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

Despite the negative press, Facebook is still an excellent platform for advertising , especially if you are small business.

Millions of savers are susceptible to the ups and downs and volatility of their pension plans. In this episode I look at the differences between saving in the pension policy or investing directly into property. You should always seek financial advice before making any investment choices.

Millions of pension savers are susceptible to the ups and downs of the stock market. In this episode I compare the differences between pension policies and direct investment into property. As always, take advice from an independent financial advisor before making any investments.

Many people say to me that they cannot afford to save as they are struggling with the bills, student loans or credit card debts. But if you continue like this for the rest of your working life you will obviously end up with nothing. You will have paid everybody else, banks, mortgage companies, landlords, credit cards and all the other suppliers that make up your life, except yourself! Pay yourself...

Paying yourself first means putting money aside before you spend it and pay everybody else.

I firmly believe that education should not stop after school or university. Around 90% of people never attend a course after they finished their formal education, which is unbelievable in this changing world. Whatever industry you are in, you should make it your business to learn everything you can about that industry and keep yourself a up-to-date with the latest trends and developments. If you w...

Work on yourself. Working in a job will make you a living, working on yourself will make your fortune. Jim Rohn’s mentor told him that his financial situation was not the fault of the economy, the government or taxes, it was down to his own actions. We can’t do much about the wider, world economy, but we can control our own economy. Jim said, if you would change everything will change for you.

Try these tips to save money on energy bills and keep warm. Top 10 Tips To Save Money On Your Heating Bill And Surviving The Cold Although it’s March we are going through another cold snap with snow – and it’s freezing in the UK and northern Europe! Household energy prices continue to climb higher and higher each year, so we've pulled together some easy top tips on saving money on your energy bill...

Last September, new regulations were introduced to make it harder for landlords with four or more mortgaged properties to borrow money. The new regulations are designed to prevent irresponsible lending and introduce interest rate stress testing on buy-to-let mortgages for the first time. Mortgage lenders will now review the entire existing portfolio before deciding to lend on a new application. Th...

Follow the simple tip and save hundreds on your shopping bill.

A few days ago I said that becoming financially aware and astute is not just about making money, it is also watching your back for potential threats to your bank balance and financial wellbeing. Tony Robbins used to run a ‘wealth protection’ service for people with large sums of money, and Jim Rohn advised us to build a financial wall around our family so strong that nobody could knock it down. Th...

Have you read your lease? Leaseholds properties are a legal landmine for the hundreds of thousands of uninitiated buyers purchasing leasehold flats every year. Like me, the majority of first time buyers, as well as buy-to-let landlords, will buy a leasehold flat under rules which exist in very few countries outside the UK. When you buy most flats in the UK, you are a tenant under a long lease whic...

We know that we need good health to enjoy happy and fulfilled life, but do we need to be fit and healthy in order to become successful or wealthy? Whilst there are always exceptions to the rule, 95% of successful people I have met and observed over the last 30 years in business have all kept fit and looked after their health. The 5% invariably either burned-out, had a heart attack or are no longer...

Get A Cashback When You Switch Bank Accounts. Better interest rates on your savings and a cashback are not the only the reasons to switch your bank account. Thanks to competition regulations, switching a current account isn't as difficult as it used to be. Your new bank will take care of transferring Direct Debits and regular payments for you, usually within seven working days. However, if anythin...

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...

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 clas...

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 lea...

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...

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 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. Th...

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 tra...

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 ar...

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, b...

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...

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....