Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

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 alternat

As a second property giant fails to pay debt interest investors fear a property collapse in China’s real estate bubble. On Monday, a Chinese developer of luxury apartments Fantasia missed a $315 million payments to lenders, sparking fears that financial strains in the country's overheated property sector are spreading beyond the troubled Evergrande’s troubles. Other Business News Johnson Promises Wage Boost. In a speech to the Conservative Party Conference in Manchester, Prime Minister Boris Johnson wants to end the UK’s “low wage economy” fuelled by “uncontrolled immigration”. Gas Prices Fall After Putin Boosts Production. UK wholesale gas prices dropped after hitting a record high after Russia announced a boost in supplies to Europe. Russia President Vladimir Putin calmed the market after gas prices had risen by 37% in 24 hours to trade at 400p per therm on Wednesday. The price fall will be welcome news to millions of British consumers facing record energy prices this winter. Consumer Price Rise Highest In

Job Furlough Scheme Ends For A Million Workers In UK What is their fate? Highlights: · 1 million job vacancies in UK · Reed Employment website is advertising 300,000 job vacancies · 100,000 lorry drivers needed in UK · 500,000 agricultural and food worker jobs vacant Do you want to be dependant on someone else to pay you money to live? New ‘world order’ is here – wake up! Millions of jobs done by humans will be replaced by machines in the next few years. The world of business has changed forever and unless you adapt your business will decline. What can you do to take advantage of the changes rather than hoping things will go back to ‘normal’ again? They won’t. The biggest revolution is the explosion in online trading and social media marketing. Businesses which have adapted have boomed while others are no longer in business. Can you make money on social media? I notice that kids are very good at creating videos and posts on social media. Unlike me, they have grown up with IT and social media, but that doesn’t

10,000 Visas For Drivers And Poultry Workers Will Not Solve Food And Fuel Shortages The government’s widely anticipated emergency programme to issue temporary visas to up to 5,000 lorry drivers is not enough to fix Britain’s food and fuel supply-chain crisis and is unlikely to attract workers to the UK, haulage chiefs have warned. Ministers on Sunday announced rushed plans to add 5,000 HGV drivers and 5,500 poultry workers to a visa scheme until Christmas. Marco Digioia, the head of the European Road Haulers Association representing more than 200,000 trucking companies across the continent, told the Observer that “much more would be needed” than a temporary relaxation of immigration rules. “There is a driver shortage across Europe,” he said. “I am not sure how many would want to go to the UK.” With staff shortages in other EU countries, such as Germany, attracting people to come and work in the UK for three months will prove a challenge. The temporary work permit scheme will not resolve the estimated UK short

Ministers will confirm on Sunday that 5000 temporary UK working visas will be issued to foreign lorry drivers to help fill job vacancies which are causing fuel and food shortages. It is understood that the scheme will run for three months and be capped at 5000 visas. Some will see this as a U-turn for the government’s Brexit principle of controlling our borders and cutting immigration to boost jobs and pay for British workers. Watch Video - https://youtu.be/3bPaG_Y7WN8 New ‘world order’ is here – wake up! The world of business has changed forever and unless you adapt your business will decline. What can you do to take advantage of the changes rather than hoping things will go back to ‘normal’ again? They won’t. The first step to building wealth and turning your finances around 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 almos

Rising prices in the G20 group of major economies will grow faster than pre-pandemic for at least two years, the OECD forecasts. Consumers have suffered price hikes as higher commodity prices and shipping costs increase inflation for the first time in years, Paris-based policy forum reports. Inflation have reached 3.2% in the UK, highest rate of the advanced economies, and is expected to continue at this level until the end of the year, the OECD said. Inflation is expected to fall in the US, France, and Germany. Inflation has returned all over the world due to the cost of raw materials, constraints on the supply of goods, stronger consumer demand as economies reopen, and prices recovering from drops during the pandemic in some sectors, it said. Consumer demand, supply disruptions and depleted stores of goods have forced up prices and shipping costs. Further supply shortages could lead to a longer period of higher inflation, the OECD said. The OECD expects the rate of inflation in the G20 to moderate from 4.5%

