Author Archives: Jennifer Letran

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3 Steps to Create a Healthy Money Mindset
3 Steps to Create a Healthy Money Mindset

Creating a healthy money mindset is very important in achieving your financial goals.

Knowing the math or the numbers alone but not having the right mindset and belief of what you can do about your finances will result to nothing.

I share 3 easy steps below on how you can start having a better money mindset with money.

1. Know Your Personal Relationship with Money

In order to build a better money mindset, you have to first understand where you are now in your relationship with money. And one of the best ways to do this is to simply ask yourself this question:

  • If your money can speak, what would it say about your relationship?
    • Will it say:
      • I feel loved
      • I feel that you are using me well
      • I am happy on how you are managing me
      • I know that I am important
      • I am taken cared of
    • Or will it say:
      • You don’t make me feel good
      • I feel that you do not care about me
      • You always just scatter me away
      • I feel that I have been taken for granted
      • I think that you have been wasteful around me

Going back to this question, what do you think will your money say to you? It is sometimes easy to say that we are not responsible for our results when it comes to our finances but how seldom do we check our responsibility about it?

This question can also be applied to any area of your life.

For example.

If your job can speak, what would it say about you on how you show up at work?

  • Will it say:
    • You are inspiring
    • You come to work on time
    • You take responsibilities
    • You help other people
  • Or will it say:
    • You complain behind your boss
    • You always misuse your company time
    • You always say bad things about your teammates


After knowing this, I want you to really take time and think about your personal relationship with money.

After asking the questions, check the answers and this is where you will realise if you have a healthy or unhealthy mindset about it.

You cannot cultivate a good money mindset unless you have a bad relationship with money.

It is like thinking that money will come to you anytime but on the other hand, not really believing about the importance of it. The result would be misalignment and you will just lose it.

2. Become a Money Mindset Sponge

You are the average of the 5 people you associate yourself with. If you want to build a Wealthy Mindset, start being with people who look at money positively. Stay away from people who make you feel that being rich is bad and that being rich means being greedy. Stay away from people who would also complain that it’s difficult to have money and that there’s not enough. 

You have to be intentional as to where you use your time and spend your time with. Being with people with a scarcity mindset will not help you.

It is also about educating yourself and using your media consumption to learn from wealthy people.

A Money Mindset sponge means that you are choosing thoughts that will prosper you and social media contents that help you see what is possible.

3. Forget your Past Mistakes 

It might be true that your result with money in the past is something that you cannot be proud of. You may feel that you are a failure and that you can never be able to achieve financial freedom.

But here’s the truth. If you start today, you are creating your new future. The past is gone. Let go of it and really forgive yourself.

When I say forgive yourself, look at the mirror and really say this: Hi {$name}, I forgive you. I really forgive you. It must have been hard but I forgive you.

Once you do this and remove any shame or guilt, it will be easier for you to build a better mindset.

Remember that building a wealthy money mindset is a process. It is a result of choosing one thought over another repeatedly every day.

“Mind is a flexible mirror, adjust it, to see a better world.”
― Amit Ray

Comment below. I would like to hear from you.

Love,

Jennifer

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Why Yesterday Does Not Really Matter
Why Yesterday Does Not Really Matter

“The past has no power over the present moment.”
― Eckhart Tolle

I am a mindfulness speaker at Macquarie Community College and one of the things I learned from MIndfulness is that there should be a balance of how we looked at our past, present and future life.

Most of the time, we are unaware of what’s really happening “now.”

When we wake up, the first things that come to our mind is the things we ought to do (future) or the things that already happened (past) that’s holding us back.

Just for now, just look at where your thoughts at?

Is it here? 

I believe that what is holding back a lot of people to decide for what they should do “now” are the things they are chained to in the past or where they should be in the future.

When it comes to our finances, specifically, we tend to remember how we were not good at money, we tend to remember our debts that are already there. We identify ourselves with our past thinking that it’s “us.” Thinking that it’s who we are. We forget to understand that it was our behaviour but not ourselves.  And then we go from past to the future, daydreaming of what a good life would be. A life where you can do anything you like, a life where money will no longer be a problem. Or even thinking about how you can be this and that person. We then go on listing down everything we want and just that. We just dream and get stuck.

