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The Personal Finance Podcast

How to Negotiate Your Bills (and Save over Six-Figures!)

The Personal Finance Podcast

Andrew Giancola

Business, Entrepreneurship, Investing

4.7 • 1.4K Ratings

šŸ—“ļø 21 October 2020

ā±ļø 24 minutes

šŸ§¾ļø Download transcript

Summary

Episode 24: How to Negotiate Your Bills (and Save over Six-Figures!) In this episode we cover:Ā  How to Negotiate Your BillsĀ  Why negotiating your bills will save you 6 figuresĀ  What bills are the best to negotiateĀ  What to say when negotiatingĀ  RESOURCES: M1 Finance Best Place to InvestĀ  Personal Capital Free Wealth Management and Budget AppĀ  CIT BANK (Best Savings Account) **Ā Some links may be an affiliate link and we earn a small commission at no extra cost to you. We only recommend products we truly believe in.Ā  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

On this episode of the Personal Finance Podcast, we're going to talk about how you can negotiate your bills

0:06.9

and save yourself an additional six figures in retirement. environment. What's up everybody and welcome to the personal finance podcast? I'm your host Andrew

0:32.2

founder of Dollar After Dollar.com, and today on the

0:36.4

podcast we're going to be talking about how you can negotiate your bills and

0:41.2

save yourself an additional six figures.

0:45.0

And negotiating your bills is something you have to understand takes a little bit of practice.

0:48.0

And it takes a little bit of research beforehand to be able to do this.

0:51.0

But there's a bunch of great benefits to negotiating your bills.

0:54.4

And there's a bunch of reasons why you would want to actually

0:56.1

take the time to do this.

0:58.3

The first of which is, let's say you negotiate down a few bills.

1:02.0

And we'll talk about some of the bills that you can

1:03.5

negotiate down here shortly but let's say you negotiate down a few bills and you save

1:07.9

an additional $100 a month collectively between all those negotiations.

1:12.3

Now I think you can save a lot more by negotiating your bills,

1:14.5

but let's just say that you save an extra hundred bucks.

1:17.0

Well that's $1,200 a year,

1:19.0

and if that took you one hour, you just made $1,200 in one hour.

1:22.0

But here's the bigger picture with the same action items here.

1:25.0

If you invest $1,200 a year with an 8% rate of return,

1:29.0

which is the average for an index fund,

1:31.0

over the course of 30 years, you're going to have 135,000

...

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