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Category: BUSINESS DEBT

Thu, August 24, 2023 / Andrew Jones

Local Housing Allowance (LHA) is a Major Cause of Homelessness & Suicide

** Disclaimer**

This article is sensitive, caution is advised because the wording ‘Suicide’ & ‘Homelessness’ is mentioned more than once. We have linked suicide help and support links towards the end of this article. If you are in distress you must contact emergency services or go to A&E or ER.

Content:

  • Understanding Local Housing Allowance (LHA)
  • The impact on families
  • Addressing the issue
  • Why is local housing not in line with the current rates of inflation
  • Impact on Mental Health & Rise of Suicide?
  • Rent Increases
  • Renter Reform Bill
  • Shelter Recommendations
  • Final Notes
  • Health & Wellbeing Useful Links

Homelessness charity Shelter identified the previous LHA freeze until March 2023 as a major cause of more families facing homelessness.

Homelessness is a pressing issue that affects communities worldwide, and families are often among the most vulnerable demographic. In recent years, the role of housing policies in exacerbating family homelessness has come under scrutiny. One significant factor contributing to this crisis is the Local Housing Allowance (LHA) system. While designed to provide financial support to low-income households, the LHA has inadvertently become a major cause of families facing homelessness.

Understanding Local Housing Allowance (LHA)

The Local Housing Allowance is a system used in some countries, including the United Kingdom, to determine the amount of housing benefit or housing support a low-income household is entitled to. Rather than basing this support on actual rent prices, the LHA sets a maximum limit based on local market rents. This fixed cap often fails to reflect the actual cost of housing in high-demand areas, leading to a mismatch between the support provided and the real cost of renting a home.

The Impact on Families

While the intention behind LHA is to offer a safety net for families in need, it frequently falls short due to several key reasons:

1. Soaring Rental Costs: In areas where the demand for housing is high, rental costs can quickly surpass the LHA cap. Families are then forced to choose between spending a significant portion of their income on rent or seeking more affordable housing options, which are often located far from schools, jobs, and essential services.

2. Limited Availability: Affordable rental properties within the LHA cap are often scarce, leaving families with fewer choices. The competition for these properties drives up demand, which can lead to landlords being selective in their choice of tenants, disadvantaging families with low incomes or rental histories that are not ideal.

3. Unpredictable Rent Increases: Even when a family secures housing within the LHA cap, there’s no guarantee that their situation will remain stable. Landlords can raise rents over time, and if these increases exceed the LHA cap, families find themselves struggling to cover the shortfall.

4. Eviction Risk: Families unable to meet their rental obligations due to the gap between LHA and actual rents are at a high risk of eviction. This instability can be especially damaging for children, disrupting their education, social connections, and overall well-being.

5. Increased Reliance on Temporary Accommodation: The failure of LHA to cover housing costs often results in families being placed in temporary accommodation, such as homeless shelters or emergency housing. These arrangements are meant to be short-term solutions but can become prolonged due to the difficulty of finding suitable, affordable housing.

Addressing the Issue

To tackle the issue of family homelessness exacerbated by the Local Housing Allowance system, comprehensive reforms are necessary:

  1. LHA Adjustment: Regularly update the LHA cap to reflect current market rents accurately. This could be based on real-time data rather than relying on periodic adjustments that might lag changing market conditions.
  2. Targeted Support: Implement measures that specifically address the needs of families. This could include allocating additional funds for families with children to cover the higher costs associated with raising a family.
  3. Preventative Strategies: Invest in preventative measures, such as mediation services to help families at risk of eviction negotiate with landlords or programs that provide financial counseling to help families manage their housing costs.
  4. Affordable Housing Initiatives: Increase the availability of genuinely affordable housing units in high-demand areas. This could involve collaborations between government agencies, non-profit organizations, and private developers.
  5. Tenant Rights and Protections: Strengthen tenant rights to ensure families are not unfairly evicted due to rental increases beyond their control.

So why is the government not doing anything about it and why are more and more people developing mental health issues or their mental health deteriorating due to the direct strain of housing and financial difficulties because of greedy landlords and bureaucratic red tape?

Why is local housing not in line with the current rates of inflation and the impact on Mental Health & Suicide?

The Stagnant Local Housing Allowance: A Challenge in the Face of Inflation and Rising Rents

In recent years, the issue of affordable housing has gained significant attention as rental prices continue to climb, making it increasingly difficult for individuals and families to secure suitable accommodation. One crucial lifeline for those struggling to cover housing costs is the local housing allowance (LHA), a welfare payment designed to aid low-income households in affording rental accommodations. However, a growing concern has emerged as local councils have failed to increase the LHA in tandem with the rate of inflation and the surge in rents imposed by landlords.

The local housing allowance is a vital support mechanism that ensures vulnerable individuals and families have access to safe and adequate housing. Its purpose is to bridge the gap between what people can afford and the ever-increasing cost of rental properties. Ideally, the LHA should be adjusted annually to reflect changes in the economy, including inflation and fluctuations in rental prices. However, the reality paints a different picture, with many local councils neglecting to make necessary adjustments.

Several factors contribute to this discrepancy between rising rents and stagnant local housing allowances. One key challenge is the broader economic landscape, which affects the financial resources available to local councils. Budget constraints and competing priorities often force councils to make difficult decisions about where to allocate funds. Unfortunately, the LHA might not always be at the forefront of these discussions, leaving it underfunded and out of touch with the real cost of living.

Furthermore, the dynamics between landlords and tenants play a role in this issue. Landlords, motivated by market demand and seeking higher profits, can raise rents as they see fit. When the local housing allowance fails to keep pace with these increases, it puts vulnerable tenants in an incredibly precarious position. They are left struggling to cover the widening gap between their housing allowance and the actual rental costs, often facing the threat of eviction or homelessness.

The lack of alignment between the local housing allowance and the rising cost of living also has broader societal implications. Families forced to spend an increasing portion of their income on housing may have less money available for other essentials like food, education, healthcare, and transportation. This financial strain can lead to a cycle of poverty, impacting the overall well-being of individuals and communities.

To address this pressing issue, a collaborative effort is required on multiple fronts. Local councils must prioritize the regular review and adjustment of the local housing allowance to ensure it remains relevant to the current economic landscape. Advocacy groups, nonprofits, and social welfare organizations can play a crucial role in raising awareness about the impact of inadequate housing support and putting pressure on policymakers to take action.

