Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Sports Direct Chairman regrets buying House of Fraser for £90m.

Learn the secrets of NO money down property deals from experts this weekend in London. You can acquire property with No Money Down using proven strategies. Learn multiple no money down strategies by joining me at the “No Money Down Weekend” in London on 27 July. I have a limited number of complimentary tickets for the event, but you must apply by close of play Friday. For more information, email me at charles@charleskelly.net

Metro Bank Profits Plunge 84% as Boris Johnson Moves into No. 10.

Boris Johnson was elected Tory leader today and will become the next Prime Minister of the UK, the 5th largest economy in the world, after Theresa May steps down tomorrow. What are his chances of success?

Many years ago, are used to get a newsletter mailshot from a company recommending penny shares.  Penny shares traded at 10, 20 or 30 pence per share, and the idea was that you could buy these ‘cheap’ shares in the hope that they will go up in value massively compared to buying a blue-chip stock.    The company was offering a paid newsletter subscription which would send you a monthly report on the penny shares to buy. In reality, the shares were not cheap, the value was the same as the price. They were high risk investments that could’ve gone either way. Furthermore, the share price depends on a many factors including the number of shares issued.  In the same way, buying a property because the price seems cheap may not always be the best policy. Just because you see a property for £50,000, which looks cheap compared properties in another area, does not follow that you’re getting a bargain. You might be just paying £50,000 for a property that is worth £50,000. There may be a reason it’s wor

Weekly News Roundup 210719

Pension scams cost Brits 4 billion a year and could be the next big financial scandal according to the Sun. Problems started a few years ago after the then Chancellor George Osborne changed the rules to allow savers to access 25% of their pension pots tax-free from the age of 55. Thousands of people have since been scammed out of their money or made poor investments and lost everything. In the past, we could not touch our pensions until age 60, but the rules have become more flexible leading to some people foolishly frittering away the money that would've otherwise bought a secure pension in an annuity for life during retirement.  We know that the average pension pot of someone in the 50s is around £70,000, indicating that there will be a major shortfall in pension savings for millions of people in 10-15 years’ time. An awful lot of people will be unable to retire and some could be homeless. In other news, the current Chancellor Philip Hammond said he will resign from the government if Boris Johnson is e

I'm going to read you and excerpt from a book: Whatever may be said in praise of poverty, the fact remains that it is not possible to live a really complete or successful life unless one is rich. No man can rise to his greatest possible height in talent or soul development unless he has plenty of money; for to unfold the soul and to develop talent he must have many things to use, and he cannot have these things unless he has money to buy them with. Man develops in mind, soul, and body by making use of things, and society is so organized that man must have money in order to become the possessor of things; therefore, the basis of all advancement for man must be the science of getting rich. The object of all life is development; and everything that lives has an inalienable right to all the development it is capable of attaining. Man’s right to life means his right to have the free and unrestricted use of all the things which may be necessary to his fullest mental, spiritual, and physical unfoldment; or, in other

How will Brexit, the slowing UK economy and increased taxes affect property? In this episode, I look at the effects of Brexit, possible recession and tax on the future of UK property. Can You Acquire Property With No Money Down? Learn multiple no money down strategies. Join me at the “No Money Down Weekend” in London. Email me for more details at charles@charleskelly.net

  London Property Prices Falling at Fastest Rate Since 2008/2009 Financial Crisis.

Learn multiple no money down strategies from experts. Join me at the “No Money Down Weekend” in London on 27 July. Email me at charles@charleskelly.net fro complimentary tickets.

You have until 29 August to submit your claim for mis-sold PPI insurance.

Weekend Moey News Roundup.