We are always caught up thinking what was and where we should be that we forget that “Today” is all we have and “Today” is where we can create something “new” and “different” in our life. We also forget to appreciate you as yourself “Today.” Appreciating who you are. Appreciating how far you have come and that you are enough. Most of the time, we either sabotage ourselves from our mistakes or trying to change ourselves to be someone who we are not without realising that the YOU that you are NOW is all that you need to accept and acknowledge.

For example, with your health, you keep coming back to how guilty you were yesterday for not eating the right food or not exercising. And because of this, you feel that “today” wouldn’t matter because yesterday, you messed up already. 

Or think about your relationships. Sometimes, we want to work things out, be a better person. Be a better spouse, a better son or daughter, a better friend. But we keep on focusing on what we can be, instead of what we can do “Now” to be this.

We are always caught up with what was and where we should be and then we forget to move and do something.

So today, I want you to focus on just being “today.”

It’s fine to remind yourself yesterday and in the future but I want you to just ask yourself this:

What can I do today at this moment that will make a difference in my life and my relationship?

How can “today” matter?

How can I “re-create” myself today to make it more meaningful than yesterday?

How can I be more “intentional” today to make my future a lot more achievable and realistic?

How can I be more “aware” of what I choose to do today?


Remember: Your mistakes yesterday are done. Your past does not define you. Your debts are in the past. 

Your future is still yet to be defined.

Today, you can choose a new you. A new course. A new beginning.

I want to remind you that today, you already have the resources you need to do something. You have the power in your hands NOW.

You can start somewhere that you already know and just do that.

Make this day count. You can do this. You can still choose to do something different because the truth is: Yesterday no longer matters.

It’s today that will count the most.

To being intentional and present,

Jennifer xoxo

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financial anxiety; psychology; jennifer letran
5 Steps to Overcome Financial Anxiety

The recent news about Coronavirus had left the world with a lot of jobless people, people fighting over toilet papers and businesses shutting down due to lockdown.

Media news showing an increasing number of cases, people dying and an increase in domestic violence and even mental problems had caused more anxiety and fearful emotions to all of us.

But what is anxiety? According to Wikipedia, anxiety is a feeling of uneasiness and worry, usually generalized and unfocused as an overreaction to a situation that is only subjectively seen as menacing.

Knowing the meaning of this, anxiety is usually driven by a fear of the unknown

When it comes to our finances, we can really feel anxious from time to time especially if something unexpected happened and if your work is not as stable as it seems.

Now, I want to help you overcome your financial anxiety in 5 simple steps. You can also use some of these steps when you feel anxious in your career, relationships or even health.

 

1. Focus on What You Can Do Now

In times like this, it is easy for us to think about things that we cannot control and to follow the crowd doing nothing.

But let’s be honest. If you’re staying at home, you can still do something about your finances.

If you just lost your job, the first thing to do is to check if your government offers financial aid and make a claim.

The second thing to do is to revise your resume and to send job applications as much as you can even if face to face interviews are on hold.

The last thing is to find productive ways on how you can earn while staying at home.

 

2. Re-assess and Review Your Credit and Budget

Now is the best time to check your credit card statement and see where your money is going every month.

Check if there are expenses you can cut and reduce.

We all know that in Sydney, Australia for example, gyms are currently closed. If you have a gym membership, maybe you can ask for a discount or reduction of your membership for months that you were not able to attend.

You could also check subscriptions you have made that you’re no longer using. $5 per month or $15 per month, multiplied by 12mos is still a lot.

After reviewing your credit, check your budget at home. Is your grocery over the top? Could you cut and focus on cooking your meals instead of ordering online?

Check if you can get a discounted rate in your electricity and internet lines.

Compare prices of grocery items you are buying.

Aim to buy for an item’s practical use and not for its brand. We personally go to Aldi to buy our laundry detergents and dishwashing liquid soap.

