How To Make 2023 Your Best Year Ever!

How To Make 2023 Your Best Year Ever!

 

For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.

As we enter the Christmas season and that break for most people between Christmas and New Year, it’s a perfect time to sit back and reflect on the year gone by.

 

·        How was 2022 for you?

·        Did you reach your goals?

·        If not, did you reach milestones?

·        Did your wealth go up or down?

·        Has your income increased?

 

It’s also a good time to think about what you can do to make 2023 your most successful year ever.

 

Watch YouTube video: https://youtu.be/MtjrNNXHM5k

 

Despite all the doom and gloom, recession and inflation, there are always opportunities.

 

Falling house prices, potential stock market crash and a shortage of labour are just three of the many opportunities there right now to increase your wealth.

 

Think about your goals, aims and ambitions for the coming year and write them down. 

 

·        How can you improve your life and happiness?

·        How can you increase your income?

·        How can you save more money?

·        How can you manage your budget?

·        How can you increase your financial knowledge to make better investment choices?

 

It’s never too late to learn how to make more money, save and invest to increase your wealth over time.

 

That’s why I’m including a link to my free training to help you manage your money the smart way.

 

Make 2023 your best year ever!

 

Remember this moment as the moment you decided to change your life forever. Make the rest of your life the best of your life

 

Charles Kelly Money Tips Podcast wishing you a Merry Christmas and a happy New Year to you and all your family.

 

See also:  

• Transfer Property To A Limited Company WITHOUT Paying Capital Gains Tax or Stamp Duty Tax - https://youtu.be/mtGq7WaVx
• Making Tax Digital – MTD Means More Red Taper Ahead For Weary Landlords - https://youtu.be/mYhJSCbOGLE
• 10 Tips To Avoid Christmas Debt - https://youtu.be/n7vSK5LlONU

The rich and successful have coaches and mentors, and never stop learning.

For more tips and money-making ideas and coaching see Master Your Money the S.M.A.R.T Way training.  

 

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Trouble ahead for UK Landlords

Trouble Ahead For UK Landlords As Section 21 ‘No Fault Evictions Will Be Abolished

In this episode:

·        Renters Reform Bill announced in Parliament.

·        Planning reform

·        Property prices

·        Demand has jumped for properties where all the bills are included in the rent, according to Rightmove.

·        The property website said inquiries for build-to-rent homes with bills included had risen by 36% over the past year.

·        It comes as two students had to pay £27,000 up front to secure a Cardiff flat, due to rental market demand.

·        The Welsh government plans to consult on rent control for private rentals.

·        Rents are rising at the fastest rate for more than 13 years, according to property experts Zoopla. They said this is because of limited supply, caused by an "exodus" of private landlords.

·        Last month, Wales had the biggest annual jump in rental prices outside of London - up 13.9% to £882 per month according to Rightmove.

Watch video version - https://youtu.be/_QpXWoYmG3U

The vast majority of 'buy-to-let' landlords are small investors with one or two properties, and many are accidental landlords. Landlords I have spoken to said they would pull out of the market if 'open tenancies' were forced upon them and would be too nervous to rent out a property to a tenant were they would not be sure about getting back possession at the end of the tenancy.

Open House South Herts is advertising cheap property deals in the north of England from just £30,000 asking price with yields of between 10 and 15%. – see https://www.facebook.com/estateagentswatfordelstreeandborehamwood

Banks not passing on interest rate rises to savers!

See: video  - https://youtu.be/5Z1DVXkCcfo to see what can you do to make more of your savings.

Make your money work harder for you…See: 6 Tips to get on the property ladder - https://youtu.be/F4spqKpYZo4

Learn how to get started as a first-time property buyer.

A slowdown in the property market means more opportunities for buyers and investor!

Find out more about property investing.

You can learn the secrets of professional property investors who have built huge portfolios with other people’s money.

FREE TRAINING – BEGINNERS PROPERTY SECRETS

This Beginner Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up.

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Thank you for your support!

 

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Broke immigrant to millionaire!

During the last 20 years, I’ve met thousands of successful people have who migrated to the UK, but the person sticks out in my mind is someone who was not only broke when I met her, but also deep in debt with a terrible credit history.

