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How Cherishing Experiences Can Make You (Feel Like) a Millionaire

How Cherishing Experiences Can Make You (Feel Like) a Millionaire

This year, the holiday season is different for me, and many of the people I know. Times are tough.

Did the economy ever really bounce back? Wasn’t the world supposed to end? Is the upcoming year going to be better than the last?

But, most of all, this year is different because I’ve realized that I want more.

I Want More

This past year, I’ve come to an important conclusion: I want more out of life.

I want more out of every day—my career, my relationships, my body. I want better.

I want to feel more—fulfilled, free, happy, significant, healthy.

I want to do more to contribute, make an impact, help others, and exercise.

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I want to learn more about entrepreneurship, leadership, technology, and writing.

I want more, but there’s a problem: I’m not always sure how to go about it.  What am I to do?

The answer is easier than you’d image: choose experiences over spending.

Our lives are formed by the choices we make: we choose what to make of our lives, and how to spend them. We choose how to spend our money, and how to spend our time—nobody is taking either of things without our explicit consent. The choice to live a better life can start now—today, during this new year season.

Here’s the choice I’m making today:

I want my experiences to be front and center—not the stuff that piles up around me.

Are you with me?

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If you want more out of life, you can make a similar choice today. Choose experiences over spending on stuff and see how quickly things change.

a millionaire

    The Ultimate Test: When We Go

    I remember that my grandmother liked to repeat a saying that used to creep me out when I was small, but now it has helped to put my life into perspective more than I ever imagined. She’d say:

    “You’re not taking your gold with you to the grave.”

    I don’t think she meant to say that money isn’t important, but I definitely don’t think she meant we should go on a spending spree. After all, we do need to eat, bathe, and so on. The meaning behind her ghoulish words is closer to encouraging appreciation of what we have while we have it. Guided by this concept, it’s easy for me to make quick decisions on what I want for my life: for example, there are things in life we may consider to be too expensive, but are worthwhile:

    I want to meet amazing people, but traveling to a conference costs a considerable amount of money.

    I want to have a wonderful night with my husband, but we can’t afford to go to a fancy restaurant.

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    I want to hang out with my closest friends, but they live all over the world.

    I want to see new places, but traveling is so costly.

    My dreams about experiences I desire the most are completely quashed due to lack of funds. It doesn’t seem fair—or right.

    How about we chuck that logic and find a new way to experience a great life? How about we put money aside and create those experiences ourselves?

    I’m Not a Millionaire, But I Want to Feel Like One

    When I analyze all of the things I want to do and buy with money, I realize that what I am really trying to chase down is a feeling.

    Last I checked, we don’t pay for feelings with money. We pay for them with experiences, so let’s take those examples from above and find ways to accomplish them without spending a dime.

    I want to meet meet amazing people, so I’ll organize informal meetups at a coffee shop, and invite thought-leaders in my city.

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    I want to have a wonderful night with my husband. Who says you can’t break out of the routine at home? I’ll plan an awesome meal at home and have a ridiculously bad dance party.

    I want to hang out with my closest friends. If they’re abroad, I’ll videochat with them regularly. Being there for each other and laughing is all that matters, even if it’s not in person.

    I want to see new places. I can get to know new areas in my community, while I budget for long-distance trips.

    Sure, these modifications require some sacrifices—traveling within my community is not the same as visiting Michelangelo’s David in Florence, but it’s a good start. By focusing on the feelings I desire, I’ve changed my approach: experiences can make me feel amazing—much more than spending money. Being a millionaire must be amazing, but there’s nothing like enjoying the experiences at my fingertips.

    The feelings I desire can come true without spending the big bucks. Who knew!?

    Featured photo credit:  Young beautiful couple kissing at the sea. Wedding kiss. via Shutterstock

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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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