Money Tips Podcast

A group of charities has sounded warning bells over the growing use of buy-now-pay-later to buy goods.

Citizens Advice, a network of legal, money and consumer groups, said many users were getting into debt and struggling to pay for food and bills.

Buy-now-pay-later (BNPL) is increasingly popular among young people buying online, and at some High Street outlets.

Citizens Advice said many consumers regretted using it and is calling for tougher regulation.

It found that an alarming 45% of 18-to-34 year olds have used the payment option in the last year.

The repayment option is advertised at online checkouts as an easy way of splitting or delaying payments on items such as clothing or electronics, with incentives such as it being "interest-free".

In my experience, “Interest free” is a "slippery slope into debt".

More worrying is that CA discovered that almost two-in-five (5.7 million) who have used BNPL in the last year didn't think it was "proper borrowing" and six million didn't fully understand what they were signing up for.

It found a quarter of consumers regretted paying using these platforms, with consumers frequently saying they cannot afford repayments or are spending more than they expected.

Citizens Advice said firms must overhaul their checkout processes and improve affordability checks.

Both the Financial Ombudsman Service and Financial Conduct Authority had a greater role to play in the protection of consumers and regulation of the industry, it said.

Alistair Cromwell, acting chief executive of Citizens Advice, said: "Buy Now Pay Later borrowing can be like quicksand - easy to unwittingly slip into and much more difficult to get out of.

"It shouldn't be possible for people to sign up for credit without realising, and the fact this is happening so often signals that a drastic overhaul is needed.

"This industry more than trebled in 2020, and while these products work for many shoppers, the regulator has rightly recognised the potential for harm. It must ensure robust consumer protection keeps pace with changes in how we shop," Mr Cromwell said.

Several big - and smaller - names now operate in the fast-growing BNPL market, including Klarna, Clearpay, and Laybuy. PayPal launched a BNPL service last year.

The charity warned that four-in-10 of those who've used BNPL in the last 12 months are struggling to repay. Source: BBC and Citizens Advice.

If you are struggling with debt repayments in the UK, you can talk to the charity Citizens Advice.

Other Money News

City of London Plans To Convert Thousands Of Office Into Residential Units As Workers Staty At Home

Over 50’s Hardest Hit By Unemployment

The Office for National Statistics (ONS) has found older workers are amongst the hardest hit by unemployment over the last year.

The decline in the employment rate for the over-50s has double the rate for those aged between 25 and 49.

The Resolution Foundation added that after losing work, older workers take the longest to return.

The effects of last year’s recession have not fully hit most people. The job furlough scheme, rent and mortgage payment holidays, tenant eviction ban, Stamp Duty Holiday and other government financial stimulus packages have cushioned people from the full blow of the economic downturn. 

Similar packages are running in the US and many are coming to an end or about to expire.

Whilst the government needs people to go out and spend to boost the economy, this is not the time to spend £600 of money you don’t have to buy clothes you cannot afford on credit! 

There is good debt and bad debt. 

An example of good debt is borrowing to buy assets, such as a business or property which put money in your pocket.

An example of bad debt is the lady mentioned above or someone buying an expensive car they cannot really afford on credit. 

Another example of bad or even crazy debt is borrowing to buy more risky investments such as Bitcoin or shares.

See also:

95% Mortgages are back in the UK

Property buyers overpaying to beat the Stamp Duty Holiday

Get your business online today free 

Free…FREE LIFETIME ACCESS. NO credit card needed to start building your website yourself.

https://groovepages.groovesell.com/a/uy9VcdqIvopT

#investment #money #taxreturns #makemoneyonline #groovefunnels #FREE

Home buyers rushing to beat the June Stamp Duty Holiday deadline could be paying far more for an overvalued property than they are saving on the tax?

Inflated property prices keep hitting all-time highs, despite higher unemployment and the worst recession in 300 years, and buyers are paying over the odds, according to a BBC report.

In one example, a house which sold for £325,000 during the first lockdown is now on the market for £400,000! Three couples are trying to buy it before June despite the fact that they have no need to panic. 

I have recently seen dilapidated properties auction sell for £200,000 over reserve, despite needing a minimum of £100,000, and the total outlay being far more than the average price in the area.

Mortgages are proving to be a challenge with surveyors booked up for weeks and lenders becoming choosy about who they lend to. Some sellers would rather take a lower offer from a cash buyer than risk losing a sale due to mortgage issues further down the road.

Stock markets and cryptocurrencies have also hit new highs with buyers jumping on the bull market bandwagon for fear of missing out – FOMO. In my experience, bubbles like these have usually burst leading to market crashes and downturns. 

The Dow Jones index has doubled in 5 years and the Nasdaq has almost tripled!

Overseas buyers from places like Hong Kong are helping to push sales of super-prime London property. In 2020, over 200 properties valued at an average of $18 million were sold in London, more than any other city. Upmarket estate agent Savills reported that they have sold almost 100 £5 million London properties.

The Central London property market is unique and a world apart from the rest of the UK, as well as most of the capital. Billionaires can afford to park up to £50 million into a property and leave it empty for years. 

The price of an average property in the London area is just over £500,000 and half that for the rest of the country. There are also parts of the UK where you can pick up a house for £30,000! 

In fact, since the lockdown started there is a growing trend to move out of the city centres into the countryside creating so-called “Zoom Towns”, where people work from home and hope the wifi is strong enough.

In the UK, GDP rose last month by just under half a percent and EU trade has recovered after a shaky post-Brexit start this year.

