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How to earn more money: Three ways to boost your income
Work More. Work Better
Your pay is also based on the quality and quantity of your work. If you've been making forty sales calls each week, find a way to do fifty.
The quickest way to boost your income is to increase the number of hours you work. It can be done by working full-time, working overtime, or finding a second job.
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Key Ideas
The right time to ask
- How is the financial health of the company? If the company is not doing well, this is not the time to ask for a raise.
- How is your manager’s workload? If your manag...
Get salary trends
Every job has a market value.
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Compare what you’re currently being paid to the trends you find.
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Consider your education, years of experience, years you’ve worked for your current employer and any specialized skills or attributes you bring to the table.
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Make a list of your accomplishments, taking note of which ones added the most value to the organization
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Identify a salary range or percentage increase in pay that you’d be happy with.
Set a meeting
Meet in person and in private.
You should approach asking for a raise with the same level of seriousness you would have for a job interview or an important presentation, and you should dress accordingly.
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Key Ideas
A raise
A raise isn’t a favor or a gift; it’s a way for employers to pay fair market valu...
It’s normal to ask
It’s not greedy or entitled to ask for a raise. Unless you work somewhere truly dysfunctional, it’s understood that you work for money. This is okay.
- you’re not asking for an amount that’s wildly out of sync with the market for your work, and
- you have a track record of strong work.
Be emotionally intelligent about your timing
You shouldn’t ask to talk about your salary when your manager is especially harried or having a bad day or nervous about impending budget cuts.
On the other hand, if you’ve just saved the day with an important client or garnered rave reviews for a high-profile project, or if your boss has seemed particularly pleased with you lately, now might be a particularly good time to make the request.
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Key Ideas
Self-Made Millennials
Millennials who claim to be ‘self-made’ get support from their parents and in some cases, enjoy the privilege too, but are reluctant to admit the same. They have to show the world that they are abl...
The Truth About Millennial Money
- It’s important to share your real struggles, support and fundings once you find success, or it gives a distorted and false impression to those struggling without any resources. There shouldn’t be a stigma attached to getting help from parents and spouses.
- It’s imperative to have transparency about money and understand that in any structure of privilege, the people at the top have to take into account what it means to people below them, who are struggling with meagre resources or a network of supporters.