Wealth Tip of the Day for Thursday, October 19, 2006

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Hi this is Diane Kennedy. Today is Day 18 of the 30-day Coundown to the release of my new book, The Maui Millionaires™ that I co-wrote the book with David Finkel. The book is scheduled to be released on November 3, 2006, and from now until then I’ll be checking in every day with a Wealth Tip excerpt from the book, written either by myself or by my co-author, David Finkel.

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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