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

New App launched that cancels subscriptions after free trial By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Have you ever signed up for a free trial online and then forgotten all about it? A year later you realise that you’ve been paying for a service you didn’t really want. Sometimes, it only comes to light when your credit card expires! Good news. A young British entrepreneur has launched service which automatically cancels subscriptions at the end of the free trial period, the BBC reports. The ingenious App was developed by Josh Browder, who in his teenage years invented an algorithm called ‘Do Not Pay’, which continues to successfully fight parking fines. His latest App, Free Trial Surfing, is not directly linked to a customer's bank account or credit card, but Mr Browder says it is in partnership with a major bank. He declined to say which bank was supporting the venture. "The idea for this product came when I realised I was being charged for a $21.99 (£18)

Can you really buy a property with just one click? By Charles Kelly Author and creator of Money Tips Podcast Joseph Kennedy, the father of John F Kennedy, once said that when shoeshine boys were telling him to get into the stock market, he knew it was time to get out. That’s exactly what he did just before the 1929 stock market crash, which was followed by a bear market which lasted for decades. Sometimes I feel the same about property when everyone seems to be jumping on the bandwagon. Now, there is even a company offering investors a way to buy a buy-to-let property with the click of a mouse. Can you really buy a property online just like ordering something on Amazon? Well, not quite. Dot, a Californian company with offices in Manchester, effectively gives you the facility to reserve a property online, leaving completion and the legal work to be done later on. Investors are told that they can buy one and two bedroomed properties costing up to £200,000 in a “few pain-free minutes”, with just a few clicks, an

Money Tips looks at whether you should be holding precious metals like Gold and Silver as part of your portfolio. Word of the Day Indicators An economic indicator is a statistic about an economic activity, which offers an analysis of economic performance and predictions of future performance. Top 5 Economic Indicators for Global Investors 1. Gross Domestic Product. GDP represents the market value of all final goods and services produced within a country over a period. 2. Employment Indicators 3. Consumer Price Index. CPI is an indicator of inflation. 4. Central Bank Minutes 5. PMI Manufacturing & Services Company indicators Sometimes called Key Performance Indicator, KPI’s gives a snapshot of key measures, such as sales, capital reserves or accounts payable turnover, which tell investors and managers at a glace where the business is heading. You could also run a KPI for your health. For instance, how many hours exercise did you do last week? How much alcohol or sugary foods did you consume? Do you smoke,

By Charles Kelly Author and Creator of Money Tips How to get bursaries and assisted places for top private schools The gift of education is one of the most valuable things you can give to your children. However, the cost of sending a child or grandchild to an independent or private (strangely, also known as a “public school”) school has soared... ECB Cut Rates To Stimulate Economy Interest rates look set to stay low. This week, the ECB announced that it is reducing interest rates. Trump is demanding that the US federal reserve follow. UK base rates stand at.... 3 Myths of Property Investment The 3 Myths of Property Investment   Many people tell me that they want to get into property, but don’t know where to start or which strategy to choose.   “Should I try residential or commercial”, they ask me, “single let buy-to-let or HMO’s?”.   How will I find the money... Markets Settle On Trump-China Trade War Talks – Money Tips News Markets Settle on China-US Trade talks. Don’t ignore pa

The gift of education is one of the most valuable things you can give to your children. However, the cost of sending a child or grandchild to an independent or private (strangely, also known as a “public school”) school has soared well above the rate of inflation, yet the number of UK pupils in private education has never been higher. Why is this? Part of the answer is that more than £1bn a year of financial assistance is available to parents, enabling one in three students to have their school fees reduced or even waived, according to the FT. School fees have become a major problem for the middle classes in recent years. The cost of a private education is nearly 50% higher than a decade ago, according to data from the Independent Schools Council (ISC). Average fees for day pupils are now nearly £4,800 per term, or just over £14,000 a year. Fees are higher in the Southeast and London, where boarding school fees now average more than £13,000 a term — close to £40,000 per year, according to the ISC. Scholarship

