A 32-Year-Old Millionaire Reveals the "Golden Trick" to Saving Money: Just Call!

Self-Made Millionaire Rose Hahn, Author of "Add Zero"

                          

A 32-Year-Old Millionaire Reveals the "Golden Trick" to Saving Money: Just Call!

Self-made millionaire Rose Hahn, who went from Wall Street trader to millionaire at 32, says that most companies put a margin on their prices in anticipation of customers asking for discounts, but few dare to ask.

Hahn, who paid off over $100,000 in debt before building her fortune, says that a single phone call can be enough to reduce your internet bill, insurance, or even credit card fees. You can even get additional benefits without paying a penny!

Negotiation Trick #1: "Anchoring"

In the world of negotiation, whoever offers the first number sets the tone. Companies often start with a high price, so Han advises you to set your own benchmark price based on prior research, she told CNBC. "For example, if a used car dealer offers you $15,000, don't respond with a general question like, 'Can you lower the price?' Instead, say, 'I found similar cars for $12,000, and that's closer to what I'm looking for.'"

Negotiation Trick #2: Framing

Don't just ask for a discount; show the company how you'll benefit from it. Instead of saying to the insurance company, "Can you lower the price?" say, "I have a clean driving record for five years, and I believe I deserve a price that reflects that and helps you retain a loyal customer." According to Rose, companies are looking for three things: customer retention, referrals, and increased revenue. If you show them that you're achieving all three, your chances of getting a discount increase.

How to Get Started?

Make a list of your monthly bills and choose the easiest to start with, such as your phone bill. Gather information to support your request: competitor rates, how long you've been in the car, any previous service issues... Then, call confidently. Be friendly and start by praising the service. If you don't get a response, ask to speak to the customer retention department. If that doesn't work, try again. Call another day.

 And the new employee may be more flexible. Korean-American Rose Han is not only a self-made millionaire, but she has also become an influential voice in the world of financial education, with over a million YouTube subscribers who learn from her how to add a zero to their bank accounts.