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.

5 Tips to Make Saving More Fun

Listen to 5 Tips to Make Saving More Fun

Saving is at its lowest rate on record. Experts predict that by 2060, 15 million retired workers will be living on inadequate incomes.

How can we encourage people to save more?

Behavioural economics is a blend of psychology and economics. One of its leading exponents is David Halpern who heads the Behavioural Insights Team. He and his team spend a lot of his time thinking about how to incentivise us to save more money. Here are some of their most important findings courtesy of BBC’s Money Box which you can find on BBC Radio 4:

1. Use a photo to help visualise your goal

2. Make saving money more fun

3. Keep it simple

4. Rainy day money

5. Save more without reducing your income

See full article text at www.moneytipsdaily.com

Having worked in financial services, including banks, insurance companies and my own IFA practice, for over 25 years, I have seen first-hand how people manage their money. This is why I wrote Yes, Money Can Buy You Happiness to help people feel better and manage their money more effectively.

Other articles at www.moneytipsdaily.com

Should banks control our spending?

Should banks control our spending By Charles Kelly, Property Investor, former IFA, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. Analysis has shown that people with bipolar disorder, depression or obsessive compulsive disorder (OCD) are more prone to overspending and potential...

Brexit Property Effect – Invest or Wait?

Boris has got his deal through Parliament, but not on his timescale. Brexit Property Effect – Invest or Wait? Wait or Invest Is this a flip market? Are we due for a correction? Long term...

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.

No Money Down Property Investing Course – Complimentary Tickets Available

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.

10 Quick Fire Money Tips to Beat the January Blues

Listen to 10 Quick Fire Money Tips to Beat the January Blues

In this Money Tips Podcast episode:

  1. Manage the longest payday gap from Christmas until the end of January
  2. Make a plan to slash your credit card debt this year and the next
  3. Credit card bills dropping onto your doormat – open the envelope!
  4. Use interest free credit card switch deals to give you breathing space
  5. Plan to pay off the balance before end of interest free period if possible
  6. Always arrange a small overdraft facility with your bank just in case
  7. Check your account, savings and ISA’s for best rates
  8. Switch bank accounts and receive up to £175
  9. Self-assessment deadline 31st of January
  10. Buy travel insurance when you BOOK holidays and flights

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.

Change your habits change your life

Listen to Change your habits change your life

Millions of people join the local gym in January, but many will quit within a few months. People also try to get their finances in order at the start of the new year, but soon drift back to their old ways of spending on consumer goods and maxing out their credit cards.

In this Money Tips Podcast episode:

  1. It’s the things you do every day count not a few weeks of exercise or a crash diet
  2. Money management is a lifelong process just like living a healthier lifestyle.
  3. Learn money management using practical tools like the 3Rs of Money Management
  4. Learn how to become a S.M.A.R.T Money Manager
  5. Financial education is the key to financial freedom and happiness

I was at my gym today and noticed that it was more crowded because of the usual influx of the January new year joiners hoping to lose weight, get fit or lead a healthier lifestyle. That’s great, but how many will still be there in February or March?

Unfortunately, many of these new members will drop out within a few months and go back to their usual routine.

It’s the things you do every day count, not once in a while. Habits like, washing, brushing your teeth or taking a 30-minute walk will make a difference to your lifelong health.

If you really want to lose weight, get fit and live a healthier lifestyle, you need to change your habits.

Similarly, if you want to get out of debt and be financially free you need to change your spending and lifestyle habits.

Just like healthy eating or exercising, money-management is a lifelong process. If you stop it for a few months your finances will fall into disrepair, just like your muscles will deteriorate and you will gain weight if you stop going to the gym.

Don’t let the grass grow under your feet

You’ve got to keep on top of your finances and your health, as well as your relationships otherwise, as Jim Rohn used to say, the weeds will take the garden.

Money management

In my book, Yes, Money Can Buy You Happiness, I teach money management using practical tools like the 3Rs of Money Management and show you how to become a S.M.A.R.T Money Manager.

S.M.A.R.T Money Manager

S – Spend wisely avoiding expensive consumer debt

M – Manage and respect money and make informed decisions

A – Accumulate wealth over time taking the long-term perspective

R – Review finances on a regular basis and make appropriate changes

T - Track income and expenditure on a daily or weekly basis

 

Let’s take one lesson from the S.M.A.R.T Money Manager system.

T stands for:

Track income and expenditure on a daily or weekly basis.

This can be easily done using a free spreadsheet, an App or a good old notebook and pen.

Remember. Education is the key to your successful financial life. Children go through decades of formal education, but leave school or university with little or no financial knowledge.

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.

7 ‘No Money Down’ Property Strategies (Using Other People’s Money)

Listen to 7 ‘No Money Down’ Property Strategies (Using Other People’s Money)

A lot of people say, “you need money to make money”, which is not strictly true.

 

Yes, some projects do require investment, but I’ve started many businesses with no money and just my efforts. TV money expert Martin Lewis started his Money Saving Expert website for £200 and sold it for millions and describes it has his greatest ever investment. I would say the same about my business investments where my ROI has been infinite.

 

Assuming you do need money for a project, does it need to be your own money? Of course not!

 

People have bought and sold businesses, properties and funded projects, expeditions, corporate takeovers for centuries using Other People’s Money (OPM).

7 ‘no money down’ property strategies

  1. JV – joint venture with someone who has cash to invest but not the time.
  2. Rent to Rent – control property and rent out for a profit.
  3. Refinance – draw off equity by remortgaging your, or someone else’s, property.
  4. Crowdfunding – sourcing funds from groups of investors.
  5. Lease Options – buy now, pay later with option, but not the obligation to buy.
  6. Rent to buy – rent now, buy later.
  7. Serviced Accommodation – start a serviced accommodation business with leased properties.

Word of the Day

 

ROI / Yield

 

What is Return on Investment (ROI)?

 

“Investopedia describes ROI as:

Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment or compare the efficiency of a number of different investments. ROI tries to directly measure the amount of return on a particular investment, relative to the investment’s cost. To calculate ROI, the benefit (or return) of an investment is divided by the cost of the investment. The result is expressed as a percentage or a ratio.”

 

I say, “what I am getting out of this deal?” or “what will I get back on my investment?”!

 

ROI is sometimes confused with ROC – Return on Capital.

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.

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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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