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Sunday, February 21, 2016

TNT :Bank Strategies from what I have heard by Bita, 21 FEB

    • Bita said
      04:20 AM Feb 21, 2016
    I need help. Would like TNT family to critique this.

    1.Bluff them.If they offer you  $2.00 for the Dong, say in return I heard you are getting at least $10. can you do better? On the Dinar we heard two years ago it was $32.00 per dinar. Rupiah try $15.00.  Zim will be worth over $15.00  don't wait on this one it will be years before it will be this high and your Zim will be out date for us to exchange. going rate now is .30 to .65 cents. Some took the sucker rate of .3 cents.  Banks are going to make big time monies which  is fine but they don't need most of it. NEGOTIATE !!!!
    2. If you are not happy with the rate scoot your chair bank and start to get up they will change their minds and give you a higher rate.
    3. Just before you sign, stop and do a Donald Trump and say I want another 5% across the board.
    4. Ask what is the currency exchange is and what will be my NET worth. Banks may take out a fee for the exchange rate. You can negotiate that rate also. You can say will you will be making 1% over night why are you getting an exchange fee?
    5. Take a calculator and pad and pen wright everything down.
    5. If you don't understand call me. Many know how I am or know someone that knows me. 
     
     
    Remember banks want your monies they  don't want you to go to another bank,  MAKE A DEAL. You are in control. 
    TNT is the very BEST GO RV!!!!!


    -- 
    Mother Tucker
    • SUGGAR said
      04:57 AM Feb 21, 2016
    Please remember that the bank always has the ability to walk away if they feel that anyone is too aggressive and it can be up to the one person the one with whom you are talking.......I agree with the basic Idea of the piece just with a lot more farness.....smoothness......I think that if you don't already know this person you have about 5minutes to develop a relationship with them one that has been told for years that this thing is fake......and they are not invested.......Easy Does It ......
    .....what would you do in their place......  
    • Bita said
      05:14 AM Feb 21, 2016
    Thank you, I needed this.
    • hijack said
      05:22 AM Feb 21, 2016
    Don't let GREED override your negotiation process preparedness skills.
    We each should have a number that we have set that we know we can live with financially for the rest of our lives and beyond.

    I only focus on that magic number for me, not what i am hearing, which may or may not be true.

    If i get my number or anything close(above or just below it) i can live with that because we all should have a plan in place to make our money grow post RV instead of trying to predict or expect what a rate will be.

    We should all expect to be READY.



    -- Edited by hijack on Sunday 21st of February 2016 05:22:45 AM
    • Tndr said
      05:22 AM Feb 21, 2016
    Look for the win/win Bita. The banks are used to winning so do lean to your own win, for sure. But, balance to include you are showing them you are looking for a long lasting business relationship will be vital to the best outcome on the exchange. Do show strength but not with arrogance. Show you know your goal, you've learned quite a lot but don't be from a "I know more than you" attitude. Let them know you look to build a relationship and this exchange is the beginning....so, how they treat you and how you treat them means quite a lot.
    • rickyt said
      05:25 AM Feb 21, 2016
    Thanks for sharing.  smile
    • daz said
      05:34 AM Feb 21, 2016
    IMO...THOSE RATES QUOTED IN ITEM #1 ARE NONSENSICAL...YOU'RE GUNNA GET YOUR FEELINGS HURT IF YOU GO IN THINKING ANY OF THAT WILL PAN OUT AND YOU WILL FIND YOURSELF IN THE MOMENT PANICKED, CONFUSED, FRUSTRATED AND WEAK IN A NEGOTIATION...RATTLED.

    THESE (OR ANY) CURRENCIES ARE JUST INCAPABLE OF THOSE RATES IMO...IT JUST CANT WORK THAT WAY

    WHEN NEGOTIATIONS ARE SPOKEN OF...ITS INTENDED TO BE IN PERCENTAGE INCREASES OVER THE INITIAL OFFER...1/10TH PENNIES, PENNIES, NICKLES AND DIMES.....NOT DOLLARS AND 10'S OF DOLLARS..YOU HAVE TO BE REALISTIC AND UNDERSTAND THE ECONOMICS OF CURRENCIES AND SOVEREIGN ECONOMIES

    ITS IRRELEVANT THAT THE BANK MAY HAVE A MECHANISM TO GET 1% OVERNIGHTS AND YOU WILL APPEAR FOOLISH IMO IF YOU TRY THAT AS A TACTIC TO GET ANY PIECE OF THAT....YOU WOULD HAVE AS MUCH LUCK NEGOTIATING THE RACK PRICE OF SOCKS AND SHOWER CURTAINS AT WALMART. IF YOU GET CLOSE TO 5%-7%+ ANNUAL SAVINGS OR DEPOSIT RATE YOU WILL BE KILLIN' IT RIGHT NOW

    ITEMS #2 THROUGH #5a DO HOWEVER EXHIBIT SOME PRACTICALITY

    tntshowtime.activeboard.com/t59811962/some-thoughts-on-qualifying-at-the-exchange-meeting/
    • Tndr said
      06:12 AM Feb 21, 2016
    Adding more...I agree with Daz on some of the rates you mention...$15 Zim....the highest I heard was from the Yosef fellow....he said 5 to 6....not saying he is accurate. But, we have heard contract rates as high as 38 on dinar, 22 on Dong.....9 was highest I heard on Ruphia.

    One thing I would remind all of is that we all have developed a skill set over many years. I'm not talking dinar years and info...I'm talking our own personal lives. Some are home makers, some are white collar executives. Regardless, we all have been in a situation where we have to negotiate an outcome. Look back into as many past experiences you have had. Some you will say "I wish I said" this or that....some you will look at and know you did a fantastic job. Attach to those experiences and apply them to this exchange.

    I'm a big fan of "A book of five rings" by a master strategist named Miyomoto Mushasi. He was a samurai that wrote a book of strategy while living in a cave for the last 6 years of his life....pretty powerful stuff. Many sections of this book stuck with me. One is where he states, "Make large things small and small things large". I take his words as meaning that situations that may overwhelm you can be made easier to deal with by changing your outlook of that situation. Also, to pay attention to what may, on the surface, seem insignificant. Another portion of the book that may apply is when he says, "know the spirit of your enemy" and another mention is what he calls "To become the enemy". This relates understanding their goal. I am not saying the bank is the enemy, and mention Musashi writes from a point of view as a master swordsman, so this is his reasons for using the word enemy. If we understand their goal we can better position ours. By the way, if you are not familiar with this book it has become very popular in many large business/corporations among their leadership.

    Anyway, we all have experience of one kind or another that we can apply to the exchange appointment. I see this as an opportunity to "make large things small" by attaching my experiences (even small and insignificant ones) to one of the biggest things I will do on my life. Hope this helps even one member.....best to you all.

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