Money Tips Podcast

In this Money Tips Podcast episode:

See also my YouTube Channel: Will house prices rise or fall in 2020?

Can you afford to retire?

Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy?

You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free.

Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.

Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’.

If you’d like more information on how to acquire wealth building assets using none of your money, 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

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.

In this Money Tips Podcast episode:

See also my YouTube Channel: Will house prices rise or fall in 2020?

Can you afford to retire?

Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy?

You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free.

Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.

Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’.

If you’d like more information on how to acquire wealth building assets using none of your money, 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

How to Use Creative Property Financing to Beat the Banks

How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/

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

Saving is at its lowest rate on record. Experts predict that by 2060, 15 million retired workers will be living on inadequate incomes.

How can we encourage people to save more?

Behavioural economics is a blend of psychology and economics. One of its leading exponents is David Halpern who heads the Behavioural Insights Team. He and his team spend a lot of his time thinking about how to incentivise us to save more money. Here are some of their most important findings courtesy of BBC’s Money Box which you can find on BBC Radio 4:

1. Use a photo to help visualise your goal

2. Make saving money more fun

3. Keep it simple

4. Rainy day money

5. Save more without reducing your income

See full article text at www.moneytipsdaily.com

Having worked in financial services, including banks, insurance companies and my own IFA practice, for over 25 years, I have seen first-hand how people manage their money. This is why I wrote Yes, Money Can Buy You Happiness to help people feel better and manage their money more effectively.

Other articles at www.moneytipsdaily.com

Should banks control our spending?

Should banks control our spending By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. Analysis has shown that people with bipolar disorder, depression or obsessive compulsive disorder (OCD) are more prone to overspending and potential...

Brexit Property Effect – Invest or Wait?

Boris has got his deal through Parliament, but not on his timescale. Brexit Property Effect – Invest or Wait? Wait or Invest Is this a flip market? Are we due for a correction? Long term...

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.

No Money Down Property Investing Course – Complimentary Tickets Available

If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.

In this Money Tips Podcast episode:

1. Manage the longest payday gap from Christmas until the end of January
2. Make a plan to slash your credit card debt this year and the next
3. Credit card bills dropping onto your doormat – open the envelope!
4. Use interest free credit card switch deals to give you breathing space
5. Plan to pay off the balance before end of interest free period if possible
6. Always arrange a small overdraft facility with your bank just in case
7. Check your account, savings and ISA’s for best rates
8. Switch bank accounts and receive up to £175
9. Self-assessment deadline 31st of January
10. Buy travel insurance when you BOOK holidays and flights

Can you afford to retire?

Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy?

You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free.

Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.

Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’.

If you’d like more information on how to acquire wealth building assets using none of your money, 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

How to Use Creative Property Financing to Beat the Banks

How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/

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.

Millions of people join the local gym in January, but many will quit within a few months. People also try to get their finances in order at the start of the new year, but soon drift back to their old ways of spending on consumer goods and maxing out their credit cards.

In this Money Tips Podcast episode:

1. It’s the things you do every day count not a few weeks of exercise or a crash diet
2. Money management is a lifelong process just like living a healthier lifestyle.
3. Learn money management using practical tools like the 3Rs of Money Management

I was at my gym today and noticed that it was more crowded because of the usual influx of the January new year joiners hoping to lose weight, get fit or lead a healthier lifestyle. That’s great, but how many will still be there in February or March?

Unfortunately, many of these new members will drop out within a few months and go back to their usual routine.

It’s the things you do every day count, not once in a while. Habits like, washing, brushing your teeth or taking a 30-minute walk will make a difference to your lifelong health.

If you really want to lose weight, get fit and live a healthier lifestyle, you need to change your habits.

Similarly, if you want to get out of debt and be financially free you need to change your spending and lifestyle habits.

Just like healthy eating or exercising, money-management is a lifelong process. If you stop it for a few months your finances will fall into disrepair, just like your muscles will deteriorate and you will gain weight if you stop going to the gym.

Don’t let the grass grow under your feet

You’ve got to keep on top of your finances and your health, as well as your relationships otherwise, as Jim Rohn used to say, the weeds will take the garden.

Money management

In my book, Yes, Money Can Buy You Happiness, I teach money management using practical tools like the 3Rs of Money Management and show you how to become a S.M.A.R.T Money Manager.

S.M.A.R.T Money Manager

S – Spend wisely avoiding expensive consumer debt

M – Manage and respect money and make informed decisions

A – Accumulate wealth over time taking the long-term perspective

R – Review finances on a regular basis and make appropriate changes

T - Track income and expenditure on a daily or weekly basis

Let’s take one lesson from the S.M.A.R.T Money Manager system.

T stands for:

Track income and expenditure on a daily or weekly basis.

This can be easily done using a free spreadsheet, an App or a good old notebook and pen.

