300 episodes

Money Tips Daily is a daily podcast brought to you by the author of Yes, Money Can Buy You Happiness, published on Amazon. Money Tips Daily helps you save, earn, invest and enjoy more money!

Money Tips Daily by Charles Kelly, former IFA and author of Charles Kelly

    • Education
    • 5.0 • 1 Rating

Money Tips Daily is a daily podcast brought to you by the author of Yes, Money Can Buy You Happiness, published on Amazon. Money Tips Daily helps you save, earn, invest and enjoy more money!

    New Job Support Scheme unveiled by UK Chancellor to stop mass unemployment

    New Job Support Scheme unveiled by UK Chancellor to stop mass unemployment

    New Job Support Scheme unveiled by UK Chancellor to stop mass unemployment

    Chancellor 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.

    The government rescue packages since March are the largest series of measures since the second world war, leaving the UK with a £300 billion deficit.

    Meanwhile, the stock and property markets remain high and employers welcomed the new job scheme.

    Other articles available at Money Tips Podcast - www.moneytipsdaily.com

    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.netor send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

    • 9 min
    Make sure you have a Will and put your affairs in order before you die

    Make sure you have a Will and put your affairs in order before you die

    Following the tragic loss of a dear friend and business partner this week, I was reminded of just how precious and fleeting life can be. We all should make the best of our time on this earth.

    She certainly packed more into her short life than most people would in three lifetimes.

    Someone once said that there are two things certain in this life:

    Death and taxes!

    We’re all going to die one day, but unfortunately, taxes, and other financial liabilities, do you not die with you. The government still wants its share of your estate before it is passed on to your beneficiaries.

    Even though you build up your savings and property from money on which you have already paid tax, the taxman still puts his hand out for a cut when you die so that the government can spend it. Each year, HMRC collect’s around £5 billion in inheritance tax (IHT) from ordinary families, as well as the rich. Politicians on the left would like to see this increase, as they do not believe children should inherit wealth.

    You cannot change the system, but you can take steps to legally mitigate inheritance tax liabilities. See my article on the billionaire Duke of Westminster who legally avoids several billion pounds inheritance taxes. Even the staunch left-wing socialist MP Tony Benn used trusts to avoid inheritance tax on his substantial estate before he died.

    You need to take advice on IHT planning, but three of the common methods used are:

    1. Wills

    2. Trusts

    3. Life Assurance

    Where there’s a will there’s a relative.

    Full details and other articles available at Money Tips Podcast - www.moneytipsdaily.com

    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.netor send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

    • 14 min
    UK economy grew by 6.6% in July

    UK economy grew by 6.6% in July

    UK economy grew by 6.6% in July

    The UK economy continued to recover in July, growing by 6.6%, according to figures. The economy has expanded three months in a row, but remains well below pre-lockdown levels.

    The Office for National Statistics (ONS) revealed that the UK "has still only recovered just over half of the lost output caused by the coronavirus", the BBC reports.

    Whilst this is good news, things are far from back to normal. Growth in July was slower than June, when the economy expanded by 8.7%.

    The health of “UK PLC” is nowhere near pre-coronavirus levels and has partly bounced back due to pent up demand and growth in sectors such as hairdressers, pubs and restaurants which were allowed to reopen in July. Reopening of restaurants and pubs meant the accommodation and food services sector "rose by a whopping 140.8%" between June and July, according to Thomas Pugh, UK economist at Capital Economics.

    Economic output measured by the value and the volume of goods and services it produces remains at 11.7% lower than it was in February, prior to lockdown restrictions which shut down the economy.

    The alcohol industry which grew by 30%, but billions has been lost in the travel and tourism industry and many restaurants and pubs are struggling to survive with social distancing rules.

    The government are imposing new social distances rules on gatherings after a spike in Covid cases, which is another blow to business.

    Other articles available at Money Tips Podcast - www.moneytipsdaily.com

    UK economy grew by 6.6% in July

    The UK economy continued to recover in July, growing by 6.6%, according to figures. The economy has expanded three months in a row, but remains well below pre-lockdown levels.

