You want a raise?
Do you want a raise? Okay, so maybe that’s a silly question – everyone wants a raise. The fact is, if you’re at all interested in personal finance, all of the discussions hover around two points:
- Spend less than you earn
- Earn more
Seriously, those are the only two things that you can do to be financially independent. I’ve spent a bit of time talking about ways to increase your income outside of your primary career, but I think it’s time to discuss what might be called the dark side of ‘working for the man’ and talk some about asking for a raise.
Honestly, this topic is more complicated that you’d probably like – so this is going to be one of those mini-series like you see on TV, just hopefully with better acting (but probably not). I have quite a number of thoughts on the topic, although I’ll be the first to admit I’m no expert even though I’ve had some success getting sizable raises in the past.
Starting tomorrow, I’m going to have a 5 day series around this topic. Here’s what I plan to cover:
- Figuring out what you are worth the company and how much your skills go for on the open job market
- Collect info on what you do, how you’ve been performing, and how you’ve been making (or saving) the company money
- Scheduling the meeting with your manager
- Meeting Day – what to say and how to say it, the psychology of asking for a favor and getting your manager invested in your success
- Following Up – What should you do next, and how to be prepared for the next time
Do you see anything I missed? Let me know if there are other things you think I should be covering as well.
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So, you want to know what's up with the brackets in the name? "Curly brackets (also called braces, or "squiggly brackets") are sometimes used in prose to indicate a series of equal choices" and "Square brackets are mainly used to enclose explanatory or missing material usually added by someone other than the original author, especially in quoted text." So basically, if you really want to be wealthy in life, you have to figure out how to get happy. Since that whole spiel would make a crappy name for a blog, I decided to do something a bit creative with some brackets.
Quotes from Wikipedia -
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