Earlier this week, I said that interest rates look set to stay low. This week, the ECB announced that it is reducing interest rates. Trump is demanding that the US federal reserve also cut interest rates and the UK base rates stand at just .75%. Other central banks are keeping rates low in order to stimulate the flagging economy. The ECB is also introducing other stimulus measures such as pumping money into the economy by buying €2.8 billion worth of bonds. As I said, this is good news for borrowers but not so good for savers. In the UK you can get mortgages at just over 1%, but in some countries you can get mortgage is it close to zero or even negative rate mortgages. It should be a good time to fix your mortgage rate as there is also a bit of a mortgage work going on with lenders falling over themselves to attract customers. The property market in the UK has been in the doldrums for the last few years, with some areas such as London fallen sharply. The average price rises in the rest of the country are bare

Many people tell me that they want to get into property, but don’t know where to start or which strategy to choose. “Should I try residential or commercial”, they ask me, “single let buy-to-let or HMO’s?”. How will I find the money for deposits, which area should I invest in, should I use a limited company? These are all questions I get asked by people wanting to become a professional property investor. Firstly, let’s get rid of a few myths that may be holding you back from taking the first step. Myth No.1 You need your own money to get into property. Not true. There are a number of strategies you can use to get into property investment with either no money or by using other people’s money. Myth No.2 It takes years of experience and special skills to become a professional property investor. Nonsense. I’ve seen people become investors within a few weeks of taking a course and go on to build a portfolio much larger than “experienced” investors. Myth No.3 You need special connections and have to be “in the know”

Money Tips News Markets Settle on China-US Trade talks. Don’t ignore parking tickets and bills – more bailiffs being used by local authorities to collect unpaid fines. 2870 retail outlets closed down in first six months of 2019. LSE receives £32 billion HK bid. BA pilot strikes damaging the airline’s multi-billion pound brand. Word of the Day Revenues and profit. Revenue, or turnover, is the total amount of income generated by the sale of goods or services by a company or business. Profit, or the “bottom line”, is the amount of income that remains after accounting for all expenses, debts, additional income streams and operating costs. Turnover is vanity profit is sanity. See also: Angel Investor Funding – London Has an Abundance of Money for Scalable New Businesses How to Obtain Angel-Investor Funding- With Joseph Zipfel, C.I.O. of Start-up Funding Club https://podcasts.apple.com/gb/podcast/how-to-obtain-angel-investor-funding-joseph-zipfel/id1442532994?i=1000444991715 Earn 25% Tax Free Bonus with Government

There is an abundance of money available for business start-ups and ventures in London. Word of the Day Scalable Businesses which are scalable are businesses which can be scaled up or grown to a large concern where investors can expect to make a return on their investment, as opposed to a one-man-band or lifestyle business. See also: How to Obtain Angel-Investor Funding- With Joseph Zipfel, C.I.O. of Start-up Funding Club https://podcasts.apple.com/gb/podcast/how-to-obtain-angel-investor-funding-joseph-zipfel/id1442532994?i=1000444991715 There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

Low interest rates look set to continue for the foreseeable future. Whilst this is great for borrowers, but disastrous for investors and people retiring on annuities. Earning just over 1% on an ISA account is not even keeping up with inflation, let alone giving you a good investment return. Even gross yields on buy-to-let properties in major cities have fallen below 4% and in London or sometimes around 2%. That’s ‘gross’ yield by the way, before costs such as letting charges. What should you the investor do to improve the yield or income you receive on your money, particularly if you are relying on this to provide retirement income? You can shop around for the highest rate available on savings accounts, but this is not going to improve your overall return by that much. You could consider high yielding shares as an alternative to deposit-based investments. Yes, there is the risk that the value of your capital can go down as well as up, but many of these are blue-chip companies listed on the London Stock Exchan

Weekly News Round Up  The week has been dominated by the shenanigans going on in parliament, with Boris Johnson losing control of the agenda and opposition party remainers winning three crucial votes. Other news Markets and pound bounce back as a ‘no deal brexit’ looks less likely Germany going into Recession Earn 25% Tax Free Bonus with Government Help to Buy ISA but only if you start before 30 Nov Government Help to Save Scheme for low paid 96% undersubscribed 10 TIPS TO GET OUT OF CONSUMER DEBT USING THE M.A.N.A.G.E. D.E.B.T. SYSTEM Women Need to Invest More Money to Secure Future Prosperity Government Lose Key Brexit Vote – Johnson will table a motion for an October General Election as 21 MP’s Defy Whip Cyprus, the Easiest Route to EU Citizenship

