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

How to avoid unnecessary mobile internet data usage and a nasty surprise on your next iphone bill due to a little know feature called Wifi Assist Do you ever find yourself running out or running low on your mobile internet data halfway through your monthly billing period? Perhaps you’re wondering why you keep using up your allowance when you are nearly always within a wifi coverage area? The Metro reports that people using the new iPhone or iOS9 could be in for a shock when they receive their next bill. This is due to a little known new feature called ‘WiFi Assist’ that could be eating into your data allowance while you are totally unaware that your money is being spent....

The rich don't need you to be poor for them to be rich. There is not a finite amount of money to go round because wealth and economies expand. Henry Ford understood this 100 years ago when he mass-produced (using assembly lines and division of labour methods) the famous low-priced model T Ford – the car for ordinary people - and paid his factory workers very high wages, thus creating a middle class of people that could afford to buy his cars. Ford, who left school at 14, famously said that his customers could have the car in any colour they wanted, as long as it’s black! Entrepreneurs like Ford helped make the U.S. the world’s largest economy, and it still is today, closely followed by China! I was in a London shopping mall today and visited the Apple store. It was packed with families and young kids on mini iPads having fun and joining tutorials. Which computers and phones do you think these kids are going to buy when they get older? Apple are so confident of their brand they don’t

Avoid litigation. The well-known phrase "I'll see you in court" often ends in the bankruptcy court or losing your house to pay legal costs, which can run into millions. Not only is litigation costly in terms of legal fees, but it can also take up an awful lot of time and energy, and literally drain you emotionally. I once got involved in a dispute over a £500 unfair charge by a freeholder on a leasehold flat I owned. To cut a long story short, they kept escalating to so-called ‘costs’, like a game of poker, and we ended up going to court, but by this time they were claiming £14,000! The case took two years of my life fighting this small dispute. In the end, with the help of a great city barrister, who charged me £2000 upfront, I won the case and got my legal costs back. However, in reality I had lost hundreds of hours of my time, energy and sleepless nights. At all costs, avoid going to court and use arbitration services or just common sense to settle disputes. Courts and Judges are no

I still think property is one of the best investments an ordinary investor put his or her money into. Let me tell you why. Firstly, you can enjoy an income from your residential buy-to-let or commercial property. Secondly, you can also benefit from capital growth in the value of the property over the longer term, as it has done in the past, although this is by no means guaranteed. Lastly, there is another reason why property has proved such a popular investment and why I think it has the edge over the vast majority of investment schemes that a financial advisor or bank will try and sell you. Leverage, or the ability to borrow money not only to help purchase the asset, but also secured against the asset you are buying. If you would like to learn more about property investment and attend a seminar, I have a limited supply of complimentary tickets for an event with a leading training provider - email me charles@charleskelly.net.

What’s All The Fuss About Property Prices Anyway? Find Out Why You Should Care. The recent price drop might be good news for buyers but bad news for sellers. For people who already own property the news of small fluctuations in values might not be good or bad, as they will still be sitting on an asset whether the value is increasing or decreasing. If you own a buy to let property let to a tenant, the rent is not going to change month on month even if the value increases or decreases. But if prices continued to fall and or there was a crash, the banks might start getting nervous and could ‘call in’ (ask for their money back) loans for borrowers who are highly geared – mortgaged up to a high loan-to-value (LTV), e.g. you owe £90,000 on a property valued at £100,000 or 90% LTV. This will affect the whole economy and jobs even of you don’t own a property or work in the sector.

The Nationwide index revealed a 0.3pc month-on-month fall taking the average UK house price to £210,402, down from £211,756 in January. This marks the first time since August 2017 that house prices have fallen month on month. The price-to-earnings ratio is now around 10 times average salaries, making London one of the most expensive and difficult places for people to get on the property ladder. The rental market remains strong, but thousands of landlords have been deterred by recent tax changes which will dramatically reduce their net earnings from but-to-let properties. Tough new rules on HMO lettings coming in this autumn will be another blow to landlords. What does this all mean for buyers and investors and where are property prices going? The answer is nobody really knows for sure. The more experts you listen to, the confused you’ll become! There is still a shortage of homes in the UK and the Prime Minster Theresa May announced measures to force builders to build more homes faster

Your Network is your Net Worth. I attended a breakfast networking meeting today and it reminded me of that old saying. Your network really does reflect your net worth and success in business, or some would say it’s not what you know but who you know, which is still some truth even in today’s digital age. In this structured BNI networking meeting, the membership of 23 consisted of various local trades and professions. Started in America in 1985 by Ivan Misner, BNI now operates in 70 countries worldwide with over 8000 chapters and 227,000 members. The cost of this group is around £1,000 per year plus a £150 joining fee. Bonus Tip. Follow-up. One of the biggest mistakes I’ve observed in networking is the failure to follow up. People go to all the trouble of going to a meeting, cornering you in the room to tell you about their business and after you say, “sure, give me a call or email me to set up a meeting”, you hear nothing! Bonus Tip No 2. When you get home after a meeting put them on y