Amazon is running and Amazon Prime day shortly and will be running special offers in order to get people to buy more stuff. If you are shopper, then you might pick up a few bargains on the other hand you might spend money on things you don’t need! If you are a marketer, I assume you have already prepared for this day. What is the point of these days?  It’s easy to be cynical about Black Friday, Christmas, January sales, Mother’s Day, Father’s Day, Easter and so on.  The aim is obviously to create an event and encourage people to buy. Do you have to wait for those specific days? No, you can have your own events.  Rob Moore of Progressive recently merged two divisions of his company into one. Rather than just let it pass as an accounting event, he had a progressive day in which he had special offers on his courses, one off special deals...you get the picture.  Despite the fact that we are all shopping more and more online these days, good shopping malls are still thriving. Why, because they

How to trace lost accounts and investments A recent report explains how the UK government is planning to expand its dormant accounts scheme to include some pensions, shares, and bonds, and take our money and donate billions of pounds to charity, according to Hargreaves Lansdowne. The scheme will eventually mirror the dormant account scheme where the provider hasn’t been able to get in touch with the investor for at least 12 years, and there’s been no activity on the account. If you hold only cash in your account then after six years it will be considered dormant. Banks and insurance company’s charges and fees will not be dormant, but your account will be considered dormant! Your money could be taken and “allocated” to good causes by the National Lottery Community Fund. However, the current dormant accounts scheme gives people the right to reclaim their money at any time in the future. The dormant accounts scheme has been running since 2011, and £1.2 billion in so-called dormant bank and building society accou

Check those subscriptions as you might be paying for a service you don’t use. 4 in 10 people forget to cancel subscriptions costing British people £338 million per month.  We’ve all done it, we sign up with the best intentions and then forget about it. Gym memberships, courses on trial or streaming films. Like me, you may be tempted by a free trial but find out later that you are still paying because you forgot to cancel after the free trial ended! 42% of people continue to pay for service they don’t use A lot of these payments come out by bank direct debit but, which are easier to check by printing off a list of your bank direct debits or going into your bank and asking for a list of your bank direct debits (and standing orders). Direct debit’s and standing orders are easy to cancel at the bank or on your online apps. However, a lot of online and American companies take recurring payments by credit card which are trickier to cancel and more difficult track unless you religiously check your credit card s

Should the British NHS Treat Anyone Free of Charge Regardless of their Residential Status? Should non-residents be charged for healthcare services? What's your view?

 10 Tips on How to Survive and Thrive in a Recession     1. Prepare for a recession because one always comes sooner or later. 2. Save and create an emergency fund. 3. Pay off and cut out consumer debt. 4. Create additional or multiple income streams. 5. Check on your investments and think about diversifying if you are heavily into equities or shares. 6. Talk to your family or friends.  7. Reduce expenses to live within your means.  8. Be that indispensable employee so that money still is keeps coming in. 9. Keep saving money as part of your budget.   10. Avoid recession depression and try to enjoy life 

Should you be bothered about the US inverted yield curve and what is it? When the yield on a 10-year US Treasury Bond falls below three-month government debt it signifies a recession is on the way. The gap between three month and ten-year yields has been negative before every American recession in the past 50 years according to the Financial Times. The news comes as the troubled Deutsche Bank announced 18,000 job losses worldwide, which will affect its City of London operation where it employs 8,000 staff.  What should you do to prepare for a downturn in the economy? I’ll be going deeper into tips on surviving and thriving during a recession in part two of the podcast edition. In my book, I talk about the wealthy who know how to preserve their ‘economy’ or what I call the ‘Uconomy’ and protect themselves whatever the outside economy is doing. They usually follow the ‘3 R’s of Money Management’, outlined in Part 3 on ‘How to Grow and Manage Your Money’. As I’ve said in previous podcasts, making money and

If you’re planning your holidays this year, make sure you have adequate travel insurance. Ignoring this advice could bankrupt you or leave you with a huge bill. What is travel insurance? Travel insurance covers things like medical expenses, trip cancellation or delays, lost or stolen baggage and personal liability while you’re travelling. The type of cover you need depends on the countries you’re visiting, the activities you’ll be doing on your travels, e.g. winter sports or summer holidays, and the length of your trip. Your age and health will also be a factor and you may need to find specialists providers. You’ll also need to state whether you want travel insurance for a single trip, multiple trips or for backpacking, as cover may vary and typical policies cover trips of up to 30 days at a time. Why do I need travel insurance? We love to travel, but accidents do happen, which can incur medical bills, delays, lost items and thefts. All of these unforeseen events can prove very costly if you’re not properly i