Podcasts about 2moneybook

Most property investors and landlords are proactive when it comes to ensuring the safety of their tenants and properties, which is also in their own interest.  Under the latest Regulations, landlords must have the electrical installations in their properties inspected and tested by a person who is qualified and competent at least every 5 years. Landlords also have to provide a copy of the electrical safety report (EICR) to their tenants, and to their local authority if requested. The Regulations came into force on 1 June 2020 and apply from 1 April 2021 in England in cases where a private tenant has a right to occupy a property as their only or main residence and pays rent. This includes assured shorthold tenancies and licences to occupy.  Landlords who fail to comply could face fines of up to £30,000 or even criminal charges in the case of negligence. This does not cover PAT testing, which is still required. In most cases, it is cheaper to throw away perfectly good electrical appliances (most of which ends up in landfill) than calling in PAT testers and waste a day filling in forms. The changes to rules and regulations on gas, electrical work, building and a whole raft of red tape every few years are a bonanza for the sectors and create plenty of non-productive jobs. But the costs are ultimately passed on to landlords, tenants and taxpayers. Thousands of civil servants and various people in sector bodies and quangos are employed to constantly change rules and create more red tape to self-perpetuate their own jobs!  The same fate awaits perfectly good cars, which have the “wrong engine” this year! The will eventually be taxed out of existence ad end up on the scrapheap of throwaway society. For full details and government guidance see https://www.gov.uk/government/publications/electrical-safety-standards-in-the-private-rented-sector-guidance-for-landlords-tenants-and-local-authorities/guide-for-landlords-electrical-safety-standards-in-the-private-rented-sector Other News Plummeting central London rents hits landlords. Renters move into the city to take advantage of falling rents. Landlords face more arrears as unemployment soars. 500,000 renters likely to be pushed into arrears. Pandemic disproportionately hits younger lower paid workers. Self-employed grant recipients shunned by mortgage lenders. Peer-to-peer websites to be closed by FCA following a series of collapsed firms Beware of dodgy insulation which could render your home worthless Pension scammers target 8 million people Free Wealth Coaching Session for 3 people – limited offer Boris has an unsatisfied CCJ at 10 Downing Street! I was a financial adviser for 25 years, but became frustrated with the focus on only being regulated to offer products for the financial services industry. For instance, I could advise a client to invest in a Prudential Property Bond, but could not advise them to invest in a buy-to-let property themselves. I am no longer registered as an industry financial adviser, which means I cannot give specific advice on how to invest your money, but I can offer a wealth of guidance and tips on managing your money more effectively and building wealth over time. I am also the author of the book, , Yes, money can buy happiness, in which 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. With this in mind, I’m giving away 3 free coaching calls sessions to anyone who is prepared to take the time and effort to learn and master money. Check the link in the next 48 hours on my Charles Kelly Marketing Facebook page https://www.facebook.com/CharlesKellyMarketer See also: 95% Mortgages are back in the UK Property buyers overpaying to beat the Stamp Duty Holiday GET YOUR BUSINESS ONLINE TODAY, FREE!  Genuine…FREE LIFETIME ACCESS. NO credit card needed to start building your website yourself. Simple to use from readymade templates – no need for a web designer. https://groovepages.groovesell.com/a/uy9VcdqIvopT #investment#money#taxreturns#makemoneyonline#groovefunnels#FREE   See omnystudio.com/listener for privacy information.

Under the latest Regulations, landlords must have the electrical installations in their properties inspected and tested by a person who is qualified and competent at least every 5 years. CLICK HERE TO SEE FULL DETAILS. Free Wealth Coaching Session for 3 people – limited offer Boris has an unsatisfied CCJ at 10 Downing Street! I was a financial adviser for 25 years, but became frustrated with the focus on only being regulated to offer products for the financial services industry. For instance, I could advise a client to invest in a Prudential Property Bond, but could not advise them to invest in a buy-to-let property themselves. I am no longer registered as an industry financial adviser, which means I cannot give specific advice on how to invest your money, but I can offer a wealth of guidance and tips on managing your money more effectively and building wealth over time. I am also the author of the book, , Yes, money can buy happiness, in which 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. With this in mind, I’m giving away 3 free coaching calls sessions to anyone who is prepared to take the time and effort to learn and master money. Check the link in the next 48 hours on my Charles Kelly Marketing Facebook page https://www.facebook.com/CharlesKellyMarketer

Young people aged 25 to 34 face biggest risk of redundancy  Unemployment rate hits 5% with 1.7m jobless according to ONS 9 million people forced to borrow to cope with COVID-19 disruption 400,000 extra people were jobless in November 2020 compared to previous year Millions of jobs won’t return post lockdown, how can you survive in new economy? AI and new technology will force millions of workers to retrain and learn new skills By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. 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. Proposed Leasehold Reforms Could Save You 1000’s Extending Leases Or Buying Freeholds Click Here For Free Leasehold Reforms Report - https://aw102f27.aweb.page/awlist5290445 See omnystudio.com/listener for privacy information.

Unemployment rises by highest rate since 2009 crisis – what can you do to earn extra money? · Young people aged 25 to 34 face biggest risk of redundancy · Unemployment rate hits 5% with 1.7m jobless according to ONS · 9 million people forced to borrow to cope with COVID-19 disruption · 400,000 extra people were jobless in November 2020 compared to previous year · Millions of jobs won’t come back after lockdown – how can you survive in new economy? · AI and new technology will force millions of workers to retrain and learn new skills Proposed Leasehold Reforms Could Save You 1000’s Extending Leases Or Buying Freeholds Click Here For Free Leasehold Reforms Report - https://aw102f27.aweb.page/awlist5290445 By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. 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. Kickstart 2021 - 3 Day Insider Property Secrets Course CLICK HERE TO JOIN - http://bit.ly/3pnF9al

Thousands of small businesses are set to receive previously refused insurance claim payments covering losses from the first national lockdown last year, following a court ruling. Supreme Court judges found in favour of small firms receiving payments from Business Interruption Insurance policies. The ruling provides a lifeline to thousands of small businesses, allowing them to survive the coronavirus crisis, but could cost the insurance sector hundreds of millions of pounds and lead to higher premiums in the future. The financial watchdog, the Financial Conduct Authority (FCA), brought the test case, with eight insurers agreeing to take part in proceedings. The major business insurer Hiscox could see huge losses after being challenged by thousands of its policyholders as part of the case. Richard Leedham, who represented the Hiscox Action Group - on behalf of small businesses, told the BBC: "This is a landmark victory for a small group of businesses who took on a huge insurance player and have been fully vindicated. "What is important now is that Hiscox accepts the Supreme Court's verdict and starts paying out to its policy holders, many of whom are in danger of going under". Among the other insurance companies including in the test case are Arch, Argenta, MS Amlin, QBE and RSA - but over 60 insurers offered similar business insurance policies.  Last year, many small businesses made claims through business interruption insurance policies for loss of earnings when they had to close. Insurers refused to pay the claims, arguing only the most specialist policies had cover for such unprecedented restrictions. Insurance companies use phrases like an “act of God” to wriggle of of paying claims. Fortunately for policyholders, it was agreed that a selection of policy wordings should be tested in court, setting the parameters for what would be considered a valid claim. The court ruling provides guidance for over 700 policies, affecting 370,000 small businesses - although not all will benefit. Many small businesses paid annual premiums of over £1,000 for business interruption insurance, sometimes as part of a package of cover included with liability cover, and disease was covered. Many business owners formed a ‘Covid Claims Group’, calling for a quick resolution and settlement. Recent insurance policies would have been amended for new and renewing customers since Covid, so losses from the latest lockdown measures in different parts of the UK would be specifically stated as included, or not, in the cover of newer business interruption insurance policies. The advice is to read your policy document. Other Money News HSBC to close 82 branches in the UK China’s economy grew by 6.5% in last quarter of 2020 As London’s populations falls, will City Centres recover? Mastercard may have to pay millions of cardholders compensation following court ruling See also: Have you applied for the new lockdown grants? By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. 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. See omnystudio.com/listener for privacy information.