 

She was an immigrant to this country who came here with nothing to declare except a burning ambition to succeed.

 

There was something about her that told me that she had a powerful hunger and desire to build a better life for herself and her daughter.

 

Although she had always worked hard, she instinctively knew that hard work alone was not enough.

 

After I started mentoring her and gave her 3 steps to follow, this single mum got herself together and changed her money habits.

 

3 steps to financial success

 

Step 1 Where are you now?

 

We took stock of exactly where she was, what money was coming in and where it was going. Most people have no idea “where it all goes”.

 

Step 2 Planning

 

Having established where she was, we started planning her financial journey out of debt and towards financial freedom. Most people have no plan, no roadmap and simply live week-to-week.

 

Step 3 Financial education

 

The next step was education. She took on board financial education and learned fast! She learned how to start accumulating and attracting money and use other people’s money (OPM) to become financially free.

 

This student was very teachable and eager to learn. Whereas a lot of people say, "I can’t do that" or “it can’t be done” and “only the rich can do that”, she would take instruction on board and say, "done that, what next?"

 

I was proud of her achievements but cannot take full credit. I may have pointed her in the right direction, but she took the action. She did not just sit around chanting and waiting for the ‘universe’ to send her money in the post.

 

In the following 5 years she built up over £1 million in property and business assets

 

She worked hard of course, no harder than she would have plodding along in a job for 40 years.

 

Yes, she had to put in a bit of extra effort at the start, but that saved her years of work, and enabled her to retire young to pursue her passion in politics and charity work.

 

She also paid to educate her nephew and niece by sending them to university back home. They became nurses and she helped them get jobs here for the NHS - a passport to a lifelong stream of income!

 

With the best intentions in the world, she could never have done all this without money.

 

Enjoying the fruits of your success.

 

Being financially free meant she had choices in life. The opportunity to travel when she wanted to, meet friends for lunch or go shopping for the day with the girls.

 

Time freedom to enjoy with her family without having to ask permission from her boss.

 

 She was also able to exchange her old Nissan Micra for a shiny new Porsche!

 

However, she only bought a new car when she had built up capital and passive income from property and business assets to be able to afford it.

 

The car was an outward expression of her wealth, but the real wealth was in her property and business.

 

The UK is open for business and encourages entrepreneurship. Starting a limited company is simple with far fewer restrictions than other European countries. Non-UK citizens are also allowed to own property and businesses.

 

Of course, she is not alone in the millions of immigrants who have hunger and passion to succeed. There’s something about the character of a person who leaves everything behind to make a new life abroad. British migrants have done extremely well in Australia, Canada and America.

 

If someone can come here starting with nothing, with no money, no local knowledge or contacts, as well as a language barrier and still make it, anyone can.

Property Investing Secrets - Discover the ultimate beginners' guide to property in 2021 With my friend and property expert Kevin McDonnell.

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95% Mortgages Are Back! Property News

Property News - 95% Mortgages Available NOW Government Announces

The UK government has announced the launch of a new 95% mortgage scheme.

·        95% mortgage guarantee launches today, available on high streets across the country

·        Scheme part of a range of ownership options to help make home ownership a reality

·        New figures show demand for home ownership has soared during lockdown, with nearly 80% of private renters now saving for a deposit

A new government-backed mortgage guarantee scheme, announced in the March Budget, to help people with 5% deposits get on to the housing ladder will be available to lenders from today 19 April 2021, a spokesperson confirmed.

The scheme will help BOTH first time buyers AND current homeowners obtain a mortgage with a 5% deposit to buy a house of up to £600,000 – offering a route to home ownership to those with low deposits.

For more details see https://homebasedbusinessideasuk.blogspot.com/2021/04/property-news-95-mortgages-available-now.html

The government is essentially giving lenders the guarantee they need to provide mortgages that cover the other 95%, subject to the usual affordability checks. In the past, insurance companies provided this guarantee for a premium.

The scheme is now available from major high street lenders across the country today, including Lloyds, Santander, Barclays, HSBC and NatWest and Virgin Money following next month.

