The end of this negotiation series with the final tool you need in your toolbox As Chris often talks about, “In any given negotiation, both sides are hiding information.” Know this going in. Chris calls this a “black swan.” Chris explains, black swans are pieces of innocuous information that, if…

When negotiating, it’s always best to steer clear of a bargaining situation. But sometimes it’s unavoidable. Below are the stages of the Ackerman system. It’s paramount to employ tactical empathy between each round: Establish a target price for the goods you want to buy. Make an initial offer at 65…

Neuroscience teaches us that fear is a dominant factor in decision-making which makes “fear of loss” that much more powerful of a tool in negotiation. Loss aversion allows you to bend reality so it’s key to find out what the other side is in fear of losing. “Fear of loss…

Hey Teens! Wanna know more about types of taxes and the way they function? Let’s get started in here Taxes : When you earn any amount of money, which is your income, you must pay the government something called an ‘income tax’ on it. Why should we pay taxes to the government? As responsible citizens of the country, we must…

In this short lesson, we plunge into what Credit cards are all about and deconstruct it in s-i-m-p-l-e words, for you to understand. Credit cards : A credit card is a card that allows you to make purchases from any place that accepts such cards, on credit. The bank that gave you the…

The power of asking “No” questions instead of “Yes” questions. Does yes really always mean yes? Absolutely not. When we say yes, we’re committing to something. And immediately after we’ve committed, we begin worrying about what we’ve just signed up for. Which means, at best, every yes is a conditional…

In this blog, we we learn more about what’s inside of an account opening kit and the basic terms related to it. So let’s get started! Debit card : A debit card is a little card like the size of a visiting card. It has an electronic chip fixed in it. It allows…

What Is an Accusation Audit ? An Accusation Audit is an approach to negotiation in which you begin by defusing the negatives likely harbored by the other side when the conversation commences. …

In this blog, we learn the basic terminology of banking and the different roles of people in a bank. Customer service executive : A customer service executive helps someone who wants to open an account, also called an account-holder, with the bank. Different people have different roles to play in a bank Teller : Gives or…