How To Start A Money Making Business From Home Without Capital Or Risk

Did you read the story of the man in East London who is making a fortune after starting a home-based business last year when he was laid off from his job during the lockdown? 

What was the business?

Assembling flat pack Ikea furniture! Yes, that’s it. No premises, no rent or overheads – pure profit!

During the lockdown, there was a boom in home improvements and like me most people hate assembling furniture. He jumped in, provided a service that people wanted and is making a pile of money putting together flat pack furniture for thousands of customers.

With pubs and restaurants closed for the lockdown in the UK and Ireland it's a reminder of how vulnerable physical businesses, like pubs, restaurants and shops are to economic downturns or market changes.

At the same time, internet business owners are getting richer. Never in history has more goods been bought on the internet. 

Even before the pandemic, the high street was already under pressure from online shopping, which has exploded in the last few years. 

High rents, taxes and competition from the likes of Amazon and Shopify have driven large retailers, like Debenhams, out of business and forced John Lewis to start closing 70% of its 50 plus stores in the UK.

How does this help you get started online?

The internet has given small home-based businesses an opportunity to compete with the big companies which have dominated the market. They took the best sites in the high street and malls, and often drove small retailers to the wall with massive advertising and undercutting. Fortunately, this has now changed and that’s how you can benefit from the online bonanza.

You can now set up a risk-free online business or store - from home in your spare time - and sell to a potential market of 5 billion people browsing the internet every day looking for solutions to their problems. 

You no longer need to rent a shop or premises and pay high taxes and bills before you make a penny. And you don’t have to quit your job until your business income exceeds your salary. 

Here are 3 simple steps.

Step 1 

Sell solutions to people’s problems

Research your idea or product online – where else! You can check on Google how many people are searching for products or solutions to their problems. For instance, millions of people want to be slimmer and healthier, especially in these times. According to wordstream 450,000 people have recently searched for “how to lose weight” on the internet. Other ‘keyword’ searches like “diet” and “lose weight fast” had similar results. That’s just one niche!

You can literally find out how many people are searching for keyword solutions by checking on Google and specialists like Wordstream and Mondovo absolutely free. Market research like this was previously only available to large companies with large budgets. Now you can access it for free.

You can get up and running with your online business website today for free with GrooveFunnels. For more information…click here  

Step 2

Set up your online business today

Set up an online business selling products that people are looking for (not what you think the market needs), or sell to people online from your existing business, by setting your website online today. You don’t need to pay a designer or software engineer to set up a website, as there are readymade templates and off-the-shelf website pages to get your business started today. In the past, I have spent tens of thousands on websites because they had to be designed and built from scratch, which took months. Fortunately, you don’t have to go through this pain.

You can now build a simple website for free using GrooveFunnels template pages and built-in shopping cart checkout facilities with a click of a button. GrooveFunnels is offering free lifetime access for a limited period only – no credit card required to open and start using your free account. For more informationhttps://groovepages.groovesell.com/a/uy9VcdqIvopT, click here 

Step 3

Now decide what you are going to sell and how and GET STARTED!

Decide what niche you want to be in and what you want to sell. Unless you already have your own products and business (which you may want to change based on your new research on what people actually want) you can start by selling other people’s products and services for a generous commission of between 10 and 50%. This is essentially how some of the biggest companies in the world make billions in profits. 

Booking.com and Airbnb do not own their own hotels and Amazon helps millions of small retailers and authors sell online for a commission.

If you want to start earning cash today, GrooveFunnels will also pay you a commission to recommend their fantastic free software to your friends, colleagues and customers when you open your free account. Find out how to earn money 

Here’s the best part. It’s risk free and no capital investment required! No re-mortgaging your house and borrowing thousands or risking everything to open up a physical business. And you can get started right away. What have you got to lose?

1. One final thing…this free lifetime access is on offer for a limited period only. 

GrooveFunnels only plan to keep this offer open for a short while and will soon start charging at least $99 dollars per month to access the same package you can get for free for life – NO credit card needed…FREE LIFETIME ACCESS. 

https://groovepages.groovesell.com/a/uy9VcdqIvopT

#investment #money #taxreturns #makemoneyonline #groovefunnels #FREE

The UK government has announced the launch of a new 95% mortgage scheme.

• 95% mortgage guarantee launches today, available on high streets across the country
• Scheme part of a range of ownership options to help make home ownership a reality
• New figures show demand for home ownership has soared during lockdown, with nearly 80% of private renters now saving for a deposit

A new government-backed mortgage guarantee scheme, announced in the March Budget, to help people with 5% deposits get on to the housing ladder will be available to lenders from today 19 April 2021, a spokesperson confirmed.

The scheme will help BOTH first time buyers AND current homeowners obtain a mortgage with a 5% deposit to buy a house of up to £600,000 – offering a route to home ownership to those with low deposits.

For more details see https://homebasedbusinessideasuk.blogspot.com/2021/04/property-news-95-mortgages-available-now.html

The government is essentially giving lenders the guarantee they need to provide mortgages that cover the other 95%, subject to the usual affordability checks. In the past, insurance companies provided this guarantee for a premium.

The scheme is now available from major high street lenders across the country today, including Lloyds, Santander, Barclays, HSBC and NatWest and Virgin Money following next month.

In 2019, the government made a pledge to build 300,000 new and attractive homes a year with an investment of over £12 billion in affordable housing over the next 5 years – the largest investment in a decade.

Since 2010, more than 687,000 households have been helped into home ownership through government schemes, but when asked, 69% of private renters and 63% of those living at home who had looked into a mortgage said they cannot find many mortgages with a low deposit. 

