This goes to the heart of negotiation. The reasons, or interests, that drive our negotiation.
0 Comments
As the year comes to an end, it's time to reflect. Hopefully we will have few regrets, and here are a few ways to help reduce the regrets.
I studied a little bit of the law covering mortgages when doing property law, but I've never understood all the different types of mortgages that are available in the market today. So I took a look, and I was shocked to find so many kinds.
It seems Danish tertiary students are taking longer to graduate due to free tuition and a stipend.
Mindfulness is a buzzword nowadays. Everyone seems to be engaged in it. I'd like to make an argument for making thoughtfulness, or othermindedness, a buzzword as well. Inc. recommends 7 habits to help you be thoughtful.
A few things to note on negotiating with your boss:
Know your interests: if you don't, how will you know when you've gotten what you want? Remember that wanting a raise is a position or an option. Ultimately, you need to know why you want a raise. Know your boss' interests: if the entire negotiation is going to be "me, me, me", I guarantee you that 90% of the time it will be "no, no, no". You know your interests, and you can guess your boss' interests. Any option you throw out should meet your interests and your boss' interests. When communicating, try to couch the option in terms that meets your boss' interests. Generate options: Sometimes the best option for you may not be the one that is best for your boss. You've got to have a host of options that could work for both of you. Then propose. See which one's stick. Don't be afraid to revisit the negotiation: let's say a less optimal (for you) option was picked. After some time you can show your boss how the option has worked to meet your boss' interest. Now pitch the more optimal (for you) option, sharing how it will further enhance the gains the less optimal option has generated for your boss. As you and your boss have a long-ish term relationship, trust building can be important, and time may be on your side. Been trying to figure out my retirement plans.
I'm minded of the 4 risks that I will face at retirement:
It's really tough sometimes because if you don't know when you'll die or when you'll need money (especially if you fall sick) it's tough. You can plan for worst case scenarios but that means a lot of money is going into the "what ifs" prevention plan. If you plan for the best case scenario then you could end up not having enough for that rainy day. Every financial institution has some plan to sell you that will solve all your problems, but, honestly, I'm not sure. I'm still trying to figure out my retirement plan, and the path I should chart. I know I need to have some means of monthly income on top of CPF Life. I also know I need to have some hedging (probably via insurance) against major illnesses as I age. I also need to make sure the money does not run out in case I live too long. And need to ensure that I can stick to my retirement budget (or, conversely, have enough money to fulfill my retirement plans). If anyone has any good ideas to share, let me know. It seems the Norwegians have an affinity for Game of Thrones (GoT), to the point that a Norwegian business school uses GoT as an example for leadership. Maybe not so surprising considering Winter is something Norwegians live with (maybe the Russians are the white walkers to them).
Disclaimer: This is entirely my own opinion, and I am not a trained financial consultant/ adviser. If you want me to recommend you one, I have some friends who would love to render professional financial advice.
Forbes had an article on how your retirement planning is similar to the Republican's tax plans: overly optimistic about the future. So here's to pessimistic investing. Seems like a fun place to bring the kids over the weekend. |
AuthorLate 30s. Dad. Thinking about life, family, work, and retirement. Sharing those thoughts with others Categories
All
Archives
May 2018
|