Top 3 Reasons People Stay broke

Step 1 👉🏻 Visualize being rich
Step 2 👉🏻 Do nothing
Step 3 👉🏻 Repeat steps 1 and 2

The above is meant to be humorous but I have encountered people who think just visualizing and doing positive affirmations and believing that they'll be rich is going to get them rich.

Sorry to share the news, but NO that won't get you anywhere if you don't take any action. Visualization and positive affirmations are there to provide you a tool so you can take inspired actions that can propel you towards the goals you visualize about. 

Also hiring a coach won't get you anywhere if you don't do the work. We can only lead the horse to water but we can't make them drink.


Christine Teh is a personal finance coach who lives in Silicon Valley and serve clients virtually. She also offers tax preparation and consulting services and LinkedIn coaching as well.

Schedule a complimentary chat now to see if her financial coaching services are right for you!
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What about money are you grateful for?

Remember you attract more of what you’re grateful for.

So let me start by sharing my top 5 reasons I’m grateful about money.

• Money allowed me to buy a home I love and not worry about rising rents

, especially in Silicon Valley, where rents are always increasing.

• Money allowed me to live a lifestyle that I love.
• Money allowed me to pay for insurance for myself and for my fur babies. Remember, you don’t want to not have insurance. Life happens and just think about how much it would cost you if you got coronavirus and you have to stay in the hospital for a while.
• Money allows me to send money to my family in the Philippines. My family may be considered poor by some people so I am grateful that when my mom needs money, I can gladly send it to her.
• Money allowed me to save enough in my emergency fund so I don’t have to panic during the next few months while the vaccination for Covid-19 is still being worked on.

So now it’s your turn, what are you grateful for money? What has money done for you? 
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Christine Teh is a personal finance coach who lives in Silicon Valley and serve clients virtually. She also offers tax preparation and consulting services and LinkedIn coaching as well.

Schedule a complimentary chat now to see if her financial coaching services are right for you!
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Is having credit cards bad?

Should we all just use cash and debit card?

I personally love using credit cards and my goal actually is for my clients to be able to use this responsibly unless they choose not to.

There’s absolutely nothing wrong with credit cards. I don’t believe in just using cash and debit for the rest of your life. Credit cards are amazing if used appropriately and responsibly.

Like with money, it’s just a tool. If used appropriately, can give you lots of “rewards”.  Points, cash back, travel benefits to name a few...

On top of the rewards I listed, you also have protection. Just think about if you paid some stranger or store using cash or debit. Your money is gone and getting them back would be harder versus you calling your bank and disputing a charge on your credit card.

To me the safety protection I just mentioned above is the most important. I don’t have to ever worry when I make a transaction.

If someone steals my credit card number, I can always call and get another card. Hopefully that doesn’t happen too often but it has happened to me in the past.
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Again, I would never recommend or encourage anyone, much less my clients to use credit cards until they “graduated”. Graduated means they have built a strong relationship with money, they are confident to always be on positive cash flow and know how to handle the nuances and emergencies life throws at the  without freaking out and going negative and carrying balances on their card.
So what do you think?


Christine Teh is a personal finance coach who lives in Silicon Valley and serve clients virtually. She also offers tax preparation and consulting services and LinkedIn coaching as well.

Schedule a complimentary chat now to see if her financial coaching services are right for you!

Want to start practicing financial self-awareness and you don’t have a budget?

Print out your last month’s statements.

I want you to highlight one color those that you need and highlight another color those that you want.

Let's say you highlight pink those that you want and green those that you need.

Add them up after.

What color stands out more? Is it the pink or the green?
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How much did you end up spending on wants versus needs?

Were you able to afford all your wants?

Did you charge that on your credit card?

Were you able to pay off your credit card?

The key to having a great relationship with money is astute financial awareness.

This is the first step to building that awareness. Afraid to look? You might need a financial coach to help you through that. Perhaps you have some trauma or issues to work through and that's where I can help out.

If you haven’t learned how to budget yet, check out the affordable budgeting course I offer. 

Start now. This will cost you much more later.

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Christine Teh is a personal finance coach who lives in Silicon Valley and serve clients virtually. She also offers tax preparation and consulting services and LinkedIn coaching as well.

Schedule a complimentary chat now to see if my financial coaching service is right for you!
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Do you think you have a good relationship with money?

Having a great relationship is critical to being successful around money!

Below are the top signs that you DO have a good relationship.

1.  You pay attention to money and know where it goes.
   
      People who do not want to see where their money goes typically have had a traumatic experience around it. Remember, what you don't heal will keep coming up. Think of it as a wound, if you have a wound, do you think not paying attention to it would help? 
      How do you start paying attention? Start with a budget! It is so important that you have a budgeting system that works for you. If you don't know where to start. I have an easy online affordable online budgeting course  to get you started!

2.  You feel good when you think about money

      When you think about money, you don't feel stressed. You don't lose sleep and have a general sense of peace whenever you think about money because you have done your best to take care of money's needs. Yes, some stress might come up, especially with the coronavirus going on lately but it doesn't sway you.

3.  Your money is working for you without the need to micromanage it

      It's not rocket science to know how investments work and to learn how to make money work for you. The assumption that you have to constantly micromanage your money for it to grow is a myth. You also don't have to pay someone a lot of money to learn how to manage your own finances.     

4.  Your money got your back

      Because you have taken care of money and make sure you met money's needs, money will take care of you back.

5.  You’re not afraid of economic downturns 

      Whether you get laid off or recession happens like right now. You don't lose sleep over it. I also wrote an article regarding being laid off.

6.  You have regular money dates to check in with each other

      This is where having a budget comes in! You check in with you budget regularly and when you have to buy something new, you confide in your budget.
       Don't have a budget? Check out my course. 

7.  You’re not afraid to work out any issues with money

      Let's say you are in debt or things came up this month that you have to spend more money. What should you do? Most people just charge it to their credit card and then deal with it after. You don't want to do that. You have to look at your budget and plan it out. How can you pay for that extra expense? What do you have to move around in your budget to do that? Do I have enough savings to pad this negative month? Can I make the negative cash flow this month in the following month?
      You can't be afraid to ask yourself these questions and deal with it right there.

Having a great #relationship with money is important. 

This is one of the foundational part of the coaching work I do for my clients. 

Anything else you would like to add to the list above? ?

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Christine Teh is a personal finance coach who lives in Silicon Valley and serve clients virtually. She also offers tax preparation and consulting services and LinkedIn coaching as well.

Schedule a complimentary chat now to see if my financial coaching service is right for you!
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