3 Things I Learned Going on Trips with Smart Phone Travellers.

 

3 Things I Learned Going on Trips with Smart Phone Travellers.

 

1 It’s a holiday, don’t plan on working.

I had grand plans to record videos but once in holiday mode, even checking emails was a chore.  Enjoy your holiday or trip, there is plenty of time to work, before and after.

 

2 Trips are about enjoyment not money.

Shopping at food markets and travelling by local buses enriched our experience. Surprisingly, £20 a day was doable and reminded me of my younger days, backpacking.

 

3 Set up a data allowance on your phone before you go.

Which direction? Was quickly answered using google maps and so convenient.  Plus being able to check what’s on, opening times and to let people know where you are.

Incredibly handy.

 

Bonus tip – only take the essentials

And check airline luggage rules, as they keep changing!

Have a wonderful summer.

Jenny

Photo is Lake Cuber in the mountains of Majorca

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Fight or Flight with Money?

Fight or Flight Response

 

I thought people don’t normally consider the Fight or Flight response and money?

It is all about the resources, we feel we don’t have and feel threatened about.

 

So that call from the bank?

We ignore it or go, right, I am going round there to deal with it now – which is flight or fight.

 

What is the flight or fight response?  I have a little sum up here, as I think we all know.

 

“Stress is a biological and psychological response, experienced on encountering a threat, we feel we do not have the resources to deal with. ” Quote and picture by Simple Psychology

 

When you get in a life threatening situation, you do need to take action and that’s why we have this wonderful thing.

 

But when it is your ego that is in danger of dying and not your physical body, we need to come up with a new strategy, particularly when it comes to money.

 

I think the most extreme thing I have ever seen someone do in a Fight mode is buy a house they have never seen at an auction.  They just got carried away with the auction – it was like “I must have it”.  Fortunately it was only £60,000 but I can’t imagine what state that house was in?

 

On the Flight response, I have been round to people’s offices who have years’ worth of unopened bank statements, they can’t bear it and are “la, la, la, la, la”..

 

Bank statement, balances, paperwork – la, la, la, la, la, with their fingers in their ears, that’s the flight response.

 

When we get stressed, we find it very difficult to deal with, if we deal with it at all.

Often we don’t make great decisions.

 

I wanted to draw your attention to this fact, so you can make better decisions. 

 

Be in control of your money, rather than have this human response be in control.

 

Everything can wait one minute, nothing needs to be done that second.

We can all wait a minute, especially when it comes to the ego. 

 

If you know you are making a decision and you are hot, sweaty and panicky about it.

 

Take a minute and ask yourself “am I doing this because I am ‘fighting’ or ‘flighting’ or am I doing this, because I have thought this through and it really is a sensible thing to do.

We are not going to go into the relaxation response, which is the best way to deal with it.

 

This is the awareness stage, to start noticing you are doing it.

 

Then breathe, long slow breaths to calm down your heart rate and lungs and relax in the chair.

That’s where we are going to end up, nicely relaxed about money.

 

 

 

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Money Goals that Motivate

 

Money goals that motivate and bring clarity to your situation.

So in our house, if we achieve our money goals plus a little bit extra, then we get a take-away, otherwise we have to cook.

Take-aways might not be your reward but actually giving yourself free or low cost rewards on a regular basis is extremely motivating.

 

If you work for yourself and don’t have a boss, then no one else is going to give them to you.

You need to do them for yourself.

So today we are talking about goal setting and whether you call it dreams, promises, targets, whatever, it doesn’t really matter.

What we are talking about today, is setting a simple weekly goal.

 

A simple weekly goal that is achievable, possible but just a little bit of stretch.

Just a little bit of stretch so you can achieve it.

 

For example

  • If you are just starting up setting the amount of a client, the monetary amount of one client a week is probably enough.
  • Or if you sell products and you are selling 10 a week, make it 12.
  • Often it is about consistency and achieving that money target, week in week out.  When you do you get that little reward.

 

So why do it that way?

 

I know that you might think, I can set that target but that’s not enough.  Actually you need to start somewhere.

Starting now with a weekly target builds that money goal achieving muscle.

Plus it puts you in a really positive frame of mind and when you are feeling positive about money, that makes a huge difference.

You can change it in the future if you want, well you hopefully you will once you go through those targets.

 

Think about it on a Friday night, or Friday you are thinking, oh I haven’t quite reached my goal.

 

It can be quite fun thinking how am I going to reach my goal?  Then the satisfaction of achieving it or looking at why not?

 

Or if you have had a really good week, having the afternoon off and enjoying yourself.

 

So if you would like to talk about setting your money goal, you can book an appointment with me for a 121 consultation either via Facebook or my website

Thank you for watching.

 

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Connecting with your Customers

 

A bit of a scrabble today!

As you can probably hear, I am not at home, I am at the WiRE Conference in Newport, Shropshire.

 

I have my lovely stand here and you can probably see people behind me on their way out.

I have balanced my phone on a water cooler (and a lady just grabbed a drink and the whole thing wobbled!)