In 2019, the government made a pledge to build 300,000 new and attractive homes a year with an investment of over £12 billion in affordable housing over the next 5 years – the largest investment in a decade.

Since 2010, more than 687,000 households have been helped into home ownership through government schemes, but when asked, 69% of private renters and 63% of those living at home who had looked into a mortgage said they cannot find many mortgages with a low deposit.

The guarantee scheme is one of a range of flexible home ownership options available including:

·        Help to Buy

·        Shared Ownership

·        First Homes Scheme.

Figures show that the number of mortgage approvals for house purchases in January 2021 was 99,000 – a 40% increase on January 2020.

The government has helped over 685,000 households to purchase a home since 2010 through government backed schemes including Help to Buy and Right to Buy.

Taxpayers will bail out banks if loans default and they lose money

The higher the loan-to-value, the higher the risk for lenders, as borrowers have less skin in the game and can walk away in the event of a property crash or negative equity.

The mortgage guarantee scheme provides lenders with the option to purchase a guarantee on the top-slice of the mortgage, which means the government will compensate the mortgage lender for a portion of any net losses incurred in the event of repossession. In other words, the guarantee applies down to 80% of the purchase value of the guaranteed property.

The guarantee will be valid for up to 7 years after the mortgage has started and evidence shows that loans are unlikely to default after this time.

However, the scheme is intended as a temporary measure and will be open for new mortgage applications from April 2021 to December 2022.

Lenders can still pursue you for losses after you have been repossessed if they do not get their money back on a ‘forced sale’ – usually at auction.

The government said the current scarcity of high loan-to-value lending is a response to the pandemic rather than a symptom of a longer-term structural change in the mortgage market.

The government will review the scheme towards the planned end date to determine whether extending the period of eligibility for new mortgages would continue to deliver benefits for prospective buyers.

The stamp duty holiday comes to an end in June, prompting fears of a slowdown in the property market. The new guarantee scheme could push prices to new record highs making it more difficult for first-time-buyers to get on the property ladder. 

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Hong Kong residents buy up UK properties ahead of expected immigration surge

Hong Kong residents bought four times as many luxury London properties in the previous year amid an expected immigration surge, The Telegraph reports.

Property buyers from Hong Kong snapped up 8% of luxury homes sold in London's wealthiest areas in 2020, according to a report by Hamptons International – 400% UP on 2019’s figure.

Wealthy HK investors became the joint second most common buyer nationality in Prime Central London, along with Middle Eastern buyers and behind those from the EU, the estate agent said.

The moves follow the Government’s new visa pathway for Hong Kong residents opened in January, following China’s tightening of national security laws.

Hong Kong’s British National (Overseas) passport holders are eligible to apply for a special visa giving them the right to work and study in the UK for up to five years. At the end of this period, they will be able to apply for settlement, and seek citizenship after a further year.

Mortgage guarantee to help buyers with 5% deposit

A new ‘mortgage guarantee scheme’ to help people with small deposits obtain a higher ‘loan-to-value’ mortgage to get on the property ladder has been announced in the budget.

Government incentives to lenders to bring back 95% mortgages will help new migrants get on the property ladder.

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Money Tips News Round Up Friday 19 February 2021

Money Tips News Round Up Friday 19 February 2021

v  UK government borrowing soared to £8.8bn in last month

v  Uber Drivers are “NOT self-employed, Supreme Court Rules

v  Free Property Training For Money Tips Followers – Could 2021 Be Your Year?

UK government borrowing soared to £8.8bn in last month, the highest January figure since records began in 1993, reflecting the cost of pandemic support measures.

Annual borrowing for the financial year reached a whopping £270.6bn, £222bn more than a year ago, said the Office for National Statistics (ONS).

This is the first time in 10 years that more has been borrowed in January than collected in taxes and other income. January is usually a bumper revenue-raising month, as taxpayers submit their self-assessment returns.

Tax income plummeted by less than £1bn, while the British government splashed out £19.7bn more than last year on measures such as furlough.

