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In the video, the speaker addresses the importance of reference letters for nannies, highlighting that while many nannies have good references, they often lack written letters. A strong portfolio with references is crucial for professional nannies. The first tip given is to request a reference letter when you realize your employment is ending—whether due to the family's circumstances or your choice. This is the optimal time to ask for a written reference, which can greatly assist in securing future work. If the family agrees to provide a reference, it is advised to express gratitude and then patiently wait for it to be written.