The guarantee scheme is one of a range of flexible home ownership options available including: 

• Help to Buy
• Shared Ownership 
• First Homes Scheme. 

Figures show that the number of mortgage approvals for house purchases in January 2021 was 99,000 – a 40% increase on January 2020.

The government has helped over 685,000 households to purchase a home since 2010 through government backed schemes including Help to Buy and Right to Buy.

Taxpayers will bail out banks if loans default and they lose money 

The higher the loan-to-value, the higher the risk for lenders, as borrowers have less skin in the game and can walk away in the event of a property crash or negative equity.

The mortgage guarantee scheme provides lenders with the option to purchase a guarantee on the top-slice of the mortgage, which means the government will compensate the mortgage lender for a portion of any net losses incurred in the event of repossession. In other words, the guarantee applies down to 80% of the purchase value of the guaranteed property.

The guarantee will be valid for up to 7 years after the mortgage has started and evidence shows that loans are unlikely to default after this time.

However, the scheme is intended as a temporary measure and will be open for new mortgage applications from April 2021 to December 2022.

Lenders can still pursue you for losses after you have been repossessed if they do not get their money back on a ‘forced sale’ – usually at auction. 

The government said the current scarcity of high loan-to-value lending is a response to the pandemic rather than a symptom of a longer-term structural change in the mortgage market.

The government will review the scheme towards the planned end date to determine whether extending the period of eligibility for new mortgages would continue to deliver benefits for prospective buyers.

The stamp duty holiday comes to an end in June, prompting fears of a slowdown in the property market. The new guarantee scheme could push prices to new record highs making it more difficult for first-time-buyers to get on the property ladder.  

Get your business online today free with GrooveFunnels. Free…FREE LIFETIME ACCESS. NO credit card needed to start building your website yourself.

https://groovepages.groovesell.com/a/uy9VcdqIvopT

#investment #money #taxreturns #makemoneyonline #groovefunnels #FREE

The Financial Conduct Authority, has announced that mortgage lenders can enforce repossessions of homes from borrowers unable to make repayments. 

As many as 100,000 were on mortgage repayment holidays during the Covid lockdowns, but this came to an end this month. Even more borrowers have not been able to make repayments on loans and credit cards.

The term “repayment holiday” implies that borrowers are being let off, but arrears are added to the loan resulting in higher payments for borrowers already struggling. 

Lenders must follow guidance on when to repossess and only use court action as a last resort.

The courts already have a backlog of all types of cases and bailiffs cannot be instructed by the courts until the end of May at the earliest in England and end of June in Wales, which means landlords may will not be able to gain possession of a property for several months.

Those unable to make repayments can no longer apply for a deferral on mortgage, loan or credit card repayments, however. lenders can consider individual cases of hardship based on their specific financial circumstances.

Will this lead to mass repossessions?

Probably not mass repossessions, but definitely an increase and more motivated and distressed sellers.

Unlike previous recessions, interest rates are at an all-time low – but watch out for those big step-up in payments after an initial fixed rate or discount, as well as HUGE FEES being added to the loan and increasing your debt.

In better news for home buyers, lenders can now accept applications for a new Help to Buy scheme in England. This is a less generous version than the previous scheme and is restricted to first-time buyers.

The Chancellor’s new 95% ‘mortgage guarantee scheme’ announced in the budget is due to be rolled out next year.

With stamp duty holiday ending in August and more people coming off the job retention scheme, the long property boom could be coming to an end. The question is whether or not governments can print their way out of the recession, with massive Trillion Dollar financial stimulus packages to prop up weak western economies, and avoid a looming worldwide depression. 

Is it Possible To Start A Money Making Business From Home Without Capital Or Risk?

With pubs and restaurants closed for months during the lockdown in the UK and Ireland, it's a reminder of how vulnerable physical businesses, like pubs, restaurants and shops are to economic downturns or market changes.

At the same time, internet business owners are getting richer. Never in history has more goods been bought on the internet. 

Even before the pandemic, the high street was already under pressure from online shopping, which has exploded in the last few years. 

High rents, taxes and competition from the likes of Amazon and Shopify have driven large retailers, like Debenhams, out of business and forced John Lewis to start closing 70% of its 50 plus stores in the UK.

How does this help you get started online?

The internet has given small home-based businesses an opportunity to compete with the big companies which have dominated the market. They took the best sites in the high street and malls, and often drove small retailers to the wall with massive advertising and undercutting. Fortunately, this has now changed and that’s how you can benefit from the online bonanza.

You can now set up a risk-free online business or store - from home in your spare time - and sell to a potential market of 5 billion people browsing the internet every day looking for solutions to their problems. 

You no longer need to rent a shop or premises and pay high taxes and bills before you make a penny. And you don’t have to quit your job until your business income exceeds your salary. 

Here are 3 simple steps.

Step 1 

Sell solutions to people’s problems

Research your idea or product online – where else! You can check on Google how many people are searching for products or solutions to their problems. For instance, millions of people want to be slimmer and healthier, especially in these times. According to wordstream 450,000 people have recently searched for “how to lose weight” on the internet. Other ‘keyword’ searches like “diet” and “lose weight fast” had similar results. That’s just one niche!

You can literally find out how many people are searching for keyword solutions by checking on Google and specialists like Wordstream and Mondovo absolutely free. Market research like this was previously only available to large companies with large budgets. Now you can access it for free.