The spending of taxpayer’s money, QE and borrowing will eventually have to be repaid through higher taxes or increased economic activity if the lockdown is lifted quickly. As retail sales fell through the floor last year, Conservative backbench MPs are putting pressure on the government to ease lockdown restrictions and open up the economy by Easter.

Uber Drivers are “NOT self-employed, Supreme Court Rules

Landmark ruling will have far reaching repercussions for the GIG economy and taxation of businesses which “employ” staff on “self-employed” basis.

Free Property Investing Summit For Money Tips Followers

Could 2021 make you a property millionaire?

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?

Sunday 21 February 2021 10am

Property Revolution Summit: Discover How Educated Investors Are Using Revolutionary Strategies to Maximise Profits

As the UK is in the midst of coming out of the lockdown (hopefully soon!), this next transition could be the most important of your property investing career: It's not just a change, it's a REVOLUTION.

We know you will be full of uncertainty and confusion in most things right now, but we want you to know that property does not need to be a stress or a burden.

How can you slice through the white noise of everyone else and build relationships with estate agents and secure the deals you want?

These next few months could set you up for life if you are educated and knowledgeable in how to leverage it. This small window of opportunity won’t be around forever.

We are constantly monitoring the ever-evolving property industry, we are going to show you how to get better deals than everyone else. When £10,000’s is on the line, it’s no time to take it slow.

With many people struggling to know if property is the right industry to be in or to even get into, others may be wondering where to go now on their property path...

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They will cover:

·        What you need to know, do & avoid urgently during these unprecedented times in the property industry

·        How to Absolutely maximise the next 90 days & take the (hidden) opportunities

·        An exclusive mindset session to help you be first and fastest and strongest as the lockdown lifts

·        The upcoming summer strategy for 2021 - Serviced Accommodation

·        The property strategies that are working NOW that most of the world have not yet figured out

·        Where & how to invest in the new property climate & make 2021 your best year

·        NEW cashflow strategies

Don't wait, claim your place now!

Could 2021 make you a property millionaire?

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Fines issued to property landlords under right to rent rules

Fines for immigration breaches were imposed on 62 property landlords between February and Sept last year under Home Office ‘right-to-rent’ rules, the Press Association has revealed.

The Right to Rent rules requires landlords or householders to obtain evidence that tenants or lodgers have a right to be in the country by taking copies of official documents such as passports or identity cards. Failure to do so can lead to fines of up to £3000.

The data on Home Office civil penalties levied for letting to tenants or lodgers without the right to rent were reveled following a Freedom of Information request.

The level of fines i ranged from £80 to £3,000, with most relating to one or two tenants, with three cases involving three tenants.

Despite the reports of 62 fines, it should be remembered that there are around 2 million buy-to-let landlords in the UK who provide accommodation for the private and public sector, for instance through private sector leasing or accommodation for homeless families.

Some investment experts (like stockbrokers and bankers who sell shares) claim that the stock market offers the best returns, but where else can you use 80% leverage or loans to purchase investments which gives a healthy yield and capital growth over the longer term? 

Put another way, will your bank lend you £80,000 to buy shares or even their own managed unit trusts and pension funds? To save you time and embarrassment from being laughed out of the bank, I'll give you the answer: "NO"! Why? Because it's too "risky" they will say. Try asking them.

Too risky for them to lend on, but not for their financial advisers to sell you to save for your retirement! They will lend on property on a buy-to-let investment at rates starting at LESS than 2%. 

You pay one fifth of the price of a property, the bank lend your four fifths and the tenant pays off 100% of the loan.

The UK is an attractive place to work, start a business or buy property - even with no money down, with no restrictions on foreign buyers and a vibrant mortgage market with record low interest rates. Leading economists predict that, despite Brexit, house prices will continue rising due to shortages of stock and strong demand in the rental sector.

If you would like to learn more about investing in UK property, I have a limited number of complimentary tickets to a LIVE EVENT  - Beginners Property Course (held in the UK), which will give you the basic knowledge and techniques to get started. If you are interest, email me your full name and telephone number to euukimmigration@gmail.com.

See also:

Turn Your Passion into Profit

Cyprus, the fastest route to EU citizenship and European passports for you and your family

How will UK Immigration changes on 6 April affect you?

