Thursday, November 17, 2022

What Does The UK Autumn Budget Statement Mean For You, As Inflation Hits...

What Does The UK Autumn Budget Statement Mean For You, As Inflation Hits 11.1%?

One third of countries will be in recession next year, so there has never been a more important time to get your financial house in order – see my free training https://bit.ly/3isugCr to help you manage your money.

In his first major speech as Chancellor, Jeremy Hunt announced £55 billion ‘fiscal squeeze’ tax changes and measures to cut the national debt whilst stimulating growth including the “biggest programme of public works for 40 years” and a plan to make the UK the world’s next Silicon Valley.

Markets were reassured by a steady and responsible budget. Highlights:

·        Social rents capped at 7% next year, saving tenants an average of “£200 a year”.

·        Social rents should increase for private landlords housing social rent tenants by 5%.

·        National Living Wage increased and more help poorer pensions and families on Universal Credit benefits.

·        Pensions ‘Triple Lock’ retained meaning the largest ‘inflation-linked’ increase to state pensions.

·        Hunt wants to bring down national debt as a percentage of national debt over 5 years.

·        Extra energy costs reach £150 billion this year – more pain for consumers next year.

·        Corporation tax and stamp duty changes to be implemented.

·        Capital Gains Tax (CGT) thresholds halved – another tax rise.

·        New nuclear power station announced at Sizewell, Suffolk.

·        Inflation is the “enemy” of growth. Jeremy Hunt.

·        Lowering higher rate tax thresholds from £150,000 to £125,140.

·        Freezing tax free allowances – effectively increasing taxes.

·        ‘Fiscal drag’ means 3 million people will pay more tax.

·        Windfall tax on energy companies increased to 35%.

·        Electric vehicles will start paying car tax duty.

·        OBR expects housing market to slow down – Stamp Duty reviewed.

·        Big tech companies should pay more tax under a new international agreement.

·        Review of “workforce participation” – get people on benefits to get a job!

·        Crackdown on benefit fraud.

Reality check. World heading into recession

One third of countries will be in recession next year, so there has never been a more important time to get your financial house in order – see my free training https://bit.ly/3isugCr to help you manage your money.

OBR predicts UK recession next year and low growth and 7.4% inflation next year - see 21 Money Saving Tips https://youtu.be/taJgXOqp9O0 – and negative inflation in 2025.

·        UK inflation has hit 11.1%.

·        Interest rates could rise again.

·        £100 billion to service UK national debt.

·        £177 billion more borrowing next year.

·        Rishi gave away billions, Jeremy is taking it back, as he said, “it has to be paid for”.

·        The UK always pays its debts, he reassured the markets.

I have space now for a small group of people I can work with to mentor them to success in any economy.

To help you get through this and come out stronger at the other end I am offering subscribers a Free Wealth Discovery Accelerator Call

If you are struggling to grow your income and reduce costs in the economic winter, I will personally speak to you to help you accelerate your wealth building journey.  

If you would like to work with me to help you thrive in any economy, click on the link below to book a free Wealth Accelerator Discovery Call - https://calendly.com/charleskelly/wealth-accelerator-discovery-call

#recession #money #economy #freetraining #moneytraining #coaching #mentor #positive #makemoney #managemoney #budget #jeremyhunt #inflation #tax #fiscaldrag


Saturday, November 12, 2022

Don’t Join The Recession – 7 Tips To Help You To Thrive In ANY Economy!

Don’t Join The Recession – 7 Tips To Help You To Thrive In ANY Economy!

If you would like to work with me to help you thrive in any economy, click on the link below to book a free Wealth Accelerator Discovery Call - https://calendly.com/charleskelly/wealth-accelerator-discovery-call

The world’s economies are in turmoil. Even the mighty German economy drag the EU into a long recession according to the EC.

But what about YOUR economy? What are you doing right now in your ‘U’conomy’?

Migrants do very well in a recession. Why? Because they don’t watch the news! Brian Tracy.

I want to work with a small group of people to help you not only survive but THRIVE in the recession.

In the meantime, here are 7 quick money tips:

1.      Cash flow – do whatever it takes (legally) to keep cash coming in.

2.      Keep working - As the late Zig Ziglar said, you don’t have to “join the recession”. He was selling pots and pans in a recession, but doubled his sales because he worked while everyone gave up and said “nobody’s got any money, don’t you know we are in a recession”.

3.      Manage money – you must get control of your finances and budget. See my free new training to help you get control of your finances in 28 days!

