9 Habits To Develop Extreme Productivity

9 Habits To Develop Extreme Productivity

Based on a book about the remarkable story of the author’s Erica and Mike Schultz and their Son’s five year fight for life.

Sometimes our most productive times can come during a period of adversity, as it did for the authors.

During a study of thousands of extremely productive people, they came up with 9 habits based on the use of something we all have in equal amounts, time.

T.I.M.E

Erica and Mike Schultz found a method of breaking down time into distinct segments during each day:

·        Treasured Time – cherished time most special to them on a personal level.

·        Investment Time – generates returns that exceed the work you put in.

·        Mandatory Time – time doing day-to-day thing you must do.

·        Empty Time – wasted time, surfing web, social media doing nothing.

Key message.

Maximise Treasured and Investment Time – Minimise Mandatory and Empty Time.

Extremely productive people manage their time better and so can you.

Develop these 9 habits to become extremely productive and happier.

1. Recruit Your Driving Force – Your WHY.

Motivate yourself by finding your true driving force.

Write down goals and break them into annual, quarterly and weekly goals and manageable chunks or tasks.

This might sound familiar to you, but are you doing it?

2. Ignite Your Proactivity

Fill your daily calendar with Investment Time activities. Prioritise your Greatest Impact Activity or GIA – the activity with the greatest long-term return on your detailed concentrated effort.

Develop better habits to put more of your time into GIA activities to turbocharge your productivity.

This reminds me of the 80/20 rule – 80% of your productivity probably comes for 20% of your tasks.

3. Re-engineer Your Habits

Identify unproductive habits, such as spending hours on social media or doing nothing on your daily commute and upgrade them. For instance, you could upgrade your time on social media to learn a new skill or listen to a productive podcast during your Mandatory Time commute to and from work.

As Brian Tracy said, the average person in America today spends enough time in their cars each week to study for a degree. Instead of listening to the radio for hours, they could listen to audio recordings and literally take a degree in three years or learn a new language.

Our cars, Brain said, can be turned into !learning machines”. The same applies to smartphones through which you can access millions of audios, audiobooks on platforms such as Audible and podcasts on every subject all at very little cost.

Another tip is to turn off unnecessary notifications on your smartphone, which distracts your mind away and breaks your concentration, or train yourself to not instantly react to them.

Changing your environment can also affect your concentration. Fix the problem or work somewhere that makes you more productive.

4. Obsess Over Time

Obsessing over your TIME means working out where every activity fits within that structure.

Make sure your priorities are reflected in your daily routine.

Take Treasured Time

Increase Investment Time

Minimise Mandatory Time

Eliminate (as much as possible) Empty Time.

Successful and wealthy people value and seldom waste time, like when I spoke to John Assaraf and met the likes of Jim Rohn and Brian Tracy. They were helpful, but quickly and politely moved on.

Its not just about what you do, but what you don’t do...

5. Say No

Have a clear idea of what’s really important.

When someone asks you to do something that doesn’t fit in with your priorities, have the courage to politely, but assertively to say “no”!

That doesn’t mean saying no to your boss by the way!

It does mean saying “no” to things that do not serve your purpose at that moment.

The more successful you become, the more others want a piece of you, so you must learn to manage your time and schedule.

6. Play Hard To Get

Concentration. Distractions are everywhere these days, especially our inbox and numerous message boxes. Does every message need to be dealt with immediately?

Don’t try to be always available to everyone. Block out time to concentrate on your schedule and your most important GIA tasks. Your time is your own.

7. Get In The Zone

Learn to get in the zone and stay there. An athlete or performer can look relaxed an hour before a game or concert. But once they get on that stage they are instantly in the zone.

Set aside 90 minutes of work and break it down into short sprints with breaks in between.

8. Develop Energy

Take care of your body by eating nourishing food, getting enough sleep and exercising.

All the successful people I have known and met seem to have boundless energy whatever their age.

Don’t waste mental energy on unnecessary things. For instance, have set meals for each day of the week rather than spending hours wondering what to have for dinner.