You can get up and running with your online business website today for free with GrooveFunnels. For more information…click here  

Step 2

Set up your online business today

Set up an online business selling products that people are looking for (not what you think the market needs), or sell to people online from your existing business, by setting your website online today. You don’t need to pay a designer or software engineer to set up a website, as there are readymade templates and off-the-shelf website pages to get your business started today. In the past, I have spent tens of thousands on websites because they had to be designed and built from scratch, which took months. Fortunately, you don’t have to go through this pain.

You can now build a simple website for free using GrooveFunnels template pages and built-in shopping cart checkout facilities with a click of a button. GrooveFunnels is offering free lifetime access for a limited period only – no credit card required to open and start using your free account. For more informationhttps://groovepages.groovesell.com/a/uy9VcdqIvopT, click here 

Step 3

Now decide what you are going to sell and how and GET STARTED!

Decide what niche you want to be in and what you want to sell. Unless you already have your own products and business (which you may want to change based on your new research on what people actually want) you can start by selling other people’s products and services for a generous commission of between 10 and 50%. This is essentially how some of the biggest companies in the world make billions in profits. 

Booking.com and Airbnb do not own their own hotels and Amazon helps millions of small retailers and authors sell online for a commission.

If you want to start earning cash today, GrooveFunnels will also pay you a commission to recommend their fantastic free software to your friends, colleagues and customers when you open your free account. Find out how to earn money 

Here’s the best part. It’s risk free and no capital investment required! No re-mortgaging your house and borrowing thousands or risking everything to open up a physical business. And you can get started right away. What have you got to lose?

1. One final thing…this free lifetime access is on offer for a limited period only. 

GrooveFunnels only plan to keep this offer open for a short while and will soon start charging at least $99 dollars per month to access the same package you can get for free for life – NO credit card needed…FREE LIFETIME ACCESS. 

https://groovepages.groovesell.com/a/uy9VcdqIvopT

Canada has announced that it will increase immigration into the country and simplify the process in order to help the economy recover and grow

Canada aims to accept over 400,000 permanent residents each year under the 2021-2023 Immigration Levels Plan. The focus of the new plan will be geared towards economic growth, with the Economic Class accounting for 60% of new admissions.

The new Canadian migrant visas are aimed at increasing numbers of people through the following programmes:

• Self-Employed Persons Program

• Federal Skilled Trades Program

• Federal Skilled Worker Program

• Canadian Experience Class  

• Start-up Visa

In recent years, Indians have made up the largest nationality to obtain permanent residency in Canada. Migrants have been helped by a more straightforward path to citizenship, as well as schemes aimed at attracting entrepreneurs and highly skilled workers. 

According to immigration analysts, the main reason behind increased migrants from the US to Canada is the confusion surrounding the H-1B scheme, as well as the extremely long waiting times for a US green card for Indians.

Immigration is critical for Canada, not only for surviving the pandemic, but also to short-term and long-term economic recovery and growth

Marco E. L. Mendicino, Minister of Immigration, Refugees, and Citizenship said, “As we look to the future, newcomers create jobs not only by providing our businesses with the skills they need to thrive, but also by starting their own businesses.” He added, “Our plan will help to address some of our most pressing labour shortages while also increasing our population to keep Canada competitive on the global stage.”.

To fill critical labour market gaps and remain competitive on the global stage, the 2021-2023 levels plan aims to welcome immigrants at a rate of about 1% of the Canadian population, including 401,000 permanent residents in 2021, 411,000 in 2022, and 421,000 in 2023. 

While Immigration, Refugees and Citizenship Canada (IRCC) continued to accept and process applications throughout the pandemic, global travel restrictions and capacity constraints resulted in a shortfall in admissions in recent months.

In my recent Money Tips Podcast, I interviewed Toronto native, Jas Takhar, co-founded the REC and real estate firm Royal LePage.

Jas, who runs one of the leading real estate companies in Canada and is the author of the book Real Estate Intelligence, pointed out that around three times more homes will need to be built to accommodate new arrivals as well as fast-growing local demand in a hot property market.  

Canada has been a popular destination for migrants from all over the world including Hong Kong, India, The Philippines, Africa and European countries. This is due to a number of factors, such as Canada’s strong economy, migrant friendly policies and healthcare, but especially because their route to permeant residency and Canadian citizenship is so much faster easier than in other countries.  

The UK is also opening up new immigration routes post-Brexit having abandoned former Prime Minister David Cameron’s 2010 target of cutting net migration to the “tens of thousands”. 

However, the UK government has pledged to clamp down on illegal immigration with plans to reduce the number of appeals against deportation. 

UK lockdown slowly coming to an end giving hope to a battered economy.

See also:

Immigration Rule changes opens door to recruit overseas health and senior care staff to work in the UK

Why Migrate Abroad When You Can Make Money From A Risk-free Online Business

Have you ever tried to start an online business, but were then let down by software and web developers, or found web building software, such as Wordpress, too difficult to use? I certainly have.

I recently discovered a new system that changed everything for me. GrooveFunnels software is helping me in my online marketing business – and I was able to setup a website in a matter of hours instead of weeks and months…

It’s easy to use, it works and free to use and get started.

Yes, free Access to GrooveFunnels - the new best way to build better funnels and web pages that sell!

Take a closer look at it yourself, and pick up your free account while you’re there:

https://groovepages.groovesell.com/a/uy9VcdqIvopT

Toronto’s housing market has boomed during the lockdown, but there is still a massive shortage of homes, which will get worse as Canada opens the doors to 400,000 new economic migrants every year.

In this week’s Money Tips Podcast, I interview Toronto native, Jas Takhar, co-founded the REC and real estate firm Royal LePage.

