When unreasonable costs arise, it is always in your best interest to fight back.

On my recent trip to Boston, I faced this situation with some very unreasonable phone calls.

Given that I was coming in from out of the country, I had originally arranged for my cell phone to be mailed to the hotel I was scheduled to stay in for the finance conference in San Francisco that I was to speak at. Instead, with my delays getting out of Kabul, I never ended up making it to San Fran, and thus didn’t have my cell for the week I was in Boston.

This obviously was a pain (we wonder how we ever lived without the darn thing!), trying to connect with friends and so forth.

In the first couple of days that I was at the hotel I made a few thirty second phone calls to connect with family and let them know how to reach me. My thought that a couple of bucks would suffice as an unreasonable charge for a phone call. Little did I realize that they wanted to charge me $9.69 per call!

This meant that my phone calls would have been equivalent to a nights stay (at the priceline rate).

Obviously I wasn’t going to take those kind of charges. I protested and managed to get it reduced to a less than a quarter of what they originally wanted to charge. They tried to give me some crap about it being a service charge that they were charged. My response was that if they were getting charged that much, then they weren’t a competitive hotel, and if they were passing those charges on to their customers, then they weren’t servicing them either. In the end I felt like I won out, but what a pain over a couple of quick calls!

Just remember to fight back when anything like this happens to you.

Best,

Miel

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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