9. Right The Ship – Get Back On Track When Life Knocks You Down

No matter how successful or rich you are, things go wrong and can knock you off course. You have learn to pull yourself together and ‘right the ship’ time and time again when storms come and blow you off course.

Identify bad habits like ordering another beer or glass of wine to constantly checking your phone.

You have free will and free won’t.

Break down large, seeming impossible tasks, into smaller manageable chunks.

Make a contract with yourself to achieve something important to you like losing weight or getting fit.

I would add ‘Systems’ to Erica and Mike’s great habits.

Systems

The difference between a small one-man-band, mom and pop business and a larger more scalable business is systems.

Scalable business have systems and processes in place covering everything admin to sales. Most small businesses don’t. That’s why they stay small. The owners can never scale their business because they are spending 60-80 hours a week in the business.

You can apply systems to your personal, family and business life.

Efficient, organised households are run on systems.

The above habits do not require any harder work or effort than you are putting in now.

It’s the same with becoming financially free. You can become wealthy and financially free without working any harder than you are right now. In fact, it could be less.

If you would like to learn more about investing and managing your money, property investing and become financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.

I also cover financial education and money mindset in my book, 'Yes, Money Can Buy You Happiness", which you can order on Amazon: https://www.amazon.co.uk/Yes-Money-Can-Buy-Happiness/dp/1095175858

Interest Rates Held At 0.1% But Will Rise Soon

Interest Rates Held At 0.1% But Will Rise In Coming Months Bank Of England Hints

The Bank of England has indicated an interest rate rise in "coming months" to combat high inflation but held base rates.

At the Monetary Policy Committee (MPC) on Thursday, policymakers voted 7-2 in favour of no change from the current record low rate of 0.1%.

Bank governor Andrew Bailey said the decision had been a "close call", while the MPC said there was "value" in waiting to see how the jobs market coped with the end of the furlough scheme.

The UK has resisted calls to hike rates amid market expectations of 4% inflation by the year end.

I would still expect rates to go up to 0.25% before too long in order to curb inflation in Europe and America where prices are rising by over 5% per annum.

US starts ‘tapering’ $120 billion a month bond purchases by $10 billion.

See also:

Buy-to-Let Property Demand Down 60% Says London Estate Agent As Chinese Buyers Dry Up - https://youtu.be/4RLroedmkX4

What Can You Invest In That's Guaranteed To Go Up In Price In 12 Months? The Answer Will Shock You! - https://youtu.be/_ccb_gTVDkQ

Financial education in investing is the key to building and keeping wealth. Never stop learning!

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.

If you would like to learn more about investing and managing your money, property investing and become financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2

 

#property #financialeducation #freetraining #propertyinvestment #investing #passiveincome #nomoneydownpropertyinvesting #makemoneyonline #chinaproperty #buytoletproperty #rentalproperty ##propertymarketnews #interestrates

Eight Ways Rishi Sunak's Budget Could Impact You

Eight Ways Rishi Sunak's Budget Could Impact You

Opening his second budget speech of 2021, the chancellor promised a stronger UK economy. The good news is the UK is recovering faster than its major competitors from Covid, the chancellor told MPs.

Rishi Sunak says the Office for Budget Responsibility (OBR) has revised up its forecasts for UK economic growth. The OBR now expects gross domestic product (GDP) to expand by 6.5% this year compared to the 4% it forecast at the Budget in March. This is below what the Bank of England expects - it is predicting 7.4% growth.

Budgets are typically a combination of giving with one hand and taking with the other – winners and losers as the government does its best to boost economic growth whilst keeping public spending in check. In reality, most people will see little difference in their daily lives and must continue to row their own boat without looking to the government to take care of everything.

Here are 8 ways you could be affected.

1. Universal credit boost

If you are working and in receipt of universal credit top-up benefits, you are probably affected by what is officially known as the taper rate. That means the universal credit payment you receive is reduced as you earn more.

Depending on their circumstances around two million would be better off, but another two million claimants will see no benefit because they either do not work or do not earn enough.

It is a significant policy in tackling the rising cost of living which will be brought in "within weeks" and no later than 1 December. It comes after criticism of cancelling the £20-a-week universal credit uplift given during the pandemic which had benefitted 5.5 million people.