 

I just wanted to say, that today is about getting out and meeting people.

Because when you explain what you do to 130 people, you get it much clearer.

Also you are just amazed who you meet, I met someone and we are going to meet up and have a coffee to talk about collaborating, plus I learnt such a lot too, the speakers were excellent at always.

 

Don’t get stuck behind your computer. Get out and meet people, just every now and then.

 

Try and make it something that;

  1. You enjoy
  2. Your potential customers are here, because then you might get business too.

 

Thanks very much, see you next week.

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I Have Done My Tax Return, Now What?

I have done my tax return, now what?

 

So the first thing to do is to congratulate yourself.

 

Completing your tax return, or doing the figures, is an accomplishment to be celebrated.

 

So Congratulations.

 

Secondly, grab a nice cup of tea or whatever your prefer, get your figures out and have a look at them.

 

So what we are looking at, is from a numbers perspective.

You know how the year went, you were there.

Now we are looking at, what was the result of all that, in numbers.

 

If you get your figures out and look. What worked? What went well? What made money?

 

Second question, what didn’t work? What didn’t make money? What did you think was going to work but didn’t?

So essentially, What worked? What didn’t work?

 

Lastly, now you know that.

What are you going to do differently this year?

That can be really useful to look and one of the reasons to do your tax return in April.

 

What would you do differently this year, having looked your figures?

 

The very last thing to do, is to take your figures and put them conveniently in a file. I have one here marked tax.

 

The idea is to put your figures somewhere you can find them.

 

The other thing I do for the more advanced users is at the front of my file, I list how much tax I have to pay, so I know in January.

Also so I can look at a glance how much tax I have paid over the last few years. It is really handy.

 

That’s it, Congratulations.

 

Doing this now will save you so much time and money next year.

 

Thank you for watching.

 

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Relaxing Tax Returns

 

Relaxing Tax Returns

 

I am always looking for ways to feel good around money.

 

One of the surprising ways I have found is, yes I know, doing my tax return in April.

 

One of my clients turned up and she was so relaxed and calm.

 

I asked her “how come?” and she said “I have just done my tax return.” and I thought yes, I would like that feeling.

 

I have done my tax return in April ever since.

 

Now you could be one of the half a million people who wait until the very last day, 31st January, to do your return.

 

Or one of the 2000 people who do it on Christmas Day – not sure about that.

 

Personally, I like to get to the end of the tax year, gather everything together and do my figures.

 

Then start the new tax year fresh.

 

Not worrying I am going to find a receipt in 18 months’ time and trying to think ‘what on earth was that for?’.

 

Sometimes I pay at the same time, if it is a small amount.

 

Mostly I put a few reminders in my diary, not to spend the money at Christmas and to pay in the New Year.

 

Thank you for watching.

 

 

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Intuition versus Logic in Business?

Intuition versus Logic in Business?

If you want to be wildly successful, in the business of your dreams, you do actually need both.

 

Intuition is motivation, inspiration, passion and it all sounds very exciting.

 

Logic is work-ability, day to day practicality but it also ensures you make money.

 

Not so exciting for many people!

 

In fact, we tend to go one way of the other.

 

If you do want to be wildly successful,

then focus your time and money on both intuition and logic.

 

For support, contact me, Jenny@jennybracelin.co.uk

 

Thank you for watching.

 

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What is Coaching and Why Does it Work?

What is Coaching and Why Does it Work?

 

Essentially, it is just a conversation, but it is the quality of that conversation which produces the results.

 

There are so many definitions and types of coaching, it can be very confusing, even for me as a coach.

You have ‘performance coaching’ in sports to ‘non directional coaching’ in therapy.
Everyone seems to have their own view about what it is and how you do it.

 

Personally, I tend to use ‘transformational coaching’. That means I combine both the head and the heart, to achieve the desired result.

 

The International Coaching Federation (ICF) have their own definition and it is not too ‘management speak’ so I am going to read it out.

 

“Partnering with clients, in a thought-provoking and creative process, that inspires them to maximise, personal and professional potential.”

 

It does sound good, doesn’t it.

 

So why does it work?

 

Well I think there are lots of reasons for it working.

The particular ones I want to talk about today are:

 

Often we are inside our own head and can’t see ourselves.

A coach provides that external perspective

 

The other thing, is when is the last time, that someone really deeply listened to what you are saying, with a view to helping you, as opposed to replying or putting their point of view across?

 

The one key skill that all coaches agree on is that listening, particularly deep listening, is the most important thing.

 

Other skills they tend to have are ‘reflecting back’ so you hear what you say fresh, or asking questions.

 

Innocent questions because they don’t know you, to get you to the core of something.

Or challenging questions to stimulate a response.

They also hold you accountable, supportive, bring their expertise to a coaching session and I thing the one thing you perhaps don’t think of, is coaches are generally your biggest fan club.

 

They want you to succeed more than anyone, because they often become coaches to make a difference.

 

Coaching is essentially an opportunity, a modern opportunity, to spend time really looking at you and your life, as the main focus, and that’s why it works.