Thousands of small businesses are set to receive previously refused insurance claim payments covering losses from the first national lockdown last year, following a court ruling. Supreme Court judges found in favour of small firms receiving payments from Business Interruption Insurance policies. The ruling provides a lifeline to thousands of small businesses, allowing them to survive the coronavirus crisis, but could cost the insurance sector hundreds of millions of pounds and lead to higher premiums in the future. The financial watchdog, the Financial Conduct Authority (FCA), brought the test case, with eight insurers agreeing to take part in proceedings. The major business insurer Hiscox... Full article...and more at www.moneytipsdaily.com Other Money News · HSBC to close 82 branches in the UK · China’s economy grew by 6.5% in last quarter of 2020 · As London’s populations falls, will City Centres recover? · Mastercard may have to pay millions of cardholders compensation following court ruling See also: Have you applied for the new lockdown grants? By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. 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.

Following the third Covid-19 lockdown, which started 5 January 2021, the UK Chancellor, Rishi Sunak, announced a further £4.6 billion in grants to the retail, hospitality and leisure sectors. This new round of support follows extensions to the job retention and loan schemes revealed on 17 December 2020. There may be more to come with the Budget on Wednesday 3 March 2021. New lockdown 3.0 grants  An extra £4.6 billion in lockdown grants has been directed at the worst affected sectors. New grants for closed retail, hospitality and leisure businesses have been introduced. The new grants are in addition to all other forms of support, such as the Lockdown Restrictions Support Grant (LRSG (Closed) Addendum) which applied to businesses that were forced to close between 5 November  and 2 December 2020. The new grants in England will be: £4,000 for businesses with a rateable value of £15,000 or under;   £6,000 for businesses with a rateable value between £15,000 and £51,000; and    £9,000 for businesses with a rateable value of over £51,000. In addition, £594 million is being made available for Local Authorities and the Devolved Administrations to support other businesses not eligible for the above grants, that might be affected by the latest restrictions. Businesses should apply to their Local Authorities. The Devolved Administrations will be receiving additional funding in line with the English measures, with £375 million for Scotland, £227 million for Wales and £127 million for Northern Ireland. The announcement of the new grants talks of helping business “through to the Spring”, with the Chancellor hinting that additional support measures are to come in the Budget on 3 March 2021.  Coronavirus Job Retention Scheme (CJRS)  The CJRS “job furlough” scheme is now running through to April 2021. According to Statistica.com, as of December 13, 2020, approximately 9.9 million jobs, from 1.2 million different employers were furloughed in the United Kingdom as part of the government's job retention scheme. The overall cost in 2020 exceeded £43 billion and continues to rise with more businesses forced to close in lockdown 3. On 17 December 2020 the Chancellor announced a further one-month extension of financial support under the Coronavirus Job Retention Scheme (CJRS) to the end of April 2021. As currently, the government will pay 80% of the salary of employees for hours not worked up to a maximum of £2,500. Employers will only be required to pay wages, National Insurance Contributions (NICs) and pensions for hours worked; and NICs and pensions for hours not worked.  Claims for furloughed employees can only be made for those who were employed and on payroll on 30 October 2020. The employer must have made a PAYE RTI submission to HMRC between 20 March and 30 October 2020, notifying a payment of earnings for that employee. This may differ where an employee has been made redundant, or they stopped working on or after 23 September 2020 and have subsequently been re-employed. Self-employed Income Support Scheme (SEISS) SEISS Continues. No changes to the SEISS were announced alongside the CJRS extension, as the SEISS already runs through to the end of April 2021. Details of the fourth SEISS grant that will cover the three months from February to April have not yet been released. How to apply for SEISS. Loan schemes Most schemes extended to 31 March 2021. On 17 December the Chancellor extended access to the Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS), and the Coronavirus Large Business Interruption Loan Scheme (CLBILS) until the end of March. Additional support measures In November 2020 the Financial Conduct Authority (FCA) published fresh guidance across a range of issues including mortgages and consumer credit and loans. The thrust of these was to limit the maximum payment holiday to six months, which had to be agreed three months at a time. Source: Tax Briefs. As the government hints at even tougher lockdown action, the Federation of Small Business estimates that 250,000 small businesses will go under this year. By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. 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. See omnystudio.com/listener for privacy information.

The third Self-employed Income Support Scheme (SEISS) grant, announced by Chancellor Rishi Sunak on 5 November, has opened up for applications. This grant covers up to 80% of lost income between November and January. If you meet the eligibility criteria the grant will provide a lump sum up to £7,500 to cover up to 80% of your average trading profits. Beware of scams and only apply via the official Government claims portal, which you can do at any time until 29 January 2021. Once you apply, HMRC will check your claim and pay your grant into your bank account within six working days. You will get an email when your payment is on its way. To apply, or check eligibility, you will need the following official government information: Self-assessment unique taxpayer reference (UTR) – if you do not have this, find out how to get your lost UTR. National insurance (NI) number – if you do not have this, find out how to get your lost NI number. Government Gateway user ID and password – if you do not have a user ID, you can create one when you make your claim. UK bank details (only provide bank account details where a Bacs payment can be accepted) including the bank account number, sort code, name on the account and address linked to your bank account. You must make the claim yourself. Your tax agent or financial adviser must not claim on your behalf as this will trigger a fraud alert. We are expecting a fourth grant covering a percentage of average income from February to April 2021. Employees can still benefit from the ‘furlough’ Coronavirus Job Retention Scheme, paying 80% of a furloughed employee’s salary up to £2,500, which is being extended until the end of March 2021. Many self-employed people are slipping through the net and getting no support. Small business owners I speak to complain that they do not qualify for grants or even bounce back loans because they have recently set up their business or their profits are too low. Whilst there is always the option claiming income support benefits through Universal Credit, many self-employed people are still trying to keep their businesses going through the lockdown and are not technically unemployed. As the government hints at even tougher lockdown action, the Federation of Small Business estimates that 250,000 small businesses will go under this year. By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. 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. See omnystudio.com/listener for privacy information.