The huge Chinese property company, Evergrande, is repaying investors in its wealth management business with property instead of cash this week. The world's most indebted real estate developer faces a crunch this week while investors fear a default. Major banks have reportedly already been informed they will not receive interest payments on loans that are due this week and further interest payments of $84m (£61m) on the firm's bonds are due on Thursday. The company's shares dropped by more than 10% in Hong Kong trade on Monday, but are down 90% on its 52 week high. The multi-billion dollar property business deepening debt problems have triggered fears over the impact its potential collapse could have on China's, as well as the western world’s, economies. Evergrande grew to be one of China's biggest companies by borrowing a massive $300bn (£217bn). How will it affect the world if Evergrande collapses? Thousands of Chinese investors riding the wave of a booming market have bought property from Evergrande ‘off-pl

A YouGov survey has revealed that 70% of staff will not go back to working in an office full-time, so where does this leave the commercial property sector? Full artice and video - https://youtu.be/msK7kcjbhbY Trending · Tensions rise as China denounces AUKUS Pact between US, UK and Australia · Highest price rises since CPI records began as inflation hits 3.2% - https://youtu.be/wv7-WPv-mHs · Emma Raducanu becomes instant millionaire at 18 and could earn £150m! - https://youtu.be/koAbiFVlgqg · Time to get out of stocks and shares? Market Warning - https://youtu.be/_vOblIQYxqo · Housebuilder drops unfair leases and rip-off ground rent charges · Chinese property empire on brink of collapse The new world order is here What can you do to take advantage of the changes rather than hoping things will go back to ‘normal’ again? They won’t. The biggest revolution is the explosion in online trading and social media marketing. Can you make money on social media? I notice that kids are very good at creating videos and pos

Consumer price rises in the UK saw the highest leap since records began in 1997 as the economy opened up following several lockdowns. According to official government figures, the increase in the cost of living, as measured by the Consumer Prices Index, reached 3.2% (50% above BOE target) in the year to August, the highest since 2017. Rising prices for food, petrol and used cars were up from 2% the previous month. The main weapon employed by central banks to curb inflation is to increase interest rates. However, this will also increase their own government’s interest payments on the trillions of Pounds, Dollars and Euros they have created to prevent a covid recession and stock market crash. One thing that’s certain to go up is tax! Tax hikes, like the tax on landlords, to pay for the billions in financial stimulus to rescue the economy during the last year. How are you adapting to the ‘new world order’? The world of business has changed and unless you adapt your business will decline. What can you do to take

The Financial Conduct Authority (FCA) is concerned that easy credit offered by buy now pay later companies (BNPL) like Klarna and Paypal will add to the debt crisis. Millions of people in the UK are using BNPL credit at rates as high as 30% pa (or 300 times the base rate) to buy consumer crap that goes down in value while the size of their debt goes up. £14 billion of goods bought using BNPL freon January to March. If you can’t afford that gadget or item of clothing, don’t buy it! Instead of BNPL, use SUBL or SAVE UP AND BUY LATER! The first step to building wealth and turning your finances around 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 billi

Emma Raducanu Becomes An Instant Millionaire But Is Sport The Best Way To Make A Million? British tennis sensation Emma Raducanu became a millionaire at 18 when she was presented with a cheque for $2.5 million after winning the US Open in straight sets on Saturday. As I watched her collecting the cheque form the sponsors commentators were already predicting that she will become the richest woman in British sport and the most famous Brit alongside the Queen! No pressure then! She certainly has the whole package of charisma, talent and brains to appeal to sponsors and advertisers which will propel her to the ranks of other sporting superstars such as David Beckham and Ronlado. Emma was born in Toronto, Canada to a Romanian father and Chinese mother who then migrated to the UK for better opportunities. She is the first qualifier, which means she has to play pre-match games in order to qualify to enter the tournament, to reach and win a Grand Slam final where she played another teenager Leylah Fernandez of migran