Moreover, creating policies that incentivize affordable housing development can help alleviate the pressure on the rental market. This might involve working with landlords to encourage reasonable rent increases, as well as investing in the construction of affordable housing units.

The disparity between the local housing allowance and the rising cost of renting presents a critical challenge for low-income households. To mitigate the effects of this issue, local councils, policymakers, and community stakeholders must collaborate to ensure that the LHA is regularly adjusted to reflect inflation and changes in the rental market. Only through proactive measures can we safeguard the well-being of vulnerable individuals and families, providing them with the opportunity to access safe and stable housing without sacrificing other essential needs.

Impact on Mental Health & Rise of Suicide

An estimated 741 deaths of homeless people in England and Wales were registered in 2021, with a 95% confidence interval of 658 to 824 estimated deaths.

Deaths of homeless people in England and Wales – Office for National Statistics (ons.gov.uk)

NHS

The NHS is already under a lot of strain. Councils and Landlords are causing mental health issues due to increasing rents exponentially.

The NHS is facing a lot of strain because of the influx of mental health disorders due to the cost of living price rises. A report by the NHS Confederation says that mental health services are struggling to meet the demand for support caused by the COVID-19 pandemic and the cost-of-living crisis, which can lead to stress, anxiety, isolation, and low mood. Another report by NHS Providers says that 8 million people in England cannot get specialist help because they are not sick enough to qualify and that the mental health budget needs to increase by at least £2.85bn from next year. The Guardian also reports that the number of patients who have received hospital treatment for mood disorders in England has decreased by a third in five years, due to a shortage of mental health beds. The BMA also highlights that the NHS has been facing years of inadequate planning and chronic under-resourcing, which affects its ability to cope with the pressures.

Even Martin Lewis (MoneySavingExpert.com) has admitted money and mental health do not mix: ‘I’ve had my dark days.’ Why Martin Lewis Knows Mental Illness and money don’t mix | Mental health | The Guardian

Mental Health & Suicide

The Silent Crisis: Mental Health and Suicide Surge Linked to Inadequate Local Housing Allowance

A quiet crisis has been brewing beneath the surface of society, one that is directly tied to the skyrocketing cost of living and the failure of local housing allowances to keep pace with inflation. The harrowing consequences of this issue are becoming increasingly evident, as mental health struggles and suicide rates surge among vulnerable populations who find themselves trapped in a cycle of financial instability and housing insecurity. Alcohol Abuse is on the rise: Alcoholism Symptoms And Warning Signs – Addiction Center

The local housing allowance, a crucial component of the social safety net, was designed to provide a lifeline for low-income individuals and families, ensuring that they have access to affordable housing. However, as the cost of living continues to rise and the gap widens between rental prices and the allowance provided, a growing number of people are finding themselves in untenable situations.

The Cost of Living Crisis: A Ticking Time Bomb for Mental Health

With inflation outpacing the adjustments made to local housing allowances, many individuals relying on these benefits are struggling to make ends meet. The cost of rent, utilities, and basic necessities now often exceeds the financial support they receive, forcing them to choose between paying the bills and putting food on the table. This financial strain is a breeding ground for stress, anxiety, and depression, which can have devastating effects on mental health.

As families are rendered homeless due to the lack of affordable options, feelings of hopelessness and despair escalate. The toll on mental well-being is exacerbated by the sense of helplessness in the face of a seemingly unbreakable cycle of poverty and housing instability.

Rising Suicide Rates: A Disturbing Consequence

Tragically, the inadequacy of local housing allowances and the rise in living costs are not just affecting mental health—they’re also contributing to a surge in suicide rates. The strain of financial hardship, coupled with the emotional toll of housing instability, can push individuals to their breaking point. The feeling of being trapped with no way out can lead to a sense of desperation that is difficult to comprehend for those who haven’t experienced it firsthand.

Researchers and mental health professionals are sounding the alarm about this alarming trend. The connection between economic hardship and mental health struggles, including suicidal ideation, is well-documented. The inability to secure stable, safe housing amplifies these challenges, creating a deeply concerning feedback loop.

A Call to Action

Addressing this crisis requires a multi-faceted approach. First and foremost, there is an urgent need to reevaluate and adjust local housing allowances to be in line with the real costs of living. A dynamic system that takes into account regional variations and inflation rates is essential to ensure that vulnerable individuals and families are adequately supported.

Furthermore, investment in mental health support services is paramount. Providing accessible counseling, therapy, and crisis intervention resources can be a lifeline for those facing the darkest moments of their lives. Financial education and job training programs can also help empower individuals to break free from the cycle of poverty and instability.

The rise of mental health struggles and suicide rates due to the inadequacy of local housing allowances is a pressing issue that demands immediate attention. As a society, we must recognize the intertwined nature of housing, economics, and mental health, and take decisive action to provide relief to those who are suffering. Only through collaborative efforts can we hope to reverse this distressing trend and create a brighter, more stable future for all.

Rent Increases

Many private landlords will be increasing rents in response to the increase in mortgage interest rates. However, there are quite a few who do not realize there is a rent cap and think they can charge what they want. Limit on annual rent increases 2023-24 (from April 2023) – GOV.UK (www.gov.uk)

Such landlords will be made to reimburse the difference of the government guidelines if found guilty. A tenant should dispute their rent with the landlord or agency first before taking further action.

Fewer properties are becoming unavailable to those on low incomes. As a result, households are struggling to pay their housing costs exacerbating the cost of living crisis with many having to go without meals to pay their bills.

Renter Reform Bill

Tenants should be protected from no-fault evictions and according to Polly Neate, chief executive of Shelter, said: “The government is failing renters by stalling on the Renters Reform Bill. For each day that MPs are off on their six-week summer break, another 172 families will be hit with a no-fault eviction notice – giving them just two months to pack up and leave their homes”.

https://cymrumarketing.com/renters-reform-bill-to-abolish-section-21-no-fault-eviction-notices/

Shelter Five Recommendations

  1. Local Housing Allowance (LHA) should be restored to cover at least the cheapest 30% (i.e. bottom third) of local rents. The government should make this a priority measure for tackling the cost of living crisis to avoid a wave of homelessness.
  2. LHA rates should be re-linked to the cost of renting in future years to keep them in line with at least the 30th percentile as the private rental market fluctuates.
  3. The household benefit cap must be abolished or, at the least, its level should be urgently reviewed before the end of 2022 as recommended by the Work and Pensions Select Committee.
  4. The data used to determine LHA should be reviewed, particularly regarding whether The current determination of the 30th percentile is an accurate reflection of the cost of modest homes.
  5. In the longer term, there must be investment in a new generation of social housing, with rents pegged to local income. This is the only truly affordable tenure and is the key to insulating households from future price shocks.

