You have been at your current place of employment for some time and you know you are doing a great job. Even your manager/boss has acknowledged it. Seems like the perfect time to ask for a raise in salary. But sometimes, "Ask and you shall receive" doesn't go quite so smoothly.
With budget limitations or cuts, company rules and regulations, or some other barrier put in place preventing your boss from being able or wanting to grant you your wish, getting a raise isn't always doable. That said, there are other avenues to explore and negotiate that can add value to your bottom line.
More money per paycheck isn't the only way to find the perks and plusses you're seeking. Here are three valuable things you can ask for when a flat-out raise is flatlined.
Most of us must commute to work, be it by car or public transportation. Gas isn't cheap, nor are tickets for busses, subways, and trains. Parking fees can add up, as can tolls and car maintenance. And the further you must travel to and from work, the more you'll have to shell out.
As suggested by mindbodygreen, "Calculate the travel expenses you plan to incur each month, and ask for a stipend to help ease this expense. If it means you'll be at work and meetings on time and safely, your company just might build this allowance into your contract." Fast Company adds, "You should at least be reimbursed for mileage you drive on behalf of the company."
While travel reimbursement may not add up to the amount in salary increase you'd hoped for, the savings will add up over time. Plus, there will be another chance to ask for a raise in the future, and now you'll have your travel covered too!
A Flexible Schedule
A better work-life balance can be as rewarding as a pay raise. A more flexible schedule can provide a relief from stress and the ability to successfully manage your life. According to Forbes, "In a recent survey by Adecco, employees said work-life balance was as valuable to them as their salaries."
Fast Company notes, "Time off and flex time might not seem like a compensation boost, but having the ability to shift your hours or work from home can cut commuting expenses and give you better work/life balance."
Ask your boss if you can avoid traffic by starting the work day later and staying later, or coming in early and leaving before rush hour. Discuss working remotely a few days per week if your job allows for it. Perhaps you can take the night shift or work weekends.
The more you have control over your work schedule, the more satisfied you'll feel. It may not mean more money, but time itself is precious.
A New Title
"A rose by any other name would smell as sweet," but when it comes to a job title, some come off a lot better than others, in terms of importance and value to the company. Just because you can't get a monetary raise doesn't mean you can't get a boost in business. You may not even gain new responsibilities with this new title, but it can give the impression that you are more seasoned and higher in rank. Plus, if, and when the time comes to seek work someplace else, your more impressive title will jump off your resume.
As per mindbodygreen, "A new title can be just the thing to reflect all of the interesting projects you're working on and to boost your confidence and that of those around you." Harvard Business Review adds, "It's a signal both to the outside world and to your colleagues of what level you are within your organization. Your title can also have a big impact on your day-to-day happiness and engagement."
Raise your hand for a raise, but if your boss can't put their money where their mouth is, perhaps one of these three alternatives will make you feel appreciated. Good luck!
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.