 

Thank you very much for watching.

 

 

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Are You Missing the Obvious?

Are you missing the obvious?

 

It can be hard to see ourselves.

Sometimes we struggle on, doing what we think we ‘should’ do, rather than actually what we want to do.

This is often obvious to everyone else but ourselves.

 

I had a client,

let’s call him Dave, he was a massage therapist.

He was kind caring and compassionate, wonderful strengths in a massage therapist.

 

He also had a lot of tattoos on his head, face, neck and forearms, not necessarily a problem, except for they were very, very scary and dark.

He felt that was a weakness, when he had gone round the local beauty salons trying to get work.

There was nothing he could do about it because he had so many and also because he felt they were part of him and part of his journey through life.

 

So I said to him

“Why did you start your business?”

He said

“Because I had a massage in prison, which really helped me overcome my addictions.  What I really want to do is work in prisons.”

 

I thought, yes actually, that is obvious, you would work very well in prisons.

Your scary tattoos would actually be a strength, as opposed to a weakness.

Yet he hadn’t done so because he just felt he needed some experience in beauty salons first!

 

Once I said no, just go for the prisons.

He did and got work in the local prisons and I am sure he made a huge difference to the inmates there.

 

So what are you missing that is obvious, perhaps to everyone else, but not yet to yourself?

 

Thank you for watching.

 

 

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Is There Anything I Need to Do With My Business Before the End of the Tax Year on 5th April 2017, in the UK?

 

Is there anything I need to do with my business before the end of the tax year on 5th April 2017?  (UK)

 

Now this is the time of year accountants and financial advisers get very excited, they are also quite often busy.

 

It is all to do with Tax Allowances, which I know sounds really boring but it is essentially the government’s way of encouraging us to do things , like savings and pensions and other things like that.

So before you glaze over and switch off.  I have made it as simple as possible.  So you can start your journey of understanding these things, because they are important and will provide for your financial future.

 

Let’s face it, most of us don’t get up in the morning going yeah! Let’s sort out our savings and pensions and tax allowances, how exciting!

 

So simple, so clear, let’s go.

 

If you bring home to you, less than £11,000, from all your jobs and businesses. That’s £11,000.

 

Here are my suggestions to consider.

 

Firstly

Putting some money in an emergency savings account – you know it is important, well now is the time to create or add to your emergency savings.

 

Secondly

To check your eligibility for the state pension, before you go ‘nooo, not relevant’ and dismiss it.

 

You only need 30 years of national insurance now to be eligible and if you are self-employed, it is actually a really good investment.

 

One they are probably going to change in a few years, so worth looking at this year.

 

This is the one thing I recommend you do – get a statement from the government on where you are with your state pension. click here to apply

 

So check out your state pension as it is a very good investment particularly when you are self-employed.

 

Lastly

Married Couples Allowance

I know it sounds archaic but was brought in by David Cameron and not of lot of people know about it.

It will give you £220 a year, so worth considering.  You can just apply online.

You are eligible if one partner is earning less than £11,000 and one partner is earning over £11,000.

Click here to apply.

 

I know, but you want to know these things, don’t you!

So that’s clear, if you are earning £11,000 or less. You can find out more on www.gov.co.uk

 

Let’s look at if you bring home over £11,000?

 

I have a few more tips to include.

 

The more you earn, the more important these things are to look at.

 

Firstly

Back to savings again – it is even more important now, that you have emergency savings.

When you earn over £11,000 you might want to put the money into an Individual Savings Account (ISA).

You will probably see lots of TV advertising and print advertising saying ‘Use your ISA Allowance’.

 

It is a place to put savings where we don’t get taxed, so well worth it if you pay tax, that’s an ISA.

 

In fact, the government has started a new Lifetime ISA if you are under 40 to encourage young people to save.  It is even better than a standard ISA.

http://www.moneysavingexpert.com/savings/lifetime-ISAs

 

Secondly

The second thing is a personal pension.

It is incredibly tax efficient to put money in a pension.

The government actively wants us to do it.

So once you start earning over £11,000 and definitely when you get to £43,000, you want to be putting money in a pension and providing for your future in some way or other.

 

Would recommend a financial adviser here or starting off with one of the simple ones, again check out https://www.gov.uk/personal-pensions-your-rights

 

Lastly

This is a business one

If you are about to make an expensive purchase anyway?  It can be worth consciously deciding which tax year to buy it in, either before or after the 5th of April.

Accountants get quite excited about this.

 

In conclusion

So that is it, not perhaps as complicated as you thought?

 

As I said, we never wake thinking, ‘let’s do the really complicated stuff today’ but it is worth it.

 

On this blog, as well as including the exciting things, I wanted to cover some of the more difficult things, people avoid, put off and generally blank!

 

The action for the end of the year,

well there is nothing you have to do but providing for your financial future is highly recommended.

 

Take one action today towards your future.  Put some money in savings and/or order your state pension statement.

 

Thank you very much for watching this, I have much respect for you watching these videos, particularly when they are about more difficult subjects. 

Thank you.  Jenny

 

 

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