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

Many of the multi billion dollar products we use today were not invented by the company which made them household names. Entrepreneurs like James Dyson, Richard Branson and Steve Jobs innovated and improved on existing products and ideas and set the friction out of using them. Uber and Airbnb are examples of disruptive companies which made an existing system better and easier to use. You too can apply this to your business or to a new business and make a fortune along the way.

The FCA has spent “two years” looking at the high cost of borrowing from pay day lenders, banks and rent to own furniture merchants. Whilst interest rates for this type of borrowing are completely out of order, what we need to do is to educate people not to borrow money to buy depreciating consumer goods in the first place. Borrowing money at extortionate interest rates to buy expensive televisions and vacuum cleaners will keep you in poverty for the rest of your life.

In today’s episode, I give two examples of young people who are taking action and literally “printing” money and becoming financially free! Okay, not actually printing money but metaphorically printing money and creating wealth and value. There is one catch, have to get off your backside and do something! Stop harping back to the “good old days” and realise that there are more opportunities now than ever before.

Most wealthy people started out with little or no capital and are self-made millionaire’s or even billionaires. There are many businesses you can start without the need for large amounts of capital. If you have any comments or would like further information on courses to help you get started in business, email me: Charles@CharlesKelly.net

Check out my three golden rules of investments and find out what Warren Buffett thinks is your greatest asset and what you should invest in.

Money Tips weekly quick summary of the UK financial and business news.

Whatever you feel about the royal family, you have to admit that they add billions of pounds to Britain’s brand and attract millions of tourists to the country. I would like to take this opportunity to wish Megan and Harry every happiness and success in their life together. Princess Diana, Harry’s mother, would have been so proud of her son and daughter in law.

Do you have enough money saved in order to retire comfortably and if not what can you do about it? The Royal London insurance company said you will need £445,000 in your pension pot today if you are still renting. In this podcast, we examine your options and look at how much money you need in your pension fund to live a decent life in retirement. For money, investing in property has been their preferred method of saving for retirement. If you would like to learn more about investing in property on a free property investment taster course, email me at Charles@CharlesKelly.net

Richest man in the UK, with a fortune of £21 billion, was the son of a carpenter who started life in a council house. Research shows that most millionaires are self-made. My research and life experience has shown me that the rich are usually kind and generous and not as portrayed in the media.

There are millions of millionaires in the world and more money available to invest than ever before. In this episode we look at ways to improve the return on your money or raise finance for ventures without using the banks.

TUC said that workers should be paid more and are earning less in real terms today and they were 10 years ago. However Paul Johnson from the Institute of fiscal studies said that the country’s productivity has not increased therefore pay cannot increase.

This weeks financial news, the Bank of England held interest rates, which is good news for borrowers but bad news for savers and pensioners. Whilst Donald Trump‘s action against Iran could have serious repercussions for many businesses, we can only control our own economy by the actions we take to earn and save money.

The news that a Danish insurance company, Alpha, operating in the British market has gone bust highlights the need to deal with a UK based insurer.

In the lottery of life, you have already won the jackpot. Why, because you are listening to this podcast and you have the facilities to do so. Just been born in a country like the UK means you have already had a massive leg up in life. Be grateful. Money flows where gratitude goes!

This podcast I’ll tell you the number one Investment tip and advice from one of the worlds greatest investors. If you like further information on a complimentary money course, I have a few ticket available so please email me at Charles@CharlesKelly.net

In this episode we look at disruptive companies such as Uber an Airbnb, which have made life better for consumers. At the other end of the scale there are companies to avoid. I recommend a book, which shows you how to live a life of luxury while still watching the pennies!

Thousands of UK mortgage borrowers find themselves trapped in and competitive deals due to changes in criteria. Now the FCA has told lenders to make it easier for borrowers to switch to new products.

Billionaire inventor Elon Musk described questions he was been asked by analyst this week as “boneheaded”! Is he in the right, or should he be more respectful to people who invest in his company?

Less you can manage your money, you never be wealthy, at least not for long. In my forthcoming book, Yes Money Can Buy You Happiness, I’ll give you a system that will help you manage your money. The system is called: The 3 R’s Of Money Management Listen to my episode to discover The 3 R’s Of Money Management

With average life expectancy now exceeding 80 in most western countries, you could live half as long in retirement as you have in work. How are you going to provide and keep yourself in those long retirement years? What are your options and how much should you be saving? Other alternatives include starting a business or property investment. There are advantages and disadvantages, as well as risks. If you would like information on a free property taster course to be held in London or another city in the UK, please email me at Charles@CharlesKelly.net