Money

Advice

Making Money and How Much Should You Ask For?

Yahoo has an article in their career center about salary advice.

Negotiating the best salary for the position you are considering is probably about the most important decision you can make for any job.

I don't care what anyone says, getting paid is the reason we work. Sure, it is nice to be financially secure and not have to worry about how much your paycheck will be every other week, but the reality is most of us have to be concerned about money.

Simple rule which Jeffrey Fox outlines in his book "How to Become CEO" - take the job which pays the most money.

Why? Because the money you make at this job will go on to the next job you take. If you make $150,000.00 per year at job one, your next employer will be expected to match that at the very least in order to attract you.

Besides, it makes paying bills easier which allows you to focus on your work and your own worth.

Another idea is to take the job which pays the most overall.

That is, take the job which has the best benefits cost to you (i.e. lower insurance deductibles, matching 401K, etc.), a better bonus structure (because you ARE going to get that BONUS) and other payment incentives like stock or stock options.

Happiness at a job is important, but one can be much happier making ten grand more per year at job one than suffering joyfully at job two.



Self fund your life. Start now.