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New York: How To Make the Most Of It On A Budget

New York: How To Make the Most Of It On A Budget

After just having returned from a month in New York, I am definitely in love with the city. The big problem is that the Big Apple is also certainly a place that will take a big bite out of your savings if you ever decide to go there.

I’m certainly no millionaire and I managed to not only love every minute of my time but to also leave without a mountain of debt to face now that I’m back home. Here are some easy-to-follow tips for you to be able to do the same thing.

New York Living

Depending on how long you are planning to stay in the city, accommodation will almost certainly be your biggest outgoing. The best solution, and the one I was incredibly lucky to benefit from on my first stay there, is to find a place through a friend. Getting somewhere for free is a real long-shot, as everybody in the city suffers to pay the rent to some extent, but it is not impossible. Utilize your social media channels to tell people where you going and when. You never know how happenstance and a great stroke of luck might help you live it up in a two bedroom new build in Williamsburg.

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If you can’t find a friend to give you a hand, check out Craigslist. Americans use this a lot more than the rest of the world and you can often find better deals on here than those that appear on Airbnb. If you don’t mind sharing, there are also quite a lot of decent hostel options, but for the cheapest prices, you need to understand that you will be sleeping with around 16 other people in a dorm every night!

Embrace Deli Culture

During my first week in New York, I was a little bit wary of the endless options of delis offering freshly made sandwiches. This was a big mistake on my part as I soon learned that delis are the best way to eat really well without burning a hole in your pocket.

Eating out in New York is incredibly expensive by European standards unless you are happy to eat fast food for the duration of your stay. This might see you saving a lot of money, but it certainly won’t do your health much good.

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With most supermarket products also being a lot more expensive than they are in all of the other places I’ve ever been in my life, a good deli is a perfect place to get yourself some freshly made food at a price that isn’t going to want you to start missing meals to save cash.

Walk

New York is enormous and the underground service whilst being extensive is almost pretty jam packed and quite pricey at $2.75 per trip. Bearing this in mind, the best thing to do is to first buy a weekly Metro card so that you can travel as much as you like for $30. The subway is essential because of the sheer size of the city, but nobody wants to spend half of their holiday underground.

For me one of the most enjoyable ways to truly experience the city was to simply walk for miles through its endless streets. In Manhattan, you can easily jump off the subway and then stroll around Central Park before wandering the highly exclusive uptown parts of Fifth, Park, and Madison Avenue before diving down into tourist territory around Times Square.

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Chelsea, Greenwich Village, Union Square, Chinatown, Little Italy. All of these places are so varied and interesting that to really make the most of your experience you should just allow yourself to wander and see where your feet take you. Not only will you begin to feel like a part of the city, you’ll also not be spending any money by doing so. Clocking up the miles on foot is also great for your health.

Culture Vulture Tips and Tricks

New York is arguably the most important city in the world. For this reason, it’s also home to some of the best art that can be found anywhere. Unlike London, where almost all museums are free, in New York, you have to pay your way. This is annoying if you’re on a budget, but it’s not completely true.

The majority of the major museums do have admission fees, but in brackets, you will see that the stated price is only the “suggested” one that you should pay. If you are not flush with money, there is absolutely no shame in paying the person on the ticket office exactly what you can genuinely afford to pay.

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Another huge advantage that culture vultures have in New York is that this is a city where the art world is also incredibly active in terms of buying and selling. This means that in Chelsea you will find gallery after gallery featuring works by some of the world’s greatest living and deceased artists in small exhibitions that are completely free of charge to enter. In one afternoon, I saw small exhibitions by Rothko, Nan Goldin, Ai Weiwei, and William Eggleston all without spending a dime.

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Published on November 8, 2018

How to Answer the Tough Question: What are Your Salary Requirements?

How to Answer the Tough Question: What are Your Salary Requirements?

After a few months of hard work and dozens of phone calls later, you finally land a job opportunity.

But then, you’re asked about your salary requirements and your mind goes blank. So, you offer a lower salary believing this will increase your odds at getting hired.

Unfortunately, this is the wrong approach.

Your salary requirements can make or break your odds at getting hired. But only if you’re not prepared.

Ask for a salary too high with no room for negotiation and your potential employer will not be able to afford you. Aim too low and employers will perceive as you offering low value. The trick is to aim as high as possible while keeping both parties feel happy.

Of course, you can’t command a high price without bringing value.

The good news is that learning how to be a high-value employee is possible. You have to work on the right tasks to grow in the right areas. Here are a few tactics to negotiate your salary requirements with confidence.

1. Hack time to accomplish more than most

Do you want to get paid well for your hard work? Of course you do. I hate to break it to you, but so do most people.

With so much competition, this won’t be an easy task to achieve. That’s why you need to become a pro at time management.

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Do you know how much free time you have? Not the free time during your lunch break or after you’ve finished working at your day job. Rather, the free time when you’re looking at your phone or watching your favorite TV show.

Data from 2017 shows that Americans spend roughly 3 hours watching TV. This is time poorly spent if you’re not happy with your current lifestyle. Instead, focus on working on your goals whenever you have free time.

For example, if your commute to/from work is 1 hour, listen to an educational Podcast. If your lunch break is 30 minutes, read for 10 to 15 minutes. And if you have a busy life with only 30–60 minutes to spare after work, use this time to work on your personal goals.

