withdrawn or void, and 79,730 were deemed invalid, where the Home Office decides someone is not eligible to apply or has failed to provide sufficient proof of residence.

The Home Office said 8% of the applications were from “repeat applicants” (472,220).

Among the applications were more than one million from children (1,002,280).

Some 772,260 of the applications from under-18s finalised by the end of June were granted an immigration status, while 32,870 requests were refused, withdrawn, void or invalid, the figures indicate.

In London, Newham saw the highest number of applications to the scheme (142,120). Outside London, the highest number was in Birmingham in the West Midlands (138,490).

It is still not known how many people in the UK are eligible for the scheme but could remain in the country undocumented.

Anyone who has not yet applied may have lost their lawful immigration status after the deadline, although late applications can be made under limited reasonable grounds and the Government has said there is no cut-off date for doing so.

Those who applied before the deadline but have yet to receive a decision are protected under existing rights, subject to the outcome of the application and any appeal.

Anyone who does not apply and continues to live in the UK without being able to prove their immigration status could face enforcement action. Most migrating EU citizens will in future need a work permit to live and work in the UK.

The UK has one million job vacancies including a shortage of lorry drivers and builders, much of which has been blamed on Brexit. However, the latest Home Office settlement figures appears to contradict this claim.

The mainstream media keep spreading rumours that there will be empty supermarket shelves this Christmas because of the lorry driver shortage and Brexit, yet everywhere I look there’s a lorry or van thundering down my street!

You can’t move for delivery vans dropping off goods to people who for whatever reason prefer not to go to a shop.

Finally, if most of our food is imported, would that not be delivered by a lorry from the country from which the food is being sent? Of course it would! That’s why our motorways are clogged up with juggernauts from Spain, Netherlands, Romania, Poland and just about every other EU country. 

Trending

• Tensions rise as China denounces AUKUS Pact between US, UK and Australia

The new world order is here

The world of business has changed and unless you adapt your business will decline like it has for thousands of small businesses as well as companies like Debenhams and Gap.

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!

 #eusettlement #immigration #makemoney #socialmediamarketing #makemoneyonline #euimmigration #ukresidence #workpermit

Tax Landlords and Wealth to pay for social care is the expected policy of the leader of the opposition Labour Party Sir Kier Starmer, the BBC reports.

Is taxing savers and investors the answer?

Will increased taxes on investors and businesses solve the economic crisis?

What can you do to protect yourself?

Barclays offering a 2-year fixed rate mortgage at just .97%!

London offices busy again as staff return to work, with London Transport reporting a 20% jump in passenger numbers. 

£36 Billion Tax Hike, London Property Market Busy As Offices Fill Up

Boris Johnson plans to raise £36 billion with higher taxes to ‘fix’ social care and the NHS.

New dividend tax could hit shares and stock market, as well as pension and investment funds.

Savers and property owners will be hit with taxes and have to pay for care.

Staff shortages hitting businesses.

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!

Chloe was born in London to immigrant parents from the Philippines.

Although they worked hard day and night, money was tight for the family you came to the UK with nothing.

Despite her humble beginning, Chloe showed an early aptitude for learning. She was particularly talented with mathematics and was racing ahead of her school friends after her parents found the money to send her to private Kumon lessons.

At 8-years old Chloe could solve complex equations normally taught to A-Level students. She was even able to demonstrate this skill on her YouTube channel.

The child genius scored 143 on a recent Mensa test, but brains alone are not enough without hard work.

Chloe is extremely disciplined with her time and plans every aspect of her day. She also sets short and long-term goals.

She aims high. Having won a place at one of London’s top high schools starting this month, she has set her sights becoming a paediatrician at Oxford University.

Her now single mum devotes her life to Chloe even if her salary as a care supervisor does not stretch very far when it comes to paying for an expensive uniform or Kumon lessons.

Chloe is an engaging speaking and takes part in pageants and talent shows in her spare time.

Her work ethic and positive attitude are typical of the many migrants who succeed in the UK despite starting with no money, no contacts and none of the advantages of native-born Britons.

Chloe and her mother are an inspiration to us all and I have no doubt that she will go far and wish her every success.

My answer might surprise you…

The highest paid FTSE 100 company executive is the CEO of pharmaceutical giant Astra Zeneca, Pascal Soriot, who earned £15.45 million in 2020 for his part in delivering the covid vaccine to tens of millions of people.

The median FTSE CEO was paid £2.69 million – 86 times the median full-time worker - in 2020, according to the High Pay Centre think tank.

The boss of the credit search agency Experian, Brian Cassin, earned £10.3 million, but CEOs of PLC companies are not the highest paid people in the UK.

Denise Coates, the boss of privately owned online gambling firm BET 365 earned £421 million.

4 Ways Employees Can Get Rich:

• Performance related pay and bonuses
• Salary
• Pensions
• Share or stock options

Millions of small business owners, freelance and self-employed workers earn less than the minimum wage when taking into account the number of hours they put in, and most would be better off driving a bus.

However, most self-made millionaires are business owners who have worked hard building their businesses up over many years.

