2. Buying
I. Everything has a price.
If we have the right amount of money we can acquire anything under the sun. Everything can be bought and sold at a price even though that price may be, at times, beyond the amount we are willing to pay or, in most case, can afford.
However, in some rare situations, money may not be a factor at all. We might need to employ other means to adequately accomplish our goals.
II. Always purchase everything at the lowest price possible.
Products are sold at a marked up price to cover the cost of overheads, and to secure a profit at the end of sale; this is simply good business. However, in many instances, the prices of a product or service will be marked up unreasonably high.
To ensure that this is not a factor, shop around at various wholesalers and retailers and compare prices on the same items of interest to you. If the prices differ by a large margin, always buy the least expensive. If the price of a particular item is the same, yet the price is still more than you are willing to pay, or can afford at that time; you should request a cash discount and/or bargain for a better price.
Always remember, when shopping for anything, it's not about how much we spent but rather how much we’ve saved.
III. Never argue prices; there's always a better bargain somewhere else.
To avoid these types of situations; you must know beforehand what we are going to purchase, and how much money you are willing to spend on that particular item before you enter the store. Making a simple shopping list that carries a flat budget, and sticking with the items listed is most commonly the better way of shopping.
However, if store #1 is unwilling to give you a reasonable price on a particular item you wise to purchase, you should gracefully leave without buying anything and try again at store #2 or #3 until you get your deal. Whenever any store doesn’t have a particular item you would like to purchase, simply take your business to another store that does.
You can never afford to compromise when spending your money, nor allow others to dictate what you should or should not purchase. You need to understand that it’s your money, and you can spend your money on anything and anywhere on the face of this earth; nobody can’t stop you.
IV. Never buy anything that you have not personally examined.
Millions of unsuspecting buyers are robbed daily because they relied upon the sales pitch of the seller instead of carefully examining the merchandise for themselves before purchasing.
If you are, for any reason, unable and/or unqualified to competently examine a particular product that you would like to purchase; you ought to seek the help or service of someone personally known that is ably qualified to assist you. Both you and the expert together can effectively reach a prudent decision on whether to buy or not.
V. Never appear too eager to buy anything.
When anyone knows that they are in possession of anything that others may want or need, it puts them in an enviable position to demand whatever price they require to their benefit and our loss.
Purely based upon your enthusiasm, or lack thereof, towards anything you may want or need to purchase will determine the sellers price to either rise or fall. Therefore, when you are in the market to buy anything it is extremely imperative that you conceal our true emotions and intentions.
Always let the seller assume that you are not that interested in buying anything.
VI. Know at all time exactly how much money you have in your pocket.
This is to say that we must always keep an accurate account of all money’s in our possession. Sometimes we may get careless and loss our money, or forget to take a sufficient amount with us when going out for whatever reason. On many occasions, your money may have been stolen from your possessions without your knowledge of it being missing.
To avoid these kinds of situations, we should, within the confines of a privet area, and without the foreknowledge of others, make routine checks on our moneys. We should carefully count our moneys before and after buying anything. Check all sales receipts immediately after purchases, comparing each item and its corresponding price with the overall total cost, and verify that we have indeed received the correct items and amount of change.
All of this must be done while we are still in the presences of that particular person with which our cash transaction was completed.
VII. Never let anyone know exactly how much money you have.
This above all other reasons is why many persons are mugged and robbed each day. Whenever someone else knows exactly how much money we are carrying in our possessions, we automatically become a moving target for them to, at any time, free us of that burden.
Their scheme to free us of our money may range from a sudden friendly loan to arm robbery. Whatever and however the means employed, it is always best that we never allow anyone to know the full extent of our personal financial worth, or that we have money in our possession at any time.
Whenever possible, and by any means at our disposal, we must attempt with extreme prejudice to discourage and eliminate any chance of solicitation from freeloaders wanting an easy handout.
VIII. The best time to buy is when someone is desperate to sell.
This is a controversial strategy that ought to be used wisely for obvious reasons. When anyone is too eager to sell any merchandise, they are usually looking for fast money and are not really thinking about making themselves a profit. This therefore puts us in a position to bargain for the lowest price possible.
However, on the other hand, they might be trying to give the illusion of desperation in an attempt to lure us into purchasing their merchandise which, for marketing reasons, may have been:
A. Sold to secure a quick profit.
B. Damaged goods.
C. Stolen goods.
C. Stolen goods.
The two (2) techniques to follow are;
1. Know what you’re going to purchase before you enter the store.
2. Know what it will cost you before you spend a penny.
IX. Only buy what you need.
With many merchandise being sold daily it’s difficult to determine what quality goods are and what are not. Therefore, when we are shopping for any particular product or service, it is strongly advised to focus on what we need; paying close consideration to:
1. The reputation of the dealer or seller.
2. The manufacturers make and model.
3. Quality of product and service.
4. Expiration dates and packaging.
5. Extent of warrantees and coverage.
It’s your responsibility to spend money wisely and with good judgment; in doing so, you stand a far greater chance of preserving your hard earned wealth for future use.
X. Never buy what you can't resell.
How many things do we have laying around our home and office which we would rather sell but only to find out that the particular items only have meaningful value to ourselves?
This is a common mistake made by everyone but it’s a situation that can be easily resolved when we follow this simple buying technique; always invest in popular items. In doing this we assure ourselves of having something many others may like as much or more than us; making it fairly easier to resell if and whenever we feel it necessary.
This slight adjustment in our buying practice may take some getting use to but, in time, we will reap the financial rewards as we ourselves will soon find, as the seasons changes so does the value and need for most of the treasures we had over time acquired. The need for liquidating our accumulated assets will always be an essential factor toward personal growth, wealth creation and financial sustainability.
XI. Spend your money wisely.
Having money is a great responsibility, and how we spent our money is even greater. There can be no doubt in our minds that money is a very useful tool that can be used for evil and/or for good. Where, when and how we spend our money can very well determine what kind of future we, our family, our business and our country will enjoy.
We can no longer afford to purchase anything from anyone just because we have the money to do so, this would be highly irresponsible on our part. Whenever we spend our money, we are in the process of transferring wealth. The wealth that we transfer, in the right hands, can be used towards providing a stable economy or, in the wrong hands, can be used towards the destruction of society.
Knowledge is our only weapon against ignorance. What we choose to buy, where we choose to buy and when we choose to buy can make all the difference in the quality of life that we daily live. Remember, it's your money, and no one can force you to spend it on anything you don’t want or need, but you owe it to yourselves to spend your money wisely to benefit you in the most profitable way.
Stay tune for the exciting chapter 3 in our next blog update.... SELLING.
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