David Finkel's Wealth Blog: Wealth Tip 18: Negotiation is a Skill that must be Practiced to be Mastered

Sunday, October 22, 2006

Wealth Tip 18: Negotiation is a Skill that must be Practiced to be Mastered

While you can learn a tremendous amount about negotiation through reading and listening, ultimately to put this knowledge into action in the real world will require regular practice. Here are three places for you to practice your developing negotiation skills with little risk.

1. At local garage sales or flea markets – both as a buyer and as a seller
2. At your local shopping mall (negotiate a discount or other extras the next time you buy clothing, jewelry, or luggage)
3. When you travel (negotiate for a free upgrade at the hotel or rental car lot, or perhaps for a lower price on a city tour, or other perk)

Over time you will find that you start to incorporate your new skills when you are at work, with your family, and in your local community. In the long run this will make your wealth building faster, easier, and more enjoyable.

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