Soaring rents and frozen housing benefit leaves renters facing housing cost crisis | Shelter

Wales’ Housing Crisis: making the LHA work for Wales – Bevan Foundation

Discretionary housing payments – Shelter Cymru

Final Notes

Family homelessness is a complex issue influenced by various factors, including housing policies like the Local Housing Allowance. While the LHA system was designed to provide support to low-income families, its limitations have led to unintended consequences, leaving families vulnerable to homelessness. By reevaluating and reforming the LHA system and implementing supportive policies, societies can work toward ensuring that families have a stable and secure place to call home, fostering healthier communities and brighter futures for all.

It comes as no surprise that the housing crisis is in the news today, that councils are struggling with homelessness but are not increasing the LHA even though they have been funded £1 Billion. Councils struggling to cope with rising levels of homelessness says charity (msn.com)

According to a Government spokesperson said: “We are determined to prevent homelessness before it occurs. Temporary accommodation ensures no family is without a roof over their head, but we have been clear that the use of B&Bs should always be a last resort. “We have given £2 billion over three years to help local authorities tackle homelessness and rough sleeping, targeted to areas where it is needed most. “We are set to spend over £30 billion on housing support this year, on top of significant cost-of-living help worth around £3,300 per household. We’ve also maintained our £1 billion boost to Local Housing Allowance, while our discretionary housing payments provide a safety net for anyone struggling to meet their rent or housing costs.”

Starving Families

It begs the question of how many people including children are starving behind closed doors just so that parents keep a roof over their heads and what is the result for many who suffer mental health issues or whose mental health deteriorates due to the rise of the cost of living, where in many cases is non reversible. According to the Child Poverty Action Group (CPAG), 4.2 million children were living in poverty in the UK in 2021/2022. That is one in three children. Around 350,000 more children were pushed into poverty last year.

Poorest UK families enduring ‘frightening’ collapse in living standards, survey finds | Poverty | The Guardian

What is child poverty? UK statistics in the cost of living crisis – The Big Issue

Unless you have a high-paid job, low-income families or people living alone are unable to survive on one income. For people who have partners, there are in most cases two incomes, but for the person living alone, it is much harder to make ends meet. People who are employed have a guaranteed income whilst self-employed people don’t.

Vulnerable People With Mental health Disabilities

People with mental health disabilities are more susceptible to having their disorders worsen from mounting financial pressure.

Accountability

Where there is blame there is a claim: If the landlord causes you financial hardship and puts obstacles in your way to stop you from earning an income (working from home or running an online business) or causing you emotional distress and your mental health to deteriorate they should be made accountable. https://cymrumarketing.com/understanding-search-engine-business-pages-terms-and-seo/

Nowhere to turn…

Remember wherever there is a problem there is a solution and you should never give up the fight. There are many useful resources not only on our sites but also by simply searching.

It may sound easy to say and give advice, but believe me, I am an advocate for mental health and know firsthand how hard it is when you are faced with depression, hence I document my health online as a form of self-help therapy.

If you feel you have no support try reaching out to some of the organizations listed below and if you feel life is unbearable and you cannot cope call emergency services or visit A&E or ER.

Health & Wellbeing Useful Links

DRUG & ALCOHOL ABUSE

MENTAL HEALTH SUPPORT

SUICIDE SUPPORT

If you have suicidal thoughts, talk to someone about them. If you do not have any friends or family reach out to the Samaritans on 116 123 For Free. Sometimes talking to a stranger can help you put things into perspective and help you tackle daily challenges. Arrange an appointment with your local doctor and explain how you are feeling. Do not drink alcohol or take recreational drugs as this may make the matter worse. Seek professional help ASAP.

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Landlords & Tenants Useful Links

https://cymrumarketing.com/landlords-and-tenants-useful-links/

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#lha #localhousingallowance #mentalhealth #depression #emotionaldistress #homelessness #costofliving #rentincreases #rentcaps #reformbill #roguelandlords #emotionaldistress #discrimination #intimidation #depression #suicide #section21notice #eviction #yourrights #renting #landlords #tenants #privatelandlords #finacialdifficulty

How to Save Money and Stay Smart About Business Expenses 

Fri, March 10, 2023 / Suzie Wilson / 0 Comments
Image via Pexels 

Written By: Suzie Wilson – HappierHome.net

How to Save Money and Stay Smart About Business Expenses 

As a new business owner, it’s easy to get caught up in the day-to-day and lose track of your expenses. Whether you’re spending money on office supplies or hiring new employees, it’s important to be mindful of how much you’re spending. After all, your bottom line is what’s going to keep your business afloat. 

Track Your Cash Flow 

One of the most crucial things you can do as a business owner is to keep track of your cash flow. This means knowing how much money is coming in and going out on a daily basis.  

There are many ways to track your cash flow, including apps, spreadsheets, and even pen and paper. Find whatever system works best for you and stick with it. Doing so will help you avoid overspending and getting into debt. 

If your business is experiencing cash flow problems, finding new investors could turn your situation around as long as you proceed with caution. When you bring on new investors, you’re asking them to trust you and your ability to grow the business. You must provide a clear plan for how the money will be used and what the expected return on investment will be. 

If you can present a convincing case, new investors can be an excellent way to get your business back on track. They can provide the capital you need to cover daily expenses and invest in new products or services. They can also help you build relationships with other key players in your industry, which can give your business a boost. 

Choose Your Business Structure 

Establishing a limited company in the United Kingdom enjoys a variety of advantages. Owners have limited liability, meaning they are only responsible for the debts owed by their business up to the value of the shares they hold. In addition, a limited company can pass profits onto shareholders or directors free from any additional tax, providing both financial relief and freedom.  

Moreover, setting up as a limited company allows you to register at Companies House in England or Wales and reap the benefits of extensive UK-wide access to local legal and financial services. Ultimately, formulating a limited company is an excellent option for business owners seeking protection from liabilities with the added benefit of lower taxes. 

