Money Tips Podcast

Every year, we change from one year to another, but last year it seemed that we were changing from one tier to another! 

This is a time to reflect on how things have gone for us, especially since 2020 was the strangest year in our lifetime.

Of course, there have been losers, but there have been massive winners too.

People running or adapting to an online business models have seen their wealth grow, while many traditional retailers have collapsed.

The point is, it’s not the economy that matters is YOU and your U’Conomy

Brexit has happened and the UK is now out of the European Union, but not out of Europe.

We are entering an exciting new phase for the United Kingdom, which is now free to trade with the rest of the world on its own terms.

For most people, life will go on unchanged, but there will be changes to our lives.

If you run a business which exports imports goods you will need more paperwork. Companies like Amazon have already informed their sellers about what they need to do.

The UK is largely a service-based economy and you can easily start a business offering services.

Before Christmas most of the country went into higher tier restrictions and the Port of Dover was lined up with lorries on the motorway while the French blockaded the port of Calais – nothing new about that sort of behaviour from a country which still wants to fish in British waters after we leave the European Union!

The UK was effectively put under martial law, with much of our freedoms and rights removed as we were told that we could not travel to different parts of the country.

Will I need a Visa to go to Spain? I doubt it. EU passports were always checked or scanned. It was just quicker to stand in the EU line rather than the non-EU passport queue.

Have you made a whole bunch of new year’s resolutions? It’s at this time of year when most people would join a gym or start a diet. This might not be possible at the moment, but our intentions are still good even if we don’t always stick to them.

If your goal is to make more money will become financially free, then you’re in the right place. This year I will continue to bring you money tips to help you save and invest accumulate and enjoy more money.

As we see many shops and physical businesses struggling, the fact is there has never been a better time to start an online business.

Parcel deliveries and online purchases reached record levels last year.

At the same time, we saw a major retailers like Debenhams, John Lewis, Arcadia and others close down stores or go into administration.

Whilst it’s true that the coronavirus pandemic acted as a catalyst to speed up the decline of the High Street, the fact is some had been in decline for a number of years.

Despite this, small businesses continue to open up shops and other physical businesses investing tens of thousands of pounds in the hope that customers would come through the door.

I have seen so many small shops come and go in the last five years that I despair.

Traditional retail businesses work on the basis of finding somewhere in the town centre where there is footfall, and opening up a premises which they usually rent from a commercial landlord who requires the owner to sign a lease with a personal guarantee. This means that unlike Arcadia’s billionaire owner Sir Philip Green, they are personally liable for the lease rental payments.

They invest tens and even hundreds of thousands of pounds of their hard-earned savings, redundancy money or money borrowed against their home to open up a shop, fit it out and buy stock.

Then they have rent, business rates, salaries, taxes and other running costs which let’s say cost them a further £50,000 a year - £1000 per week.

The owners never seem to work out that you have to sell a lot of items costing between £1 and £10 just to cover the thousand pounds per week running costs, let alone your normal start-up costs.

In most cases, the same business could be set up online through an Amazon store EBay or shopify for free, or at a fraction of the cost.

There would be no staff costs or salaries, business rates and rent to pay. You would not even have to buy and store stock as this could be fulfilled from the supplier of the goods being sold.

More importantly, the business concept could be market tested at a tiny fraction of the cost and time it takes to open a physical shop and find out six months down the road that people did not actually want the stuff that you were selling or could buy it cheaper elsewhere. In other words, someone opening an online business can avoid bankruptcy and financial ruin and would not even have to give up the daytime job whilst starting the business.

I think you get the message. It is absolute madness for most businesses to open a shop in the High Street unless they have something that is tried and tested online and very deep pockets, like Apple.

Even fast food can be sold and run online from non-retail sites.

Most people don’t realise that companies like Amazon, eBay and Groupon have actually given smaller retailers the opportunity to compete with the giants.

Amazon largely acts as a matchmaker for people selling their products to Amazon customers. It has made its owner, Jeff Bezos, one of the richest men on the planet.

Huge companies like Uber and Airbnb, which made it stock-market debut last year, do not actually own cars or properties. They put customers in touch with hosts for a commission in the middle. These companies have become so successful and disruptive, that traditional businesses want to have them banned from their cities.

Did you know that you could also start a business acting as a matchmaker and selling other people’s products? That’s right, you don’t even have to invent or manufacture a product. There are millions of companies which will pay you a commission for introducing a customer to the product or service.

Furthermore, you can set up an ‘affiliate marketing’ business - selling other people’s products - part time, for very little cost and run the business on your laptop or smartphone from your home or anywhere in the world for that matter!