Rents rise as young first-time buyers struggle to get a foot on the UK property ladder, but there is help available

UK Visa £1,000 Immigration Skills charge on Tier 2 working Visas starts 6 April 2017

The new Immigration Skills Charge for large numbers of Tier 2 holders will come into force from 6 April 2017.  The Home Office levy will be imposed on UK employers holding Tier 2 sponsorship licences employing non-EEA migrants on Tier 2 working visas.

UK Home Office

The Guardian recently reported that the skills levy on foreign workers could be extended to EU and EEA migrants post Brexit in order to reduce immigration and encourage employers to hire British workers first. Britain’s policy on European migrants resident in the UK has yet to be decided and will probably form part of ongoing negotiations once article 50 has been triggered later this month.

Net migration to the UK fell by 49,000 last year following the Brexit vote, but more likely due to earlier curbs on immigration. Meanwhile, thousands of EU citizens are applying for UK passports and Indefinite Leave to Remain (permanent residence) in the panic to beat possible Home Office restrictions.

The UK Immigration Minister, Robert Goodwill, has stated that that British businesses were over reliant on migrant labour and said that an apprenticeship levy would be put in place later in 2017, in order to help meet the government’s pledge to train more than three million apprentices prior to the 2020 general election.

Mr Goodwill said: “In April this year we are also bringing in the immigration skills charge for non-EEA skilled workers. If you want to recruit an Indian computer programmer on a four-year contract on top of the existing visa charges and the resident labour market test there will be a fee of £1,000 per year.

“So for a four-year contract that employer will need to pay a £4,000 immigration skills charge. That is something that currently applies to non-EU and it has been suggested to us that could be applied to EU.”.

In excess of 16,000 EU citizens were granted UK citizenship last year, indicating that despite Brexit and all the 'doom and gloom' predictions many Europeans want to remain living in Britain.

The UK is an attractive place to work, start a business or buy property, with no restrictions on foreign buyers and a vibrant mortgage market with record low interest rates. Last week, a leading mortgage lender announced that it was introducing a fixed rate mortgage with an interest rate of .99%.

If you would like to learn more about investing in UK property, I have a limited number of complimentary tickets to a LIVE EVENT  - Beginners Property Course (held in the UK), which will give you the basic knowledge and techniques to get started as a property investor. If you are interest, email me your full name and telephone number to euukimmigration@gmail.com.

See also:

Fines issued to landlords under right-to-rent offences

Turn Your Passion into Profit

UK population will hit 70 million bringing fears and opportunities

The population of the UK will soar to over 70 million and become the largest in Europe by 2050, bigger than France and Germany, due to an ageing population and immigration, according to the Office for National Statistics (ONS).

ONS figures show there has been more births than deaths in every year since 1976, which combined with a net migration increase over around 250,00 per annum has swelled the UK population to 65 million. By 2045 the population will reach 76 million experts predict.

Over 65's will hit 25% in 30 years

The age time bomb is an issue all over Europe and a quarter of the UK population will be over 65 within the next 30 years. The current generation does not appear to be as prudent as their predecessors when it comes to saving, with millions holding less than £100 in the bank and going through life in perpetual debt. 

Increasing life expectancy is another factor in the population increase, as people live longer, due to improved healthcare and lifestyles, and will be drawing their state pension for many more years than the schemes were expected to run. In future, Girls born in 2015 are expected to live 82.8 years from birth, and boys to 79.1 years. 

The proportion of people aged over 65 has increased from 14.1 per cent in 1975 to 17.8 per cent in 2015 - which means there is a lower proportion working people paying taxes to support pensions and healthcare for the elderly - and the is projected to reach a quarter of the population by 2045.

There will be an extra 10 million over 65s in 2045 than there were in 1975 - accounting for over half of the population growth seen in that period.

The UK will have a larger population than any European Union country by 2050, at 77 million, according to Eurostat. The UK is the third biggest country, after Germany and France, which has falling birth rates and an ageing population.

The proportion of working citizens is projected to fall as a result of the growth of the ageing population, which has huge implications for pensions, housing and employment.

