Learn more about moneyandinvestments with this collection
Effective communication
Persuasion techniques
Closing a sale
Convenience Stores
Convenience stores add a huge markup because they don't purchase food in large quantities. They make you pay more for the convenience they provide.
Unless it's an emergency situation, avoid shopping at convenience stores.
379
2.28K reads
MORE IDEAS ON THIS
Annual Credit Card Fees
Most people should not be paying annual credit card fees.
A host of Visa, MasterCard and Discover cards have no annual fee, yet many people pay $100 or more a year for the privilege of holding a premium credit card.
275
1.45K reads
Cell Phone Plans
Using a cell phone plan that does not suit your needs, or paying for extra services that you do not use can be costing you money each month.
Compare and determine which plan provides the most value based on your needs. Get rid of the extra features like ...
332
1.16K reads
Unnecessary Bank Fees
If you don't know what fees your accounts are subject to, spend a few minutes finding out.
Examine the rules governing your checking and savings accounts. Consider consolidating bank accounts to...
295
1.18K reads
Magazines
If you like to pick up your favorite magazine from the local store, consider getting an annual subscription.
The cost of a couple of issues at the newsstand is enough to cover the entire annual subscription.
259
1.22K reads
Soft Drinks at Restaurants
Soft drinks have one of the highest markups of any restaurant item and thus provide lower value for your money.
Dine out, but consider to rather opt for water.
340
1.46K reads
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Get the price of manufacturing down 🔻
If your product costs more to produce than it does for the retailer to sell, then there’s no point trying to get it into stores. Retailers want at least two or three times markup on the wholesale price that they will pay for your items, so you need to work out how much this is an...
Elon Musk's management rules
- No large meetings unless they're of value to everyone.
- Don't have frequent meetings unless the matter is truly urgent.
- If you are not adding value to a meeting, walk out.
- Don't use acronyms and nonsense words for objects, software, or processes.
Smart retirement planning boils down to a few simple truths.
- Time is on your side. The earlier you start saving money, the more time you give compounding to work for you.
- Take risks when you're young. Although stocks are three times more volatile than government bonds, it earns nearly twice the average annual return.
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