FMOOD 0071: Negotiate Everything!

Wise (and rich) folks will tell you that everything is negotiable. Whether you are a buyer or a seller, you'll want to brush up on your negotiation skills. Knowledge is power when it comes to negotiating, so make sure that you do your homework before you start your negotiation process. You'll want to have as much organized information as possible before you come to the table, so it is important to plan ahead before you begin any type of negotiation. A general rule of thumb to follow is the larger the purchase, the longer it should take for you to properly plan beforehand.   Negotiations aren't meant to cheat the other party. On the contrary, the point of negotiating is to come to reasonable terms on both sides of the equation. This is true whether you are purchasing a vehicle, buying a home, or even talking to a potential employer about how much your salary will be. The more that you learn to find opportunities to negotiate, the more income you will earn, the less you will spend on purchases, and the more you will make on anything that you are selling.   For updates and more, follow me on Twitter @fmoodpodcast or on Facebook at http://facebook.com/followmeoutofdebt.