You don’t have to give up your job, re-mortgage your house or gamble your life savings to start making money online.

Okay, if it’s that easy then why isn’t everybody doing it? Well, first of all millions of people are doing it, so you should be asking yourself why are you not doing it!

In reality, the vast majority of people are simply not aware that this opportunity even exists. They think you have to invent a product or write a book or literally ‘reinvent the wheel’ in order to start a business.

People spend years writing and perfecting a book or an idea only to find that nobody wants to buy it. You see people on shows like Dragons’ Den or Shark Tank who have spent hundreds of thousands of pounds on a product which they, or their relatives, thinks that everybody needs, but sadly nobody wants.

I can hear some of you saying, “I’ve tried that affiliate marketing and it doesn’t work. “

Like any business, you need to know what you’re doing and will need to invest some time in learning.

Fortunately, there are now many free resources and very inexpensive courses which can help you get started…watch this space!

A have happy and successful 2021!

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

Whatever New Year’s resolutions you make, set realistic, achievable goals and write them down!

Here are my 7 goals to transform your 2021: 

• Review your finances and start saving

• Review your consumer debts and credit cards

• Review you spending habits – Use the 3 R’s

• Review your utility suppliers – energy and mobile phone

• Review ISA and Pensions and use tax allowance

• Review your Will and inheritance tax liability

• Review Tax – have you submitted your tax return yet?

More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com

• Coronavirus lockdown financial lesson 

• What changes should you make in 2021?

• Tourist tax plan will wipe out jobs

• Wealth-tax planned on middle class

• Will stamp duty holiday be extended?

• Biggest economic decline in 300 years

• UK national debt now exceeds £2 Trillion 

• Government borrowing will reach £394bn

• Average house prices reach an all time high

• Thousands trapped in unsellable leasehold flats

• Government extends ban on landlords evicting tenants 

• Why UK Property prices rising after stamp duty cut, despite the downturn?

• New planning rules will open up more opportunities to make money in property

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

In 2004, I attended an amazing three-day leadership Summit in Anaheim California. It was organised by the late great Jim ‘how to have your best year ever’ Rohn with a host of other speakers including Brian Tracy, Denis Waitley and Charlie ‘Tremendous’ Jones!

It was one of the best organised events I’ve ever attended. I bought a gold ticket and was given an allocated seats three rows from the front.

As I walked into this massive room with about 2000 people in attendance, there was a loud rock music playing and lights flashing with cameras flying all over the place recording every moment. To say the atmosphere was electric was an understatement. It was like an earthquake of energy.

I was pleased to have an allocated seat because I hate that scrum you get when the doors open. People charging up the aisles to reserve a good seat. This was civilised and organised.

During the intervals you didn’t have to queue up through one door to get out. All the side doors were opened and right opposite where the line of tables with a drink station of water and free coffee. There are no long queues and waiting 20 minutes to get a coffee.

I sat down on my seat and said hello to the people either side of me, one of whom was a friendly young guy called Jeff Roberti.

I got chatting to him and asked him what he did. He said he was a network marketing.

Immediately I thought, okay, struggling multilevel marketing who has invested a fortune in stock pod up in his garage and he’s not making any money. My assumption could not be further from the truth.

Turns out Jeff had gone from being a waiter in Florida to joining a vitamin company and building a massive worldwide team. At the time I met him, he had just passed the “$50 million in commissions”. I later had a chance to meet Jim Rohn who knew Jeff very well and confirmed his $50 million success story. I contacted Jeff 10 years later and he was pushing $100 million and still with the same company.

Later that day, one of the speakers gave us an exercise. He asked us to turn to the person next to us and exchange our number one best tip for success.

I turned to Jeff and he started with his tip.

He became very serious and looked me in the eye and said:

“Charles, if you want be successful you have to focus on one thing at a time and keep doing that thing to the best of your ability until you succeed”

He added that when he was a waiter, he was the best waiter in the restaurant and when he joined the vitamin network marketing company, he gave it everything he had with all of his focus and attention.

Then he said okay now it’s your turn.

How the hell can I follow that? What am I going to say to him? He is my tip to make another $50 million! I can’t even remember what I said but I mumbled some rubbish and he thanked me.

What am I saying here? Am I telling you to join a network marketing company, no! You have to find whatever is right for you, but whatever it is, you must focus with all your attention and energy on that.

Nowadays, we are bombarded by millions of messages and advertisements on social media, email and television all seeking our attention.

People find it so hard to focus and concentrate that they can barely finish a book.

It’s so easy to hop from one thing to another chasing that shiny penny like a lost butterfly.

I’ve just completed a mindfulness course and part of being mindful is developing the ability to focus. Focusing on your breathing for instance.