    The Office for National Statistics (ONS) revealed that the UK "has still only recovered just over half of the lost output caused by the coronavirus", the BBC reports.

    Whilst this is good news, things are far from back to normal. Growth in July was slower than June, when the economy expanded by 8.7%.

    The health of “UK PLC” is nowhere near pre-coronavirus levels and has partly bounced back due to pent up demand and growth in sectors such as hairdressers, pubs and restaurants which were allowed to reopen in July. Reopening of restaurants and pubs meant the accommodation and food services sector "rose by a whopping 140.8%" between June and July, according to Thomas Pugh, UK economist at Capital Economics.

    Economic output measured by the value and the volume of goods and services it produces remains at 11.7% lower than it was in February, prior to lockdown restrictions which shut down the economy.

    The alcohol industry which grew by 30%, but billions has been lost in the travel and tourism industry and many restaurants and pubs are struggling to survive with social distancing rules.

    The government are imposing new social distances rules on gatherings after a spike in Covid cases, which is another blow to business.

    Other articles available at Money Tips Podcast - www.moneytipsdaily.com

    • 6 min
    Tesco drone delivery starting NOW threatening thousands of jobs

    Tesco drone delivery starting NOW threatening thousands of jobs

    Tesco drone delivery starting NOW threatening thousands of jobs

    A Tesco drone delivery trial will start in Ireland dropping off smaller packages at customers' homes within 30 minutes of ordering.

    Drones company, Manna, currently runs medicine delivery trials in Ireland.

    The 50mph drones can deliver 4kg of shopping a mile away in three minutes.

    Amazon made its first commercial drone delivery in the UK in 2016 in Cambridge to a customer within 13 minutes of the order being placed.

    In April 2020, the government announced much larger unmanned aerial vehicles (UAVs) would deliver essential hospital supplies from the mainland to the Isle of Wight. Source: BBC

    How many jobs could drones replace?

    An MIT professor Daron Acemoglu co-authored a new study revealing that each robot added to the workforce has the effect of replacing 3.3 jobs in the U.S.

    PWC report says robots could replace $127 billion of human capital and 50% of all jobs by 2030.

    Delivery drivers, bus drivers, taxi drivers, bank tellers and cashiers, warehouse packers, lawyers, accountants, agricultural workers, prescription pharmacists, tele marketers and call centre workers, and analysts and more are all jobs which can be replaced by robots, drones and AI within the next few years.

    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.netor send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

    • 12 min
    Three reasons why the richest family in the UK have kept their wealth intact for 300 years

    Three reasons why the richest family in the UK have kept their wealth intact for 300 years

    Three reasons why the richest family in the UK have kept their wealth intact for 300 years

    On 9 August 2016, 25-year-old Hugh Richard Louis Grosvenor became the billionaire 7th Duke of Westminster, when his father, Gerald Grosvenor, suddenly died of a heart attack aged 64.

    The Duke and his family are estimated to be worth at least £10.1 billion (US$13 billion), according to the Sunday Times Rich List in May 2019. The exact amount of wealth is difficult to estimate, since most of it is held...

    Full articles and text available at Money Tips Podcast - www.moneytipsdaily.com

    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.netor send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

    • 14 min
    Is the stock market about to crash again? How will a crash affect your pension?

    Is the stock market about to crash again? How will a crash affect your pension?

    Could Wall Street tech stocks sell-offs and poor economic outlook indicate another market correction? Apple 6.7%. Amazon, Facebook and Microsoft dropped by 4%. Dow Jones Industrial Average closed 2.25% lower, S&P 500 fell 2.78% and Nasdaq dropped 2.95%.

    The global economy is expected to shrink by roughly 5% this year, which is huge.

    With Covid-19 showing signs of a return, further lockdowns could stall economic recovery.

    Full articles available at Money Tips Podcast - www.moneytipsdaily.com

    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.netor send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

    • 15 min

Customer Reviews

5.0 out of 5
1 Rating

1 Rating

claycoxxx ,

Top Quality Insights

Started listening today and the points/tips/suggestions are brilliant, definitely worth a listen

Top Podcasts In Education

Listeners Also Subscribed To