The Personal Finance Podcast

How to Negotiate Your Salary and Get a Raise (The Step-By-Step System!)

11 snips
May 20, 2024
Learn how to negotiate your salary effectively and get a raise with insider tips and negotiation scripts. Discover the importance of regularly negotiating pay raises to build wealth over time. Get valuable insights on strategic salary negotiation tactics and how to prepare for successful negotiations with your boss.
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ADVICE

Preparation is Key

  • Prepare your boss for your raise request, don't ambush them.
  • Start the process six months in advance of your yearly review.
ADVICE

Initial Meeting

  • Schedule a meeting with your boss six months before your review.
  • Discuss ways to improve the company, team, or department.
ADVICE

Ask and Act

  • Ask your boss directly what's needed to reach the next level.
  • Take notes, follow up with an email summarizing agreed-upon goals.
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