Money Tips Daily by Charles Kelly, former IFA and author of

How to trace lost accounts and investments A recent report explains how the UK government is planning to expand its dormant accounts scheme to include some pensions, shares, and bonds, and take our money and donate billions of pounds to charity, according to Hargreaves Lansdowne. The scheme will eventually mirror the dormant account scheme where the provider hasn’t been able to get in touch with t...

Check those subscriptions as you might be paying for a service you don’t use. 4 in 10 people forget to cancel subscriptions costing British people £338 million per month.  We’ve all done it, we sign up with the best intentions and then forget about it. Gym memberships, courses on trial or streaming films. Like me, you may be tempted by a free trial but find out later that you are still paying...

Should the British NHS Treat Anyone Free of Charge Regardless of their Residential Status? Should non-residents be charged for healthcare services? What's your view?

 10 Tips on How to Survive and Thrive in a Recession     1. Prepare for a recession because one always comes sooner or later. 2. Save and create an emergency fund . 3. Pay off and cut out consumer debt. 4. Create additional or multiple income streams . 5. Check on your investments and think about diversifying if you are heavily into equities or shares. 6. Talk to your family or...

Should you be bothered about the US inverted yield curve and what is it? When the yield on a 10-year US Treasury Bond falls below three-month government debt it signifies a recession is on the way. The gap between three month and ten-year yields has been negative before every American recession in the past 50 years according to the Financial Times. The news comes as the troubled Deutsche Bank anno...

If you’re planning your holidays this year, make sure you have adequate travel insurance. Ignoring this advice could bankrupt you or leave you with a huge bill. What is travel insurance? Travel insurance covers things like medical expenses, trip cancellation or delays, lost or stolen baggage and personal liability while you’re travelling. The type of cover you need depends on the countries you’re...

Some of the top finance stories this week: Amazon is 25 years old looks set to dominate the world, although I’ve heard that before with other companies like Facebook. House prices continue to fall in London. According to the nationwide survey house prices in London fell for the eighth consecutive quarter and grows in other parts of countries slowed to just .5%. Earlier this week it was reported th...

Just 25 years on from when it started, Amazon has grown from start-up to one of the most valuable public companies on the planet, with Mr Bezos now the world's richest man. Amazon started as an online book retailer but has become a global giant, selling multiple products with membership subscriptions, physical stores, groceries for sale, its own smart devices and a delivery system which can get th...

Motorists and most small businesses are required to have public or third party liability insurance, but most of us don’t think about protecting ourselves until it’s too late.  You could lose everything if something goes wrong and you are sued for damages.  In a recent case reported in The Times, a cyclist knocked down a woman who walked into the road while looking at her mobile phone. A...

The importance of financial education at a young age. How much pocket money should parent s give to their children? Should they earn pocket money in return for chores? Teaching kids the value of money. Help you children to develop a positive money mindset from a young age, as it will have lasting benefits throughout their lives. If you are interested in developing and improving your money mindset,...

8 simple tips to start your day off on the right foot. Develop an abundance mindset by remembering that there is more money in the world chasing good ventures and ideas than there are ventures available. Check out my book, Yes, Money Can Buy You Happiness , on Amazon - http://bit.ly/2MoneyBook If you are interested in developing and improving your money mindset, check out more on this subject in m...

Follow my The 3 R's of Money Management to transform your finances with this simple formula taken from my new book - Yes, Money Can Buy You Happiness , available on Amazon - http://bit.ly/2MoneyBook .   Develop an abundance mindset by remembering that there is more money in the world chasing good ventures and ideas than there are ventures available. If you are interested in developing and imp...

More P2P lenders losing investor’s money and in trouble, as FCA impose restrictions. One scheme issued funds before planning permission was granted and the deal is now in default. Find out how you can learn how to do your own deals from professional trainers, rather than putting your cash into the hands of others. Property investment is not just about buy-to-let or becoming a landlord. There are d...

Longer term mortgages to help stretched first-time buyers on the rise. Barclays Family Springboard Mortgages explained. Watch your pension manager to ensure you are not losing out in poor performing funds. Will you be able to retire? Property investment is not just about buying your first house, buy-to-let or becoming a landlord. There are dozens of strategies from development and conversions to r...

Listen to what the current PM has to say about landlords and letting agents. Respond to the consultation and lobby your MP if you feel the removal of section 21 would be a mistake. You’ve heard a lot of negative news, so is this the end of property as we know it?  NO! Of course not. Firstly, entrepreneurs are adaptable and it’s in their DNA to find solutions to problems. Secondly, property in...

I recently attended a landlord’s meeting and was shocked at the lack of knowledge in the room, especially regarding important changes which came into effect this month. Firstly, new legislation came into effect from the 1st of June under the Tenants Fees Act 2019 regarding charging tenants – what you can and cannot charge tenants. If you are a landlord and you ignore new letting rules, you could f...

The incredible story of young entrepreneur, Reggie Nelson, who knocked on doors in London's wealthiest areas, Kensington, to ask for business advice. Find out what happened.  If Richard Branson lost it all today, how long do you think it would be before he would be a billionaire again? Much of his fortune has been made using other people’s money, ideas and work. All they needed was the virgin...

Why do so many new businesses fail in the first few years?

A few phone calls could save you hundreds, if not thousands, of pounds. After our mortgage or rent payment, utilities I’ll probably one of our biggest expenses.  Unfortunately, when it comes to the companies which supply your gas electricity, mobile phones and broadband, it does not pay to stay loyal to them. Same applies to car, breakdown recovery and home insurance.  They say that it c...

Cyber security and credit protection advice from the real Frank Abagnale, the man who inspired the Stephen Spielberg billion-dollar blockbuster movie, played by Leonardo Di Caprio, who worked for the FBI for 40 years advising governments and corporations on cyber security recently gave a talk at Google. His advice on how to protect yourself against cyber crime might surprise you and even scar...

When I was growing up in London there were different waves of migrants coming into the country. Many members of my extended family were coming over on the boat from Ireland, where there was little opportunity and widespread poverty. I also went to school with many first-generation migrants from Cyprus, India, East Africa and the Caribbean. Later on, I saw other waves of immigration from places lik...

You will see that money is everywhere if you have the right 'money mindset, which I cover in my book, Yes, Money Can Buy You Happiness . There are trillions of Dollars in circulation right now. This does not include the hundreds of billions in pension funds, venture capital and hedge all looking for places to invest.  Examples of people who had a different money mindset are two former members...

In this week’s episode, 5 Quick Money Saving Tips. What’s the funniest money saving tip you’ve ever heard? One of the strangest tips I’ve heard was on a radio show, which had a daily “housewives tips” feature. A radio DJ would say: “send in your money saving tip on a postcard and if it’s read out, you’ll get a free mug!” One tip sent in by a listener recommended gathering up all of the small lefto...

You may have read that Facebook is to launch a cryptocurrency , which is already creating a stir among world central bankers and G7 leaders. This is not just a remittance service sending money via a smartphone, but a new currency.  However, some cryptocurrency purists could argue that Facebook’s new digital coin, Libra, is not a true cryptocurrency, although they admit that it could bring dig...

Your network is your net worth and net wealth, so get around like minded people who lift you up and get away from negative people who drag you down. Choose your friends wisely and get around the right people if you want success, happiness and wealth in your life.  In this episode you’ll learn how to expend your network, where to meet like-minded people and which friends to avoid! Listen to my...