Most people find it difficult to focus on one thing at a time. Their minds drift from subject to subject like a butterfly. Mindfulness teaches you to keep coming back to your breathing. Just focus on your breath.

In your business and career this can often lead to a lack of success.

The ability to focus is crucial to success in any endeavour.

I once heard a talk by Brian Tracy who said that he was always amazed that the dumbest kid in the class often turned out to be the most successful. He joked at how it is always so annoying to find that somebody dumber than you, is richer than you.

What Brian was really talking about was that they are the people that just focus on one thing rather than multi-tasking on dozens of things.

My mother told me a story about when she was growing up in Ireland in the 1940s. There was one boy in class who are so dumb that he tried to push a donkey with two baskets on its back through an narrow gate. Everybody could see that there was no way the donkey could get through with two baskets either side of his back. At this boy did was to keep pushing it.

A few years later houses in rural areas were being wired for electricity. This same “dumb” boy watched how they did the job and somehow picked up on it.

He then went on to wire every house in the area making a substantial amount of money and building a new business. That’s all he focused on wiring houses.

Of course, being branded as dumb just because you are not academic is entirely wrong and discriminatory. Just because somebody is not academic it does not mean that they are not intelligent or ignorant. After all, not everybody is interested in the classics, literature and poetry – the sort of knowledge that Napoleon Hill described as the kind of “general” or non-specialised knowledge is not needed to make a fortune. 

We now though that IQ, largely measured by solving problems, is not the only measure of intelligence.

Footballers are often mocked because they appear to be stupid and inarticulate and uneducated. This is a snobbish middle-class view of intelligence.

Wayne Rooney was ridiculed for being stupid in the media. Yet he had an amazing ability on the field to analyse complex positions and situations of play. He could judge the accuracy of the shots or pass with uncanny ability. He could also time a header or an overhead kick of a ball flying through the air at 50 mph and score a goal. Just because he lacked academic ability, because he spent his youth focusing solely on developing his skills as a footballer, does not mean that he is dumb.

If you want to have your best year ever, use mindfulness and focus to concentrate on the really important things that matter to you and your family most. Don’t waste your time on distractions or get hung up because you can’t answer the questions on Who Wants to be a Millionaire!

Set your goals and targets and keep focusing on them. And when you mind wanders, keep “coming back to the breath”.

I wish you a very merry Christmas and a happy and prosperous new year!

More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com

By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

What changes should you make in 2021?

More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com

• London goes in Tier 3

• Tourist tax plan will wipe out jobs

• Wealth-tax planned on middle class

• Will stamp duty holiday be extended?

• Biggest economic decline in 300 years

• UK national debt now exceeds £2 Trillion 

• Government borrowing will reach £394bn

• Average house prices reach an all time high

• Thousands trapped in unsellable leasehold flats

• Government extends ban on landlords evicting tenants 

• Why UK Property prices rising after stamp duty cut, despite the downturn?

• New planning rules will open up more opportunities to make money in property

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

As the vaccine rollout starts, will the drug companies make huge profits and should you follow Warren Buffett by investing in big pharma shares? 

More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com

• Tourist tax plan will wipe out jobs

• Wealth-tax planned on middle class

• Will stamp duty holiday be extended?

• Biggest economic decline in 300 years

• UK national debt now exceeds £2 Trillion 

• Government borrowing will reach £394bn

• Average house prices reach an all time high

• Thousands trapped in unsellable leasehold flats

• Government extends ban on landlords evicting tenants 

• Why UK Property prices rising after stamp duty cut, despite the downturn?

• New planning rules will open up more opportunities to make money in property

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

Luxury goods and hospitality sector urge Rishi Sunak to drop planned tourist tax

Harrods look dead just two weeks before Christmas

Brexit negotiations in deadlock as deadline looms

GDP slows prompting more recession fears

More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com

• Wealth-tax planned on middle class

• Will stamp duty holiday be extended?

• Biggest economic decline in 300 years

• UK national debt now exceeds £2 Trillion 

• Government borrowing will reach £394bn

• Average house prices reach an all time high

• Thousands trapped in unsellable leasehold flats

• Government extends ban on landlords evicting tenants 

• Why UK Property prices rising after stamp duty cut, despite the downturn?

• New planning rules will open up more opportunities to make money in property

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

In case you’re wondering how we are going to pay back all of this money that the government have printed and borrowed this year, take a look in the mirror.

A one-off tax grab on wealth above £500,000 could recover much of the £280 billion the government has spent fighting coronavirus this year, according to a group of experts.

A commission was set up led by assistant Professor Arun Advani at Warwick University last April to look into a wealth tax in Britain.

