12: How to Financially Prepare for a Promotion at Work

We’re all told to seek out promotions, but when was the last time you calculated the costs of doing business at a higher level?  In this episode, Julien and Kiersten Saunders (@richandregular) dive into what comes with a big promotion and how to pursue one, while also preparing for it. 

We cover: 

• The difference between promotions and standard cost of living increases
• Practical tips for negotiating and realizing your total compensation
• What an adjacent skill is and why they’re important
• How promotions can be a catalyst for lifestyle inflation

Full show notes and resources can be found here: www.richandregular.com/listen 

Connect with us in the Success Achievers Community where we host monthly training on a range of topics! It’s completely free to join and there are opportunities for networking, courses and special events. Visit: www.richandregular.com/achievers

This episode is sponsored by BELAY. Text the word SUCCESS to 55123 for your free download from BELAY or visit belaysolutions.com/success

See omnystudio.com/listener for privacy information.

Connect with Julien and Kiersten on our website, Instagram, Twitter, and YouTube.

Join our email list to get updates from us, opportunities for discounts, freebies and a quick rundown on the relevant financial and career news impacting your life.

Get our book Cashing Out: Win the Wealth Game by Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by Forbes

If you would like to learn more about investing, check out our newest class, Making Money Grow