Money Tips Podcast

If you’d like more information on how to acquire wealth building assets using none of your money, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. Word of the Day Capital Gain A capital gain is the difference between what you pay for an asset, such as a property or share, and what you sell it for. Capital gain is a rise in the value of a ...

If you make one new year’s resolution make it this… By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this Money Tips Podcast episode: A decade of change and disruption Learn to manage your money Start a spreadsheet or money app and record everything that comes in and goes out Can you afford to retire? Millions of people...

In this episode you will learn more about owning and controlling property using little known creative “no money down” strategies used by professionals to create unlimited wealth and huge property portfolio using NONE of their own money. You don’t know what you don’t know and it’s never too late to learn new strategies and techniques. If you would like more information about no money down tools, em...

Not according to Michael Burry, the legendary investor featured in the book and movie, The Big Short, who is predicting a 2008-style crash. American Michael J. Burry is a physician, investor, and hedge fund manager. He was the founder of the hedge fund Scion Capital, which he ran from 2000 until 2008, before closing the firm to focus on his own personal investments. Burry made a fortune betting ag...

In this Money Tips Podcast episode: Learn to manage your money Start a spreadsheet or money app and record everything that comes in and goes out Hold regular ‘board’ meetings with your family or financial advisers and review finances Plan ahead for the next month, quarter or year and set financial goals to improve your life Can you afford to retire? Millions of people, or over 80% of the populatio...

More worrying stories have been flagged in recent news stories prompting fears of a looming recession. Earlier today, the FT reported, that the Federal Reserve Bank of New York injected $66bn into short-term lending markets on Monday, building on a series of operations from last week to support the market after a severe bout of turmoil. The cost of overnight cash borrowing in exchange for US Treas...

The accommodation platform Airbnb says it plans to go public next year. It was valued at $31bn in its most recent funding round and made more than $1bn in revenues in the second quarter. Airbnb hosts, of which I was once one, have made more than $80bn from renting their properties as of this month, according to the company.   Airbnb, like Uber, Amazon and Apple, have disrupted industries and broug...

House Price Growth Slowest Since 2012, Say ONS UK house prices rose at the slowest rate to July than at any time since September 2012, up by 0.7%, official figures reveal. According to the Office for National Statistics (ONS) there has been a general slowdown in UK property price growth in the last three years. The overall growth rate has been dragged down by a declining market in London and south...

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...

New App that cancels subscriptions after free trial 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 o...

Earn 500% more on your money and enjoy the prospect of long-term capital growth without buying HMO’s, Crypto Currencies or going into other high risk investments.   Low interest rates look set to continue for the foreseeable future. Whilst this is great for borrowers, it is disastrous for investors and people retiring on annuities.   Earning just over 1% on an ISA account is not even keeping up wi...

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 e...

Should you be buying Gold? 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 Gross Domestic Product. GDP rep...

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 well above the rate of inflation, yet the number of UK pupils in private education has never been higher...

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 inv...

Women Need to Invest More Money to Secure Future Prosperity The average British woman invests 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...

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. Even the middle classes shops at discount stores like Aldi and Lidl, even if they do make the excus...

How many hours a week do you work? The outspoken Chinese billionaire, co-founder of the online giant Alibaba supports a 9am to 9pm working day, six days a week. While European countries moves towards shorter working hours – I’m not sure they can get much shorter in France - and more time off, Jack Ma calls for a "996 system", which he describes as an opportunity and a “blessing”. Mr Ma recently wr...

6 Trump Tweets Wipe $500 billion off U.S. Stocks in one day The stock market lost over $300 billion in value in 15 minutes due to six tweets from President Trump. He even joked about the Dow being down later in the day as investors lost over $500 billion on Friday. The Dow Jones closed 623 points down on Friday following the Trump tweets calling Fed the “enemy” and imposing new tariffs on Chinese...

Listen to this jargon-busting episode.   Word of the Day WTO The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to ensure that trade flows as smoothly, predictably and free...

Albert Einstein once said that compound interest was the most powerful force on earth. What is compound interest? In simple terms, compound interest is the effect of interest being earned, paid or on interest. If you had £100 in the bank earning 7% interest per annum at the end of the year you would have £107. In year two, you are earning 7% on £105, not £100.   The Rule of 72 If you did not touch...

Universal credit is responsible for tenants on benefits falling behind with rent, according to the Residential Landlords Association (RLA). The RLA said 54% of landlords had reported tenants on the benefits go into arrears in the last year. The BBC reports that Debt charity Turn2Us warned universal credit will lead to "more rent arrears, more evictions and more homelessness". The Department for Wo...

Invest in yourself and your education. At this time of year, thousands of students in the UK are getting ready to start university in October. Many will be apprehensive about leaving home for the first time, as well as accumulating a large amount of debt at the end of the course. The average student debt for tuition fees and expenses is now around £50,000, which can be daunting for any young perso...

In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but gone and even standard buy-to-let mortgages have become more difficult to obtain.   Most people think that getting a mortgage from the bank is the only way to finance a property pur...

What should investors do when the stock market is in “turmoil” and recession looms? On Wednesday 14 August 2019, the US stock marker suffered its biggest one day fall since October and the Dow Jones had its sixth worst day in history. Markets recovered by the end of the week when President Trump deferred a tariff increase on Chinese imports. As markets reel and recession appears to be around the c...