Spend Wisely 

In the early stages of running a business, it’s easy to get caught up in the excitement and make impulsive purchases. But you must remember that every pound counts. Before making any big purchases, ask yourself if it’s something that will benefit your business in the long run. If not, it’s probably not worth your money. And when possible, look for second-hand equipment. It can save you a lot of money and still allow you to get all of the furniture and equipment that you need.  

Determine Which Tasks To Prioritise 

When you’re first starting out, there are a million things that need to be done. But you can’t do everything at once. Determine which tasks are most important and prioritize accordingly. This will help you stay focused and avoid overwhelming yourself (and your employees). 

Keep Up With Your Taxes 

No one likes doing taxes, but they are a necessary evil of running a business. The sooner you get them done, the better. Procrastinating will only make the process more stressful (not to mention penalties and interest if you owe money). The best way to stay on top of your taxes is to set aside money each month, so you’re not scrambling come tax time. 

Use an Invoice Generator  

An invoice generator is a great tool for small businesses because it helps you get paid quickly and efficiently. You can customise a premade template with whatever designs and information you want. When customers receive their invoices via email, they can simply click a link to pay online.  

This saves you time and hassle by eliminating the need to chase down payments manually. Plus, it’s more convenient for your customers, which will encourage them to do business with you again in the future.  

Implement Strategies for Important Cost Savings 

Working smart instead of spending blindly is one of the key aspects that separate successful businesses from those that fail. Tracking your cash flow, forming a limited company, knowing when to spend, keeping up with invoices, and following the other tips above will position your company for long-term success! Remember that all the time and energy you invest now will pay off in the long run! 

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#companyformation #cashflow #cashflowforecast #spreadsheets #accounting #business #limitedcompany #taxes #businessstructure #companieshouse

Why Business Owners Should Make Accurate Financial Projections.

Fri, May 06, 2022 / Ted James / 0 Comments
Image via Pixabay

Why Business Owners Should Make Accurate Financial Projections.

Every small business owner wants to make a profit. You invest time and money into your business to earn revenue, but how much cost and income is realistic for a healthy business? Individual financial reports can shed some light, but combining them into a financial projection can put everything into perspective. Today, Cymru Marketing Journal offers some tips and resources to guide you through the process.

First, What Are Financial Projections?

Financial projections forecast your business’s expected expenses and revenue. One-year, or short-term, projections are usually forecast by month. Long-term financial projections usually cover a three-to-five-year timespan.

How Can You Create These Projections?

New small business owners don’t have previous data to use for projections, but researching industry and overall economic trends can provide workable numbers.  Existing companies use data from the past three years. Several different financial reports go into your financial projections.

It’s important to use realistic numbers when creating your forecast. Otherwise, they’re meaningless. Also, you need to invest in accounting software that works for your business and will allow you to cultivate deeper insights without paying a fortune in registration fees.

Projected Expenses

Some monthly expenses are fixed, such as rent and other overhead costs. In some months, you may spend heavily on marketing and inventory purchases, while those costs may be minimal in other months.

Expected Revenue

Many businesses experience predictable busy seasons; lawn care companies are busiest during warm months, while some retail stores make many sales near holidays. Study previous sales numbers or market potential to estimate how many items you’re likely to sell and their attached price tags.

Cash Flow

Expenses sometimes come months before the resulting revenue. Retail stores must order seasonal inventory months before it’s sold. Also, some companies allow clients to purchase on credit with payments due when statements are distributed. Knowing when cash goes out and comes back into your bank account is crucial.

Balance Sheet

This report includes all business assets and liabilities. Inventory, equipment and accounts receivable are examples of assets, while accounts payable and other debts are liabilities. The balance sheet total shows the difference between the values of your assets and liabilities and can be a positive or negative number.

Profit and Loss Statement

This statement uses data from your projected expenses, expected revenue, and cash flow reports to estimate potential profits or losses.

Break-Even Point

Experts understand that it may take some time for new companies to break even. Knowing when your business should become profitable gives you a framework for assessing your business’s viability.

Are Your Accounting Skills Up to Par?

Not every entrepreneur knows about running a business and its finances. However, it’s not too late to learn. Online degree programs provide flexible ways to learn new skills while operating your company. An accounting degree helps develop financial skills, including making realistic predictions. MBA degrees teach more in-depth business acumen. Earning an online degree can help you make better business decisions for a healthier company.

Why Are Accurate Financial Projections Important?

For-profit businesses pay taxes. Most states require annual reports and tax payments; failing to do so may incur fees and penalties. Your business license can even be revoked. Accurate projections allow you to set aside monies to pay these taxes.

In addition, lenders need to see accurate, detailed financial projections as part of your business plan. Making and regularly updating your projections allows you to know and adjust your company’s financial expectations.

What Does Your Forecast Say?

Accurate financial projections provide many benefits to your business. Online degree programs and the right software can provide the know-how and how-to, and the time spent making these projections can make your business stronger. Whether you are starting up or an already established business looking for more exposure, Cymru Marketing Journal is here on hand to take care of all your marketing needs. We will write content and advertise your business to give you added help to generate more leads. We’d love to hear from you.

#Business #BusinessFinance #Cashflow #BalanceSheets #FinancialProjections #ProfitandLossForecast #ProfitandLoss #Accounting

Poverty & Mental Health.

Sat, April 09, 2022 / CMJUK / 0 Comments

Content:

  • 1. Poverty & Mental Health
  • 2. Mental Health
  • 3. Caring
  • 4. Robbing Peter to Pay Paul
  • 5. Social Experiment
  • 6. Grim Outlook
  • 7. Russian Invasion
  • 8. Depression
  • 9. What is money and how are taxes being spent-
  • 10. Wishful Thinking
  • 11. Suicides
  • 12. Suicidal thoughts
  • 13. The sad truth is people commit suicide because of debt
  • 14. Final Thoughs From The Editor
  • 15. Useful Links – Financial Matters
  • 16. Useful Links – Health Matters

To understand poverty and the consequence of how our monetary system affects mental health, we first have to understand currency and how debt is created. https://marketingagency.cymrumarketing.com/2022/04/09/the-hidden-secrets-of-money/

Mike Maloney – Hidden Secrets of Money.

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Poverty & Mental Health.

