3min snip

All the Hacks with Chris Hutchins cover image

25 Money Rules (and When to Break Them) with Brian Feroldi

All the Hacks with Chris Hutchins

NOTE

Smart Salary Negotiation and Appliance Replacement Strategies

Monitor salary growth in relation to inflation, advocating for annual increases of 3% to 4% as a minimum to maintain purchasing power. Regularly discuss career progression with management to understand performance expectations that can justify salary raises exceeding inflation rates. When negotiating, leverage external economic factors such as increased costs related to the company's product pricing to strengthen arguments for raises. For household appliance management, apply the 850 rule: replace appliances if they are over eight years old or if repair costs exceed half the replacement cost, providing a structured approach for decision-making in household maintenance.

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