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7 Simple Ways To Attract Money To You

7 Simple Ways To Attract Money To You

Are you the one who’s always complaining about never having enough money or maybe you’re not as financially successful as your peers or colleagues? Have you ever wondered what the “secret sauce” was or what exactly you could be doing differently to increase your financial success in life? Well, if you follow these seven tips then you are going to learn exactly how you can take charge of your money and fill your wallet with green!

1. Educate Yourself

The first step to increasing your income or building wealth is to educate yourself. If you only have a high school diploma then consider getting your Associate or Bachelor’s degree. Education can open up many doors to career advancement and higher pay. And remember, education doesn’t stop after you’ve finally gotten your college degree! There are plenty of things to learn about life long after you’ve graduated from college! Find something that you love doing and learn as much about it as possible! It’s impossible to know everything but the more you know, the better!

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2. Networking Is Key

Networking and actually connecting with other people in your field can open up many new opportunities for career advancement. Not only should you network with people inside of your field but also network with people outside of your field. You never know what you may learn by networking with people of different occupations and trades. You may even find a new interest or hobby in the process. And remember, networking does not mean to hand someone your business card. True networking is about forming meaningful connections by engaging in actual conversation.

3. Share Your Knowledge

Share your knowledge. Create videos, power points, e-books, or even write a blog and give them away for free to other people in your industry! When you give back others in the form of knowledge, you are also giving back to yourself by establishing yourself as an expert in your field. Establishing yourself as an expert is important if you want to succeed in your career and rise to the top. People are more likely to trust you with more important roles or tasks once you’ve established yourself as the expert.

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4. Discipline Yourself

When it comes to building wealth, having knowledge is important but self discipline is even more important. You have to realize that no matter how hard you work or how badly you want to build wealth, it’s going to require hard work and a lot of patience. It won’t happen overnight. Many people realize that it doesn’t happen overnight but they still fail to discipline themselves and work hard everyday in order to accomplish their long term goal of building wealth. If you can master the art of self perseverance then you’ve got what it takes to become financially successful.

5. Don’t Be Afraid To Ask For Help

In your journey towards building wealth, don’t ever be afraid to ask for help. You shouldn’t ever be afraid to ask a question no matter how simple or obvious the answer is! It’s better that you get help now rather than suffer the consequences of not getting help later. You can’t do everything on your own when it comes to building wealth so don’t ever be afraid to seek guidance. Also, you shouldn’t do something just because somebody told you to, you must learn how to identify between good advice and bad advice in order to succeed in life.

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6. Learn From Successful People

Learn from success stories from the past. Read up on articles, books, and documentaries on financially successful people. Learn what they did to become successful and what you could do to maybe follow in their footsteps. After learning from successful people, determine the path that you are going to take in order to become successful. This a great way to obtain a rough idea of what it takes to truly succeed financially in life.

7. Learn From Your Failures

Focusing on success can blind you from the most important thing of all which is to learn from your failures and mistakes so that you do not make them again. Learn to identify failures and educate yourself so that you do not make the same mistake twice. If you ever want to become rich then ask yourself this, “What have I done in life so far that has resulted in me not being rich and what can I do to change that?”. If you can learn from your failures and change your bad habits and form good ones then you are one step closer to becoming financially successful in life!

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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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