2. Rising cost of living - inflation

Everyone knows that prices are going up in the shops and on household bills. The Chancellor confirmed the cost of living is expected to rise by 4% over the next year, mirroring market inflation expectation.

The freeze on fuel duty will continue for at least another year, to help drivers already are hit by higher prices at the pumps.

About 60% of the price we pay for petrol and diesel is tax - a mixture of fuel duty and VAT.

No measures to help householders with rising domestic gas and electricity bills.

3. Minimum wage increase

As expected, workers on minimum wages will receive an above-inflation pay rise next April. For those aged 23 and above the rate - known as the National Living Wage - will go up by 6.6%, as the hourly rate increases from £8.91 to £9.50.

Minimum wage increases from 1 April:

National Living Wage for those aged 23 and over: From £8.91 to £9.50 an hour

National Minimum Wage for those aged 21-22: From £8.36 to £9.18

National Minimum Wage for 18 to 20-year-olds: From £6.56 to £6.83

National Minimum Wage for under-18s: From £4.62 to £4.81

The Apprentice Rate: From £4.30 to £4.81

Public sector staff will also receive a pay rise in April when the freeze on wages in place during the pandemic is lifted. How much this amounts to, and whether it equates to more than the rising cost of living, will be decided at later date.

The government's official, independent forecasters - the Office for Budget Responsibility - said that real incomes for everyone would typically rise very slowly in the coming years. Income rises, after taking into account inflation and changes in tax will be no higher than 1.5% a year for each year up to and including 2026.

4. Alcohol duty overhaul

Drinking is getting more expensive, with pub chains warning that higher wages and energy costs will mean much higher prices for a pint.

However, Mr Sunak announced an overhaul which he described as "the most radical simplification of alcohol duties for 140 years", coming into force in February 2023.

This will lead to higher-strength drinks going up in price, but lower duty on drinks ranging from sparkling wine to draught beer.

The cost of smoking is rising again, with an above-inflation rise in duty on cigarettes and an 11% rise in duty on hand-rolling tobacco, taking effect within hours.

5. Your tax bill

Mr Sunak said he planned to reduce taxes during the rest of this Parliament.

Although announced before this Budget, two massive tax decisions had already been made that will affect your money in the coming years.

In the last Budget, Mr Sunak said the thresholds as which income tax is paid would be frozen at April 2021 levels for five years (although Scotland has different levels). That means pay rises will push more people into higher tax bands.

In September, the government also announced employees, employers and the self-employed would all pay 1.25p more in the pound for National Insurance (NI) from April 2022 to fund social care.

6. Flying

The cost of a domestic flight ticket could be cut, but very long-haul flights could get more expensive.

That is because the chancellor has made changes to Air Passenger Duty - a levy paid by airlines, but ultimately funded by passengers through the cost of their tickets.

7. The cladding crisis

Many homeowners of high-rise flats have faced crippling costs owing to the cladding crisis, following the Grenfell Tower tragedy.

A levy or tax on the biggest property developers of high rises to pay for the removal of dangerous cladding has been confirmed by the chancellor.

8. Money lessons

To help those of the youngest age, there is extra funding for projects supporting new parents.

There is also a new UK-wide programme to improve numeracy skills. The chancellor said that individuals with poor numeracy faced up to £1,600 a year in lost earnings, according to the charity National Numeracy.

The government will spend billions on schools, police and the court service, whilst trying to balance the books and reduce taxes before the next election.

A further £24bn will be earmarked for "a multi-year housing settlement", £11.5bn of which be set aside to build up to 180,000 new affordable homes, which he says is the largest cash investment in a decade. Brown-field land will be targeted for new homes, he says.

Rishi Sunak briefly mentioned a visa scheme to attract the brightest and best to come to the UK to work or start a business.

With inflation rising and interest rates due to be increased, there has never been a more important time to stay informed and never stop learning, especially if you want to invest in property.

Can you make money on social media or from property using none of your own money?  