Remember. Education is the key to your successful financial life. Children go through decades of formal education, but leave school or university with little or no financial knowledge.

Can you afford to retire?

Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy?

You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free.

Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.

Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’.

If you’d like more information on how to acquire wealth building assets using none of your money, 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

How to Use Creative Property Financing to Beat the Banks

How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/

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.

A lot of people say, “you need money to make money”, which is not strictly true.

Yes, some projects do require investment, but I’ve started many businesses with no money and just my efforts. TV money expert Martin Lewis started his Money Saving Expert website for £200 and sold it for millions and describes it has his greatest ever investment. I would say the same about my business investments where my ROI has been infinite.

Assuming you do need money for a project, does it need to be your own money? Of course not!

People have bought and sold businesses, properties and funded projects, expeditions, corporate takeovers for centuries using Other People’s Money (OPM).

7 ‘no money down’ property strategies

1. JV – joint venture with someone who has cash to invest but not the time.
2. Rent to Rent – control property and rent out for a profit.
3. Refinance – draw off equity by remortgaging your, or someone else’s, property.
4. Crowdfunding – sourcing funds from groups of investors.
5. Lease Options – buy now, pay later with option, but not the obligation to buy.
6. Rent to buy – rent now, buy later.
7. Serviced Accommodation – start a serviced accommodation business with leased properties.

Word of the Day

ROI / Yield

What is Return on Investment (ROI)?

“Investopedia describes ROI as:

Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment or compare the efficiency of a number of different investments. ROI tries to directly measure the amount of return on a particular investment, relative to the investment’s cost. To calculate ROI, the benefit (or return) of an investment is divided by the cost of the investment. The result is expressed as a percentage or a ratio.”

I say, “what I am getting out of this deal?” or “what will I get back on my investment?”!

ROI is sometimes confused with ROC – Return on Capital.

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.

In this episode:

Millions in debt

Debt charity deals with 9500 earning £40,000

If you’d like more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.

Other articles at www.moneytipsdaily.com

Brexit Property Effect – Invest or Wait?

Brexit Property Effect – Invest or Wait? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Brexit Effect Wait or Invest Is this a flip market? Are we due for a correction? Long term...

UK Property – £60,000 for a house in Wales or £6 million for a room in Mayfair

UK Property - £60,000 for a house in Wales or £6 million for a room in Mayfair By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. If you’d like more information on how to acquire wealth...

More money looking for places to invest that there are good places to invest

More money looking for places to invest that there are good places to invest By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Word of the Day: Securitisation. Securitisation is the financial practice of pooling various types of contractual...

When is a ‘Freehold’ not worth the paper it’s written on

When is a ‘Freehold’ effectively not worth the paper it’s written on and is more like a leasehold? By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Buyers of new build houses may be shocked to...

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 more information on how to acquire wealth building assets using none of your money, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.

Word of the Day

Capital Gain

A capital gain is the difference between what you pay for an asset, such as a property or share, and what you sell it for. Capital gain is a rise in the value of a capital asset (e.g. investments or property) that gives it a higher worth than the purchase price. The gain is not realised until the asset is sold. A capital gain may be short-term or long-term and must be declared for income taxes.

Other articles at www.moneytipsdaily.com

3 Myths of Property Investment

Creative Finance Tools for Owning or Controlling Property Using NONE of Your Own Money

5 Traits of the Rich Vs Poor

House Price Growth Slowest Since 2012, Say ONS

UK economy is slowing down and could go into recession says new report

Should you be buying Gold?

When is a ‘Freehold’ not worth the paper it’s written on

10 tips to survive and thrive in the recession - https://podcasts.apple.com/gb/podcast/money-tips-daily-by-charles-kelly-former-ifa-and-author-of/id1347175960?i=1000444007011

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.

Would you like an opportunity to attend a free No Money Down Property Discovery Day? email me at [email protected] or send me a message through Facebook or my Money Tips Daily community.

If you make one new year’s resolution make it this…

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

In this Money Tips Podcast episode:

1. A decade of change and disruption
2. Learn to manage your money
3. Start a spreadsheet or money app and record everything that comes in and goes out

Can you afford to retire?

Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy?

You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free.

Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.

Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’.

If you’d like more information on how to acquire wealth building assets using none of your money, 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

How to Use Creative Property Financing to Beat the Banks

How to Use Creative Property Financing to Beat the Banks   In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/

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.

In this episode you will learn more about owning and controlling property using little known creative “no money down” strategies used by professionals to create unlimited wealth and huge property portfolio using NONE of their own money.

You don’t know what you don’t know and it’s never too late to learn new strategies and techniques.

If you would like more information about no money down tools, email [email protected]

Word of the Day

Options

Holding an option, for instance a lease purchase option, on a property gives you the option, but not the obligation to buy.

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.

See more at www.moneytipsdaily.com:

3 Myths of Property Investment

Creative Finance Tools for Owning or Controlling Property