Last week Aloysa posted The Golden Rules of Haggling at Beating Broke and coincidentally, I encountered a Christmas haggling story at about the same time. So gather round people and listen to this modern Christmas tale.
*All names had been changed to protect the innocent.
Jill’s story – Jill is sponsoring a family for Christmas and she would love to get the boy his wish, a Wii. He lost a his leg and the Wii would be perfect for a little indoor physical activity. However, her budget was only $75 for the Wii. A new Wii + 2 controllers would cost $250 so her only chance was to find something used. She sent out emails to friends, family, and co-workers to see if anyone had a used Wii that is just sitting around.
James’ story – James has an old XBOX 360 that he hasn’t played in a while and he thought, hey maybe the kid would like the XBOX. The problem is he can only find the XBOX and no chords, controllers, power supply, or anything else. On top of that, he is leaving in a couple of days to go on a three-week vacation in Europe.
Rob’s story – Rob has a gently used Wii, controllers and some games. He knows he can get at least $150 from craigslist and is about to put the Wii on sale. He contacted Jill to see how much she would pay for the package. Jill won a point here because she didn’t advertise her budget when she sent out the “looking for a used Wii” mass email.
So do you think we can get a happy ending? It turned out yes! James donated the XBOX 360 to Jill and left for vacation. Meanwhile Jill told Rob that she can only pay $75 and will go with XBOX 360 if she couldn’t find a Wii for that much. Rob actually wanted an XBOX 360 and is willing to trade the Wii for XBOX+$75, but it needs to be in working condition. Jill was able to test out the XBOX at her friend’s place and they made the deal.
Everybody won!!! Jill was able to get the Wii for the boy. James felt good about himself while he is vacationing in Spain and got rid of a big door stop. Rob got the XBOX and a bit of cash to buy the controllers, power supply, and games. Best of all the kid got a Wii for Christmas like he wished. Santa delivered again, ain’t he amazing? Jill is obviously the fulcrum here, she wheeled and dealed and came through for the family she sponsored. If you look back at the Golden Rules of Haggling, you can see Jill followed almost every rule. Great job Jill!
For 2018, Joe plans to diversify his passive income by investing in US heartland real estate through RealtyShares. He has 3 rental units in Portland and he believes the local market is getting overpriced.
Joe highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help every investor analyze their portfolio and plan for retirement.