425 episodes

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.

Money Tips Podcast Charles Kelly

    • Business
    • 5.0 • 4 Ratings

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.

    Money Tips 365 Day 1 – Live Within Your Means

    Money Tips 365 Day 1 – Live Within Your Means

    Starting March 2024, each day I will be recording a short daily money tip - each day for 365 days.

    You’ll be able to find these tips, wherever you listen to your podcast, as well as my YouTube channel Charles Kelly money tips podcast. 

    Watch YouTube Version - https://youtu.be/6IpIptH76pc

    For those of you who want more in depth exclusive content, I will also be producing a more detailed money tip for my paid supporter subscribers on Spotify. 

    For just £4.99 per month you can access exclusive content for my Money Tips supporters - https://podcasters.spotify.com/pod/show/charles-kelly/subscribe

     

    You couldn’t register to become a supporter on my Spotify channel, using the link in the notes. 

    Live within your means. 

    The fastest way to go broke is to spend money you don’t have, buying things you don’t need, to impress people you don’t like and who don’t give a damn about you!

     

    Look, I get it! We live in a consumer led economy where big business and the government need us to spend money to grow the GDP. But that doesn’t mean you have to spend money you don’t have.

    When singer Rihanna almost went bankrupt, after earning millions and then spending it, she sued her financial advisor who responded:

    “Was it really necessary to tell her that if you spend money on things, you will end up with the things and not the money”.  

    Yes!

     

    Are you converting your wealth or potential wealth for things?

    Do you want to be a millionaire or just spend a million?

    If you don’t live within your means and start saving, you’ll always be short of money or broke.  

     

    For more content, join my Money Tips 365 Supporters Club on Spotify: - 

    https://podcasters.spotify.com/pod/show/charles-kelly/subscribe

    • 3 min
    Smart Money Invests In ASSETS Such As Gold, Silver, Stocks and Property

    Smart Money Invests In ASSETS Such As Gold, Silver, Stocks and Property

    Smart Money Is Buying Assets, Such As Gold and Silver, Stocks and Property, not leaving their money in the bank. 

    Join me online on my free live money management training Wednesday at 8.00PM. Register now ⁠https://bit.ly/3QPp8IH⁠ 

    In the ever-evolving landscape of investment opportunities, the age-old appeal of precious metals like gold and silver remains steadfast. Investors are often confronted with a myriad of choices, ranging from the digital allure of cryptocurrencies to the stability of stocks and the tangibility of real estate. 

    Watch video version - https://youtu.be/KYP1OGVhdMQ

    Before making any investment decisions, make sure you are financially educated ad informed, as well as taking independent financial advice. 

    Where to find me: Money Tips website: https://moneytipsdaily.com/ YouTube Channel: https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6Eg Money Tips Facebook Community: https://www.facebook.com/groups/No1businessopportunities LinkedIn: www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2 For a free gold, investment report, and Discovery Call, click here - https://pure-gold.co/charles-kelly Section 24 See also: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty ⁠https://youtu.be/mtGq7WaVxLA ⁠ 

    Join me online on my free live money management training Wednesday at 8.00PM. 

    Places are limited, so register now below to avoid disappointment. ⁠https://bit.ly/3QPp8IH⁠ #money 

     

    #stockmarket #gold #silver #inflation #money #propertyprices #rent #generationrent #investing

    • 4 min
    Accountant Reveals Section 24 Tax Hike Solutions

    Accountant Reveals Section 24 Tax Hike Solutions

    Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

    Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

    Watch video now: https://youtu.be/aMuGs_ek17s

    In this 45 minute interview we discuss:


    What is Section 24 and when did George Osbourne introduce this tax hike on landlords?
    6 options available to landlords with properties in their own name
    What is classed as a property business and property partnership?
    Ramsay v HMRC (2013) case explained
    Incorporation Relief, Stamp Duty, CGT (Capital Gains tax) and much more…

    Over 29,000 people signed a petition calling on the government to reverse this unfair tax o landlords to no avail.  

    Find out what you can do in this video.

    Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

    #buytoletlandlord #propertyinvestment #section24tax #georgeosborne #financialfreedom #FinancialEquality #FinancialIndependence #money #MoneyManagement #FinancialEducation #SecureYourFuture #TakeControl #FinancialWellBeing #BridgeTheDivide #EqualityInFinance #economy #recession #section24 #section21 #IncorporationRelief #SDLT #StampDuty #CGT #ramsayvHMRC 

    • 39 min
    UK In Recession As Economy Shrinks Again

    UK In Recession As Economy Shrinks Again

    The UK is officially in recession after negative growth of -0.3% in the last two quarters of 2023.

    The economy barely grew last year by 0.1% following inflation, cost of living crisis and high interest rates.

    Inflation remained at 4% this month prompting hopes of a cut in interest rates in March or April.

    The government borrowed £7.8 billion in December and the national debt stands at £2.7 trillion and 97% of GDP.

    UK house prices rose in January according to the Halifax, but ONS figures a small fall in England.

    Financial Education

    In my upcoming free live money training session this Wednesday at 8:00 PM, we'll delve into the factors contributing to the gender pension pay gap and explore actionable strategies to bridge this divide.

    By attending, you'll gain valuable insights into:


    Understanding the root causes of the gender pension pay gap.
    Navigating career breaks and their impact on retirement savings.
    Investing smartly to maximize your pension fund growth.
    Overcoming financial challenges unique to women.
    Empowering yourself to achieve financial freedom and security.

    But that's not all! When you register for the session, you'll also gain access to my free newsletter, delivering regular updates and tips to help you stay informed and in control of your finances.

    Seize this opportunity to take charge of your financial well-being. Don't let the gender pension pay gap dictate your future. Join me this Wednesday and embark on the path to financial empowerment!

    Register now to secure your spot: https://bit.ly/3QPp8IH⁠

    Additionally, check out this informative video on managing your money effectively: https://youtu.be/XDkF9LSpQgk

    Together, let's strive towards closing the gender pension gap and creating a more equitable financial landscape for all.

    Join me online on my free live money training Wednesday at 8.00PM. Register now below to book your seat and get regular money updates through my free newsletter. ⁠https://bit.ly/3QPp8IH⁠ 

    What can you do to manage your money and become financially free?

    Watch video - https://youtu.be/XDkF9LSpQgk

    Buy-to-Let Alternative To Pension Plans

    Buy-to-Let investors pension plans devasted by George Osborne’s Section 24 landlord tax hike.

    See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty t offset Sec 24. ⁠https://youtu.be/mtGq7WaVxLA ⁠

    Where to find me:

    Money Tips website: https://moneytipsdaily.com/

    YouTube Channel: https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6Eg

    Money Tips Facebook Community: https://www.facebook.com/groups/No1businessopportunities

    LinkedIn: www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2

    For a free gold, investment report, and Discovery Call, click here (https://pure-gold.co/charles-kelly)

    Join me online on my free live money management training Wednesday at 8.00PM. 

    Places are limited, so register now below to book your seat and get regular money updates through my free newsletter.

    ⁠https://bit.ly/3QPp8IH⁠ 

    #buytoletlandlord #propertyinvestment #section24tax #georgeosborne #financialfreedom #FinancialEquality #FinancialIndependence #ClosingTheGap  #money #MoneyManagement #FinancialEducation #SecureYourFuture #TakeControl #FinancialWellBeing #BridgeTheDivide #EqualityInFinance #economy #recession #section24 #section21

    • 18 min
    Gender Pensions Pay Gap Hits Women Savers

    Gender Pensions Pay Gap Hits Women Savers

    'Women falling behind men in pension savings due to gender pay gap and career breaks' say Legal and General.

    What can you do to manage your money and become financially free?

    Buy-to-Let investors pension plans devasted by George Osborne’s Section 24 landlord tax hike.

    See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty to offset Sec 24. ⁠https://youtu.be/mtGq7WaVxLA ⁠

    Where to find me:

    Money Tips website: https://moneytipsdaily.com/

    YouTube Channel: https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6Eg

    Money Tips Facebook Community: https://www.facebook.com/groups/No1businessopportunities

    LinkedIn: www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2

    For a free gold, investment report, and Discovery Call, click here (https://pure-gold.co/charles-kelly)

     

    Join me online on my free live money management training Wednesday at 8.00PM. 

