Financial Freedom is Possible
I have seen it time and time again where people become trapped even enslaved by their finances and this is completely understandable so many of us have never received good education when it comes to handling our own personal finance as well you know I probably would be struggling today if it wasn't for my parents who taught me these principles at a very young age you know for me I almost make it a game where I want to see how low I can make my expenses because I know if my expenses are low I have freedom it almost doesn't matter what my income is if my expenses are low enough but despite all of that there is one interesting piece of this that I like to share with you and then is that companies are actively trying to get you to pay as much for their products as you possibly can this is there's actually books written on the subject see there are customers who have a low willingness to pay and there are customers who have a high willingness to pay so the company wants to charge the customers with a low willingness to pay a lower amount so they get that customer and then they want to charge the customers with a high willingness to pay a high amount so they can get more money from those customers a good example of this is the airline often times people can get the exact same seats in an airline for wildly different prices and they actually break up the market into different segments based upon the customers willingness to pay one simple example of this is that customers who come wanting to buy an airline ticket early are often vacation customers who have a very low willingness to pay and want the cheapest ticket but those who want to book later for a flight tend to be business customers who have a higher willingness to pay and therefore they get charged a whole lot more so one tip there is simply book your airline early another example of this is the internet providers providing internet to your home they offer a low introductory rate to get you in to their service and then your rate goes way up usually a lot higher after about a year now the magic here is that you can call your internet service provider asking to renew the discounted rate and often they'll they'll accept that and if they won't then you just tell them you want to quit and then they definitely will accept a lower rate now the magic behind that is that again they're breaking low and high willingness to pay customers if you're simply comfortable with their rate you're not going to call them in but those who want the lower rate will call in and they want to capture both groups so you have to learn how to play that game and become a low willingness to pay customer another interesting piece of this puzzle is interest rates often times you can get loans right you always want to fight for the lowest interest rate loans and you want to get different banks to quote you different proposals on those loans like a personal finance loan banks often recognize that customers want a lower payment so banks will be a little bit sneaky and that they will say hey we can your payment your monthly payment to a low low price of this but you're gonna spend I don't know a 10-year is paying this thing off like a car loan but you don't want to do that generally because the thing they'll sneak in there is they'll put a higher interest rate in in order to capture more money from you so there are all these little tricks in the world in some way is out to try to make you pay as much as you can or the companies are trying to do that so learn what they're doing so you can counteract that to be a low willingness to pay customer and get the same services that they're offering at a lower price I hope that helped
Posted from my blog with SteemPress : http://iread4u.live/2019/03/19/financial-freedom-is-possible/
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Posted from my blog with SteemPress : http://iread4u.live/2019/03/19/financial-freedom-is-possible/