4.      Look for opportunities – there are millions of opportunities to make money in any economy.

5.      Get around the right people – stay away from the people who drag you down with negative talk.

6.      Stay positive and realise that winters pass – “all things must pass”, George Harrison wrote. Winters follow summers and spring follows winter. Recessions are inevitable and come and go in most decades.

7.      Get a mentor – getting a mentor, coach, mastermind group or training are the smartest things you can do, especially in an economic downturn.

I have space now for a small group of people I can work with to mentor them to success in any economy.

If you would like to work with me to help you thrive in any economy, click on the link below to book a free Wealth Accelerator Discovery Call - https://calendly.com/charleskelly/wealth-accelerator-discovery-call

#recession #money #economy #freetraining #moneytraining #coaching #mentor #positive #makemoney #managemoney #briantracy #zigziglar #jimrohn


Wednesday, November 9, 2022

85,000 Buy-to-Let Landlords Quit Property Rental Market

85,000 Buy-to-Let Landlords Quit Property Rental Market

For more tips and money-making ideas see my programme, Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.

·        In the last 5 years, 85,000 landlords have quit the rental property market!

·        Government red tape, planned legislation, increased costs and tax changes are to blame.

·        Now they must contend with higher mortgage rates and the end to ‘no fault evictions.

·        Demand for rental properties up 14%, some areas by 200% rise in enquiries say Rightmove.

·        Available properties to rent dropped 35% in the last year, according to BBC report.

A quarter of UK adults have less than £100 in savings, according to a survey by the Money and Pensions Service.

The research found that 17% have NOTHING set aside, 5% have less than £50 and 4% between £50 and £100 in savings.

As the cost-of-living soars, the figures predict that millions of Britons living in one of the richest countries in the world have no savings.

The Bank of England warns that the UK will enter the longest recession ever, as they raised interest rates by the highest level since 1989 to help fulfil their own prophecy.

Recessions create opportunities to make money and build a fortune if you have the correct mindset.

For more ideas and tips, see out my new training to help you get control of your finances in 28 days!

Click to join: https://bit.ly/3isugCr

#freetraining #savemoney #moneysavingtips #mortgage #creditcarddebt #costofliving #goals #houseprices #property #getcontroloffinances #money #halifax #housingmarket #interestrates #inflation


Thursday, November 3, 2022

Longest “UK Recession Ever" Say BoE As The Raise Interest Rates By Highe...

Longest “UK Recession” Ever, Say BoE As The Raise Interest Rates By Highest Level Since 1989

For more tips and money-making ideas see my programme, Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.

The Bank of England warns that the UK will enter the longest recession ever, as they raised interest rates by the highest level since 1989 to help fulfil their own prophecy.

·        The Bank of England warns the UK facing longest recession since records began.

·        Misery for mortgage borrowers as MPC raises interest rates by the most in 33 years to 3%.

·        Base interest rates hiked again from 2.25% to 3% - the biggest jump since 1989.

·        Banks predicts a "very challenging" 2-year slump with unemployment doubling by 2025.

·        Bank hope to bring down soaring prices as the cost of living rises at its fastest rate in 40 years.

For more ideas and tips, see out my new training to help you get control of your finances in 28 days!

Click to join: https://bit.ly/3isugCr

#freetraining #savemoney #moneysavingtips #mortgage #houseprices #energybill #costoflivingcrisis #interestrates #bankofengland #foodbank #getcontroloffinances #money

 


Wednesday, November 2, 2022

UK house prices will crash 8% next year Mortgage lender predicts

UK house prices will crash 8% next year Mortgage lender predicts

For more more tips and money-making ideas see my programme, Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.

·        House prices will plummet by 8% in 2023

·        Stay flat for the following four years, Lloyds Banking Group has predicted.

·        Britain’s biggest mortgage lender issued a pessimistic outlook for the UK economy

·        Setting aside £668m to cover bad debts.

·        The bank fear that rising interest rates – which they predict could reach 4% by 2024 - will make mortgages less affordable.

·        ONS data says price of the average home up by 13.6% in the year to August to £296,000.

·        An 8% fall will not put values below the rapid rises over the last two years.

·        The Bank of England hints base rates could rise by 0.75-1% when it meets in November as it fights to tackle 10% inflation.

·        Wholesale lending rates have eased after fixed rate mortgages topped 6% following the disastrous mini budget.