 

3. Remove shame from your vocabulary

We have all messed up with our finances one way or another. This is not the time to hurt yourself more and tell yourself how bad you are with your finances.

Remind yourself that accepting where you are now in your finances and deciding to do something about it is the best step towards feeling more in control and organised with your money.

We cannot change the past, the past where you might have messed up with your credit cards and finances.

However, the good news is, your past is past. What you will do now is more important and you can still change your future by doing something different today.

 

4. Be realistic

To be realistic is to understand the things you are capable to do now at this moment even if it’s just small steps towards changing your financial behaviours.

Being realistic means being honest to yourself of where you are now and in what you can really do to manage your finances better.

It can be as simple as not ordering food online or increasing your minimum credit card payment to 20% rather than just paying the minimum required.

Whatever that is, do what you say you will do. This will increase your confidence in how you handle your money.

Actions however small contributes to bigger results in the future.

 

5. Educate yourself

Education helps us understand what is real from not, what’s fact from fiction.

Learning about money is not hard as most people would suggest but you have to really start somewhere.

Educating yourself with money and with personal finance will not only help you increase your confidence but it will open your mind and take control.

With educating yourself, you will be able to take control of your money, understand it and not depend on other people.

Some of the books I can recommend for you to start that’s not too deep but very empowering are: The Secret to a Millionaire Mind by T Harv Eker, The Latte Factor by David Bach, Rich Dad Poor Dad by Robert Kiyosaki and The Richest Man in Babylon by George Clason.

These books are gems.

With these 5 steps, I hope you’ll be able to understand and believe that you can actually do SOMETHING about this.

 

Here’s a bonus tip:

 

One of the questions I asked myself when I feel anxious about something is this:

 

Based on the past, how will I end up coping with this?

 

When I asked myself this question, I know for myself that I have overcome this before so I can overcome it now. Sometimes, we forget how we have handled difficult emotions and asking yourself this question reminds you of how resilient you are and how you are still here, alive and still fine.

 

Love,

Jennifer xoxo

 

Personal Message: I wish you well in these uncertain times and I pray that you and your family be kept protected, safe and healthy. You are strong and capable. I believe in you.

P.S. Dear , if you have financial anxiety right now that keeps on coming back, I have a session called From Financial Anxiety to Financial Calm. It’s a one-off coaching session. Feel free to book your session here.

PPS. If you know someone who needs to hear this, share this newsletter with them.

Discover How Money is a Basic Need

Have you ever wondered why you sometimes feel unsafe or uneasy when you don’t have any money or when your money is very limited?

I’m not talking about your expenses here or even your unpaid bills but just the thought of having no income stream or money at all.

Let me tell you a story, we have been living in this world for millions of years. However, our brain which is effectively the command centre of our universe is often still highly operating from the primitive brain which is instinctive.

What do I mean by that? Back before all these technological advances that happened, money never existed.

Our ancestors were hunters and gatherers.

During that time, people will hunt, gather food and eat their meal. And the next day, they will find food again even if it would mean that they can be a happy meal for wild animals.

It took humans a while before our brain evolved from being instinctive/reactive to having a better capable brain where we can store our memories, histories and experiences that allowed us to store learning blocks.

And soon enough, with this learning blocks, people were able to invent new tools that helped them gather more food efficiently until we move to the agricultural era. Where those with lands are considered noble and powerful.

But even with this time, money is scarce. Only a few have a lot. The royals. The landlords.

Then the industrial revolution came in, people figured out that they can work for money. The age where people are now getting employed.

And this is the time where people were divided on how they spend their money. You are either a spender or a saver.

And believe it or not, this is us until now. There’s not really much of a change when it comes to money in our history.

So truly, when it comes to money and the brain, we really are very much still hunters and gatherers.

Only now we dress better and hunt in office buildings and gather in shopping malls rather than forest and woods.

So where does money sits down now in our life?

In Maslow’s Hierarchy of Needs, we all know that the first part of our needs is Physiology.


Physiology
 is our homeostasis, food, water, sleep, shelter.

Before, we live in farms where we do not pay rent. We grow our food from where we harvest our plants. Back then, our physilogical needs were satisfied.