Did you know that you are sitting on a potential goldmine, situated right between your ears? It’s called your ‘intellectual property’ (IP) and it’s where the real money’s made long after the product has been created. The renowned author and speaker, Tom Hopkins, said “You are your greatest asset. Put your time, effort and money into training, grooming, and encouraging your greatest asset”. What are you good at doing? What are you passionate about and enjoy doing in your spare time? What service would you or do you offer to people for free, just because it’s fun? What would you do with the rest your life if you won the lottery tomorrow? You may take it for granted that you are very good with children, cars, dogs or you have a special skill like writing, speaking, knitting, photography, relationships and dating, IT or social media. We’ve had the Stone Age, the Bronze Age, the Industrial Age. Now, the new Information Age and digital economy is upon us. People want information and solutio

Sir Roger Bannister, one of the all-time greats of athletics and sports died today at his home in Oxford. Sir Roger was a great British hero and the first break the four-minute mile barrier that many said was impossible. They said the human body could not survive such a feat. Yet in the year that followed several other athletes also ran a sub 4 minute mile, and the Australian runner, John Landy, beat Bannister's record by 2 seconds the following month with a time of 3:57.9. This goes to show that when we have the belief that something is possible we go after it with a different attitude and more often than not achieve it. There are two things to remember about Bannister’s achievement. Firstly, it was no accident or stroke of luck. He set a goal to break the record, planned and worked his training regime and record breaking race down to the smallest detail. Secondly, it was his ironclad belief that help push him through that tape at under 4 minutes. In my forthcoming book, Yes, Money C

Stop wasting food. On average, people in the west throw away around a third of the food they buy. Considering that food is one of our major areas of expenditure, apart from anything else, that’s a lot of money we are throwing away. Let’s say a family spends £100 per week on food and throws away a third of it. Over a year, that’s £1,716 going straight into the dustbin. There is also a moral aspect to this. We all know that there are millions of people who go hungry every day, even on our own doorstep, while many of us overindulge and then throw millions of tons of food in the bin – much of which ends up in landfill. Here are my 5 C’s to Stop Food Waste: 1. Cook it – cooked food will last longer and will not go off so quickly. You can store or freeze cooked dishes it to last even longer. 2. Chill or refrigerate most food and fruit to avoid going bad in a hot kitchen. In the days before fridges were common, kitchens had larders which faced an outside wall and stayed cool. Houses were also

The UK government recently announced tough new minimum space requirements for private lettings in a bid to reduce overcrowding and other problems in the HMO rental sector. The widely expected new rules for HMOs (Houses in Multiple Occupation) will bring the national mandatory licensing, currently only applying if properties are three or more storeys, to all flats and one and two-storey properties. The new rules will allow local councils to force more landlords to register their HMO properties, which should raise standards. My own local authority has around ten times as many unlicensed houses in some form of multiple occupation as those licensed as HMO’s. The majority of buy-to-let landlords in the UK are law abiding and should have no problems complying with new regulations. However, based on the previous experience of other local authorities, which have brought in blanket licensing for all rental properties, many landlords will be probably fall short of the minimum safety requirements

As the UK is hit with the big freeze from the ‘Beast from the East’ and ‘Storm Emma’ snow falls, insurance companies will soon be paying out millions of pounds in claims for accidents, burst pipes and flooding. Whilst we are thinking about insurance, this might be a good opportunity to check your insured items on your home buildings and contents policy, as well as other forms of insurance. Make sure you have the right insurance cover for your home, and review it every year for price and sum insured. People often assume that all policies are pretty much the same and only find out the real truth when they put in a claim and get that sick feeling in their stomach when they realise they are not covered for what they thought they were. For instance, are you covered for losses caused by accidental damage or shattered glass, does it cover your garage or outbuildings, garden equipment, how high is your excess (the amount you pay for each claim) and how much interest are you being charged to sp

Rich Dad Poor Dad author, Robert Kiyosaki said “the poor work hard for their money, the rich make their money work hard for them”. I would add that the rich also make their time work for them too. They leverage their time and multiply their personal time and effort. Most people exchange their time (and life) for money, and because there are only so many hours in the day it’s very hard to build wealth or retire. Millions of small traders and one-man-bands are getting in on the act and running online businesses from home using the platforms and fulfilment services provided by internet giants like Amazon and Shopify. You don’t even need your own products or website. You can find out more and get a free copy of Russell’s book Expert Secrets by clicking here or cut and paste this link into your browser - http://bit.ly/2EOzK8f.

