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The Tim Ferriss Show cover image

#371: Ramit Sethi — Automating Finances, Negotiating Prenups, Disagreeing with Tim, and More

The Tim Ferriss Show

NOTE

Negotiate, don’t settle

Cultivating the ability to negotiate rather than simply accepting conditions can lead to significant benefits. Engaging in small practices, such as requesting a discount at a coffee shop, helps build the skill of asking for what one wants. It reinforces the idea that in life, individuals don’t receive what they deserve but rather what they negotiate. Practical exercises, like negotiating late fees with a credit card company, illustrate the potential for control over personal finances. Many people inadvertently relinquish their agency by accepting fees and penalties without challenge. By proactively negotiating, individuals can reclaim financial control and recognize that many institutions are responsive to requests. Overall, the approach emphasizes the empowerment found in negotiation and the importance of not settling for less than what one desires.

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