Asking a co-worker how much she makes is a little like asking an acquaintance how much she weighs: invasive, rude, borderline inappropriate.
With age, size, and even relationship-status, we're raised with a polite inclination towards privacy. These discrete facts, though intimately tied up in our notions of identity and personal value, carry a certain taboo. It is ill-mannered to inquire, and crude to share openly.
That lack of transparency, however, has become a source of drastic inequality in the workplace. How do we advocate for ourselves if we're ignorant to the context we're navigating? "There are direct, concrete consequences for falling victim to salary secrecy," the New York Times reported, "including wage suppression and a lack of transparency around pay inequity, which disproportionately affects women and minorities."
Our reluctance to make public our financial value keeps us from professional leveraging. It pushes us to graciously accept whatever sum an employer doles out, no questions asked. Outside of the work place, a whopping 43% of Americans have neglected to share how much they make with their spouse, according to data from Fidelity Investments. Forget coworkers, American's are hesitant to share their salary even with their life partner.
It took me well over a year to learn that I was not making enough money working as a staff writer on a team of men with identical titles and reliably comparable work loads. I accepted my first offer. I was grateful for any first offer. It was my ignorant assumption that each of our salaries was in direct proportion to the work we'd been doing; an assumption I now know to be both naive and false (for the sake of sharing, that number was 50K). I only developed the nerve to ask while organizing onboarding documents for new hires — all of whom would earn a starting salary higher than my current one. I hadn't thought to negotiate, and I hadn't realized that everyone else had.
By no stretch is salary secrecy professionally enforced — the National Labor Relations Act deems it illegal for employers to bar any private sector employees from communicating openly about their salaries. But the reluctance to do so seems to come from a more deeply rooted social order — an adherence to decorum — than it does any legitimate code. Women continue to make an average of 80 cents to every dollar a man makes, and an unwillingness to communicate about money, and thus a hesitancy to demand higher wages from employers, helps to keep that norm in place. In fact, according to a recent Harvard study, women are drastically less likely to negotiate salaries at all. There remains a collective belief that the first offer is good enough.
Gender aside, it's time we all talked about our salaries. Transparency is our democratic weapon — it's how we guarantee we earn what we deserve. It's our means of mutual support for one another.
Start at the dinner table. Ask your friends over drinks. Ask your colleagues over coffee. Share your own finances and create a space for that brand of communication. Listen to podcasts, read columns from contemporary economists, find a vocabulary that makes you comfortable. Only with transparency can we strip salary-talk of its antiquated stigma.
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Airbnb offers an affordable option for people looking to be more comfortable as they travel.
However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.
And while most reputable hotels will have regular room inspections from staff to check for any wear and tear, Airbnb damage disputes are oftentimes he said, she said situations. If you are in an Airbnb and something breaks, there are a few steps you should take in order to ensure that you are not on the hook for damages out of your control.
If you're keeping tabs on the art and tech worlds, you've probably been hearing whispers about "NFTs" for the past month. Just over the past week they've entered the mainstream lexicon.
Twitter founder Jack Dorsey made the news for selling his first ever tweet. The app has been teasing paid subscription models and newsletter-like features, but tweets for sale is "the next frontier."
just setting up my twttr— jack (@jack)1142974214.0
The 2006 tweet went up for auction as an NFT, and the current bid is $2.5 Million. But what does it mean to own that? Why would anyone want to? And what even is an NFT?
Long gone are the days when the majority of Americans dreamed about owning a home with a white picket fence.
The traditional American Dream may be on its deathbed, but that doesn't mean a core component of the vision can't survive. It simply takes a diverse perspective. People can still believe they can attain their own vision of success in society with hard work, knowledge, and risk-taking. Investing in today's American Dream may literally mean investing money in our modern economy, starting with our infrastructure.
Real estate investing in particular is a lucrative method that can boost income and secure a better financial future for many. There's always risk involved, but the payoffs can far outweigh the uncertainty. Selecting solid financial investments is about confidence and competence. If you're looking for some advice on this kind of investment, here are a few savvy tips for new real estate investors.
Stick To a Specific Strategy or Niche
Real estate is a challenging sphere of the business world, one that requires several key skills: groundwork knowledge, networking, perseverance, and organization. True knowledge of the real estate market will come with time and experience, but it's a smart idea to select one area of the market and stick to it. This is the best way to attain in-depth familiarity with your specific niche.
First, choose a geographical area close by and then a niche strategy within it, such as house flips, rental rehabs, or residential or commercial properties. By doing so, you can become aware of current inner working conditions in the market and you'll have a better idea of how these trends may change in the future.
Be Vigilant About Viable Financing Options
While it takes money to make money, you don't have to use all your own money. A common misconception about real estate investing is that you must be wealthy to start off. This isn't straight fact, however. A majority of people can test the waters of real estate investing without a lot of initial cash in their pocket.
Aside from traditional financing options from banks and institutions, private lending options can be worthy solutions. Hard money lenders are popular, reasonable choices, and they tend to have fewer qualification requirements upfront. However, be sure to strategically choose a hard money lender to find the best possible fit.
Master the Art of Finding Good Deals
There may be hundreds of thousands of available properties for sale on the current market, but the bulk of them will never amount to the final money-making result you desire. Another great tip for new real estate investors is to use good math to estimate profit. Taking risks is part of the process, but you have the ability to analyze properties and use networking sources to find the greatest deal. You can't win every deal, but you can steadily work towards a thriving financial future.