Welcome to Money Tips Daily this is Money Kelly bringing you money tips to help you save and make more money! Time Management is Life Management, You Cannot Control Time! Time management is a misunderstood phrase, as we cannot control or manage time, we can only manage ourselves. Time is money, as the old saying goes. But Jim Rohn said, “Time is more precious than money, as you can always earn more money, but can never get back lost time”. Time cannot be saved or banked, it must be used or it’s gone forever. Time is ticking away relentlessly and seems to speed up as we grow older. There is a biological reason for the way we perceive time as we age, but a more obvious answer could be that a year to a five year old is equivalent to 20% of their life, to a 20 year old it is just 5% and so on. Regardless of our perception, we all have the same amount of time each day, 24 hours or 1440 minutes a day, 365 days a year, but not everyone produces or gets the same amount done in a day or a year.

Welcome to Money Tips Daily this is Money Kelly bringing you money tips to help you save and make more money! Financial education is one of the main keys to managing and building your wealth. Financial ignorance will be extremely costly throughout your life, especially when you put everything into the hands of advisers and accountants. In my forthcoming book, Yes, Money Can Buy You Happiness, I include section on the “Stars Who Lost It All”. One of the main reasons most of these celebrities went from extreme wealth to bankruptcy in a few years is a lack of financial education. They thought everything was being “handled” and didn’t have the common sense or knowledge to check what their advisers were doing with their money. Unfortunately, they don’t teach you this stuff in school, right? One way of gaining the knowledge that most advisers have and keep to themselves is to take a financial adviser course. Take a basic course in becoming a financial adviser, which can be done as a home s

Welcome to Money Tips Daily this is Money Kelly bringing you money tips to help you save and make more money! Live Long and Prosper. A long and healthy life means more time to earn and enjoy the fruits of your labour or investments. One way of getting your money’s worth from your lifelong private and state pensions is to outlive the actuary’s forecasts on your normal life expectancy! If you keep drawing that pension into your nineties or beyond, you’ve won! There are many theories on how to live a long and healthy life from eating the right foods to living in Okinawa, which seems to where the average person lives to a ripe old age eating oily fish and seaweed. The problem is, most of us don’t live on an island in Japan or in mountainous regions where the air is clean and mineral rich water irrigates freshly grown vegetables! What we can do is follow some of their habits like good diet, exercise and working beyond ‘normal’ retirement age.

Welcome to Money Tips Daily this is Money Kelly bringing you money tips to help you save and make more money! I trust your weekend is going well? You might be staying up late and enjoying a lie-in after a tiring week, which brings me on to today’s tip, which is about energy management and sleep. Make Sure You Get Enough Sleep. Did you know that sleep deprivation could kill you faster than food starvation? People have survived without food for more than 30 days, but the longest known case of going without sleep is just 11 days. Going without sleep for 24 hours leave your mind and decision making capabilities similar to someone who is intoxicated and a day longer and you will experience an altered state of mind. Depriving people of sleep is a known torture and interrogation technique and there are documented cases of people have signed confessions to crimes they didn’t commit, some of whom would face the death penalty, just to get some sleep! More at www.facebook/moneytipsdaily

Welcome to Money Tips Daily this is Money Kelly bringing you money tips to help you save and make more money! As the weekend kicks in, you may be planning to go shopping for an expensive item or something for the house. The Money Tips Daily tip for today is: Never borrow on loans or expensive credit cards for consumer goods or things that decrease in value. I’m not saying don’t use a credit card, which gives you additional consumer protection in the event of a problem or the company going out of business before you receive ordered goods. Consumers who ordered beds on their credit cards from Warren Evans, which went bust in the last week, should receive a refund from the card company, whilst those who paid with a debit card or in cash have little chance of seeing their money again. Using a credit card is fine provided you pay off the balance before interest is charged. If not, the effects of high interest rates on credit cards and personal loans will hold you back financially for years

Money Tips Daily - Model The Habits of the Rich and Successful. Simple terms, if you want to be wealthy and successful, do you want the wealthy and successful do! What does the wealthy and successful do? Find out more in this podcast.

Hello and welcome to Money Tips Daily, this is Money Kelly bringing you money tips to help save and make you more money! Mitigate Your Tax Liability, Legally! Slash your tax bill! If you are listening to this in real time, today is the 21st of February and for many of us in the UK the end of the tax or fiscal year on 5 April is fast approaching. Other countries may vary but the principle is the same, use every available legal tax saving method to reduce and mitigate the amount of tax you pay. Here in the UK, the next few weeks will present your last opportunity to use up your tax free allowances in savings schemes like ISA and Pensions. There are different types of ISA’s and pensions, and the right choice for you will depend on your own particular financial circumstances. You should seek financial advice from an independent financial advisor, as there are other tax saving investment schemes which require specialist advice. The amount you can put into these schemes varies from year