Measures being considered include a 5% levy on:

• housing
• pensions
• business
• equity and 
• savings wealth. 

At £500,000, around 8 million Britons, or one and six adults, would be hit by the wealth tax. 

Setting the threshold at £1 million would raise roughly half this amount and at £10 million would raise just £43 billion from 22,000 people. 

The average three-bedroom house in most of the south-east cost the best part of half a million.

Stealing people’s money is not uncommon in Europe. Let’s not forget Cyprus where the government stole its citizens bank balances to pay for their mess. 

Phasing out cash for digital currency would obviously make this much easier. Currently there is around £50 billion of cash in circulation.

An Economist I know told me recently that he was looking into the average person’s bank balance and found it had gone up by £8000 this year due to reduced spending.

There is further bad news on the horizon for property owners as the government steps up measures to meet climate control targets.

The average bill for householders could be as high as £8000 to make their homes more energy efficient.

Fossil burning boilers will be phased out by 2028 and gas boilers by 2030. 

The government is expected to bring forward the ban gas boilers on new homes from 2025 to 2023. 

The government are also expecting us to eat 9% less meat by 2025 and 20% less by 2030 and also to reduce our consumption of dairy products by 20% over the next 10 years. 

We will also be forced into exchanging our old petrol cars for overpriced electric vehicles, that’s assuming their will be any road space left on which to drive them!

This week, Boris Johnson is making last ditched attempt to secure a deal with the European Union. Personally, I think we will end up with a watered down, fudge of a deal we concessions being made on both sides.

The stock market went up on use of the vaccine but the pound went down on fears of a no deal Brexit!

The shops are blooming it again following the end of the lockdown and supermarkets had the best month ever in November. 

More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com

• Will stamp duty holiday be extended?

• Biggest economic decline in 300 years

• UK national debt now exceeds £2 Trillion 

• Government borrowing will reach £394bn

• Average house prices reach an all time high

• Thousands trapped in unsellable leasehold flats

• Government extends ban on landlords evicting tenants 

• Why UK Property prices rising after stamp duty cut, despite the downturn?

• New planning rules will open up more opportunities to make money in property

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

The national debt reached £2.08 trillion by October 2020, up £276.3bn since the start of the financial year.

Monthly borrowing, required because the treasury is spending more than it earns in taxes due to the recession, reached over £40bn in April and close to that again in May of this year following the first lockdown. Borrowing is on target to exceed £300bn for the year since the start of the coronavirus crisis.

The UK economy bounced back in the third quarter, but will falter again due to the current second lockdown which is killing businesses and jobs. Two more high street clothing chains went into administration this week putting thousands more jobs at risk.

UK debt exceeds the size of the UK economy, with debt having reached 100.8% of the country's gross domestic product (GDP).

Debt levels of this magnitude have not been seen since the early 1960s while paying off the debts of World War Two.

Whilst the government always repays debt on due dates, it has to borrow new money - and take on more debt - to do so, like people do when living on credit cards or “robbing Peter to pay Paul”.

More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com

• Property prices fall in London

• Job Furlough Scheme extended

• UK state pension age rises to 66 

• How a crash will affect your pension plan

• House prices rise will reach all time high

• Why live in expensive town centres anymore?

• Thousands trapped in unsellable leasehold flats

• Government extends ban on landlords evicting tenants 

• Self-employed, have you claimed your government grant?

• Why UK Property prices rising after stamp duty cut, despite the downturn?

• New planning rules will open up more opportunities to make money in property

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

Heal your money wounds the Japanese way with Ken Honda Japan’s #1 bestselling personal development guru. Ken will take you on a journey where he will teach you the Japanese art of healing your money wounds and making peace with your money. Too often, money is a source of fear, stress, and anger, often breaking apart relationships and even ruining lives. We like to think money is the centre of our lives and everything depends on our financial status, but Ken challenges our beliefs to install more liberating perceptions of money and delivers concrete tools that have the power to change your life. Click to join his free masterclass – Click: https://bit.ly/2GqyYki

Buy to let landlords and property investors could be hit with another tax blow to the solar plexus.  

Someone has to pay for all of this money they are printing and throwing around, so why not even investors saving for their retirement? Who is going to have sympathy for them?

Estate agents report a sharp fall in activity and asking prices in the London property market.

Larger houses in the suburbs are in demand but the flats and London properties sales are sluggish and have dropped off sharply since the summer mini-boom.

UK economy recovered in the third quarter but slowed after the end of the heat out to help out campaign ended.

UK economy recovers in third-quarter but is expected to slow in the last quarter following the second lockdown.

