One of the most underrated skills that are needed for you to succeed in your personal and professional life is negotiation. Indeed, many people mistakenly believe that mastering negotiation skills will only be worthwhile for a few select professionals, such as budding diplomats and corporate M&A dealmakers.

The truth, however, is that negotiation skills are critical not only for high-stakes professional situations, but also for the myriad of everyday encounters that require an agreement between two or more parties: Who will take the trash out? What movie will we watch? Where will we go on vacation? As Tyler Tervooren puts it in today’s daily nugget: “Whether or not you realize it, every interaction you have with another person is a negotiation.”

Given its importance, we’ll be returning to the topic of negotiation repeatedly in the future. For now, let’s get started with Tervooren’s insightful introduction. It exposes some widely held myths about negotiation and offers a few highly practical techniques you can use in your upcoming interactions.