Jas, who runs one of the leading real estate companies in Canada and is the author of the book Real Estate Intelligence, pointed out that around three times more homes will need to be built to accommodate new arrivals as well as fast-growing local demand in a hot property market.  

Key Takeaways:

• Property prices in some parts of Greater Toronto Area grew by 36% last year 
• Jas believes the downtown Condo market is under-priced right now
• Jas puts out 20 pieces of content on social media every day
• Jas podcasts and was a guest on over 69 podcasts last year
• Most salespeople fail to follow-up on prospects
• Mortgage rates from as 1.6% fixed for 5 years
• Canada will recruit 400,000 immigrants a year
• Strong underlying economy

Canada has been a popular destination for migrants from all over the world including Hong Kong, India, The Philippines, Africa and European countries. This is due to a number of factors, such as Canada’s strong economy, migrant friendly policies and healthcare, but especially because their route to permeant residency and Canadian citizenship is so much faster easier than in other countries.  

The UK is also opening up new immigration routes post-Brexit having abandoned former Prime Minister David Cameron’s 2010 target of cutting net migration to the “tens of thousands”. 

UK lockdown slowly coming to an end giving hope to a battered economy.

See also:

Immigration Rule changes opens door to recruit overseas health and senior care staff to work in the UK

Why Migrate Abroad When You Can Make Money From A Risk-free Online Business

Have you ever tried to start an online business, but were then let down by software and web developers, or found web building software, such as Wordpress, too difficult to use? I certainly have.

I recently discovered a new system that changed everything for me. GrooveFunnels software is helping me in my online marketing business – and I was able to setup a website in a matter of hours instead of weeks and months…

It’s easy to use, it works and free to use and get started.

Yes, free Access to GrooveFunnels - the new best way to build better funnels and web pages that sell!

Take a closer look at it yourself, and pick up your free account while you’re there:

https://groovepages.groovesell.com/a/uy9VcdqIvopT

The end of the current tax, or fiscal year, is approaching fast on 5th of April, so not long to make your final plans.

This is the time of year when you should be thinking about using up all of your tax allowance before they are lost forever.  

• ISA's - tax free savings accounts 
• Pension Contributions 
• Marriage allowance - not always claimed
• Tax relief for working at home

Talk to an accountant or independent financial advisor for more advice. It could save you thousands!

In the budget, the Chancellor announced that tax allowances are being frozen, which means that more lower paid people will start paying tax and middle earners will be pushed into higher rates.

The phenomenon known as Fisco drag means that in the next few years over 5 million people will pay higher rates of tax. 

This will affect your savings interest, dividends and rental income. The more you can put into a tax-free environment, like a pension or ISA, the better you are protecting your money from the taxman.

Tax rates on corporations or limited companies will also increase, which means that property investors with their properties in limited companies will pay higher rates of tax. Ironically, many investors moved their properties into a limited company is to avoid paying higher rates of tax as a sole trader. The taxman gets you one way or the other!

Other news

President Biden has started splashing the cash with a mind boggling $1.9 trillion financial stimulation package to boost the US economy. 

Where does all this money come from you may ask? Thin air! They make it up and just print it! Someone will eventually have to pay it back but politicians in western democracies usually only think as far ahead as the next general election - or the one after that. Politicians in China, however, plan decades ahead. 

China is playing the long game and increasing its influence all over the world. It’s economy grew by over 8% last year, while the UK suffered the worst recession in 300 years and borrowed nearly £300 billion.

With economies gradually opening up, businesses are looking forward to a brighter summer this year. 

Interest rates are low and people who have remained in work have more money in the bank due to savings on travel and so on. Lower paid and self-employed workers are not so well off and have suffered badly during the lockdown.

Despite the optimism, unemployment rates have rocketed and thousands of businesses have gone forever. I believe it will take years before the country really bounces back from the unprecedented worldwide shutdown.

Unlike physical businesses, such as shops and restaurants, online businesses have been booming during the pandemic.

Right now has never been a better time start a business selling products and services online - especially if you need extra money

How To Start A Money Making Business From Home Without Capital Or Risk!

With pubs and restaurants closed for the lockdown in the UK and Ireland it's a reminder of how vulnerable physical businesses, like pubs, restaurants and shops are to economic downturns or market changes.

At the same time, internet business owners are getting richer. Never in history has more goods been bought on the internet. 

Even before the pandemic, the high street was already under pressure from online shopping, which has exploded in the last few years. 

High rents, taxes and competition from the likes of Amazon and Shopify have driven large retailers, like Debenhams, out of business and forced John Lewis to start closing 70% of its 50 plus stores in the UK.

How does this help you get started online?

The internet has given small home-based businesses an opportunity to compete with the big companies which have dominated the market. They took the best sites in the high street and malls, and often drove small retailers to the wall with massive advertising and undercutting. Fortunately, this has now changed and that’s how you can benefit from the online bonanza.

You can now set up a risk-free online business or store - from home in your spare time - and sell to a potential market of 5 billion people browsing the internet every day looking for solutions to their problems. 

You no longer need to rent a shop or premises and pay high taxes and bills before you make a penny. And you don’t have to quit your job until your business income exceeds your salary. 

Here are 3 simple steps.

Step 1 

Sell solutions to people’s problems

Research your idea or product online – where else! You can check on Google how many people are searching for products or solutions to their problems. For instance, millions of people want to be slimmer and healthier, especially in these times. According to wordstream 450,000 people have recently searched for “how to lose weight” on the internet. Other ‘keyword’ searches like “diet” and “lose weight fast” had similar results. That’s just one niche!