Following the third Covid-19 lockdown, which started 5 January 2021, the UK Chancellor, Rishi Sunak, announced a further £4.6 billion in grants to the retail, hospitality and leisure sectors. This new round of support follows extensions to the job retention and loan schemes revealed on 17 December 2020. There may be more to come with the Budget on Wednesday 3 March 2021. New lockdown 3.0 grants An extra £4.6 billion in lockdown grants has been directed at the worst affected sectors. New grants for closed retail, hospitality and leisure businesses have been introduced. The new grants are in addition to all other forms of support, such as the Lockdown Restrictions Support Grant (LRSG (Closed) Addendum) which applied to businesses that were forced to close between 5 November and 2 December 2020...full article and details available at 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.

The third Self-employed Income Support Scheme (SEISS) grant, announced by Chancellor Rishi Sunak on 5 November, has opened up for applications. This grant covers up to 80% of lost income between November and January. If you meet the eligibility criteria the grant will provide a lump sum up to £7,500 to cover up to 80% of your average trading profits. Beware of scams and only apply via the official Government claims portal, which you can do at any time until 29 January 2021. Once you apply, HMRC will check your claim and pay your grant into your bank account within six working days. You will get an email when your payment is on its way. https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme To apply, or check eligibility, you will need the following official government information: · Self-assessment unique taxpayer reference (UTR) – if you do not have this, find out how to get your lost UTR. · National insurance (NI) number – if you do not have this, find out how to get your lost NI number. · Government Gateway user ID and password – if you do not have a user ID, you can create one when you make your claim. · UK bank details (only provide bank account details where a Bacs payment can be accepted) including the bank account number, sort code, name on the account and address linked to your bank account. · You must make the claim yourself. Your tax agent or financial adviser must not claim on your behalf as this will trigger a fraud alert. We are expecting a fourth grant covering a percentage of average income from February to April 2021. Employees can still benefit from the ‘furlough’ Coronavirus Job Retention Scheme, paying 80% of a furloughed employee’s salary up to £2,500, which is being extended until the end of March 2021. Many self-employed people are slipping through the net and getting no support. Small business owners I speak to complain that they do not qualify for grants or even bounce back loans because they have recently set up their business or their profits are too low. Whilst there is always the option claiming income support benefits through Universal Credit, many self-employed people are still trying to keep their businesses going through the lockdown and are not technically unemployed. As the government hints at even tougher lockdown action, the Federation of Small Business estimates that 250,000 small businesses will go under this year. By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. 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.

The Transport Minister has announced that all international travellers will shortly have to provide proof of a test negative for Covid-19 before departing to the UK. Passengers arriving by plane, train or boat, including UK nationals, must take a test up to 72 hours before leaving the country they are in. Passengers arriving from countries which not on the government's travel corridor list must still self-isolate for 10 days, regardless of their test result. Mr Shapps told LBC the testing rule will come into force "likely on Wednesday or Thursday next week", and details of how to get tests abroad will be published on the gov.uk website. Under the new rules - which are expected to come in from next week - anyone who arrives in the UK and has not got proof of a negative test could face an immediate £500 fine. But there will be exemptions for: children under 11 hauliers those travelling from countries without the infrastructure to deliver tests - although details of those have not been released yet arrivals from the CTA Common Travel Area with Ireland. The rule will be UK-wide, although Northern Ireland said it had only "agreed in principle" and was working to solve any policy and operational issues. Non-essential travel abroad is not currently allowed in the UK, after lockdowns were brought in. Source: BBC News For further information and updates see:  Mandatory COVID-19 testing introduced to bolster border measures - GOV.UK (www.gov.uk)  https://www.gov.uk/government/news/mandatory-covid-19-testing-introduced-to-bolster-border-measures Virgin Media jacking up prices again – Richard Branson must need the cash to bail out his airline? How I saved £200 with one phone call. Are you claiming your self-employed coronavirus relief aid? 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. See omnystudio.com/listener for privacy information.

It’s not the strongest and fittest, but the most adaptable and flexible that survive a crisis 5 Quick Tips To Help Your Business Survive in 2021: If you haven’t done so already, get online and learn how to sell your goods and services to billions of people buying stuff on the internet every minute of every day. Stay open for business as much as legally possible when others close up. Increase your level of service instead of reducing it like most people do! Look for new opportunities which are always out there, especially in recessions. Check .gov website for any grants, support or relief available for your business. Lastly, hang in there and don’t despair! See also episode - 7 Steps to Transform Your Finances in 2021 Whatever New Year’s resolutions you make, set realistic, achievable goals and write them down! Here are my 7 steps 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? 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See omnystudio.com/listener for privacy information.

The Transport Minister has announced that all international travellers will shortly have to provide proof of a test negative for Covid-19 before departing to the UK. Passengers arriving by plane, train or boat, including UK nationals, must take a test up to 72 hours before leaving the country they are in. Passengers arriving from countries which not on the government's travel corridor list must still self-isolate for 10 days, regardless of their test result. Mr Shapps told LBC the testing rule will come into force "likely on Wednesday or Thursday next week", and details of how to get tests abroad will be published on the gov.uk website. Under the new rules - which are expected to come in from next week - anyone who arrives in the UK and has not got proof of a negative test could face an immediate £500 fine. But there will be exemptions for: · children under 11 · hauliers · those travelling from countries without the infrastructure to deliver tests - although details of those have not been released yet · arrivals from the CTA Common Travel Area with Ireland. The rule will be UK-wide, although Northern Ireland said it had only "agreed in principle" and was working to solve any policy and operational issues. Non-essential travel abroad is not currently allowed in the UK, after lockdowns were brought in. Source: BBC News For further information and updates see: Mandatory COVID-19 testing introduced to bolster border measures - GOV.UK (www.gov.uk) https://www.gov.uk/government/news/mandatory-covid-19-testing-introduced-to-bolster-border-measures Virgin Media jacking up prices again – Richard Branson must need the cash to bail out his airline? How I saved £200 with one phone call! Are you claiming your self-employed coronavirus relief aid? 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.

It’s not the strongest and fittest, but the most adaptable and flexible that survive a crisis 5 Quick Tips To Help Your Business Survive in 2021: 1. If you haven’t done so already, get online and learn how to sell your goods and services to billions of people buying stuff on the internet every minute of every day. 2. Stay open for business as much as legally possible when others close up. 3. Increase your level of service instead of reducing it like most people do! 4. Look for new opportunities which are always out there, especially in recessions. 5. Check .gov website for any grants, support or relief available for your business. 6. Lastly, hang in there and don’t despair! See also episode - 7 Steps to Transform Your Finances in 2021 Whatever New Year’s resolutions you make, set realistic, achievable goals and write them down! Here are my 7 steps to transform your 2021: 1. Review your finances and start saving 2. Review your consumer debts and credit cards 3. Review you spending habits – Use the 3 R’s 4. Review your utility suppliers – energy and mobile phone 5. Review ISA and Pensions and use tax allowance 6. Review your Will and inheritance tax liability 7. Review Tax – have you submitted your tax return yet? 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 Charles@CharlesKelly.netor send me a message through Facebook or my Money Tips Daily community.

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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

Happy New Year or Happy New Tier! 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.... Full articles and money news available at Money Tips Podcast - 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. 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 Charles@CharlesKelly.netor send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com A have happy and successful 2021!

