Everything in life is negotiable, and not negotiating will cost you thousands in life.
Negotiation is the most important skill for building wealth.
Here are 10 negotiation tips everyone should learn:
1) Everything in life is negotiable:
Negotiating is a very important skill when it comes to building wealth.
Whether you're negotiating a raise for work, the price of a car or home, or the interest rate on a loan, learning to negotiate will save money & increase your wealth.
2) Not negotiating your salary will cost you thousands over the course of your career.
If you don't negotiate your salary, you are leaving money on the table that you could have had if you had just asked.
Most employers have flexibility when it comes to salary.
3) Build a case for why you deserve a higher salary.
Write down all the skills and experience you bring to the table, and how they add value to the company.
Most employers will pay a premium for new hires with fresh perspectives and skills, so always negotiate your salary.
4) Many people don't realize that they can negotiate their bills to get lower prices (cable, internet service, etc)
There are many methods from "threatening" to switch to a different provider, negotiating during a sales promotion, mentioning loyalty or problems with your service
5) Negotiating the price of a car or home will save you thousands:
The best time to buy a car is at the end of the month, as dealerships have sales targets to meet and are more willing to negotiate on price.
6) Negotiate lower interest rates:
If you have a good payment history & are in good standing with your lender, they may be willing to lower your rates.
If you have debt, call your lender & ask for a lower interest rate, it will help you pay them back faster.
7) Negotiate Medical Bills:
Hospitals are willing to negotiate if you pay out of pocket, also, many bills have errors so request itemized bills
8) There is a FREE course on Negotiation from the University of Michigan, "Successful Negotiation: Essential Strategies and Skills"
It will help you build negotiation skills and learn how to apply negotiation strategies to your life:
9) Never be afraid to negotiate:
The fear of rejection stops many people from negotiating. However, remember that negotiation is a two-way street.
The worst that can happen is that the other party says no, but the best-case scenario can lead to significant savings or gains.
10) Negotiation is a skill that can be learned, and like any skill, it improves with practice.
Start with smaller negotiations, like bargaining at a local market or negotiating with your cable provider.
You may not always get what you want on the first try but don't give up.
To get what you want in life you must learn to negotiate. These threads take time to write so if you found it helpful please:
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