You can literally find out how many people are searching for keyword solutions by checking on Google and specialists like Wordstream and Mondovo absolutely free. Market research like this was previously only available to large companies with large budgets. Now you can access it for free.

You can get up and running with your online business website today for free with GrooveFunnels. For more information…click here  

Step 2

Set up your online business today

Set up an online business selling products that people are looking for (not what you think the market needs), or sell to people online from your existing business, by setting your website online today. You don’t need to pay a designer or software engineer to set up a website, as there are readymade templates and off-the-shelf website pages to get your business started today. In the past, I have spent tens of thousands on websites because they had to be designed and built from scratch, which took months. Fortunately, you don’t have to go through this pain.

You can now build a simple website for free using GrooveFunnels template pages and built-in shopping cart checkout facilities with a click of a button. GrooveFunnels is offering free lifetime access for a limited period only – no credit card required to open and start using your free account. For more informationhttps://groovepages.groovesell.com/a/uy9VcdqIvopT, click here 

Step 3

Now decide what you are going to sell and how and GET STARTED!

Decide what niche you want to be in and what you want to sell. Unless you already have your own products and business (which you may want to change based on your new research on what people actually want) you can start by selling other people’s products and services for a generous commission of between 10 and 50%. This is essentially how some of the biggest companies in the world make billions in profits. 

Booking.com and Airbnb do not own their own hotels and Amazon helps millions of small retailers and authors sell online for a commission.

If you want to start earning cash today, GrooveFunnels will also pay you a commission to recommend their fantastic free software to your friends, colleagues and customers when you open your free account. Find out how to earn money 

Here’s the best part. It’s risk free and no capital investment required! No re-mortgaging your house and borrowing thousands or risking everything to open up a physical business. And you can get started right away. What have you got to lose?

1. One final thing…this free lifetime access is on offer for a limited period only. 

GrooveFunnels only plan to keep this offer open for a short while and will soon start charging at least $99 dollars per month to access the same package you can get for free for life – NO credit card needed…FREE LIFETIME ACCESS. 

https://groovepages.groovesell.com/a/uy9VcdqIvopT

#investment #money #taxreturns #makemoneyonline #groovefunnels #FREE

Happy St Patrick’s Day!

With pubs and restaurants closed for the lockdown in The UK and Irelands, this will be a very quiet St Patrick’s Day. This is a reminder of how vulnerable physical businesses, like pubs, restaurants and shops are to economic downturns or market changes.

At the same time, internet companies are getting richer. Never in history has more goods been bought on the internet. Even before the pandemic, the high street was already under pressure from online shopping, which has exploded in the last few years. 

High rents, taxes and competition from the likes of Amazon and Shopify have driven large retailers, like Debenhams, out of business and forced John Lewis to start closing 70% of its 50 plus stores in the UK. The historically successful business recorded a loss of £517 million last year, but after store closures and redundancies expects 55% of future profits to come from online sales.

How does this help you get online?

The internet has given small home-based businesses an opportunity to compete with the big companies which have dominated the market. They took the best sites in the high street and malls, and often drove small retailers to the wall with massive advertising and undercutting. Fortunately, this has now changed and that’s how you can benefit from the online bonanza.

You can now set up a risk-free online business or store - from home in your spare time - and sell to a potential market of 5 billion people browsing the internet every day looking for solutions to their problems. You no longer need to rent a shop or premises and pay high taxes and bills before you make a penny. And you don’t have to quit your job until your business income exceeds your salary. 

Here are 3 simple steps.

Step 1 

Sell solutions to people’s problems

Research your idea or product online – where else! You can check on Google how many people are searching for products or solutions to their problems. For instance, millions of people want to be slimmer and healthier, especially in these times. According to wordstream.com, 450,000 people have recently searched for “how to lose weight” on the internet. Other ‘keyword’ searches like “diet” and “lose weight fast” had similar results. That’s just one niche!

You can literally find out how many people are searching for keyword solutions by checking on Google and specialists like Wordstream.com and Mondovo.com absolutely free. Market research like this was previously only available to large companies with large budgets. Now you can access it for free.

You can get up and running with your online business website today for free with GrooveFunnels. For more information…click here.

Step 2

Set up your online business today

Set up an online business selling products that people are looking for (not what you think the market needs), or sell to people online from your existing business, by setting your website online today. You don’t need to pay a designer or software engineer to set up a website, as there are readymade templates and off-the-shelf website pages to get your business started today. In the past, I have spent tens of thousands on websites because they had to be designed and built from scratch, which took months. Fortunately, you don’t have to go through this pain.

You can now build a simple website for free using GrooveFunnels template pages and built-in shopping cart checkout facilities with a click of a button. GrooveFunnels is offering free lifetime access for a limited period only – no credit card required to open and start using your free account. For more information, click here.

Step 3

Now decide what you are going to sell and how and GET STARTED!

Decide what niche you want to be in and what you want to sell. Unless you already have your own products and business (which you may want to change based on your new research on what people actually want) you can start by selling other people’s products and services for a generous commission of between 10%-50%. This is essentially how some of the biggest companies in the world make billions in profits. Booking.com and Airbnb do not own their own hotels and Amazon helps millions of small retailers and authors sell online for a commission.

If you want to start earning cash today, GrooveFunnels will also pay you a commission to recommend their fantastic free software to your friends, colleagues and customers when you open your free account. Find out how.

Here’s the best part. It’s risk free and no capital investment required! No re-mortgaging your house and borrowing thousands or risking everything to open up a physical business. And you can get started right away. What have you got to lose?