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: Yes Money Can Buy You Happiness. You can find it on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858

We know exactly what the millionaire habits and traits are, as success leaves tracks. All you have 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 

Millions of people have little or no savings and are worried about financial security. 

In the UK, savers face an estimated savings shortfall of £371 billion to feel financially secure.

Most people are no more than a couple of salary cheques away from bankruptcy and are forced to borrow at high interest rates to cover a minor repair, holidays and Christmas.

Everyone wants to be financially free or just have a little more money coming in each month. The problem is they don’t know how. 

If you are on a fixed salary your options can seem limited. You may have limited opportunities for promotion and starting a business can be expensive and risky.

But what if there was a way to earn extra money on the side, without leaving the security of your job or existing business.

Did you know that you can make money on social media instead of wasting time on it? 

With millions more people turning to the internet to buy goods and services and hold meetings, there has never been a better time to make money online. Internet transactions have reached record levels while traditional retail businesses are suffering. 

"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!

Exclusive free training for my Money Tips Podcast followers!

Welcome To The Course, Mastering Money The S.M.A.R.T Way Without Working Any Harder! 

Lesson #6

TRACK YOUR INCOME AND EXPENDITURE

Welcome to the final module and congratulations on sticking with it. Winners are finishers!

If you can’t measure it, you can’t improve it.

Peter Drucker

In this module, we are going to put it all together starting with monitoring your income and outgoings.

Tracking your income and expenditure is the foundation of gaining control of your finances and accumulating wealth. Unless you know where your money is going you cannot make savings or accumulate cash, which is why I keep repeating this.

Keep a spreadsheet, or an app and you’ll be amazed at the results. 

Good businesses and governments keep accurate records, and produce monthly management accounts. They use cashflow forecasts to project forward to anticipate peaks and troughs and nasty surprises.

When working as a financial adviser, I found that the average person had no idea. A regular annual spike in expenditure, such as Christmas or a service on the car, seemed to come as a big surprise to them.

People in this position were invariably broke or living close to the edge. They constantly worried and argued about money because money controlled them rather than the other way around. 

Any large bill would send them deeper into debt.

Things always seemed to go wrong for them, or that’s how they perceived a car breakdown or the boiler packing up over the Christmas holidays. 

One family I met actually felt that the whole world was against them. The husband, despite being a skilled and intelligent design engineer, was the main problem. He was at odds with everyone and always going to court to dispute late payment fines or parking tickets. He would say things like, “it’s just our luck” or “the system’s a con”. 

The wife said to me, “we just want to be normal”. I could see that the negativity and poverty mindset of the parents was being passed on to their six children who all looked slightly downtrodden and worried. 

In reality, their “disasters” were no different to the things that happened to everyone else. Things go wrong and break down, especially when they are old or not serviced.  

When you are in control of your finances you will still have problems. However, the difference is that you will be able to deal with them quickly without borrowing. You will have a contingency fund and insurance cover for breakdown and repairs or things that happen unexpectedly in our lives, like the death or injury to a breadwinner. That’s what wealthy people have!

You will know you exactly where your money goes and where you can make savings.

Additional income when economising is not enough.

Mastering money is not just about saving money or cutting back. You obviously need to earn well and keep earning, learning and improving.

You can only reduce your expenditure so far. If you want to improve your lifestyle you will have to increase your income. Struggling businesses cannot just cut costs and staff in order to survive. They need sales and revenue.

You can increase your revenue in a number of ways. For instance:

• Change your job or business 

• Upskill to become more valuable to the marketplace

• Take a part-time job or start a part-time home-based business.

How many hours do you work each week?

The majority of people in developed countries work between 35 and 40 hours a week, unless you live in France where some work closer to 30 hours! This is not the case in Asian tiger economies.

Take the example of immigrants who usually progress rapidly in a country like the UK or US. Migrants I know don’t just work a 40-hour week. They take all the overtime offered or have part-time jobs in the evenings and weekends. While others are watching all the ‘bad news’ about the economy on TV, they are out earning money for their own u’conomy!

I know many migrants who came to the UK with “nothing to declare” and no contacts, but quickly prospered. 

I meet migrants at seminars. Some have learned how to make money in property using none of their own money, which is handy, because they didn’t have much to start with!

Others have started online businesses in their spare time or leaned how to trade stocks and FOREX.

If you don’t think you have the time, take a look at how much time you spend watching TV or on social media. Instead of wasting time on social media, I now make money on social media. 

The future is HERE NOW, watch out!

AI, automation and self-driving vehicles are no longer science fiction. Millions of jobs in the west will disappear over the next ten to twenty years, and some predict even sooner. There has never been a more pressing time to learn new skills and upgrade your knowledge.

Jobs no longer last for 40 years and governments around the world have already talked about how to reskill millions of workers who will become redundant when the machines take over, or someone in The Philippines or India can do the job faster and cheaper.

Only 10% of people keep learning after leaving school or college and many never read another book. Where do you think they are in the earnings league? 

You don’t need to go back to years of formal education to reskill. There are thousands of inexpensive vocational courses available at evening colleges and increasingly online. Universities offer part-time courses, from short diploma to master’s degree, specifically aimed at mature and working students. I know, because in 2017 I gained a degree in leadership and management from my local university. All the lectures and tutorials were held at the weekend to suit working students who wanted to improve their prospects and expand their mind.

