4 Tips To Negotiate Your Salary

4 Tips To Negotiate Your SalaryI know that on this blog I talk a lot about working for yourself. However, that doesn’t mean that I’m against a person working for someone else (there are, of course, both pros and cons of self-employment).

Even if you work for someone else, increasing your salary can still be a part of your plan for financial independence.

Maybe one of the ways that you diversify your finances is by working for someone else and this is one of your forms of income (Robert at Beat The 9 To 5 is one of those people! – he has multiple streams of income that include his day job). Or maybe you want to increase your income at your current job as much as you can so that you can retire earlier.

Whatever your reason is, if you can increase your salary by negotiating for it, then you definitely should.

I know that asking for a raise at your current job or negotiating your salary for a new job is hard. It can be tough to put yourself out there and do this. However, the more prepared you are, the better chance you have of getting the salary that you want!

Here are four tips to negotiate your salary successfully.

1. Be polite.

You shouldn’t threaten your boss (or future boss) when you are asking for a higher salary. Always be polite and show respect for the person that you are talking to.

You should also try to set up a meeting for the salary negotiation if you can instead of butting into a conversation that your boss is having with someone (I have heard of someone doing this!).

Also, I have heard of many people threatening to leave for another job that offers more money. This isn’t always the best thing to bring up in a threatening manner. An example would be if you have been working somewhere for a few years and told your boss that you have another job offer somewhere else and if they don’t meet the salary amount that you will leave.

This may make your manager let you leave the company (or just fire you) because you are not dedicated to the company. If you are willing to risk your current job by threatening to leave, then by all means do so. You just have to realize that there may be consequences!

2. Research what others in a similar position to yours make.

Before you ask for a salary increase, it is always wise to know what others make in your position so that you can use that to your advantage. If you know that many others are making thousands and thousands of dollars more than you, then you should back it up with proof.

You should research the following:

  • What do others at similar companies make?
  • What do others in similar positions to yours make?
  • What do others in your city/area make?
  • What do others in your specific field make?

 

3. Know what else to ask for.

If you can’t get the salary that you want, then try asking for something else. You could ask for a better benefits package, more vacation time, paid time off, health insurance and more.

4. Be confident.

No matter what you do, always make sure that you are confident when you are speaking. If you are not confident, then it will show. If you don’t believe in yourself, then how will you persuade someone to give you a raise?

You need to be able to tell them confidently why you desire a raise. You should bring past results of yours to your salary negotiation so that you can show that you are an important part of the organization and that you deserve the raise.

What salary negotiation advice do you have?

 

Tips To Manage Your E-mail Better

Tips To Manage Your E-mail BetterTo some, managing your e-mail may seem very easy. A post on the subject may seem repetitive. However, to others an e-mail inbox may be the source of a lot of stress. I receive many, many e-mails each day and I’m sure many of you receive even more than I do.

Some days I want to just close my laptop and run away (don’t worry, I actually love to receive e-mails, but sometimes they can be overwhelming).

Usually, I wake up to a few hundred e-mails each morning, and that doesn’t even include the hundreds of e-mails that automatically are sent to my Junk folder.

The weekends are a little lighter, but there are still a lot. Some of these e-mails are just coupons (ooooh Victoria’s Secret has a SALE today?), some of the e-mails are blog posts that are sent to my inbox, some are questions/compliments from readers, and the rest are usually business-related e-mails.

The last three categories are my favorite types of e-mails to receive.

Here are my tips to manage your e-mail inbox more effectively and efficiently.

 

Delete the junk immediately.

The first thing I do when I open up my e-mail is that I delete all of the junk right away. This way I feel a little less stressed because a lot of clutter has been eliminated.

 

Unsubscribe.

Do you find yourself constantly deleting e-mails from the same company all the time? Why don’t you just unsubscribe? It will save you the hassle of having to delete their e-mails every day for the rest of your life. I’m sure that there are at least a few e-mails that you could unsubscribe from.

 

Create specific folders.

I don’t have the best memory in the world. If you tell me that you e-mailed me, I may not remember it. Placing e-mails in certain folders can help me remember what the e-mail was about without me having to read a single word of the e-mail.

So, this is why I like to create specific folders in my inbox. Once I receive and respond to an e-mail, I try to archive it if I can (unless the job is still ongoing and I know I will pull up the e-mail all the time).

Different folders could include:

  • Awaiting Payment. This is of course e-mails where I am waiting payment.
  • Payment Received. These are projects that are completely done with where I have received the payment and nothing is needed from me for the time being.
  • Blog related. These are e-mails such as questions or compliments from readers.
  • Business Leads. These are e-mails from potential clients.
  • Wedding related. Yes, I have a folder dedicated to wedding stuff. There are so many e-mails related to the wedding!

 

Hire someone.

If you absolutely hate e-mails or if you are too busy to answer them (such as if you are on a break or vacation), then you may just want to hire someone. I have had a few people in the past month ask me to completely manage their e-mails, so this is not out of the ordinary.

What tips do you have for e-mail management?

 

Pros and Cons of Self-Employment

Pros and Cons of Self-EmploymentSelf-employment has been pretty awesome for me so far. I wouldn’t change a single thing. A question that many people ask me is whether or not I would ever go back to working for somewhere else.

The answer is NO.

Even though my answer is no, there are a few cons of self-employment. But that’s okay, because there are plenty of positives of self-employment as well.

Working for yourself is a pro in itself.

Being in control of what I do is wonderful. It’s nice to know that what I do has a direct impact on my future (I guess that can be scary as well). I can do what I want, when I want.

Being able to create your own schedule is a pro.

I love being able to make my own schedule. I don’t HAVE to start work at a certain time each day, which is nice. I used to hate the mornings, but now that I work for myself, it doesn’t bother me anymore.

No more commute is amazing!

I really hate bad drivers. My morning commute almost always made me mad because of all of the crazy drivers on the road. I don’t know how some of you who live in bigger cities do it (such as with the notoriously bad drivers in Miami or Chicago), I would go absolutely nuts.

Not having a commute also means that I can save that time that I would be driving and work instead. I also don’t have to pay for gas to drive to work. It wasn’t a ton of money to drive to work, but it was around $150 to $200 each month.

Not having a designated vacation is both a pro and a con.

Being self-employed and being able to work from my laptop means that I can work from wherever and take a vacation pretty much whenever my budget allows for one. However, it can be really hard to separate work from life/vacation. This usually means that I work a lot while on vacation.

Losing benefits is a con.

When you work for someone else, they tend to do a lot of things that you may not think about. They pick out the health insurance, handle taxes, and more.

When you no longer work for someone else, you also lose all of these benefits. You will have to pay for your own health insurance, taxes (and they will be higher now!), any retirement matches and so on.

Income may not be stable, which is a con. 

With self-employment, the thought of my income completely drying up the next day does pop into my head every now and then. It’s not something that I’m constantly thinking about, but a slow day does sometimes make my mind wander.

Do you want to be self-employed? Why or why not?