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1. You must have a deep desire to learn. Read all of the articles, because many times you will find information in them that you were not looking for.

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TEN COMMANDMENTS OF FINANCIAL FREEDOM

1. Thou shalt spend less than you earn
2. Thou shall comparison Shop
3. Thou shall tame your driving addiction
4. Thou shall buy used (including your vehicle)
5. Thou shall cut up your credit cards
6. Thou shall buy according to thy needs
7. Thou shall stop eating out
8. Thou shall regulate thy utility use
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Tuesday, July 21, 2009

Learn to negotiate properly

Photo by Orchestra man
Learning how to negotiate properly is a very important skill to have and is Darwinian in nature. (Survival of the fittest). Many people drop the buzzword without really understanding what exactly it means, and just how powerful it can be for personal success and satisfaction.
Here are some tips that have worked for me throughout the years that when done properly yield immediate results. If you're a pinhead then have someone else do your negotiating such as a friend or a lawyer, and remember don't try this at home kids.

-----------------------------------------------------------------------------------1) Learn to jerk and flinch. This is one of the oldest tactics for negotiating but also one of the least used. A sudden jerk is a noticeable response to an offer or price. The objective of this negotiation tactic is to make the other person feel uncomfortable about their offer.

2) Recognize that people often ask for more than what they expect to receive.This means you need to defy the temptation to routinely reduce your price or offer a discount. I once asked for a large discount on a television hoping to get 1/2 of what I had asked for. I was pleasurably surprised when the shop owner agreed.

3) The person holding the most information does the best. You will need to learn as much as possible about the other person's situation.

4) Practice at every opportunity. People waver to negotiate because they don’t have the confidence needed. Develop confidence by negotiating at every chance you get. Ask for discounts everywhere. Cultivate the habit of asking for a price break when you buy from a retail store.
Here are a few questions or statements you can use to practice your negotiation skills:"
Is that your best price?"
That's way too expensive for XYZ." Wait for their response, and learn to flinch.

5) Retain your walking away power. It is always a much better decision to walk away from something rather than make too large a concession or cut the price of your product or service too deeply. Negotiating is a way of life in many cultures and is picking up steam in the United States. Apply these tactics and you will observe diversity in your negotiation skills immediately.

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