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Minimum Wage Set To Rise By 6.6% To £9.50 per hour

Minimum Wage Set To Rise By 6.6% To £9.50 Per Hour

The National Living Wage is widely expected to be increased by 6.6% to £9.50 from £8.91 for workers over 23 in this week’s budget. The pay increase for millions of workers is twice the current cost of living rises and will put further inflationary pressure on businesses to pass the additional costs to consumers.

Retail sales continue to fall, as landlords ramp up the pressure on thousands of tenants in rent arrears.

Petrol prices hit record high in UK as inflation continues to soar towards a market predicted rate of over 4% by the year end.

Interest rates expected to rise to 0.25% to curb runaway inflation brought on by a lethal cocktail of higher transportation, food and commodity prices, staff shortages and central bank money printing on an industrial scale.

Rishi Sunak is expected to announce a £2bn investment into building new homes on derelict or unused land in England in Wednesday's Budget.

The UK Chancellor wants 160,000 greener homes built on brownfield land the size of 2,000 football pitches, and has also pledged £9m towards 100 urban "pocket parks" across the UK.

There are also rumours that he will introduce more tax hikes including Capital Gains Tax (CGT). CGT is paid assets, such as shares, a business or a second home, are sold at a profit.

Conservative governments are traditionally ‘low tax, low spend’ administrations, but Rishi Sunak has to get the country out of the worst recession in 300 years, controlling inflation, as well as balancing the books after borrowing £400 billion to spend on propping up the economy during enforced lockdowns. UK debt is over £2 trillion.

In further bad news, the BBC appears to be dropping strong hints that the country could be forced into yet another Christmas lockdown as infection rates rise.

See: 6 Budget Changes That Could Hit Your Pocket

Financial education in investing is the key to building and keeping wealth. Never stop learning!

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2

Rishi Sunak's Budget - 6 Changes That Could Hit Your Pocket

October Budget 2021 6 Changes That Could Hit Your Pocket

UK Chancellor Rishi Sunak will set out the government's tax and spending plans on Wednesday 27 October.

The BBC is predicting six tax and budget changes at a time when Rishi Sunak has already announced a £7 billion spending spree on northern transport links and childcare help for families. There is also a possibility of extended loan support, due to end in December for businesses struggling to come out of the recession, or subject to another winter lockdown?

This will be the second Budget of the year, after one in March, and will coincide with the conclusions of the 2021 Spending Review, which will give details of how government will fund public services for the next three years.

Here are six possible things to watch out for in the Budget that could affect your personal finances.

1. VAT on energy bills

The chancellor is reportedly considering a cut to the 5% rate of value added tax on household energy bills.

The move would be popular and timely against the background of soaring energy bills this winter and is something the government is now able to do because of Brexit.

But the move could attract criticism as it would - in effect - mean subsidising fossil fuels ahead of the climate summit.

Also, a VAT cut on domestic energy bills would cost about £1.5bn a year, which may just be too much for the chancellor.

2. Alcohol tax

There are rumours the chancellor is planning to simplify the way that alcohol is taxed in the UK.

The 2019 Conservative election manifesto promised to review it, so now could be the time.

One suggestion is to reduce the premium on sparkling wine to the same level as still wine, which could knock 83p off a bottle of Champagne or Prosecco.

"The government should stop trying to favour certain parts of the industry, instead focusing on removing distortions and creating a simpler system of alcohol taxes targeted at socially costly drinking," said Kate Smith, associate director of the Institute for Fiscal Studies.

The drinks levies have been in place since the 1600s and raise £12bn a year for the government.

3. Capital Gains Tax rates

There are rumours that the current Capital Gains Tax rates may be tinkered with.

The tax is paid when people sell assets such as shares or a second home.

It's been suggested that rates could be aligned more closely with income tax rates, which could mean scrapping the current tax rates of 10% and 20% (or 18% and 28% for property) and instead making everyone pay income tax rates on their gains.

A report by the Office of Tax Simplification, published in November 2020, recommended that CGT rates should be increased to bring them into line with income tax.

But it would be unlikely to raise significant extra amounts of tax, as it is typically paid by only about 275,000 taxpayers and raises less than £10bn a year.

