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.

New Job Support Scheme unveiled by UK Chancellor

Listen to New Job Support Scheme unveiled by UK ChancellorChancellor Rishi Sunak has announced the Jobs Support Scheme, replacing the job retention furlough scheme, giving people in work three quarters of their normal salaries for six months. The UK government will be topping up wages of workers who have not been able to return to the workplace full time due to the coronavirus, instead of paying people to stay at home. Sunak hopes the new £300 million a month package, starting on 1 November, will prevent mass job cuts when the furlough scheme ends next month on 31 October. Around three million workers representing 12% of the UK workforce, are benefiting from partial or full furlough leave, according to figures. The government wants to support the wages of people in work, giving viable “businesses who face depressed demand the option of keeping employees in a job on shorter hours, rather than making them redundant," Mr Sunak said. He will "support only viable jobs" as opposed to jobs that only exist because the government is continuing to subsidise the wages, adding that he "cannot save every business and save every job." Mr Sunak also offered businesses that have borrowed money through the government's loan scheme more time to repay the money. The VAT cut for hospitality and tourism companies will be extended until March. The chancellor announced that small businesses who took out "Bounce Back" loans can use the new “Pay as You Grow” flexible repayment system, which means repayments on borrowings can be spread over 10 years instead of the original six-year term. Other articles available atMoney Tips Podcast - www.moneytipsdaily.com Have you made a Will? How will a crash affect your pension? House prices rise to reach all time high How to avoid bankruptcy in business Will demand for HMO rooms rise or fall? Is this the end of office work as we know it? Home workers one step closer to outsourced Why live in expensive town centres anymore? Buy-to-let landlords ignore “NO DSS” tenant ban Thousands trapped in unsellable leasehold flats 2m homeowners apply for mortgage payment holiday Government extends ban on landlords evicting tenants Self-employed, have you claimed your government grant? UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or 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, Wealth Mentor, 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 wealth mentoring and coaching, 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           See omnystudio.com/listener for privacy information.

Apple now worth $2 Trillion – which businesses are booming during coronavirus crisis?

Listen to Apple now worth $2 Trillion – which businesses are booming during coronavirus crisis?Apple becomes the most valuable US company ever as it hits $2 trillion milestone after it shares rose 60% this year.  Elon Musk becomes the fourth richest person in the world after his stock holdings gained $8 billion in one day as Tesla's share price rise 11% to an all-time high – the share price has soared by 330% this year. He is now worth $84 billion despite owning a until recently loss-making company, which is apparently worth more than Toyota, Ford and General Motors, while selling a fraction of the number of cars! I have lived through at least four major recessions – early 1980’s, late 80’s to early 90’s, 2008 great recession and the current 2020 one which could be the daddy of them all. Unfortunately, there will always be winners and losers in recessions which naturally culls poor performing businesses by natural selection. Some businesses are booming during the coronavirus pandemic and recession, while other go under for good. Here are some examples: Camping - Halfords say demand for tents, airbeds and stoves surged in staycation trend John Lewis report a 243% increase in sales of camping chairs, inflatable pillows Staycation - Camping pitches inundated, UK hotels and B&Bs busy as we stay home Cycling – My local Halfords has sold out of bikes, accessories and even pumps Garden furniture – prices have risen and stock appears low Home gym equipment – Peloton shares have gone up 300% since March 2020 Home office equipment and work trends change and offices close Make up – particularly eye makeup and small luxuries Online shopping, Amazon, Netflix and Zoom are among the lockdown winners High street shops, cafes, restaurants, pubs, music venues and theatres lose out Takeaways and home food deliveries are doing well as restaurants suffer   Other articles available atMoney Tips Podcast - www.moneytipsdaily.com   Winners and losers in coronavirus crisis M&S to shed 7000 office and retail jobs John Lewis and Debenhams close stores Third of UK employers plan further job cuts UK economy shrinks by 20% April to June 2020 UK is officially in recession after successive GDP falls One in three UK employers plan more redundancies Redundancies soar fivefold despite furlough scheme Unemployment to double 7.5% and economy slump 9.5%  Half as many jobs are being advertised compared to 2019 Self-employed, have you claimed your government grant? Base rate held at 0.1%, interest rates to stay low for 5 years Lenders not passing on rate cuts and mortgage rates going up! The end of furlough sees millions more unemployed this autumn UK house prices reached a new all-time high in July as buyers return UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or 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 See omnystudio.com/listener for privacy information.

Self Employed – Have you claimed a grant through the Self-Employment Income Support Scheme?