Last week, the Chancellor, Rishi Sunak announced a raft of new stimulus measures, which could cost the Treasury £6billion on top of billions already spent this year propping up the economy. 

Mr Sunak also increased grants for self-employed workers to 40 per cent of the average profits, up to a maximum of £3,750 a month, which could cost about £3billion.

Government borrowing was revealed to be running at £1billion a day during the pandemic. 

More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com

• New Job Support Scheme

• Welsh Government lockdown

• UK state pension age rises to 66 

• Emergency help for energy bills - Ofgem

• How a crash will affect your pension plan

• House prices rise will reach all time high

• How to avoid bankruptcy in business

• Is this the end of office work as we know it?

• Why live in expensive town centres anymore?

• Thousands trapped in unsellable leasehold flats

• Government extends ban on landlords evicting tenants 

• Self-employed, have you claimed your government grant?

• Why UK Property prices rising after stamp duty cut, despite the downturn?

• New planning rules will open up more opportunities to make money in property

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

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Pressure is mounting on the UK government Chancellor Rishi Sunak to extend the stamp duty holiday in order to avoid thousands of property purchases falling out of bed because they cannot meet the 31 March deadline.

• Experts warn thousands of property transactions will run out of time and collapse 
• Thousands of Mortgages approved on the basis that no stamp duty is payable 
• Tens of thousands will miss the 31 March stamp duty holiday deadline
• Borrowers could have to find up to £15,000 more to fund their purchase
• Lenders were may withdraw mortgage offers, causing thousands of transactions to collapse
• Not enough man power in the market to get these transactions through before 31 March 2021 
• Mortgage processing delays, shortage of surveyors and solicitors available to complete legal work 
• Bank of England figures published this morning reveal a spike mortgages approved in October
• Mortgages up 5.9% on previous month to 97,532 and 51% up on the same period last year. 
• HMRC figures showed housing transactions hit 105,630 last month, up 9.8% on September 2020 
• Transaction completions generally follow mortgage approvals by between three and five months
• Zoopla is predicting transactions in December to hit 140,000, the highest December since 2006
• Mortgage rates rising despite record low Bank of England base near zero lending rates
• Mortgage lenders hiking rates amid the scramble taking advantage of borrowers’ panic 

Anthony Codling of property analysis firm Twindig said: 'The average rate for a new 95 per cent 2 year-fixed rate mortgage was 4.09 per cent in October 2020, an increase of 35 per cent since the start of 2020, according to the Bank of England.

House prices shrugged off the economic hit from Covid-19 have risen by about 6% this year

Andrew Wishart, UK economist at the research house said: 'The usual channels through which a recession hits the housing market, of rising unemployment and mortgage payment difficulties, have been mitigated by the furlough scheme, mortgage payment holidays, and a moratorium on repossessions. 

'Meanwhile, the market has been boosted by pent up demand from the first lockdown, a revaluation of space needs due to working from home, and an extra kick from the stamp duty holiday. 

'But the policy support that has protected and boosted the market this year is due to be withdrawn in 2021, just when we expect the unemployment rate to peak at 7%.

'The housing market has never escaped unscathed from a drop in employment of the scale we forecast. 

'In fact, in isolation the historical relationship between employment and house prices suggests a 25 per cent house price crash is in the offing. Our view, however, is that an annual fall closer to 5 per cent in Q4 2021 is more likely.' 

Tombs added: 'The outlook remains exceptionally unclear, given that government policies might change; the stamp duty holiday could be extended, or the government might follow through on plans to introduce a new mortgage guarantee scheme.' Source: This is Money.co.uk

Other Financial News

• 25,000 retail jobs in jeopardy as Debenhams and Arcadia collapse

• Businesses may force us to be vaccinated says government minister 

• Growing divide between rich and poor and north and south of England

More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com

• Philip Green’s Arcadia could go bust

• He is in Monaco sitting on his billions

• Buying Arcadia and BHS, a classic BRR

• He bought businesses and got his cash out

• Mike Ashley wants to buy the assets cheap

• Business Buying Opportunity Webinar

• UK introduces Tier system lockdowns

• Biggest economic decline in 300 years

• UK national debt now exceeds £2 Trillion 

• Government borrowing will reach £394bn

• Average house prices reach an all time high

• Property marketing slows down in London

• How a crash will affect your pension plan

• Why live in expensive town centres anymore?

• Thousands trapped in unsellable leasehold flats

• Government extends ban on landlords evicting tenants 

• Self-employed, have you claimed your government grant?

• Why UK Property prices rising after stamp duty cut, despite the downturn?

• New planning rules will open up more opportunities to make money in property

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com