How to Negotiate A Higher Salary

Market Meditations | March 4, 2021

Helping our readers achieve financial freedom is a mission close to our hearts ? Contrary to common belief, you don’t need to become a trader or entrepreneur to achieve this.

In fact, you’re more likely to succeed outside of these professions… but we love the game.

I’ve hired dozens of employees over the last few years and you’d be amazed how easy it is to stand out.

1️⃣ Give, give, give and then ask. Remember the best relationships are long-term and mutually beneficial. Focus entirely on how you can offer value. Your job is to convince the employer that:

a. You’ll make them more money than they’ll pay you and
b. You’re going to be great to work with.

For a. research the company beforehand, identify exactly how you will deliver value and tell them! Now b. is harder, not everyone gets along BUT if you focus on being positive and energetic you’ll be miles ahead of the game.

2️⃣ Don’t go in blind. Check sites like Glassdoor, and career forums to get a gauge for the market. While each company is unique, you can get a good understanding of the range your role can offer.

3️⃣ Move. If you believe you are making someone far more money than they are paying you, move elsewhere or start your own business! In this day and age, you have the freedom of the internet to pursue any and every venture you fancy.

These tips are great ways to earn more but what should you do with that extra income?

Listen to this great podcast with Venture Capital VP, Sahil Bloom to find out and stay tuned for more personal finance tips!