Andrew Lokenauth Profile picture
Jul 7 12 tweets 3 min read Twitter logo Read on Twitter
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:

• RT the FIRST tweet to share🔁
• Follow me @FluentInFinance for more
• Sign-up for my newsletter to learn more about money: !TheMoneyNewsletter.com

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More from @FluentInFinance

Jul 9
If you win this week's $650 Million lottery jackpot (the 10th largest in history), here are 6 things to do ASAP:

1) NEVER sign the ticket (because you want to set up a trust & stay anonymous)

2) NEVER tell anyone so you don't become a victim of robbery, extortion or death
3) Make copies of the ticket (then hide it somewhere safe).

Make both digital & print copies of the ticket, on both sides.

Protect the ticket somewhere safe in case you lose the original copy.

Keep digital copies of the ticket in encrypted cloud storage and an external drive.
4) Hire these 6 professionals:

• Lawyer
• Security
• Accountant
• Tax Attorney
• Financial advisor
• Estate planning attorney

A lawyer can advise if you can accept the money anonymously (6 states allow it: Delaware, Kanas, North Dakota, Ohio, South Carolina, or Maryland)
Read 8 tweets
Jul 8
10 money lessons I know at 35, I wish I knew at 25 (if you want to be better with money, read this):
1) Surround yourself with the right network:

I used to think making $1 million in a year was impossible until I started hanging out with people making $10 million a year.

Once you change the way you see things, the things you see will start to change.

Wealth is a mindset.
2) Avoid lifestyle inflation:

Lifestyle inflation is when you increase your spending as your income increases.

By avoiding it, you ensure you're investing enough of your income over time, which is crucial for building wealth.

Making more money won't fix bad spending habits.
Read 13 tweets
Jul 7
Microsoft Excel shortcuts A to Z to maximize your productivity 10x (bookmark these for later):

CTRL + A ➡️ Select All

CTRL + B ➡️ Toggle BOLD (font)

CTRL + C ➡️ Copy

CTRL + D ➡️ Fill Down

CTRL + E ➡️ Flash Fill

CTRL + F ➡️ Find

CTRL + G ➡️ Go To

🧵H to Z:
CTRL + H ➡️ Find and Replace

CTRL + I ➡️ Toggle Italic (font)

CTRL + J ➡️ Input line break (in Find and Replace)

CTRL + K ➡️ Insert Hyperlink

CTRL + L ➡️ Insert Excel Table

CTRL + M ➡️ Not Assigned

CTRL + N ➡️ New Workbook

🧵O to Z:
CTRL + O ➡️ Open

CTRL + P ➡️ Print

CTRL + Q ➡️ Quick Analysis

CTRL + R ➡️ Fill Right

CTRL + S ➡️ Save

CTRL + T ➡️ Insert Excel Table

CTRL + U ➡️ Toggle underline (font)

🧵V to Z:
Read 5 tweets
Jul 5
Taxes are your biggest expense in life so strategic tax planning is a must, pay your legal share and not a dollar more.

Tax code is over 75,000 pages and the wealthy use every page to legally avoid taxes (and you should too)

Here are 7 tax tips that can save thousands:
1) Business Expenses:

Business owners can claim many deductions that salaried employees cannot, such as:

• Travel
• Supplies
• Advertising
• Vehicle expenses
• Home office costs
• Internet & phone bills
• Health insurance premiums
• Education & professional development
2) Agusta Rule (Section 280A):

Allows homeowners to rent out their homes for up to 14 days per year without having to pay tax on rental income.

If you own a business, you can host a team retreat, party, event, or meeting at your home, and rent it out to your own business.
Read 13 tweets
Jul 4
Age at first $1 Billion:

• 23 Mark Zuckerberg
• 31 Elon Musk
• 31 Bill Gates
• 32 Rihanna
• 35 Jeff Bezos
• 35 Steve Jobs
• 39 Beyoncé
• 40 Oprah
• 42 Jay-Z
• 51 Michael Jordan
• 56 Warren Buffett

1 important lesson from each:
The most important investment you can make is an investment in yourself. The more you learn, the more you can earn

― Warren Buffett
I can accept failure because everyone fails at something, but I can't accept not trying

― Michael Jordan
Read 12 tweets
Jul 3
If you want to maximize your earning potential, master the job interview process.

I've received many job offers because I was prepared for the interview, not because I was the "smartest".

Here are 11 common interview questions with tips to master each, so you get a job offer:
1) What do you consider your greatest weakness?

• Start with "I'm not sure about my greatest weakness but I can talk about a weakness in the past and how I overcame it"

• Use this to highlight a past weakness and the steps you took to overcome it and demonstrate your growth
2) What sets you apart from other candidates?

• Use this question to highlight your top 5 strengths directly related to this role (from the job description)

• Look to see which strengths they are looking for, and give examples of you possessing these traits in prior roles
Read 20 tweets

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