Christmas Debt – A Crummy Present and Future

Christmas debt is a funny thing – and it’s a troubling thing as well. It doesn’t show itself before Christmas. It’s always afterward that we see its familiar face. All the while we’re busy getting in over our head with holiday purchases, we’re really setting ourselves up for a future that isn’t so “merry and bright.”

I know of a few who save and plan for Christmas shopping, while so many more get themselves into a pile of debt because…well, because…. I’m sorry, I just can’t bring myself to invent an excuse or rationalization for financial irresponsibility, no matter what time of year it is. Handling our personal finances in a responsible manner requires that we do so all year long.

Being a good steward of our financial resources doesn’t allow for financial foolishness at anytime during the year, regardless of what others are doing and what our consumer-oriented culture has rammed down our throats for so many years. Sometimes the emperor has no clothes and there is no sense pretending otherwise.

It’s time to stop thinking that giving more presents shows more love – it doesn’t. If you want to give a great present at Christmas, simply try having a better presence in the lives of others all year long. It’s something that money can’t buy – yours or theirs – and all of the recipients will rightfully be indebted to you.

With this idea in mind, it doesn’t make must sense to me to give Christmas debt another thought. It isn’t worthwhile, it never has been, and it never will be.

What If I’m Confused About My Compensation Requirements During Salary Negotiations?

Be prepared for your discussions with your new employer. Even though most executive salary negotiations, especially those with six-figure jobs and up benefit from or actually need coaching help, it is still important for you to think out your situation and prepare for salary discussions. At least, you need to bring three numbers into a final job interview:

- Ideal

- Satisfactory

- No-Go

These “name” your salary and frame your negotiation. Your employer probably has his/her own three numbers as well. Good negotiations will find the common ground between you. Excellent negotiations on your part will be at the highest possible point of that common ground.

Let’s say you’re a convention coordinator, and in your present job you’re underpaid at $45,000. And let’s say you’d be ecstatic at $70,000 – a number bigger than you think you’d ever get, but it’s not a complete fantasy – it passes the “laugh test.”

At the other end of the spectrum, there’s no point in moving jobs for less than, say, $50,000. We’ve named the Ideal (top) and the No-go (bottom) numbers. This is my Ninth Commandment of Salary Negotiations: Thou Shalt Not Take the Name of Thy Salary in Vain.

Now let’s look at the employer’s point of view. She is pulling her hair out with the complaints she’s getting with her current coordinator. She’s in danger of losing an entire $150,000 account if she doesn’t get someone [like you] who’s good with attention to detail. She knows that the average salary for a coordinator is $40,000 for a plodder, up to $55,000 for a self-starter. The top of her range is $60,000.

Your common ground, then, is $50,000 – $60,000. That’s $50K for your lowest, and $60K for her highest. Neither of you know that common ground when you start negotiating. All you know is your own range.

There’s a whole negotiating dance that takes place to come to some agreement. The part of that dance I want to emphasize in this commandment is your clarity. Before you begin serious money talk, your top, bottom, and mid-ground numbers need to be thought out. If they are fuzzy, your negotiations will be fuzzy. If you’re not clear that $50,000 is as low as you’ll go, you might waffle. In the heat of the interview, experiencing great rapport, imagining friendly coworkers (not the grouches you work with now) you will be tempted to say, “OK. I’ll start there and work up.”

No! Do not take the name of your salary in vain! “I’m sorry, Ms. Employer. I would love to work here. I feel a great connection. I love your accounts, but somehow we have to reach a minimum of $50,000 and preferably $55. Let’s put our heads together and find a way, shall we?”

7 Steps To Effective Negotiating

After more than four decades of involvement, in nearly every aspect of leadership, including identifying, training, developing, consulting, and personal service, I have come to realize, one of the most relevant, necessary skills, abilities and assets, although often – overlooked, is being a quality negotiator. In order to be able to proceed, in the best interests of the group, you represent, as well as the constituents, you serve, you must be able to become committed, to the arts and sciences, of effectively negotiating! With that in mind, this article will briefly attempt, to consider, review, and discuss, 7 steps to effective negotiations.

1. Know the needs, and what you want: Before you begin any negotiations, it is essential to learn, discover, and be certain, you truly know, the needs, and being able to prioritize the most essential ones, from your wish – list! Don’t assume you fully know, and understand, but, rather, begin the process, by effectively listening, and learning from others, and using that knowledge, as a relevant guide. How can anyone properly articulate what he seeks, until/ unless he truly understands it, himself?

2. Budget/ financial restrictions: All too often, pseudo – negotiators begin the process, and then later, try to align the economic realities, to fit, what was negotiated! On the other hand, quality, professional negotiations, begin, with creating the budget, and then using that, as an important guide, in seeking what you need, and can afford.

3. Research; homework: Begin by doing your homework, and researching, and fully understanding, both, what you seek, but what, the other side, needs, and might be able to agree to! One should try to balance, making the best possible deal, with creating a win – win, scenario!

4. Proceed with genuine integrity: How can anyone hope to effectively negotiate, and get the best possible, meeting of the minds, unless/ until, he maintains absolute integrity, and avoids, the often – taken, easier path, of distorting the facts, and manipulating them, to attempt to take advantage?

5. Common interests/ common good: The focus of quality negotiating must be on creating an agreement, which works for the common good, and, which, both sides, believe, serves their needs. This means looking at all perspectives, and seeking a viable solution!

6. Meeting of the minds: The result will never be a good one, especially in the longer – term, unless there’s a genuine, meeting of the minds, and some, true, give – and – take!

7. Win – win: Those with negotiating skills, do not seek personal victory, but, rather, a viable solution, which all sides, feel, is beneficial! Those who proceed with this win – win, negotiating philosophy, and approach, generally, create the best results!

Will you consider and focus on these 7 steps to more effective negotiating? If you want to be a real leader, it’s important, to commit to, doing so!