Should we shop to save the economy or look after our own economy by saving or paying down debt?
UK Prime Minister Boris Johnson said we should be out “shopping” again to get the economy moving after he shout it down for three months.
But with unemployment reaching record levels and tens of thousands of people losing their jobs every day, should you be saving our cash and taking care of your own economy or Uconomy?
The BBC reports that the non-political think tank, the Institute of Employment Studies (IES), said the number of people claiming work related benefits had climbed 1.6 million since March – a rate faster than during the Great Depression of 1929.
In this Money Tips Podcast episode:
- Boris advises us to go out and shop, but I’m holding on to my cash
- Pay down your debts before splashing out on non-essential goods
- 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
- Non-essential shops now open but pubs and restaurants remain closed
- 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
- Learn from experts – free Rent to Rent Training Register here – https://bit.ly/2MRLGbL
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.
- Are you one of those people who would like to get into property but you have no money, poor credit rating, no experience, or not sure where or what type of property to buy?
- Have you bought a few buy-to-let properties and now run out of cash for deposits?
Or maybe you’re just too nervous about property prices falling during the coronavirus lockdown recession and would prefer to hold on to your cash?
If you have answered “yes” to any of these questions, the following the strategy for you.
Don’t dismiss this strategy as something for beginners only. Rent-to-Rent when done professionally can generate thousands of pounds of immediate cash flow – for very little investment when compares to deposits and stamp duty – and turn your life around.
This is also the ideal low-risk strategy when property prices are falling and mortgage lending tightens up.
Free Rent to Rent Training Tuesday 16 June 7.30PM