New buy-to-Let investment deals are no longer viable with 6%-7% mortgage costs even with a 25-30% deposit – see:

Higher interest rates will KILL buy-to-let property market

Cash buyers are unaffected by mortgage rates of course, but investors have traditionally used leverage and maximum borrowing to expand their portfolios, but higher rates have moved the goalposts.

The Nationwide has reported that UK house prices fell for the first time in over a year last month. Prices fell by 0.9% month-on-month in October.

Over 100,000 borrowers are reaching the end of their fixed rate deals every month at which time they will suffer sharp increases in payments. Many will face mortgage rises of 2-300%.

Britons are facing a long winter of strikes and higher energy and food prices, despite wholesale prices of gas and oil falling from their highs.

Other news

Is the dollar losing its status as the world’s reserve currency?

For more ideas and tips, see out my new training to help you get control of your finances in 28 days!

Click to join: https://bit.ly/3isugCr

#freetraining #savemoney #moneysavingtips #mortgage #creditcarddebt #costofliving #goals #houseprices #property #getcontroloffinances #money #halifax #housingmarket #interestrates #inflation


Friday, October 28, 2022

21 SMART Money and Energy Saving Tips


21 SMART Money And Energy Saving Tips

With energy bills, fuel and interest rates soaring, there’s never been a more critical time to make savings and learn how to manage our money to the best of our ability. I cover many more tips and money-making ideas in my programme, Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.

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Here are some tips to help you save and accumulate more money.

1 Pay yourself and save first, spend what’s left

Pay yourself first is the golden rule and money mindset the rich and well-off follow. Do this and you’re on your way towards financial freedom. Try the 50/30/20 formula and have your salary automatically paid in separate accounts:

50% of your take home pay for your needs (bills, food, minimum debt payments),

30% for fun, play, eating out and entertainment

20% saved for your future, extra debt payments, saving for emergencies and investing.

2 Avoid credit card debt interest

Plan a strategy to get rid of it credit card balances with cash or by transferring the debt to a 0% balance credit card to avoid paying interest for a fixed time (up to 30 months) COMBINED with paying off the balance every month.

Another useful tip set up a direct debit to avoid missing minimum payments and being stung with high charges and bad credit report history. You can also move to another deal if you don’t manage to clear the balance. Pay off purchase balance every month.

3 Track your income and expenditure

‘T’ for ‘track’ is included in my programme, Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr. Set up a tracking system and also try challenger digital banks like Monzo, which allows you to transfer a set amount of spending money to your card and informs you every time it is used, ore prepaid cards – like Monese and Transferwise – where you can only spend what you load.

You can also do this manually and set your account up by allocating your income into different ‘jars’ for different needs.

4 Start saving and investing

Whatever you are earning or how much you have in the bank, you can start saving a percentage of your income. Apps such as Moneybox let you start with a few pennies by rounding up loose change every time you spend.

You can legally shelter your savings from tax by maximising your £20,000 tax free ISA allowance and using other tax shelters. Pension schemes also enjoy a favourable tax treatment. You can either put money into a cash or investment ISA, which carries more risk. Interest rates have been low for a decade but are now rising, which is good news for saver but bad for borrowers.

Check out www.gov.uk/individual-savings-accounts for more information. Check for the best cash ISA rates at Moneyfacts. Shop around and be prepared to move your money to obtain the best rates.

5 Emergency or contingency funds

Everyone needs a rainy-day fund. You should aim to have three months’ income saved for emergencies, ideally six if you have a mortgage.

6 Loyalty doesn’t always pay - switch suppliers

If you check out any good comparison site, you are sure to discover cheaper deals on your household bills, as well as savings accounts and insurance. Ofgem calculates that the average household can save £300 a year by switching to a better energy and gas deal. This might not always be possible in the current climate.

Check your latest utility statements and check out comparison sites, such as uswitch or moneysupermarket.

7 Reduce your car insurance

Some of us are using our cars less as a result of working from home, so check your car insurance is still the right fit and inform your insurer. Don’t auto renew, and check for better deals via your existing supplier and comparison websites like CompareTheMarket and MoneySupermarket.

8 Review your mortgage

Over 100,000 people reach the end of a fixed term fixed rate mortgage every month, according to a BBC report. Staying with the same lender could mean paying a ‘loyalty’ penalty of higher interest of up to £1000 a year. Consult an independent mortgage broker about remortgaging to the best deal for you even if your current deal is expiring in 6-12 months’ time.

