The first rune of the Elder Futhark, Fehu, is phonetically “F.” Fehu is connected to Freya. Its direct meaning is the relationship to the land. It is stated that it means Cattle or Wealth. From Freya Aswynn it is connected to the word “fee.” It could mean any money or currency. Its connected to Freyja. Fehu’s elements are earth and fire.

It is the First Rune in the Freyja and/or Freyr aett. I have only seen one place were it was connected to Freyr’s aett. Most agree that it is only Freyja’s aett. Since they are twins, I am not sure. I see its connection to both. The first aett  represents the first steps of a journey.  The journey would be in understand the physical to prepare for the next steps in the spiritual paths in the next two aetts.

Fehu is often perceived as wealth. However, it is less about wealth and more about how your life is effected by its surroundings. If you look at cattle, in the old days cattle meant if you could make it through winter.

I like this take on the rune: Magdalena. They propose that the reason its connected to Frejya is because Freyja is a love (and war) goddess.  This is connected to the circulation an emotion.  When you show emotions, you will also receive emotions.

I really like the Norwegian poem for this rune:
Wealth is a source of discord among kinsmen;
the wolf lives in the forest.

In a rune reading. It can mean any of the following:

• Energy to get you to go to work
• Potential Energy
• The wolf that lurks in the forest
• Luck and wealth close together
• Ability
• Spirits of place
• Gain in work field
• Money Wealth
• Social Success
• Personal Power
• Property

Its inverse could mean:

• No backing
• You don’t have what takes.

My personal view: I started wearing Fehu around the 14th of the month, which helps to remind me to meditate on the rune. I feel it has been pushing me to do more. It also has a connection with personal greed. What do you need, and why do you need it. What will it take to survive. Does something hold you back? If it does stop doing that. That’s the wolf in the forest.

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Added Notes 06-05-2018:

As I wear Fehu for the month. I have deepened my connection to Fehu. I do see the Freyja and fee. I see a little more now. The term Cattle is food. You eat the food to make it through the winter. That is the fee to survive the winter. You also dont want to show off you wealth. Imagine you were starving, they have food. This would be the wolf in the forest. If you share your food openly. You help create the bonds to make it through.

It does not mean you will make it through the winter. It means you have the tools to make it through the winter.