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 atMoney 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

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 atMoney 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

What changes should you make in 2021? More articles and money news available atMoney 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

Which drug companies will benefit from Covid vaccine? 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 Charles@CharlesKelly.netor 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 atMoney 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com   See omnystudio.com/listener for privacy information.

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 atMoney 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

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 Charles@CharlesKelly.netor 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 atMoney 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

UK government planning emergency wealth tax grab to pay for coronavirus pandemic 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...... Full 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 Charles@CharlesKelly.netor 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 atMoney 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 Charles@CharlesKelly.net 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 See omnystudio.com/listener for privacy information.

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 atMoney 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 Charles@CharlesKelly.net 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 See omnystudio.com/listener for privacy information.

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 atMoney 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

Key points to consider:   The UK government is pumping billions into the economy and… Asset prices usually inflate after a fiscal stimulus, as they did after 2008 Property has been on a 12-year bull run and prices are at an all-time high Stamp Duty holiday, Furlough and tenant protection will end by March 21 OBR report for government says property prices will fall by 8% next year Anti-landlord legislation and taxes could push investors into selling mode Interest rates are at an all-time low and are expected to remain low for years Government 5% deposit help scheme could boost first-time buyer purchases   More articles and money news available atMoney 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com The 2020 business buying opportunity webinar will reveal: The 10 strategies and tactics which have CHANGED as a result of lockdown Three compelling reasons why now is the right time to buy a business and why you just can’t miss out Why the number of businesses coming to market over the next twelve months will at least triple - and it’s not just because of Coronavirus How to, without insulting the seller, lower the price by at least 50%, with one simple sentence The real secret of finding businesses to buy – and it’s not cold calling or LinkedIn Why Business Brokers are now your friend – even though for years I’ve been saying that they are the enemy... Your webinar host Jonathan Jay: "During lockdown I completed the purchase of SIX business, without meeting anyone face to face and without leaving my home. And I have another three at exchange, about to complete. But here’s the best part – because of the lockdown, the deal structure changed overnight and this combined £3m a year annual revenue became mine, WITHOUT any of my personal cash invested." Join Jonathan on Wednesday, 2nd December to find out how to utilise his exact strategy. Claim your spot now!  Click for more details - https://bit.ly/36dbTvS   See omnystudio.com/listener for privacy information.

As most of the UK goes into the second lockdown this year, Chancellor Rishi Sunak has changed direction by extending the furlough scheme until the end of March and promising more generous help for self-employed people. Barely a week ago the Chancellor announced £22 billion package of aid for businesses affected by Covid restrictions, but infection rates have continued to climb forcing the government to adopt a new approach. Support through the Self-Employment Income Support Scheme (SEISS) will be increased, with the third grant covering November to January calculated at 80% of average trading profits, up to a maximum of £7,500. However, millions of small business owners are slipping through the net and will not qualify for any help. Stock markets went up and house prices have hit new highs following the bad news during the worst economic crisis since the second world war! More articles and money news available atMoney Tips Podcast - www.moneytipsdaily.com   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 Charles@CharlesKelly.net 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   See omnystudio.com/listener for privacy information.

What is the outlook for the UK property in the next 12 months? Key points to consider: · The UK government is pumping billions into the economy and… · Asset prices usually inflate after a fiscal stimulus, as they did after 2008 · Property has been on a 12-year bull run and prices are at an all-time high · Stamp Duty holiday, Furlough and tenant protection will end by March 21 · OBR report for government says property prices will fall by 8% next year · Anti-landlord legislation and taxes could push investors into selling mode · Interest rates are at an all-time low and are expected to remain low for years · Government 5% deposit help scheme could boost first-time buyer purchases More articles and money news available at Money Tips Podcast - 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. 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 Charles@CharlesKelly.netor send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com The 2020 business buying opportunity webinar will reveal: · The 10 strategies and tactics which have CHANGED as a result of lockdown · Three compelling reasons why now is the right time to buy a business and why you just can’t miss out · Why the number of businesses coming to market over the next twelve months will at least triple - and it’s not just because of Coronavirus · How to, without insulting the seller, lower the price by at least 50%, with one simple sentence · The real secret of finding businesses to buy – and it’s not cold calling or LinkedIn · Why Business Brokers are now your friend – even though for years I’ve been saying that they are the enemy... Your webinar host Jonathan Jay: "During lockdown I completed the purchase of SIX business, without meeting anyone face to face and without leaving my home. And I have another three at exchange, about to complete. But here’s the best part – because of the lockdown, the deal structure changed overnight and this combined £3m a year annual revenue became mine, WITHOUT any of my personal cash invested." Join Jonathan on Wednesday, 2nd December to find out how to utilise his exact strategy. Claim your spot now! Click for more details - https://bit.ly/36dbTvS

Register now for life-changing BLACK FRIDAY exclusive business skills offers: https://bit.ly/39fNPKQ   Headlines Economic output falls 11.8% worst for 300 years Unemployment will rise to 7.5% or 2.6 million by Q2 2021 Borrowing now at £394 billion, national debt £1 trillion Millions face work-based pensions cut Public sector worker pay freeze Overseas aid budget cut Council tax set to rise Markets still riding high despite downturn Britain’s largest estate agent in rescue plan More articles and money news available atMoney Tips Podcast - www.moneytipsdaily.com Property prices fall in London Job Furlough Scheme extended UK House prices rise will reach all time high Why live in expensive town centres anymore? 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   Register now for life changing BLACK FRIDAY exclusive business skills offers: https://bit.ly/39fNPKQ 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com Get exclusive, MASSIVE discount offers, plus receive instructions on what to do, & when. Register now to be the first one to know! In times of disruption and lack of control, this is one way YOU can secure your financial future. This is ultimately the BEST time to start gaining new business skills, a new mindset or a new income stream. Register now for life changing BLACK FRIDAY exclusive business skills offers: https://bit.ly/39fNPKQ     See omnystudio.com/listener for privacy information.

Biggest economic decline since 1709, as cost of coronavirus crisis rises to unprecedented levels. Headlines: · Economic output falls 11.8% worst for 300 years · Unemployment will rise to 7.5% or 2.6 million by Q2 2021 · Borrowing now at £394 billion, national debt £1 trillion · Millions face work-based pensions cut · Public sector worker pay freeze · Overseas aid budget cut · Council tax set to rise · Markets still riding high despite downturn · Britain’s largest estate agent in rescue plan More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com Register now for life changing BLACK FRIDAY exclusive business skills offers: https://bit.ly/39fNPKQ 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 Charles@CharlesKelly.netor send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com Get exclusive, MASSIVE discount offers, plus receive instructions on what to do, & when. Register now to be the first one to know! In times of disruption and lack of control, this is one way YOU can secure your financial future. This is ultimately the BEST time to start gaining new business skills, a new mindset or a new income stream. Register now for life changing BLACK FRIDAY exclusive business skills offers: https://bit.ly/39fNPKQ

Chancellor announces £22 billion package of aid for businesses affected by new covid restrictions. Rishi Sunak promised grants of up to £2,100 a month for ‘Tier 2’ companies that are not forced to close but are struggling to be commercially viable. As many as 150,000 businesses could qualify for the payments, which could cost the Treasury £1.2billion.  The new Job Support Scheme replaces the furlough and will be extended to firms that are legally allowed to open. It will be more generous allowing employers to pay just 5 per cent of staff wages, while the minimum threshold for hours worked will be reduced to one day. If an estimated two million people enrol, it could cost the Treasury £6billion.  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 atMoney 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 Charles@CharlesKelly.net 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 See omnystudio.com/listener for privacy information.