‘R’ for ‘review’ is part of my programme, Master Your Money the S.M.A.R.T Way training. Check it out - https://bit.ly/3isugCr.

9 Check your tax code to pay less to HMRC

Make sure you’re not paying too much tax. You could even get a nice rebate from HMRC.

Working from home could entitle you to tax relief and you could claim some money back for working from home expenses in the form of tax relief paid by HMRC.

10 Look for old bank accounts and pension policies

Billions is waiting to be claimed in forgotten bank accounts, insurance policies and pension schemes. Have a root through your old papers or contact the ABI (Association of British Insurers).

You can also query your council tax band, check for discounts if you live alone or care for someone.

11 Check for any entitlements to benefits.

There are numerous benefits you can access even if you are working and earning a family income of up to £40,000.

12 Reduce your grocery bill

Buy only what you need and avoid ‘two for one’ offers, which lead to food waste and can cost you more.

Buy own brand food from supermarkets which have often scored higher in blind tests.

Plan your meals for the week ahead and use discount supermarkets and pound stores, which can be significantly cheaper that M&S, Waitrose and Tesco’s.

Explore the world food; aisle in your supermarket which can have savings of up to 75% on cupboard staples including rice, lentils, beans, spices and sauces.

Shop in the late afternoons and evenings for yellow sticker discounts.

Don’t buy plastic bags and make your food, fruit and veg last longer.

13 Avoid wasting food

Use your common sense and avoid throwing away food which is still safe despite passing sell by dates.

14 Explore local charities for help – there is an abundance of food given away by supermarkets

If you are in need, use Foodbanks and the many other charities for help with food and other items including energy. They help everyone from the homeless to working people who just can’t make ends meet, and there is a lot of money and resources out there if you search. Nobody should go hungry in the west.

15 Check your workplace or private pension

Make sure you’re saving enough for retirement and you’re happy with how your pension is being invested according to your individual risk profile.

Checking whether your employer will match pound for pound any personal contributions you make free money.

16 Check your state pension and NI contributions level

You have until next April 2023 to top-up National Insurance contributions to boost your old age state pension if you have not made sufficient contributions during your working life due to career breaks or time spent overseas. Topping up contributions can be a good investment. Check with a financial adviser.

Women in retirement may have been underpaid and could be entitled to back payments.

Go to the .gov website or Google the links.

17 Use loyalty cards, price match and vouchers and deal finders

Points, discounts and free stuff all add up on loyalty cards like Tesco’s Clubcard or Nectar. 

Stores like John Lewis and Currys offer price matching policies, which are subject to change sot do your research and don’t be shy to ask.

Try hacks like VoucherCodes ‘DealFinder’ as a plug-in on Chrome to be alerted to the best deals while buying online.

There are hundreds of money saving apps and discount offers, such as Sweatcoin and BetterPoints, where you can get paid to walk and exchange your steps for store discounts and freebies.

18 Cut energy bills

Check out the Energy Saving Trust for some great energy and money saving hacks. For instance, charging gadgets overnight can cost you more than charging for a few hours during the day. And not filling your kettle up when boiling water for a cuppa and defrosting your freezer when iced up will also cut your bills.

Going paperless and paying by direct debit will save you money.

Insulating your home will keep you warm in the winter and cut energy bills. Check your local authority for tips grants on insulation and solar panels, even if you are a tenant.

19 Sell unwanted stuff on resale platforms

Did you know that the average British woman accumulates an estimated £22,000 of unworn clothes over a lifetime? You can turn unwanted clothes into cash using resale platforms such as DepopVinted and eBay.

You can also save money by buying through these sites for top-quality gifts and clothes instead of paying for new. Some items sold on these sites are brand new unused.

You can also clear your garage, loft and spare room of unwanted stuff by selling on sites like Facebook Marketplace and eBay.

20 Mindset – avoid emotional spending and blowing your salary on payday

In my programmes and YouTube Money Tips Podcast videos I talk about money mindset. A recent survey by Nationwide’s Payday Saveday revealed that 1 in 5 people blow over half their spare monthly wages within 48 hours of payday! Shops, restaurants and online stores gear up offers for payday surges in expenditure. Ask yourself if you really need something before you buy and give yourself time to think before parting with your cash.

21 Plan, organise and forecast

The key is in planning and organising your expenditure, work, goals, relationships and life! As in the first tip, prioritise essential expenditure and your savings pot, before spending. That way, you’ll know how much disposable income you really have to last the rest of the month. Use a spreadsheet, app or notebook to map out or forecast your finances and expenditure just like a business does. You should know exactly how much money you have in your account right now and how much is coming in and going out tomorrow.

