See how to use “The Black Box” investing strategies the ultra-wealthy use To Make Millions.
We all want more money, right? So how come we don't act like it! Studies show that the majority of Americans are unhappy with their employment income but they refuse to ask for a pay raise. No doubt about it, it's a touchy subject. Most people don't even know how to ask for a raise. It can sometimes be an awkward conversation, especially if you're stumbling over your words.
Again, most people don't know how to ask for a raise and because of this, they avoid it entirely. But, the fact of the matter is that you should be paid what you're worth.
Learn more about how to ask for a raise from The Elevation Group CEO and investment expert Brian Fouts from his latest training call:
Hey, everybody, Brian Fouts with The Elevation Group here. Now, as you get your start in building wealth at the beginning of your wealth journey, one of the best things you can do is to increase your income.
Now, if you're a W-2 employee or if you have an employer, one of the best things you can do is to ask for a raise. Right now, most people don't want to do that, but if you do, the chances of getting a raise go up exponentially. So here are some things you can do to increase the chances if you're looking to ask for a raise, if you're in that situation.
One, make sure that you deserve it. You want to make sure that you deserve that raise. Right? And most people know intuitively if they do or not.
Number two is do your research. What do other people in your career or your job make? What is their salary? How are they compensated? Make sure that you understand what you're asking for is within reason.
Number three, you need to prove that you've done things to provide value to your employer. How have you increased their revenue, make sure you know about that and that you can present that to them when you're asking for that raise. So grab that proof.
Number four is know your goals within the company, because if they're going to invest in you, they're going to need to understand what your long term goals are. So understand that what you want to get out of this company, what you want to provide to them long term or even short term, but understand your goals, dress the part. So if you're looking to get an ask for a raise, make sure you dress the part. If you're asking for a different position, dress for that position as well. But make sure you dress the part, because I always say dress to impress. Right?
Expect them to say “no”. That is number six right there. They might say “no”, that's OK. But expect that because there might be some negotiation right there and you might find out why they're saying “no”, which is very important to know as well.
Number seven is other money. Now, it's not just money or cash that you could be asking for. There might be other perks, maybe a car, a vehicle allowance or other things that you could actually ask for or get if they say no as well.
And then the last one is timing and timing. Don't ask on a Monday, ask on a Friday afternoon or other afternoons. That's the best time. Now, these are just a few of the things, there are a lot more but this can get you a great start.
We’ve put together a free online training we’re calling “How To Use The Black Box Investing Secrets of the Super Rich”. This free online training condenses a decade of intense research into the banking habits of the super-rich, down to 3 “Black Box” secrets the super-wealthy don’t want the rest to know.