You Should Ask for a Raise
Asking for a raise…
It is one of the hardest, but most financially rewarding things that you can do, period. Why? Because your salary impacts all of your future earnings with that company. A $5,000 raise now is also $5,000 extra dollars the next year and the next year and the next… So it adds up fast! (Let alone the fact that companies often raise your salary by a %, so it’ll be more than $5k in the future… And if you invest that money wisely, it grows to absurd numbers after a while!)
A mentor of mine often said, “You don’t get paid what you’re worth. You get paid what you negotiate.”
In a strong way, he is absolutely correct. To help you negotiate more money, I had the experts share exactly what you need to do to get a hefty raise.
Have you asked for a raise before? I have. It isn’t a fun thing to do, but it was a worthwhile process to go through.
The key to making money, per Dan Miller, is to create amazing relationships.
- “I focus on creating those amazing relationships and doing the things I really love and serve other people well. And you know what, money just shows up even in unexpected ways. What can I do to increase my service to my customers? Answer that question in new and better ways, and profit will take care of itself. No man can become rich without enriching others.” – Dan Miller
In the long run, the amount of money you earn is a scorecard for the impact and value that you provide to society. You have got to have money in your mind, but impact drives income; not the other way around.
- “You have to get out there and have more impact and influence; that’s when the income starts coming in. You get paid for bringing value to a marketplace and if you’re not very valuable, you don’t make much money. You’re going to be paid exactly what you’re worth or what you expect you’re worthy of. You have to figure out how to help people. If you focus on impact and influence instead of income, it causes you to be more valuable. It gets you thinking of how to help others vs. how to help yourself.” – Peter Voogd
Link of the week:
Make it another great week!
Austin G. Netzley
YoPro Wealth: Take Control. Make Money. Live Wealthy.