Tax Landlords and Wealth to pay for social care is the expected policy of the leader of the opposition Labour Party Sir Kier Starmer, the BBC reports. Sir Kier Starmer could be running the country as the next UK Prime Minister if he wins the next general election in two and a half years’ time. Is taxing savers and investors the answer? No! Higher taxation will deter investment and hit savers and the very people who ‘row their own boat’ and provide for their retirement and care. Will increased taxes on investors and businesses solve the economic crisis? No! Higher taxes will only make it worse by reducing investment and slowing the very economic growth needed for recovery. Higher taxes usually results in lower tax revenues. What can you do to protect yourself? Wake up! Financial education is and has always been the real answer to your money problems. Watch video version - https://youtu.be/877_4J9DnXQ We know exactly what the habits and traits of wealthy people are, as success leaves tracks. All you have to do

Congratulations to British teenager Emma Raducanu, reached the US Open final as her meteoric rise to fame continued with a stunning semi-final victory over Greek 17th seed Maria Sakkari in New York. Londoner Raducanu, who was born in Toronto, Canada to a Romanian father and Chinese mother, extended her dream run with a 6-1 6-4 victory in which her dominance on court defied belief. She is the first qualifier, which means she has to play pre-match games in order to qualify to enter the tournament, to reach a Grand Slam final and will play another teenager Leylah Fernandez of migrant heritage on Saturday. Leylah’s father is Ecuadorian and her mother is Filipino Canadian. In an interview with Jeremy Vine today on BBC Radio 2, the former British Tennis player Andrew Castle commented that there was something about both of the finalist’s ordinary migrant heritage that seemed to give them that extra drive and ambition to succeed against all the odds. Raducanu is the first British woman in a major singles final in 44

El Salvador will be the first country to adopt Bitcoin as legal tender alongside the US Dollar. Citizens will be given $30 Bitcoin tokens in a new account. Twitter acceptance could boot Bitcoin’s price further. Watch video: https://youtu.be/HZfJDLLJvMc Bitcoin price recovers to $51,000 from $30,000. Businessman loses £500,000 in Bitcoin scam. Students turn to Cryptocurrency trading. Boris Johnson grappling with UK’s growing social care timebomb. See also: Hackers steal $100 million of Crypto - https://www.youtube.com/watch?v=mDoZ3Ml8L3g&t=37s Average houses prices falling after the rush to beat the Stamp Duty Holiday - https://youtu.be/O4SSsJ0sRt4. 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: Yes Money Can Buy You Happiness. You can find it on Amazon: https://www.a

Chloe was born in London to overseas Filipino worker (OFW) parents who migrated to the UK for a better life and job opportunities. Watch videoversion - https://youtu.be/XfQEAM0y-JE Although they worked hard day and night, money was tight for the family you came to the UK with nothing. Despite her humble beginning, Chloe showed an early aptitude for learning. She was particularly talented with mathematics and was racing ahead of her school friends after her parents found the money to send her to private Kumon lessons. At 8-years old Chloe could solve complex quadratic equations normally taught to A-Level students. She was even able to demonstrate this skill on her YouTube channel: - https://www.youtube.com/channel/UCdWHYVaijhR29bOqyvEwCwA The child genius scored 143 on a recent Mensa test, but brains alone are not enough without hard work. Chloe is extremely disciplined with her time and plans every aspect of her day. She also sets short and long-term goals. I notice that kids are very good at creating videos