Summary Lesson 6

Tracking your income and expenditure is the foundation of gaining control of your finances and accumulating wealth.  Wealthy people know exactly what’s coming in and where their money is going.

Action Steps

• Start your money tracker spreadsheet now
• Record all money coming in and going out of your household
• Look ahead and anticipate peaks and troughs in income or expenditure
• Look for ways to earn extra money
• Think about your job in the future
• Never stop learning and upskilling.

Congratulations on reaching the end of this course! 

You have learned how to Master Your Money and become a S.M.A.R.T Money Manager. Using this simple management system will help you to:

Finally, take responsibility for where you are today. Your current bank balance reflects your lifetime decisions, habits and actions. Don’t blame the government, the taxman or your parents.

As one of my mentors, Jim Rohn once said, “If you’re forty, in good health, living in America and broke, something is wrong”. 

We all have the opportunity to educate ourselves, learn from leaders in our field, get a better job or start a business, save and invest and build a better life. 

Yes, some lucky people born into wealth have a leg up in life, but that doesn’t exclude you from the millionaire’s club. Membership to the club is still open and every year millions more join it!

Someone else becoming rich doesn’t deprive you or mean there’s not enough to go around – that’s a ‘scarcity’ mentality. Quite the opposite in fact. Wealth is expanding, wealthy people employ more people, successful business people employ people and help make others rich too.

I repeat. There are more opportunities today to become financially free than there has ever been in 7000 years of recorded history.

Thank you for joining me on your journey to becoming a S.M.A.R.T Money Manager. Remember to follow the action steps. TAKE ACTION!

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, which you can find on Amazon.

Thank you for listening to this course! I hope you enjoyed it.

Would you like to take the next step towards becoming financially free?

Bonus Lesson

You have now learned how to manage you money the S.M.A.R.T way. I have created a special bonus lesson to take you to the next level by showing you how you can create more income!

I will send you the bonus lesson if you follow the steps below and watch my free video training. Just email once you have registered.

Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. We know exactly what the millionaire habits and traits are, as success leaves tracks. All you have 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 

Michelle Seiler Tucker is the Founder and CEO of Seiler Tucker Incorporated. She holds the M&AMI (Mergers & Acquisitions Master Intermediary) title, as well as Certified Mergers and Acquisitions Professional (CM&AP) and Certified Senior Business Analyst (CSBA). Michelle also owns many other businesses in several different industries. As a 20-year veteran in the M&A industry, she is regarded as the leading authority on buying, selling, fixing, and growing businesses. Her and her firm have sold over a thousand businesses in almost every vertical and have a remarkable track record of success. 

In addition to being featured in INC, Forbes, Entrepreneur Magazine, and USA Magazine, Michelle is an international keynote speaker and makes regular radio and TV appearances on Fox Business News and CNBC. She has spoken alongside many prominent speakers: Eric Trump, Arnold Schwarzenegger, Kathy Ireland, Donna Karen, Stedman Graham, Randi Zuckerberg, Steve Wozniak, and more. She is the Best-Selling Author of the book “Sell Your Business for more than It’s Worth” and has a new book coming out called “Exit Rich®.” 

Michelle gives insight into building a sustainable, scalable, and sellable business utilizing her proven techniques outlined in her newest book Exit Rich®. Other topics Michelle can speak on include: 

• ST GPS Exit Model® – Planning Your Exit Strategy from Day One
• ST 6 P’s® - How to Build a Sustainable, Scalable, and Sellable Business
• The 10 Biggest Profit Mistakes
• Sellers Sanity Check/Buyers Sanity Check
• Maximizing Valuations
• How to Create a Bidding War Amongst Buyers

You may also view her sizzle reel by clicking on the link. For additional information on her and her business, you can visit seilertucker.com. 

Her new book, Exit Rich, is an Inc. Original and is endorsed by:

Kevin Harrington – Inventor of the Infomercial, Best-Selling Author, Original Investor Shark on Shark Tank, www.kevinharrington.tv, Steve Forbes - Chairman and Editor-In-Chief, Forbes, Brian Tracy - Author, Speaker, Les Brown - Leading Transformational Speaker and Author, Jack Canfield - Multiple #1 New York Times Best-selling Author of the Chicken Soup for the Soul® series, Tom Hopkins - Author of "How to Master the Art of Selling", Mark Victor Hansen - Co-Creator of the Chicken Soup for the Soul Series, Co-Chairman and CEO of Metamorphosis Energy. For more information on how to Seiler Tucker Inc. www.seilertucker.com

We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you have 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   

Professional property investors make money in property in any market – UP, DOWN or SIDEWAYS! You can make money in property if you know how, and you do not even need to use your own money. You can start with zero capital using many of the ‘no money down’ strategies.

Would you like to learn more about making money from property?

Click HERE for free updates, courses and webinars on how to become a professional property investor in your spare time using other people’s money.

FOR MORE PROPERTY INFORMATION FOLLOW - https://bit.ly/3sjxRa