1. Poverty & Mental Health are on my mind. So I am reading this article: https://londonlovesbusiness.com/chancellors-family-accused-of-sheltering-a-large-part-of-their-income-from-uk-taxes/

I believe there are rules for one and not for the other? Did you know the federal reserve is owned by closely guarded corporations that get rewarded 6% of the world’s currency? (See Mike Maloney – Hidden Secrets of Money). Thus people who have a high net worth are given incentives to keep the economy wheels churning.

https://www.independent.co.uk/news/uk/politics/rishi-sunak-wife-tax-treasury-b2053923.html

Ms. Murty was quoted as saying…

“I understand and appreciate the British sense of fairness and I do not wish my tax status to be a distraction for my husband or to affect my family, for this reason, I will no longer be claiming the remittance basis for tax. This means I will now pay UK tax on an arising basis on all my worldwide income, including dividends and capital gains, wherever in the world that income arises. I do this because I want to, not because the rules require me to.”

(So my question is why has she never voluntarily paid the taxes before and it is only because her husband and herself are in the spotlight that she has changed her tune)? Imagine how the taxes of all NON-DOM could help the poor?

https://www.itv.com/news/2022-04-08/sunaks-wife-akshata-murty-to-pay-uk-tax-on-foreign-earners

This is comment is typically how one would attempt to save face. So why is it that NON-DOM rules exist, it obviously is to protect the rich?

This is one big game of Monopoly and who can have the most real estate and wealth at the expense of the rest of us.

To think 99% of the population wants to not only survive but live a happy life, why is it that the powers that be want to squeeze every last ounce of happiness out of us?

Nobody wants to struggle to pay bills or worry about where the next meal is going to come from. Yet in reality, it is happening.

https://londonlovesbusiness.com/price-of-milk-butter-and-cheese-are-set-to-soar-amid-rise-in-energy-price-cap-cost-of-living-crisis-and-the-war-in-ukraine/ I joked with my daughter that we could raise chicken and the following day it was announced there is going to be a shortage of eggs.

Mental Health.

2. Mental health Statistics show a growing body of evidence, mainly from high-income countries, that there is a strong socioeconomic gradient in mental health, with people of lower socioeconomic status having a higher likelihood of developing and experiencing mental health problems.

https://www.mentalhealth.org.uk/statistics/mental-health-statistics-poverty

Deep Dark Depression

Caring – The powers that be do not care.

3. Caring – People only care if they are directly affected by something or someone. This could be their beliefs in which they would be advocates or for people that they know such as family, friends, and sometimes even co-workers. It is the social connection people have with one another that allows them to show emotion to another person. The only other time people will care is they are on the job and must, i.e. Doctors & Nurses, Firefighters, Care-workers (who are doing good for society as a whole rather than getting personal), or if a person randomly witnesses someone that needs their help like for example if someone was injured or dying. Volunteering is an act of kindness but does not mean necessarily you care about an individual but more so about a cause. https://disabledentrepreneur.uk/category/emotions/ Politicians have to show they care because they would not have a job if they didn’t not only that it would cause a public uproar.

Why People Do Not Care.

I once did a social experiment to get support from my family for my business and not one person bothered sharing or interacting. I drew the conclusion they did not want me to succeed.

People living below the breadline.

4. (Robbing Peter to Pay Paul).

Around 5.2 million people claimed universal credit as of September 2021, a decrease on the record-high six million recorded at the beginning of the year but still a marked increase compared to pre-Covid levels, which were around three million.

Anti-poverty experts welcomed a £20 weekly increase in payments for those claiming universal credit (UC) and working tax credits, introduced by the government at the start of the lockdown last year.

But the government cut payments back to pre-Covid levels at the beginning of October, despite widespread condemnation. That is a deduction of £80 per month and with everything rising including food and fuel costs how on earth is the government expecting people to survive???

If people were struggling before the increase what makes the government think they are not struggling after the decrease?

How many people are at breaking point or have been driven over the edge?

Does the government care that some people are in sheer distress and do know how to manage their money or know-how to survive? Yet the NON-DOMs of this world can get away without paying taxes. If the NON-DOMs did not hoard money just like the millionaires and billionaires and actually had wage caps the world would be a better place.

Social Experiment.

5. Social Experiment – I am always testing how well my articles do and my social media marketing efforts and thought to do a social experiment to see how well I would compete with a high profile person sharing their posts on LinkedIn, obviously I do not have the same amount of followers as this said individual but looking at his previous posts, for me I did not do too bad, in fact, I did better than some posts his entourage had written in the past.

So I have come to the conclusion I can easily be a social media manager for the posts and articles that this individual churns out but I do not get the same income, anywhere near in fact, to what these people get. I am certainly not going to beg or go cap in hand. I am confident though because I did share a post the powers that be zoned in on me, so they will know who I am talking about. Put it this way, he is very high up the ladder with platinum blonde hair and talks Queen’s English. My point is if I can get this article to be seen, I am open to opportunities to be hired for my services. such as content writing and social media management.

Grim Outlook

6. Grim Outlook – Russia is condemning the west and has threatened food shortages because of all the sanctions including exporting wheat. It is being predicted that we will be like Venezuela where families have had to make grim choices to survive. Venezuela has faced what some consider “the Americas’ greatest single humanitarian crisis.” The nation’s economy and the political structure collapsed even though it possesses the world’s largest known petroleum reserves. More than 5 million people fled the country and an estimated 91 percent of those who remain life in poverty. Nearly a third of all Venezuelans—more than 9 million people— are food insecure or malnourished. https://www.dailymail.co.uk/news/article-5449023/Venezuelans-eat-rats-dogs-economy-nosedives.html

“No matter how hungry I am I will not eat our cat”.

Therefore what is the future outcome for the poor who will have difficulty putting food on the table?

How does the government expect people to survive?

I am concerned for the people that will have serious mental health issues because of the powers that be playing God with people’s lives.

Everyone on this planet is here to survive and to be happy. If you take away people’s happiness then you take away people’s reasons for living.

I read all these online websites, white papers, and jargon about suicide but all it is is black pixels on a white background, all these people that go around stating they are experts would be useless and powerless in talking someone out of suicide. It is all noise, smoke, and mirrors.

P#tin is playing God.

7. Russia’s invasion of Ukraine threatens to spark a global food crisis, as simultaneous disruptions to harvests and global fertilizer production are driving up food prices and sending economic shock waves throughout the world. 