UK Job vacancies hit a record high as the labour market bounced back, according to official figures. The number of job vacancies in the UK hit 953,000 in the three months to July, the Office for National Statistics (ONS) reports. Watch video version. The unemployment rate fell to 4.7% in the three months to June, while the annual growth in average pay was 7.4%. Firms like Amazon and Tesco are offering up to £1000 signing-on bonuses with the former giving staff a £50 per week bonus for 100% attendance. Amazon recently advertised that new starters who start working before 18 September would receive a £1,000 ‘golden hello’ fee. A shortage of HGV drivers is threatening to cause empty supermarket shelves by Christmas. Nurses and care staff are again in short supply. The NHS has 168,000 job vacancies in the UK. This contrasts sharply with last year’s deep recession when unemployment rising job vacancies under 400,000 and millions of people were on the government funding furlough scheme. The economy is rebounding ha

What Does Your Financial Diet Do For Your Bank Balance? I’ve lost 7kgs using a revolutionary 2 step diet. 1. Eat less 2. Exercise more Can you apply this to your finances? Yes! 1. Spend less 2. Save more Would you like to read more books, but don’t have the time? China has introduced a rule to limit children from playing games online to 1 hour a day three times a week. How much time do you spend on your phone or computer? "Stop Wasting Time On Social Media And Start Making Money Instead" You can learn how to make money on social media from my mentor Paul O’Mahony, founder of the ReThink Academy, who has made millions online starting from nothing. In this FREE webclass you're going to see: · How to​ use the time you're already spending on the internet to build a digital business in your spare time. · How to​ get a product to sell if you don't have one already and... how to get it for nothing. · The exact strategy​ "he used to make my first million and quit my job permanently without a big budget, or any experi

Millions of people have little or no savings and are worried about financial security. In the UK, savers face an estimated savings shortfall of £371 billion to feel financially secure. Most people are no more than a couple of salary cheques away from bankruptcy and are forced to borrow at high interest rates to cover a minor repair, holidays and Christmas. Everyone wants to be financially free or just have a little more money coming in each month. The problem is they don’t know how. If you are on a fixed salary your options can seem limited. You may have limited opportunities for promotion and starting a business can be expensive and risky. But what if there was a way to earn extra money on the side, without leaving the security of your job or existing business. Did you know that you can make money on social media instead of wasting time on it? With millions more people turning to the internet to buy goods and services and hold meetings, there has never been a better time to make money online. Internet transa

With the threat of a Christmas shortage of turkeys, the UK government is under pressure to create a short-term working visa scheme for foreign lorry drivers, the BBC reports. The Covid pandemic and Brexit has left transport firms desperate to recruit drivers and government departments have been in discussion options with the industry, including introducing special visas. Ministers have rejected calls to introduce visas for drivers while urging firms to use local labour. The industry wants drivers to be added to the official UK Shortage Occupations list, enabling them to qualify for a skilled worker visa. Is UK immigration the magic bullet for industry? But the government wants the industry to employ British drivers, which the industry said is impossible in the short term due to the training costs and time it takes to pass the rigorous HGV (heavy goods vehicle) driving test in the UK. Training HGV drivers typically takes six to nine months and costs up to £7,000. Many British drivers claim that the low pay and

Michelle Seiler Tucker is the Founder and CEO of Seiler Tucker Incorporated. She holds the M&AMI (Mergers & Acquisitions Master Intermediary) title, as well as Certified Mergers and Acquisitions Professional (CM&AP) and Certified Senior Business Analyst (CSBA). Michelle also owns many other businesses in several different industries. As a 20-year veteran in the M&A industry, she is regarded as the leading authority on buying, selling, fixing, and growing businesses. Her and her firm have sold over a thousand businesses in almost every vertical and have a remarkable track record of success. See video - https://youtu.be/IVszfDsm0Lw In addition to being featured in INC, Forbes, Entrepreneur Magazine, and USA Magazine, Michelle is an international keynote speaker and makes regular radio and TV appearances on Fox Business News and CNBC. She has spoken alongside many prominent speakers: Eric Trump, Arnold Schwarzenegger, Kathy Ireland, Donna Karen, Stedman Graham, Randi Zuckerberg, Steve Wozniak, an