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 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 Charles@CharlesKelly.netor 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 HondaJapan’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

Today in Parliament, Boris Johnson announced further lockdown measures and business closures in selected cities where infection rates have increased.  Liverpool and Nottingham are among the cities where businesses such as gaming will be forced to close.  Last week, Chancellor Rishi Sunak Employees announced that people working for UK firms forced to shut by law because of coronavirus restrictions will receive two-thirds of their wages paid for by the government. The scheme starts on 1 November for six months and could cost hundreds of millions of pounds a month according to a Treasury source speaking to the BBC. The leisure and performing arts sectors have been hit hard and will welcome government new aid announced by the Culture Secretary, Oliver Dowden. Venues and organisations including Liverpool’s famous Cavern Club and the London Symphony Orchestra will receive a share of £257m government arts funding. Markets have barely reacted to the poor economic forecasts and the property market is up in most areas. Other articles available atMoney Tips Podcast - www.moneytipsdaily.com   UK state pension age rises to 66  How will a crash affect your pension? House prices rise to reach all time high How to avoid bankruptcy in business Will demand for HMO rooms rise or fall? Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut 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 Charles@CharlesKelly.net 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 See omnystudio.com/listener for privacy information.

The state pension ‘Ponzi’ scheme becomes harder to fund as people live longer and the demographic ratio of working to retired people changes. There is no fund and the scheme relies on new entrants to pay out people in retirement. The age at which the majority of UK retirees qualify for the state pension has now officially changed to 66 following rises in the qualifying age in the last few years. For men and women born between 6 October, 1954, and 5 April, 1960, they will miss out on at least one year of state pension income and will only start receiving their pension – worth up to £175.20 per week - when they reach age 66. It gets worse for those born later. The government will gradually phase in an increase in the state pension age to 67, and 68. Eventually, we will all have to work until 70 to get a state pension. Use the government's calculator to find out your state pension age Rishi Sunak, the UK chancellor, said he will maintain the "triple lock" pledge under a conservative government. This means the state pension will increase each year in line with the highest of average earnings, prices (as measured by inflation) or 2.5%. How will you be able to afford to retire? Other articles available atMoney Tips Podcast - www.moneytipsdaily.com How will a crash affect your pension? House prices rise to reach all time high How to avoid bankruptcy in business Will demand for HMO rooms rise or fall? Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut 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 Charles@CharlesKelly.net 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 See omnystudio.com/listener for privacy information.

You may have heard the saying, “rich as Croesus”. Meaning that you have to exceeding wealthy to be richer than the king of Lydia in Asia Minor in 560 BC. He is believed to be the first person to mint coins as “money” from gold, although I visited a ruin in Rome where the Italian guid said the Romans first minted coins and coined the phrase which became known as money. Why was Croesus fabulously wealthy? He formed and controlled his own currency which dominated the region. Now others want to form their own currency and dominate the financial markets.  Is it a currency or just a speculative investment? But are cryptocurrencies, such as bitcoin, the answer or are they, in the words of Warren Buffett, a “mirage”? Buffet has called it wrong on previous technological revolutions, but you have to sit up and listen to one of the greatest investors and richest men in the world.  The leading and most well-known cryptocurrency is bitcoin. In the last five years, the price of a single digital bitcoin has risen from $263 to over $10,000.  However, it rose to $17,000 in 2017 and failed to just over $3000 a year later. It has doubled in price since March 2020, as soon investors sought a “safe” haven for their cash during the financial crisis.  What is Cryptocurrency? Cryptocurrency is a digital assets design to become a medium of exchange where individual coin ownership records are stored on a ledger in the form of a computerised database records known as the blockchain. The US dollar is the world reserve currency, which gives America a tremendous advantage because other countries need to change their currency into dollars to trade internationally.  China is launching its own digital currency based on its paper currency, the Yuan. Although not the same as a cryptocurrency, China would like to break America’s dominance in the financial markets and become the most widely used international currency.  How do you buy a Cryptocurrency such as a bitcoin? The answer is you exchange your real money dollars or pounds for digital bitcoin stored in a “wallet”, which comes in various forms.  When you sell it, you get back your dollars or pounds. Bitcoin is not a practical and real currency accepted by markets and governments. You cannot go down to your local supermarket and pay for your shopping in crypto currency. Well, not yet. Digital currency is definitely coming as the banks try to phase out money using “Covid 19” as a convenient excuse, but whether this will be in the form of bitcoin is another question.  Furthermore, if you accepted payment in bitcoin in December 2017 when the price of one coin was equivalent to $17,000, a year later that bitcoin would be worth $3000. There are many other contenders for the digital currency market, including powerful companies like Facebook with their libre currency.  Some form of digital currency will eventually replace paper money, but that will be a sad day for all of us. Money in your pocket represents a bit of freedom and more difficult for banks and governments to take it from you.  Other articles available atMoney Tips Podcast - www.moneytipsdaily.com   Trump tests positive for Covid 19 Have you made a Will and is it valid? UK house prices soar 5% in September How to avoid bankruptcy in a business Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats New Job Support Scheme unveiled by UK Chancellor 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com   See omnystudio.com/listener for privacy information.

UK house prices were up 5%, the highest growth rate in four years, in September year on year, according to the Nationwide Building Society’s lending data. Mortgage lending also rose, reaching a 13-year high, as the property market experienced increased post-lockdown demand. However, job loss fears and tighter mortgage lending criteria forced many young people to delay buying a property. Activity has partly increased due to the temporary stamp duty holiday, which means no tax is paid on the first £500,000 of all property sales in England and Northern Ireland until the end of March. However, some estate agents are saying that there is a “mixed bag” of demand, with some properties selling faster than others, for instance four-bed houses with space for a home office. London based agents are reporting a “buyers’ market” with room for negotiation on properties for sale in the capital. Maybe the new ‘work from home’ pattern is encouraging young people to move out of city centres, where they have more space and can afford larger properties?  Other articles available atMoney Tips Podcast - www.moneytipsdaily.com   Have you made a Will? How will a crash affect your pension? House prices rise to reach all time high How to avoid bankruptcy in business Will demand for HMO rooms rise or fall? Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats New Job Support Scheme unveiled by UK Chancellor 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