Finally, searching for the best deals, tracking and reviewing your finances and being mindful of spending money on things to don’t really need will not only help you get through the current crises but help you form lifelong habits that will enable to build wealth.

For more ideas and tips, see out my new training to help you get control of your finances in 28 days!

Click to join: https://bit.ly/3isugCr

#freetraining #savemoney #moneysavingtips #mortgage #creditcarddebt #energybill #costofliving #goals #foodbank #getcontroloffinances #money

 


Monday, October 24, 2022

Rishi Sunak To Become Next UK Prime Minister The First PM Of Indian Origin

Rishi Sunak To Become Next UK Prime Minister The First PM Of Indian Origin

How to create a Four Figure Second Income on LinkedIn

To reserve your place click: - https://contexttraining.aweb.page/p/4a278f33-c9d0-44e4-a847-7bf02a63f713

 

Rishi Sunak has become the latest Conservative Party leader today - after his two leadership rivals Boris Johnson and Penny Mordaunt dropped out or failed to get sufficient MP endorsements - and will become the next Prime Minister.

The 200,000 rank and file party will not get a vote as the rules were changed to give parliamentary members (MP) the final say.

The former Chancellor (who ran economy under Boris Johnson) could keep Jeremy Hunt on in his previous government job.

The ‘markets’ and organisations such as the IMF and World Bank will favour fellow globalist Rishi Sunak’s fiscal policies. The buzzword seems to be “stability”!

As Chancellor, Sunak presided over a period in which UK national debt reached record levels of over £2 Trillion.

Government borrowing rates have dropped by 0.25%, which will ease pressure on fixed mortgage rates.

Tax cuts have been reversed and government spending cuts could bring in a new era of austerity and recession.

The country faces a tough winter ahead, with an estimated 8 million people falling behind with their bills, 10% inflation and fuel bills going through the roof.

Among other problems, there is still global financial instability, oil and commodity price inflation and the Ukraine war to deal with.

The BBC said that 100,000 mortgage borrowers will see their fixed rate deal end every month, leading to a possible 300% rise in their mortgage payments.

What can you do to protect yourself from the coming recession?

Followers of my podcast will know that I recommend my training to manage and grow your money through wiser investments.

But what can you do if you have done as much as you can to save and economise and are still struggling?

Generate more income and revenue.

My friend Paul has developed a simple yet effective system to make TENS OF THOUSANDS OF POUNDS every month using a free software tool – LinkedIn!

How to create a Four Figure Second Income on LinkedIn

Special Event by Charles Kelly BA CMgr FCMI

Tue, Oct 25, 2022, 1:00 AM - 2:30 AM (your local time)

 

To reserve your place click: - https://contexttraining.aweb.page/p/4a278f33-c9d0-44e4-a847-7bf02a63f713

 

How would several hundred dollars, pounds or euro’s extra each month make a difference to the way you lived your life? How about a few thousand extra each month?


I have been driving several hundred highly targeted visitors to high ticket coaching events each month and making four figure sums in the process. What is most impressive about this is everything you don’t have to do


I do this by using one of the most untapped traffic sources on the net… LinkedIn.


Come and join me on my live workshop at 8pm on Monday 7th of November where I will share…


🚀 How to do this fast and easy with no previous experience or understanding. You will be kicking yourself at how easy this is!
🚀 How to get tons of free traffic from LinkedIn whilst everyone else is burning holes in their wallets with Facebook ads.
🚀 How you don’t need a fancy website or landing page.
🚀Without having to work 4-8 hours per day to make it work
This session is perfect for you if…
🚀You don’t like selling but want to find a way to make weekly profits
🚀You don’t want to build a website, market and sell products
🚀You’re time poor and want to do something that does not require much time
🚀You’re not particularly tech savvy, and want a strategy that can easily be implemented
🚀You want to do all of this without it costing you any money at all on premium LinkedIn accounts or advertising spend.

Limited seating – so make sure you grab your seat now and show up 10 minutes early. I cannot promise replays to non-attendees.

To reserve your place click: - https://contexttraining.aweb.page/p/4a278f33-c9d0-44e4-a847-7bf02a63f713

 

#linkedin #freetraining #Rishisunak #economy #debt #inflation #money #mortgage #costoflivingcrisis #business #freetraining #linkedintraining #makemoney #invest #markets