    Places are limited, so register now below to book your seat and get regular money updates through my free newsletter.

    ⁠https://bit.ly/3QPp8IH⁠ 

    #buytoletlandlord #propertyinvestment #pensions #genderpaygap #womensavers #section24tax #georgeosborne #financialfreedom #retirementplanning

    • 13 min
    The Psychology of Investment: Unravelling the Emotional Decisions that Drive Financial Success

    The Psychology of Investment: Unravelling the Emotional Decisions that Drive Financial Success

    Investing is often perceived as a rational and analytical process driven solely by numbers and market trends. However, beneath the surface lies a complex web of emotions that can significantly influence investment decisions. Understanding the psychological aspect of investing is crucial for investors looking to navigate the markets successfully. In this article, we delve into why investing is often based on emotional decisions and how recognizing and managing these emotions can lead to better financial outcomes.

    Watch YouTube video version: https://youtu.be/cYE-eY4uulk

     

    Emotional Investing: The Human Factor in Financial Decisions

    Fear and Greed:

    Contrarian investor, Warren Buffett, said: “be fearful when others are greedy and be greedy only when others are fearful”. Fear and greed are two potent emotions that can sway investment decisions. During market downturns, fear can lead investors to sell off assets hastily, fearing further losses. Conversely, in bull markets, greed can drive investors to make impulsive decisions, potentially buying into overvalued assets. Recognizing these emotions and learning to control their impact is key to making sound investment choices.

     

    Aversion to Loss

    The fear of losses can be more powerful than the prospect of gains, a phenomenon known as loss aversion. Investors often go to great lengths to avoid losses, sometimes leading to conservative choices that may hinder long-term growth. Understanding this emotional bias can help investors strike a balance between risk and reward, making more informed and strategic investment decisions. Be self aware, Maybe you have lost in the past due to a poor or uninformed decision and this is making you overly cautious?

     

    The Role of Cognitive Biases in Investment

    Anchoring Bias:

    Anchoring bias occurs when investors fixate on specific reference points, such as past prices or market highs. This fixation can lead to irrational decision-making, as investors may be reluctant to adjust their strategies based on new information. Overcoming anchoring bias involves staying adaptable and reassessing investment decisions in light of current market conditions.

     

    Confirmation Bias:

    Confirmation bias is the tendency to seek out information that supports pre-existing beliefs while ignoring evidence to the contrary. Investors may fall into this trap by only considering data that aligns with their initial investment thesis. Actively seeking diverse opinions and regularly reassessing investment strategies can help mitigate the impact of confirmation bias.

     

    The Importance of Emotional Intelligence in Investing

    Self-Awareness:

    Developing self-awareness is crucial for investors to recognize their emotional triggers and biases. By understanding their own risk tolerance and emotional responses, investors can make decisions aligned with their long-term financial goals rather than succumbing to short-term market fluctuations.

     

    Patience and Discipline:

    Emotional investing often leads to impulsive actions. Cultivating patience and discipline is vital for investors to resist the urge to make snap decisions based on fear or greed. Establishing a well-thought-out investment plan and sticking to it can help investors weather market volatility with confidence.

     

    Your Past Experience, Background and Upbringing.

    Americans spend more money on Lottery tickets than movies, video games, sporting events and books combined. Source: Morgan Housel, The Psychology of Money. 

    The lowest income households spent $412 a year on lottery tickets, four times the amount of people in higher income groups. 

    People buying the most lottery tickets are the same people who cannot come up with $412 in an emergency and are blowing their security on gambling with a ‘million to one’ shot of ever winning. 

    We can criticise the poorest in society for giving up security of having money in the bank for a one in a million chance of hitting the jackpot, but people make buyi

    • 19 min

Customer Reviews

5.0 out of 5
4 Ratings

4 Ratings

Eric Heize ,

Real Practical and Contstructive Advise

Charles has a way of conveying infromation in such a laid-back manner with a clear choice of words to appetise everyone's need of this much-needed info.
His podcasts has given me food for thought and truly have impacted in my professional life and career once implemented.

I can't recommend Charles enough.

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