Your mortgage, home ownership, debts, income, investments, property, children and future plans are not separate topics …
at CleveDoesMore we consider them to be crucially interconnected parts of your overall financial life.
It’s January. It is also the start of a new year and a new decade. But not enough people are looking at this season in the right way and with the right opportunities in mind. In order for this year to be different…and better…we have to start with a new baseline. What do I mean?
Easy enough to say, but often something that seems beyond challenging to do. Unless you have a plan and a strategy to get you there. Maybe you are one of the few people who do and are already working to boost income. If not, and you want the keys to unlock the door to increasing your income by 30% over the course of the year, then the rest of this newsletter is written especially for you.
But before we get to the nuts and bolts of income building, here’s a fun riddle to get things going:
Just about everyone I know has financial goals that they are working towards. Whether it is paying off debt, buying a new home, or saving for a future event like retirement or college, think how great it would be to have 30% more income at the end of the year to allocate toward that goal? Here is the truth…
Over the next few months, it is my personal goal to guide you along a path that ends with more money in your pocket. Let’s get started.
Generally speaking, most people have a job of some sort. Most people work for someone else and they feel that another person holds the keys to their ability to earn or bring home income.
While this is partially true, it is foolish to think that you have to simply sit by and wait for another person to decide to pay you more. In fact, some people have delayed getting a raise from their employer for years, simply because they haven’t asked for one. So, the first step in raising your income this year is to ask for a raise. While this may seem out of your comfort zone, here are some steps to help you know how to ask with confidence!
Remember how we mentioned goals? Use them as a starting place when you open the conversation with your manager or boss. Explain in a humble and honest way what you want to achieve and how your current salary isn’t quite cutting it.
Being able to communicate your value to the company to your manager or employer is critical. Remind them of any great accomplishments you have had while you have been on the job. Things like awards received, records broken, goals met, budgets maintained, etc all can play in your favor for a case that you should be given a pay increase.
Many times, those in management positions want to be able to accommodate pay raise requests, but they need to be able to justify the additional cost incurred by the business.
Finally, don’t be afraid of or put off if there are questions asked. Be ready to confidently tackle anything that comes up, even if you have to do some research or a bit of planning before getting back to your boss with an answer. Questions and answers are part of nearly any exploratory process and if questions are being asked then it means your boss is likely open to exploring the possibility of giving you a raise further.
While getting a raise is not guaranteed, there usually is little harm in asking and it can often end with the favorable outcome of a better salary. If not, then it may be time to consider looking for another job as an alternative way to increase your income. Next month’s newsletter will be the ultimate guide for navigating this hurdle, so be sure to watch for it in February.
Another way to almost instantly have more money at the end of the month is the genius of what we like to call our $500 Fix. This program doesn’t require your boss to sign off on it, and there is no negotiating with your employer involved. Simply schedule a call with CleveDoesMore and after a short consultation, the team will help you locate money you didn’t even know you had. The process has been time tested with many clients and the results are guaranteed to help you find money at the end of the day.
Now, let’s get back to the riddle, presented at the beginning of our Wealth Building newsletter! The answer is: A COIN
We hope you have learned something valuable about income boosting today and are on a better path in 2020 because of the information. We can’t wait to be in touch again next month.
© Copyright 2018 Cleve DeSouza, Matrix Mortgage Global, Brokerage Lic# 11108