But now, we have to use the money to have food and to have a shelter to live in.

And even if I try to make my own garden, I cannot guarantee if it would be enough not to make me starve or my family.

Money has now become a core survival issue.

And this core physiological need is what’s making us anxious when we do not have money or when we think about our money being gone.

When I learned this, it makes a lot of sense.

Money is not just a financial resource. It’s a physiological requirement.

Now that we know this, I hope you understand why Money is really important in your life.

And believe it or not, it impacts every level of Abraham’s Maslow’s Hierarchy of Needs.

I hope you learned a lot from this. I am creating my online money group coaching session soon where I talk about more of how money affects each level of our core human needs as well as how you can become more “conscious” of money and work with your money better.

Until then, I wish you abundance in all aspects of your life.

Love,

Jennifer xoxo

P.S. Dear , you do not have to be alone in your financial journey. If you feel that it’s time to uncover the beliefs that are holding you back, let me help you. Feel free to book your session here.

PPS. If you know someone who needs to hear this, share this newsletter with them.

3 Money Mindset Shifts to Help you be Financially Free

Lately, I have been thinking of how I can better help you understand that money is mind work.

It’s not about just knowing the difference between saving or investing but it’s deeper than that.

As a money coach, I will share to you probably the 3 most important money mindset shifts you can do today.

You might not even be aware of this but once I start telling these mindset shifts to you, you will realise what you were missing all this time that’s keeping you in the same place.

Let’s start.

1. Avoiding your Money is Not the Solution

I hear a lot of people say that when it comes to money, they want to bury their head in the sand. It’s making them nervous, scared etc..

But here’s the thing, when you avoid a problem, there’s still a problem. Avoiding something doesn’t make it go away.  Running away from your problem is a race you will never win.

When it comes to money, we have to start facing the problem at hand before it gets more complicated.

You have to stop ignoring your debts and financial struggles and start checking your bank account, looking at your credit card statements and checking letters of your loan.

The number 1 reason why you need to face your money problems is that you are responsible for it. It’s your own money. It’s an accomplished result you did for yourself and no one can help you but yourself.

The moment you start facing your money problems is the moment you will become aware of it. And when you become aware it, you can now choose what to do about it rather than keeping yourself stuck in the unknown.

2. Choose Today

Decide at this moment to say YES to financial freedom. Decide now to act on what you can do. If you can start saving, do it now. If you can start investing, do it now. If you can start learning about money, real estate, personal development etcetera, do it now.

Every time you choose to delay the financial decisions that will lead you to more growth, you are wasting more time, more resources and more opportunity for your money to work for you.

Those who start today and those who start early can benefit more from the power of compounding interest rate and the power of appreciation.

As what Simone de Beauvoir said, Change your life today, don’t gamble in the future. Act now without delay.

 

3. You can want Money and still be Good

Our religion or maybe our culture had taught us that making money is bad, that rich people are corrupt and that money makes you evil.

But, we all know that like everything around us, money is just a paper bill. Money is neutral.

Money is just an amplifier of who you already are. If you had little money before and you were generous, then making more money makes you a better giving person.

If you were a shopaholic when you had little money, making more money will make you a more shopping addict.

There is nothing wrong with money. We have to understand that we are the one in control of our money and what we use our money for. It’s not money but us that we need to question.

Who are you if you had millions of money?

Will you be a better person or will you turn out to be a bad or evil person? You have to know where your treasure is.

I have known a lot of rich people that are good people and those people who keep on saying that money makes people bad are just the same people that don’t know that these people exist because they are unconsciously repelling money to them.

So there you go, Money Warriors.

I hope this 3 Money Mindshiff helped you. It’s always working progress to create new beliefs but with time, faith and effort, nothing is impossible.

I pray for your financial journey and wish you abundance this 2020!

Love,

Jennifer xoxo

P.S. You do not have to be alone in your financial journey. If you feel that it’s time to uncover the beliefs that are holding you back, let me help you. Feel free to book your session here.

PPS. If you know someone who needs to hear this, share this newsletter with them.

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