Do what you love and the money will follow

Tips LIFESTYLE | 03. June 2019

Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy, and property business.

ABOUT ME

Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. Charles spent over 25 years in financial services working for banks, insurance companies and as a qualified Independent Financial Adviser running his practice.

Do what you love and the money will follow

Tips LIFESTYLE | 03. June 2019

asdasdasd Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. Charles spent over 25 years in financial services working for banks, insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy, and property business.

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ABOUT ME

Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice.

Latest podcasts.

The Rich Do These Things, The Poor Do Not

Listen to The Rich Do These Things, The Poor Do NotBy Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. In this episode: The things the rich do that the poor do not In my 25 years in financial services advising thousands of clients, these are the things that I have observed that the rich and successful people, which the poor neglect to do. Word of the Day Disaster Recovery Disaster Recovery is a strategy and set of policies, tools and procedures to enable the recovery or continuation of vital technology infrastructure and systems following a natural or human-induced disaster. 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.   Other articles at www.moneytipsdaily.com   Drowning in a Sea of Debt Drowning in Sea of Debt By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Millions in debt. Debt charity deals with 9500 earning £40,000 If you’d like more information on how to acquire wealth building...   Brexit Property Effect – Invest or Wait? Brexit Property Effect – Invest or Wait? By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   In this episode: Brexit Effect Wait or Invest Is this a flip market? Are we due for a correction? Long term...   UK Property – £60,000 for a house in Wales or £6 million for a room in Mayfair UK Property - £60,000 for a house in Wales or £6 million for a room in Mayfair By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. If you’d like more information on how to acquire wealth...   More money looking for places to invest that there are good places to invest More money looking for places to invest that there are good places to invest By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Word of the Day: Securitisation. Securitisation is the financial practice of pooling various types of contractual...   When is a ‘Freehold’ not worth the paper it’s written on When is a ‘Freehold’ effectively not worth the paper it’s written on and is more like a leasehold? By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Buyers of new build houses may be shocked to... 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.

Where Can The Average Person Invest Their Money And What Most Financial Advisers Don’t Tell You?

