The Best Leverage is Having the Will to Walk Away from a Deal

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.8 • 2.1K Ratings

🗓️ 19 October 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Don't be afraid to say "No" if the deal doesn't work for you...
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Transcript

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0:00.0	If I go into any situation, I usually feel like I have good leverage because I'm not afraid to walk
0:06.6	away or say no. I was just about to say that. Yeah. Because the best leverage is always, I don't
0:12.4	care if this deal happens or not. Correct. Yeah. The one who is willing to walk away always has
0:18.4	the best leverage. I mean, that's always good leverage, right? So, but you want to wait to have
0:26.2	your conversation until you know you're pretty airtight. Yeah. Yeah. Because like just thinking
0:35.6	through this through the different deals I do, it's like, okay, if I'm in a real estate deal and
0:40.2	I'm talking to a seller, I'm like, that didn't change my life whether I buy your home or not.
0:44.6	It's not going to matter to me, right? One way or the other, I'm going to be fine. And so you have
0:48.4	all the leverage to not come off as knee and like, oh, I got to have this deal. If I don't have this
0:53.7	deal and it doesn't happen, what's going to happen? Like that's weak leverage. But when you can
0:57.6	walk away because you truly, it you will be indifferent either way, it just makes negotiating way
1:05.0	easier. Well, that's always the one, the one who doesn't care about whether or not it happens is
1:12.8	always the one who's going to have good leverage, right? And looking at whether or not the narcissist
1:18.7	has that leverage too. I mean, a lot of times with the narcissist, they're like, they want to get
1:25.3	on to their next thing. They want to because they're, you know, they're impatient. Yeah. And they
1:30.6	they may have found a new source of supply. They may have found their next thing that they want to
1:36.0	get to. That's good leverage for you if you have found that. And they don't want to be exposed to
1:41.6	that next person, especially if they've left damage in their wake, that might be good leverage too.
1:46.8	Yeah. So, you know, you got to take a look at whether or not that might be something that you can
1:52.1	potentially use. I call it ethically manipulating the manipulator, you know? Yeah. I mean, use what
1:58.3	you've got. Yeah. For sure. I mean, they're going to create their own roadblocks, throw it at them
2:04.6	or their own damage. Yeah. So what what's the next step in the process? So anticipate what
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