Following the tragic loss of a dear friend and business partner this week, I was reminded of just how precious and fleeting life can be. We all should make the best of our time on this earth.   She certainly packed more into her short life than most people would in three lifetimes.   Someone once said that there are two things certain in this life:   Death and taxes!   We’re all going to die one day, but unfortunately, taxes, and other financial liabilities, do you not die with you. The government still wants its share of your estate before it is passed on to your beneficiaries.   Even though you build up your savings and property from money on which you have already paid tax, the taxman still puts his hand out for a cut when you die so that the government can spend it. Each year, HMRC collect’s around £5 billion in inheritance tax (IHT) from ordinary families, as well as the rich. Politicians on the left would like to see this increase, as they do not believe children should inherit wealth.   You cannot change the system, but you can take steps to legally mitigate inheritance tax liabilities. See my article on the billionaire Duke of Westminster who legally avoids several billion pounds inheritance taxes. Even the staunch left-wing socialist MP Tony Benn used trusts to avoid inheritance tax on his substantial estate before he died.   You need to take advice on IHT planning, but three of the common methods used are:     Wills Trusts Life Assurance     Where there’s a will there’s a relative.   There’s an old saying, “where there’s a will there’s a way”, but there is also a saying, “where there’s a will there’s a relative!”   When somebody dies, relatives you haven’t see for years turn up from all over the place.   Even if you think you don’t own very much, you should make a Will.   If you die without a Will, known as dying intestate, the state will make one for you and distribute your assets in accordance with the laws of intestacy. Furthermore, if no beneficiaries can be found when you die, your estate will go to the state!   Here are some points to consider.   Make a Will even if you think your situation is simple and you don’t see the point because you are going to “leave everything to your spouse or children”. Wills can include ‘expression of wishes’, such as whether you want to be buried or cremated, where you would like to be buried and the type of funeral service you prefer. Have it done professionally preferably by your solicitor or a Will specialist. You can buy basic Will online or at WH Smith’s, but I wouldn’t recommend it, as it needs to be prepared properly in order to be valid. You don’t want relatives turning up challenging the Will or claiming that it is not valid for one reason or another.   Make sure that people can find your Will. Your solicitor can hold the original, but you also need to let people know you’ve made a Will. Burying it away in a drawer or in a box in the loft is not the best place.    How will your family pay for your funeral? Do you have insurance, a funeral plan or a pre-paid funeral with a reputable firm?   People often do not realise that when a loved one dies, their financial assets, such as bank accounts, are effectively frozen. In other words, your family will not be able to access your money until a grant of probate has been given, which could take several months or even years in more complex cases.    A basic funeral costs between £3000 and £5000, which will have to be paid for upfront. In addition, there are also costs for a graveyard plot, as well as cemetery or crematorium fees.   Make sure you have adequate life assurance if you have dependents.   You should also take advice about putting your insurance cover into trust so that it does not form part of your estate upon death, which means the money from the policy will also be paid out to beneficiaries far quicker without the need to wait for probate.    I was in financial services for over 25 years and almost everybody I met was underinsured. Husbands who were the main breadwinners would often say things like, “well, she’s got the house hasn’t she?“.   People even have mortgages that are not protected by insurance. Clearing debts upon death should be your first priority unless you have no dependents.   Think about inheritance tax. Thousands of ordinary families with just one property have been hit with huge inheritance tax bills. You may want your family home to be preserved by your children, but the property may have to be sold quickly to pay inheritance tax.   You can also make use of lifetime allowances to gift monies to children or grandchildren.   Finally, don’t leave things to chance and take professional advice from your solicitor or financial adviser. This is not something for the DIY enthusiast!   Other articles available atMoney Tips Podcast - www.moneytipsdaily.com   How will a crash affect your pension? House prices rise to reach all time high How to avoid bankruptcy in business Will demand for HMO rooms rise or fall? Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

As most of the UK goes into the second lockdown this year, Chancellor Rishi Sunak has changed direction by extending the furlough scheme until the end of March and promising more generous help for self-employed people. Barely a week ago the Chancellor announced £22 billion package of aid for businesses affected by Covid restrictions, but infection rates have continued to climb forcing the government to adopt a new approach. Support through the Self-Employment Income Support Scheme (SEISS) will be increased, with the third grant covering November to January calculated at 80% of average trading profits, up to a maximum of £7,500. However, millions of small business owners are slipping through the net and will not qualify for any help. Stock markets went up and house prices have hit new highs following the bad news during the worst economic crisis since the second world war! 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 Charles@CharlesKelly.netor 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 HondaJapan’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

UBI or a universal basic income has been talked about by governments and think tanks for years. Now Germany has started an experiment to see if UBI can replace some of the income from the millions of jobs – both blue and white collar - expected to be lost to robots, machines and AI. Switzerland and Finland have previously ran UBI pilot schemes. Driverless vehicles alone will wipe out tens of millions of jobs and AI is replacing white collar jobs in banking and investment, law and accountancy. Over 28 million people, or almost one fifth of the American workforce, were collecting some form of unemployment payment in the week ended 1 August, the BBC reports. Other articles available atMoney Tips Podcast - www.moneytipsdaily.com   Apple is first US company to hit $2 trillion M&S to shed 7000 office and retail jobs John Lewis and Debenhams close stores Third of UK employers plan further job cuts UK economy shrinks by 20% April to June 2020 UK is officially in recession after successive GDP falls One in three UK employers plan more redundancies Redundancies soar fivefold despite furlough scheme Unemployment to double 7.5% and economy slump 9.5%  Half as many jobs are being advertised compared to 2019 Self-employed, have you claimed your government grant? Base rate held at 0.1%, interest rates to stay low for 5 years Lenders not passing on rate cuts and mortgage rates going up! The end of furlough sees millions more unemployed this autumn UK house prices reached a new all-time high in July as buyers return UK property prices jumped by 3% since June following stamp duty cut 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, 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 how to survive the crisis and even quit the rat race, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com   See omnystudio.com/listener for privacy information.

On 9 August 2016, 25-year-old Hugh Richard Louis Grosvenor became the billionaire 7th Duke of Westminster, when his father, Gerald Grosvenor, suddenly died of a heart attack aged 64.  The Duke and his family are estimated to be worth at least £10.1 billion (US$13 billion), according to the Sunday Times Rich List in May 2019. The exact amount of wealth is difficult to estimate, since most of it is held in trusts.  The current Duke is the world's richest person aged under 30. Other families appear higher on the Sunday Times list, but privately held property is undervalued compared to company shares on the stock market, and very few people have stayed in the top 10 as long as the Dukes of Westminster.   How have this extraordinary family maintained their vast wealth, passing down through the generations for 300 years? As the Chinese say, most family fortunes disappear after only three generations. The first reason is smart tax planning. If the Grosvenor estate been bequeathed directly to the young Duke, he would been liable for 40% inheritance tax, not far off the Treasury’s death duty take for the last financial year. Inheritance tax (IHT) usually involves selling off assets in order to pay the tax, which would wipe out the fortune within a few generations. Hugh Grosvenor, like his father, legally avoided a massive amount of tax on his £10bn inheritance because the majority of assets within the estate are held in trusts. UK trust law ensures the survival of many of the country’s largest fortunes, while less wealthy people and increasing the middle classes are forced to sell off family homes to cover IHT demands.  The second reason their wealth is still growing for centuries is the use of leases. The Grosvenor Estate’s assets includes a privately owned property business which has £11.8bn of prime property under management. The 300-year-old London property business started in 1677 with 500 acres of then rural land covering much of Mayfair and almost all of Belgravia – adjacent to Buckingham Palace and the home of Harrods in exclusive Knightsbridge.  Grosvenor’s international property portfolio range from office space in Silicon Valley, a science park in Edinburgh and the freehold on the current US embassy in Grosvenor Square. Perhaps the most famous and exclusive streets in the empire is Eaton Square, built close to the Houses of Parliament during the housing boom after the Napoleonic wars. There was recently a listing on Rightmove for a flat in Eaton Square for only £600,000. I thought, wow, that’s a bargain for an exclusive address in Knightsbridge. Alas, I looked closer I discovered that it was not such a bargain because the remaining lease was only 5 years. The key to keeping hold of their assets is the use of leasehold titles, which means the freeholds eventually comes back to the family. The final factor for keeping wealth together, and perhaps the most important, is that the family take the long view and employ long term planning.  Whilst most people plan to leave a legacy for their children or grandchildren, the Grosvenors, and other super wealthy families like the Rothchild’s or Rockefellers, think several generations ahead and have a wealth preservation strategy. The previous Duke saw himself as the custodian of the family fortune and struggled with the burden of keeping it all together. The responsibility even led to his depression. The fact that the business is largely made up of investment property from residential to some of the biggest farms in Britain is obviously a major factor compared to a family business which can go out of fashion or fail to adapt to changes. However, thousands of property businesses have gone by the wayside and the UK is littered with country estates now owned by the National Trust because the once wealthy aristocratic families could no longer afford to maintain them. Summary 3 factors have kept the Grosvenor’s fortune intact: Trusts Tax planning Long term planning Other articles available atMoney Tips Podcast - www.moneytipsdaily.com   Is the stock market about to crash?  How will a crash affect your pension? House prices rise to reach all time high How to avoid bankruptcy in business Will demand for HMO rooms rise or fall? Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