A Help to Buy ISA is a government scheme helping you save for a mortgage deposit to buy your first home. You must be a first-time buyer to qualify and not own a property anywhere in the world. Savings are tax free just like with any ISA product, however, a Help to Buy ISA gives you the added bonus of getting government contributions. How does the Help to Buy ISA work? The government tops up your contributions by 25%, up to a maximum contribution limit of £12,000. In other words, for every £200 you save, the government will contribute £50. This means you can earn a maximum of £3,000 from the government. The minimum amount you need to save in order to qualify for a government bonus is £1,600 (which gives you a £400 bonus). You can start off your ISA with an initial deposit of up to £1,000 which also qualifies for the 25% boost from the government. Remember, Help to Buy ISAs are available to each first-time buyer, not each home. So, if you’re buying a property with your partner, you’ll be able to get up to £6,00

A few days ago, I talked about how women are saving a lower proportion of their income than men. Today I discover that savers are failing to take advantage of a new UK Government scheme, as figures reveal that more than 96% of those eligible are missing out on a 50% top-up bonus worth up to £1,200. The Help to Save account, launched last September, was designed to encourage people on low incomes to save for their future. However, statistics released by HM Revenue & Customs show that only 132,000 of the 3.5 million people eligible have opened an account. The scheme allows people on welfare benefits, such as working tax credit and universal credit (combined with certain level of household income) to save up to £50 a month, or £600 per annum, for four years, which will be topped up by the Government by 50p for every £1 saved. The Help to Save accounts can be held for four years, with a maximum of £2,400 saved with a further £1,200 paid in by the Government. Anna Bowes, of Savings Champion, the comparison sit

British and American household debt had reached record levels, despite high employment, low taxes and historically low interest rates. In the UK, the TUC has called for higher pay rises to solve the problem, but we know that is not always the answer. If you cannot manage small amounts of money, chances are you will not manage larger sums. Unless you change your habits, that par rise or bonus will be blown on more stuff or another holiday before you even receive it. I cover more on managing money in my book on money, but in the meantime, here is:  THE M.A.N.A.G.E. D.E.B.T. SYSTEM – 10 TIPS TO GET OUT OF CONSUMER DEBT FOR GOOD: M.A.N.A.G.E. D.E.B.T. MAKE A LIST AXE NON-ESSENTIAL OUTGOINGS NEVER PAY THE MINIMUM PAYMENT ON A CREDIT CARD APPLY FOR A BALANCE TRANSFER CARD GENERATE EXTRA CASH ENTITLEMENT TO BENEFITS OR WELFARE SUPPORT DON’T IGNORE BILLS OR DEMANDS ENTER INTO AN ARRANGEMENT BE PROACTIVE AND ASK FOR HELP TAKE YOURSELLF OFF CONSUMER DEBT FOR GOOD Bonus Tips 1. Never use expensive payday lenders, u

The average British woman invest half the amount they spend on treats, such as clothes, beauty products, gym classes and eating out, says entrepreneur and former Apprentice contestant Jackie Fast. Writing for City Matters, Jackie said they spend £211 per month on day-today treats, but only £98 on saving and investing. Jackie did further research and found that women invest 40% less than men. Whilst there are reasons why woman cannot always invest as much as their male counterparts, such as career breaks and the gender pay gap, women need to up their game when it comes to money management. As a former financial advisor, I frequently saw women leave the all household finances, such as mortgages, pensions and savings, to their male partner or husband. This often led to disastrous consequences during times of divorce or widowhood. Women to take control of their own finances, separate from the family budget. Finance is still not widely taught in schools, so it does require some effort. See an independent financial

