The popular game show "Deal or No Deal" reflects the turmoil we face when made to choose between what we want and what we are being offered. When selling a house you struggle with this dilema - should I take this offer or is there a better one around the corner? When investing we wonder - should I dump this stock or wait for the market to improve? When making a large purchase - we wonder is this the best price we can get or is there a better offer out there? When choosing your partner - you wonder if this is the one or ... just kidding!
To vascillate is human nature - to know exactly when to close a deal or walk away from one is smart money management. Know what you want before you start negotiating and stick with your plan. Walk away if you have to - there is always another deal around the corner.
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