We all want more money. It’s why you are here on this website after all.
Some people will tell you to go get a second job or to hustle. Or you know, start a blog. That’s not my advice, not yet.
Remember, we are working on the 80/20 – Pareto Principle here. We want the biggest impact we can make with the smallest effort. So what if I told you that you could make more money at your job? No need for a second job. No need to do hours of extra work with low reward.
Here, let’s focus on getting more out of the job you already have. That’s your A-number 1 job right now.
There are three main ways to get more money from your job:
- Get a raise
- Get a promotion
- Get a new job
Get A Raise
If you negotiate a $5,000 raise or additional salary early in your career, it could be worth $643,000! Investing that wisely and it would be worth over $1,500,000! That’s a lot of money for a little bit of effort early on in your career! And even if you have been out in the workforce for awhile, a raise can still be had with just a little bit of effort (20%) for a lot of long-term benefits (80%).
Get A Promotion
More responsibility usually comes with higher pay! Get a promotion at your job and you could be on the path to more money.
Get A New Job
Did you know that employees that stay at companies longer than 2 years may get paid 50% less than employees that change jobs often?