Decide What You’re Worth

Want to make more money? First, you need to believe that you’re worth more. If you believe it and exude confidence on the subject, everyone else will believe you’re worth more, too. Believe it deeply enough and you may not even need to ask for a raise.

It’s very helpful to know what you’re worth. To the dollar. Not some random number, no abstract figure counts – the exact amount to cover the cost of living the life you think you deserve. Add up your expenses, your lifestyle costs, your health costs, your travel costs. Cover your responsibilities. Price out your dreams and your hobbies. Set a structured savings plan and contingency for accidents. Add them all together over a year period. With simple math, you can conclude your annual salary. That’s what you’re worth. No less.

Be open to quoting that number to others, and do not be afraid to itemize the costs for them. If you can justify every price point and sell your needs, it will be difficult for anyone to argue. Make sure your employer understands this number. If it’s not possible for your company to match, find alternative means to cover the difference (freelancing, for example) – or find a different job.

Know what you’re worth. Believe you’re worth that much. Fight for it if you need to. Do not sell yourself short.

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