Russia’s Invasion Unleashes ‘Perfect Storm’ in Global Agriculture

Ukraine still has some 20 million tonnes of wheat and corn left to export from the 2021-22 season that cannot be exported because Russia is blockading ports on the Black Sea and the Sea of Azov, leaving 100 foreign vessels stranded.

https://news.sky.com/story/ukraine-war-why-the-russian-invasion-is-leading-to-global-food-shortages-12572658

Depression.

8. Depression – I will be the first to admit it, I suffer from depression and have done so for many years. I have managed it to the best of my abilities, but occasionally I will have my dark days. I will try to keep myself busy and have a dedicated website that I am the Editor of www.disabilityuk.co.uk which forwards to www.disabledentrepreneur.uk

Whilst writing about this I write with a heavy heart, this is NOT how we are supposed to live and this is not how I am supposed to live.

Do the powers that be, forget that we came to the earth with nothing and we will leave with nothing. So why be Greedy?

The powers that be obviously do not have a conscious.

Will the people that have caused all the atrocities to live fruitful lives or will they come back onto this earth to suffer a fate worse than hell? I believe they will come back to earth and suffer. Have they not thought that Karma can send them to earth to suffer in their next life. Yes, I hear you there will be the ones that do not believe in God or life after death, but what if their belief system was wrong and we are spiritual beings in physical bodies and that when we die we turn into energy or we teleport into different dimensions, (Quantum Entanglement) or worse still come back to earth to suffer another 80/90 years?

Do you think it is a coincidence there is only 1% of the richest people on this planet or is it there is 1% of pure evil? This then shows there are 99% of good people are being treated badly and are maybe only on this planet to be given a second chance and do good for the world. I for one would never want to be categorized be part of the 1% wealthy and would never want that sort of wealth, in fact, I am on the opposite side of the spectrum, yes I want my own home, have a nice car, heal my mind, body, and soul so that I can travel the world whilst I am still on this planet, but other than that I just want to live a happy, peaceful and happy life without any worries.

Money vs Currency

9. What is money and how are taxes being spent- I would love to see how the British taxpayer’s money is used and for what. I would only use w#r in defense not to start them. I would stop making money off the back of poor people to suit my own ends. The British public does not get a say in what happens with our country, it is all decided behind closed doors.

If you look at the Oligarch’s bank accounts that have been frozen and the Russian Banks that have their assets seized how is the P#tin W#ar still being funded? One needs to read between the lines to know what I am saying here. What is going to happen if the debt ceiling collapses or our bank accounts get frozen because they can, what then? What is happening with all the frozen currency and bank accounts where has the currency gone?

The power to vote – would you allow uneducated people to run your business, of course, you wouldn’t, so why do you give uneducated a chance to vote that do not understand the first thing about business, economics, or our monetary system?

Brexit – Furthermore, I could not vote because I was in the hospital on the day we were voting to stay or leave the EU, I wonder how many other people never voted that day? My point is that this tells me the voting was not accurate and the final numbers were decided for us.

The world is a very evil place, and although I do say there are many good people in this world, there are the ones that own the federal reserve that wants to destroy you and take away any prosperity. The scammers, the thieves, and the con artists that give you currency in one hand and take it away with the other. The people that lie in wait so that they can reel you in with the loans and credit cards to watch you suffer later. The financer (Mike Maloney) aptly explained the meaning of currency and said if there was only one dollar in existence and you borrowed it where would you get the second dollar from to payback of the first dollar plus interest?

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Wishful Thinking.

10. Wishful Thinking – I wish for this Dictator that caused these atrocities “an eye for an eye and a tooth for a tooth” as it is said in the Bible, Book of Exodus 21:23–27. It is not for me to cast judgment but for God to punish people for what they have done wrong in the world that preys on the vulnerable.

I know the outlook looks grim for most of us but we can learn from this and teach people how to survive and find happiness. (If you find my article insightful please share it).

I have been given an opportunity to motivate, empower, teach and spread awareness. If the powers that be can see how well my articles are viewed they should give me a job. I should be rewarded for the good I do and not be punished by the greedy.

I have lived through my own war and have a battlefield of scars and one day when the time is right I will share my story, but for now I want to focus on what is happening in the world today and get people to notice that the world cannot suffer at the hands of the greedy minority. Too many lives are being lost and people are suffering from mental health and grief.

Suicides.

11. Suicides – I have a question for the wealthy or the powers that be, or the 1%, if everything they owned suddenly was taken away from them and they found it hard to put food on the table and no matter what they said or did never got better but perhaps worse, how would they handle life?

Would they stand in the mirror every day saying “you can do this”? or would they give up the fight?

Not everyone has a strong mind., not everyone knows how to survive and some try to drown their sorrow in alcohol or take recreational drugs, or someone simply just give up?

12. Suicidal Thoughts.

I will admit I have had suicidal thoughts in the past over different life-changing events, but somehow have found the courage to battle on.

I have never forgotten the people that hurt me, tried to cause hardship, criticize me, or humiliate me. I may have forgiven, but never forgotten.

At one point I felt I was in a war zone of my own. I am here today not because of any support workers or from friends or family because the few that knew what happened in my life have not been there for me. I am only starting to tell my story now and I have learned one thing in my life, never rely on anyone and never tell them all your secrets and be careful who you trust or befriend. I am here because I know I am on a mission, but I do sometimes question my strength.

Feeling Suicidal, Suicidal Thoughts.

I am slowly starting to heal. With what is going on with the world I am now thinking that the only thing that is left for me is neuroplasticity, learn it, practice it and teach it. There is too much negativity in the world that suck out all our aspiration and happiness so we need to find a way to conquer and battle on, with positive thoughts. https://disabledentrepreneur.uk/category/neuroplasticity/

13. The Sad Truth & Stories of Suicides Due To Debt.

New research by Money and Mental Health Policy Institute, has found that 2.5million people with mental health problems who fell into debt during a pandemic considered suicide.

https://www.credit-connect.co.uk/news/2-5m-people-with-mental-health-problems-who-fell-into-debt-during-pandemic-considered-suicide/

https://www.huffingtonpost.co.uk/entry/problem-debt-pushing-people-to-consider-suicide-shocking-new-report_uk_5c054239e4b07aec5750f7bd

The sad truth is people commit suicide because of debt.

