3072: How to Ask for (and Get) a Raise by Emily Guy Birken with PT Money on Salary Negotiation

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 14 March 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3072: A well-deserved raise isn't just about asking, it’s about asking the right way. Emily Guy Birken breaks down a strategic approach to salary negotiations, from researching market value and proving your worth to timing your request wisely and handling a potential "no" with confidence. Mastering this skill can set you up for long-term financial growth and career satisfaction. Read along with the original article(s) here: https://ptmoney.com/how-to-ask-for-a-raise/ Quotes to ponder: "They can’t shoot you for asking." "The best time to ask for a raise is right after you have just done something great for the company, such as solving a big problem, landing a major client, or saving the company money." "It can be easy to procrastinate for months (or even years!) if you’re uncomfortable selling yourself, but no one else is going to advocate for you." Episode references: Glassdoor: https://www.glassdoor.com Salary.com: https://www.salary.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:23.3	like you sign up for your one dollar a month trial at shopify dot com slash setup
0:28.7	this is optimal finance daily how to ask for and get a raise by emily Guy Burkin with ptmoney.com.
0:40.3	When I was a shy teenager, my grandmother used to tell me, they can't shoot you for asking,
0:46.3	to help remind me that there was no harm in advocating for myself.
0:50.9	This advice has been helpful to remember any time I've been nervous about asking for things,
0:56.2	especially higher pay.
0:58.4	Grandma's advice is something most workers would do well to remember.
1:02.7	According to a pay scale salary survey, nearly 60% of workers haven't asked for a raise in their
1:09.6	current field, and many who have avoided
1:12.2	the conversation have done so because they're uncomfortable. Asking for a raise does not have to be
1:18.5	overwhelming or uncomfortable. Here are the steps you need to take to ask for and get that raise
1:24.5	you deserve. Number one, do your homework.
1:29.1	Before you even schedule a meeting with your boss,
1:31.8	you need to know the answers to some important questions.
1:35.3	How much are other individuals in your field making?
1:38.9	How much are your particular qualifications worth?
1:42.5	What is your company's policy for raises? And how financially
1:46.8	healthy is your company? Researching all of this may seem like a tall order, but it's necessary to
	...

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