Immigration to the UK and overall net migration has helped boost the population by 250,000 per year over the last two decades, which did fall slightly last year. In 2015, 631,500 people immigrated to the UK, while emigration was 299,200. 

Opportunities and fears

A growing population is good for the economy as it can mean that there are more people available to participate in the workforce and provide jobs in service sectors such as healthcare and leisure.

However, an ageing population will lead to strains on the NHS and other public services. Estimates show there were 308 of a pensionable age for every 1,000 people of a working age in 2016 - and this figure is projected to increase to 365 in 2037. 

When releasing the data, the ONS said: "While living longer is a cause for celebration, an ageing population may result in fewer people of working age to support those of pension age.

"This increase means that there will be fewer people of working age to support a larger population over State Pension age. While a larger population increases the size and productive capacity of the workforce, it also increases pressure and demand for services such as education, healthcare and housing."

In the government White Paper, Housing Minister Gavin Barwell admits that the housing system is broken and wants the country to build hundreds of thousands of new homes every year to cope with demand and the current shortage. In order to build, employers will need skilled labour, which means workers from the EU will still be in demand. In turn, this initially creates more housing demand.

More houses will be needed

Last year, 16,000 EU citizens were granted UK citizenship, indicating that despite Brexit many Europeans want to remain living in Britain.

The reason people migrate here is because the UK is an attractive place to work, start a business or buy property – no restrictions on foreign buyers - a vibrant mortgage market with record low interest rates.

See also:

Uber offering free English courses to migrant worker drivers

EU nurses coming to the UK drops by 90% since Brexit

Immigration Act 2016 - main highlights in a nutshell

Minimum Salary for Tier 2 Work Permits to Rise to £30,000 as UK Immigration gets Tougher for Non-EU Migrants

7 Steps to Making Money Online with Amazon

Minimum £18,600 income for foreign spouses lawful "in principle", Supreme Court rules 

Free CD SET - UK BUY TO LET BOOM 

UK net migration drops but immigration from Romania and Bulgaria soars to record levels

UK net migration fell by 49,000 to 273,000 in the year to September 2016. Office for National Statistics (ONS) figures reveal.

This is the first time in two years that the net migration figure - the difference between the number of people arriving and leaving the UK - had dropped below 300,000.

Overall immigration to the UK is estimated to be 596,000 – made up of 268,000 EU citizens, 257,000 non-EU citizens and 71,000 British citizens.

Whilst EU immigration from several countries fell, record numbers of Romanians and Bulgarians - 74,000 – came to live in the UK.

Around 323,000 people may have left the UK, slightly up on the previous year by 26,000.

The levers are estimated include 128,000 British citizens, 103,000 EU citizens and 93,000 non-EU citizens, although exact figures for legal and illegal immigration in the UK are almost impossible to calculate.

Anglicising the figures, BBC Home Affairs Correspondent, Dominic Casciani, said:

“Net migration is down. But while the net decrease looks substantial, nobody can say for sure what's triggered the change because these quarterly figures could have been influenced by a string of short-term factors.

“For a start, there appears to have been a rise in emigration - and when that goes up, net migration can come down.

“Secondly, some of the change could be down to seasonal fluctuations in student numbers.

“Thirdly, although there were significant departures by people from some parts of Eastern Europe, the number coming from poorer Romania and Bulgaria went up.”

In summary, the overall number of people arriving to work in the UK is about the same as previous years. The UK still has jobs, while other EU countries, such as Romania, Bulgaria, Spain, Italy, Portugal and Greece all have high levels of unemployment.

Over 16,000 EU citizens were granted UK citizenship last year, indicating that despite Brexit many Europeans want to remain living in Britain.

The UK is an attractive place to work, start a business or buyproperty – no restrictions on foreign buyers - a vibrant mortgage market with record low interest rates.

See also:

Minimum £18,600 income for foreign spouses lawful "in principle", Supreme Court rules

UK Visa £1,000 Immigration Skills charge on Tier 2 working Visas starts 6 April 2017

Free CD SET - UK BUY TO LET BOOM