UK house prices went up again in October, at the fastest rate for five years, as buyers scrambled to beat next year's stamp duty deadline, the Nationwide Building Society reports. Annual house price growth rose to 5.8% and the average price is now £227,826. A similar survey by the Halifax show an even higher annual growth rate of 7.3% For the next five months, buyers of properties valued at up to £500,000 in England and Northern Ireland will not have to pay stamp duty on the purchase. Second home buyers and buy-to-let investors will still have to stump up the 3% tax grab surcharge. How long will the boom last? Booms are usually followed by bust, something which has not escaped the attention of the Bank of England. Official figures released by the central bank this week revealed that home-buyer mortgage approval climbed to a 13-year high in September. There are fears that the market is heading for a cliff-edge with potential buyers possibly pulling out of transactions in 2021 if they cannot meet the stamp duty deadline. The BBC reports that NAEA Propertymark has called for action to avoid the cliff-edge by extending the deadline. As the current furlough scheme comes to a close unemployment figures could rise rapidly leading to lower buyer demand and rising repossessions. A second wave of Covid 19 is sweeping the country forcing regional lockdowns and restriction, which could stall economic recovery. More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com 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 Charles@CharlesKelly.netor 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 HondaJapan’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

Could Wall Street tech stocks sell-offs and poor economic outlook indicate another market correction? Apple 6.7%. Amazon, Facebook and Microsoft dropped by 4%. Dow Jones Industrial Average closed 2.25% lower, S&P 500 fell 2.78% and Nasdaq dropped 2.95%. The global economy is expected to shrink by roughly 5% this year, which is huge.  With Covid-19 showing signs of a return, further lockdowns could stall economic recovery.   Other articles available atMoney Tips Podcast - www.moneytipsdaily.com   Is the stock market about to crash?  How will a crash affect your pension? House prices rise to reach all time high How to avoid bankruptcy in business Will demand for HMO rooms rise or fall? Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

Chancellor announces £22 billion package of aid for businesses affected by new covid restrictions. Rishi Sunak promised grants of up to £2,100 a month for ‘Tier 2’ companies that are not forced to close but are struggling to be commercially viable. As many as 150,000 businesses could qualify for the payments, which could cost the Treasury £1.2billion. The new Job Support Scheme replaces the furlough and will be extended to firms that are legally allowed to open. It will be more generous allowing employers to pay just 5 per cent of staff wages, while the minimum threshold for hours worked will be reduced to one day. If an estimated two million people enrol, it could cost the Treasury £6billion. 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 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 Charles@CharlesKelly.netor 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 HondaJapan’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

The UK's largest housebuilders are being investigated by a watchdog after "troubling evidence" has emerged over the way leaseholds on newbuild housing estates have been sold to property buyers. Major companies like Barratt Developments, Countryside Properties, Persimmon Homes and Taylor Wimpey are facing legal action from the Competition and Markets Authority (CMA), which could take the developers to court. Buyers have been caught in a leasehold trap, with rising ground rents, unfair fees and properties which could become difficult to sell. The CMA has demanded information from the developers and could go to court. Many people do not realise that when they buy a leasehold flat or house, they own a lease which gives them the right to use the property for the length of that lease. However, leaseholders are also restricted on what they can do with the property and often have to obtain their freeholder or landlord's permission for any work or changes to their homes. Typically, on a leasehold flat or house, a new lease is granted for a fixed period of between 99 and 125 years – in some cases 999 years. Whilst it’s true that people may extend their lease or buy the freehold, this can be expensive and many people find themselves at the mercy of a greedy landlord. Houses are also sold on a leasehold basis where house owners are charged expensive ground rent and service charges, in addition to rip-off fees just to make alterations or improvements to their homes. Most flats are sold as leasehold and most houses as freehold. A leasehold house is notoriously difficult to sell and should be avoided. The CMA watchdog said leasehold buyers were being hit with ground rents that doubled every decade, and said that others were wrongly advised that they could not buy the freehold on a site. Katie Kendrick, a leasehold victim, set up the National Leasehold Campaign six years ago and now has 18,000 members. Other articles available atMoney Tips Podcast - www.moneytipsdaily.com   House prices hit all time high How to avoid bankruptcy in business Tax increases plan to pay for furlough Zero interest credit card deals returning Will demand for HMO rooms rise or fall? EU staff offered chance to go home to work Is this the end of office work as we know it? Home workers one step closer to outsourced What will happen to all the city office blocks? Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Restaurants extend ‘eat out to help out’ scheme  Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Unemployment to double 7.5% and economy slump 9.5%  Self-employed, have you claimed your government grant? Lenders not passing on rate cuts and mortgage rates going up! UK property prices jumped by 3% since June following stamp duty cut 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

Emergency help for energy bills announced by Ofgem The UK Energy regulator, Ofgem will introduce new rules from 15 December to help vulnerable customers struggling to pay their energy bills this winter. Gas and electricity suppliers will be required to offer customers cannot top up prepayment meters emergency credit. Where customers are in debt, suppliers must put them on "realistic and sustainable" repayment plans. This comes as Ofgem are cutting the price cap on default tariffs and prepayment meters, due to falling gas wholesale prices, which means up to £95 lower energy bills for millions of people this winter. More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com · Centrica share price in decline · Welsh Government lockdown · UK state pension age rises to 66 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 Charles@CharlesKelly.netor 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 HondaJapan’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