Listen to Self Employed – Have you claimed a grant through the Self-Employment Income Support Scheme?This scheme allowed the self-employed trader to claim a first taxable grant, which closed on 13 July 2020. The second and final taxable grant is worth 70% of your average monthly trading profits, and will be paid out in a single instalment covering 3 months’ worth of profits - capped at £6,570 in total. If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) use this scheme if you're eligible to claim the grant. Claims for the first grant are now closed, but the scheme is now open. If you’re eligible and your business has been adversely affected on or after 14 July 2020, you need to make your claim for the second grant on or before 19 October 2020. Who can claim? You can make a claim for the grant, regardless of whether or not you did not claim for the first grant, if your business has been adversely affected on or after 14 July 2020. This is for self-employed traders and you cannot claim a grant if you trade as a limited company (i.e. company director drawing a salary) or operating a trade through a trust.  You will need to qualify under the eligibility criteria, which means that your business has been adversely affected - your business has experienced lower income or higher costs due to coronavirus. HMRC states that you should make an “honest assessment” about whether your business has been adversely affected.   What you need To apply you must have your: Self Assessment Unique Taxpayer Reference (UTR) which should appear on your tax letters or returns – if you do not have this ask your accountant or follow this link - find out how to get your lost UTR When claiming for the Self-Employment Income Support Scheme grant you should: keep a record of how your business has been adversely affected confirm to HMRC that your business has been adversely affected by coronavirus For instance, your business could be adversely affected by coronavirus if you were unable to work because you: are shielding or self-isolating are on sick leave because of coronavirus have caring responsibilities because of coronavirus have had to scale down, temporarily stop trading or incurred additional costs because: your supply chain has been interrupted you have fewer or no customers or clients your staff are unable to come in to work one or more of your contracts have been cancelled Important In order make a claim for the second and final grant your business must have been affected on or after 14 July 2020. Your trading profits must be no more than £50,000 and at least equal to your non-trading income. The UK is officially in the worst recession in decades with the economy shrinking by an unprecedented 20% April to June. Whilst some sectors of the job market showing signs of recovery, this latest news with not help a severely weakened economy. The numbers of unemployment benefits claimants rose sharply from just over 1 million to 2.7 million in the first six months of this year. Other articles available at Money Tips Podcast - www.moneytipsdaily.com   M&S to shed 7000 office and retail jobs John Lewis and Debenhams close stores Debt collectors near top of job vacancy list  Retail sales grew in July and GDP rose 8.7% Third of UK employers plan further job cuts UK economy shrinks by 20% April to June 2020 UK is officially in recession after successive GDP falls One in three UK employers plan more redundancies Redundancies soar fivefold despite furlough scheme Unemployment to double 7.5% and economy slump 9.5%  Half as many jobs are being advertised compared to 2019 Base rate held at 0.1%, interest rates to stay low for 5 years Lenders not passing on rate cuts and mortgage rates going up! The end of furlough sees millions more unemployed this autumn UK house prices reached a new all-time high in July as buyers return UK property prices jumped by 3% since June following stamp duty cut Why UK Property prices rising after stamp duty cut, despite the downturn? New planning rules will open up more opportunities to make money in property You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or 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   See omnystudio.com/listener for privacy information.

Hong Kong BNO Passport Holders Snap Up UK Properties

Listen to Hong Kong BNO Passport Holders Snap Up UK PropertiesThere is anecdotal evidence that Hong Kong buyers are investing in British property ahead of eventually settling in the UK.  Following recent changes to the law, as many as three million Hong Kong residents could be offered the chance to settle in the UK and apply for citizenship, Boris Johnson announced last month. The British Prime Minister said Hong Kong's freedoms were being violated by a new security law and has handed a lifeline to those affected in the form of a "route" out of the former UK colony and in to UK citizenship. There are around 350,000 UK passport holders, and 2.6 million others eligible, will be able to come to the UK for five years. And after a further year, they will be able to apply for citizenship. British National Overseas (BNO) Passport holders in Hong Kong were granted special status in the 1980s but currently have restricted rights and are only entitled to visa-free access to the UK for six months. BNO passports were granted to all Hong Kong citizens born before the Chinese handover in 1997. Whilst the second-class passports allowed the holder some protection from the UK foreign service, they did not give the right to live or work in Britain.  But under new government's plans, all British Overseas Nationals and their dependants will be given right to remain in the UK, including the right to work and study, for five years. After five years, they will be able to apply for settled status or Indefinite Leave to Remain. After a further year, they could apply for full UK citizenship. Other countries, such as Australia and Canada, are wooing wealthy HK residents with offers of permanent residence. It is rare to the red carpet being rolled out for refugees, but these are not penniless migrants.  HK residents are highly educated, entrepreneurial and enjoy some of the highest standards of living in the world. What they lack is the rights and freedom we enjoy in the west. One potential drawback for the UK is Brexit, which may affect some migrant’s decision to settle here. However, if only 10% of the three million eligible HK residents choose to live in Britain that will mean 300,000 property buyers and renters looking for a place to live in the UK. It remains to be seen whether or not today’s citizens will choose to settle and invest in the UK when other countries, such as Cyprus offer a guaranteed route to citizenship in the European Union. The Cypriot immigration policy and legal framework now enable Non-EU applicants to obtain Cypriot citizenship on an expedited basis – fast. 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 If you would like to know more about the Cyprus golden visa programme visit: http://eugoldenvisaprogramme.com See omnystudio.com/listener for privacy information.

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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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