Shares can be sold quickly to avoid higher CGT, but properties can take months to sell.

4. Student loan threshold

There are reports that graduates may be asked to start paying back student loans earlier.

The chancellor could do that by lowering the threshold at which people start repaying their student loans, a move that could save the Treasury about £2bn a year.

Currently, English and Welsh students who enrolled at university after 2012 pay 9% of everything they earn above £27,295 per year. They repay the same 9% until the loan is fully repaid or until 30 years after graduating.

If the threshold were reduced to £25,000, it would cost anyone earning more than the current limit an extra £206 a year, while if it were slashed to £20,000, it would cost an extra £656 a year.

Ministers are rumoured to have proposed cutting the threshold to as low as £23,000 and giving graduates 40 years as opposed to 30 to repay their debt.

5. Minimum wage rise

In his March Budget, Mr Sunak announced that the National Living Wage (what the governments call the minimum wage) would increase for workers over the age of 23.

Since then, the government has come under pressure to help employees further - especially as younger workers have been some of the worst hit by the economic downturn.

One solution the chancellor has been reportedly looking at is to increase the National Living Wage by 5.7% to £9.42 per hour from its current rate of £8.91.

That would bring it close to the Living Wage Foundation's current recommendation of £9.50 an hour.

6. Pension higher rate allowance

The government could raise cash by cutting tax relief on pension savings for those on high salaries.

But pension experts warn such a move would not be as simple as it sounds, Steven Cameron, pensions director at Aegon, said: "A move to a flat rate of pensions tax relief, rather than the current system where relief is based on the rate of income tax paid, would be far from simple to implement."

He said it would be particularly difficult for defined-benefit schemes and could mean medium to high earners, including doctors in public sector schemes, facing big tax bills.

"Removing higher-rate relief would be a direct attack on middle Britain, leading to people who do the right thing and save for their future being hit with extra tax costs," said Tom Selby, head of retirement policy at AJ Bell. Source BBC

Financial education in investing is the key to building and keeping wealth. Never stop learning!

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2

What Can You Invest In That Is Guaranteed To Go Up In Price In 12 Months...

What Can You Invest In That Is Virtually Guaranteed To Go Up In Price In Next 12 Months? The Answer Will Surprise You…

What can you buy today that will almost certainly go up in price by at least 10% in the next few months? A stock, property or gold? No.

Purpose of investing

Inflation is pushing up the price of almost everything you buy in the supermarket on a daily basis, from food to household cleaning items.

What is the real rate of inflation?

Proctor and Gamble, one of the largest consumer goods companies in the world with revenues of $76 billion, has announced that it will be increasing the price of its huge range of staple household goods, from Ariel and Crest to Gillette razons and Pampers nappies, due to higher shipping and raw material costs.

Stock up now and you will save 100 times more that you are earning on bank deposits.

Stamps story…

Taxes will increase to pay for multi-billion green economic reset

Mortgage lending will become harder on ‘non-green’ or poorly insulated properties, as the government forces lenders to abide by its green agenda more akin to a socialist party.

Stock Markets could fall 10%, the Bank Of England has warned, and property prices could follow.

Financial markets and stocks and shares could see a “sharp downturn” with lower expectation of an early economic recovery from the lockdown the Bank of England predicted last week.

The QE money printing party, which have artificially fuelled property and stock markets to record highs, must eventually end.

How can you protect yourself and profit from a stock market or property crash when the bubble bursts?

Fortunes have always been lost and made during a stock and property market downturn.

Even if you do not directly invest in the stock market or property your pension fund manager may be doing so on your behalf. Check with your administrator or financial adviser.

The answer is to learn about investing and become more financially aware.

Financial education in investing is the key to building and keeping wealth. Never stop learning!

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2

Book now as spaces fill up fast...

#interestrates #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #bankofengland #mortgages #propertyinvestment #investing #costofliving

Green UK Offer Heat Pump Grants To Phase Out Gas Boilers While Interest ...