As the recession deepens and the end of the furlough scheme looms, Ann Summers becomes the latest retailer to threaten landlords with CVA unless shop rents are renegotiated Some landlords are “burying their heads in the sand”, says Ann Summers boss Jaqueline Gold. Ann Summers is a hugely successful lingerie and sex toy chain, which has brought the industry from the backstreets into mainstream retailing in the high street. They famously selling millions of pounds worth of products through ‘party plan’ selling in customers houses. Gold warned that unless landlords come to the table, they would ask to restructure its rent costs through a Company Voluntary Arrangement (CVA), which would wipe out much of its debt and liabilities such as lease agreements. A CVA is a legally enforceable rescue deal that enables limited companies to close unprofitable parts of the business, such as low performing stores, reduce their rent on others without going into bankruptcy or liquidation which would wind up the business. Jacqueline Gold said landlords needed to recognise things had changed. "Ultimately no retailer can afford to run stores unprofitably, and with business rates set to return next spring, the challenge of property costs is going to become even more pressing than ever," she said. Writing in Retail Week, Ms Gold said the threat of a CVA was "no idle threat".   Source: BBC In my experience, commercial landlords can be ruthless especially to smaller tenants with no clout. I have seen many small business owners made bankrupt by landlords over unpaid rent on a binding lease agreement. 5 tips to avoid bankruptcy Avoid signing long leases especially in your own name. Avoid signing personal guarantees. Limit your personal liabilities and debts. Incorporate your business Take out liability insurance Individuals suffer most from debts and can lose everything including their home. Jaqueline Gold or Richard Branson will not lose their home of one of their companies fails because they are not sole traders or in a partnership.  The above information should not be treated as personal financial advice, and you should always take advice from your own advisers, accountants and lawyers who know your personal circumstances. Other articles available atMoney Tips Podcast - www.moneytipsdaily.com   Tax increases plan to pay for furlough Zero interest credit card deals returning Will demand for HMO rooms rise or fall? EU staff offered chance to go home to work Capita to shut a third of offices permanently  Is this the end of office work as we know it? Home workers one step closer to outsourced What will happen to all the city office blocks? Companies still have long leases on big offices Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Restaurants extend ‘eat out to help out’ scheme  Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants  Unemployment to double 7.5% and economy slump 9.5%  Self-employed, have you claimed your government grant? Lenders not passing on rate cuts and mortgage rates going up! UK property prices jumped by 3% since June following stamp duty cut 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 Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com See omnystudio.com/listener for privacy information.

“No DSS” tenant blanket ban ignored by buy-to-let landlords despite ‘unlawful’ ruling by Judge The BBC has launched its own investigation into landlords who still advertise their properties to rent using the terms “No DSS” or “Working tenants only”. Last month, a District Judge has ruled that blanket bans on renting properties to people on housing benefit are unlawful and discriminatory. The county court ruling found a single mother-of-two had experienced indirect discrimination when a letting agent refused to rent to her. She subsequently ended up homeless with her two children, when her case was taken on by housing charity Shelter. The judge ruled "No DSS" rental bans are against equality laws. District Judge Victoria Mark heard the case in York County Court on 1 July, and ruled: "Rejecting tenancy applications because the applicant is in receipt of housing benefit was unlawfully discriminating on the grounds of sex and disability" and “contrary to the Equality Act 2010”. According to a BBC report, landlords are apparently still flouting the “ruling”. However, a lower county court ruling may influence other court decisions as a ‘persuasive authority’ in similar cases, but is not binding in law. The National Residential Landlords Association's (NRLA) Deputy Director for policy and research, John Stewart, told the BBC that it had "always advised landlords they should not blanket ban benefit claimants" but the "fundamental issue was the affordability of renting". He added that there are a number of valid reasons why rental listings said benefit claimants were not accepted, including: The timeliness and levels of benefit awards - including complaints about universal credit, a shortfall between housing benefit and private sector rents and in some cases, fluctuating levels of benefit income Banks and insurers saw benefit claimants as higher risk Landlords trying to avoid extra fees for tenants who would fail credit checks and references Complaints about Universal Credit taking months to pay landlords and then giving the rent directly to the tenant have been widespread. Source: BBC Shelter is a left-leaning charity which campaigns for the end of “no fault” evictions, further regulation in the social housing sector and new laws to force landowners to build more social housing. The organisation has an annual income of £67 million, of which £18 million comes from “grants and contracts”, some of which comes from government or taxpayer’s money. They reported a £3.5 million “surplus” (charities do not pay tax and cannot make profits so the make surpluses instead), in 2018/19. The CEO is paid a salary of £128,000 a year – over 4 times the UK national average wage. Shelter holds £16 million in reserves according to its Annual Report 2018/19 and had fund balances of £26 million. Although they could build a lot of social housing with £26 million, Shelter does not provide “shelter” or housing. Left-wing pressure groups like Shelter would like to take the private rented sector seventy years back to the days of rent controls and effective lifelong tenancies or ‘sitting tenants’, which would have the effect of private landlords deserting the market in droves. Ironically, rent controls in the 1950’s and 1960’s led to a shortage of private rental properties and the very rogue slum landlords which led to Shelter being founded. Everyone in the UK should have a home, but does that mean everyone has a “right” to a home or a legal right to rent a home from a private buy-to-let landlord regardless of their circumstances? We are supposed to be living in a free and democratic capitalist country, not a Marxist state. Landlords must also be able to choose who they want to take on as a tenant based on their circumstances and ability to pay. This is not a political blog, but I have to say that socialism and communism doesn’t work. It has been tried all over the world from the failed states of USSR to Venezuela, yet keeps coming back like a virus you can’t kill. Karl Marx idea of capital and land in the hands of the state has been a disaster and led to millions dying of starvation in Maoist China and North Korea. I have current experience with both private and benefit tenants with mixed results. The LHA rates in some areas are simply not competitive or equivalent to the open market rate and dealing with benefit claims is a steep learning curve for landlords. Deposits and upfront rent can also be an issue. Landlords with buy-to-let mortgages may be in breech of their mortgage conditions if they let the property to tenants on benefits. The private sector should not have to pick up the pieces for the failures of successive governments to build sufficient social housing for a growing low-wage population. There has been no major council house building programme since the 1970’s. The last major town to be built with proper infrastructure and rail transport links was Milton Keynes which, along with other new towns such a Harlow and Basildon, were planned in the 1960’s. Councils could easily build more social housing and borrow to do at favourably low rates, but many choose not to for a variety of reasons. Other articles available atMoney Tips Podcast - www.moneytipsdaily.com Zero interest credit card deals returning Is this the end of work as we know it? Is it really more efficient to work at home? Home workers one step closer to outsourced What will happen to all the city office blocks? Companies still have long leases on big offices Why live in expensive town centres anymore? The ‘eat out to help out’ scheme ends Monday Thousands trapped in unsellable leasehold flats Number of homes repossessed falls to record low Mortgage possession claims fell by 97% to just 161 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants Unemployment to double 7.5% and economy slump 9.5% Self-employed, have you claimed your government grant? Lenders not passing on rate cuts and mortgage rates going up! UK property prices jumped by 3% since June following stamp duty cut 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, 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 how to survive the crisis and even quit the rat race, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com   See omnystudio.com/listener for privacy information.