Saint Patrick was a fifth century missionary Bishop and is the patron saint of Ireland. As well as being a great missionary, Saint Patrick was also an extremely good organiser of the early church. I’m sure if he was alive today, Patrick would undoubtedly be online preaching all over the web, just as the church is doing so right now.

1. One final thing…this free lifetime access is on offer for a limited period only. GrooveFunnels only plan to keep this offer open for a short while and will soon start charging at least $99 dollars per month to access the same package you can get for free for life – NO credit card needed…FREE LIFETIME ACCESS. 

https://groovepages.groovesell.com/a/uy9VcdqIvopT

As we celebrate International Women’s Week, new research in UK has found that the average woman in her twenties today will retire with £100,000 less in her pension than men.

The BBC reports that the insurance and pension provider Scottish Widows found that women will need to work an extra 40 years just to close the gap.

The main reasons are lower average earnings, greater probability of working part-time or taking career breaks and heavier childcare burden.

The government said its pension reforms had helped millions more women save for retirement.

Scottish Widows research supports other findings that women on average save less than men. During the first 15 years of their working lives, women on average save £2,200 a year, compared to £3,300 for men.

The effects of compound interest means that saving for your pension as early as possible is crucial to your retirement. This applies to anyone saving for retirement. 

As a rough guide, every 5 years of delaying a pension savings plan means your eventual fund can halve in value. In other words, every 5 years you wait, means you will need to pay in twice as much to get the same result. 

When we are young, we think we have all the time in the world. But you may not have as much time as you think. 

For instance, if you are aged 30 now, you have roughly 30 years of working life ahead of you if you plan to retire at 60. Thirty years sounds like an awfully long time, however, if you break it down into pay or salary cheques, 30 years is really just 360 salary payments - 12 per year times 30 years assuming full employment.

Scottish Widows said if women increased their pensions contributions at the start of their careers by only 5%, they could close the pensions gap almost completely by the time they are retired.

Employees in the UK can join work-based pension schemes, which will go some way to providing a pension, but nowhere near enough for a comfortable retirement. Millions of people face poverty in retirement and will be forced to work into their seventies.

Self-employed and ‘gig’ economy workers are even more likely to experience poverty and must make their own pension provision.

If you have no passive income, you can never retire…it’s a simple as that.

What is passive income?

A guaranteed private, company or state pension or income from savings and investments, such as stocks and shares or bonds. However, the value of funds invested in the stock markets can go down as well as up!

Rental income from property can be passive, but probably falls into the semi-passive category as you may still need to do some work even if the property is managed by an agent.

More worrying for both men and women is the pensions timebomb slowly ticking in most western countries. State pension and social security schemes were designed in an age when people did not live very long in retirement and there was a higher ratio of people working compared to those in retirement.

And, these pensions schemes are not even funded, as benefits are paid from working taxpayers.

In other words, they are bust!

The chances of a young person starting work today receiving any state pension are pretty slim if not zero!

What can you do to beat the pensions timebomb?

The short answer is, start saving and investing! However, this is easier said than done when real incomes and job security are falling.

I’ve been there…struggling to pay the mortgage and bills whilst bringing up a family when I was working as a financial adviser early in my career.

As an adviser selling pension plans and investments, I met thousands of clients who could not afford to put enough money away for their pension and pay for everything else.

Even after economising and cutting out waste, many still had very little left over for short-term, let alone long-term savings.

So, what can you do if you have cut back on unnecessary expenditure and really do not anything left to save?

Increase income…

Like any business or country, you cannot just keep cutting expenditure without increasing revenue.

There are a number of ways you can increase income from gaining promotion to getting a higher paid job.

This might be difficult in the current climate, but fortunately there is another way to increase your revenue…without quitting your job or taking any risks.

Start a part-time side hustle

A part-time side hustle or business could easily bring in thousands of Dollars, Euros or Pounds and could replace your full-time job enabling you to quit your job.

What would an additional $5,000 per month mean to you?

Financial freedom…

More time with the family…

Your dream house or car… 

Travel and exotic holidays…

Or the freedom to fire your boss?

Maybe you only need $500 per month to change your life and save for a better future?

I am not suggesting you start a physical business, like a shop, which need requires tons of capital and staff, not to mention risk.

You can start a business from your laptop or smartphone from the comfort of your home, risk free and without spending money on overheads.

The pandemic has shown us that businesses can be successfully run online and that customers are buying more things than ever on the internet.

Maybe you have a business already selling on or offline. 

The best part of online marketing is that you don’t even need your own product to make money.

To get started, you could set up an online business selling other people’s digital products for a business model called affiliate marketing.

There are thousands of people and companies who will pay you generous commissions to sell their products.

Do you need a fancy website?

Absolutely not! You also don’t have to know anything about HTML code or building complicated websites.

I used to get hung up on creating the ‘perfect website’ and spending tens of thousands and many months on a web designer. Or I’d get stuck trying to build my own website.

The truth is, all I really needed was a simple web page or two that sold products – a funnel. And I needed a template or cookie cutter system that I could use myself to quickly put my ideas out there on the marketplace!

Perhaps, you may have tried to set up online businesses or websites but then got stuck…?

Have you ever tried to start an online business, but were let down by software and web developers, or just couldn’t get past a technical issue? I have…yes to all of the above!

It wasn’t until I discovered a new game-changing system that everything changed for me.

GrooveFunnels software helped me launch an online marketing business in hours, and changed my life forever…

Why?

First of all, it’s easy to use. 

Secondly, it works. 

But the real clincher was it was free to use and get started.

Yes, free Access to GrooveFunnels - the new best way to build better funnels and web pages that sell!

- Free for LIFE

- No games. No fine print.