Listen to Where Can The Average Person Invest Their Money And What Most Financial Advisers Don’t Tell You?I was a financial adviser for 25 years working for banks, insurance companies and in my own IFA practice. I am also the author of the book, Yes, Money Can Buy You Happiness.   For the average person who has a small lump sum or monthly amount of cash to invest there are a number of investment vehicles from which to choose. Here is a basic list of products available to the average investor.   Deposit based investments   ISAs and bank deposit accounts which are usually guaranteed up to £85,000 by the government.   Advantages:   Safe, guaranteed investment up to £85,000.   Disadvantages:   Low returns.  The purchasing power of your money will be eroded by inflation.   Asset-backed investments    Shares, bonds and property. You can invest in these assets directly or through investment vehicles or funds such as, unit trusts, mutual funds, pension schemes and ISAs.    Advantage:    Potential for better returns over the longer term.   Disadvantages:   Higher risk. You could get back less than you’ve put in. More specialised.    If you have less than £250,000 to invest, most financial advisers will only be able to recommend products via funds which invest in the above asset-backed regulated investments, which are regulated by the FCA (Financial Conduct Authority) rules. You are protected by the FCA, for instance, if you are miss-sold one of these products by an authorised adviser.   You can check the FCA register for a list of authorised firms and advisers. Advisers must study and pass exams and prove they are keeping up-to-date by attending training courses and CPD.  If you want to know what they know, take a basic financial adviser course.   Financial advisers can usually only recommend regulated products. This is usually outlined in a long brochure or leaflet, who nobody reads in my experience, or is blurted out in a long sentence over the phone. Financial advisers will not advise you to buy a property or invest in an individual share, as they will say that it’s too risky.   Some financial advisers are independent and can recommend a range of products with a number of product providers or companies.    However, other advisers work for an insurance company and can only recommend the products or services.   Investors with large amounts of money can access specialist financial planners and a wider range of investment vehicles.   There are of course more specialised direct investments, such as, art, vintage cars, antiques, fine wines, stamps, as well as metals like gold and silver.    Lots of people collect art, wine and gold and silver coins, either as a hobby or as a hedge against inflation.    Advantages:    Potential for higher returns if you know what you’re doing. Usually, but not in all cases, capital gains tax free.    Disadvantages:   Higher risk. Unregulated.  Requires specialist knowledge and expertise. These types of investments do not generally produce an income.   Property   In recent years, there has been an explosion in buy to let property investors and small property developers. There are now around 2 million buy-to-let landlords in the UK.   Direct investment into property, or “bricks and mortar” as my parents would say, has proved extremely popular with investors who have shunned more traditional investments like pensions and shares.   Advantages:   Potential for higher returns over the medium to long term. Property rentals also produce a return or yield in addition to capital growth. Leverage. You can obtain a mortgage to purchase a property.  Tax advantages, depending on what investment vehicle you use to purchase property.   Disadvantages:   Property requires more work and is seldom a totally passive investment. Illiquid. Property takes time to sell and can be difficult in a downturn. Higher risk, especially for the amateur landlord or small investors who buy a property at an auction after watching “Homes Under The Hammer” on TV.    Property investment should be treated as a business rather than a hobby.    When done professionally, property investing can be extremely rewarding and enjoyable.   Other investments   I often get asked by people who say, what about investing in bitcoin, FOREX, or traded options.    They have usually read about it I’ve been offered a course on how to make money as a day trader in for an exchange. My answer is, if you don’t understand something, don’t invest your money into it!   There is also a difference between investing and speculating. Speculating that a certain share or currency may rise based on a new story or trend it’s not the same as investing in a share in the company that you have researched and believe will do well in the long term.    Similarly, jumping on the property bandwagon because the market is rising or you want to secure a new apartment off-plan in the latest high-rise development it’s not the same as learning your craft, doing your research and investing in a property you feel will give you a good return on your investment (ROI).    If you would like to learn more about investing in property, please drop me a line.   The above information is for your information and entertainment only and should not be considered to be investment advice, as I’m not your financial adviser.   By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.   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.   If you’d like further information on how to survive the crisis and even quit the rat race, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

Earn 25% Tax Free Bonus with a Lifetime ISA

Listen to Earn 25% Tax Free Bonus with a Lifetime ISABy 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: 25% Bonus added to monthly contribution up to maximum £4000 per year Can be used for first time residential property purchase or for retirement Lifetime ISA (LISA) available between ages 18 to 40 Always seek independent financial advice Can you afford to retire? Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy? You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free. Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.  Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’. 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. See more articles at www.moneytipsdaily.com How to Use Creative Property Financing to Beat the Banks How to Use Creative Property Financing to Beat the Banks   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... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/ 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.  

Mortgage Lender Limits Loans Size Due To Fears Of Falling Coronavirus Housing Market

Listen to Mortgage Lender Limits Loans Size Due To Fears Of Falling Coronavirus Housing MarketIn this Money Tips Podcast episode:   Nationwide cuts lending in fear of negative equity in a falling market Bigger deposits required from borrowers to cover future price drops  Maximum LTV Loan to Value cut from 95% - 85% for First Time Buyers  Brokers report tightening mortgage lending as banks become cautious Numbers claiming work-related or unemployment benefits up 126% to 2.8 million Economists warn of higher unemployment figures when furlough scheme ends  UK economy shrinks by 20% in April – biggest monthly drop in history UK House prices suffer biggest fall in 11 years as lockdown kills the economy Will your job be one of millions phased out by automation, innovation and AI? You don’t need your own money to create a second income in property  Time to your economy or Uconomy started whatever the economy is doing! You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages and cash     Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. 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. If you’d like further information on how to survive the crisis and even quit the rat race, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com True entrepreneurs create wealth and jobs and don’t need you to be poor for them to be rich.   

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Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. Charles spent over 25 years in financial services working for banks, insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business. Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation. For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

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