Green UK Offer Heat Pump Grants To Phase Out Gas Boilers While Interest Rates Will Rise In November

The Bank of England will increase base interest rates to 0.25% next month, the market is betting.

The historically low rates of 0.1% will be raised to combat rising inflation, which is expected to reach 4% this winter.

Up to 90,000 UK households will be offered grants of £5,000 over the next three years to install heat pump systems to replace gas boilers.

Ahead of Glasgow’s COP26 climate change conference, the UK government has commited spending almost £4 billion of taxpayer’s money as part of the ‘Net Zero Strategy’ green agenda plan to create more electric charging points and all new heating systems to use low-carbon technology or fuel such as hydrogen by 2035.

The policies are expected to create 400,000 new jobs by 2030, although much of the technology will be imported. Prime Minister Boris Johnson, sitting next to Bill Gates, has pointed to £10 billion inward investment into the UK.

There is a risk that the upheaval of green policies being introduced too quickly could wipe out older industries and millions of jobs. Rishi Sunak has already announced plans to imposed environmental tariffs on large firms at a time when post-brexit Britain needs to encourage more manufacturing to narrow the widening trade gap.

Mortgage lending could become harder on ‘non-green’ properties, although details have yet to be thrashed out.

Stock Markets could fall 10%, the Bank Of England has warned, and property prices could follow.

Financial markets and stocks and shares could see a “sharp downturn” with lower expectation of an early economic recovery from the lockdown the Bank of England predicted last week.

The QE money printing party, which have artificially fuelled property and stock markets to record highs, must eventually end.

How can you protect yourself and profit from a stock market or property crash when the bubble bursts?

Fortunes have always been lost and made during a stock and property market downturn.

Even if you do not directly invest in the stock market or property your pension fund manager may be doing so on your behalf. Check with your administrator or financial adviser.

The answer is to learn about investing and become more financially aware.

Financial education in investing is the key to building and keeping wealth. Never stop learning!

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2

Book now as spaces fill up fast...

#interestrates #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #bankofengland #COP26 #heatpumpgrants #mortgages #billgates #propertyinvestment

Cost Of Comfortable Retirement Now £50,000 A Year

Cost Of A Comfortable Retirement Reaches £50,000 A Year For A Couple

A study shows that a couple retiring in the UK will need £49,700 per year to live comfortably, an increase of £2,200.

The Pensions and Lifetime Savings Association (PLSA) estimates that a “comfortable” retirement will include two cars, replacing items like a kitchen every 10-15 years, holidays abroad and £94 per week (Waitrose/M&S) for food shopping.

You could get by on a “moderate” retirement on £30,600 per annum and a “minimum” existence with just £16,700 and a food bill of £67 per week (Lidl/Aldi).

With the return of higher inflation, many retired people struggle to meet the rising cost of food, fuel and council tax, let alone home maintenance and overseas trips or cruises in the sun.

Many resort to the booming “equity release mortgage” industry to give them a lifetime re-mortgage on their home to help make ends meet.

How much do you need in cash to provide an annuity pension of £50,000 per year?

What is an annuity?

Are there alternative options?

Financial education is the key to building and keeping wealth. Never stop learning!

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.

Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy and how some lose it all - Yes Money Can Buy You Happiness.

We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free!

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

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Interest Rates Set To Rise By December Economists Predict

Interest Rates Set To Rise By December Economists Predict

As prices, wages and inflation soars, the market is pricing a rise in interest rates before Christmas.

The Times reports that economists at Bank of America expect a modest 0.15 percentage point rise in December taking base rates up to .25%.

Base lending rates have not increased since 2018 and in March 2020 during the pandemic the Bank of England slashed rates to an historical low of 0.1%.

Central banks are between a rock and a hard place where they will be forced to raise rates to curb inflation but will pay billions more on their own borrowing. A rise of just 1% will cost the UK an additional £10 billion a year. The cost will be billions more for the US.

Homeowners and buy-to-let investors will be protected whilst they hold a fixed rate mortgage but will suffer higher repayments when the rate expires. In the UK, most mortgages are fixed for two to five years. Mortgage rates actually went up when base rates were reduced, but lenders have recently entered into a mini-price war on buy-to-let deals.