- No credit card needed ever!

- $99/month value… Now free.

- Grab your account while you still can!

The world has changed so much recently.

And during these times, I am always excited whenever I find new solutions to help you in whatever way I can.

I’m sure you’ve heard of software tools designed to help you build websites, sales pages and online funnels.

Because sales funnels are proven to be effective, any such tools could reasonably command high monthly fees to access.

Unfortunately, this could also be out of reach for many business owners and marketers who are on a budget, especially during uncertain times.

This is where GrooveFunnels comes in.

GrooveFunnels is the new, better way to build funnels and sell digital products online.

It’s not just one or two simple tools, or solely a “funnel builder,” either.

This is your complete digital products and services online sales system.

Co-founded by Mike Filsaime, one of the top Internet marketing experts in the world, GrooveFunnels is a suite of products that includes all the tools you need to run your online business.

They have built a complete, all-in-one platform with all the essential tools so you don’t need to worry about multiple subscriptions to a variety of services that would easily add up to thousands per month.

Finally, you can get instant access to practically everything you need to sell your products and services online.

… Including:

- Full product funnels

- Brand websites with full navigation

- Custom domain names

- 1-click upsell capabilities

- Upsells, downsells and order bumps

- The world’s most powerful affiliate program

- And so much more…

Yes, this is a game changer.

And today, for a limited time only, you can get started for absolutely free.

No credit card. Lifetime access. Unlimited usage. Forever.

I’m not sure about you, but I will be switching my entire business over to GrooveFunnels.

Literally everything I need, and save thousands a month in the process.

You’ll have to see it to believe.

Take a closer look at it yourself, and pick up your free account while you’re there:

https://groovepages.groovesell.com/a/uy9VcdqIvopT

Let me know what you think.

P.S. Mike told me that he is making some huge upgrades to his tools over the next several days, and we’re not sure if this will continue to be free for long. However, if you get your account right now, you’ll still be able to keep your account for life, including all the future updates to the tools. Take some time to learn all about the software, but be sure to grab your free account before it’s too late.

As expected, the Chancellor Rishi Sunak has extended the Stamp Duty Holiday for a further three months to help sellers and buyers complete transactions.

Budget Main Points

Covid-19 Support Extended

• Furlough extended to end of September

Property Investor Takeaway

Economy and Borrowing

• UK economy plummeted 10% in 2020
• Economy forecast to rebound in 2021 by 4% 
• Economy forecast to rebound to pre-Covid levels by mid-22, with growth of 7.3%

Tax

• Income tax, national insurance or VAT – no changes
• Personal income tax allowance frozen at £12,570 from April 2022 to 2026
• Higher rate income tax threshold frozen at £50,270 from 2022 to 2026

Business

• Tax breaks for firms to "unlock" £20bn worth of business investment

The government will publish full details of these changes over next few days and weeks.

Some property experts expect property prices to rise due to a combination of fiscal stimulus (money printing and government borrowing), stamp duty holiday extension, historically low interest rates and the return of a 95% mortgage free-for-all! 

Property investors should look to new relaxed planning rules being introduced, which will make it easier to convert and repurpose commercial buildings.

A word of caution. 

Printing money on a scale not seen since the Second World War could lead to inflated asset prices (prices of stocks and shares, commodities, property have already risen sharply), higher inflation and higher interest rates. If this happens, the rate on mortgages will rise and this could cause serious financial issues for those borrowers with large mortgages.

Buy right and get the right property training – contact me on FB for free property courses.

Unemployment figures are still high especially for the 18–24-year-olds. Now is the time to learn new skills and think about starting an online business, which can be done with virtually no capital compared to a physical business. 

Have you tried to start an online business, but been let down by software and web developers?

New free game changing system to help launch your online marketing business and change your life…

Free Access to GrooveFunnels - the new best way to build better funnels

- Free for LIFE

- No games. No fine print.

- No credit card needed ever!

- $99/month value… Now free.

- Grab your account while you still can!

The world has changed so much recently.

And during these times, I am always excited whenever I find new solutions to help you in whatever way I can.

I’m sure you’ve heard of software tools designed to help you build websites, sales pages and online funnels.

Because sales funnels are proven to be effective, any such tools could reasonably command high monthly fees to access.

Unfortunately, this could also be out of reach for many business owners and marketers who are on a budget, especially during uncertain times.

This is where GrooveFunnels comes in.

GrooveFunnels is the new, better way to build funnels and sell digital products online.

It’s not just one or two simple tools, or solely a “funnel builder,” either.

This is your complete digital products and services online sales system.

Co-founded by Mike Filsaime, one of the top Internet marketing experts in the world, GrooveFunnels is a suite of products that includes all the tools you need to run your online business.

They have built a complete, all-in-one platform with all the essential tools so you don’t need to worry about multiple subscriptions to a variety of services that would easily add up to thousands per month.

Finally, you can get instant access to practically everything you need to sell your products and services online.

… Including:

- Full product funnels

- Brand websites with full navigation

- Custom domain names

- 1-click upsell capabilities

- Upsells, downsells and order bumps

- The world’s most powerful affiliate program

- And so much more…

Yes, this is a game changer.

And today, for a limited time only, you can get started for absolutely free.

No credit card. Lifetime access. Unlimited usage. Forever.

I’m not sure about you, but I will be switching my entire business over to GrooveFunnels.

Literally everything I need, and save thousands a month in the process.

You’ll have to see it to believe.

Take a closer look at it yourself, and pick up your free account while you’re there:

https://groovepages.groovesell.com/a/uy9VcdqIvopT