Create a morning routine that will set you up for success every day. Start waking up 1 to 2 hours earlier to have more time to work on your most important tasks. Use tools like ATracker to break down which activities you’re spending the most time in.

It won’t be easy to analyze your entire day, so set boundaries. For example, if you have 4 hours of free time each day, spend at least 2 of these hours working on important tasks.

2. Set your own boundaries

Having a successful career isn’t always about the money. According to Gallup, about 70% of employees aren’t satisfied with their current jobs.[1]

Earning more money isn’t a bad thing, but choosing a higher salary over the traits that are the most important to you is. For example, if you enjoy spending time with your family, reject job offers requiring a lot of travel.

Here are some important traits to consider:

  • Work and life balance – The last thing you’d want is a job that forces you to work 60+ hours each week. Unless this is the type of environment you’d want. Understand how your potential employer emphasizes work/life balance.
  • Self-development opportunities – Having the option to grow within your company is important. Once you learn how to do your tasks well, you’ll start becoming less engaged. Choose a company that encourages employee growth.
  • Company culture – The stereotypical cubicle job where one feels miserable doesn’t have to be your fate. Not all companies are equal in culture. Take, for example, Google, who invests heavily in keeping their employees happy.[2]

These are some of the most important traits to look for in a company, but there are others. Make it your mission to rank which traits are important to you. This way you’ll stop applying to the wrong companies and stay focused on what matters to you more.

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3. Continuously invest in yourself

Investing in yourself is the best investment you can make. Cliche I know, but true nonetheless.

You’ll grow as a person and gain confidence with the value you’ll be able to bring to others. Investing in yourself doesn’t have to be expensive. For example, you can read books to expand your knowledge in different fields.

Don’t get stuck into the habit of reading without a purpose. Instead, choose books that will help you expand in a field you’re looking to grow. At the same time, don’t limit yourself to reading books in one subject–create a healthy balance.

Podcasts are also a great medium to learn new subjects from experts in different fields. The best part is they’re free and you can consume them on your commute to/from work.

Paid education makes sense if you have little to no debt. If you decide to go back to school, be sure to apply for scholarships and grants to have the least amount of debt. Regardless of which route you take to make it a habit to grow every day.

It won’t be easy, but this will work to your advantage. Most people won’t spend most of their free time investing in themselves. This will allow you to grow faster than most, and stand out from your competition.

4. Document the value you bring

Resumes are a common way companies filter employees through the hiring process. Here’s the big secret: It’s not the only way you can showcase your skills.

To request for a higher salary than most, you have to do what most are unwilling to do. Since you’re already investing in yourself, make it a habit to showcase your skills online.

A great way to do this is to create your own website. Pick your first and last name as your domain name. If this domain is already taken, get creative and choose one that makes sense.

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Here are some ideas:

  • joesmith.com
  • joeasmith.com
  • joesmithprojects.com

Nowadays, building a website is easy. Once you have your website setup, begin producing content. For example, if you a developer you can post the applications you’re building.

During your interviews, you’ll have an online reference to showcase your accomplishments. You can use your accomplishments to justify your salary requirements. Since most people don’t do this, you’ll have a higher chance of employers accepting your offer

5. Hide your salary requirements

Avoid giving you salary requirements early in the interview process.

But if you get asked early, deflect this question in a non-defensive manner. Explain to the employer that you’d like to understand your role better first. They’ll most likely agree with you; but if they don’t, give them a range.

The truth is great employers are more concerned about your skills and the value you bring to the company. They understand that a great employee is an investment, able to earn them more than their salary.

Remember that a job interview isn’t only for the employer, it’s also for you. If the employer is more interested in your salary requirements, this may not be a good sign. Use this question to gauge if the company you’re interviewing is worth working for.

6. Do just enough research

Research average salary compensation in your industry, then wing it.

Use tools like Glassdoor to research the average salary compensation for your industry. Then leverage LinkedIn’s company data that’s provided with its Pro membership. You can view a company’s employee growth and the total number of job openings.

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Use this information to make informed decisions when deciding on your salary requirements. But don’t limit yourself to the average salary range. Companies will usually pay you more for the value you have.

Big companies will often pay more than smaller ones.[3] Whatever your desired salary amount is, always ask for a higher amount. Employers will often reject your initial offer. In fact, offer a salary range that’ll give you and your employer enough room to negotiate.

7. Get compensated by your value

Asking for the salary you deserve is an art. On one end, you have to constantly invest in yourself to offer massive value. But this isn’t enough. You also have to become a great negotiator.

Imagine requesting a high salary and because you bring a lot of value, employers are willing to pay you this. Wouldn’t this be amazing?

Most settle for average because they’re not confident with what they have to offer. Most don’t invest in themselves because they’re not dedicated enough. But not you.

You know you deserve to get paid well, and you’re willing to put in the work. Yet, you won’t sacrifice your most important values over a higher salary.

The bottom line

You’ve got what it takes to succeed in your career. Invest in yourself, learn how to negotiate, and do research. The next time you’re asked about your salary requirements, you won’t fumble.

You’ll showcase your skills with confidence and get the salary you deserve. What’s holding you back now?

Featured photo credit: LinkedIn Sales Navigator via unsplash.com

Reference

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