Parliament Torn Apart by Brexit - Johnson will table a motion for an October General Election. The government lost a key vote tonight which could delay Brexit 31 October and will have consequences on the UK for years to come. A general election is on the cards as Boris Johnson warns MP’s that if the government loses the vote tomorrow on the Bill to delay Brexit and outlaw a ‘no deal’ exit of the European Union. Other news: · M&S to drop out of FTSE100 Index. · Restaurant Group shares drop as it announces closures. · Manufacturing output down. · Pound falls again. · Gold price rises on uncertainty – up 35% in last 12 months. Word of the Day Cash ISA In the UK, investors can invest in a cash ISA and pay no tax interest, which is taxed in non-ISA deposit accounts. The annual tax-free ISA allowance is £20,000, with ome accounts also allowing you to transfer in money invested in the previous tax year so you can maximise returns on all your tax-free savings. There are more examples and practical steps to gettin

The pound has continued to fall on currency markets amid intensified political uncertainty over Brexit, the BBC reports today, although a couple of cents against the dollar is hardly a catastrophe. Rumours of a possible snap general election dragged sterling further down, as MPs pushed for a further three-month Brexit extension. Against the dollar, the British pound fell more than a cent to $1.2050, while against the euro, it fell below the €1.10 mark. Prime Minister Boris Johnson, who last week said he will suspend parliament, has repeatedly insisted that the UK is ready to leave the EU without a deal, despite his own MP’s threatening to revolt against the government. Over the weekend, government whips were summoned to the Prime Minister’s Chequers residence where they were given orders to warn Tory MPs that they face deselection at the next election (which could be in a matter of weeks) if they rebel against the party line. Brexit, currently scheduled to happen on 31 October, is causing uncertainty business

Weekly News Round Up 010919 In this episode: Is China orchestrating Hong Kong riots in order to justify an invasion? Is China’s economy built on a house of cards? Why the HK rich are looking at Golden Visas, such as Cyprus, to protect their money. Also: Markets settle after a turbulent week. Recession Coming World Markets Tumble? Trump’s China tariffs kick-in as trade war threatens world’s economies with recession. 6 Trump Tweets wipes $500 billion off shares in one day Why is 12-hour-day-work proponent Jack Ma retiring and stepping down as CEO of Alibaba? Brexit saga heats up as Boris Johnson prorogues parliament causing British Pound to tumble. Fire Movement’s extreme saving, promising early retirement and way out of the rat race. How to use Power of Compound Interest to build wealth. 35 Year Mortgages Help First Time Buyers Word of the Day Markets In financial terms, a “market” is a market in which people invest and trade in financial securities and derivatives. Examples of securities shares, stocks and bo

When I was growing up, my mother was stingy by necessity and bought the cheapest food and clothes she could find. I was embarrassed by this, as in those days it was not cool to be frugal. Fast forward to the present and it has become fashionable and even cool to be stingy, frugal and penny pinching. Shops like Primark, money saving comparison sites and online stores like Amazon have all boomed in the last few years. In my book, Yes, money can buy happiness, and my Money Tips podcasts, I obviously promote saving and investment and earning more than you spend. However, a movement in America called F.I.R.E. takes stinginess to a whole new level. The seeds of the FIRE movement can be traced back to the 1992 best-selling book Your Money or Your Life written by Vicki Robin and Joe Dominguez, and the 2010 book Early Retirement Extreme by Jacob Lund Fisker. Followers of the F.I.R.E. or “financial independence” and “retire early”, movement, originating in the US, practice extreme forms of money saving to achieve their

End of a Turbulent Week It’s Friday and it has been a tumultuous week. Shares recovered from last week’s fall on hopes that the Trump-China trade dispute will be settled soon. Economies of China and India are slowing and property sectors look to be over geared. Could this cause another banking crisis? Boris Johnson prorogued Parliament causing a storm of protests with people taking to the streets and court cases started to block him. Two surveys come out this week which show that consumer confidence and business confidence are both falling. Consumer spending and borrowing are also down. The nationwide building society reports that property is barely growing at the moment. Economic signs are not looking good so it’s not the time to be taken on a huge risky commitment went in the shop in the High Street. On the other hand, office property in the city has been snapped up despite the doom and gloom around Brexit. If markets fall and we going to recession it will be a buyers market for businesses, property and sha