People who are unhappy, helpless, and scared, cannot cope with the same thing day in and day out and nothing they do to make things better materializes so one day they lose the will to live and the people that suffer after they go are their friends, family, and the cycle continues.

https://www.dailyadvent.com/gb/news/989709f52d5e890ed73969ecdd67f8c1-I-was-suicidal-and-100k-in-debt-after-losing-my-dream-job-on-CBeebies

https://www.business-standard.com/article/pti-stories/debt-ridden-businessman-commits-suicide-113050500228_1.html

https://www.manchestereveningnews.co.uk/news/uk-news/heartache-debt-ridden-dad-who-16625338

https://www.moneysavingexpert.com/team-blog/2019/10/i-ran-up-p1000s-in-debt-while-suffering-from-depression/

https://www.essexlive.news/news/essex-news/speak-up-essex-boys-suicide-2705056

https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-dies-by-suicide-after-seeing-a-730000-negative-balance/

https://www.independent.co.uk/life-style/health-and-families/suicide-samaritans-mental-health-anxiety-depression-alcohol-drinking-debts-a9660101.html

https://www.dailymail.co.uk/news/article-2242259/Student-Toby-Thorn-killed-just-8-000-debt-wrote-suicide-note-BANK-letter.html

https://www.birminghammail.co.uk/news/uk-news/dads-suicide-note-revealed-plea-14932579

https://www.thesun.co.uk/money/7091971/crippling-debt-drove-our-sons-to-suicide-but-it-could-have-been-prevented/

Final Thoughts.

14. Final Thoughts From The Editor.

The way I see things is if you want to succeed in this world is one of two things, (1) you either have to rub shoulders with the people that matter and offer value or (2) have something that other people can relate to.

I look at these big agencies and the billionaires that own them yet profiling the CEOs they do not have a large social media gathering which makes me wonder what they did to get where they are today considering I am working at the same speed, probably doing the same job with a larger following than them, minus their payrolls?

I am available for content writing hire and social media management.

Useful Links

15. Finacial Matters.

Finance Matters Useful Links

16. Health Matters.

Useful Links

I was going to put a paywall on this article similar to what a lot of online newspapers are doing as I would love to campaign and speak on behalf of people on low incomes, but cannot afford to do it alone on my own salary. I know the majority of us are all in the same boat and we are all here to survive. I do have an advantage though I have a platform to put my point across and a large network of connections on LinkedIn connected to some very affluential people so my voice will be heard. I just need some support to be able to campaign further. If you do not want to hire me, please use the affiliate links embedded in the site or spare the equivalent of a cup of coffee for £3.00 this will go towards advertising and marketing costs. My next topic of discussion will be “How To Become A Billionaire”.

Please Use This Link!

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#poverty #mentalhealth #depression #debt #hiddensectretsofmoney #mikemaloney #suicide #suicidalthoughts

Hidden Secrets of Money – Mike Maloney.

Sat, April 09, 2022 / CMJUK / 5 Comments

HIDDEN SECRETS OF MONEY

Michael Maloney is a financial expert, he is the host of the smash-hit video series Hidden Secrets of Money, the author of the bestselling precious metals book Guide to Investing in Gold and Silver.

Mike is one of the world’s most highly regarded investment education companies and a global leader in gold and silver sales.

Mike has traveled the world sharing his knowledge and passion for economics and monetary history with audiences from Silicon Valley to Wall Street, from Hong Kong to Rome.

Mike has researched financial markets, monetary history, and global economics, Mike discovered that the same economic cycles kept repeating over and over throughout history, from ancient times to the modern-day.

Mike is quoted as saying “For 2,400 years as people have lost faith in fiat currencies, they have turned to ‘real money,’ gold and silver,” and “Today the stage is set for a worldwide ‘gold rush’ to the safe haven of precious metals just when supplies of those metals are precariously low. The opportunity for those who position themselves accordingly, ahead of the crowd, is like none we will see again in our lifetimes.”

INVEST IN GOLD AND SILVER, CLICK THE AFFILIATE LINK BELOW TO SIGNUP!

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https://youtu.be/y-IemeM-Ado

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HIDDEN SECRETS OF MONEY

I have purposely not put these videos in chronological order because you need to watch the first video to get a grasp of what Mike is teaching. Mike teaches us about the money system and what is money and what is currency, yes there is a differences and how the global economy works.

The “Hidden Secrets of Money” videos are easy to understand and the concept of money should be taught in schools. We should all know how money and currency are created and learn about debt ceilings and deficit spending. This is also good for budding economists/financiers contemplating careers in the financial world.

About Mike Maloney.

Mike Maloney is the host of the smash-hit video series, “Hidden Secrets of Money”; former Rich Dad/Poor Dad advisor; author of the best-selling precious metals book.

Final Thoughts From The Editor.

If you see what is happening today with P#tins W#r, with all the sanctions, have you wondered how these people (Oligarchs/P#tin) are trading/living if their bank accounts are frozen?

If you look at the bigger picture w#ar is big business, the production, manufacturing, distribution of artillery, ammunition, staff, and operations, etc. Furthermore, the owners of the Federal Reserve get an annual 6% commission, on our hard-earned sweat and labor, yet no one knows who these people/corporations are because it is a closely guarded secret.

We are pawns in a massive game of monopoly.

We do not know what the future holds, banks have been known to close.

https://www.cymrumarketing.com/high-street-banks-closures-7/

High Street Bank TSB To Close Branches.

What would you do if your bank closed?

I am not an economist, I simply write articles on the financial sector and am an affiliate marketer, affiliated with BullionVault and CashPlus Bank.

“I believe in never keeping all one’s eggs in the same basket”.

“If you found this article useful, please share it with your friends family, and on social media. Let’s help each other build a brighter future”.

“The farther back you can look, the farther likely you will see into the future.”― Winston Churchill

Disclaimer – At Cymru Marketing Journal/UK Website Designers, we are affiliated with BullionVault and CashPlus Bank and may get a commission on each person that buys bullion or sets up a business bank account. If you are a digital marketer or wish to monetize a website/blog/article, just follow the “BuullionVault – Link“ or “CashPlus Bank Business Account” and start advertising these businesses today.

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#goldsilverbullion #debtceiling #fiatmoney #inflation #pricerises #costofliving #rateofinflation #globaleconomy #economy #truthaboutmoney #economists #hiddensecretsofmoney

Must-Know Tips for Navigating Late Payments and Protecting Customer Relationships.

