Posts by jsangl
SERIES: Negotiate A Pay Raise – Part 2
I write a lot about how to eliminate expenses and reduce the OUTGO from one's home economy, but there is another side to the equation and that is INCOME. INCOME – OUTGO = EXACTLY ZERO works a lot better when the INCOME is increased!
This series is focused on one key way that INCOME can be increased and that is to Negotiate A Pay Raise. In each part, I will be sharing how I have successfully negotiated pay raises in the past. Here's to this series helping you do the same!
Part 2 – "Do Your Homework"
The key to any successful pay raise negotiation (or any negotiation for that matter) is to have completed your homework. Information is absolutely POWERful!
- Be sure you have completed Part 1.
- Research comparable positions in the area to see what they pay (Salary.com is great, Monster.com is OK).
- Understand the demand for your skill set, education, abilities, and capabilities. Job boards, on-line classifieds, newspaper listings, and recruiters are good places to start. If you work for a larger company, be sure to check out your companies job postings and the pay scales.
- It might make sense to go on a couple of job interviews just to understand what education and skills are being sought by employers.
- Identify specific projects and activities that you have led or participated in that resulted in substantial benefits for your organization. Objective and measurable results speak much more than subjective "kind-of sort-of possibly vague stuff". If you work for a for-profit company, show how your efforts have led to cost savings, improved sales, improved productivity, and profits. If you work for a non-profit organization, focus on how your efforts have furthered the organization's mission/vision/goals.
- Identify the upcoming projects and activities that you will be leading or participating in that will result in substantial benefits for your organization.
For me, it has always been extremely helpful to write my thoughts down over a one or two week period. This ensures that I have been able to effectively think through the above items and organize the data into useful information for Part 3 – Asking For The Raise.
This is Part 2 of a series featured at JosephSangl.com – "Negotiate A Pay Raise"
You can receive each post from JosephSangl.com via E-MAIL by clicking HERE!
SERIES: Negotiate A Pay Raise – Part 1
I write a lot about how to eliminate expenses and reduce the OUTGO from one's home economy, but there is another side to the equation and that is INCOME. INCOME – OUTGO = EXACTLY ZERO works a lot better when the INCOME is increased!
This series is focused on one key way that INCOME can be increased and that is to Negotiate A Pay Raise. In each part, I will be sharing how I have successfully negotiated pay raises in the past. Here's to this series helping you do the same!
For Part 1, I want you to ask yourself this question.
"Am I effective at what I do?"
My hero, Dave Ramsey, has often said that "your raise is effective when you are". It can not be said any better than that!
If you are not effective at what you do, it is very difficult to negotiate a pay increase.
Now ask yourself this question.
"What are the top five skills, activities, abilities, and capabilities that I possess that most benefit my organization?"
Think through these two questions (preferably on paper) and prepare for Part 2 of "Negotiate A Pay Raise"!
You can receive each post from JosephSangl.com via E-MAIL by clicking HERE!
SERIES: I Was Broke. Now I’m Not. VALUES Part 4
Welcome to another series at JosephSangl.com – I Was Broke. Now I'm Not. VALUES
In this series, I will be sharing what drives me. The stuff that lights me on fire for helping others with their personal finances.
4. VISION/CALL
This is the most important value for this crusade. This is something that I am called to do. It was a very clear call of God that led me to get my finances in order, fire myself from Corporate America, negotiate myself a massive pay cut, move my family eleven hours and five states, and embark on this crusade at NewSpring Church.
I am doing EXACTLY what I have been put on this earth to do. No doubts. No regrets. I have never looked back. I am burdened with a passion to help others take their finances to the next level. I can not escape it. I can not run from it. I can not shirk it. It keeps me awake at night.
My vision/call in words: To help others accomplish far more than they ever thought possible with their personal finances. My current mission: Teach 100,000 people by October 2011.
You can watch me share how I discovered my purpose in detail HERE.
You can purchase Joe's first book I Was Broke. Now I'm Not. HERE. Volume discounts available for purchases of ten books or more.
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SERIES: I Was Broke. Now I’m Not. VALUES Part 3
Welcome to another series at JosephSangl.com – I Was Broke. Now I'm Not. VALUES
In this series, I will be sharing what drives me. The stuff that lights me on fire for helping others with their personal finances.
3. PASSION
I am a firm believer in being passionate about whatever I am doing. I lived long enough working a J.O.B. I ain't doing that anymore! PASSION is a huge part of what I Was Broke. Now I'm Not. is about. There are nearly a dozen trained volunteer financial counselors helping with this crusade, and you can bet that each one of them is passionate about helping others take their finances to the next level.
I am PASSIONATE about seeing lives changed. I am PASSIONATE about seeing hope restored. I am PASSIONATE about helping others take their finances to an entirely new level. That is what this is all about. It is why this web site exists. It is why the tools are FREE. It is why I wrote I Was Broke. Now I'm Not. It is why I write a weekly newspaper column. It is why I produce a weekly podcast. It is why I travel the nation teaching and speaking. It is why I train volunteer financial counselors.
I am more than a little FIRED UP about this crusade to help others accomplish far more than they ever thought possible with their personal finances!
You can purchase Joe's first book I Was Broke. Now I'm Not. HERE. Volume discounts available for purchases of ten books or more.
Receive each post automatically in your E-MAIL by clicking HERE.
On-Line Savings Accounts
I love my on-line savings accounts at HSBC and ING.
Why do I like my on-line savings accounts?
- Their interest rates are competitive with CDs (HSBC's 3.50% is currently better than ING's 3.00%), yet there are no liquidity or penalty issues for pulling money out early. By the way, HSBC just raised their rate to 3.50%. I am betting that ING is pondering a change too.
- There are no fees.
- Their web sites are very user-friendly.
- They are FDIC-insured up to $100,000.
- You can put up to $2,000,000 in an account.
- You can put as little as $1 in an account.
- I can move my money around very easily because it is on-line.
- I can access my accounts 24-7-365.
There are several other good on-line banks out there too. What on-line banks are you using?
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