Cheap borrowing has been blamed for increasing house prices despite the country experiencing the worst economic downturn on record!

1.1 million job vacancies

Job vacancies in the UK have reached a 20-year high, which will slow economic recovery.

The ONS reports that the number of employees on payrolls showed another monthly increase, rising 207,000 to a record 29.2 million in September.

The Institute for Employment Studies (IES) said labour shortages were "affecting the whole economy, and where likely between a quarter and a third is explained by lower migration".

Tony Wilson, director of the IES, told the BBC there were now fewer unemployed people per vacancy than at any time in at least 40 years. This is down to fewer older people in work and more young people in education he said.

The number of vacancies hit another record high of 1.1 million and average weekly earnings, including bonuses, are 7.2% higher than this time last year. Wage rises, which have reach 15-20% in some sectors, are normally followed by higher inflation and consumer prices for all.

Business leaders want to be allowed to import the workers they need to fill labour shortages. However, the government wants an end to low-skilled and low-wage immigration.

The energy crisis is threatening to shut down manufacturing production in the UK within days unless the government takes urgent action. Businesses want the government to protect them from huge increases in energy costs as well as reducing or removing ‘green tariffs’, which puts them at a disadvantage compared to countries like China.

The UK is sitting on a gold mine of natural shale gas that the government will not exploit due to environmental concerns. The US takes advantage of its shale gas which is why prices are one sixth of UK gas.

While China powers industry with coal fired stations, the UK refuses to reopen new coal mines in order to meet environmental targets which Asian competitors ignore.

China’s debt and real estate bubble has not gone away, with Evergrande and two other Chinese property companies defaulting on foreign owned bond interest payments.

Stock Markets could fall 10%, the Bank Of England has warned

Financial markets and stocks and shares could see a “sharp downturn” with lower expectation of an early economic recovery from the lockdown the Bank of England predicted this week.

How can you protect yourself and profit from a stock market or property crash?

Even if you do not directly invest in the stock market or property your pension fund manager may be doing so on your behalf. Check with your administrator or financial adviser.

The answer is to learn about investing and become more financially aware.

Financial education is the key to building and keeping wealth. Never stop learning!

Keep watching or listening to my free podcasts on iTunes and subscribe to my YouTube channel for regular financial news and updates.

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

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#interestrates #evergrande #chinacrisis #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #evergrande #chinapropertybubble #bankofengland

Businesses Want More Immigration, But UK Government Ending Low Skilled, ...

Businesses Call For More Immigration, But UK Government Wants An End To Lower Skilled Migration And Low Wage Economy

Business leaders have accused the British government of putting the blame on them for the supply chain and staffing crisis in the UK. They want the government to allow more immigration to plug the one million job recruitment gap.

But in his speech to the Conservative Party, Boris Johnson said a high-wage, high-skilled economy was being created in the wake of Brexit and the pandemic and that the country cannot keep relying on immigration.

In response, Federation of Small Businesses (FSB) national chair Mike Cherry said that the prime minister's vision did not "match the current lived realities of small businesses and sole traders".

Earlier this week, Lord Wolfson, the boss of the retailer Next and a Conversative Peer, said that overseas workers were the only way to solver labour shortages.

Current UK staff shortages include:

·        Lorry drivers

·        Care workers

·        Hospitality staff

·        Agricultural and food processing workers

The government, which has fast-tracked 10,000 visas for European drivers and agricultural workers, wants an end to low skilled immigration following Brexit and the end of EU free movement of labour in the UK. The UK has also granted around 5.4 million EU citizens the right to stay in the country.

Boris Johnson and other ministers have called on businesses to employ or train British workers, which owners say is easier said than done.

There are over a million job vacancies currently advertised in the UK and British people have traditionally shunned lower paid jobs in care and agriculture, two sectors which have come to depend on migrant workers.

In a private meeting, a government minister commented that with over a million people unemployed and five million on benefits - like universal credit - it makes no sense to keep importing low-skilled staff from overseas while taxpayers pay for people to stay at home.