Fri, April 08, 2022 / Ted James / 0 Comments
Image via Pexels

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Must-Know Tips for Navigating Late Payments and Protecting Customer Relationships.

You love having your own business, but you could do without the occasional customer who misses a payment. As an entrepreneur, you depend on on-time revenues to stay afloat, yet you must also manage your customer relationships with care. It helps to learn how to collect late payments without making customers upset or ruining a professional reputation.

Use Invoicing and Payment Software

Rather than manually handle payments and invoices, business owners can use reputable payment and invoicing software. According to professionals, some benefits of using billing software include creating quick invoices, managing business operations easily, and improving brand identity. Invoicing software also lets you accept various payment options to meet your customers where they are regarding their ability to pay. Software that can authenticate bank account information can increase your payment options. With more payment options, you could increase your chances of receiving prompt compensation.

Use Contracts to Set Clear Payment Expectations

It often helps to get in front of payment issues rather than wait for them to crop up. If your customers sign a contract before you work together, use the document to establish your payment expectations. Specific details to note include due dates and details and late payment conditions and terms. Even if a customer does not pay you on time, you at least allow her or him to understand your expectations and get on the same page.

Offer Incentives for Early Payments

One great way to encourage on-time payments and protect your customer relationships is to incentivize early payments. For instance, you could offer a 2% discount for paying an invoice within 20 days rather than within 30 days. Offering an incentive could also safeguard your supply chain, boost liquidity and keep your stock moving at a steady pace.

Create a Process for Tracking and Chasing Payments

If you use invoicing software, it could make it easy to implement a process for tracking and chasing late bills. Your process could include automated past-due reminders, so you have one less thing to add to your to-do list. You could also establish follow-up points for when invoices remain unpaid after a specific number of days, such as three days overdue and one week overdue.

Make It Quick and Painless for Customers to Pay

One reason for late payments could be customers feel your payment options make it cumbersome for them to settle their accounts. Consider asking your customers their preferred methods for paying their bills, so you may implement them and show your customers you listen to them.

Create a Script in Advance

Rather than communicate off the cuff, create a script for contacting individuals about outstanding payments. The right words and your tone of voice could change a person’s mind for the better or the worse. Another reason to use a script is so you keep your goals and intentions in mind, no matter what the other person says.

Start with a warm tone and a gentle reminder of the past-due amount. If you must escalate your efforts, refer to the contract terms and what happens if the invoice remains unpaid. Endeavor to remain professional and polite, as hostility on either person’s part only worsens the situation.

You must move carefully when navigating late payments, and having the right tips helps you understand which moves to make. By learning how to handle the situation, you make yourself a better and more understanding business owner.

For More Financial Matters Please Visit This Page, Part of Our Sister Site.

#debt #debtrecovery #businessdebt #debtconsolidation, debtfree #debtmanagement #latepayments

Here’s How You Can Get Out of Business Debt.

Tue, April 05, 2022 / Ted James / 0 Comments
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Here’s How You Can Get Out of Business Debt.

Written By: Ted James – https://www.tedknowsmoney.com/

A healthy bottom line is integral to the success of any business, and good debt management plays a big role in achieving this goal. As a small business, you may not always have an abundance of funds available for business needs, this is where debt can help fuel your expansion plans, increasing business production, product development, and more. But, facing an excessive debt burden can prove to be a huge challenge that threatens the success and survival of the business. To help keep this burden in check, this article by https://www.tedknowsmoney.com/ explores four effective strategies you can implement starting today.

Review Your Finances

Reviewing your financial statements will provide a clear picture of the strong and weak areas of the business, this can include credit card bills, bank statements, and more dating back at least a year. On review, you’ll identify where you need to curb spending and assets which can be liquidated to increase your repayment capacity.

Next, create a new budget for the coming six months that prioritizes repaying debt, while ensuring you maintain enough cash to afford business expenses. This will provide two benefits – first, each month the debt burden will reduce, second, you’ll protect your business from undertaking additional debt.

If you’re struggling in the budgeting process, consider hiring an accountant who can help review statements, curb expenses, and create a financial plan for the business.

Reduce Expenses

While this is an obvious solution, it’s not the easiest to execute. But, a review of your financial statements will provide clarity regarding areas of business where spending should be curbed.

To further simplify this process, divide your expenses into categories such as:

  • Essential Expenses: This includes taxes, utilities, rent, salaries, and other expenses which cannot be eliminated. Your new budget will need to have provisions to cover these each month.
  • Negotiable Expenses: According to the US Chamber of CommerceIf you have good relations with suppliers, try to negotiate an altered repayment schedule. This can include making payments in installments, or a lump sum on a mutually agreed future date.

Beyond these, you’ll have expenses that you will be compelled to reduce, such as selling expensive office space, getting rid of unused assets, or reducing the number of employees. None of these decisions will be easy to make, but they will help repay debt and secure the future of your business.

Consolidate Debt

As reported by Debt.org, debt consolidation is the act of taking a new loan to pay off existing debt. The process is straightforward, you visit a lender and provide the details about all your current debts and business finances. If they approve your request, they’ll undertake the responsibility of repaying your existing creditors. Going forward, you will be liable to pay your new lender the amount equivalent to your debt, but you’ll enjoy lower interest rates and affordable monthly payments.

Debt consolidation does not erase your debt, but it can make repayment easier. Lenders such as banks will often issue secured loans i.e. the loan will need to be backed by an asset such as your home, car, etc. If you choose to utilize this option, invest time towards creating a repayment plan to avoid taking on any additional debt.

Establish an LLC

Running a business as a sole proprietor puts your personal assets and finances in jeopardy as you and the business are considered a single entity. By registering your business as a Limited Liability Company, it will become a separate legal entity, safeguarding you as the owner from business-related debts and liabilities. For instance, with an LLC, a creditor will not be able to seize your home in case of non-repayment and only use business-registered assets.

Additionally, an LLC allows you to use business expenses as tax write-offs which can help save thousands of dollars a year and be used towards debt payments. As LLC requirements differ based on state, it’s best to delegate this task to a formation service.

Through these strategies, you’ll gain greater control over business debt, resulting in inefficient utilization of resources, healthier cash flow, and securing the long-term success of the business.

#businessdebt #financialdifficulty #financialproblems #debtfree

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