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Money Guy Show

Top 5 Negotiating Strategies to Save You Money!

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.73.1K Ratings

🗓️ 26 February 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

If you interact with any other human beings, you are involved in negotiations! At its heart, the art of negotiation is an interpersonal skill that can not only help you save money, but can make you a better friend, co-worker, partner, or boss. Too often we think one person wins and the other loses when negotiating. That is not the case! It is all about setting aside your own desires long enough to learn about another person. This episode will show you our top five tips to transform your personal and professional interactions for the better. For more information, visit: https://www.moneyguy.com/2021/02/top-5-negotiating-strategies-to-save-you-money/(opens in a new tab) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

5. Negotiating Strategies to Help You Save Money

0:04.0

It's Brian Preston, the Money Guy, restoring order to your financial chaos, retirement,

0:11.2

investing, taxing.

0:13.0

You've got financial questions, he's got financial answers.

0:16.6

It's Brian Preston, the Money Guy.

0:20.0

Brian, I am super excited about today's show because all of us, no matter what we do

0:25.1

for a living, no matter what our vocation is, no matter how we spend our days, we are

0:31.1

involved in negotiations.

0:33.1

Now, it may not be sales and it may not be the traditional type of negotiations, but

0:37.4

if you interact with other human beings, you are involved in negotiations.

0:42.0

What I like about negotiating is it's very similar to all other things financial and the

0:47.0

fact that the more preparation, the more planning you do, usually the more rewarded you are.

0:52.4

I like that. That feels like all is good in the universe that you are rewarded for taking

0:58.5

extra time to do research, to figure things out.

1:01.0

That's why we came up with five tactics you can use personally to save money.

1:05.9

This is what I'm excited about because when I think about negotiations, generally speaking,

1:11.2

I think about a winner and a loser.

1:13.2

The folks that we perceive as being good negotiators or the folks who always get their way or

1:18.3

accomplish their goal or fill in the blank and it's always like this win-lose type scenario.

1:24.0

What I love about the five things that we're going to lay out today is it's not so adversarial.

1:29.6

It's not so aggressive and not so combative.

1:34.0

It's a different way to approach how you negotiate with others.

...

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