Matching job vacancies with unemployed people is a challenge. Employers want the right skills and experience as well as staff in the right location to fill job vacancies.

As a former employer, I found it extremely difficult to recruit people from the local Job Centre, which helps unemployed people find work. Candidates seemed unmotivated to take jobs and frequently failed to show up for an interview. Most were stuck in the so-called ‘benefit trap’ where they were financially better off on benefits than they would be taking a job.

Staff shortages are causing wages to rise sharply, with HGV drivers being offered up to £70,000 per annum and farm worker salaries soaring.

The higher wages, as well as rising fuel costs will have to be passed on to consumers leading to fears of a return to stagflation - high inflation combined with low growth.

Inflation has hit a 13-year peak and could reach 6% according to markets. Germany and America are also experiencing rising prices as oil and natural gas costs increase.

Reckless money printing on an industrial scale has always led to inflation from pre-war Germany to modern day Venezuela and Zimbabwe.

Higher inflation is good news for investors holding assets such as property and stocks which have reach record levels.

Warning bells for Chinese property bubble

Investors are still piling into high priced stocks and properties like the party’s never going to end! Remind you of anything?

This week, another Chinese property company, appropriately named Fantasia Holdings, defaulted on interest payments following the Evergrande debt crisis. Could this be the tip of the iceberg and the next property and debt bubble?

If China goes down, it will take the rest of the world with it!

If you not worried because you don’t invest in stocks and shares or property, look at your pension fund.

There has never been a better time to stay informed and educate yourself on financial matters.

The KEY to building and KEEPING wealth is financial education.

Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy and how some lose it all - Yes Money Can Buy You Happiness.

We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free!

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2

Book now as spaces fill up fast...

#evergrande #chinacrisis #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #evergrande #chinapropertybubble #pensions #immigration #UKvisa #drivershortage

High Street Retail Is Dead, Long Live The High Street!

Is High Street Retail Really Dead?

With everyone talking about the end of physical shopping, Amazon is opening shops!

Morrisons supermarket UK chain is going through £7 billion takeover.

Costo is booming, Aldi and Lidl are expanding in the UK and workers are going back to offices.

Which is Britain’s cheapest supermarket?

Many stores have suffered in the last year with famous names like Debenhams and Gap disappearing from our towns, but basics like food and other necessities seems to be thriving.

Asia’s richest man, Mukesh Ambani (worth $99 billion) is bringing 7-Eleven stores to India, one of the fastest growing economies in the world.

Online retailing and home delivery are still increasing, but there is still room for physical stores.

I would not recommend a start-up business owner to immediately open a shop.

Did you know that 96% of new businesses fail?

The world’s economies are still choppy waters. Stock markets and property prices around the world remain at an all-time high fuelled by governments printing trillions to prop up weakened economies.

Yesterday I reported that a second Chinese property giant had defaulted on interest payments following the Evergrande scandal.

Investors are still piling into high priced stocks and properties like the party’s never going to end! Remind you of anything?

If you not worried because you don’t invest in stocks and shares or property, look at your pension fund.

There has never been a better time to stay informed and educate yourself on financial matters.

The KEY to building and KEEPING wealth is financial education.

Millionaires and millionaire habits have been studied and documented at academic levels for the last hundred years. Bestselling books, like The Science of Getting Rich and Thinks and Grow Rich, were written almost a century ago. I have also published my own book on how people get wealthy and how some lose it all - Yes Money Can Buy You Happiness.

We know exactly what the millionaire and billionaire habits and traits are, as success leaves tracks. All you need to do is follow their tracks to become wealthy and financially free!

If you would like to learn more about investing and managing your money, become a professional property investor, or would like to be financially free without working any harder, watch this free on demand training.

I will give a special free gift which can help you to immediately transform your finances when you attend the online training.

Click on this link to watch the free training now https://bit.ly/3wLWqx2

Book now as spaces fill up fast...

#evergrande #chinacrisis #realestatebubble #property #stockmarketcrash #inflation #financialeducation #freetraining #evergrande #chinapropertybubble #pensions #retail #amazon #costco #mukeshambani #7eleven #india